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DEMONETISATION LONG-TERM BENEFITS FOR INDIA

But short-term impact could be mixed for different segments and businesses
bh-sirVistaar Finance is a Non- Banking Finance Company (NBFC), based out of Bengaluru, India, serving the MSME segment, primarily in rural and semi-urban areas. We believe that by supporting and creating new economic opportunities for deserving small business women and men, lives can be enriched and communities can be transformed.The company focuses on the missing middle segment, which is not effectively served by the formal financial system. The objective is to make finance available at a reasonable cost and deliver in a transparent manner. In the process, Vistaar aims to continuously attract mainstream capital and human resources to serve these chosen segments who are the backbone of India’s vibrant economy.

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Vistaar Official
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On The Right Track

Many more start-ups fail than succeed in today’s business environment. Consequently, the CFO’s role in such companies varies from that in a more established one. Specifically, it is about addressing a wide range of issues: capitalising the company whenever possible, mitigating risk at every stage, planning and forecasting with great rigour, and continuously enhancing the trust of investors. Sudesh Chinchewadi, CFO of Vistaar Financial Services and this year’s winner of IMA’s India CFO Award for ‘Excellence in Finance in a Start-up’ is a particularly fine example of how one can build a successful company from scratch.

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Vistaar Official
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Vistaar appoints ex-Sebi chief C B Bhave as non-executive Chairman

 

Vistaar Financial Services, an MSME-focused financing firm, today said it has appointed former Sebi chief C B Bhave as non-executive Chairman and Independent Director.

Bhave was the Chairman of Securities and Exchange Board of India (Sebi) for a period of three years during 2008-11, prior to which he was the Chairman and Managing Director of National Securities Depositories Ltd (NSDL).

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Vistaar Official
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Six Learnings on Innovation from Six Industries From the event “India’s National Competitiveness Forum and Porter Prize”.

“Strategy is not about boardroom meetings and macroeconomic conditions but should include more specific about what customers will actually need. What does Unified Payment Interface, Aadhar info integration online and all this digital disruption mean to a small businessman in a village who will go to a local bank branch 23 times only to get a rejection?” – Vistaar Finance Managing Director

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Vistaar Official
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Vistaar Crosses Rs. 1,000 Crores Portfolio

 

Message from Mr. Brahmanand Hegde, Executive Vice Chairman & Mr. Ramakrishna Nishtala, MD & CEO

Six years and five months after we started, we have reached this significant milestone of Rs. 1,000 Crores Portfolio. At this scale, we can take satisfaction from the fact that we have clearly transitioned from the startup to the growth phase of our Company. We had a dream of being the preferred specialised financial services provider focusing on the underserved small businesses and are firmly on the track of fulfilling it. More importantly, we are heartened to see that many more financial institutions are now viewing the small business segment as a viable one to lend to. Indeed, the Reserve Bank of India has actually created a whole new specialised category termed ‘Small Finance Bank’, wholly focused on this segment.

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Vistaar Official

Exclusive coverage of Vistaar Finance on CNBC TV 18

ICICI Securities & CNBC-TV18 Present Decoding Business Growth Season 2

It’s a NBFC with difference! By focusing on micro businesses this Bengaluru-base company has loaned over 800 crore rupees to over 79,000 people. Catch the promoters and industry experts as they give insights into how Vistaar Financial Services was built.

 

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Vistaar Official
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In Pursuit of Excellence: The Tenth India CFO Awards

IMA Awards The Indian CFO award for Excellence in Finance in a Start-Up to Sudesh Chinchewadi.

Creating a paradigm for sustainable growth for a start-up can be among a CFO’s most complex mandates. Sudesh Chinchewadi is CFO of Vistaar Financial Services, an onward lending financial services firm focused on the MSME sector. Over the course of the past three years, Sudesh has proven that it is possible for startups to be about so much more than ‘cash burn’, and that it is possible for CFOs to lay the foundations of potential greatness in the coming decades of firms ‘just born’. Sudesh joined Vistaar during its inception stage, handholding the tiny company through its key needs of funding at one end, and expansion into India’s Tier II and III cities at the other. Whilst its potential is immense, Vistaar’s chosen area of operation – MSMEs in rural/semi-urban areas – is vulnerable to broader economic volatility at one level, and a talent crunch at another.

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Vistaar Official
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Technology trends and changing responsibilities of CIO in Financial Services

It’s evident that technology has changed the way we communicate, transact, analyze and even take critical business decisions. School of thoughts which believed “fundamental remains the same” is also challenged time and again; let it be around storing and retrieving data in an RDBMS or business-logic to be defined as per business principles. Today, unstructured database has revolutionized the world and cognitive development is the new mantra where data rules the business-logic. A belief that an expert sailor or navigator should have a sense of direction while exploring has been replaced by sophisticated decision making systems, systems which can guide the navigator basis the enriched “experience-data”. Trend based recommendation was supposed to be an expertise of an analyst a few decades ago. Now it is merely an algorithm defined by someone sitting on the beach of San Francisco or the greens of Bengaluru which mines all the possible data available within the company, topped with the data available publicly and puts the recommendation on a platter. Here decision makers can choose the relevant one which marries their business objectives.

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Nikhil Bandi