Ashish Karamchandani is a Partner at Monitor Group based
After seven years of leading Monitor’s consulting business in India, Ashish founded Monitor Inclusive Markets (MIM) to catalyze market-based solutions to create social change. He has led MIM’s extensive efforts over five years to kick start the low-income ownership housing market representing untapped commercial potential of over $220 billion, working with entrepreneurs, developers, finance companies and major corporates. In 2008, Ashish coled a foundational study of inclusive business models in India, looking at over 300 enterprises cross sectors including healthcare, water, education and livelihoods, culminating in the groundbreaking Emerging Markets, Emerging Models report.
Ashish has a B.Tech from IIT Bombay, a M.S. from Berkeley and a PhD. from Stanford University. With his wife Vibha Krishnamurthy, Ashish also runs Ummeed, a nonprofit organization for children with developmental disabilities.
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Mike Kubzansky is a Partner in Monitor’s National Economic Development and Security (NEDS) practice, and is based in Washington, DC. He is also the Global Head of the Monitor Inclusive Markets Initiative, which focuses on a range of international development issues, but especially innovative market-based approaches to poverty that aim to serve the base of the pyramid (BoP) as customers or engage them as suppliers.
In this work, he has led multiple Monitor projects in:
- Agriculture (in India and Africa, including fertilizer markets, smallholder staple crop farmer market access, agricultural input distribution to smallholders, contract farming, and cash crops)
- Health (in India and Africa, including slum and peri-urban service delivery, distribution of public health goods like condoms and ORS to rural BoP markets, design of an Africa Challenge Fund)
- Water (in India and Africa, including rural and urban water kiosks and household devices to be sold to the BoP)
- Business Process Outsourcing (globally, focused on ability to employ the poor and disadvantaged)
- Mobile-phone based applications for development, especially m-health and m-agriculture
- Other sectors, including energy, financial services, ICT, etc
Mike has led Monitor’s two flagship multisector projects on “Market-Based Solutions” to development challenges in India (2007-08) and Africa (2009-11), which examined over 700 enterprises in search of viable innovative business models to engage the BoP with socially beneficial products and services or in supply chains. Each was a multi-sponsor study and provides insight for practitioners, corporations looking to move down market, sources of aid and philanthropic capital, and commercial investors. The India report was published in 2009 as Emerging Markets, Emerging Models, and the Africa project results have just been launched in May 2011 as Promise and Progress: Market-Based Solutions to Poverty in Africa. Mike has also published on issues of product distribution via microfinance networks (2010) and is co-author of a forthcoming article in Harvard Business Review on corporate participation in BoP markets in the March 2011 edition.
His work has focused heavily on emerging trends and innovation in development over the past decade. From 2002-04 Mike managed the Development Marketplace (DM) program, the World Bank’s flagship global challenge fund for open innovation and ideas from outside the World Bank. Mike initiated the first ever evaluation of DM grants, tripled the number of program grants and countries worked in, and brought in external funding partners for the first time. From 2004-06 as a part of the Bank’s East Asia and Pacific management team he managed the East Asia Regional Innovation Fund, which sought and rewarded Bank staff for original and innovative ideas in development in the Region, funding and tracking five projects in countries from Cambodia to Indonesia. He also served as the East Asia ICT coordinator, working to introduce innovative ICT platforms and approaches into regional lending and activities.
Having returned to Monitor, he has focused not only on innovative business models for private enterprises addressing poverty, but also on innovative funding mechanisms – whether from donors or impact investors – to enable such activity to thrive. In that vein he has led several projects to design Challenge Funds, for the World Bank on urban development issues in India and for USAID on health issues in Africa, and was asked to participate in the final convening at the closure of South Africa’s Shared Growth Challenge Fund. He continues to consult to the World Bank Institute’s innovation program management on their ongoing efforts to catalyze and harness innovation for development.
