Management Change20 Apr 2026, 08:45 am
AAVAS Financiers Appoints New MD & CEO, Accepts Resignation
AI Summary
AAVAS Financiers Ltd announced a significant management change following its Board Meeting on April 20, 2026. The board accepted the resignation of Mr. Sachinderpalsingh Jitendrasingh Bhinder as Managing Director & CEO, effective April 20, 2026. He will transition to a senior advisor role. Concurrently, 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 extensive experience in retail lending and housing finance from his previous roles at Kotak Mahindra Bank, Tata Capital, ICICI Bank, and Tata Motors.
Key Highlights
- Resignation of MD & CEO accepted, effective April 20, 2026.
- Mr. Manu Yeshpal Singh appointed as new MD & CEO.
- Appointment is subject to RBI and shareholder approvals.
- Former MD to continue as a senior advisor.
- Mr. Singh has over two decades of experience in financial services.