Shriram Asset Management Company Ltd Announces Changes in Senior Management Personnel Designations
Shriram Asset Management Company Ltd has announced changes regarding the designations of key personnel within its management structure, effective June 15, 2026. The company approved re-designating Mr. Ketankumar Shah and appointed Mr. Hitesh Savanth as a Senior Fund Manager for the Mutual Fund Business.The Board of Directors, following recommendations from the Nomination and Remuneration Committee, passed circular resolutions approving these personnel changes on June 9, 2026, and June 12, 2026. Both individuals will continue to serve as Senior Management Personnel (SMP) for the company.
Mr. Ketankumar Shah has been re-designated from Fund Manager and Additional Employee to Principal Officer of the PMS Division. Meanwhile, Mr. Hitesh Savanth was approved for appointment as a Senior Fund Manager specifically for Mutual Fund Business under SEBI (Mutual Funds) Regulations, 2026. Both designation changes are effective from June 15, 2026.
Details regarding these changes and the profiles of both executives are provided below:
| Particulars | Mr. Ketankumar Shah | Mr. Hitesh Savanth |
|---|---|---|
| Reason for change | Re-designation as Principal Officer (PMS Division) | Appointment as Senior Fund Manager for Mutual Fund business |
| Effective Date | June 15, 2026 | June 15, 2026 |
| Brief Profile | Mr. Ketankumar Shah possesses over 17 years in Equity Research and more than 15 years of buy-side experience, excelling in sectors such as BFSI, Engineering, Capital Goods, and Construction. He is focused on executing tailored strategies for consistent, long term growth. His educational qualifications include a Post Graduate Diploma in Business Management (PGDBM) from NL Dalmia Institute of Management Studies and Research, AICTE Bachelor of Management Studies (BMS) from Mithibai College, Mumbai University, and NISM Series XXI B Portfolio Managers Certificate. | Mr. Hitesh Savanth has over 12 years of experience across Portfolio Management and Wealth Management. He has managed and advised Family Offices and UHNIs Public Equity, Private Investments & Multi asset portfolios across Indian and Global markets with a strong focus on delivering risk adjusted returns. His educational qualifications include B. Com (Hons.) from Sri Sathya Sai University and is a Chartered Financial Analyst from the CFA Institute. |
The designations reflect significant changes in the company's senior management structure as the firm continues its operations.
Stock Price Movement
Shriram Asset Management Company Ltd shares finished Friday at ₹288.35, gaining 2.40% on the day. The stock traded within a range between a low of ₹285.00 and a high of ₹290.00 during trading hours.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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