Ujjivan Small Finance Bank Ltd. · NSE:UJJIVANSFB
Ujjivan Small Finance Bank — Investor Presentation (September 2025)
68 slides from Ujjivan Small Finance Bank's investor presentation, Sep 8, 2025
Slide 1: Exchange intimation letter for analyst meet
USFB/CS/SE/2025-26/70 Date: September 08, 2025 To, National Stock Exchange of India Limited BSE Limited Listing Department, Listing Compliance, Exchange Plaza, C -1, Block G, Bandra Kurla P.J. Tower, Complex, Bandra (E), Dalal Street, Fort, Mumbai-400 051 Mumbai-400 001 Symbol: UJJIVANSFB Scrip Code
Slide 2: Investor & Analyst Meet 2025
Uyy) tv) UJJIVAN SMALL FINANCE BANK Investor & Analyst Meet 2025
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared by Ujjivan Small Finance Bank Limited (the “Bank”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. All information contained has been prepared solely by th
Slide 4: Investor & Analyst Meet Agenda
INVESTOR & ANALYST MEET AGENDA 01 Strategic Vision: 03 Transformation at Play 04 Technology Enabled Growth 02 Deposits & Liability Strength 05 FY30: Bridge to Future 03 Diversified Asset Build Out Investor & Analyst Meet 2025 I 3
Slide 5: Strategic Vision: Transformation at Play
Strategic Vision: Transformation at Play
Slide 6: Strategic Vision: To Be the Trusted Bank for Aspiring India
STRATEGIC VISION: TO BE THE TRUSTED BANK FOR ASPIRING INDIA Transformation at Play • Multiple Products Incubated Differentiated Business Model • Upfront investments made in branches, teams, technology, human resource over FY21 – FY25 • Focus on Mass, Aspiring and Emerging Affluent customer segments
Slide 7: Focus on Mass, Aspiring and Emerging Affluent Customer Segments
FOCUS ON “MASS”, “ASPIRING” AND “EMERGING AFFLUENT” CUSTOMER SEGMENTS 2010 2023 2030 Annual gross HH income (₹ Lac p.a.) Number (Mn) and % of Households in different income brackets Affluent 3 13 27 >20 (1%) (4%) (7%) Emerging Affluent 13 10 - 20 34 (11%) 64 (18%) (5%) Aspiring Ujjivan Focus 5 - 10
Slide 8: Operational Moat and Robust Pillars
OPERATIONAL MOAT AND ROBUST PILLARS Retail-Focused Lending Model Professional Leadership & Governance: • FY25: 91% of loans to retail customers • Experienced Board and domain-led Management • Predominantly informal and semiformal • Strong risk, audit and compliance frameworks Robust Portfolio Qualit
Slide 9: A Truly Pan-India and Balanced Franchise
A TRULY PAN-INDIA AND BALANCED FRANCHISE Branch Network • 26 States and UTs 2 • 752 Banking Outlets (190 URCs) • 326 Districts 19 2 • 613 ATMs/ACRs 6 39 14 39 17 60 1 52 Other Physical Connects 8 • ECRP^: FY25 ~8,000 59 21 97 14 • 350+ Active Money Mitra Agents • 23 Retail Asset Centres; 20 Other Of
Slide 10: Steady Branch Expansion and Product Penetration Going Ahead
STEADY BRANCH EXPANSION AND PRODUCT PENETRATION GOING AHEAD Deepening Product Penetration (No of Branches) • Ujjivan aims to add ~400 new branches by FY30 taking the Branch count to ~1,150 1,150 • Branch expansion supports Ujjivan’s aspiration of 752 696 achieving ₹1 Lac Cr GLB by FY30 576 350 291 2
Slide 11: Journey: From Transition to Scale and Stability
