Fusion Finance Limited, a prominent player in the financial services sector, has announced significant changes to its top leadership. The company's Board of Directors has approved the appointment of Sanjay Garyali as the new Managing Director & Chief Executive Officer, effective September 30, 2025. This move comes as Devesh Sachdev steps down from his position as Managing Director due to personal reasons.

Leadership Transition

Sanjay Garyali, who has been serving as the company's CEO since March 2025, brings over 28 years of experience in the finance industry to his new role. Prior to joining Fusion Finance, Garyali led the Urban Finance business at L&T Finance, where he successfully managed a portfolio worth INR 40,000.00 crore, encompassing Two-Wheeler, Consumer Loans, and Mortgages.

Garyali's appointment is part of Fusion Finance's strategy to strengthen its executive leadership team and prepare for the next phase of growth. His expertise in retail financial markets and deep understanding of key industry drivers are expected to be valuable assets for the company.

Devesh Sachdev's Continued Involvement

While stepping down from the Managing Director position, Devesh Sachdev will continue to serve as a director on the company's Board. The Board has expressed its deep appreciation for Sachdev's visionary leadership and invaluable contribution in building and growing Fusion Finance since its inception as a founder.

Additional Appointment

In a move to further strengthen its governance structure, Fusion Finance has also appointed Gautam Munjal as the Head of Internal Audit, effective September 30, 2025. Munjal brings over 26 years of experience across leading financial institutions in the BFSI sector, with expertise in Risk Based Internal Audit, Risk Management, Operations, Customer Experience, and Technology-driven business processes.

Executive Profiles

Sanjay Garyali

• Over 28 years of experience in the finance industry
• Previously led the Urban Finance business at L&T Finance
• Managed a portfolio worth INR 40,000.00 crore
• Expertise in shaping policies, developing infrastructure, and creating distribution networks
• Spearheaded the development of a 5th generation credit engine
• Holds an MBA from Panjab University and a Bachelor of Engineering from BV College of Engineering Pune

Gautam Munjal

• Over 26 years of experience in the BFSI sector
• Held senior leadership roles at Hero Housing Finance Ltd., PNB Housing Finance Ltd., and other major financial institutions
• Expertise in Risk Based Internal Audit, Risk Management, and Technology-driven business processes
• Holds a master's degree in finance from Punjab University
• Advanced certifications including Strategic Business Management from Harvard University and Leadership Development from IIM Calcutta

These leadership changes mark a significant milestone for Fusion Finance as it positions itself for future growth and enhanced governance in the competitive financial services landscape.

Fusion Finance , a prominent player in the financial services sector, has announced a significant leadership restructuring aimed at strengthening its governance and compliance frameworks to support future growth plans.

New Board Appointments

The company's Board of Directors has approved the appointment of Mr. Rajeev Sardana as an Additional Non-Executive Independent Director for a five-year term, effective August 18, 2025, subject to shareholder approval. Mr. Sardana, a former Executive Management member at HDFC Ltd., brings over three decades of experience in financial services, particularly in retail lending and credit risk management.

In a parallel move, Mr. Sanjay Garyali, who has been serving as the company's CEO since March 2025, has been appointed as an Additional Director designated as Whole Time Director for a five-year term, also effective August 18, 2025. Mr. Garyali's appointment has received prior approval from the Reserve Bank of India (RBI). With 28 years of experience in the finance industry, he previously led the Urban Finance business at L&T Finance, managing a portfolio worth INR 40,000.00 crore.

Key Management Changes

The restructuring extends to several key positions within the company:

1. Mr. Deepak Madaan has resigned from his position as Company Secretary, Chief Compliance Officer & Investor Relations, effective August 17, 2025.

2. Mr. Vikrant Sadana has been appointed as the new Company Secretary & Compliance Officer, effective August 18, 2025. Sadana brings 18 years of experience in corporate governance and compliance.

3. Mr. Nishant Monga joins as the new Chief Compliance Officer from August 18, 2025. Monga is an accomplished professional with over 27 years of experience in ethics, compliance, and risk management across various sectors.

4. Mr. Vikas Jagdish Jajoo has resigned as Head of Internal Audit, effective August 17, 2025.

5. Mr. Satish Mani, currently the Chief Vigilance Officer, has been appointed as the Interim Head of Internal Audit, effective August 18, 2025.

Strategic Implications

These appointments and changes are part of Fusion Finance's strategy to enhance its leadership capabilities and ensure robust compliance and risk management frameworks. The company aims to support its next phase of growth by expanding the breadth of its compliance and secretarial functions while segregating these roles in line with its expansion plans.

The restructuring demonstrates Fusion Finance's commitment to strengthening its corporate governance and adapting to the evolving regulatory landscape in the financial services sector. With these changes, the company is positioning itself for sustainable growth and improved operational efficiency in the coming years.