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Asirvad MFI appoints Satish Nair as President and CEO

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KOCHI, India, June 7, 2024  /PRNewswire/ — Asirvad Micro Finance Limited (‘Asirvad’), a subsidiary of Manappuram Finance Limited (MAFIL) (BSE: 531213) (NSE: MANAPPURAM), has appointed Satish Nair as President and Chief Executive Officer (CEO).

Asirvad, headquartered in Valapad, Kerala, is the third largest micro finance institution (in terms of  AUM as of June 2023) offering micro finance loans to low-income women. As of June 2023, Asirvad has a presence in 22 States and 4 Union Territories in India through its network of 1,684 branches, with assets under management (AUM) of over Rs 10,000 crore. 

Commenting on the development, Mr. V.P. Nandakumar, Chairman, Asirvad, said, “Satish comes aboard to lead the Asirvad team at a time when the micro finance sector is witnessing significant growth. He is the right person to help elevate the company’s reach and consequently, implement the company’s vision of financial inclusion. I am confident that his understanding of the financial services sector will help Asirvad grow sustainably. I wish him and the team the very best.”

Mr B.N. Raveendra Babu, Managing Director, Asirvad, said: “We welcome Satish into the Asirvad family. Satish has rich experience of diverse functions, including treasury, compliance, business development, fixed income research, corporate finance functions, marketing, etc. He has also executed roles in mortgage, credit rating agencies, and internet companies. I look forward to working with him and the team into a realm of growth and success.”

Satish Nair, President and CEO, Asirvad, added, “I am delighted to join Asirvad and the Manappuram group. Micro finance sector presents a dynamic opportunity to meet the unmet needs of India’s diverse, multi-cultural and large population. With Asirvad’s core strength of its people and tech-platform, I believe we can deliver and service the under penetrated segments in the country with simple, easy and faster access to micro-credit. I look forward to working alongside peers in the industry, regulators, government and other stakeholders to continue on our path to serve the underserved and underbanked sections of India.”

Prior to joining Asirvad, Satish was head of treasury and corporate affairs at Vastu Housing Finance Corporation Ltd. He has led various functions in the financial services sector, including credit, business development, investor relations, fixed income research, marketing, etc. Satish has previously been associated with credit rating agencies such as Fitch Ratings, India Ratings & Research and Brickwork Ratings. Satish is an alumnus of University of Mumbai from where he graduated in business management and accounting.

MAFIL currently owns 97.59% in Asirvad.

About Asirvad Micro Finance Limited

Incorporated in 2007 to empower low-income women, Asirvad Micro Finance Limited is focused on financial inclusion and social empowerment. Initially concentrated in Tamil Nadu, Asirvad has since expanded its operations nationwide, extending financial support to marginalised individuals striving for economic stability. In 2015, Asirvad became a subsidiary of Manappuram Finance Limited, a listed Non-Banking Financial Companies (NBFC) in India. Through its innovative products and service to the working community, Asirvad continues to empower people in rural and semi-urban areas to aid their entrepreneurial aspirations.

About Manappuram Finance Ltd

Incorporated in 1992 at Thrissur, Kerala, Manappuram Finance Limited is a Non-Banking Financial Company (NBFC) with a nationwide footprint, providing an array of financial solutions. Manappuram Finance Limited is the one of the largest NBFCs in the gold loan sector in India. In 1995, Manappuram Finance Limited was listed on BSE and has since then diversified beyond gold loans to encompass personal, business, and vehicle loans, catering to the diverse needs of its wide customer base.

Photo: https://mma.prnewswire.com/media/2432959/Satish_Nair.jpg

 

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Aleut Achieves Prestigious CMMI Level 3 Certification in Four Key Domains

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January 9, 2025

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RESTON, Va., Jan. 9, 2025 /PRNewswire/ — Aleut Federal LLC (Aleut) proudly announces it has earned Capability Maturity Model Integration (CMMI) Level 3 certification in four key domains: Development (CMMI-DEV), Services (CMMI-SVS), Security (CMMI-SEC), and People Management (CMMI-PPL). This significant achievement highlights Aleut’s commitment to operational excellence and its ability to deliver high-quality, efficient and secure solutions. It demonstrates Aleut’s strength in optimizing product development, improving service delivery, enhancing security, and aligning workforce management to drive performance and engagement. 

CMMI, developed by the globally recognized CMMI Institute, is a framework for assessing and improving organizational performance. Achieving Level 3 certification affirms that Aleut’s processes are clearly defined, consistently applied, and supported by robust standards, tools, and methodologies. This milestone underscores the company’s ongoing dedication to operational excellence, mitigating risk, and delivering measurable performance success.

“This certification shows our customers that Aleut doesn’t just meet their mission-critical needs – we excel at it,” said Nick Trzcinski, President of Aleut Federal. “We are committed to continuous improvement, innovation, and delivering exceptional value. Aleut is a partner our customers can trust.”

Aleut’s CMMI Level 3 certification enhances its ability to deliver high-quality outcomes across all projects while optimizing efficiency and minimizing risks. Complemented by the company’s ISO 9001 certification for quality management, these achievements reinforcing Aleut’s adherence to internationally recognized standards, solidifying its position as a reliable and innovative partner for federal clients.

