Ms. Revathy Iyer was a former Deputy Comptroller & Auditor General - Govt. Accounts (December 2013 – May 2014). Prior to this, she was Additional Deputy Comptroller & Auditor General – Eastern States (September 2012 – December 2013) and was responsible for the CAG Audit Reports on the Accounts of the States of Andhra Pradesh, Odisha, Tamil Nadu and West Bengal and Puducherry. During October 2007 -March 2012, Ms. Iyer served as Joint Secretary in the Department of Atomic Energy, Government of India, formulating/ overseeing policy, budget and implementation of the program/activities of the Department.

Ms. Revathy Iyer joined Indian Audit & Accounts Service in 1980 and held positions such as Assistant Accountant General in Maharashtra and Delhi Accounts and Audit offices (1981-1984), Dy. Accountant General/Sr. Dy. Accountant General in the field audit and accounts offices in Delhi, Andhra Pradesh and Madhya Pradesh (1984- 1990), Dy. Secretary (Department of Personnel & Training) (1990-1994), Asst. Comptroller & Auditor General (N) (1994-1996), Principal/Chief Auditor (Central Railway–July1996-July 1998) and Northern Railway (July 1998-March 2001), Principal Director (Staff) (April 2001-March 2003), Minister (Audit) in High Commission of India (April 2003-March 2005), Principal Director of Commercial Audit & ex-Officio Member, Audit Board-II, Mumbai (April 2005-October 2007).

Ms. Iyer was the chairperson of Government Accounting Standard Advisory Board (GASAB) constituted in 2002 to formalize standards of government accounting and integrating the accounting system and procedures in different wings of the Government under the umbrella of Uniform Common Accounting Standards.

Post retirement she worked as a Director Finance & Operations in an International NGO (EngenderHealth) from September 2015 to March 2017.

Born on May 28, 1954, Ms. Iyer holds a Master’s Degree in Chemistry from University of Delhi.

Born on February 1, 1950, Shri Satish Marathe holds a Bachelor's Degree in Commerce and Law (Gen) from the University of Bombay. He also holds a Diploma in Journalism (Gold Medalist from Bharatiya Vidya Bhavan).

Shri Satish Marathe started his Banking career in the Bank of India and rose to be the Chairman and CEO of The United Western Bank Ltd (from 2002 to 2006). Earlier, in September 1991, he became CEO of Janakalyan Sahakari Bank Ltd. which recorded high consistent growth during his 10 years tenure.

Shri Satish Marathe is the Founder Member of Sahakar Bharati which was registered in the year 1979 and is presently, its Member, National Executive Council. Previously, he was National General Secretary for 6 years, National President for 6 years and Savrakshak (Patron) for 3 years. Over the years, Sahakar Bharati has spread its activities all over the Country and presently, over 35,000 Co-operatives spread over 500 Districts are associated with the activities and programmes of the Sahakar Bharati. Today, it has emerged as the largest NGO in the Co-operative Sector in the Country.

For undertaking Study and Research in the Co-operative Sector, he founded Centre for Studies & Research in Co-operation (CSRC), a Foundation registered under Section 8 of Indian Companies Act, 2013 and he is the Founder Chairman of CSRC.

Presently, Shri Satish Marathe is Director on Central Board of the Reserve Bank of India, Director of National Housing Bank, Member of the Govt. of India appointed Expert Committee to Study on Relevance, Applicability and Retention of Three-Tier Short Term Co-operative Credit Structure (STCS), Member of the Govt. of India appointed National Committee for Drafting New Co-operation Policy, Independent Director, Indian Institute of Insolvency Professionals of ICAI, Vice Chairman of Laxmanrao Inamdar National Academy for Co-Op Research & Development (LINAC), Member on Executive Committee of National Council for Co-operative Training (NCCT), Trustee on Pragati Pratishthan - Residential School for the dumb and mute tribal children at Jawhar, District Palghar and Working President of Siddharth Vidyalaya, Kalyan.

In the past, Shri Satish Marathe held various positions like Member on Board of Management of National Co-operative Development Corporation (NCDC), Hon. Secretary, Indian Banks Association, Member of its Managing Committee for two terms and was also Member of the Committee of Economists, Vice President of Private Sector Banks Association, Member of High Power Committee constituted by Govt. of Maharashtra in respect of Weak and Sick Urban Co-operative Banks, Member of Maharashtra State Co-operative Council of Govt. of Maharashtra, Director of the Apex Bank of Urban Banks of Maharashtra & Goa Ltd, Director of Rajkot Nagarik Sah Bank Ltd - Multi State Scheduled Co Op Bank, Expert Director of Thane Bharat Sahakari Bank Ltd - Scheduled Bank, Director, National Youth Co-operative Society Ltd - a Multi-State Multi-Purpose Co-op Soc.

