IIFL Finance Limited has informed the Exchange regarding Appointment of Mr. Manish Mayank as Business Head- Gold Loans, Senior Management Personnel of the Company w.e.f. June 19, 2025.
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IIFL Finance has appointed Mr. Manish Mayank as Business Head - Gold Loans, a Senior Management Personnel role, effective June 19, 2025. 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. The appointment was approved by the Board on the recommendation of the Nomination and Remuneration Committee.
This is a positive operational move, reinforcing leadership in IIFL Finance's Gold Loan segment, which is a key growth and revenue driver for the company. Investors may view this as a sign of focused investment in scaling the gold loan business, though the appointment is unlikely to cause an immediate stock price reaction.