top of page

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.


To become a people-centric last-mile financial services distribution organization


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


NextRu stands for

Empathy, Equality, Innovation & Credibility

Our Story
Mission, Vision & Values
Board of Directors

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.

Chandrakala Mali.jpg
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

Management Team

bottom of page