Aavas Financiers Limited has announced the appointment of Mr. Nitin Rughwani as its new Chief Credit Officer, effective September 23, 2026. This appointment is a key development in the company’s senior management, aligning with its strategic growth in lending operations. Mr. Rughwani brings extensive experience in credit underwriting and risk management from his previous roles at prominent financial institutions.
Senior Management Appointment
Aavas Financiers Limited has appointed Mr. Nitin Rughwani as its Chief Credit Officer, a key position within its Senior Managerial Personnel. This significant leadership change is effective from September 23, 2026. The decision was formally approved by the Board of Directors through a circular resolution, following a recommendation from the Nomination and Remuneration Committee.
Leadership Profile and Experience
Mr. Nitin Rughwani is recognized as a seasoned credit and risk leader with over two decades of experience in developing scalable lending operations and digital credit transformation. He has a proven track record in building high-performance credit teams and implementing AI/ML-led decision-making frameworks to enhance risk intelligence. Previously, he held senior leadership roles at Shriram Finance Limited, Yes Bank Limited, and Tata Capital Limited. Mr. Rughwani is a member of the Institute of Chartered Accountants of India (ICAI) and holds a Bachelor of Commerce degree from Delhi University.
Regulatory Disclosure
This appointment is disclosed in compliance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Detailed information, including Mr. Rughwani’s profile and the nature of the appointment, is provided as Annexure-A to this disclosure. The company also stated that the information will be made available on its official website, www.aavas.in.
Source: BSE
