Oaks Asset Management is an India focused investment manager investing in consumer focused and disruptive technology-enabled businesses led by seasoned entrepreneurs and leadership teams. Oaks has invested INR 100 crores in CredAble.
Oaks Asset Management’s model is based on the concept of “Connected Capital” wherein, the firm’s operating teams partner with portfolio companies in the value creation process.
Investment opportunities are also showcased to the firm’s LPs / investors who may choose to participate on select opportunities.
Co-Founder and CEO, CredAble
(Equentia SCF Technologies Private Limited)
Nirav is the Co-founder and CEO of CredAble, a FinTech platform that is reimagining working capital financing by providing liquidity programs for enterprise eco-systems using state-of-the-art technology platforms, digital KYC and onboarding, deep ERP and bank integrations, and digital documentation and transaction management. Nirav has been an entrepreneur for over 18 years and has incubated and scaled businesses, raised debt and equity financing and built multi-disciplinary global teams in the areas of technology, private equity and international commodities.
Prior to CredAble, Nirav co-founded and led Equentia Natural Resources Pte Ltd., a multi-commodity trading and structured finance company with offices in Singapore, Jakarta, Dubai and Mumbai. ENR is amongst the top 5 importers of Indonesian Thermal Coal for the private sector in India with revenues in excess of $500 Million a year and trading volumes of over 10 Million MT. ENR also has a significant structured trade finance and debt arbitrage operation.
Prior to that Nirav has founded several companies in the internet and technology space and has had 3 successful exits.
He is an active early stage investor in tech-enabled consumer-led ventures and has invested in over 25 opportunities. Nirav studied computer science and economics at the University of Michigan.
Co-Founder and Managing Director, CredAble
(Equentia SCF Technologies Private Limited)
In a career spanning 15 years working in leadership positions, Ram has gained invaluable insight and expertise in the domains of Investment Banking, Marketing, Finance and Operations. As an acknowledged veteran of the Employee Transportation industry he brings valuable industry insights, experience and connections to further the establishment of the vision behind CredAble.
Prior to founding CredAble, Ram spent 15 years in investment banking and P&L leadership capacities. Previously, he was a shareholder and CEO of People Premier Logistics, a successful employee transportation business. Prior to becoming an entrepreneur, Ram was an investment banker with Centrum Capital and Grant Thornton.
Chief Business Officer
Prior to joining CredAble, Rohit was a member of the founding team at Antfarm, a technology business incubator where he successfully launched and operated tech ventures in the ad-tech, intra-city logistics, fashion and healthcare sectors. Previously, Rohit was an investment banker at Centrum Capital.
Chief Product Officer
Nitin is a seasoned product management professional with 15 years of experience in product strategy, product marketing and technology. He has a diverse experience of working in large financial institutions (Sun Life Financial) across geographies as well as contributing to key Indian e-commerce startups (Snapdeal) in their early stages. Prior to joining CredAble, Nitin founded a social events discovery e-commerce platform.
Chief Financial Product Strategy and Risk Officer
Prior to joining CredAble, Sudeep spent 11 years in corporate, investment banking and financial structuring roles with leading institutions including HDFC, ICICI and Deutsche Bank. In his previous start-up role, he was instrumental in structuring alternative investments and debt raising for Rentomojo, a furniture and fixtures leasing venture backed by Accel Partners and Bain Capital. Sudeep is a Chartered Accountant by qualification and an alumni of the Indian School of Business.
Managing Director | Client Coverage
Ashutosh has joined as Managing Director – Client Coverage at CredAble, a FinTech company that is transforming supply chain finance with its various technology-enabled funding programs for stakeholders in corporate supply chains. Ashutosh is a conversant Trade and Supply Chain finance professional with over 11 years of experience in the Banking industry. He has been a career transaction banker with HSBC, working across diverse range of corporates, commodities and markets within India. As a professional, he has a penchant for problem-solving and relishes building relationships – both of which are his primary drivers for motivation. At CredAble, he is responsible for identifying and developing opportunities for the Platform business across India. Ashutosh is an alumnus XLRI, Jamshedpur & SRCC, DU and semi-qualified CFA & CA (CFA L2 & CA PEII). On the personal front, Ashutosh is an avid cricket enthusiast, watching as well as playing and can spend hours re-visiting old India wins, over and over again! He lives by the motto – work hard and laze harder! He is also a full-time story reader & maker, cartoon sketcher, nursery rhyme singer to his 4 year old son.
