Aavas Financiers Limited is quietly reconfiguring its governance and internal leadership as part of a broader leadership refresh. In a board meeting held on October 26, 2026, the company accepted the resignation of Soumya Rajan from her post as a Non-Executive Independent Director, citing increasing professional commitments with Waterfield Advisors. The board and management extended their gratitude for Rajan’s exemplary leadership and its impact during her tenure, signaling a smooth transition as the company continues to navigate its growth trajectory.
Concurrently, the board approved the appointment of Anjali Karamnarayan Seth as an Additional Director in the capacity of Non-Executive Independent Director for a five-year term, commencing October 27, 2026, subject to shareholders’ approval. Seth brings four decades of legal and governance expertise to the board, having served as an Independent Director on multiple listed entities and having previously led legal operations at major financial institutions and multinational banks, according to the accompanying notes.
On the internal front, Ramachandran Venkatesh stepped down as Head of Internal Audit for personal and family-related commitments. He was succeeded by Bharat Chamanlal Thakkar, who will assume the role of Head of Internal Audit with a three-year term starting October 27, 2026. Thakkar is a Chartered Accountant and Certified Information Systems Auditor (CISA) with more than three decades of experience across banking, NBFCs, and financial services, including leadership roles at Kotak Mahindra Group where he steered internal audit, risk, and regulatory compliance programs. The company also issued a postal ballot notice to seek shareholder approval for the appointment of Anjali Seth as an Independent Director, underscoring the ongoing governance rhythm of Aavas.