Summary
Overview
Work History
Education
Skills
Accomplishments
Additional Information
Affiliations
Key ACHIEVEMENTS
Timeline
Intern

SATYA VENKATARAO VASANTHARAO

LEGAL PROFESSIONAL. WITH SOUND KNOWLEDGE OF WORKING OF FINANCIAL INSTITUTIONS
VISAKHAPATNAM

Summary

Being from a profession in the field of Law and having spent over above three decades in All India Financial Institutions of High Repute, has enabled me to gain vast experience one as a Professional and other as a Corporate executive. This experience in diverse and rich areas has led and transformed me into leadership positions. The Functioning at senior leadership levels has given me great opportunity to acquire skills in the Domain areas of my Legal Discipline as also into the working space of Financial Institutions. In-depth and incisive knowledge in several legal aspects like application of Constitutional principles in different situations, understanding and application of various statutes, analysis of legal provisions, Dispute Resolution areas etc

Dedicated professional with a commitment in meeting company goals utilizing consistent and organized practices. Skilled in working in different situations and adapting to new situations and challenges to best enhance the organizational image

Overview

32
32
years of professional experience
5
5
years of post-secondary education
3
3
Languages

Work History

Deputy Managing Director

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
LUCKNOW
06.2020 - 06.2023
  • Part and Parcel of organizational leadership and board of directors to guide operational strategy and run the business efficiently and profitably.
  • Spearheaded successful business development initiatives aligned with company's strategy and core competencies..
  • This included Financing of Micro , Small and Medium Enterprises, Financing of Non Banking Financial Institutions, Micro Finance Institutions, Monitoring credit quality, Strategising and leading recovery of Non Performing assets by adoption of Innovative methods within the available framework.
  • Led change and transformation across business areas to deliver benefits and align company resources.
  • Introduced new methods, practices, and systems to reduce turnaround time.
  • Implemented process improvement to shape organizational culture, optimize procedures for higher efficiency and help company evolve and grow.
  • Full time Board Level position in Small Industries Development Bank of India
  • Functioned as a Nominee Director on the Boards of some companies in the areas of power,real estate and venture capital etc
  • Functioned in strategic and operational levels in key functions of the Bank.
  • Played a very key and decisive part in leading changes in several critical functions of the Bank.
  • Improved and worked upon several processes, procedures paving the way for an efficient functioning .
  • strived to motivate the teams for achievement of Organisational targets and goals.
  • Enhanced the motivation and morale of the employees through several measures

EXECUTIVE DIRECTOR LAW

IFCI
NEW DELHI
07.2017 - 06.2020
  • Spearheaded the Legal Functions of the Organisation by providing timely and sound Legal Advice to various constituents both in operational and non operational areas.
  • Effectively Handled the Litigation Functions by initiating and defending appropriate litigation strategies from time to time.
  • Finalised the pleadings and involved in briefing senior Legal Counsel.
  • Designed and introduced effective Technological platforms on Legal matters of the Organisation.
  • Ensured that proper and timely compliances are made on several legal and regulatory matters.
  • Demonstrated a high level of initiative and creativity while tackling difficult tasks
  • Assisted with day-to-day operations, working efficiently and productively with all team members.

CHIEF GENERAL MANAGER LAW

IFCI
NEW DELHI
04.2014 - 07.2017
  • Rendered Legal Advisory functions to the various Business and Non Business units.
  • Involved in managing the Human Resource Functions.
  • Appeared before Statutory and Non Statutory Authorities under Different Statutes.
  • Functioned as the Appellate Authority under the Right to Information Act
  • Gained strong leadership skills by managing projects from start to finish
  • Strengthened communication skills through regular interactions with others.

LEGAL ADVISOR

IFCI
NEW DELHI
11.2007 - 03.2014
  • Developed strategies with due adherence to Legal Provisions to meet the requirements of the business.
  • Researched and interpreted laws, rulings and regulations to advise clients on business and legal transactions.
  • Analyzed probable outcomes of cases using knowledge of legal precedents.
  • Developed strategies and arguments for hearings in matters before courts and Tribunals
  • Provided legal counsel to clients on diverse business, financial and civil matters.

Deputy General Manager Law

IFCI
HYDERABAD
04.2003 - 11.2007
  • Collaborated with department heads to attain the business objectives and Goals.
  • Implemented operational strategies and effectively with due emphasis on Legal Compliances in various projects financed.
  • Collaborated with cross-functional teams
  • Maintained effective relations with Advocates, Court Functionaries etc for furthering the Organisational interest

Assistant General Manager Law

IFCI
Benguluru
09.1998 - 03.2003
  • Assisted in the day-to-day operations, specifically handling various legal matters
  • Preparation and Vetting Of Loan Documents, Security Agreements and the like
  • Examination of Legal Documents and initiation of Legal action in case of necessity
  • Ensuring Legal Compliances
  • Submission of Data to various authorities.