Head | Risk Operations Lending Business
Hetal comes with over 30 years of work experience across industries as diverse as commodity trading, internet technology, land development and equity investments. He specializes in business operations, legal and governmental compliance and has previously gained experience as an independent entrepreneur.
Head | Human Capital
Debashree is an experienced Human Resource and Organization Development professional with over 17 years of experience in the field of Human Resource. She has been associated with organizations like Nomura, where she has managed the entire gamut of HR functions and has also provided a range of consultation services to senior stakeholders and executive management on the implementation of key change initiatives and cultural development process. She brings expertise in driving HR related change management projects across industries including education institutes like Tata Institute of Social Sciences.
Vice-President | Finance and Control
Prior to joining CredAble, Ketan spent over 13 years with Deloitte Haskins and Sells in the statutory audit function serving clients in industries like Financial Services (Housing Finance and NBFC), Real Estate and Pharmaceuticals. He specializes in risk assessment and performing critical analysis of the control activities of a business.
Vice-President | Operations
Ajit is mandated to design and implement the client on-boarding journey, compliance strategy, internal risk audit process, automation, and augment the voice process operations for the Vendor Engagement teams. He carries over 18 years of cross industry experience, has led an eclectic mix of people & businesses in his career. Most recently Ajit was with Standard chartered Bank (GIC) where he oversaw operational risk management for over 31 consumer banking markets across 28 countries through a center of excellence team he built in Chennai. Ajit also advises start ups on P&L management, operations, cost efficiencies, financial leverage, seed funding & attracting venture capital.
Ajit holds a MBA from Institute for Technology & Management, specializing in Marketing Management, & Certifications in Pricing & Revenue Management from IIM- Ahmedabad.
Equentia SCF Technologies Private Limited
Equentia Financial Service Private Limited
Anil’s 30 year prolific banking career needs little introduction. Anil spent over 17 years with Citibank and AIG and more recently as the Managing Director of Royal Bank of Scotland, before moving on to be the co-founder 1Crowd, India’s leading Angel Network. At 1Crowd, his investee companies benefit from his mentorship and immense experience and corporate network to accelerate their growth. As an Independent Board Member of CredAble, Anil helps define our business strategy and selflessly guides our growth in the financial services domain.
Equentia SCF Technologies Private Limited
Equentia Financial Service Private Limited
Rajiv has a over a decade of experience conceptualizing and operating International businesses in South East Asia, India and China. Rajiv has a deep understanding of all facets of an International business encompassing trade finance, technology, business development, contract management, competitive sourcing and customer acquisition. Rajiv’s experience and knowledge of building businesses from scratch is of particular importance in his role as a Board Member of Credable.
Equentia SCF Technologies Private Limited
Sandeep has over 15 years of experience in the BFSI domain specialising in Capital Markets, Wealth Management and Offshore Fund Management, both as a market player and regulator. As a regulator, he worked with the start-up management team of National Securities Depository Ltd (NSDL) and was part of their operations team for five years.Sandeep was Executive Vice President at Bay Capital Investment Managers Pvt. Ltd. and was responsible for the overall Operations, Finance and Compliance functions. Prior to Bay Capital, he was designated as Vice President at ENAM AMC and was also part of the core team that conceptualized and commenced Reliance Portfolio Management Services.Sandeep holds a Bachelors Degree in Commerce from Hansraj College, Delhi University and is a member of the Institute of Chartered Accountants of India (ICAI) and the Institute of Company Secretaries of India (ICSI).
Over his eventful career that spans over 30 years, Rakesh has held key roles such as CEO, HSBC Indonesia, Global Head, Trade & Receivable Finance at HSBC and MD & CEO of Catholic Syrian Bank. An alumnus of IIM – Ahmedabad, Rakesh has also founded a coworking incubator and a FinTech product designed to empower millennials with the financial liberty to achieve all they aspire. He has lived and worked in India, Hong Kong, Indonesia, London, Bahrain & Singapore. As an Advisor, he brings to bear his considerable knowledge to guide the establishment of the CredAble Business model.