Mike also worked at Monitor in the 1990s in New York and Johannesburg, leading projects in the telecommunications, transport, professional services, real estate, and health care industries. In Johannesburg he provided day-to-day management of a year-long project for the Ministry of Transport to develop a new post-Apartheid transport strategy in all sectors from airports to container shipping to tertiary rural roads. Prior to rejoining Monitor, Mike spent over five years at the World Bank Group in Washington, DC. His work there, in addition to that described above, included managing a start-up IFC program to promote South-South investment, working as Special Assistant to the Vice President of the East Asia and Pacific Region of the World Bank, participating in key corporate strategy processes for the World Bank, and leading the Development Marketplace (DM) program.
Mike’s first job in international development was in Harare as an advisor to Zimbabwe’s first microfinance fund. He has also worked in the telecommunications industry and in housing finance in the U.S. He earned his MBA from Northwestern University (Kellogg) and an undergraduate degree with honors from Brown University, both in the U.S.
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Amy Lin joined the Monitor Inclusive Markets practice in August 2011 as a Manager, where she leads MIM’s work on developing social enterprise models that provide clean drinking water in low-income, urban communities. Previously, as the HIV/AIDS Program Director for the Clinton Health Access Initiative (CHAI) in Liberia, Amy partnered closely with the Liberian Ministry of Health to create and implement strategic plans that strengthen critical health systems. In this role, she led CHAI’s efforts to raise the quality of HIV services, build an effective pharmaceutical supply chain, and improve pediatric services through a quality of care monitoring system.
Prior to CHAI, Amy spent two years at the Development Marketplace (DM), the World Bank’s innovation program that funds new approaches to providing services for the poor. In addition to supporting these creative service models, Amy helped launch country-specific innovation competitions in Ghana, Mexico and China to address local challenges in starting small and medium enterprises, engaging youth, and fostering community-based organizations.
Before joining the DM, Amy worked with TechnoServe in Peru, advising semi-rural microbusinesses on expansion, marketing, and operational strategies to target new customer segments and enter the capital city of Lima. Earlier, Amy was based in New York with the Boston Consulting Group (BCG), a strategy consulting firm. At BCG, she examined revenue segmentation, organizational structures, and new brand and product opportunities for multinational companies in the pharmaceutical, financial services, and consumer goods industries.
Amy holds an MBA from the Wharton School of the University of Pennsylvania, an MA in International Relations from the Johns Hopkins School of Advanced International Studies (SAIS), and a BA in Political Science from Yale University.
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Alex Wise is a Senior Consultant at Monitor Inclusive Markets, based in Mumbai, India.
Currently, Alex is working on design and pilot of a micro-mortgage demand aggregation model for low income housing; and is supporting efforts to facilitate the increase of affordable housing supply across India.
Prior to Monitor, Alex worked with Booz Allen Hamilton for four years where she primarily consulted the US Federal Government. During this time, she took a leave of absence to work in Italy for a tourism start up company, and in Mongolia and South Sudan as a small business consultant (the later two were both with CHF International, an international development NGO). Alex then transitioned into CHF's headquarters where she supported development programming in Asia. This included time in Afghanistan, on an aid–funded housing assistance program, and in Indonesia, assisting with post-tsunami reconstruction (primarily housing). Most recently, Alex returned to Mongolia during graduate school to work as a Summer Associate with a Mongolian investment bank.
Alex has a Master of International Business (MIB), concentrating on emerging market finance, from The Fletcher School of Law & Diplomacy (Tufts University), and B.A. in History & Political Science from Syracuse University. While at Syracuse, she won the Big East Championship in varsity field hockey.
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Chandrima is a consultant with Monitor Inclusive Markets, and is based out of Mumbai. She is currently working on developing and understanding sustainable business models to provide clean drinking water in low-income urban areas.
Before joining Monitor in March 2012, Chandrima was a Consultant based out of New York, as part of the Financial Services practice at Oliver Wyman. She has advised clients ranging from Retail banks and Wealth management businesses to Oil and Gas majors.
Chandrima has a B.Tech in Computer science and engineering from the National Institute of Technology, Durgapur and an MBA from the Indian Institute of Management Calcutta, where she was awarded several prestigious scholarships and finished in the top 5% of her batch.