JOURNEY: FROM TRANSITION TO SCALE AND STABILITY 2016-17 2023-24 Deposits crossed Reported highest ever PAT GLB ₹32,122 Cr In-principle SFB approval ~₹13,000 Cr ₹1,281 Cr in 2015 Balance sheet expanded Deposits ₹37,630 Cr ROA 3.5%, ROE 26.1% CASA 25.5% 2x to ~₹20,000 Cr UFSL IPO launched; listed Bran
Slide 12: Long-Term Growth Priorities - FY30
LONG-TERM GROWTH PRIORITIES - FY30 • Liability to grow around 3x • CASA% to be around 35% • Gross Loan Book to be around ₹1 Lac Cr • Secured Loan Book share to be 65% to 70% • Liability repricing and increased CASA% • Steady growth of liability franchise • Growing portfolio of higher yielding secure
Slide 13: Improving Asset Mix with Margin Discipline Going Ahead
IMPROVING ASSET MIX WITH MARGIN DISCIPLINE GOING AHEAD Secured Share and Credit Cost to Avg. GLB Cost to Income and Opex to Avg. Assets 6.8% 80 % 7.5 % 6.3% 6.3% 6.2% 6.3% 65%-70% 70 % 6.5 % 70% < 5.0% 62% 60 % 5.5 % 61% 55% 54% ~ 55% 44% 50 % 4.5 % 40 % 3.5 % 30% 30% 27% 27% 30 % 2.5 % 20 % 1.5 % 5
Slide 14: Universal Banking License
UNIVERSAL BANKING LICENSE Enhance Offerings and new avenues such as Co–lending, Securitization investments, etc. Reduced capital requirement to 11.5% A Universal Banking Removal of ‘small finance’ tag will enhance brand value and facilitate License will unlock lower cost deposit franchise multiple b
Slide 15: Deposits & Liabilities Strength
Deposits & Liabilities Strength
Slide 16: Future Path to Granular & Stable Liability
FUTURE PATH TO GRANULAR & STABLE LIABILITY Customer Segment + Tailor-made products • Aspiring and Emerging Affluent Customer First Service approach • Salaried • Senior citizens • Competitor benchmark of service • NRI standards • HNI • Adherence to TAT standards • Retail institutions • Service Qualit
Slide 17: Deposits Anchored in Growth and Granularity
55,000 DEPOSITS ANCHORED IN GROWTH AND GRANULARITY 45,000 Deposit Movement (₹ in Cr) 37,630 31,462 35,000 26,676 25,538 22,085 25,000 18,292 16,862 15,000 13,136 10,780 10,180 9,612 7,379 6,696 8,335 4,891 6,744 106 4,993 5,000 3,772 2,739 2,699 10 3 566 139 784 1,459 -5,000 FY17 FY18 FY19 FY20 FY21
Slide 18: Calibrated Cost of Funds & Growing CASA
CALIBRATED COST OF FUNDS & GROWING CASA Movement of Cost of Funds & Repo Rate (%) CASA YoY growth (%) 7.30 7.30 7.50 8 85% 85% 6.20 6.40 7 6.50 6 6.25 6.25 5 4.40 4 4.00 35% 3 24% 2 18% 15% 13% 1 6% 7% 6% 0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Industry CASA Ujjivan's CASA Cost of Funds
Slide 19: Bolstering CASA Offerings and Other Income
BOLSTERING CASA OFFERINGS AND OTHER INCOME Mutual Fund Distribution (AMC Tie-ups) Distribution through all channels Impact • Drives fee-based income • Expands offerings to CASA customer AD-1 License (Forex & Remittances) Deepen Retail Insurance Distribution Forex services including remittances, trad
Slide 20: Diversified Deposit Profile with Increasing CASA% by FY30
DIVERSIFIED DEPOSIT PROFILE WITH INCREASING CASA% BY FY30 Deposit Mix (%) 49.0% 39.9% 34.0% 29.8% 29.1% 65.0% 79.5% 72.7% 73.6% 73.5% 74.5% CASA % 35.0% 20.5% 27.3% 26.4% 26.5% 25.5% FY21 FY22 FY23 FY24 FY25 FY30 CASA TD* Bulk TD *TD = Retail TD + Bulk TD • With increased Products to customers CASA%
