AU Small Finance Bank on Wednesday announced the demise of its Chief Financial Officer (CFO), Vimal Jain, who passed away early in the morning following a cardiac arrest. He was aged 45.
Jain had been associated with AU Small Finance Bank since 2010 and was regarded as a key pillar for the financial institution.
Over his 15-year tenure, Jain was credited with building a strong team and providing leadership that guided the bank through periods of growth and transformation.
In a filing to stock exchanges, the bank said Jain was “a pillar of strength” and “a deeply loved and admired leader”.
The bank expressed condolences to Jain's family and further confirmed that it has initiated steps for interim succession planning.
A Concerning Trend
Vimal Jain is the latest casualty of a growing trend of cardiac arrest, which has taken the lives of multiple business leaders across India in recent years.
Pepperfry co-founder and CEO, Ambareesh Murthy, died of cardiac arrest in August 2023.
Amit Banerji, Founder and CEO of Table Space, had also died from a sudden cardiac arrest earlier this year.
Rohan Mirchandani, co-founder of Drums Food International, the parent company of Epigamia yogurt brand, also died of cardiac arrest in December 2024.
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