Summary
Overview
Work History
Education
Skills
Publications
Timeline
Generic
Mohammad Mustafa

Mohammad Mustafa

Noida

Summary

Visionary IAS officer (1995 batch) and executive leader with 29+ years of expertise in public policy, financial services, strategic planning, and operational excellence. Proven track record of revitalizing underperforming institutions, designing landmark policies, and driving financial inclusion and venture capital innovations. Key contributor to India's financial reforms, including PSB revamp, demonetization, and MSME credit solutions.

Overview

11
11
years of professional experience

Work History

Principal Secretary, Public Enterprise Dept.

Govt. of U.P.
09.2021 - Current
  • Spearheaded reforms in industrial practices, credit flow enhancement, and operational streamlining for public enterprises
  • Introduced modern governance mechanisms, driving efficiency and transparency across departments

Labour Commissioner

Govt. of U.P.
09.2020 - 09.2021
  • Introduced e-Courts and the Labour Startup Policy, modernizing legal frameworks and simplifying compliance for enterprises

Chairman & Managing Director

Small Industries Development Bank of India (SIDBI)
08.2017 - 08.2020
  • Transformed SIDBI into a leading MSME-focused financial institution, achieving a 2.4x growth in loan book to ₹1.65 lakh crore and doubling net profit to ₹2,400 crore
  • Launched innovative digital lending platforms, improving access and delivery for small enterprises
  • Enhanced governance with robust risk management, reducing Gross NPAs from 0.94% to 0.63%
  • Achieved a 50%+ customer growth in FY19–20 through strategic diversification and product innovation

Chairman, SIDBI Subsidiaries (RXIL, CGTMSE, NCGTC, SVCL)

SIDBI
08.2017 - 08.2020
  • Pioneered the Emergency Credit Line Guarantee Scheme (ECLGS), benefiting 45,000+ MSMEs with ₹2.2 lakh crore in loans
  • Digitized guarantee processes under CGTMSE, enhancing ease of access and approvals by 52% YoY
  • Directed strategic growth for SIDBI Venture Capital Ltd., redefining fund selection and monitoring processes

Joint Secretary

Ministry of Finance, Govt. of India
03.2014 - 08.2017
  • Formulated and implemented the 'Indradhanush' policy to revitalize public sector banks, addressing NPAs and capital adequacy challenges
  • Coordinated demonetization operations, ensuring cash flow stability across urban and rural regions
  • Instrumental in adopting the Marginal Cost of Funds-based Lending Rate (MCLR), increasing transparency in loan pricing

Managing Director & CEO

CERSAI
04.2016 - 12.2016
  • Implemented the Central KYC Registry, transforming inter-usability of KYC records across financial regulators

Chairman & Managing Director

National Housing Bank (NHB)
05.2014 - 07.2015
  • Led housing finance reforms, integrating affordable housing initiatives with national financial systems
  • Collaborated with World Bank and DFID, leveraging ₹50 million in grants for housing development across 8 states

Education

Ph.D. - Management (Venture Finance)

01.2022

M.A. - Philosophy

University of Meerut
01.1989

B.A. -

Christ Church College
Kanpur
01.1987

Skills

  • Strategic Leadership
  • Policy Formulation
  • Financial Inclusion
  • MSME Development
  • Venture Capital
  • Fund Management
  • Public Administration
  • Governance
  • Risk Management
  • Compliance

Publications

  • Demystifying Venture Capital: Insights from Top 25 Venture Funds in India, Simon & Schuster, 2020
  • Angel Investing, Palgrave, 2012
  • The Journal of Private Equity: Venture Capital Landscape in India, 2019
  • Review of Finance and Banking: Determinants of Venture Capital Investment in India, 2021

Timeline

Principal Secretary, Public Enterprise Dept.

Govt. of U.P.
09.2021 - Current

Labour Commissioner

Govt. of U.P.
09.2020 - 09.2021

Chairman & Managing Director

Small Industries Development Bank of India (SIDBI)
08.2017 - 08.2020

Chairman, SIDBI Subsidiaries (RXIL, CGTMSE, NCGTC, SVCL)

SIDBI
08.2017 - 08.2020

Managing Director & CEO

CERSAI
04.2016 - 12.2016

Chairman & Managing Director

National Housing Bank (NHB)
05.2014 - 07.2015

Joint Secretary

Ministry of Finance, Govt. of India
03.2014 - 08.2017

Ph.D. - Management (Venture Finance)

M.A. - Philosophy

University of Meerut

B.A. -

Christ Church College

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