Dvara KGFS Appoints Ramaswamy Subramanian as Deputy CEO
Dvara Kshetriya Gramin Financial Services (Dvara KGFS), a prominent Non-Banking Financial Company (NBFC) specializing in deep rural financial inclusion, has announced a significant expansion of its leadership team.
The organization officially appointed Ramaswamy Subramanian as its new Deputy Chief Executive Officer, effective December 29, 2025.
The appointment marks a strategic “homecoming” for Ramaswamy, who previously served as the company’s Chief Product Officer.
His return comes at a critical juncture as Dvara KGFS aggressively scales its “omni-channel” model across 11 Indian states, aiming to bridge the credit gap for over half a million rural households and micro-entrepreneurs.
CEO LVLN Murthy welcomed the appointment, stating that Ramaswamy’s strategic insight into customer-centric delivery will expedite the mission of enabling long-lasting financial well-being.
This leadership change occurs as the company manages an Assets Under Management (AUM) of approximately ₹2,000 crore.
Simultaneously, the firm is navigating a post-pandemic recovery phase characterized by a strategic shift toward micro-enterprise loans.
Ramaswamy Subramanian’s Professional Journey and Educational Qualifications
Ramaswamy is a veteran of the Indian financial landscape, bringing over 30 years of multi-disciplinary experience.
His career spans the BFSI (Banking, Financial Services, and Insurance) and Consumer Loyalty sectors, where he has managed diverse portfolios including Product Management, Digital Transformation, and Sales & Distribution.
Professional Highlights:
- Prior Roles: He most recently served as the Chief Product Officer at Karnataka Bank, where he led the digital interface enhancement and process alignment. He also held leadership positions at Suryoday Small Finance Bank.
- Legacy Institutions: His pedigree includes impactful stints at HDFC Bank, Global Trust Bank, Reliance Mutual Fund, and Reliance Capital.
- Specialized Expertise: He contributed to the insurance sector through IndiaFirst Life Insurance and explored consumer behavior at AIMIA, a global leader in loyalty programs.
- Entrepreneurial Spirit:Beyond corporate roles, Ramaswamy has also successfully ventured into entrepreneurship within the digital lending space.
Educational Background: He holds a Master’s degree in Management Studies (MMS) with a specialization in Finance from Mumbai University (specifically the K. J. Somaiya Institute of Management).
His academic grounding in finance and three decades of field experience provide a powerful combination of skills.
These qualifications equip him to lead the “science-as-a-service” approach that Dvara KGFS is currently adopting.
About Dvara KGFS (Dvara Kshetriya Gramin Financial Services)
Dvara KGFS is registered with the Reserve Bank of India as a Middle Layer NBFC.
It operates using the unique “Kshetriya Gramin Financial Services” model, which translates to Regional Rural Financial Services.
The firm serves as a vital bridge for the “unbanked” segments of society.
Dvara KGFS is backed by high-pedigree investors like Leapfrog, Accion, and the German investor Sparkassen.
This support ensures a robust capital position, with a Tier I Capital Adequacy Ratio (CAR) of 17.5% as of March 2025.
The company continues to pioneer wealth management for rural India through its “Plan, Grow, Protect, and Diversify” (PGPD) framework.
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