Aavas Financiers Limited has announced a key transition in its senior leadership. Mr. Selvin Uthaman, the Chief Business Officer, has resigned from his position effective May 01, 2026, citing personal and professional commitments. Consequently, the company has appointed Mr. Ripudaman Bandral as the new Chief Business Officer, effective May 02, 2026. Mr. Bandral, who previously served as the Chief Credit Officer, brings over 25 years of industry experience to his new role.
Leadership Resignation
Aavas Financiers Limited has formally accepted the resignation of Mr. Selvin Uthaman from his role as Chief Business Officer. His departure is effective as of the close of business hours on May 01, 2026. In his resignation, Mr. Uthaman expressed his gratitude to the Board and the management team, highlighting his pride in the company’s growth and customer-focused transformation during his tenure.
Strategic Appointment
Following the resignation, the Board of Directors has approved the appointment of Mr. Ripudaman Bandral as the new Chief Business Officer, effective May 02, 2026. Mr. Bandral transitions into this role from his previous position as the company’s Chief Credit Officer.
Profile of New Chief Business Officer
Mr. Ripudaman Bandral brings an extensive background of over 25 years in business development, strategic planning, and risk management. His professional history includes notable associations with ICICI Bank Ltd, HDFC Ltd, and Indiabulls Home Loans, among others. Having been with Aavas Financiers for the past 5 years, Mr. Bandral has been instrumental in refining the company’s credit framework and strengthening its overall portfolio quality.
Source: BSE
