Fusion Finance Limited has informed the Exchange regarding Board meeting held on Jun 21, 2025.
FUSION · price
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Fusion Finance announced three leadership changes at its board meeting on June 21, 2025. Mr. Gaurav Maheshwari resigned as Chief Financial Officer and Key Managerial Personnel to take up a career opportunity outside the microfinance industry, with his last working day on June 25, 2025. To ensure continuity, the company appointed Mr. Amandeep Singh, the current Head of Finance & Accounts, as Interim CFO effective June 26, 2025, and has mandated a leading executive search firm to find a permanent successor. Separately, Mr. Anurag Srivastava (27+ years of experience in credit, risk, collections and digital transformation) was appointed as the new Chief Credit Officer effective June 25, 2025, making Fusion one of the few microfinance institutions to create this dedicated role. The company also highlighted a positive external environment with rate cuts, favourable asset norm revisions, and improving collection efficiency for the microfinance sector.
The sudden CFO exit may cause short-term uncertainty, but the internal promotion to Interim CFO and active search for a permanent replacement should help maintain financial stability. The creation of a dedicated Chief Credit Officer role is a positive signal for stronger credit governance and risk discipline, which matters significantly in the microfinance business.