Fusion Finance Announces Major Leadership Overhaul with New Director Appointments Aug 17, 2025
Fusion Finance has implemented significant changes in its leadership structure. Mr. Rajeev Sardana and Mr. Sanjay Garyali have been appointed as Additional Non-Executive Independent Director and Whole Time Director, respectively. The company has also made key management changes, including new appointments for Company Secretary, Chief Compliance Officer, and Interim Head of Internal Audit. These changes aim to strengthen governance, compliance, and support future growth plans.
Fusion Finance Reports Widened Net Loss and Revenue Decline in Q1 FY26 Aug 08, 2025
More news about Fusion Finance
24May 25
Fusion Finance Reports Q4 FY25 Net Loss of Rs 165 Crore, Breaches Financial Covenants
Fusion Finance, a microfinance lender, reported a net loss of Rs 165 crore for Q4 FY25, contributing to an annual net loss of Rs 1,225 crore for FY25. The company breached financial covenants on Rs 4,763 crore of borrowings, potentially making these loans repayable on demand. Fusion Finance has obtained extensions for Rs 4,080 crore and is in discussions for the remaining amount. The company's Q4 FY25 revenue declined by 29.49% year-over-year to Rs 476 crore, with EBITDA dropping by 95.35%. The Gross NPA ratio stood at 7.92% as of March-end, indicating asset quality concerns.
12May 25
Fusion Finance's ₹800 Crore Rights Issue Oversubscribed, Bolstering Financial Position
Fusion Finance Limited (FFL) successfully completed its rights issue, raising ₹800 crore with a 1.5 times oversubscription. The issue comprised 6.11 million partly paid-up equity shares at ₹131 per share. FFL's financial metrics for FY 2024 show significant growth, with total assets increasing by 25.75% to ₹11,774.30 crore and current assets rising by 38.93% to ₹1,699.10 crore. The company serves 3.66 million customers and reported an Asset Under Management of ₹10,599.37 crore as of December 31, 2024.
14Mar 25
Fusion Finance Appoints Sanjay Garyali as New CEO Amid Financial Challenges
Fusion Finance Limited has appointed Sanjay Garyali as its new CEO, effective March 17, 2025, replacing Devesh Sachdev who will transition to Managing Director. This leadership change comes as the company faces significant financial challenges, reporting a net loss of ₹1,059.98 crore for the nine months ended December 31, 2024, compared to a profit of ₹372.60 crore in the previous year. The company is grappling with covenant breaches on borrowings of ₹5,288 crore and a substantial increase in impairment on financial instruments. Garyali, with 28 years of finance industry experience, is tasked with steering the company through its current financial difficulties.
20Feb 25
Fusion Finance Announces Rs 800 Crore Rights Issue to Boost Capital Adequacy
Fusion Finance Limited plans to raise Rs 800 crore through a rights issue, aiming to boost its capital adequacy ratio above 30% and strengthen its balance sheet. The announcement follows positive Q3 FY24-25 results, showing improved business parameters, enhanced loan portfolio quality, and strong MSME lending growth. The company's Q3 earnings call, held on February 13, 2025, provided further insights into its performance.