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Gary Klaukka is the Chief of Staff for the Monitor Inclusive Markets team. He works with the CEO of the group and serves as his representative to social entrepreneurs, corporations, donors as well as to community and government partners.
Prior to joining Monitor, Gary worked in the UK Parliament for three years, first as a researcher for Baroness D’Souza in her capacity as Convenor of the Crossbench peers in the House of Lords. He did legislative research on bills going through Parliament, coordinated a twinning scheme between European and Zimbabwean parliamentarians and authored a research paper on the role of the Crossbench members in the UK legislative process. In 2010, he played a key role in coordinating the re-election of Glenda Jackson as a Member of Parliament for Hampstead and Kilburn, after which he served as a senior caseworker for her in the House of Commons.
Gary has an MA in Politics, Security and Integration from University College London, and a BA in American Studies and Politics from the University of Sussex. He also spent an exchange year at Georgetown University in Washington, DC.
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Harvey Koh is an Associate Partner in the Monitor Inclusive Markets India practice. Prior to rejoining Monitor in 2011, Harvey was the founding Head of Investment & Performance at Private Equity Foundation (PEF), a $40 million venture philanthropy fund established in London by leading U.S. and European private equity firms, with a focus on getting highly effective social enterprises to scale. Whilst at PEF, Harvey authored Building Powerful Agents of Change: A Perspective from Venture Philanthropy (UK Government Cabinet Office, December 2010) and co-authored Measuring Social Results (PEF, March 2010). Before PEF, Harvey worked with The One Foundation, a pioneering European venture philanthropy fund, and London-based advisors New Philanthropy Capital.
Until 2005, Harvey was a Senior Manager at Monitor based in London. The focus of his private-sector project experience was competitive and growth strategy for clients in a number of industries including airlines, banking, consumer goods, hospitality and life sciences, across northern Europe and North America. During this time, Harvey also led and supported public policy projects on topics including healthcare system reform, national economic competitiveness and business cluster development.
Harvey was born and raised in Malaysia, and speaks English, Malay, and basic Spanish. He has an MA from the University of Cambridge having read law, economics and resource management.
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Kashmira Ranji is an Administrative Assistant based in Mumbai to one of the Associate Partners in Monitor and to the Monitor Inclusive Markets team. She also coordinates MIM’s recruitment and dissemination of its research and knowledge.
Prior to Monitor, Kashmira worked with major Oil companies - Hindustan Petroleum and Bharat Petroleum where she assisted senior management and also worked on the HR Module of SAP R/3 version. At the time of leaving Bharat Petroleum she was Deputy Manager (manpower planning). Kashmira also did a short stint with the British Deputy High Commission.
Kashmira has a degree in BA from Bombay University and a Diploma in Personnel Management from Xavier Institute of Management, Mumbai.
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Kushagra Merchant is a Senior Consultant at Monitor
At Inclusive Markets, he is involved in low-income housing and clean drinking water initiatives. His focus in both of these has been on developing and executing on extensive field building measures as well as on providing cross-functional capacity-building and business model advisory support to social enterprises that are partners of MIM. Prior to joining Monitor, he worked at Accenture primarily across consumer goods and transportation sectors.
Kushagra is has a Post Graduate Diploma in Management (PGDM ) from Indian Institute of Management Calcutta and Bachelor of Engineering (B.E.) from Mumbai University.
His interest is in early stage enterprises and combating ‘arm-chair quarter-backs’.
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Minesh Soni is a consultant in the Monitor Inclusive Markets group. Currently he is evaluating the Unintended Consequences on customers moving into low-income housing. He is also working on demonstrating the benefits of a needs-based approach to policy framing for financial inclusion in India.
Prior to joining Monitor, Minesh worked as a trading analyst at Barclays Capital in London. Minesh holds an B.A. in Mathematics from the University of Cambridge.
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Naina Subberwal Batra
Naina has a Master's degree in Industrial and Labor Relations from Cornell University, and a Bachelors degree in International Relations and Economics from Mount Holyoke College, USA. She also has a diploma in Economics from the London School of Economics.
