Anup Gupta
(Company Secretary)
Message from the Management
Dear Chaitanya Family,
At the outset, I congratulate you all for yet another successful financial year. We continue to grow stronger with every passing year. Chaitanya continues to emerge as the fastest-growing NBFC-MFI. This achievement is a result of our unwavering commitment to quality and the highest standards of corporate governance practices.
I joined Chaitanya as the Company Secretary & Compliance Officer in the month of December 2020. The financial year 2020-21, was still marked by the ongoing recovery from the Covid-19 pandemic. Despite the unprecedented challenges that we faced, the financial performance that year was laudable. As we conclude the financial year on March 31, 2023, Chaitanya continues to reach new heights due to our unwavering adherence to our six core values: Fairness, Learning, Meritocracy, Transparency, Respect, and Discipline. These values are deeply ingrained in our policies and procedures, which in turn drive the dedication and performance of our workforce.
Personally, and professionally, my journey at Chaitanya has been one of growth and development. I firmly believe that growth is the only constant in life, and our relentless pursuit of excellence remains our primary objective. Let us continue to strive for greater achievements in the future, guided by our core values and commitment to good corporate governance practices.
Milestones Achieved
"Where there is a stepping stone, there is a milestone”
As an organization, we have been working hard to convert every stepping into an admirable milestone. Our exceptional performance this quarter is a testament to our collective efforts.
Presenting a glimpse into the significant milestones achieved from January 2023- March 2023
Exploring Boundaries
Highlights of Field Townhall
The field town hall was conducted on January 7th 2023 for all the employees across the organization from the head office in Bangalore, which was streamed online. The key takeaways that the leaders of Chaitanya emphasized were as follows:
Exceptional performance last quarter - Our organization has achieved exceptional performance in the microfinance industry in the last quarter. With a presence in 12 states, we boast a commendable loan repayment rate. It is crucial for us to establish robust processes to sustain this success.
Emphasis on Efficiency and Productivity - We as an organization prioritize the welfare of our employees and strive to create a work environment that promotes a healthy work-life balance. To enhance our services, we have implemented the Zendesk platform and more such initiatives are underway. Consistent efforts continue to ensure our field team receives the best possible support.
Safety first approach - As travel is inherent to our work, it is imperative that we emphasize adherence to speed limits, wearing helmets, and driving safely be it a two–wheeler or four-wheeler vehicle. Let us remember the importance of responsibility and prioritize the well-being of ourselves and our families.
Check on unwarranted habits - In alignment with our commitment to well-being, we discourage excessive indulgence in smoking, drinking, or online gambling habits.
We as an organization strive to ensure equal opportunities for growth within the organization. Our focus remains on fostering efficiency and productivity within the organization and our paramount concern is the safety and well-being of our employees.
Kaleidoscope of Holistic Development Efforts at Chaitanya
Chaitanya places a strong emphasis on fostering continuous learning and personal growth through our comprehensive learning and development programs. We firmly believe in the importance of holistic well-being. Therefore, all of our training programs include dedicated physical and mental wellness sessions. Following are some of the ravishing glimpses of the last quarter:
Induction Training-Gorakhpur
Induction Training- Ambala
TOT Training- Pune
LDP Training-Karnataka
CRE Induction Training-MH
Refresher Training-Raigarh
Induction Training-Gujarat
Induction Training-Udaipur
Classroom Training-Dharwad
Induction Training-Kolhapur
POSH Training-Bangalore
CRE refresher training - Meerut
5 Years with Chaitanya
Congratulations on completing 5 years with Chaitanya. We value your association and wish you more success and great experiences in the future
Bihar
Gaya
C3573 - Updesh Kumar
C3574 - Arjun Kumar
C3575 - Chandan Kumar
C3582 - Ajit Kumar
C3696 - Bhola Kumar
Darbhanga
C3453 - Santosh Kumar
Lakhisarai
C3581 - Kaushal Kumar
Patna
C3709 - Vishal Kumar
Maharashtra
Jharkhand
Uttar Pradesh
Kolhapur
C3469 - Prashant Uttam Pawar
C3570 - Rupesh Sunil Kamble
Solapur
C3476 - Sachin Arjun Dhimdhime
C3566 - Sikandar Lahu Suryawanshi
C3656- Sajid Jainoddin Pathan
C3665 - Bite Sandip Atmaram
Daltonganj
C3578 - Jay Prakash Paswan
Gorakhpur
C3452 - Rahul Kumar
Karnataka
Bangalore
CR0014 - Akshatha Padival
CR0016 - Maharshi Rituraj
Davanagere
C3645 - Ashok kumar
Haveri
C3689 - Ramesh Kallappa Dodmani
Hospet
C3446 - Kumbar Basavaraj
C3448 - Thippeswamy Obanna
C3521 - Sharanappa Veerappa Madar
C3530 - Sangappa
Lingasugur
C3490 - Basava Raj
C3635 - Allappa
Mysore
C3695 - Sanket I Golasangi
Shivamogga
C3504 - Prakasha Naik N
C3506 - Shivakumar L R
C3686 - Manjunath Shetavaji Munavalli
Vijayapura
C3623 - Shekhappa
C3693 - Shreeshail Agoji
Departmental Spotlight
This space intends to give a sneak peek at the various departments of our organization. In this feature, we have spotlighted our Training department.
Trainings are designed to help organizations optimize employee performance. Enhancing an employee’s knowledge and skills is imperative for any organization. It provides a visible positive impact not only on an employee’s performance but also on the organization’s overall performance as well.
