Fusion Finance Limited has informed the Exchange regarding Appointment of Mr Sanjay Garyali as Managing Director & CEO of the company w.e.f. September 30, 2025.
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Fusion Finance Limited has appointed Mr. Sanjay Garyali as the new Managing Director & CEO with effect from September 30, 2025. Mr. Garyali has been serving as the company's CEO since March 2025 and as Whole Time Director & CEO since August 2025, bringing over 28 years of finance industry experience, including senior roles at L&T Finance (managing a ₹40,000 Crore portfolio) and Kotak Mahindra Bank. He replaces founder Mr. Devesh Sachdev, who resigned as Managing Director citing personal reasons, though he will continue as a non-executive Director on the Board. Additionally, Mr. Gautam Munjal has been appointed as Head of Internal Audit on the same date, with 26 years of BFSI experience spanning ICICI Bank, Kotak Mahindra, PNB Housing Finance, and Hero Housing Finance. The transition is part of a previously communicated succession plan initiated earlier in 2025.
This is a planned leadership succession rather than a sudden departure — Mr. Garyali was already running operations as CEO for six months, reducing execution risk. However, the exit of founder-MD Mr. Sachdev may create some short-term uncertainty; his continued presence on the Board provides continuity. The new internal audit head strengthens governance and compliance functions.