About Pragati Finserv
Pragati was incorporated in 2021 under the leadership of cofounder Jagadish Babu Ramadugu, an industry veteran with the aim of offering small ticket loans through an efficient, agile and scalable digital platform to under-served rural and semi-urban areas of the country.  We currently operate 189 Branches across 6 states serving more than 300,000 households.  Pragati aims to reach out to a million households in its passionate journey to improve financial inclusion in Bharat.

Currently Pragati is providing it's services as a Business Correspondent to Northern Arc Capital. We are a subsidiary of Northern Arc Capital.

About  Northern Arc Capital

Northern Arc Capital Limited is a platform in the financial services sector in India. Through technology and data, it provides a diverse set of solutions to cater to the credit requirements of emerging segments and small businesses. Its business model is diversified across offerings, sectors, products, geographies, and borrower segments.

Northern Arc has cumulatively raised over INR One Trillion in funds for its clients since the inception of its platform in 2009. Northern Arc’s exposure was spread across 657 districts in 28 states and 7 Union Territories in India, as of March 31, 2021. It has disbursed a total of over 6 million loans to retail customers across individuals, households and small businesses.

It is backed by marquee private equity players like LeapFrog, IIFL, Accion, Augusta Investments (known as Affirma Capital), Dvara Trust, Eight Roads and Sumitomo Mitsui Banking Corporation.

Banking

Credit

FinTech

Venture Capital

Pragati Finserv Private Limited

Jagadish Ramadugu

Navaneetha Banne

Rajasekaran Nrk

Kannan Arthanari

Vijay Kumar

Anil Kumar Gujja

The Leadership Team at Pragati Finserv Private Limited, composed of the Managing Director & CEO, Chief Operating Officer, Chief Information Officer, and Senior Vice President, is responsible for steering the company's strategic direction, overseeing operational efficiency, driving technological advancements, and ensuring robust executive management. They manage the integration of various functions to align with Pragati's mission to enhance financial inclusion in rural and semi-urban areas, while also coordinating closely with Northern Arc Capital to optimize their role as a Business Correspondent.

Leadership Team

Information Technology

Leadership Team

About

Team members

Other teams at Pragati Finserv Private Limited

Information Technology