Anita is a seasoned professional with 30 years of rich post MBA experience as a senior business and human capital leader. Over her successful career that spans nearly 30 years, Anita has helped organizations solve their business issues through human capital solutions in change management, organizational development, leadership development, talent management etc. As a board Advisor she coaches the leadership team and helps shape CredAble’s Human Capital Strategy.
Over his eventful career that spans nearly 20 years, Kabir has had the benefit of exposure, expertise and experience in various sectors in key leadership roles. He combines deep financial insights into markets, investments across sectors and exposure to business domains as varied as Private Equity & Investment Banking, Construction supplies (Ready Mix Concrete), Hospitality and Hotels, Education, real estate and Employee Transportation. As a minority investor and Advisor he brings to bear his considerable knowledge to guide the establishment of the CredAble Business model.
Suresh brings over 30 years of experience in Wholesale Banking, Corporate banking, stressed assets and SME Lending. Suresh served as the Executive VP and head of Wholesale Banking at Dhanlaxmi Bank where he disbursed over INR 42000 MN maintaining a NIM in excess of 5%. Prior to that he held several senior management roles with Kotak Bank, Edelweiss and L&T Finance.
Executive Vice President (EVP) and Head of Credit
Ranjit Singh has joined as Executive Vice President (EVP) and Head of Credit. Ranjit has extensive and diverse experience spanning over two decades across corporate banking, Credit Ratings, Insurance, and IT, thus his specialization will help CredAble to cater a wider ecosystem.
At CredAble, Ranjit will be at the helm of the Credit and Risk Management function. He looks forward to the opportunity to leverage technology and data to develop a credit risk management framework that is both robust and agile.
He has been a Corporate Banker for 13 years with Rabobank and Standard Chartered Bank.
As a banker, Ranjit has handled senior roles in Coverage Banking and Credit Analysis. He has worked with clients from diverse industries and scales including promoter led mid-market businesses, diversified conglomerates and as well as multinationals. He has led cross-functional teams to design and execute financial solutions encompassing lending, trade, commodity, and forex markets. Prior to banking, he has worked with Crisil, ICICI Lombard, QAI India and TCS. Ranjit is an alumnus of FMS, Delhi & Delhi College of Engineering. Besides his passion for credit risk management and financial restructuring, he is an avid reader and a cricket junkie. Being a birding enthusiast, he also cherishes observing species of birds.
Mr. Manu Prakash
Executive Director & Head– FI Coverage & Partnerships
Manu joins us as Executive Director & Head – FI Coverage &Partnerships at CredAble, which is an award-winning AI-Powered Technology Platform that enables Working Capital Financing & SaaS Solutions across enterprise ecosystems using state-of-the-art technology platforms, digital KYC and onboarding, deep ERP and bank integrations, and digital documentation and transaction management. By leveraging their trade finance expertise, partnerships with capital providers and leading technology and big data analytics, CredAble is able to provide comprehensive working capital financing solutions to leading corporates across Asia in areas of Payable and Receivables financing, Debt Capital Markets and SME Financing.
Manu is a trade finance professional with over 16 years of experience in the Banking industry. Prior to joining CredAble he was heading Trade and Product for Sumitomo Mitsui Banking Corporation (SMBC) Asia Pacific in India. Manu has worked with major financial institutions like HSBC, Standard Chartered and ICICI in his previous roles.
At CredAble, he will be responsible for developing and nurturing strategic partnerships across our product portfolio and financial institutional coverage. Manu would be working to help build CredAble become India’s largest working capital platform.
Manu is an alumnus IIFT, Delhi & Engineer from Delhi Technological University (NSIT) and CDCS qualified. On the personal front, Manu is a sport and fitness enthusiast, and believes that an individual should always prioritize their physical and mental wellbeing by following the motto – “Health is a priceless wealth, invest while you can.”
Executive Vice President Corporate Development & General Counsel
Mr. Gaurav Dugar, Executive Vice President Corporate Development & General Counsel is a seasoned legal expert and comes with over a decade’s experience in the legal landscape.
