Research Interests: Credit Information, Housing Finance, Mortgage Finance.
Satish is a mentor, an entrepreneur, a credit bureau and housing finance veteran with an experience spanning over 40 years in the areas of housing finance, business development, business technology, training, credit information and management consultancy across global geographies.
Satish’s intense passion and belief in his work drove him to live his dream – Athena Advisors, which was founded with an objective to create a knowledge organisation to channelize his experience and learning into emerging markets. Athena Advisors is a management consultancy firm specializing in the domains of Housing Finance and Credit Bureaus. Satish has consulted to the World Bank and ADB across the world in the mortgage finance and credit information space and worked with private and public sector financial institutions in the lending domain to write and review policies and processes, develop MIS, understand dynamics of the market place and make accepted suggestions increasing market share for a large public sector bank.
Till recently he was the Chief Operating Officer of Piramal Capital & Housing Finance.
Satish was the founding Managing Director of CIBIL – India’s first credit information bureau – a joint venture between Housing Development Finance Corporation (HDFC), State Bank of India, Transunion and Dun & Bradstreet. He was proactively influential in taking CIBIL from a concept to a full-fledged bureau and was directly involved in the drafting the legislation that regulates the credit bureau industry in India. He played an instrumental role in presenting the concept to every bank in India. It was during his tenure that all the banks signed on to become members / users of the bureau. He also played a key role in the initiation and early development of the CIBIL credit score, which is the industry benchmark today.
Prior to his responsibilities at CIBIL, Satish was General Manager – Business Development, at HDFC and was involved in various functions including business development, training, knowledge creation, consulting & advisory services, due diligence for investments, entry strategies, projects for multi-lateral agencies, operational management, credit policies, operations processes and human resource management. At HDFC, Satish also carried out the additional responsibility of managing the diligence and valuation leading to the investment by HDFC in housing finance companies in India, Sri Lanka and Bangladesh and was on the Board of Directors of the Sri Lankan venture for a period of four years. He was responsible for the training and business development functions there. He was also responsible for HDFC’s initial foray into education loans.
Post CIBIL, Satish has worked with Dun & Bradstreet, Dubai as President – Financial Infrastructure & Credit Bureaus and with Quantum Group as CEO. At Dun & Bradstreet, Satish’s expertise was utilized in various countries which were in the process of developing their financial infrastructure. Specifically, he has successfully headed the team that provided the technical know-how for credit bureaus in UAE, Egypt, Sri Lanka and also on the initial feasibility work in Bhutan. His role included advising the central banks and the commercial banks on how to establish and optimise the use of Credit Bureaus.
In addition, Satish has worked closely as a consultant, delegate, faculty member with a number of international organizations like the International Finance Corporation (IFC) in Nepal, World Bank in Indonesia, Bank of Housing and Construction and Home Finance Company Limited in Ghana, Building Societies Institute in Australia, National Mortgage Institute in Fairfield, USA, The Building Societies Association, UK and GE Capital Corporation, USA. He has consulted to the World Bank Group and IFC for credit bureau related assignments.
By qualification he is a Chartered Accountant and a graduate in science with specialization in Statistics and Economics.
He is an avid reader and likes to listen to old Bollywood music.