
Manappuram Finance Appoints New Vertical Heads
The Board of Directors of Manappuram Finance Limited has approved several changes at the senior management level. The company has announced new vertical heads. Digbijay Bandyopadhyay is the new Business Head of Commercial Vehicle Finance; Hemant Patil is the head of Car Loans; Ajay Bhalchandra Shelke will head Two Wheeler Finance; Sathyanarayan K Rao will lead Farm Equipment; Vijayakumar K B got charge of MSME; Ratheesh P.M. to head Micro Home Finance; Vipin T S to lead Security Personal Loan; Satheesh Kumar to head Digital Personal Loan; and Kamal Parmar is the Business Head of Commercial Vehicle Finance.
The company has also informed that Sreejesh, head of the Operation Department (gold loan), will no longer be designated as senior management personnel.
In a statement, the company said that “it has always been the policy of the management to consider candidates from within, subject to the suitability of the candidate being identified. This approach will provide a good degree of continuity and will also help to address the aspirations of the homegrown staff.”