Arman Financial Services Limited announced that its wholly owned subsidiary Namra Finance Limited has appointed Chandramouli Akkiraju as Chief Business Officer, effective October 16, 2026. The move underscores the group’s emphasis on strengthening its microfinance thrust within the Namra platform and aligning leadership with its growth agenda.
Akkiraju, who holds an MBA in Business Management from Andhra University and a risk-management certification from the Asian Institute of Management, brings more than 25 years of experience in financial services to the role. His career spans senior roles at BASIX, KBS Local Area Bank, Belstar Financial Services, Heritage Finlease, and Namra Finance Limited, where he previously served as Chief Operating Officer from 2017 to 2023, overseeing microfinance assets under management rising from about Rs 90 crore to Rs 1,500 crore and guiding the company through the COVID-19 period.
His profile also includes a broad footprint across domestic and international markets, with experience in 22 Indian states and 12 overseas markets, including Africa. As a consultant, he led bids on agricultural value chain financing with IFC in India and Micro Lead Cameroon with UNCDF, and contributed advisory services on agricultural value chain risk management to OIKO Credit’s Indian subsidiary.
In his renewed assignment with Namra Finance Limited, Akkiraju will lead the microfinance portfolio as a Senior Management Personnel, signaling a strategic thrust to broaden the subsidiary’s reach and deepen its impact within Arman’s broader financial services platform.