L&T Financial Director Sanjay Garyali Appoints CEO of Microfinance Lender Integration Finance
According to a communication document on Friday, March 14, the former CEO of Sanjay Garyali, L&T Financial Services, will join the CEO of Microfinance lender financing.
Sanjay Garyali will take over Devesh Sachdev’s role as CEO on Monday, March 17.
“Mr. Sanjay Garyali was appointed CEO of the company, effective March 17, 2025. With over 28 years of experience in the financial industry, he brings extensive expertise to the retail financial markets and a deep understanding of the key drivers of the industry.
Who is Sanjay Garyali?
Sanjay Garyali is CEO (CEO) of L&T Financial Services, who manages ₹40 billion rupees, which include two-wheeler, consumer loans and mortgages sectors.
“His role involves developing policies, developing infrastructure and creating distribution networks for mortgage loans, and optimizing the cost structure of the two-wheeler business to increase profitability,” according to the application data. ”
Garyali has held various positions at Kotak Mahindra Bank for over 15 years before serving as CEO of L&T Financial Services. His last position at Kotak is head of business in housing finance and emerging markets, according to data collected from LinkedIn.
according to MoneyControl Report Garyali will have to reverse microcredit lender, which has net losses ₹For the nine months ending December 2024, net profit in the same fiscal year as in the previous quarter was 106 billion.
Fusion Finance shares closed 3.33% ₹141 after Thursday’s market meeting, by comparison ₹145.85 closed in the previous stock market. The announcement of the new CEO appointment was made on Friday, March 14. Indian stock markets are closed due to Holi holiday in 2025.
