SBI Funds Management Limited appointed Amol Joshi as its new Chief Financial Officer and Key Managerial Personnel (KMP), effective October 1, 2026. This appointment follows the retirement of Inderjeet Ghuliani, who stepped down upon reaching the age of superannuation.

The decision was taken at a Board meeting held on September 29, 2026, based on recommendations from the Nomination and Remuneration Committee and the Audit Committee. The transition ensures continuity in the company’s financial leadership as it operates within the regulatory framework of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

Inderjeet Ghuliani’s cessation from the role was due to superannuation, with his tenure ending at the close of business hours on September 30, 2026. His departure marks the end of his term as KMP, necessitating the immediate appointment of a successor to maintain compliance with SEBI regulations regarding key managerial personnel disclosures.

Amol Joshi joins with approximately 32 years of professional experience. His background includes leading finance functions with a focus on governance, regulatory compliance, and financial discipline in listed entities. Prior to this role, he served as the CFO of TransUnion CIBIL Limited. His career also encompasses significant tenures at organizations such as IndoStar Capital Finance, L&T Financial Services, Standard Chartered Bank, American Express Bank, and Oracle Financial Services.

Revised Key Managerial Personnel List

Effective October 1, 2026, the following individuals are authorized to determine materiality of events and make disclosures to stock exchanges:

What the Numbers Show

The filing highlights a routine succession plan driven by age-based retirement rather than performance or strategic restructuring. The inclusion of Amol Joshi, with 32 years of experience and prior CFO roles at major financial institutions like TransUnion CIBIL and Standard Chartered Bank, signals a preference for deep sector-specific expertise in banking and financial services compliance. This aligns with the stringent regulatory environment governing Asset Management Companies (AMCs) in India.

SBI Funds Management Limited appointed Giridhar Sanjeevi as an additional independent director for a three-year term, effective September 29, 2026. The appointment is subject to shareholder approval and follows the completion of the second term of outgoing director Moiz Miyajiwala.

Board composition changes

The board approved Sanjeevi’s appointment via circular resolution on September 28, 2026. He brings over three decades of experience in finance and management. Sanjeevi holds a post graduate diploma in management from Indian Institute of Management, Ahmedabad and is a qualified Chartered Accountant. He currently serves as chairperson and independent director on the board of Amagi Media Labs Limited and previously served as executive vice president and chief financial officer at Indian Hotels Company Limited.

Moiz Miyajiwala ceased to be an independent director, chairperson, and member of the Audit, Risk Management, Nomination and Remuneration, and Stakeholders Relationship Committees upon completing his second term on September 28, 2026. The company acknowledged his valuable contributions during his tenure.

Director profile details

Sanjeevi has no relationships with other directors and is not debarred from holding office by SEBI or any other authority. The disclosure complies with Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations.