Mi India, a group of entities aiming to create an Indian equity fund for investing in microfinance institutions and social enterprises, has appointed Krishnamurthy Vijayan as co-chairman who will sit on the company’s board.
Mi India makes financial services available to the poor in the under-served regions of India by channelling social investments to its network of microfinance institutional partners.
“I am excited to be a part of this social investment initiative by Mi India. The legacy that Mi India is creating will benefit millions of poor people across the country, helping them achieve economic freedom and improve basic standards of living,” said Vijayan on his new role.
Prior to this appointment, Vijayan was the managing director & CEO of IDBI Asset Management Ltd. He has over 25 years of experience in the mutual fund industry and also worked with other companies like UTI, Jardine Fleming, JM Financial AMC and JPMorgan in various capacities.
Vijayan is an active member of several industry bodies, such as the Association of Mutual Funds in India, FICCI Capital Markets Committee, BSE Index Committee and SEBI Committee on Investor Education. He was a member of the standing committee on AMFI Registration and chairman of the AMFI Working Group on Market Information Bureau.