Manappuram Finance Limited, a leading non-banking financial company (NBFC) in India, has announced a significant addition to its senior management team. Effective December 3, 2025, Ashish N Chandak will join the company as Group Chief Compliance Officer and Senior Management Personnel, bringing with him nearly three decades of extensive experience in the Banking, Financial Services, and Insurance (BFSI) sector.

Key Highlights of the Appointment

• Position: Group Chief Compliance Officer and Senior Management Personnel
• Effective Date: December 3, 2025
• Experience: Nearly 30 years in the BFSI sector

Ashish N Chandak's Professional Background

Chandak's impressive career spans various crucial areas within the financial industry:

• Previous Role: Chief Compliance Officer at YES Bank during its post-reconstruction phase
• Expertise: Business Development, Credit Risk Management, Advisory, Governance, Compliance, Anti-Money Laundering (AML), and Fraud Risk Management
• Notable Achievement: Structured over 200 transactions across Infrastructure, Real Estate, and Manufacturing sectors, facilitating financing exceeding ₹100 billion

Impact on Manappuram Finance

The appointment of Ashish N Chandak comes at a time when Manappuram Finance is showing strong financial performance. Based on the company's recent balance sheet data:

This appointment is likely to strengthen Manappuram Finance's compliance framework and governance practices, which is crucial for maintaining investor confidence and regulatory compliance in the rapidly evolving NBFC sector.

Chandak's Potential Contributions

Given his extensive experience, particularly in his previous role at YES Bank, Chandak is expected to:

1. Enhance the company's compliance and governance framework
2. Improve fraud risk management practices
3. Contribute to strategic decision-making in complex financial transactions
4. Strengthen the company's position in regulatory matters

As Manappuram Finance continues to grow, Chandak's expertise in evaluating and structuring large transactions could prove invaluable in the company's expansion strategies and risk management efforts.

The appointment of Ashish N Chandak as Group Chief Compliance Officer signals Manappuram Finance's commitment to maintaining robust compliance standards and strengthening its senior management team. This move is likely to be viewed positively by stakeholders and could contribute to the company's continued growth and stability in the competitive NBFC sector.

Manappuram Finance Limited , a leading non-banking financial company (NBFC) in India, has announced a significant addition to its senior management team. The company has appointed Sanjay Gangadharan Nambiar as Group General Counsel and Senior Management Personnel, effective December 1, 2025.

Extensive Legal Experience

Sanjay Gangadharan Nambiar brings an impressive 31 years of legal experience to Manappuram Finance, with over 25 years specifically in the banking and financial services sector. This extensive background positions him well to navigate the complex legal landscape of the financial industry.

Career Highlights

Nambiar's career trajectory showcases his expertise in various legal roles:

• Started as an Advocate at the Calicut Bar and Kerala High Court
• Served as Assistant Manager (Legal) at Kerala State Industrial Development Corporation Limited
• Held the position of Assistant General Manager (Legal) at IDBI Ltd. and the Stressed Assets Stabilization Fund under the Ministry of Finance
• Worked as Chief Manager (Legal) at ICICI Bank Ltd. and Asset Reconstruction Company (India) Ltd. (ARCIL)
• Most recently, served as Group General Counsel at YES Bank, leading a team of over 80 legal professionals

Educational Background

Nambiar's strong educational foundation includes:

• B.A. (Law), LL.B., and LL.M. from University of Calicut
• Senior Management Programme at IIM Kozhikode

Expertise and Achievements

Sanjay Gangadharan Nambiar is renowned for his expertise in banking regulations and corporate banking. His notable achievements include successfully managing major legal challenges, such as the reconstruction of YES Bank.

Manappuram Finance's Financial Position

While this appointment is a strategic move for Manappuram Finance, it's worth noting the company's recent financial position based on the latest available data:

The appointment of Sanjay Gangadharan Nambiar as Group General Counsel comes at a time when Manappuram Finance is showing growth in its financial metrics. This strategic addition to the senior management team may further strengthen the company's legal and regulatory compliance capabilities, potentially supporting its continued expansion in the competitive NBFC sector.

As Manappuram Finance continues to grow, the expertise of seasoned professionals like Nambiar will be crucial in navigating the complex legal and regulatory landscape of the financial services industry.