Aavas Financiers Announces Key Management Changes: New CFO and Chief Risk Officer Appointed Amid Executive Resignations

Aavas Financiers Announces Key Management Changes: New CFO and Chief Risk Officer Appointed Amid Executive Resignations​

Aavas Financiers Limited has made significant changes to its senior management following a board meeting held on June 21, 2026. The company approved the appointment of new personnel for key leadership roles while simultaneously accepting the resignations of two senior executives.

Ghanshyam Gupta and Punit Purushottam Agarwal have been appointed as Interim Chief Financial Officer (CFO) and Interim Chief Risk Officer (CRO), respectively. Both appointments, which are effective from June 22, 2026, were approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Mr. Ghanshyam Gupta has been appointed as the Interim CFO and Key Managerial Personnel (KMP). Mr. Gupta is a qualified Chartered Accountant with over 18 years of experience, including more than nine years at Aavas Financiers. His expertise lies in financial planning and strategy, budgeting, MIS, investor relations, and business growth initiatives. Prior to joining Aavas, he held positions at Vaibhav Global, Tata Technologies Limited, and Capgemini India Private Limited.

Mr. Punit Purushottam Agarwal has been appointed as the Interim CRO and Senior Management Personnel (SMP) for a period of one year. He is also a qualified Chartered Accountant with 13 years of experience, including nine years at Aavas Financiers. His background spans credit risk, market risk, sales, and risk management across retail lending, home loans, construction loans, and LAP segments. Before his tenure at Aavas, he was associated with Aditya Birla Capital, HDFC Bank, and ICICI Bank.

Concurrently, the Board of Directors accepted the resignations of Mr. Ghanshyam Rawat and Mr. Ashutosh Atre. Both executives tendered their resignations from their positions effective September 21, 2026. Mr. Ghanshyam Rawat resigned from his position as President and Chief Financial Officer (CFO), while Mr. Ashutosh Atre resigned from the position of President and Chief Risk Officer (CRO).

Details regarding these management transitions are summarized below:

Key Management Appointments and Changes at Aavas Financiers Limited


Both outgoing executives confirmed that they would be on garden leave from June 21, 2026, until their respective resignation date of September 21, 2026.

AAVAS Stock Price Movement​

Aavas Financiers Limited shares rallied on Friday, closing at ₹1471.90 after edging up by 0.50% from the previous close. The stock closed with a volume of 152,382 shares and finished within the trading range established during the session.