Board of Directors

Dr. Sanjay Salunkhe


Dr. Sanjay Salunkhe is a first generation entrepreneur having successfully established three ventures. Dr Salunkhe holds a Doctorate Degree in ‘Change Management and its Impact on Achieving Business Results’. He has done his MBA and LLB from University of Mumbai. He has more than three decades of experience in Banking, Education and HR consultancy domain in India and abroad. Dr. Sanjay started his career with a nationalised bank. After completion of his MBA, he worked with reputed companies like Tata Steel, Lupin Ltd. among othersin India and U.S.A for about 10 years. After gaining experience in various aspects of Management, he started his entrepreneurial journey by establishing his own Recruitment company in December 1999 by the name of Net Technologies Pvt Ltd (brand name ‘NET HR’). Within a short period of time, the company went on to feature Amongst Top 10 Executive Search Companies in India. NET HR has successfully placed about 20,000 candidates till date in leading multinational banks. In the year 2008, Dr. Sanjay ventured into the higher education domain with the incorporation of Jaro Institute of Technology Management and Research Pvt. Ltd. (brand name ‘JARO EDUCATION’). The company offers Online MBA programs in tie-ups with both, national and international Universities, institutes and colleges. These programs are tailor-made for working professionals to enable them to accentuate their career prospects. Jaro is also an enrollment partner for Post Graduate Online/ DLP programs offered by the accredited Indian Universities and reputed autonomous educational institutions. The company has a PAN INDIA presence and currently employs more than 500 staff members, mainly comprising of management graduates. Since its inception, Jaro Education has enrolled more than 100,000 (one lakh) students for Post Graduate Online/ DLP programs offered by various prestigious Universities, institutes and colleges. Simultaneously, Dr. Sanjay established a residential Business School by the name ‘Institute for Future Education, Entrepreneurship and Leadership (iFEEL) at Lonavala, with a focus on offering Post Graduate Diploma in Entrepreneurship and Leadership. The Institute is approved by AICTE and at present, has more than 200 students. The institute also boasts of a professional Board to oversee and review the affairs of the institute. Dr. Sanjay has been a recipient of numerous awards including ‘Best Management Faculty Award’ and ‘Award for Excellence in Developing Young Managers and Entrepreneurs’ by Bombay Management Association. He is currently an Executive Committee member of Indo-American Society and has been an active member of Bombay Management Association and other management forums. After establishing two highly successful ventures in the field of Education and HR Consultancy and Recruitment, Dr. Sanjay decided to venture into the field of Social Entrepreneurship by establishing his third venture of Non-Banking Finance Company (NBFC) by the name Jaro Finance, thereby extending much needed financial help as well as his vast experience to the mass ‘Unbanked Population’, who are doing small business and are unable to raise the much needed capital to sustain and develop their businesses. Therefore, under ‘Jaro Finance’, Dr. Sanjay has stepped into a new vertical of NBFC to extend financial assistance for the upliftment of the economically backward but deserving population. With this vertical, Jaro aims to help move their customers from high cost borrowings (mainly from unscrupulous money lenders) to low cost Banking channels over a period, with regular guidance and constant mentoring in various aspects of cash flow management and financial planning.

Prof. BalKrishna Salunkhe


Prof. Balkrishna N Salunkhe is a talented and experienced professional with expertise in capital markets. His academic achievements include B.Com. (Mumbai University), MMS (Finance), Grad. CWA, CFA (ICFAI). Prof. Balkrishna completed his 12th Standard with 3rd rank from Mumbai Board in 1987. He completed his B.Com. with First Class from Mumbai University in 1991. Thereafter, he completed Grad. CWA in 1991 and MMS (Finance) from Mumbai University in 1994. He later pursued CFA from ICFAI in the year 1997. Prof. Balkrishna has extensive professional experience of more than 25 years in areas like Insurance, Equity Research, Stock Broking and Investment Advisory Services. He has worked with companies like GIC, LKP Stock Broking, Rajinder International Finance, Shaivi Investments Consultants etc. He has been offering investment advisory services for the last 16 years. Prof.Balkrishna has served as a Visiting Faculty for more than 20 years in management Institutes such as Welingkar, Chetna, Dr D Y PATIL etc. He teaches subjects like Capital Markets, Financial Management, Security Analysis and Portfolio Management. His experience and expertise is useful in financial management, risk mitigation and other related areas.

Mr. Pradip BhadgaonKar


Mr. Pradip Bhadgaonkar is one of the co-promoter of Jaro Finance. He takes care of day- to-day operations of the company and acts as its Chief Executive Officer (CEO). Mr Bhadgaonkar is an experienced banker who has worked with different banks for nearly three decades. During his career span, he has worked with almost all segments of the Banking industry such as Nationalized Banks, Private Sector Banks as well as the Cooperative Banks. Mr Bhadgaonkar is a commerce graduate and completed C.A.I.I.B while working in the banking industry . He has also obtained Post Graduate Diploma in Advanced Banking and Management from N.M.I.M.S., Mumbai. Pradip Bhadgaonkar started his career with the Bank of Maharashtra. Later on he worked with the Development Credit Bank Ltd. (DCBL) and IndusInd Bank in various middle and senior management grade positions. After quitting DCBL, he had worked for a short tenure with Greater Bombay Co-operative Bank Ltd. as Head of Credit Department. Mr Bhadgaonkar has also put in a brief stint with a mid-sized Investment Banking and Corporate Advisory services firm in Mumbai, heading their Debt Syndication verticalHe has also worked in the field of Urban Micro Finance while incubating one of the first Urban MFI in Mumbai city. During the span of almost 30 years of work experience with four different banks, Mr Pradip Bhadgaonkar had mainly worked in credit functions, getting an all-round experience of all facets of Credit Management, including Relationship Management, Credit Appraisal, Credit Administration, NPA Resolution, etc. His main area of working has been Small and Medium Enterprises. Mr Pradip Bhadgaonkar is keen in Social Banking and is also interested in working for the upliftment of people living at the lower rungs of the society.