Naina Batra leads Monitor Inclusive Markets’ recruitment initiative. She also handles all public relation and dissemination related activities for the team.
Prior to joining Monitor, Naina worked in HR with Citibank in Mumbai, and with KPMG's consulting practice in Dubai. She has also worked as an HR consultant with Resource Management Technologies, a startup providing HR advice to a wide range of companies. Naina also runs her own art gallery specializing in contemporary Indian art from Bengal.
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Nidhi Hegde is a Senior Consultant at Monitor and is based in Mumbai, India. She is a part of Monitor Inclusive Markets.
Nidhi has worked on projects in various sectors pertaining to inclusive markets, notably housing, impact sourcing, impact investing and financial capability building in India. She has most recently been involved as a member of the core team on a study on the role of philanthropy in building inclusive business and a study on the business case for providing financial capability training. She is also working on a monitoring and evaluation project to study the ‘unintended’ consequences, both positive and negative on customers of the model of low income housing promoted by Monitor Inclusive Markets.
Prior to Monitor, Nidhi worked as a Product Manager with Ujjivan, a microfinance organization based out of Bangalore. At Ujjivan, she worked on developing and implementing a multi-intervention program targeting the urban ultra poor to enable them to break out of the cycle of extreme poverty. Before that, she spent two years with the Risk Advisory Services division at Ernst & Young in New York where she primarily worked with the derivatives valuation group.
Nidhi has a B.S. in Commerce in finance and marketing from the McIntire School of Business at the University of Virginia.
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Riti Karnad is a Senior Consultant in the Monitor Inclusive Markets Practice. She joined the Monitor Group in 2008 and worked with the commercial practice on a variety of projects for two years, including - advertising strategy for a large print media firm, entry strategy for a logistics company, growth diagnostic for a retail outlet and fertilizer supply chain intervention in Africa, amongst others.
She joined Monitor Inclusive Markets in October 2010 and during her time with the team, has worked in several fields. For more than a year, Riti worked on a project to provide purified drinking water to low-income, urban communities. Currently, she is working on assessing the potential of demand-driven solutions like micromortgages as a vehicle of financial inclusion and is also involved with MIM's ongoing low-income housing initiative.
Riti has grown up and schooled in New Delhi, India. She secured a Bachelors degree in Economics from Lady Shri Ram College, Delhi University and then went on to read for the MA in Economics at the University of Cambridge, UK.
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Sandeep Nair is a consultant with the Monitor Inclusive Markets team in Mumbai. Currently he is working on developing a solution for providing safe drinking water in urban slums through decentralized water filtration plants. Previously, Sandeep worked with the head of the practice as his representative, as well as on MIM's work in housing finance for low income households.
Prior to Monitor, Sandeep has worked with an equity and debt fund focusing on microfinance in India, a mobile technology startup, and Capgemini working primarily with clients in Financial Services. Sandeep has an undergraduate degree
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Smarinita Shetty is a senior practitioner at MIM and leads the unit’s Impact Sourcing initiative. Prior to this she was a core member of the affordable housing team with direct responsibility for facilitating the increase of housing supply and managing relationships with signature clients.
She has over 15 years of experience leading and managing functions across operations, sales and business development, largely in start-up environments. Prior to joining Monitor, Smarinita was Vice President at JP Morgan where she managed the firm's investment banking research operations in Mumbai. Prior to JP Morgan, she co-founded Netscribes, a third party research outsourcing firm, and was responsible for setting up the firm's US sales office, its research operations in India, and fundraising. She subsequently went on to become actively involved with Magic Bus, a non-profit that works with at-risk children in Mumbai.
Smarinita has a BE in Computer Engineering from the University of Mumbai and a Masters in Management Studies in Finance from the Narsee Monjee Institute of Management Studies.
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Swati Chaudhary is a consultant at Monitor Inclusive Marketsand is based in Mumbai, India.
Currently, Swati is working on MIM's housing initiative, focusing particularly on government policy and its role in supporting private sector provision of affordable housing. She has previously worked on the urban water delivery project, looking into the seasonality in water quality and access in low-income neighborhoods and slums in urban India. She also worked on a study on the role of grants in developing inclusive businesses.
