SBFC Finance Limited Appoints Sanket Agrawal as New Chief Financial Officer

SBFC Finance Limited Appoints Sanket Agrawal as New Chief Financial Officer​

SBFC Finance Limited has announced a key change in its leadership, appointing Mr. Sanket Agrawal as the new Chief Financial Officer (CFO). The decision follows the resignation of Mr. Narayan Barasia from his post.

The Board of Directors at a meeting held on July 15, 2026, approved the appointment of Mr. Sanket Agrawal, who is currently serving as Chief Strategy Officer and IR of the company, to be the CFO and Key Managerial Personnel. This change is effective from July 16, 2026, following a recommendation by the Nomination and Remuneration Committee and the Audit Committee.

Prior to this appointment, Mr. Narayan Barasia tendered his resignation as Chief Financial Officer and Key Managerial Personnel. His resignation was noted by the company Board of Directors on the same date, with effect from the close of business hours on July 15, 2026. The Company expressed its appreciation for the services rendered by Mr. Barasia during his tenure.

The transition details and professional profiles of both executives are as follows:

Profile of New CFO​

Mr. Sanket Agrawal brings over 13 years of experience spanning Big Four audit/advisory and Executive leadership at SBFC Finance Limited. He previously served as Chief Strategy Officer and IR at the company, where he partnered with the CEO to formulate and execute the organization's strategic roadmap, drive financial planning, budgeting, and performance optimization.

Mr. Agrawal is credited with driving the Company’s digital transformation agenda alongside leading Digital collections and establishing the Internal Audit function. His background also includes implementing risk-based audit frameworks and enterprise wide Standard Operating Procedures (SOPs). Prior to joining SBFC Finance in 2020, Mr. Agrawal spent over seven years at Deloitte auditing and advising various NBFCs and HFCs. He is a Chartered Accountant from the Institute of Chartered Accountants of India, holds a Bachelor of Commerce degree, and is an alumnus of Harvard Business School.

SBFC Stock Price Movement​

SBFC Finance Limited shares edged higher to settle at ₹93.17 after the market closed today, showing a solid 1.18% gain. The stock traded within its range for the day, moving between a low of ₹91.87 and a high of ₹93.39 during trading hours.