Page 35 - Top 10 India's Financial Startup 2019

retailers chain. Coming years,
mahagram would have 3 lakh
retailers, 5000 pin codes covered
and min 1.5 lakh families covered
under some savings or insurance
schemes. We have been working on
traditional ways of doing inclusion
programs for the needy poor
financial excluded families and
the unemployed youth individuals
in the unrecognized part of the
Bharat. We firmly believe in
“Change being the only constant”,
so we strive for constant changes
in everything we do, for that we are
constantly involved in innovation
and ideation, we want to get the
best services connecting Indian
rural to mainstream finances, and
e governance this will eventually
help the Ignored section of the
society and the benefits that the PM
is offering to that section reaches they started Mahagram payments we were new entrants, Our CEO
them. We also planning to foray Pvt ltd co. tells us of the time when they have
struggled to get appointments.
into other correlated business He plays a pivotal role in taking But with a vision to succeed, good
modules the company from a mere start advice from the board of directors
Lack of Organization in the up to the present stage where and clarity in what the road plan
the company is risen in number
Industry of reach from a 3000 to 20000 ahead, which came to the rescue,
Industry is Not Organised, although retailers and at least 150 Odd today we are one of the strongest
there is regulation, but as of today partners companies to reckon with in the
the regulatory boards are calling Industry.
the shots and not always which Mr Singh has now taken the onus
of growing the business in North
are in favour of this industry, India and has stationed himself
also too many small players who in Lucknow where he has set up
are undercutting in market and
eventually devaluing the industry Mahagram office and is helping the
economics, there is no standard company to grow leaps and Bound, • Founded in: 2016
by the passing day, month and year
formula for anything in this format • Founding Members: Ram
The Journey Continues Initial Struggles Tackled Shriram
A. Our Head (FI) an alumni of is a Mahagram started with a vision • Office
of Sashakt Gaon, Saksham Bharat
go getter and a complete salesman and formed a small team of four Locations: Mumbai,
at heart, A hard working person Maharashtra
who has come up working from to five members and then later in • Company Strength: 51-
within the ranks and reached this 2015 we launched eGram as retail 200 Employees
B2B platform for the village level
heights of success. On one of entrepreneurs. The start of journey • Industry : Financial
his journeys he met with a few as in all the cases had its lows and Services
likeminded people and supported
the founder of Mahagram and with highs, the service providers were • Website: mahagram.in
few other top honchos, on board reluctant to join hands with us as

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