Aavas Financiers Limited has announced the appointment of Manu Yeshpal Singh as its new Managing Director & CEO, effective April 21, subject to approvals from the Reserve Bank of India and shareholders.
He joins from Kotak Mahindra Bank, where he served as President – Business Head (Housing Finance). With over 25 years of experience across Kotak, Tata Capital, and ICICI Bank, he brings strong expertise in retail lending, credit, operations, and risk management.
The appointment follows a structured succession plan, with the board emphasizing continuity in leadership and strategy as the company moves into its next growth phase. Sachinderpalsingh Jitendrasingh Bhinder will transition into a senior advisory role to ensure a smooth handover.
Under Bhinder’s leadership, Aavas reported steady operational performance. For the quarter ended March 31, 2026, disbursements rose 36% sequentially and 16% year-on-year, while asset quality remained stable. The company also expanded its presence, adding 38 branches to reach a total of 435 nationwide.
Chairperson Sandeep Tandon highlighted that the company is well-positioned for scalable growth, expressing confidence in Manu Singh’s leadership to build on the existing foundation.