Law Officer

Housing and Urban Development Corporation
Hyderabad
06.1995 - 09.1998
  • Handled all Legal matters under the supervision of Senior Executives.
  • Gained Conceptual and working on several legal matters relating to the Organisation
  • Preparation and Vetted Loan and security Documents

Assistant Law Officer

Housing and Urban Development Corporation
Thiruvananthapuram
01.1991 - 06.1995
  • Developed and maintained courteous and effective working relationships.
  • Learned and adapted quickly to the requirements of the organisation
  • Provided professional services and support .
  • Worked well in a team setting, providing support and guidance.

Education

GOLD - M.L

ANDHRA UNIVERSITY
Visakhapatnam
05.1988 - 05.1990

Bachelor of Law - B.L

Nyaya Vidya Parishad Andhra University V
Visakhapatnam
05.1987 - 05.1987

Bachelor of Commerce -

B V K College
Visakhapatnam
06.1980 - 06.1983

Skills

    STRONG ACADEMIC KNOWLEDGE

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Accomplishments

    Registered Consistent Growth in the Loan Book for three Consecutive years dur during my tenure


    Organisation was profitable


    Improved Processes and Procedure in credit delivery


    Led a team of multi disciplines in running the Business units.


    Re worked on several obsolete methods and brought in speed and efficiency in execution

Additional Information

1.Participated in several training programmes , conferences, webinars both within the country and abroad.

2 . Delivered lectures in Professional Institutes.

3. Had Media interactions on several areas during my stint as Executive Director Law and Deputy Managing Director.

4. Provided continuous learning and motivated employees for excellent performance at work

Affiliations

Member of the Bar council of Andhra Pradesh

Key ACHIEVEMENTS

1.Sale of 5 Star Hotel by invocation of Recovery Laws: A five star hotel located at a prominent location was sold under the provisions of the Recovery laws of the land. All the Legal processes both within courts and outside courts were strategised and successfully executed. The ultimate success of this particular project was that the actions of the Lenders were  upheld by the Supreme Court of India in a Landmark and Historic judgement. 


The sale of this asset helped  multiple lenders to recover their dues through a coordinated and collaborative effort.The sale proceeds realised were more than Rs 500 Crore and helped the Lenders in recovering their dues.


Another significant aspect of this project was the swift and quick actions of the team members associated with this project. Timely and prompt filing of relevant applications in courts, briefing the senior counsels, coordinating with other lenders were highly critical to the success of the project.


2. Disposal of Several Employee related matters under the Staff Regulations: As the  Disciplinary Authority and Appellate Authority for Senior Executives , dealt with and. Disposed of several matters by following the due process of Law and the Regulations thereof. This has helped to significantly improve the morale of the employees and has led to their career progression.


3.  Disposal of matters under Right to Information acting in the capacity of Central Public Information officer and  Appellate Authority 


4. Change of Management effected in a Listed company by invocation of the provisions of Companies Act 1956: Prompt initiation of Legal action with due adherence and Compliance of the Companies Act, the Change of Management by removing the Managing Director and Directors was effected in respect of a Listed Company.


5 Obtained favourable injunction orders from courts by acting swiftly in critical matters: In a matter relating  to an unsecured investment of more than Rs 50 Crore made to a Leading Media House, attachment before judgment was obtained resulting in an immediate Recovery of Rs approximately 8 Crore 


6.Initiated, filed and got admitted Insolvency Petitions against Leading and Large Corporate Houses by invocation of the provisions of Insolvency and Bankruptcy code.


7.Handled several matters in courts of law in critical recovery cases by taking possession of assets, putting them to sale, distribution of sale proceeds etc.


8. An equity investment in a emerging and large real estate company was made. Due to non allotment of shares and non compliance with other provisions of the companies Act, legal action was initiated and was able to recover the full investment of nearly Rs 50 Crore 











Timeline

Deputy Managing Director

SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA
06.2020 - 06.2023

EXECUTIVE DIRECTOR LAW

IFCI
07.2017 - 06.2020

CHIEF GENERAL MANAGER LAW

IFCI
04.2014 - 07.2017

LEGAL ADVISOR

IFCI
11.2007 - 03.2014

Deputy General Manager Law

IFCI
04.2003 - 11.2007

Assistant General Manager Law

IFCI
09.1998 - 03.2003

Law Officer

Housing and Urban Development Corporation
06.1995 - 09.1998

Assistant Law Officer

Housing and Urban Development Corporation
01.1991 - 06.1995

GOLD - M.L

ANDHRA UNIVERSITY
05.1988 - 05.1990

Bachelor of Law - B.L

Nyaya Vidya Parishad Andhra University V
05.1987 - 05.1987

Bachelor of Commerce -

B V K College
06.1980 - 06.1983
SATYA VENKATARAO VASANTHARAO LEGAL PROFESSIONAL. WITH SOUND KNOWLEDGE OF WORKING OF FINANCIAL INSTITUTIONS