Fusion Finance Appoints Sanjay Garyali as Managing Director & CEO, Devesh Sachdev Steps Down
Fusion Finance Limited has appointed Sanjay Garyali as the new Managing Director & Chief Executive Officer, effective September 30, 2025. Garyali, with over 28 years of experience in finance, replaces Devesh Sachdev, who steps down due to personal reasons but remains on the Board. Additionally, Gautam Munjal joins as Head of Internal Audit. These appointments aim to strengthen the company's executive leadership and governance structure for future growth.

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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.
Historical Stock Returns for Fusion Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-1.64% | -0.47% | +8.55% | +43.61% | -13.23% | -39.59% |