To read Aleut Federal’s CMMI Appraisal, click here.

ABOUT ALEUT FEDERAL
Aleut Federal LLC, a holding company within The Aleut Corporation’s federal services portfolio, is an Alaska Native-owned enterprise delivering vital services to the U.S. government across four primary sectors: Technology, Mission Support, Environmental, and Construction. Established under the Alaska Native Claims Settlement Act (ANCSA) of 1971, The Aleut Corporation is one of 12 regional Alaska Native corporations. Aleut Federal’s subsidiaries, including Small Business Administration (SBA) certified 8(a) program participants and Small Disadvantaged Business (SDB) entities, bring specialized capabilities to meet the diverse needs of federal agencies.

By achieving CMMI Level 3 certification, Aleut Federal strengthens its standing as an industry leader, driving performance excellence while delivering mission-focused solutions with unmatched quality and efficiency.

Contact:
Berlyn Martin
Aleut Federal, LLC
Phone: 276-244-3319

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Lowell Observatory Scientists to Present New Research at American Astronomical Society Winter Meeting- Including New and Unexpected Insights on Planet Formation

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47 minutes ago

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January 9, 2025

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Lowell Observatory researchers will join more than 3,000 astronomers at AAS245 in Maryland from January 12-16, 2025

FLAGSTAFF, Ariz., Jan. 9, 2025 /PRNewswire/ — The American Astronomical Society’s winter meeting is the largest annual gathering of astronomers in the United States, and Lowell Observatory will be well-represented this year. Executive Director Dr. Amanda Bosh and Director of Science Dr. Gerard van Belle—both of whom just stepped into their positions—lead a contingency of more than a dozen scientists and support staff attending the meeting.

Lowell Observatory will be in attendance at Exhibitor Booth 521, with its astronomers, postdocs, predocs, and other researchers available to discuss their latest science research. Of particular note, Postdoctoral Fellow Taylor Kutra will share unexpected new ways planets may form, based on a study of a binary star system in Taurus that she leads. Kutra will present her findings during both a Tuesday (January 14) science session and Thursday (January 16) press conference.

Other Lowell Observatory scientists will present on topics including comets, asteroids, the Sun and Sun-like stars, exoplanets, a variety of star types, dwarf irregular galaxies, and space-based interferometry.

Bosh says, “The winter meeting of the AAS is a critical opportunity for astronomers at all stages of their careers to share their latest research and interact with colleagues from around the world. Lowell Observatory is pleased to send a strong contingency of our science team to actively participate in this year’s meeting in National Harbor.”

Media are welcome to attend AAS245 in person. A limited virtual attendance option is also available, with live access to press conferences, plenary talks, select town halls, and a virtual oral session. See https://aas.org/meetings/aas245/press.

AAS245 website: https://aas.org/meetings/aas245

AAS245 Presentations by Lowell Observatory Scientists: Full Schedule Here

About Lowell Observatory
Founded in 1894, Lowell Observatory in Flagstaff, Arizona, is a renowned nonprofit research institution. It is the site of historic and groundbreaking discoveries, including the first evidence of the expanding universe and the discovery of Pluto. Today, Lowell’s astronomers utilize global ground-based and space telescopes, along with NASA spacecraft, for diverse astronomical and planetary science research. The observatory hosts over 100,000 annual visitors for educational tours, presentations, and telescope viewing through a suite of world-class public telescopes.

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SOURCE Lowell Observatory

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CRTC consults on market dynamics within Canada’s broadcasting system

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47 minutes ago

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January 9, 2025

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OTTAWA, ON and GATINEAU, QC, Jan. 9, 2025 /CNW/ – Today, the CRTC is taking another step forward to implement the modernized Broadcasting Act (the Act) by launching a public consultation on market dynamics within Canada’s broadcasting system.

Through this consultation, the CRTC will explore the dynamics between small, medium and large broadcasters, television service providers and online streaming services. The goal is to help ensure that Canada’s broadcasting system is sustainable, fair and competitive.

The CRTC is welcoming comments until February 24, 2025. Interested persons can participate by:

filling out the online form;writing to the Secretary General, CRTC, Ottawa, Ontario K1A 0N2;sending a fax to 819-994-0218.

As part of this consultation, the CRTC will hold a public hearing starting on May 12, 2025.

All comments will form part of the public record and will inform the CRTC’s decision.

The launch of today’s consultation follows a number of recent actions the CRTC has taken to implement the modernized Act. To find out more, check out the CRTC’s regulatory plan.

Quick facts

The CRTC is an independent quasi-judicial tribunal that regulates the Canadian communications sector in the public interest. The CRTC holds public consultations on telecommunications and broadcasting matters and makes decisions based on the public record.First Nations, Inuit, and Métis peoples and Indigenous organizations requiring assistance submitting comments, including oral interventions, can contact the CRTC’s Indigenous Relations Team.

Associated links

Participate in the consultationRegulatory PlanModernizing Canada’s broadcasting framework

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SOURCE Canadian Radio-television and Telecommunications Commission

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