Shriram Finance announced key board-level appointments and re-designations, effective October 31, 2025. These changes include the re-appointment of Mr. Jugal Kishore Mohapatra as an Independent Director, the re-designation of Mr. Parag Sharma, and the appointment of Mr. Sunder Subramanian as an Additional Director and Whole Time Director. These moves aim to strengthen the company’s leadership structure.
Independent Director Re-appointed
Mr. Jugal Kishore Mohapatra has been re-appointed as an Independent Director for a second term, effective December 4, 2025. His new term will last for three consecutive years, concluding on December 3, 2028. Mr. Mohapatra also holds the position of Chairman of the Board.
Executive Re-designation
Mr. Parag Sharma, currently serving as Chief Financial Officer designated as Managing Director & Chief Financial Officer, will be re-designated as “Managing Director & Chief Executive Officer” from December 5, 2025. This change follows the completion of Mr. Y. S. Chakravarti’s tenure as Managing Director & CEO on December 4, 2025.
Additional Director Appointed
Mr. Sunder Subramanian has been appointed as an Additional Director and also as a Whole Time Director, effective October 31, 2025. He will serve for a period of 5 years and will be designated as Joint Managing Director & Chief Financial Officer with effect from December 5, 2025.
Senior Management Changes
- Mr. Hardeep Singh Tur is elevated and re-designated as Joint Managing Director and Chief Risk Officer with effect from October 31, 2025, and re-appointed as Chief Risk Officer for a further 3 years with effect from December 5, 2025.
- Mr. U Balasundararao is appointed as Chief Compliance Officer of the Company (‘CCO’) for 5 years from December 5, 2025, replacing Mr. R. Chandrasekar, who will complete his tenure as CCO on December 4, 2025. Mr. Balasundararao will be re-designated as Company Secretary & Chief Compliance Officer from December 5, 2025.
- Mr. R. Chandrasekar is re-designated as Joint Managing Director – ESG & Business Responsibility from December 5, 2025, after completing his role as Chief Compliance Officer on December 4, 2025.
- Mr. Sudarshan Holla and Mr. G. M. Jilani have been appointed as Chief Operating Officers, effective October 31, 2025.
- Mr. Nilesh Odedara has been appointed as Chief Sales Officer, effective October 31, 2025.
- Mr. A. Ganesh has been elevated and re-designated as Chief Human Resources Officer, effective October 31, 2025.
Source: BSE