Sak Abrasives
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Aditya Krishna, Managing Director
Aditya brings with him over 25 years of experience in the banking and financial services industry. He completed his M.A. (Economics) from St. Stephens College, New Delhi and MBA (Finance and Marketing) from Northeastern University, Boston, USA. Later, he worked with Chase Manhattan Bank N.A. New York, USA from 1985 to 1987 and was responsible for cash management products including pricing decisions, institutional sales and handling large corporate customers. With Citibank, from 1987 to 1990 as a member of the business analysis team of the credit card division he handled insurance products. From 1990-1995, as the Vice President – Credit Director & Financial Controller, he established Citibank’s credit card business in India.
He then went on to start Nationwide Finance Ltd. and was the Managing Director of the company from 1995 to 2001. He grew the company to a balance sheet size of Rs. 25 crore ($6.25 million) and profits of Rs. 3 crore ($0.75 million) with a national distribution network specializing in credit processing, account management and collections. In the year 2003 he sold the company to Citigroup and it is now called Citifinancial Consumer Finance Ltd., and is the market leader in small ticket lending as a part of the global finance arm of Citigroup.
He was also a director in Widia (India) Ltd. from 1991 to 2002 as a member of the founding group and has been the Managing Director of Sak Abrasives Limited since it was founded in 1997.
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