Management Change20 Apr 2026, 08:54 am
AAVAS Financiers Appoints Manu Yeshpal Singh as MD & CEO
AI Summary
AAVAS Financiers Ltd announced a change in its top management following a Board Meeting on April 20, 2026. Mr. Sachinderpalsingh Jitendrasingh Bhinder resigned as Managing Director & CEO due to professional and personal commitments, effective April 20, 2026. He will continue as a senior advisor. The Board approved the appointment of Mr. Manu Yeshpal Singh as the new Managing Director & CEO, effective April 21, 2026, subject to RBI and shareholder approvals. Mr. Singh brings over two decades of experience in retail lending and housing finance from institutions like Kotak Mahindra Bank and Tata Capital.
Key Highlights
- Resignation of MD & CEO Sachinderpalsingh Jitendrasingh Bhinder accepted.
- Manu Yeshpal Singh appointed as new MD & CEO, subject to approvals.
- Mr. Bhinder to continue as a senior advisor to the company.
- Mr. Singh has extensive experience in retail lending and housing finance.
- Appointment is effective from April 21, 2026, pending regulatory and shareholder consent.