Fusion Finance Limited has informed the Exchange about change in Management
FUSION · price
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Fusion Finance has accepted the resignation of Mr. Sanjay Mahajan from the position of Chief Information Officer (CIO) effective March 20, 2026, citing recurring health issues that require him to slow down. To ensure continuity, the Board has appointed Mr. Susheel Kumar Menon as the new CIO and designated him as Senior Managerial Personnel, effective the same date. Mr. Menon is an internal candidate, having served as Chief Information Security Officer (CISO) at the company since April 8, 2024, and will hold both roles for an interim period. He brings over 27 years of experience in IT strategy, cybersecurity, and digital transformation from prior stints at Satin Creditcare, Bata India, Yum! Restaurants, Ericsson, and Gillette India. The change was approved at a board meeting held on March 20, 2026, between 6:25 PM and 6:55 PM.
A planned, like-for-like internal transition at the CIO level is largely neutral for shareholders — no strategic shift is indicated, and the successor is already familiar with the company's systems and regulatory environment. Investors should note that tech leadership continuity is preserved, which is important for a microfinance company operating under RBI and data protection norms.