Prior to Monitor, Swati tried her hand at various things including short stints at the United Nations HQ and The Business Times (Singapore), where she worked as a journalist. Swati attended Singapore Management University for a Bachelor's in Economics (Minor in Political Science) and Copenhagen Business School for a Masters in International Business and Politics.
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Vikram Jain heads the low-income housing practice within Monitor Inclusive Markets. He is responsible for defining the low-income housing agenda and managing relationships in the ecosystem, including developers, housing finance companies and government. His focus is to a)increase low-income housing supply, b)deepen the affordability of homes in the urban income pyramid, and c)engage with government to catalyze the private sector housing market.
He has over 13 years of experience in advising top tier clients on strategy, operations and technology topics. Prior to joining Monitor Inclusive Markets, he was working with McKinsey&Company, London as a Senior Engagement Manager advising top tier investment banks and retail banks on acquisitions, operational excellence and IT strategy. Prior to McKinsey, he worked with Deloitte Consulting and SoftPlus (a startup) in US and UK advising clients on operations and technology topics.
Vikram has an MBA (Dean's List) from London Business School and a BEngg. in Computer Science from University of Pune.
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Africa & Global
Anamitra is an Associate Partner at Monitor Group and a founding member of Monitor Inclusive Markets, a dedicated practice that focuses on catalyzing market-based approaches to improve the lives and livelihoods of the global poor. In this capacity, he has led engagements in diverse areas including financial inclusion, low-income housing, agriculture and livelihoods, healthcare pricing and delivery models, and impact investing. He has worked in North America, South Asia, MENA and Sub-Saharan Africa for clients spanning large foundations and donors, emerging market-oriented corporations and investment funds.
Anamitra has authored reports on financial inclusion and capability (Bridging the Gap: The Business Case for Financial Capability); low-income housing (Building Houses, Financing Homes); and also contributed chapters to other publications by Monitor and others. He has been invited to speak at numerous conferences, panels and graduate schools on inclusive business models, social enterprise and financial inclusion. Anamitra holds two Masters of Science degrees from Oxford University, which he attended as a Rhodes Scholar, and is also a graduate of Mount Allison University, Canada.
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Anand Nandakumar is an Associate Partner at Monitor Group currently based in Singapore, with15 years’ experience in industry and consulting.
Anand has led major projects within the field of competitiveness and sustainable economic development. Anand’s industry experience includes real estate, telecom, renewable energy, manufacturing and financial services. Here, he has focused on developing corporate and business unit strategies, and on execution, managing complex change manag ement efforts.
Prior to joining Monitor, Anand has worked with Accenture, was founder-director of an internet start up, and worked for over 4 years with Hindustan Unilever Ltd., the Indian subsidiary of Unilever Plc in marketing and sales. He has a Masters in Business Administration from the Indian Institute of Management, Ahmadabad and a B.Tech. from the Institute of Technology, Banaras Hindu University, in India. Anand is fluent in English, Tamil and Hindi.
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Bernard Chidzero is a Monitor Group Global Partner and leads the firm's Economic Development and Competitiveness activities in Africa based in the Johannesburg office. He has 25 years' experience in private sector development, management consulting, and marketing management.
Before joining Monitor, Bernard spent five years with the International Finance Corporation (IFC) where he established and led IFC's Advisory Services Department for Sub-Saharan Africa. IFC Advisory Services supports the development of the private sector through five business lines: Investment Climate Improvement, Infrastructure Advisory, Corporate Advice, Financial Market Development, and Environmental and Social Sustainability.
Prior to IFC, Bernard was Co-Founder and Chief Executive of the International Capital Corporation (ICC), a Southern African management consulting, economic development and investment advisory services firm with offices in Harare, Lusaka and Maputo.
Before starting ICC, he was a Senior Manager in the Brussels office of Arthur D. Little International, a global management consulting firm where he provided strategic planning and performance improvement advisory services to clients worldwide.
Bernard started his career with Nestlé where he spent five years in brand and marketing management in Toronto and Lisbon.
