Aye Finance appoints Nishit Shrivastava as CTO succeeding Jinu Joseph
- Nishit Shrivastava appointed as CTO effective October 1, 2026
- Succeeds Jinu Joseph who resigned due to personal reasons
- Shrivastava brings 24+ years of fintech and tech strategy experience
- Board approved appointment via circular resolution on September 16, 2026

*this image is generated using AI for illustrative purposes only.
Aye Finance has appointed Nishit Shrivastava as Chief Technology Officer, effective October 1, 2026. The board approved the move via circular resolution on September 16, 2026.
Shrivastava succeeds Jinu Joseph, who resigned from the role due to personal reasons. Joseph’s tenure ended at the closure of business hours on September 30, 2026.
Leadership Transition Details
The Nomination and Remuneration Committee recommended Shrivastava’s appointment. He joins as a Senior Management Personnel (SMP) under SEBI Listing Regulations.
Joseph confirmed his resignation was solely based on personal reasons, with no other material factors influencing the decision. He expressed gratitude to the board and management for their support during his tenure.
New CTO Profile and Strategic Role
Shrivastava brings over 24 years of experience in software development and financial services technology. His expertise spans fintech, digital transformation, technology strategy, and enterprise platforms.
Prior to joining Aye Finance, he served as Chief Information and Technology Officer at Muthoot Fincorp (Muthoot Pappachan Group). There, he led initiatives in customer experience, data engineering, modern infrastructure, security, technology resilience, and enterprise AI.
In his new role, Shrivastava will lead Aye Finance's technology strategy and drive the next phase of technology-led transformation. The company aims to scale its lending operations and deepen its presence in India's underserved micro-enterprise segment.
Sanjay Sharma, Managing Director of Aye Finance, stated that technology is central to serving India's micro-enterprises. He noted that integrating intelligent models and building scalable technology platforms will become increasingly important as the company enters its next level of growth.
Shrivastava commented that Aye Finance has built a differentiated lending model by combining technology, data, and a deep understanding of the micro-enterprise ecosystem. He expressed excitement about joining at a time when technology plays an increasingly important role in making credit more accessible, efficient, and responsive.
At Aye Finance, Shrivastava will focus on strengthening the company's technology architecture and digital capabilities. This includes building scalable, secure, and resilient platforms. He will also play a key role in leveraging data, AI, and emerging technologies to enhance technology-enabled lending, improve operational efficiency, and support better customer experience.
About Aye Finance Ltd
Aye Finance is a non-banking financial company – middle layer (NBFC-ML) focused on providing loans to micro-scale MSMEs across India. The company offers a range of business loans for working capital and business expansion needs, against hypothecation of working assets or against security of property.
Customers span manufacturing, trading, service, and allied agriculture sectors. Aye Finance operates across 18 states and 3 union territories. As of June 2026, the company reported assets under management (AUM) of ₹7,324 crore. It offers small-ticket business loans with an average ticket size (ATS) on disbursement of ₹0.17 million to micro enterprises.
The company disclosed these changes pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Aye Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.62% | -2.52% | +4.22% | +81.03% | +39.73% | +39.73% |
How will Nishit Shrivastava's experience with enterprise AI at Muthoot Fincorp specifically influence Aye Finance's credit underwriting models for micro-enterprises?
What specific technological infrastructure upgrades are anticipated in the next 12-18 months to support the scaling of lending operations across Aye Finance's 18-state presence?
How might the transition from Jinu Joseph to Shrivastava impact the company's current digital transformation roadmap and timeline?


































