Fusion Finance Limited has taken a strategic step in reshaping its leadership team. The company’s Board of Directors, in its meeting on March 14, 2025, approved the appointment of Mr. Sanjay Garyali as the new CEO, effective from March 17, 2025. This move marks a new phase for the company as it aims to strengthen its financial strategies and market position.
Who is Sanjay Garyali?
Mr. Sanjay Garyali brings a wealth of experience, with over 28 years in the financial industry. Before joining Fusion Finance, he played a pivotal role at L&T Finance, where he led the Urban Finance business, managing a substantial portfolio of INR 40,000 Crore. His expertise spans across Two-Wheeler loans, Consumer Finance, and Mortgages.
Some of his notable achievements include:
Spearheading the development of an advanced 5th generation credit engine.
Establishing innovative digital consumer finance products.
Expanding market share significantly in both prime and emerging markets.
Before his tenure at L&T Finance, Mr. Garyali was also associated with Kotak Mahindra Bank, where he managed home finance and mortgage operations. His educational background includes an MBA from Panjab University and a Bachelor of Engineering from BV College of Engineering, Pune.
Devesh Sachdev’s Role Transition
Alongside the appointment of Mr. Garyali, Fusion Finance has also announced a change in the designation of Mr. Devesh Sachdev. Effective March 17, 2025, he will transition from his role as “Managing Director & CEO” to “Managing Director.” This is part of a broader succession plan, wherein Mr. Sachdev is expected to eventually take on the role of Non-Executive Chairman of the Board.
This transition ensures that Mr. Sachdev remains actively involved in guiding the company, while also allowing a seamless handover of executive leadership to Mr. Garyali.
The appointment of an industry veteran like Mr. Garyali signals Fusion Finance’s commitment to innovation and expansion in the financial sector. With his deep expertise in credit risk management, digital transformation, and financial product development, Fusion Finance is well-positioned to enhance its market presence.
The leadership restructuring also demonstrates a well-planned succession strategy, ensuring stability and growth while adapting to the evolving financial landscape.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, or business advice. Readers should conduct their own research or consult with financial professionals before making any investment or business decisions. The information provided is based on publicly available announcements from Fusion Finance Limited and is subject to change.