Aavas Financiers has announced a strategic leadership transition. Mr. Sachinderpalsingh Jitendrasingh Bhinder has resigned from his role as Managing Director and CEO, effective April 20, 2026. He will continue to support the company as a Senior Advisor. The Board has appointed Mr. Manu Yeshpal Singh as the new Managing Director and CEO, effective April 21, 2026, subject to necessary regulatory and shareholder approvals.
Leadership Transition at Aavas Financiers
The Board of Directors of Aavas Financiers has formalized a transition in the company’s executive leadership. Mr. Sachinderpalsingh Jitendrasingh Bhinder, who has served as the Managing Director and Chief Executive Officer, stepped down from his executive responsibilities at the close of business hours on April 20, 2026. To ensure continued support and a seamless transition, Mr. Bhinder will remain associated with the firm in the capacity of a Senior Advisor.
New Leadership Profile
Mr. Manu Yeshpal Singh has been appointed as the new Managing Director and CEO, effective April 21, 2026. Mr. Singh is a seasoned business leader with over two decades of experience in retail lending, housing finance, and consumer banking. His distinguished career includes senior roles at major financial institutions such as Kotak Mahindra Bank, Tata Capital, and ICICI Bank.
During his tenure at Kotak Mahindra Bank, Mr. Singh managed a housing finance franchise worth approximately ₹70,000 crore. His professional history highlights a track record of scaling retail lending portfolios, including personal loans and business loans, while focusing on digital transformation and operational efficiency. His appointment as Managing Director is currently subject to formal approvals from the Reserve Bank of India and the company’s shareholders.
Source: BSE