Slide 21: Diversified Asset Build Out
Diversified Asset Build Out <
Slide 22: Diverse Retail Product Portfolio
DIVERSE RETAIL PRODUCT PORTFOLIO Group Loan Gold Loan • Segment: Self-employed, Agri & Salaried • (Annual household Income ₹2 to ₹4 Lac pa) • Segment: Self-employed, Agri, Salaried, SME Customers • Average Ticket Size:₹ 0.6 Lac • Average Ticket Size: ₹ 1.5 Lac • Average Tenure: 23-24 Months • Averag
Slide 23: Underwriting at Scale
UNDERWRITING AT SCALE • Paper less processing for • Independent Credit Team Unsecured loans • Separate underwriting team Underwriting Digital • Business Rule Engine for segment • Branch level presence Team Processing • Account aggregator • Geo tagging of Customers Holistic Approach towards Book Buil
Slide 24: Loan Book Evolution: Strong Growth Foundation
LOAN BOOK EVOLUTION: STRONG GROWTH FOUNDATION Gross Loan Book* Growth (₹ in Cr) 32,122 29,780 24,085 18,162 14,153 15,140 11,049 6,379 7,561 5,389 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 Secured Unsecured • Despite Covid related disruptions, GLB more than doubled from ₹15,140 Cr in FY21 to
Slide 25: A Balanced Loan Book Mix
A BALANCED LOAN BOOK MIX Product Mix (₹ in Cr) 33,287 403 725 • Portfolio has evolved from being 293 560 2,798 Micro banking led to a well- 2,253 diversified secured mix with 893 multiple growth engines 7,069 • Within Micro banking, IL continues 15,140 to gain traction and has reached 508 5,332 648
Slide 26: Growing with Diversification
GROWING WITH DIVERSIFICATION Gross Loan Portfolio Mix – Q1FY26 (%) Scaling Secured Assets (FY25) 1% 2% Group Loans (GL) 2% 1% 39% Individual Loans (IL) 8% Housing 7% Micro Mortgages MSME Legacy Strength Diversification 3% ₹33,287 Cr FIG Vehicle Loan • Micro-Banking • Granular Deposit Base • Deep rea
Slide 27: Diversified Offerings: Micro Banking
Diversified Offerings: Micro Banking
Slide 28: Microbanking – Consistently Best in the Industry
MICROBANKING – CONSISTENTLY BEST IN THE INDUSTRY Cross Sell to Evolved Customers: Diversified Portfolio: Liability products(SA, TD, TPP) Gold Loan, Micro Mortgage 24 states & UTs, Max 15% in any state Digital on-Boarding: Leveraging Analytics: Authentication, Paperless and Quick processing for calib
Slide 29: Microbanking – Consistently Best in the Industry
MICROBANKING – CONSISTENTLY BEST IN THE INDUSTRY Responsible Lending : No lending to delinquent clients Straight through processing : 42%-45% in Group loans • Loans to customers with 30 + DPD in previous 6 months is < 0.5% Cross Sell: SA and TD : ~₹2,200 Cr book MFIN Guardrails implemented in Letter
Slide 30: Microbanking - Consistently Best in the Industry
MICROBANKING - CONSISTENTLY BEST IN THE INDUSTRY Group Loan (₹ in Cr) Individual Loan (₹ in Cr) 4,799 5,182 14,225 16,009 13,090 3,141 8,961 10,271 1,898 1,686 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Group Loan (PAR 30 & PAR 90) Individual Loan (PAR 30 & PAR 90) 5.0% 5.4% 3.9% 4.4% 4.5% 3.
