In a move that mirrors its push to strengthen retail lending, Aavas Financiers unveiled a leadership reshuffle on September 18, 2026. The board approved Manu Yeshpal Singh as Managing Director, elevating him from his current role as Chief Executive Officer to MD & CEO for a five-year term starting September 19, 2026, subject to shareholder approval. The step consolidates executive leadership as the company charts a growth path for its lending franchise.
The Board also named Sanjeev Srinivasan as an Additional Non-Executive Nominee Director nominated by Aquilo House Pte. Ltd., for a five-year term ending September 18, 2031, liable to retirement by rotation and subject to shareholder consent. Srinivasan brings two decades of leadership across life and general insurance, including MD-CEO roles at Acko General Insurance Limited and Bharti AXA General Insurance, with a track record of scaling businesses and driving profitability.
Separately, Anant Jain resigned as Non-Executive Nominee Director effective at the close of business on September 18, 2026, citing personal reasons. The board placed on record its appreciation for Jain’s contributions during his tenure and noted that the resignation is effective from the specified date. Jain had been a nominee of Aquilo House Pte. Ltd.
Taken together, the moves reflect a concerted push to sharpen strategy and governance as Aavas navigates a competitive housing-finance landscape.