New leadership is taking the reins at Muthoot Capital Services Limited as the company announces a change in its collections leadership. Vinay B N has been appointed as Head – Collections and Recoveries, an appointment effective from April 24, 2026, while the current head, Sooraj Mohan, steps down at the close of business on April 23, 2026. The move, approved by the board via circular resolution, signals a planned transition aimed at strengthening the lender’s approach to overdue accounts and recovery operations.
Vinay B N brings more than two decades of experience in collections and recoveries, with additional exposure to automotive finance sales and channel strategies. He most recently served as Zonal Collection Head for the Eastern Region at Toyota Financial Services India Limited, the captive finance arm of Toyota Kirloskar Motors. The new role will see him leading the company’s collections and recoveries function, focusing on optimizing credit recovery and distribution channels.
Sooraj Mohan’s resignation, described as a personal decision, will be effective April 23, 2026. The outgoing head notes a readiness to support a smooth handover to ensure continuity and compliance during the transition. The management thanks him for his service and wishes continued success.
Industry observers will be watching how this leadership shift translates to Muthoot Capital’s strategy in collections as the company navigates its ongoing growth and portfolio management efforts.