Manappuram Finance appoints new Group CFO, to invest ₹250 crore in unit Asirvad Micro

Manappuram Finance Ltd on Friday announced the appointment of Buvanesh Tharashankar as its Group Chief Financial Officer with effect from December 26, 2025. The appointment follows a recommendation by the Nomination, Compensation and Corporate Governance Committee, the company said in a regulatory filing.

Buvanesh has also been designated as a Key Managerial Personnel. The company clarified that Bindu A.L. will continue to serve as Chief Financial Officer and Key Managerial Personnel of Manappuram

Finance.

A Chartered Accountant with nearly three decades of experience, Buvanesh has held senior leadership roles across banking and financial services institutions, including RBL Bank and Jana Small Finance Bank, where he served as Chief Financial Officer, and Citibank in India and overseas. His experience spans financial strategy, capital and balance sheet management, regulatory engagement, governance and investor relations.

In his new role, Buvanesh will provide strategic financial leadership across the Manappuram Group, with a focus on strengthening governance, improving capital efficiency and supporting long-term business strategy, the company said.

Separately, Manappuram Finance also approved an additional investment of up to ₹250 crore in equity shares of Asirvad Micro Finance Limited, its subsidiary. The investment will be made in one or more tranches, subject to regulatory approvals.

Shares of Manappuram Finance Ltd ended 0.22% higher on the National Stock Exchange on Thursday. Earlier in the session, the stock touched a fresh 52-week high of ₹318.90. The stock has risen for seven consecutive trading sessions, delivering cumulative gains of nearly 11% during this period.