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ICICI Securities Report
Mr. Vijay Deshwal has stepped down as the Chief Executive Officer of Poonawalla Fincorp Ltd. and ceases to be a key managerial personnel with effect from March 04, 2022. He has decided to take up a strategic role within the Cyrus Poonawalla Group where he will spearhead emerging investment opportunities.
Mr. Abhay Bhutada, Managing Director, will continue to be responsible for both operational and strategic matters of the organisation supported by a strong management team.
When business transformation is underway with realignment of product and geographic strategy with focus on healthy internal rate of return, risk-adjusted return on capital, granularity and cross-sell opportunities, stability at the senior management is key driving factor to give confidence.
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