Indicus Foundation is a highly regarded change-maker. It was set up in 2011 and builds on the heritage of Indicus Analytics known globally as India’s premier research and analytics firm. Indicus seeks to catalyse change towards a more inclusive and sustainable world. It does so by building common spaces of well-informed dialogue and conducting a range of activities aimed at a three-pronged approach of better monitoring, greater knowledge, and improved understanding. This is done through newsletters, workshops, analytical reports, and different forms of digital and monitoring technologies. Indicus brings together inputs and perspectives from highly respected academics, policymakers, thought-leaders, and managers through its deep global networks.


Dr. Sumita Kale, CEO and Senior Fellow at Indicus Foundation, is a financial and macro-economist. She works extensively on financial inclusion, leading the Indicus Centre for Financial Inclusion since 2011. She has numerous research publications and opeds in major newspapers. Sumita has an MPhil in Economics of Developing Countries from the University of Cambridge and a Ph.D. in Economics from the University of Pune. She has worked at various reputed institutions such as Gokhale Institute of Politics and Economics, National Insurance Academy, and the Department of Economics, University of Pune. Sumita also has a keen interest in urban environmental issues.

Pranav Kumar is a Senior Fellow with Indicus Foundation, contributing to research and management. Pranav has worked in business advisory and intelligence sector in Asia-Pacific for over three decades. Currently, he also chairs a peer group program for senior business leaders of MNCs with Asia-Pacific remit for IMA Asia. He has worked with Gartner, where he led research in Asia-Pacific for Research Board, Gartner’s service for the technology leaders of the largest and most complex global organisations. Additionally, he was responsible for global research agenda management. In an earlier stint with Gartner, he built the foundations of software research in Asia-Pacific. Pranav has worked for IMA India advising several companies on their India entry strategy and has also done policy advocacy work in several sectors. He also set up and ran a successful peer group for CIOs in India and edited India’s first and leading magazine for CFOs. Pranav has worked with Intel, The Hindu Business Line, IMRB and eGurocool (a pioneer in eLearning). He holds degrees in Economics and Engineering from BITS, Pilani, and an MBA (Marketing) from University of Rajasthan.




Laveesh Bhandari

Dr. Laveesh Bhandari is an empirical economist, environment evangelist, and entrepreneur and focuses his attention almost exclusively on solutions for improving the environment. He is currently President and Senior Fellow at the Centre for Social and Economic Progress. Laveesh has rich published research output to his credit pertaining to sustainable livelihoods, industrial, economic and social reforms in India, economic geography, and financial inclusion. He received his Ph.D. in economics from Boston University for which he was awarded the Best thesis in International Economics. He has taught economics at Boston University and IIT Delhi, has been the managing editor of the Journal of Emerging Market Finance, and worked at the National Council of Applied Economic Research (NCAER), New Delhi. He has built, seeded, and exited three companies in the research, analytics, and digital domain.


Deepak Maheshwari

Deepak Maheshwari is a Delhi based consultant and researcher with a keen interest in the interplay of public policy, technological innovation, and socio-economic development.

He is Senior Visiting Fellow at Indian Council for Research on International Economic Relations (ICRIER), Advisor at the Indicus Foundation and Advisory Board Member of Software Freedom Law Centre ( Earlier, he led the public policy function in Microsoft, Mastercard, Symantec, and Sify for over two decades across India, South Asia, ASEAN and China.

A strong believer in the transformative power of public private partnerships, he co-founded the National Internet Exchange of India (NIXI) and the ITU-APT Foundation of India. He has also served as Global Chair of the IEEE Internet Initiative, elected Secretary of the ISP Association of India (ISPAI), CEO of Public Affairs Forum of India (PAFI), Advisory Board Member of the IIM Ahmedabad-Idea Telecom Center of Excellence, Distinguished Fellow at Consumer Unity & Trust Society (CUTS) and Senior Fellow at Centre for the Digital Future (CDF).

A graduate in engineering from Indian Institute of Technology, he also has a degree in law.


Monika Halan

Monika Halan is a trusted personal finance writer, speaker and author who helps families get their money decisions right. She is the author of the bestselling book " Let’s Talk Money ". She is an MA in Economics from the Delhi School of Economics and in Journalism Studies from University of Wales. She has worked across media organisations and run four successful TV series. She is a regular speaker on financial literacy, regulation, inclusion and consumer issues in retail finance. She was an advisor to the Swarup Committee, a member on the Bose Committee, a member on the Task Force of the Financial Redressal Agency and is a member on the SEBI Mutual Fund Committee. She is the author of three published academic papers in the field of household finance. Halan is based in New Delhi and was a Yale World Fellow in 2011.


Nitin Desai

Dr. Nitin Desai is a distinguished economist and sustainable development advocate. Currently, he is the Chairman of the Governing Council at The Energy and Resource Institute (TERI). Dr. Desai was a part of the Planning Commission (1973-88) and served as the Chief Economic Advisor and Secretary in the Ministry of Finance (1988-90). He was also the Senior Economic Advisor for the World Commission on Environment and Development (the Brundtland Commission). He was the Under-Secretary General for Economic and Social Affairs in the UN. He oversaw the creation of the Commission on Sustainable Development in the UN, and was the first Under Secretary General for Policy Coordination and Sustainable Development.


Rakesh Mohan

Dr. Rakesh Mohan is one of the most revered Indian economists and the former Deputy Governor of the Reserve Bank of India. He is the Vice Chairperson of Indian Institute of Human Settlements, before which he held positions of Executive Director of the International Monetary Fund (IMF) and Non-Executive Director of Nestle India. He has been an advisor to many ministries in the Government of India and his report under the Rakesh Mohan Committee on Infrastructure is still considered a landmark document in the evolution of thinking on economic policy issues. He earned his PhD in Economics from Princeton University and has to his credit three books on urban economics and development and numerous other articles.


R Gopalan

R. Gopalan has experience in both government and business sphere. He served in various capacities in the ministry of Finance and Ministry of Commerce. He contributed to the creation of various schemes like Swabhiman for Financial Inclusion, Swavalamban for Insurance for people from the unorganized sector, Central Registry for deduplication of documents of property purchase and establishment of Infra Debt Fund. He was part of government teams in trade negotiations in WTO and FTAs. In Tamil Nadu, he was Chairman of Tamil Nadu Industrial Development Corporation Ltd and TIDEL Park Ltd. Post-retirement, R. Gopalan is serving on the boards of automotive, power, and finance companies. He chairs an Asset Reconstruction Company and Zee Entertainment Enterprises.


Copyright © 2018 - All Rights Reserved
Powered by: Script Technology