Our Story
NextRu Livelihoods Private Limited was co-founded by promoters of NEHPL and Nirantara FinAccess Private Limited during FY 2017-18. The company was created to shift Banking Correspondent (BC) operations from Nirantara FinAccess Private Ltd (an NBFC) as per the direction of Reserve Bank of India to separate BC and own asset portfolio.
Nirantara FinAccess was an NBFC-MFI until September 2017. Due to change in strategic direction to diversify, the NBFC-MFI started running down its own-book microfinance portfolio, shifted BC portfolio to NextRu and changed its classification as NBFC. Now Nirantara FinAccess is in the process of launching MSME and Individual Loan Products.
NextRu is a Private Limited Company registered under Indian Companies Act of 2013. The company is expanding rapidly with multiple products and geographies as a BC of banks and financial institutions.
Vision
To become a people-centric last-mile financial services distribution organization
Mission
To provide affordable livelihood skills & financial services to one million customers by 2025
To deliver financial products & services of banks and financial institutions in an efficient manner
Values
NextRu stands for
Empathy, Equality, Innovation & Credibility
Board of Directors
Nagendra V Mali
Director & Chairman of the Board. Founder & Managing Director Navachetana Microfin Services Private Limited (NMSPL).
Nagendra Mali has over 24 years of experience in financial services, livelihood promotion, not-for-profit socio-economic development and education sectors.
Chandrakala N Mali
Non-Executive Director
Social Entrepreneur for more than a decade. Voluntarily involved in developmental works of Navachetana Foundation and Manages Karnataka Public School to bring in positive transformation among lives of rural women and children.

Ullas Mahesh Kooli
Non Executive Director & nominee of NEHPL. A mechanical engineer by profession, has worked in leading multinational companies across various geographical locations of the world. Ullas has over 13 years of software services and financial services industry experience.

Unnikrishnan Janardnan
Non-Executive Director, Chief Executive Officer at Navachetana Microfin Services Private Limited (NMSPL).
Unnikrishnan has over 25 years of experience in commercial banking and microfinance in various leadership levels.
Management Team

Business Head

Head - IT