New Managing Director and CEO: Axis Finance Limited (AFL) announced that it has appointed Sai Giridhar as its new Managing Director and CEO designate. It is awaiting appropriate regulatory approvals for his appointment to become effective. Sai Giridhar replaced Bipin Saraf, who headed Axis Finance since 2013 and will now return to the company. Axis Bank take over Bharat Banking.
With over 28 years of experience in the banking sector, Sai Giridhar has held significant leadership roles in several leading private sector banks. He is known for developing and executing business strategies, managing the end-to-end P&L and driving growth in consumer lending products. His previous roles also involved significant contributions to consumer risk management and digital innovation.
Amitabh Chaudhry, Chairman, Axis Finance, welcomed Sai Giridhar and said, “As Axis Finance enters its next chapter of growth, I am confident that under Sai’s leadership, the team is well positioned to strengthen our position in the NBFC market.” He highlighted the company’s journey from a corporate lending institution to a full-scale financial services company focused on SME and retail business capabilities.
Sai Giridhar, excited about his new role, said, “I feel privileged to join Axis Finance. The Indian financial services industry is experiencing exciting growth and we are committed to delivering superior experiences and innovative products to our customers and partners.”
The succession plan forms an integral part of the company’s next phase of action, following which the leadership transition is expected to drive Axis Finance’s commitment to becoming a leading organisation in the financial services landscape.
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