Anil M: Laying the Foundation to Financial Inclusion | CEOInsights Vendor
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Anil M: Laying the Foundation to Financial Inclusion

Anil M: Laying the Foundation to Financial Inclusion

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Anilkumar M,Founder & CEO

Anilkumar M

Founder & CEO

The Digital Lending market is forecasted to show accelerated growth between 2019 and 2025. The Digital Lending market in India is poised to grow from $110 billion in 2019 to $350 billion in 2023. This will improve the share of the Digital Lending market from 23 percent in 2018 to 48 percent by 2023. This will make the digital lending sector as the highest penetration sector by digital channels in India. The main reasons for the growth are MSMEs, startups, increasing internet & smartphone penetration, push towards digitization, and government reforms.

"Educating them is important with respect to informing the customers on how to get loans, who will get loans, and other aspects. Savensa's solutions are designed to provide low interest personal loans, which makes it an exceptional personal loan service provider"

Financial inclusion has been a topic of discussion since the start of the decade. Underserved, unserved, and excluded segments in the country are already facing the brunt of not having a credit score or even existence in the economy. Amidst this shortfall, a few leaders of vision came forward to fix the gap. These visionaries sought to address the problem at the source, i.e., make the customers ready to apply for loans. Of course, then the processes involved connecting them to the bank and streamlining the loan disbursement process. But with the primary problem addressed, Financial Inclusion did not seem a long short after all. One such visionary that came into the industry in 2014 is Anilkumar M. This is a story of his journey to excellence.

Working his Way Up
Anilkumar did his Diploma in Computer Science from Mysore and looked forward to a descent job in the respective domain. However, as he moved to Bangalore in search of jobs, he came across several opportunities, but none in the computer background. He was offered a sales executive position for a channel partner of financial products for premiere banks in India. Reluctantly enough Anilkumar took the job. Over a span of 13 years, Anilkumar grew in his career, becoming team leader to team manager, to eventually the Business Head for the firm’s personal loan handles for HDFC Bank.

Having spent considerable years in the organization, Anilkumar moved to Mysore for personal reasons. One of the strongest reasons was his
passion to establish his own venture in his home town Mysore. He had observed that the financial requirements in the tier-II city like Mysore is more than any other tier-I city. It only made sense to cater to the customers in Mysore with his own company. Thus, Savensa Business Solutions was born.

Anilkumar envisions a financial friendly environment for families, businesses and individuals who are seeking unmatched financial opportunities


About Savensa
Savensa Business Solutions is a leading loan service provider with best-in-class turnaround time and support. The firm simplifies the process and prepares a customer to be credit confident within minutes. Savensa’s financial services and solutions are designed keeping customers’ needs in mind. Be it for the personal needs or that of a business, Savensa is making it easier for clients to become financially independent. The mission is to facilitate a seamless loan process for all its customers. With its doorstep solutions, Savensa goes the distance to make its customer’s journey fruitful.

Anilkumar’s sheer commitment toward simplifying lives through smart financial solutions speaks volumes. With over a decade of experience in various Private Sector Banks & NBFCs, Anilkumar envisions a financial friendly environment for families, businesses and individuals who are seeking unmatched financial opportunities.

Savensa’s team of young enthusiasts believe in the power of financial independence. With the cumulative experience, Savensa knows exactly what the customer needs or might need in future, which helps it to provide bespoke financial solutions that are best suited & competitive. “We ensure all this in just a matter of few minutes, because one thing we never compromise on is our turnaround time", affirms Anilkumar.

Savensa started its operations with banks like HDFC Bank, Axis Bank, Yes Bank, IDFC First Bank, Cholamandalam Finance, Bajaj Finserv, Kotak Mahindra Bank, Fullerton India, and Axis Finance within the Karnataka region. In 2019, the company became a private limited firm with 100+ employees, serving pan India customers.

Building Blocks of Experience & Approach
Anilkumar’s prior experience as a
channel partner for HDFC Bank in his previous organization helped him gather a lot of knowledge and information about the industry. This knowledge essentially laid the foundation to a successful start to Savensa. He says, “Financial domain is an ocean, Everyday you get to learn something new everyday is a new start, a new target. How many people we reach each day is a challenge in itself, and as we beat our own target records, we learn something new”.

Savensa serves as a bridge between the customer and the bank. Primary approach involves educating customers instead of make sales & marketing. Educating them is important with respect to informing the customers on how to get loans, who will get loans, and other aspects. Savensa’s solutions are designed to provide low interest personal loans, which makes it an exceptionalpersonal loan service provider. Savensa is associated with only top banks & NBFCs that offer its customers the best financial service available.


Milestones Achieved & Future Perceived
Anilkumar started-off as a sales executive and now heads a fast growing Financial Service Provider company. He cherishes this achievement in life and takes pride in the fact that the firm begun with only 10 employees and now accommodates 100+ employees. In the near future, by the end of 2022, Anilkumar aims to raise the employee head count to 200+.

Anilkumar has been recognized and awarded with 'best channel partner' in the Karnataka region time and again by several banks that Savensa has been associated with. Anilkumar’s success as an entrepreneur has been an inspiring one. He is a leader who does not forget his mentors and the people who have been with him since his journey began. Anilkumar thanks his wife Sushma N, who is also a Director of Savensa, for supporting him and standing by him when he ventured-out as an entrepreneur. She has been a pillar of support, without whom Savensa would not have been a reality. He is sincerely grateful for the support of his father M. Mahadevappa, a retired Government School Headmaster his mother B. Umadevi, and his in-laws alike. He also remembers his teachers or gurus Venkatraju and Sunitha (BSS). Most importantly, he thanks his first employer, V.R. Rajesh of Shreya Financial Services, who taught a great deal about the business and life at large.

Anilkumar has grown with examples and is now setting a few. With Savensa, he is set to transform the loan disbursement scenario for individuals and businesses a like.

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