This is a source of motivation to bring interactive and beneficial learning modules for the employees that not only improve their technical skills but also enhance their overall personality. Following are some of the trainings that are taken up at Chaitanya for our employees :
Synergy Training (for all the Regional, Cluster, and Zonal Function Managers @ Head Office)
Train the Trainer
Leadership Development Program (for UM's)
Induction
Refresher Training (support department and operations team)
First Time Manager's training
Low-performance CRE training by UTM’s
Low-performance ABM/BM training by RTM's
Training implicitly motivates employees to perform more efficiently. An increased engagement, drives productivity. Towards this objective, in Chaitanya, we have an aplomb training team of about more than 90 members in the Head Office and field.
To optimize employee performance, there is an ever-increasing emphasis on learning and upskilling. To train our employees from the grass root level, the focus is to give improved training support to Customer Relationship Executives (CREs) and Branch Managers (BM’s) of our organization.
Through Chaitanya’s Eyes
Creating a long-term meaningful impact in the lives of our customers is our guiding light. At times to inquire about the well-being of our employees at the branch as well as our customers, we are habitual of visiting our branches across the nation. Thus, on a bright sunny day, a team from the Head office of Chaitanya from Bangalore set out for a field visit. The journey was to the Kunigal branch, famous for its horses. The town had pastures laid over calming to the senses was the greenery around which made the journey a respite from the maddening crowd of Bangalore.
Here’s an excerpt from the account that was shared with us by one of our teammates (who wishes to remain anonymous) who attended one of the GRT sessions at the field:
"There are almost 7 women potential customers of Chaitanya here for the GRT, attending the session. The place that we are in is shady but the smiles, hopes, and aspirations of these young women are commendable. In their daily routine, with Chaitanya, they find a silver lining in the cloud that helps them fight their daily struggles and hope for a better tomorrow.
There is no electricity, and in the small room, they have a cat and a rabbit also attending the session. Amidst the chaos, however, is a light of hope which ignites the many dreams that these young women have. There is a girl who has brought her child to the meeting. The child is constantly troubling her, still, she manages in some way or the other to show the world that she got wings to fly with Chaitanya.
In every woman here I see a manager who is willing to do all that it takes to have the life she aspires of. There are dreams, sacrifices, love, and dedication that I see in their eyes. Early morning without even having breakfast these wonderful women are here to grab this beautiful opportunity that Chaitanya offers them.
Wish they achieve what they are willing to work hard for. I am sure their journey with our organization will be fulfilling!"
Rajendra C Nandgwali
Regional Manager, Solapur
Fitness Enthusiasts of Chaitanya
As an organization, we place great emphasis on promoting the health and well-being of our employees by fostering a healthy work environment. Introducing a new segment in our Newsletter which celebrates the remarkable fitness journeys of our employees in this space. Follow along as we share the inspiring story of Rajendra C Nandgwali, Regional Manager, Solapur about dedication, perseverance, and pursuit of a healthier and stronger lifestyle. Get ready to be motivated, encouraged, and inspired to embark on your own path to fitness success.
Welcome to our fitness adventure!
Hi, I would like to share my fitness journey with the Chaitanya family. I weighed around 97 kgs when I started my journey towards a fit lifestyle. Today, I proudly say that I weigh below 80 kg. The wellness group of Chaitanya introduced me to the importance of remaining fit. I joined Chaitanya in the year 2016 – since then I was a part of the wellness WhatsApp group of Chaitanya.
I don’t use any fancy equipment or go to the gym, it was in August 2016, that I started walking and exercising regularly, motivated by our organization's WhatsApp group and our wonderful leaders – Anand Sir and Ganesh Sir. Each and every meeting that we had with Anand Sir, began with questions pertaining to fitness. I was not a Fitness enthusiast, however, I used to post my workout pictures in our aforementioned wellness group. Just 1 like on my picture from Anand sir, motivated me every day to be steadfast on this fitness journey.
Once Anand sir came to our branch, I had a chance to have lunch with him. I saw that he only took a cup of rice and some lentil (dal) curry with it when he could have had a sumptuous meal. I was intrigued. He continued and said that to be fit you need to give importance to your diet as well. And that walking and exercising are not enough. Since then, I have remained mindful of my eating habits too. I do not have coffee or tea and avoid sugar completely. I resort to jaggery for my sugar cravings and encourage my colleagues, friends, and family to avoid sugar and consume jaggery instead. In these 7 years with Chaitanya, I have tried to maintain my weight below 80 kg.
My routine consists of 20 minutes of non-stop running and 25 minutes of walking along with 15-20 minutes of exercise – which includes yoga and meditation 4 to 5 days a week. People ask me what motivates me to continue this fitness journey, I say it’s my sweat that oozes out during workouts that motivates me.
I even make use of my leisure time watching motivational videos from Sunil Shetty, Katrina Kaif, and such fitness enthusiasts who always post motivational videos and posts mostly about fitness.
I would like to assert here the old adage “health is wealth”. I have found my reasons to be a healthy person. I hope my journey motivates you too to live a healthy lifestyle like me.
Through this communication, we aim to establish a regular channel of contact with you. Our purpose is to keep you updated on the latest developments within our organization on a quarterly basis. The Corporate Communications team expresses its gratitude to all our fellow colleagues who continuously share their journey @Chaitanya with us.
If you have something interesting to share, such as pictures of your team's activities, an intriguing story from a field visit, an encounter with an exceptional customer, or even a thought-provoking article you came across, we encourage you to reach out to us at communication@chaitanyaindia.in. We eagerly anticipate more contributions in the future.