Slide 31: Diversified Offerings: Affordable Housing
Diversified Offerings: Affordable Housing
Slide 32: Affordable Housing and Micro-Mortgages
AFFORDABLE HOUSING AND MICRO-MORTGAGES Affordable Housing (AHL) Salient Features Total Market Potential : ₹44.6 Lac Cr by 2030 Offered across Tier 2/3 towns and peri-urban areas with dedicated sales team Market Actual Outstanding as of Dec’24: ₹13 Lac Cr Customer Segment: Focus on first-time homebuy
Slide 33: Strong Growth and Stable Asset Quality
STRONG GROWTH AND STABLE ASSET QUALITY Gross Loan Book (₹ in Cr) Average Ticket Size (₹ in Lac) Asset Quality (%) 7,069 25 6,585 5,867 5,392 20 6.0 6.0 1.5% 1.5% 4,926 5.8 5.7 1.3% 5.2 15 1.2% 1.2% 10 16.2 15.7 13.7 14.5 14.7 5 0.3% 723 893 0.2% 391 526 0.1% 0.1% 0.1% 273 0 Q1FY25 Q2FY25 Q3FY25 Q4FY
Slide 34: Full Stack Business Banking: MSME
Full Stack Business Banking: MSME
Slide 35: MSME – Product Overview
MSME – PRODUCT OVERVIEW MSME Current Market size estimated: ₹35 Lac Cr Addressable Market Gap: ₹30 Lac Cr Industry Growth Potential: 80%+ Industry Growth % in FY25: 13% to 14% YoY* Branch Network 350 Branches currently: Expand to 750+ branches by FY30 Offered across metros and Tier 1/2 towns, Urban
Slide 36: MSME: Overview of Products
MSME: OVERVIEW OF PRODUCTS Loan Against Property (LAP) Goal: To scale book growth and build funnel of prospective WC customers Segment: MSE Proprietorships & Partnerships as Traders, Job-workers, Small manufacturers from Supply Chain Finance Semi-Formal & Formal segments (SCF) Facilities: Long Term
Slide 37: MSME: Scaling with Quality
MSME: SCALING WITH QUALITY Gross Loan Book (₹ in Cr) Disbursement (₹ in Cr) Asset Quality (₹ in Cr) 533 2,253 90 2,046 402 1,694 1,507 1,514 115 36 1,415 332 1,243 45 106 1,036 1,505 216 87 38 804 1,242 746 129 35 328 260 911 378 25 21 200 691 629 143 378 83 0 113 1 117 2 125 Q1FY25 Q2FY25 Q3FY25 Q4
Slide 38: Diversified Offerings: Gold Loan
Diversified Offerings: Gold Loan
Slide 39: Gold Loans – Quick-Turnaround Growth Lever
GOLD LOANS – QUICK-TURNAROUND GROWTH LEVER Who Are My Growth & Customer Footprint Opportunity Playing What Ujjivan Offers & Disbursement Customers Opportunity out for Ujjivan Ujjivan serves customers Secured and short– Ujjivan positioned to capture comprising of salaried, self- medium term Ujjivan i
Slide 40: Gold Loan Underwriting: Key Highlights
GOLD LOAN UNDERWRITING: KEY HIGHLIGHTS Branches Served (in No.) Key Gold Loan Highlights 280 Branch Network Co-applicant /guarantor not required 200 • Mostly Urban/Semi-urban branches Salient Features: Income proof not required 63 • Quick sanction within minutes • Flexible tenure • Safe and insured
Slide 41: Diversified Offerings: Agri Products
Diversified Offerings: Agri Products
Slide 42: Empowering Rural Growth with Agri Banking Solutions
EMPOWERING RURAL GROWTH WITH AGRI BANKING SOLUTIONS Who are my customers Farmers engaged in crop cultivation and allied activities like dairy, poultry and fisheries Rural and semi-urban presence Financial Solution Offered Yields: ~13% Working capital for crop cultivation farm maintenance & capital a
Slide 43: Agri Banking Functioning
AGRI BANKING FUNCTIONING Agri Gross Loan Book 403 Product Goal 323 To be preferred partner to farmers in Ujjivan locations for all banking needs Caters to credit requirements of farmers 104 for agriculture and allied activities Offerings focused on working capital and asset creation capital assistan
Slide 44: Diversified Offerings: Vehicle Finance
Diversified Offerings: Vehicle Finance
Slide 45: Vehicle Finance Overview
