Tata, Nilekani to start a microfinance company
The Chairman Emeritus of Tata Sons Ratan Tata, Infosys Co-founder Nandan Nilekani and former Finance Secretary Vijay Kelkar are collaborating to set up a microfinance company named Avanti Finance. It aims to "deliver affordable and timely credit to under-served and un-served segments," a Tata Trusts statement read. Avanti is expected to start operations by the financial year's end, it added.