Aavas Financiers has announced the appointment of Manu Singh as its new Managing Director & CEO, subject to Reserve Bank of India approval, effective from April 21.
According to a BSE filing, the appointment follows a structured, Board-led succession process. The company remains focused on its stated strategy of disciplined growth in the affordable housing finance segment.
The new MD & CEO will join Aavas from Kotak Mahindra Bank, where he served as President – Business Head, Housing Finance. He brings over 25 years of experience across Kotak Mahindra Bank, Tata Capital, and ICICI Bank, with a track record of scaling retail lending businesses.
The company’s outgoing Managing Director & CEO, Sachinder Bhinder, will continue in a role as a senior advisor to provide continuity and support. Under his leadership, Aavas delivered stable performance with improving operating momentum, with disbursements growing by 36% quarter-on-quarter and 16% year-on-year.
The appointment of Manu Singh as the new MD & CEO is expected to strengthen the company’s leadership and strategy. Sandeep Tandon, Chairperson of Aavas, said that the Board believes Aavas is ready to enter the next phase of scalable growth on its ambitious journey.
This appointment reinforces Aavas’ position as a leading player in the affordable housing finance sector.
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