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Welcoming Ajit Mahadevan as Acumen India Country Director

We are pleased to announce that Ajit Mahadevan will be joining Acumen as India Country Director. Ajit joins Acumen from Ernst & Young, where he has served as Advisory Partner & Leader (Life Sciences) for the past six years.  At EY, he was a strategic advisor to the leadership of some of the leading Indian and global life science and healthcare players with the focus being business transformation and growth.  Prior to his time at E&Y, Ajit was President of Piramal Healthcare, one of the leading pharmaceuticals companies in India, where he built the international business from inception in 2002 to $300M by the end of 2008. Ajit held multiple leadership roles across strategy, M&A and business leadership. During his tenure at Accenture’s Strategic Services practice in UK and India, he led the development of one of the firm’s largest and most successful internal projects – the Offshore Development Centre in 2001, which has now grown to about 100,000 people across multiple cities in India. Ajit has worked in an advisory capacity to Acumen in the past, most recently participating in Regional Fellows selection panels in Mumbai.

Ajit holds an undergraduate degree in Computer Sciences from PSG College of Technology, India and a Masters of Business Administration from Carnegie Mellon University (Tepper School of Business).

Along with his experience, Ajit brings tremendous passion to continuing to build Acumen India. We are thrilled to welcome him to the Acumen team!

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Welcoming Naeem Zamindar as Acumen’s new Pakistan Director

We are pleased to announce Naeem Zamindar as Acumen’s new Pakistan Country Director. Naeem joins Acumen from his consulting company, Zamindar Capital, which he founded in 2009 to help companies leverage technology to accelerate social and economic development. His 25-year career combines experience in venture capital with multiple high-level operational and leadership roles. Naeem worked at Intel Capital in Silicon Valley, helping build companies in the digital, new media and wireless broadband space. In Pakistan, he was CEO of Wateen Telecom, where he engineered a turnaround, taking the company from losing $2 million per month to generating $1 million positive cash flow over a matter of three years. He was also a founding member of Pakistan’s leading telecom company Mobilink and, as its Chief Strategy Officer, built a nationwide fiber-optic network through the acquisition of four companies that now form Mobilink’s broadband division. [Read More]

Catalyzing the Growth of Social Enterprises with SAP

To accelerate the growth of our social enterprises in East Africa and India, we have joined forces with global business software leader SAP. Leveraging SAP’s technology and global business expertise, this unique collaboration will bring together Acumen entrepreneurs working in different sectors and countries to deepen their business capabilities and expand access to solutions to help them address global poverty. [Read More]

Dispatch from Pakistan: Hope in Place of Fear

There is fear in the streets of Pakistan. I sit in traffic, just a few hundred feet from my hotel where my next meeting is scheduled. I could arrive at my destination in five minutes if I walked, but it is not advised to walk. On the right side of my car, four men pointing automatic weapons stand in the back of a police van. Just in front is a black SUV with four commandos in the back, each with AK-47s, I think, though I’m no expert in guns. Let’s just say they are very big and look very menacing. A few cars to the left is another gun-filled vehicle pushing other cars out of its way, presumably to join the caravan of the armed. Sirens are wailing. [Read More]

ANNOUNCING A NEW INVESTMENT, FIRST ACCESS

Acumen announces its new investment in First Access, a data analytics company improving access to formal financial services for low-income East African communities. In East Africa, only 22 percent of the population has access to formal financial services with the region’s poor having even less at 10 percent. First Access presents an opportunity to increase the ability of these low-income communities to save, manage risk responsibility, invest in such critical services as education, and ultimately rise out of poverty. [Read More]

ANNOUNCING THE 2015 PAKISTAN FELLOWS

Acumen is proud to announce the selection of our third cohort of Pakistan Fellows. After a competitive application process, we’ve chosen a diverse group of 20 leaders working in provinces across the country. This year’s Fellows are fighting poverty and changing lives across Pakistan through unique initiatives that range from advocating for vulnerable prisoners’ rights, to creating solutions to address low-quality education, to developing branchless banking channels for low-income customers, and more. Read more about each Fellow and their inspiring work below. [Read More]

Lean Data Goes Deeper

One of the most interesting questions we’re grappling with right now on the Impact team at Acumen is how to develop a more robust, rigorous, and transparent form of quantifying the social value our companies create. While I don’t believe we will ever fully understand all the social value created – and while there will always be room for debate and interpretation – I do think today we have the tools to get a lot closer to customers and hear how they value products. [Read More]

ANNOUNCING THE 2015 INDIA FELLOWS

Acumen is proud to announce the selection of our second cohort of India Fellows. After a competitive application process, we’ve chosen a diverse group of 20 leaders working in 13 states. This year’s Fellows are fighting poverty and changing lives across India through unique initiatives that range from providing affordable menstrual hygiene products to marginalized women, to making quality education available to children in conflict zones, to designing innovative sanitation solutions for the urban poor, and more. Read more about each Fellow and their inspiring work below. [Read More]