Prior to joining CredAble, he was working with leading law firms such as Shardul Amarchand Mangaldas and Trilegal. Delighted to start his new journey, Mr. Gaurav Dugar, Executive Vice President & General Counsel, CredAble stated, “The In-CredAble team at CredAble is looking to build something which is truly amazing. The vision is exceptional, as are the people who have built an annual disbursement book of more than USD 3 billion. They have created stakeholder partnerships that provide financing opportunities to entities who previously did not have access to any formal working capital solutions. Our goal together continues to be to enhance financial inclusion, in line with the RBI’s objectives and policy framework.”
At CredAble, Mr. Gaurav will further build, develop and lead the legal functions to enhance financial inclusion for India as the largest working capital platform. Besides having an impressive career, Gaurav is a gold medalist from Hidayatullah National Law
University Raipur and is also an alumnus of La Martiniere for Boys, Kolkata. Whilst being a seasoned and dedicated professional, he believes maintaining a work-life balance is important to keep up one’s productivity. He is a scuba diving enthusiast and claims that his love for diving originated because it’s the one place where he was not reachable on call or email. He is also a qualified divemaster.
Chief Technology Officer
Kapoor is a ‘technology leader’ with more than two decades of industrial experience in various sectors. These include EdTech, E-Commerce and Fintech.>
Kapil’s industrial experience is centered around building and scaling of enterprises, B2C and B2B digital products across sectors mentioned before. Additionally, he is leading multi-nation and cross-functional digital engineering teams across the continents of Asia, Europe and North America. The tech leader has also undertaken several digital transformations for sectors like cybersecurity, cloud, agile and composable enterprise.
Prior to CredAble, he was functioning as the CTO of Loylogic, a European multinational-based technology provider of loyalty for both currency-centric e-Commerce and payments.
Kapoor is also known to have managed key leadership roles in the past including Engineering Director at PTC Inc.
As the CTO of CredAble, he will be managing the scaling of departments like engineering, cloud operations, as well as security functions. All with the aim of furthering digital transformation and propelling innovation in business.
In terms of educational background, the new CTO pursued an MBA at the University of Chicago’s Booth School of Business. Moreover, he is also an alumnus of the National Institute of Technology (NIT), Nagpur, as well as INSEAD Business School.
Managing Director – International Business
Mr. Satyam Agrawal joins CredAble as a Managing Director – International Business. Satyam comes with over 2 decades of experience in Banking, FinTech, and the SME Segment, in senior leadership roles with global banks.
Prior to joining CredAble, Satyam was associated with GlobalLinker, a Digital Platform in the SME space. He has also held key roles in banking as Managing Director and Head of Retail Business Banking for Asia Pacific at HSBC and Global Product Head for Business Banking at Standard Chartered Bank.
Commenting on the commencement of his new journey, Mr. Satyam Agrawal Managing Director – International Business at CredAble said “Access to working capital is the biggest impediment to the growth of SMEs globally. However, with the advent of Digital transformation and the Partnership Ecosystem; Financing to SMEs is expected to leapfrog significantly this decade. It’s remarkable to see CredAble already making an indelible mark in this space in India bringing the best out of the partnership between FinTech and Banks to solve real working capital challenges for SMEs. I am privileged to be given this in CredAble opportunity to replicate our success in India, globally.”
With his extensive knowledge in the SME Digital Ecosystem in the Asia Pacific region including Banks, DFIs, Regulators, Consulting Firms, FinTechs, E-Commerce Platforms, and Payments Companies; Satyam will lead the expansion of CredAble internationally with a focus on the Asia Pacific, Middle East, and the Africa region.
Satyam’s experience in the SME and Working capital space would be invaluable as we expand our BAAS offerings to the global markets. He has been a visionary leader in the SME banking space in Southeast Asia and we are privileged that he chose to partner with CredAble. Satyam will lead our foray into South East Asia, the Middle East and African markets and will help to roll-out technology platforms across Financial eco-systems in these markets.”
Besides, Satyam holds an MBA degree from the Goa Institute of Management and has been part of various leadership programs by London Business School, IMD Business School – Switzerland .