Aye Finance Appoints Gaurav Seth as Chief Financial Officer to Drive MSME Financing Growth

Aye Finance Appoints Gaurav Seth as Chief Financial Officer to Drive MSME Financing Growth​

Aye Finance Limited, a leading fintech Non-Banking Financial Company (NBFC) focused on micro and small enterprise loans, has announced the appointment of Gaurav Seth as its Chief Financial Officer (CFO). The strategic move aims to strengthen the company's financial framework as it continues to scale its operations within India's MSME lending ecosystem.

Gaurav Seth is a seasoned finance professional bringing over 27 years of comprehensive experience across the BFSI sector, including insurance, housing finance, and payments banking. In his role as CFO, he will be responsible for leading the Company's treasury, financial control, and governance functions, playing a key role in the financial strategy and capital planning of Aye Finance.

The appointment comes amid strong financial performance for the company, which recently reported a net profit exceeding Rs 86 crore for the fourth quarter, reflecting strong financial momentum.

Extensive Experience and Leadership​

Gaurav Seth has a deep track record in driving profitability, executing large-scale fund raises, and overseeing digital finance transformation. His prior experience includes holding CFO roles at prominent organizations such as IIFL Home Finance and Airtel Payments Bank.

Sanjay Sharma, Managing Director of Aye Finance, commented on the appointment, stating, "We are pleased to welcome Gaurav to the leadership team at Aye Finance. His deep expertise across financial services, coupled with his experience in scaling businesses and strengthening financial controls, will be invaluable as we continue to expand our reach and enhance our offerings for underserved MSMEs."

Commenting on the opportunity, Gaurav Seth expressed his commitment to the firm's mission. "Aye Finance has built a strong platform focused on enabling financial inclusion for micro and small businesses. I look forward to partnering with the team to further strengthen financial resilience, drive sustainable growth, and support the company's long-term strategic priorities."

Focusing on the MSME Sector​

The CFO's appointment aligns with Aye Finance's focus on accelerating growth, enhancing operational efficiency, and deepening its presence in the MSME financing segment. Gaurav's extensive background in capital optimization, treasury management, and regulatory frameworks is expected to support the company through its next phase of expansion.

Aye Finance Limited operates as an NBFC-ML, providing essential business loans to micro-scale MSMEs across India. The company offers a diverse range of business loans designed for working capital and business expansion needs. These loans are secured either against the hypothecation of working assets or property security.

Currently, Aye Finance services businesses across manufacturing, trading, service, and allied agriculture sectors. The company serves customers across 18 states and 3 union territories, offering small-ticket hypothecation loans (averaging INR 1.5 lakhs) as well as mortgage-based loans (averaging INR 5 lakhs). Aye Finance leverages customized data science approaches in underwriting business cash flows to maintain stable credit costs and scale operations profitably.

AYE Stock Price Movement​

Shares of Aye Finance Limited are rallying to ₹143.35 as of 11:05 AM, surging 7.31% in live trading. The stock has moved over 1.77 million shares today, approaching its daily high of ₹145.02.