The Board of Directors bring with them decades of experience and success in managing and growing to monitor CTRAN’s financial performance and the success of its products, services and overall business strategy. The Board is comprised of seasoned professionals with a solid range of industry, financial and business expertise.



Mr. Vijay Mahajan, Ex Chairman and Founder Member

Vijay Mahajan was educated at the Indian Institute of Technology, Delhi; the Indian Institute of Management, Ahmedabad; and at the Woodrow Wilson School of Public and International Affairs, Princeton University, USA. Vijay is the chairman of BASIX group and co-founded PRADAN, Sa-dhan and APMAS. He has co-authored a book “The Forgotten Sector” on the rural non-farm sector and written over 50 articles on rural livelihoods, development and micro-finance. He is a member of the Committee on Financial Inclusion, the Microfinance Equity and Development Fund and is also on the Board of CGAP, the global microfinance apex. Vijay was selected “Outstanding Social Entrepreneur” by the Schwab Foundation of the World Economic Forum, Davos, 2003.


Dr. Runa Sarkar, Chairperson

Dr. Runa Sarkar received her BE (Hons) from BITS Pilani; M.Sc. (Environmental Engineering) from University of North Carolina, USA. She has done her Fellow Programme in Management from IIM Calcutta. Her area of specialization is Environment Economics, , environmental financing, economic instruments for pollution control, and cost-benefit analysis.. During her stint with Dyson Hotwork Products and Services she was responsible for all activities relating to energy efficient burners and furnaces, from manufacturing to final sales, customer relations and servicing and Environmental consultancy services for all ongoing iron and steel projects. She has extensive experience in economic analysis of environmental and social impacts of major projects and has conducted numerous training courses on specific topics in environmental economics and cost-benefit analysis. She regularly works to support the environmental economics activities of bilateral (including CIDA, DANIDA, the European Union, and USAID), and multilateral institutions (including the Asian Development Bank, the United Nations Development Program and the World Bank).


Dr. Ashok Kumar Singha, Managing Director

Ashok Singha holds a PhD in Climate Finance from Utkal University, Odisha. He is a graduate in Agriculture from Orissa University of Agriculture and Technology (OUAT) and PGDM from Xavier Institute of Management Bhubaneswar.  He has over 23 years’ experience in Livelihood Enhancement, Micro-Finance, Sector Transformation, Public Enterprise Reform, Policy Research, Governance and Performance Improvement areas. He has exposure to sector study, institutional analysis and capacity building at national and international levels. He is one of the six governance consultants with DFID in India. An alumnus of Xavier Institute of Management, Bhubaneswar , Ashok has worked in Power Sector Reform (Orissa, AP, MP, UP), Public Enterprise Reform (in power sector, forestry sector, irrigation and water sectors), Decentralization and Participatory Governance (with Pani Panchayats, Water user Associations, Power User Associations, capacity building of NGOs, CBOs and municipalities). Ashok has worked extensively on climate change issues. His works include configuring large scale demand side management and energy efficiency projects in Orissa, Andhra Pradesh and Madhya Pradesh. He worked with EII in the marketing of a portfolio of CDM projects in India for DFAI –Canada. Ashok has worked extensively in the CDM project cycle in different capacities and has written extensively on the issues relating to power sector reform and climate change. He is familiar with regulatory, commercial and institutional issues in power sector and has actively participated in various consultations during the preparation Indian Electricity Act. His recent interests include working with large power companies on the issues relating to better climate management and regulatory compliance, risk management areas. He is also engaged with several public and private sector companies for CDM configuration. He has successfully led a team of seven professionals in Institutional Strengthening Project in Orissa Power Sector Reform during privatization engagement of PricewaterhouseCoopers. Ashok is also co-author of a book titled The Forgotten Sector, with Thomas Fisher of New Economic Foundation and Mr. Vijay Mahajan, BASIX. Ashok has also contributed to the book Rural Electricity Governance (Academic Foundation).


