Mr. S.R. Sinha (Chairman Cum Managing Director) promoted SAIJA with the objective of using his professional experience, knowledge and networking abilities to provide financial services to the poor and underprivileged people who have not been covered by the formal financial system. Mr. Sinha has over 35 years of experience in retail banking, housing finance, and insurance. An alumnus of Faculty of Management Studies (FMS), Delhi University, Mr. Sinha was the founding Managing Director of Maharishi Housing Development Finance Ltd (MHDFL), an NBFC, promoted by the Maharishi Foundation. MHDFL became a very strong player in the first 3 years of its operations with one of the best growth rate in the housing finance sector and a 100% recovery record. Under the innovative and dynamic leadership of Mr. Sinha in less than 4 years, asset under management of MHDFL increased from INR 200 million to INR 1000 million. Subsequently, the portfolio of the company merged with ICICI Bank. Mr. Sinha subsequently worked for Lord Krishna Bank, as Senior Vice President, Retail Assets and as Country Head – Cross Sell with Centurion Bank of Punjab. Six years ago, Mr. Sinha returned to Bihar and promoted SAIJA Consultants Private Limited which became the second franchise office of Reliance Life (out of 50 today) in the country. It was one of the first to achieve INR 30 million worth of business.