Mumbai: Axis Finance Limited (AFL), one of India’s rapidly growing non-banking financial companies, has appointed Sai Giridhar as the Managing Director & CEO ‘designate,’ pending regulatory approval.
Bipin Saraf, who has served as MD & CEO since 2013 after starting his career at Axis Bank in 2003, will transition back to Axis Bank to lead Bharat Banking. This change will take place following regulatory approval.
Sai Giridhar brings over 28 years of banking experience, having held leadership roles in several top private sector banks. He has a strong track record in strategy execution for various business areas, with expertise in managing end-to-end P&L and driving growth in consumer lending. His contributions have included advancements in consumer risk management, debt management, and initiatives focused on innovation, digitization, and customer-centric solutions.
Welcoming Sai Giridhar to Axis family, Amitabh Chaudhry, Chairperson, Axis Finance Ltd. said, “Axis Finance has grown over the years, expanded its presence across the country, built a strong employee base and has also transitioned to add Retail and SME business capabilities rather than just being a corporate lending entity. As Axis Finance enters its next chapter of its growth, I’m delighted to welcome Sai Giridhar to Axis Finance. I am confident that with Sai’s leadership, the team is well-positioned to take Axis Finance to newer heights as they enhance their efforts to strengthen the market positioning of Axis Finance in the NBFC space.”
On the appointment, Sai Giridhar said, “It is my pleasure and privilege to join the Axis Finance family. The Indian financial services industry is at an exciting stage of growth, and our board has set forth an expansive vision for Axis Finance. Our focus will be on delivering superior experiences and innovative products to our customers and partners. The entire team will work collectively to build a best-in-class organization.”
