SBI Funds Management Limited appointed R.S. Srinivas Jain as the Joint Chief Executive Officer and Key Managerial Personnel of the company effective October 13, 2026.

The appointment was approved by the Board of Directors at a meeting held on the same date, based on the recommendation of the Nomination and Remuneration Committee. This move expands the company's senior leadership structure alongside existing Managing Director and CEO Debasish Mishra.

Leadership profile and tenure

Jain brings over 34 years of experience in the BFSI sector, including 27 years specifically in the mutual fund industry. He has been associated with the company since May 7, 2001, accumulating more than 25 years of internal tenure. Prior to this elevation, he served as Executive President, overseeing Strategy, Digital & Technology, Marketing, and Investor Relations.

His academic background includes a bachelor's degree in commerce from Vijaya Evening College, Bangalore University, and he is an intermediate pass from the Institute of Cost and Works Accountants of India. He also holds NISM certification for mutual fund distributors and completed management development programmes at XLRI Jamshedpur and ISB.

Revised key managerial personnel list

The company disclosed the updated list of Key Managerial Personnel authorized for materiality determinations and stock exchange disclosures. The revised leadership team includes:

Strategic implications

The appointment of a Joint CEO with a strong background in digital strategy and technology signals a potential focus on digital transformation within the asset management operations. Jain’s previous role as Chief of Strategy, Digital & Technology suggests his new mandate may involve integrating technological advancements with broader business growth strategies. The board meeting commenced at 6:54 pm and concluded at 7:15 pm on October 13, 2026.

SBI Funds Management Limited appointed Dhruva Agarwal as Head of Alternates and Senior Management Personnel with effect from October 7, 2026. The appointment was approved by the Board of Directors through a circular resolution passed at 6:55 pm IST on the same date.

Appointment details

The appointment follows the recommendation of the Nomination and Remuneration Committee. It is made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to both the National Stock Exchange of India Limited and BSE Limited on October 7, 2026.

Agarwal is identified as a full-time employee of the company. His role involves leading the alternatives division, focusing on private capital investing and alternative asset strategies.

Professional background

Agarwal brings over 20 years of experience in private capital investing, fund raising, alternative asset strategy, and portfolio management. His career spans leading global institutions where he has led investment functions, driven strategic partnerships, executed India entry strategies, and managed diversified portfolios with strong governance and risk discipline.

Prior to joining SBI Funds Management, Agarwal served as Managing Director and Portfolio Manager at DWS Asset Management in Singapore. In that role, he led private capital investments across India, South-East Asia, and the Middle East.

Previous associations

Before his tenure at DWS Asset Management, Agarwal gained extensive experience with several reputed organizations:

• BlackRock Inc.: Asia Pacific Alternative Private Credit
• Baring Private Equity Asia: Credit Fund (formerly Religare Credit Advisors)
• Barclays PLC: UK and India operations
• Edelweiss Financial Services Ltd: India
• Infosys Technologies: APAC Region

Regulatory compliance

The company disclosed that this intimation is available on its website in compliance with Regulation 46 of the SEBI Listing Regulations. The details regarding the appointment, including the reason for change and brief profile, were enclosed as Annexure I to the exchange filing.