VEHICLE FINANCE OVERVIEW Customer Segment • Salaried and Self-employed customers aspiring to purchase 2W commuter and mid-premium segment vehicles Products Suite Product Goal • Two-Wheeler Loan (Loan amount up to • Enable ownership of 2W vehicles by ₹5 Lac, up to 95% on-road funding, providing easy
Slide 46: Vehicle – Secured Lending in Core Markets
VEHICLE– SECURED LENDING IN CORE MARKETS Key Drivers Asset Book 58% CAGR (FY21-25) Disbursement 62% CAGR (FY21-25) Backed by security [asset] 468 465 High NIM product Lower Credit cost vs Market Vehicle Finance Loan was revamped in FY21 New Two- ₹73 Cr Asset ₹67 Cr 10,301 wheeler loan book Disbursem
Slide 47: Diversified Offerings: FIG + Mid-Market
Diversified Offerings: FIG + Mid-Market
Slide 48: FIG Business Overview
FIG BUSINESS OVERVIEW • Target Segment: NBFC, NBFC MFI, HFC, Capital Market etc. • Sectors: Gold Loans, Vehicle Finance, MSME, • Liabilities Product Suite: Fixed Deposits, CDs, Microfinance, etc. Term Money, Current Account, Institutional Savings Account, etc. 2 • Asset Product Suite: Term Loans, Wo
Slide 49: FIG: Diversified Asset Growth
FIG: DIVERSIFIED ASSET GROWTH Gross Loan Book (₹ in Cr) 3000 8.7% 10 .0% 9.0 % 2500 8.0 % 2000 5.8% 7.0 % 4.3% 4.7% 4.7% 6.0 % 2,785 1500 5.0 % 4.0 % 1,731 1000 3.0 % 500 855 1,128 2.0 % 648 1.0 % 0 0.0 % FY21 FY22 FY23 FY24 FY25 FIG (Gross Loan Book) % Gross Loan Book Lending only to WCDL launched
Slide 50: Technology Anchored Customer Migration
Technology Anchored Customer Migration
Slide 51: Strong IT Infrastructure
STRONG IT INFRASTRUCTURE Financial Inclusion Loan Originating System (LOS) • Delivering solutions through Branches • For field engagement using Mobile Apps and Assisted Channels ILOS, GLOW, • LOS for Vehicle, Gold, Agri, Housing, Working HHD, Digital Repayments options Capital Loans Robust Infrastru
Slide 52: Driving Growth with a Customer-Centric Digital Ecosystem
DRIVING GROWTH WITH A CUSTOMER-CENTRIC DIGITAL ECOSYSTEM Scale of Adoption • 41 Lac unique digital customers. • 46% CASA penetration. Efficiency & Productivity • 92.4% of total transactions are digital • RPA across 51 processes saved 7.08 lac man- • ₹6,625 Cr digital loan repayments via BBPS & hours
Slide 53: Digital Outreach: Simple Banking, Powerful Recall
DIGITAL OUTREACH: SIMPLE BANKING, POWERFUL RECALL ‘Banking Jaise Meri Marzi! Ujjivan makes it Digi Sampark – Driving Digital Future easy easy’ • Targeted Marketing to Showcase digital innovations • Positions Ujjivan as the preferred partner for • Enhancing customer engagement and experience. seamles
Slide 54: Scaling Business with Data Analytics at the Core
SCALING BUSINESS WITH DATA ANALYTICS AT THE CORE Data Asset Branch profitability Outcomes Customer retention Prescriptive analytics to improve branch Retaining and win-back customers profitability and developed suitable mix across verticals 1 7 to decrease Break-even-period and products 95.1 Lac+ Ke
Slide 55: Employee Centric Driven Bank
EMPLOYEE CENTRIC DRIVEN BANK • Ranked India 26th Great Place to Work for and • Voluntary attrition one of the lowest in BFSI at 19.42% Top 25 BFSI in FY25 – 3rd year in a row for FY25 (BFSI industry avg. at 30-35%) • Average learning hours per employee: 38.9 Hours (Industry best) – with 313 Unique p
Slide 56: Awards & Accolades
AWARDS & ACCOLADES Great Place to Work Digital Payments Awards 23-24 IBA CISO Summit & Citation Atal Pension Yojna Rank 26th 2nd for outstanding performance Cyber Security Compliance Champion Exemplary award for Par Excellence, in digital payments Power of Persist, APY Big Believer Ambition Box Empl
