about us

A new age partner for the new age Indian entrepreneur

  • We are Dhanvarsha Finvest Limited

    Dhanvarsha Finvest Limited (“DFL”) is a Reserve Bank of India registered Non Deposit accepting Non Banking Finance Company (“NBFC-ND”). We are also listed on the Bombay Stock Exchange.

    DFL is a retail focused NBFC that aims to support small businesses & LMI customers by offering them innovative financing solutions. We understand the business & personal aspirations of our customers and use our specialised underwriting techniques to cater to what is a large, but informal and underbanked market.

    DFL is promoted by the Mumbai headquartered Wilson Group.

  • Vision

    To be a catalyst to the MSME wave in India, by becoming their most preferred financial partner.

  • Values

    To provide each and every customer with the financial impetus needed at every critical stage of their business and personal growth.

Board of Directors

Mr. Nimir Mehta Non-Executive Chairman

Mr. Mehta is the Promoter of the Wilson Group and the controlling shareholder of DFL via Truvalue Agro Ventures Pvt. Limited. which is the holding company of the Group. Mr. Mehta has diverse business experience across a range of sectors including retail and wholesale lending, real estate investments, agro commodities and investing in sustainable infrastructure projects. He has also served as an Operating Partner in the US$ 1 billion+ CLSA Asia PE fund.

Mr. Mehta is an Investor / Director in companies including the CLSA backed Earth Water Group, Wilson Financial Services Limited. and Wilson Ventures Pte. Ltd.

Mr. Karan DesaiManaging Director and CEO

Mr. Desai serves as the Managing Director of DFL and brings significant financing and operational experience to the company. He has previously worked with reputed financial institutions including Bank of America, PwC and lastly as head of Corporate Finance at Centrum Capital Limited. He also served as the Chief Operating Officer of a PE fund backed healthcare services company prior to joining DFL.

Mr. Desai is a Master’s degree holder in International Business & Management from Westminster Business School, London and a commerce graduate from Narsee Monjee College, Mumbai.

Mr. Ashish DalalNon Executive Director

Mr. Dalal was the founder and Managing Partner of Dalal & Shah, Chartered Accountants which was widely regarded as one of the country’s top accounting and auditing firms prior to it being merged into the PwC network. Mr. Dalal’s areas of expertise includes corporate accounting, finance, audit, business evaluations, mergers, acquisitions, strategic alliances and other fields of corporate consultancy.

He is on the Advisory Board of the Piramal Group Company – Indiareit Fund Advisors Pvt. Limited. Mr. Dalal holds a Bachelor’s Degree in Commerce and is a Fellow Member of the Institute of Chartered Accountants of India since 1982.

Mr. Nirmal Momaya Independent Director

Mr. Momaya is an Entrepreneur with over 30 years of experience in various industries including Specialty chemicals, FMCG, quick service Restaurants, Engineering and Retail. He sits on the Boards of multiple reputed companies including Camlin Fine Sciences Limited. and Capital Foods Limited.

Mr. Momaya cleared his B.Com with honours in the year 1986 and completed his Chartered Accountancy degree in 1987.

Mr. K.P RaghuvanshiIndependent Director

A 1980 Batch IPS Officer with varied experience of over 35 years in leadership roles across Administration, Collection of Intelligence Investigations, Security Management (Valued Assets, General & VIP), Prevention & Detection of Crime, Vigilance, Anti-Corruption, Maintenance of Law & Order, Counter Terrorism measures and Anti Naxal Operations.

Mr. Raghuvanshi has previously served as Additional Director General of Police (Law & Order) for the State of Maharashtra, as Commissioner of Police (Thane) from 2011 to 2014 and currently acts as a Strategic Security Advisor to the Reserve Bank of India.

Smt. Manjari KackerIndependent Director

Smt. Manjari Kacker, holds a master’s degree in Chemistry and a diploma in Business Administration. She has over 40 years of experience in taxation, finance, administration and vigilance. She was a Member of Indian Revenue Services batch of 1974 and retired as a Member of Central Board of Direct Taxes, in the rank of Special Secretary to the Government of India. She held various assignments during her tenure in the tax department and was also a member of the Central Board of Direct Taxes. She has also served as the Functional Director (Vigilance and Security) in Air India and has also represented India in international conferences. She is presently on the Boards of Reliance Communication, Indiabulls Consumer Finance, Subhalakshmi Polysters, EGK Foods, Hindustan Gum & Chemicals and Zaffiro Learning.

Core Team

Mr. Tater is an astute finance professional, With close to two decades of experience across top firms including HSBC Bank, HSBC Securities & Capital Markets, IDFC Limited, and IDBI Capital Markets. He last served as the Head of Finance for HSBC Securities & Capital Markets and oversaw Accounts, Finance, Statutory Compliance and Financial Planning & Analysis for all the group companies.

He is a commerce graduate and cleared his Chartered Accountancy degree in 2001.

Mr. Reddy acts as the CS and Compliance Officer for DFL and brings a rich experience of various secretarial and compliance aspects including listing of securities, corporate governance norms, understanding & implementation of SEBI and RBI provisions. He worked with Bharat Financial Inclusion (erstwhile SKS Microfinance) for over a decade and oversaw its transition from a small privately owned MFI to one of the largest listed MFIs in India.

He holds Bachelor degrees in Computer Applications & Law, certification from the Institute of Company Secretaries of India and a Masters degree in Law.

Mr. Servaiya is one of the most experienced members of DFL’s core team, with over three decades of banking experience in the public sector in India. He last served as an AGM in the Credit team of Union Bank of India and retired after spending close to 32 years with the bank.

At DFL, Mr. Servaiya will have dual responsibility; he will be taking care of communication and compliance filings with the Reserve Bank of India and heading the credit function of the company.

Ms. Warange is a seasoned HR professional, with over a decade of diverse experience across premium brands including Oberoi Realty, Lodha Developers and ITC Hotels. At DFL, Rashmi will take the lead in developing the Human Capital function and all its elements including talent identification and retention, performance enhancement and employee engagement and building DFL as an aspirational brand to work for.

Rashmi holds a Bachelor’s degree in Arts (Literature) and is a postgraduate in Human Resources.

Mr. Warade has joined us as Business Head and will be responsible for driving the Sales platform at DFL. He joins us with an enriching experience of over 17 years in Sales, Marketing, Business Development and Setting up Channel Distribution in diverse fields like IT, Telecom & Banking Retail Asset Products. He has previously worked with industry frontrunners like HDB Financial Services Ltd., Dewan Housing Finance Co. Ltd., HDFC Bank, ICICI Bank Ltd and Reliance Infocomm Limited (SESPL).

During his career, Sachin has received several accolades like Highest Business Volume Achiever, Super Achiever in Accelerated Leadership Program, Emerging Best BSM and Best Regional Sales Manager to name few., for his achievements in his field of work.

Naved has joined DFL to lead Digital and Technology Projects and will be responsible for the Digital journey of DFL. He joins us with an enriching experience of over 8 years in cross functional Business Analysis, Project Management and Program Management. He has previously worked with industry leaders in their own space like Edelweiss Financial Services, Eclerx Services Limited and Accenture Services Private Limited.

During his career, Naved has received several accolades like Best Business Partner, Bond with the Best and Extra Miler for his achievements in his field of work.

He holds two master’s degree; M. Tech - Computers from NMIMS and PGPMS from Welingkar’s.

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