Aavas Financiers Limited Appoints Manu Singh as New Managing Director & CEO

Jaipur, April 20, 2026: Aavas Financiers Limited, a prominent player in the affordable housing finance sector, announced that its Board of Directors has approved the appointment of Mr. Manu Yeshpal Singh as the new Managing Director & CEO. The appointment is effective from April 21, subject to necessary approvals from the Reserve Bank of India and the Company's shareholders.

This leadership transition follows a structured, Board-led succession process, signaling the company's focus on maintaining continuity across leadership, strategy, and governance as Aavas moves into its next operational phase.

Mr. Manu Singh brings extensive industry experience, joining Aavas from Kotak Mahindra Bank, where he previously served as President Business Head, Housing Finance, overseeing the home loans business. His career spans over 25 years with leading financial institutions, including Kotak Mahindra Bank, Tata Capital, and ICICI Bank. His expertise encompasses sourcing, credit, operations, and collections, highlighted by deep experience operating in regulated environments and a strong focus on governance and risk management.

The company plans to maintain its strategy centered on disciplined growth within the affordable housing finance segment. Aavas continues to prioritize prudent underwriting, sustained investment in technology, compliance, and distribution channels to create long-term value for its stakeholders. Sachinderpalsingh Jitendrasingh Bhinder will continue supporting the Company as a senior advisor.

Sandeep Tandon, Chairperson of Aavas, stated that the Board believes Aavas is now poised for a phase of scalable growth. He added that Manu Singh’s sector expertise and leadership capabilities are vital as Aavas builds upon its strong existing foundation.

The Board also expressed gratitude to the outgoing Managing Director & CEO, Sachinder Bhinder, for his leadership and contributions to the growth and institutionalization of the company.

Operational Review​

Under Mr. Bhinder’s leadership, Aavas reported stable performance and improved operating momentum for the quarter ending March 31, 2026. The company saw robust asset quality while expanding its reach.

The operational metrics reported include:

• Disbursements: Grew by 36% quarter on quarter (QoQ) and 16% year on year (YoY).
• Distribution Network: The company expanded its footprint by adding 38 branches during the year, bringing the total network count to 435 branches across the country.

Speaking on his appointment, Manu Yeshpal Singh stated, "Aavas has established a strong foundation in affordable housing finance, backed by robust risk management and deep on-ground expertise. I look forward to working with the Board, the management team, employees and the regulators to build on this platform and drive the next phase of sustainable growth, while continuing to serve customers with discipline and care."

Outgoing Managing Director & CEO, Sachinderpalsingh Jitendrasingh Bhinder, expressed confidence in the future, noting, "I am confident that under Manu's leadership, Aavas will build on this strong foundation and continue to serve the millions of families who deserve a home of their own."

AAVAS Stock Price Movement​

As of 10:13 AM, shares of Aavas Financiers Limited are slipping by 0.40% in live trading, currently registering at ₹1342.50. The stock is experiencing continued selling pressure, with 17,712 shares traded so far in the session.

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