Slide 57: ESG at Our Core
ESG AT OUR CORE Environment Emission Scope 1 & 2 Scope 3 Emissions Water Waste Paper Saving Intensity Emission Intensity/Crore Intensity/ Intensity/Cror through Digitalisation Intensity/Crore Turnover: Crore Turnover: e Turnover 31.6 (Million Copies) Turnover: 2.5 (tCO2e) 21.62 (KL) 0.0086 (tCO2e) E
Slide 58: ESG Rating
ESG RATING 80/100 Poor Weak Moderate Good Outstanding 0 20 40 60 80 100 Ujjivan Small Finance Bank Limited Previous Score Current Score Rating Symbol Rating Movement ESG Impact Rating - 80 Outstanding - Environment Social Governance 76 40 60 40 60 40 60 20 80 20 80 84 20 80 83 0 100 0 100 0 100 Good
Slide 59: FY30: Bridge to Future
FY30: Bridge to Future
Slide 60: What We Have Delivered Q1FY26: Growth + Asset Quality
WHAT WE HAVE DELIVERED Q1FY26: GROWTH + ASSET QUALITY Scalable Gross Loan Book Secured Mix Deposit Retail Deposit Growth ₹ 33,287 Cr 46% ₹ 38,619 Cr ₹ 27,883 Cr PAT NIM ROA ROE Profitability ₹ 103 Cr 7.7% 0.8% 6.7% C/I Ratio Opex / Avg Asset Business* Per Branch Business* Per Employee Efficiency 67%
Slide 61: FY26 Guidance: Strong Execution at Play
FY26 GUIDANCE: STRONG EXECUTION AT PLAY • In FY25 GLB increased despite stress in Micro Banking Asset Growth Return on Asset • Thus, shift to Secured book in line with ~20% 1.2%-1.4% management long term vision • Cost-to-Income due to build out of asset products and retail deposit franchise Secured
Slide 62: Diversification with Credit Cost Trends
DIVERSIFICATION WITH CREDIT COST TRENDS GLB Growth Secured Book Growth Credit Cost / Avg. GLB 54.0% 32.6% 7.0% 23.6% 37.0% 5.5% 34.0% 35.0% 20.0% 20.0% 33.0% 2.3% - 15.0% 2.4% 2.4% 7.9% 7.0% 0.8% 0.1% FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 GLB Growt
Slide 63: Improvement over Previous Cycle
IMPROVEMENT OVER PREVIOUS CYCLE NPA Movement PCR Movement Covid Effect 98.0% 92.0% 7.1% 7.1% 87.0% 78.0% 60.0% MFI-Guardrail 2.9% 2.6% 2.2% 2.2% 0.6% 0.5% 0.3% 0.04% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 GNPA NNPA PCR • GNPA has been well maintained in the stress period of FY24-25 versus
Slide 64: Capital Efficiency to Support Long-Term Growth
CAPITAL EFFICIENCY TO SUPPORT LONG-TERM GROWTH CRAR% Strong Tier I Balance Sheet & Net Worth 60 ,00 0 7,0 00 6,083 5,613 30 .0% 6,0 00 50 ,00 0 90 % 1.4% 3.1% 25 .0% 70 % 5,0 00 2.1% 1.7% 4,209 40 ,00 0 50 % 20 .0% 4,0 00 1.3% 3,219 15% 15% 15% 15% 15% 30 % 30 ,00 0 2,803 47,689 15 .0% 3,0 00 40,422
Slide 65: Pathway to FY30
PATHWAY TO FY30 Cost to Income (%) • Branch count addition by around 400 • FY30 Cost to Income of around 55% • FY30 Opex to Avg. Assets below 5.0% Net Interest Margins (%) Asset Quality & Credit Cost • Liability repricing and • Enhanced underwriting and data analytics increased CASA% • Credit cost t
Slide 66: Thank You
Thank You For Investor Queries: investorrelations@ujjivan.com
Slide 67: Experienced Leadership Team
EXPERIENCED LEADERSHIP TEAM Sanjeev Nautiyal Carol Furtado Sadananda Balakrishna Kamath MD & Chief Executive Officer Executive Director Chief Financial Officer Education: BA (Lucknow University), MBA Education: B. Sc (Bangalore University), PGDM Education: Associate Company Secretaryship (ACS, (Luck
Slide 68: Business Heads: Depth and Diversity
BUSINESS HEADS: DEPTH AND DIVERSITY Rajeev Padmanabh Pawar Hitendra Nath Jha Umesh Arora Head of Treasury Head Retail Liabilities, TASC and TPP Head of Emerging Business Education: Master of Business Administration Education: Bachelor of Science, Bachelor of Education: Post Graduate IIM Kozhikode Ex
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