IIFL Finance has announced a strategic shift in its gold loan division leadership, effective April 2, 2026. Manish Mayank has resigned from his role as Business Head to pursue other career opportunities. Simultaneously, Mayank Sharma, previously the company’s Chief AI & Innovation Officer, has been appointed as the new Business Head for Gold Loans, bringing two decades of group experience and a focus on AI-driven operational efficiency.
Leadership Resignation
As part of an organizational restructuring, Manish Mayank has stepped down from his position as Business Head – Gold Loans, effective April 2, 2026. The company has formally acknowledged his resignation, noting his decision to pursue new professional opportunities outside the firm.
Strategic Appointment
Following a recommendation by the Nomination and Remuneration Committee, the Board of Directors has appointed Mayank Sharma to lead the gold loan business. Mr. Sharma transitions from his previous role as Chief AI & Innovation Officer. This move is aimed at leveraging his extensive background within the group to scale the company’s strategic gold loan franchise.
Focus on AI and Growth
Mr. Sharma brings over two decades of experience to the role, having been instrumental in building the gold loan vertical from its inception and establishing its 230+ branch network. His recent work in driving AI-led transformations across lending, underwriting, and collections is expected to enhance the business’s operating efficiency and risk management framework.
Currently, Mr. Sharma holds an MBA from K.S. School of Management, Ahmedabad, and has completed advanced management programs from IIM Calcutta and ISB. He is also pursuing an executive program for Chief Digital & AI Officers at ISB.
Source: BSE