He has an MBA from IMD (Lausanne) and Bachelor of Business Studies from the University of Zimbabwe. He is fluent in English and French, and has working knowledge of Portuguese.
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Glenn Goldman is an associate partner in Monitor’s Johannesburg office, having joined Monitor in 2004. Prior to relocating to South Africa in January of 2008, Glenn was based in Monitor's Cambridge, MA headquarters (2004-2007). Glenn also served a seven-month stint in Moscow.
Glenn has designed and overseen projects in corporate and competitive strategy, marketing strategy, operations and organizational strategy for companies in a wide variety of industries, including consumer products, professional services, chemicals, oil & gas, professional sports, and automotive and basic manufacturing. Most recently, Glenn has focused on helping some of the world's leading consumer packaged goods companies develop strategies and approaches for doing business in Sub-Saharan Africa, including addressing the challenges of distribution and engaging with consumers and suppliers at the bottom of the pyramid.
Glenn graduated cum laude with a B.A. in Economics from Princeton University and holds an MBA from Columbia Business School, where he received a full-semester scholarship award for his academic performance and extra-curricular contributions during his first year. Glenn also holds a Master’s in Sport Management from the University of Massachusetts-Amherst.
Prior to Monitor and Columbia Business School, Glenn spent three seasons with the Arizona Diamondbacks, a Major League Baseball team, developing and overseeing the Diamondbacks’ video coaching department, and one year with the Orlando Magic
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Jennifer is a project manager with the Monitor Group. She joined Monitor in 2010 and soon thereafter joined the Africa MIM based team where she oversaw a number of projects. Specifically, Jen led a team that conducted economic research and analysis around the provision of water and energy to those living on less than $2/day. She also introduced 40 African based SMEs that were seeking capital in the range of $50K-$15M to over 75+ global impact investors. Finally, she was part of the dissemination process where she traveled all over Africa to speak with entrepreneurs, investors and stakeholders about key findings of the 16 month study on market based solutions in Africa. Jen has also consulted with a number of multinational companies around organizational strategy and design, growth and competitive strategies.
Prior to joining Monitor, Jen worked as an Assistant Vice President for the Citigroup Private Bank where she worked with High Net Worth individuals to structure their investment and banking portfolios. She left the bank to explore work in Uganda as an independent consultant to learn about microfinance and the challenges that the poor face in East Africa. The rest is history.
Jen has her BA from the University of Pennsylvania where she graduated with honors and was a member of the All-American Academic Field Hockey team. She also has an MBA from the University of Toronto where she was awarded the Social Entrepreneurship scholarship for excellent contribution to the field. She is currently working towards completing her MA in International Affairs at Columbia University. She most recently completed her first half marathon and plans to complete a full marathon in New York City where she currently resides.
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Pradeep Prabhala is a Project Manager with the Monitor’s Economic Development Practice, currently based in Dubai. He is currently working on food and water security issues in Middle East and North Africa.
His recent work includes helping clients’ market entry into the low income housing market in India, identifying and addressing unintended consequences of the low income housing model for the poor. His other work in India includes developing growth strategy for an education organization in the primary education space, one that caters to children from urban slums in India.
Pradeep also spent time in Sub Saharan Africa identifying and catalyzing promising market based solutions and business models that cater to the poor in Sub Saharan Africa. He also spent a significant amount of time on agriculture livelihoods in Kenya, Tanzania, Nigeria, Malawi, Mali, Burkina Faso and Niger.
Prior to joining the inclusive markets initiative, Pradeep advised a number of corporate clients in the consumer goods space in India. His work included advising clients on growth strategy, marketing strategy, go to market strategy.
Before joining Monitor, Pradeep worked with Hindustan Unilever Limited (HUL) in India as a Key Account Manager. His work included developing joint business plans and increasing the efficiency of supply chains to drive business growth. Pradeep’s work in HUL also included streamlining the “Shakti” rural distribution model. He also worked with the Unilever business in South Africa and East Asia
Pradeep earned his MBA from Faculty of Management Studies, Delhi University and an undergraduate mechanical engineering degree.
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