InPrime Finserv
Chandrasekhar A is a founding member at InPrime Finserv since August 2023, bringing extensive experience from L&T Financial Services, where Chandrasekhar served as Senior Regional Manager and Deputy Zonal Manager from March 2019 to August 2023. Prior to that, Chandrasekhar worked at Ujjivan Small Finance Bank Limited as a Distribution Manager from May 2006 to March 2019. Educationally, Chandrasekhar holds a Bachelor's degree in Education from Jnana Bharathi College of Education, completed in 2005.
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InPrime Finserv
‘Informal Prime’ as we christen this segment as, is an emerging horizontal segment within the informal economy. It originates from its progressive behavioral characteristics rather than pure demographic segmentation; And transcends across geography, livelihoods, and income levels. The manifestation of this segment is evident with customers exhibiting a growth mindset, making transitions from a cash to less cash economy, adopting digital solutions backed by a proven credit track record of several years. However, there is faint recognition of their progressive characteristics and consequently of their advanced financial needs. At InPrime, the aim is to recognize this sub-segment within the informal economy and carry forward the winning attributes of traditional lending and simultaneously leverage the modern lending practices focused on data, digital and technology. This, we believe can generate superior financial and non-financial outcomes without compromising on the core elements of lending which include- customer connect, engagement and risk management. We estimate that approximately 50 million households are part of this evolving segment with an incremental annual credit need of Rs. 5 lakh crores (70 billion USD). It will need a new category of institutions to cater to this massive emerging demand and we intend to be one of the early movers in this space.