Mr. Prabhat Kumar Panda, Director

Prabhat Panda is a Chartered Accountant and co-founder of CTRAN. He is a fellow and a gold medalist from the Institute of Chartered Accountants of India and has experience of over thirteen years in the field of financial and operational review and structuring of back office functions. He has evaluated financial health, profitability and restructure of the financial health, cost benefit analysis, etc of OFDC and TDCC as a part of the Public Enterprise Reform in Orissa. He has been doing business and asset valuation for a number of public and private organizations. He has rich experience in the fields of direct and indirect taxes. His works in the field of insurance audit, stock exchange financial review and review of financial markets have significantly influenced operating procedures in these institutions. He has significantly contributed in the field of disinvestment and asset sale transaction management for various PSUs and private organizations. He has worked extensively in the areas of project appraisal, due diligence, project finance and transaction. He has worked extensively on institutional and financial risk assessment for several agencies such as Action AID, UNDP, DFID.


Mr. D. Sattaiah, Director

Mr. Devarakonda Sattaiah, has over 24 years of experience including a tenure of 20 years with BASIX Group dealing with Microcredit and Micro Insurance Operations with nearly 2 million credit customers, USD 450 million in loans outstanding and over 3.8 million insurance covers. He has got track record of starting and expanding businesses. Managed the Human Resource function for the same company with over 8,000 people in hundreds of locations.Exposed to some of the best management education in the world at Indian Institute of Management (IIM), Ahmedabad and to all round leadership exposure that is unique to the BASIX Group. He comes with strong hold on operations process, mechanism, planning, tools and monitoring and mentoring practice. He served as Head of Human Resources (HR), Insurance Vertical, Chief Operating Officer (COO) and Director Strategic Products in BhartiyaSamruddhi Finance Limited. He comes with strong familiarity with the rural realities, dynamics and customer knowledge. He is a post graduate in Management with a bachelor degree in Maths, Physics and Chemistry from Osmania University, Hyderabad. He is the designated as Managing Director of BhartiyaSamruddhi Investments and Consulting Services Limited.


Mr. ID Prasad, Director

Mr. ID Prasad is a Post graduate in Economics from one of the most reputed Indian Universities; Diploma in Management and Diploma in Marketing Management. Mr. Prasad has over 40 years’ post-qualification experience in the areas of entrepreneurship development; cluster development; technology facilitation of small and medium enterprises; project appraisal; marketing research; export marketing and industry analysis with leading public sector consulting organizations and export development agencies in India. 15 years of proven track record in diagnosing key developmental issues, evolving and implementing market driven strategies for development of MSE clusters. Mr Prasad worked with Andhra Pradesh Industrial and Technical Consultancy Organisation Limited (APITCO) as Chief Consultant and Advisor for 17 years. Mr. Prasad is currently engaged with Seamless Consultancy Services (Private) Limited as Director.


Mr. B L Parthasarathy

Mr. B L Parthasarathy, holds M.Sc. Agriculture (Tamil Nadu Agricultural University, Coimbatore), 1981 PGDM (or MBA) (Indian Institute of Management- Bangalore), 1988. He worked as Rural Development Officer in Syndicate Bank from 1982 till 1986. Later he moved to ACTIONAID, an international NGO based out of UK as Regional Programme Manager till 1991. He jointly promoted Intervention (India) Pvt. Ltd, a consulting firm, where he handled Research and Consultancy in rural development, rural finance and livelihoods, local fund raising, mission/vision development for organizations etc., till 1995. He joined BASIX group in 1996 where he was part of the team establishing BASIXgroup, till 1997. Further he joined with Swiss Agency for Development and Cooperation as Deputy Director and worked till 2004. In 2004, he was re-appointed in BASIX group as Sr. Vice President. During 2005-2008, he worked as Managing Director for Krishna Bhima Samruddhi Local Area Bank, promoted by BASIX Group. He moved back to BASIX as Group Vice President in 2008 and worked till August 2010. Subsequently, he worked as Managing Director & CEO of BASIX Consulting and Training Services Ltd till March 2014 and further moved on as Sr. Vice President with BASIX group till March 2017 and retired. Currently he is working as Consultant with BASIX Consulting. His recent assignment with BASIX was ADB funded project “Strengthening Financial Inclusion through Responsible Finance Practices” in India.