Axis Finance Limited (AFL), an Indian non-banking financial company (NBFC), has appointed Sai Giridhar as its Managing Director (MD) and CEO.
Bipin Saraf, MD & CEO of Axis Finance, started his career with Axis Bank in 2003 and was entrusted to lead the Axis Finance team in 2013. After successfully leading the Axis Finance team, he will return to Axis Bank to lead Bharat Banking. Following the approval of the regulator, the transition of Bipin Saraf will be effected by the Bank.
With a robust background of over 28 years in the banking domain and having held leadership roles in various leading private sector banks, Sai Giridhar brings a wealth of experience to his new role as the MD & CEO of Axis Finance.
In all his previous roles, Sai Giridhar has been instrumental in building and executing strategy for businesses, products, and functions. He has significant experience in managing end-to-end P&L and has driven growth for product categories across consumer lending businesses.
Welcoming Sai Giridhar to Axis family, Amitabh Chaudhry, Chairperson, Axis Finance Ltd. said, “Axis Finance has grown over the years, expanded its presence across the country, built a strong employee base, and has also transitioned to add Retail and SME business capabilities rather than just being a corporate lending entity.”
“As Axis Finance enters the next chapter of its growth, I’m delighted to welcome Sai Giridhar to Axis Finance. I am confident that with Sai Giridhar’s leadership, the team is well-positioned to take Axis Finance to newer heights as they enhance their efforts to strengthen the market positioning of Axis Finance in the NBFC space,” he added.
Sai Giridhar has played a pivotal role in shaping functions like consumer risk management, debt management and led initiatives towards innovation, digitization and technology to ensure high level of business efficiencies and customer centricity.
On the appointment, Sai Giridhar said, “It is my pleasure and privilege to join the Axis Finance family. The Indian financial services industry is at an exciting stage of growth, and our board has set forth an expansive vision for Axis Finance. Our focus will be on delivering superior experiences and innovative products to our customers and partners. The entire team will work collectively to build a best-in-class organization.”
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