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Gray Ghost Ventures, an Impact Investment Firm in Atlanta, Hires New CEO to Lead the Indian School Finance Company

Atlanta, GA, November 06, 2012 --( Gray Ghost Ventures (“GGV”) announced today that the Indian School Finance Company (“ISFC”), a provider of loans and financial assistance for capacity building and infrastructure expansion to affordable private schools in India, appointed Neeraj Sharma as Chief Executive Officer. Mr. Sharma was recruited by ISFC to increase the growth trajectory and penetration of the company, and replaces interim CEO Harish Mamtani. Harish will remain with ISFC through Mr. Sharma’s transition.

Most recently and prior to joining ISFC, Mr. Sharma was Senior Vice President & Head of Treasury for Fullerton India Credit Company. Fullerton India Credit Company Limited is one of India’s leading Non-Banking Finance Companies (NBFC), with a stated mission to bridge the gap between inclusion and access to financial services in the mass market segment.

“We’ve tasked Mr. Sharma with driving the company to a higher level of growth and believe that his entrepreneurial spirit and business acumen will be the catalyst for ISFC’s future success,” cited Mr. Arun Gore of Gray Ghost Ventures. “Neeraj’s enthusiasm, knowledge and experience in consumer lending are leadership qualities that caught our attention,” continued Arun, “and his past success in management, finance, planning, operations and customer relationships confirms his ability to help us realize the full potential of our company.”

“ISFC is helping build educational infrastructure in India by providing funding to schools, specifically Affordable Private Schools, to impart quality and affordable education for children of all ages,” said Neeraj Sharma. “The company not only is making a dent as a social impact investment but also has immense growth potential. The unique business proposition of the company coupled with an entrepreneurial opportunity led me to join the company. My endeavor is to make the company synonymous to school funding in India.”

About ISFC
In 2008, Gray Ghost Ventures and Caspian Advisors collaborated to launch the ISFC in Hyderabad as a first step in addressing the education needs of low-income families in India. ISFC’s aim is to channel capital to investment-ready private school managers in the form of market-rate, medium-term loans in order to enable schools to expand their delivery capabilities and building infrastructure. To learn more, visit

About Gray Ghost Ventures
GGV is the umbrella organization founded by Bob Pattillo. Built around social impact through investment and development, GGV seeks catalytic, early-stage investments in the developing world. GGV’s investments’ focus on enabling technology, financial services, and other products and services focused on enhancing the quality of life for large, underserved populations in emerging markets. GGV has played a significant role in the promotion of social venture investment globally, including work in microfinance, impact ventures and affordable private schools. To learn more, visit

About Caspian Advisors
Caspian Advisors is an investment advisory firm that invests capital in socially responsible, multiple bottom line businesses delivering financial and social value. We seek to utilize our understanding of the low income communities and their priorities and work towards bringing our expertise to improving their lives. To learn more, visit
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Gray Ghost Ventures
Jennifer McReynolds

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