He has been representing the Co-operative Sector in Pre Budget meetings with the Finance Ministers for the past several years. In 2015, IFFCO conferred Sahakarita Ratna Award on Shri Satish Marathe. He is the only recipient of the Award from Maharashtra.

Shri Swaminathan Gurumurthy [73] is a chartered accountant and corporate and legal adviser of high standing.

Professional Expertise

Having qualified in the intermediate and final examination of the CA examination in 1972 with all India ranking in both examinations, he has been in practice for the last 42 years.

Shri Gurumurthy is a very well known adviser to many corporates on law and finance and also on macro economic issues affecting corporates. As a professional he has mediated and solved some of the most complex corporate issues.

Academic pursuits

Besides being a professional advisor, he has also been a keen academician. He has been the Visiting Professor of IIT Bombay on Indian models of Economy, Business, Finance and Management. He is presently the Distinguished Professor of Legal Anthropology in Sastra University in Tanjore.

Empirical studies

Being a keen thinker on geo political and strategic issues, he is the vice chairman of the well known strategic think tank in Delhi, the Vivekananda International Foundation.

Being an adviser to many corporates and drawn by larger national interest, Shri Gurumurthy began studying the impact of globalisation on an economy and economic and political culture habituated to command economy.

From 1993, Shri Gurumurthy and his team of volunteers that included economists, chartered accountants and social workers went to several industrial clusters which have come up on their own without state assistance or any establishment prop up including banking and educational institutions. It took them next several years of study to travel to over 40 important industrial clusters Ludhina, Batala, Amritsar, Rajkot, Surat, Baroda, Morvi in the north and west to Tirupur, Namakkal, Karur, Sivakasi and Tutukudy. The study also included the leather cluster in Agra and Kanpur dominated by Dalits. These industrial clusters which including the artisan clusters, numbering over 10000 constituted the backbone of over 50% Indian economy, 60% of manufacturing and exports.

The empirical study uncovered four aspects of the non-corporate economy about which very little was known till then. One, there is intense relation between caste and entrepreneurship. Two, this resulted in communitarian competition which led to entrepreneurship. Three, the castes mobilised and circulated capital and shared information within., Four, the property built by caste in a cluster was shared with other castes instantly as evident from several of the clusters. The study revealed that India was too complex and too vast and too diversified a country for one common policy, particularly without understanding the diversities.

Many of the findings of the study was later supported by the World Bank in its World Development Report. The study team led by Shri Gurumurthy identified relations dominated growth and development of entrepreneurship and business. The study zeroed in on social capital as the major drive of development — an idea which later found expression in the writings of Francis Fukuyama in his famous book Trust. Later many books came to be written on such and similar issues.

The study also revealed the role of the traditional family and the role of women in saving and funding family driven entrepreneurship. This persuaded Shri Gurumurthy to differ from conventional economists whose conviction in theories, he found, were more intense their ground level understanding of the Indian economy.

Journalism and activism

For the last three decades Shri Gurumurthy is highly rated as a journalist for his investigative writings. He has since then ceaselessly campaigned against corruption at high places. He has been a powerful opinion maker in India on issues national importance, particularly in the field of economics. He is now the editor of the famous and powerful socio-political weekly Thuglak in Tamil.

Media rating

Shri Gurumurthy was consistently seen by the media as the powerful from 1990 till now. The Business Baron magazine rated Shri Gurumurthy’s knowledge of economics, finance and accounts as ‘outstanding’. He was rated among 50 most powerful persons in India in 1990 [Gentleman magazine]; as the 8th most powerful [Business Baron magazine 2004]; as the 17th most powerful [India Today magazine in 2005]; as the 50th most powerful person [India Today 2015]; as the 25th most powerful person [India Today 2016] and as the 30th most powerful person [India Today 2017]

Shri Sanjay Lohiya, an IAS Officer of 1994 batch (Assam Meghalaya cadre), has joined Department of Financial Services, Ministry of Finance as Special Secretary and took over as Secretary, Department of Financial Services w.e.f. June 1, 2026. Prior to joining as Special Secretary in DFS, he was Additional Secretary in Ministry of Mines.

He joined Indian Administrative Service (IAS) after graduating from St. Stephen's College, Delhi University. Before joining as Additional Secretary, Ministry of Mines, he held various positions, which included Principal Secretary to Chief Minister, Government of Assam, Joint Secretary in Ministry of Agriculture, Director in PMO, etc.