Dvara Trust appoints Samir Shah as Executive Vice-Chair

CHENNAI: Dvara Trust (formerly IFMR Trust) announced on Tuesday that it appointed Samir Shah as Executive Vice-Chair.

Samir Shah, currently the Managing Director and Chief Executive Officer of the National Commodities & Derivatives Exchange (NCDEX) in his new assignment will be working with the current portfolio of companies in the trust and will also be work closely with trustees to identify new strategic opportunities.

He said “This group has been the pioneer of financial inclusion in India and will see many more opportunities to grow and fulfill its mission of providing access to financial services to the unbanked.”


Bindu Ananth, Chair of Dvara Trust said, “His expertise & experience of over twenty years in market development, agriculture and scaling operations will be extremely valuable for our companies. I also look forward to Samir’s leadership in building new initiatives that further the mission of Dvara Trust for the second decade of our work”

Dvara Trust (formerly IFMR Trust) set up in 2008, is a private Trust that develops diverse financial services businesses designed to have an impact on financial access. It has promoted three companies to date: IFMR Rural Channels, IFMR Capital & IFMR Rural Finance in addition to its work on policy research. These companies serve 25 million customers and partner with about 130 NBFCs.