IIFL Finance Limited hereby informs the appointment of Mr. Manish Mayank as Business Head- Gold Loans, a Senior Management Personnel of the company, with effect from June 19, 2025.
Awaiting price reaction for this filing.
IIFL Finance has appointed Mr. Manish Mayank as Business Head – Gold Loans, a Senior Management Personnel role, effective June 19, 2025. The appointment was recommended by the Nomination and Remuneration Committee and approved by the Board of Directors. Mr. Mayank is an engineering graduate with an MBA from Mumbai University and brings over two decades of experience in the financial services sector. He has previously held leadership roles at ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, and Muthoot Fincorp. For the past ten years, he has been leading the gold loan business, handling strategy, growth, and profitability.
This is a routine senior-level appointment focused on strengthening IIFL Finance's gold loan vertical, an important segment for the company. For shareholders, the move signals continued investment in growing the gold loan book by bringing in an experienced leader, though it is not expected to have an immediate material impact on the stock price.