Fusion Finance Limited has informed the Exchange about Resignation of CFO
FUSION · price
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Fusion Finance announced that its Chief Financial Officer, Mr. Gaurav Maheshwari, has resigned to pursue a career opportunity outside the microfinance industry, with his last day on or before June 25, 2025. The company has appointed Mr. Amandeep Singh, currently Head of Finance & Accounts and a qualified Chartered Accountant with 14+ years of experience, as Interim CFO effective June 26, 2025, and has engaged a leading executive search firm to find a permanent replacement. Separately, Mr. Anurag Srivastava, with over 27 years of experience in credit, risk and collections, has been appointed as the company's first Chief Credit Officer effective June 25, 2025. The company highlighted that the broader microfinance environment is improving, citing RBI rate cuts, favourable revisions to qualifying asset norms, and better collection efficiency across the sector.
Short-term, the CFO exit is a negative signal as leadership transitions in finance can create uncertainty, though the company has managed risk by appointing an internal candidate as interim CFO and hiring a search firm for a permanent successor. The creation of a dedicated Chief Credit Officer role signals a focus on strengthening credit governance, which is positive for long-term stability.