Northern Arc Capital is a platform in the financial services sector set up primarily with the mission of catering to the diverse credit requirements of uder-served households and businesses by providing efficient and reliable access to debt finance. Registred with the RBI as a systemically important, non-deposit taking non-banking finance company ("NBFC"), they have been operating in the financial inclusion space for over a decade with a business modal diversified across offerings, sectors, products, geographies and borrower segments.

Their focus is on providing access to credit to underserved households and business directly and indirectly through their Originator Partners. Their business model operates with a robust risk management framework that uses a combination of proprietary quantitative data analytics and qualitative field-level insights that aids credit assessment and monitoring.

Their integrated technology system called 'Nimbus by Northern Arc' ("Nimbus") enables them to do this efficiently at scale.

Mr Jagadish Babu Ramadugu comes with more than 2 decades of leadership & professional experience in diverse sectors of Financial Services, Rural Marketing, Consumer Durables, FMCG & Retail Management.

Prior to co-founding Pragati Finserv, he was Co-founder, MD&CEO of VAYA Finserv, a NBFC - MFI headquartered in Hyderabad, which provided access to credit to nearly a million rural and semi-urban low-income clients. He got in place a Technology-led robust scalable model and led a passionate team with unmatched experience in financial inclusion, which defined VAYA as a reputed NBFC - MFI within 5 years of incorporation.

During this period, he was also the Board Member & Chair for Credit Bureau Task Force of the MFI Industry body ie Microfinance Institutions Network (MFIN)

A serial entrepreneur driven by technology & innovation, he was also the Co-founder & CEO of Blueberry Foods.

A BTech with PGDM from IIM Ahmedabad, he worked with Asian Paints, The Coca Cola Company, Spencer's Retail at senior positions, before venturing out as an entrepreneur.

Passionate about social causes, he is closely involved as founder trustee since 2010 of a Charitable Trust which manages "Sparsh Hospice Center" caring for terminally ill persons in a peaceful and serene environment.