Poonawalla Fincorp Limited has announced the designation of two key executives as Senior Management Personnel, effective December 11, 2025. The Board of Directors made this decision based on recommendations from the Nomination and Remuneration Committee, following changes in the organizational hierarchy.

Executive Appointments

The company has designated the following executives as Senior Management Personnel:

Professional Background - Manish Verma

Mr. Manish Verma brings extensive experience as a seasoned finance leader with 25+ years in Indian financial markets. His expertise spans wholesale debt markets, treasury operations, and fixed-income structuring.

Career Highlights

• Managing Director & Co-Head - Wholesale Debt Markets at InCred Capital: Built and scaled WDM, Intermediary, and Merchant Banking verticals, driving NCD volumes of over ₹450.00 billion and leading proprietary book management in government and corporate bonds
• Previous Leadership Roles: Senior positions at Trust Capital, SPA Limited, and SMIFS Securities, where he delivered market-share gains, set up high-performing teams, and managed large proprietary books
• Education: B.Sc. (Honours) from Mithibai College, University of Mumbai

Professional Background - Vadakke Madathil Maneesh Kumar

Mr. Vadakke Madathil Maneesh Kumar is a seasoned operations leader with over 20 years of experience in the lending industry, specializing in operations management, process automation, and customer experience enhancement.

Career Journey

• Chief Operations Officer at SBFC Finance: Managed operations, service, and admin functions while streamlining co-lending processes and implementing regulatory compliance frameworks
• Senior Leadership Roles: Positions at Bajaj Finance, Bajaj Housing Finance, HSBC, HDFC Bank, and ICICI Bank, leading large-scale operations, underwriting, and service delivery functions
• Innovation Focus: Proven track record of introducing RPA, building digital platforms, and redesigning processes for real-time reconciliation and customer-centric solutions
• Education: Masters degree in Financial Management from Mumbai University and completed the Accelerated Management Program at the Indian School of Business

Regulatory Compliance

This announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The designation aligns with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full regulatory compliance.

Strategic Implications

The designation of these executives as Senior Management Personnel reflects Poonawalla Fincorp's focus on strengthening its leadership structure across critical business functions. Both appointments leverage the executives' extensive experience in their respective domains - investor relations and operations management - positioning the company for enhanced operational efficiency and stakeholder engagement.

Poonawalla Fincorp has successfully completed the full implementation of its Credit AI technology across its personal loan division, marking a significant technological advancement in the company's lending operations.

Technology Integration Achievement

The financial services company has achieved complete deployment of its artificial intelligence-powered credit assessment system within its personal loan segment. This technological integration represents a major milestone in the company's digital transformation strategy.

Impact on Personal Loan Operations

The full implementation of Credit AI technology is expected to streamline the company's personal loan processing capabilities. The artificial intelligence system will enhance credit evaluation processes and improve operational efficiency within this specific lending segment.

Strategic Technology Advancement

This development demonstrates Poonawalla Fincorp's commitment to leveraging advanced technology solutions in its financial services operations. The successful deployment of AI-powered credit systems positions the company to enhance its competitive capabilities in the personal lending market.

The completion of this technological implementation marks an important step in the company's ongoing efforts to modernize its lending infrastructure and improve customer service delivery through advanced digital solutions.