Rohit Ranjan Succeeds Elcid Vergara As Non-Independent Director Of Aavas Financiers

Rohit Ranjan has been appointed as Non-Executive Non-Independent Director (Additional Director) of Aavas Financiers Limited w.e.f. October 15, 2025, subject to the approval of shareholders. He succeeds Elcid Vergara, who stepped down w.e.f. October 15, 2025.

Ranjan is a leader in banking and financial services with over four decades of experience across global and Indian institutions. During a 25-year tenure at Citibank India, he held senior leadership roles covering governance, compliance, risk management, audit oversight, and shareholder value creation. His experience spans consumer finance, SME banking, Priority Sector Lending (PSL), and retail lending. Most recently, he served as President of Retail Lending at Axis Bank, leading the transformation and expansion of the retail lending portfolio, focusing on affordable housing and loans against property (LAP), driving growth, operational efficiency, and customer experience. He holds an MBA in Finance from the Anderson School of Management, University of New Mexico, and a Bachelor of Arts (Economic Honours) from the University of Delhi (1983).

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