Aavas Financiers Limited has announced significant changes in its key management team. The company has appointed Mr. Ghanshyam Gupta as the Interim Chief Financial Officer and Mr. Punit Purushottam Agarwal as the Interim Chief Risk Officer, both effective June 22, 2026. Concurrently, Mr. Ghanshyam Rawat and Mr. Ashutosh Atre have resigned from their positions as President and Chief Financial Officer, and President and Chief Risk Officer, respectively, with their last day being September 21, 2026.
Leadership Transitions at Aavas Financiers
Aavas Financiers Limited has officially communicated several key leadership changes following a Board of Directors meeting held on June 21, 2026. These changes include the appointment of new interim officers and the acceptance of resignations from existing senior roles, impacting crucial financial and risk management functions within the company.
New Interim Appointments
The Board has approved the appointment of Mr. Ghanshyam Gupta as the Interim Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). His appointment is effective from June 22, 2026. Mr. Gupta brings over 18 years of experience, with more than 9 years at Aavas, specializing in financial planning, strategy, and business growth initiatives. His prior experience includes roles at Vaibhav Global, Tata Technologies, and Capgemini.
Furthermore, Mr. Punit Purushottam Agarwal has been appointed as the Interim Chief Risk Officer and Senior Management Personnel (SMP) for a period of one year, also effective from June 22, 2026. Mr. Agarwal has 13 years of experience, including 9 years with Aavas, with expertise in credit risk, market risk, and risk management across retail lending segments. His previous associations include Aditya Birla Capital, HDFC Bank, and ICICI Bank.
Resignations Accepted
The Board also took note of and accepted the resignations of two senior executives: Mr. Ghanshyam Rawat, President and Chief Financial Officer, and Mr. Ashutosh Atre, President and Chief Risk Officer. Their resignations will be effective from September 21, 2026. Both Mr. Rawat and Mr. Atre have been placed on garden leave from June 21, 2026, until their respective departure dates.
Board Meeting Details
The Board Meeting, during which these decisions were made, commenced at 02:15 P.M. and concluded at 02:32 P.M. on June 21, 2026. The company has assured that all necessary disclosures as per SEBI LODR regulations have been made, and the information is also available on their official website.
Source: BSE
