Manappuram Group gets Buvanesh Tharashankar as Group CFO

Manappuram Group has announced the appointment of Buvanesh Tharashankar as its Group Chief Financial Officer (Group CFO).

In his new role, he will provide strategic financial leadership across all Manappuram Group companies and work closely with the Board and senior management to strengthen financial governance, capital efficiency, and long-term value creation.

As Group CFO, Buvanesh will oversee financial strategy, accounting, treasury, taxation, regulatory engagement, and investor relations, ensuring robust financial discipline, governance, and compliance across the Group.

Extensive Experience

Buvanesh is a Chartered Accountant with over three decades of experience across leading banking and financial services institutions in India and overseas. He is widely recognised for his expertise in financial strategy and planning, capital and balance sheet management, regulatory interface, governance, investor engagement, and business analytics.

Prior to joining Manappuram Group, he served as Chief Financial Officer at RBL Bank Ltd, where he led the core finance function, including regulatory reporting, statutory audits, taxation, procurement, and payables.

Earlier, he was CFO at Jana Small Finance Bank, overseeing capital planning, investor relations, regulatory reporting, statutory audits, and treasury back-office and governance functions.

Previously in his career, he held several senior leadership roles at Citibank in India and the Middle East, including Cluster Controller for the India Subcontinent and Lead CFO roles overseas.

His work at Citi spanned capital management, ICAAP, balance sheet optimisation, SOX 404 compliance, Basel II implementation, financial planning and analysis, and large-scale re-engineering initiatives that delivered significant cost efficiencies and improved returns on equity.

Leadership Remarks

Commenting on the appointment, V. P. Nandakumar, Chairman and Managing Director, Manappuram Finance Ltd, said, “I am pleased to welcome Buvanesh as our new Group Chief Financial Officer.”

He added, “His deep and diverse experience across banking and financial services, along with strong capabilities in financial strategy, capital management, governance, and regulatory engagement, will be critical as we progress on our Manappuram 2.0 strategy and pursue sustainable value creation across the Group.”

About Manappuram Finance Ltd

Manappuram Finance Ltd is one of India’s leading gold loan NBFCs, specialising in finance against gold ornaments.

Incorporated in 1992 by V. P. Nandakumar, the Company is headquartered in Valapad, Thrissur district, Kerala. Manappuram Finance went public in August 1995 and is listed on the BSE.

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