Mumbai: Aye Finance Limited, a leading fintech NBFC focused on providing business loans to micro and small enterprises, has announced the appointment of Gaurav Seth as its Chief Financial Officer (CFO). The move comes on the back of strong financial performance, with the company recently reporting a more than two-fold increase in net profit to Rs 86 crore for the fourth quarter.
In his new role, Seth will oversee treasury, financial control, and governance functions, playing a pivotal role in strengthening the company’s financial framework as it scales its footprint within India’s MSME lending ecosystem.
With over 27 years of experience across the BFSI sector, Seth brings deep expertise spanning insurance, housing finance, and payments banking. He has previously held CFO roles at leading organisations such as IIFL Home Finance and Airtel Payments Bank, where he drove profitability, led large-scale fund raises, and implemented digital finance transformation initiatives alongside robust governance practices.
Commenting on the appointment, Sanjay Sharma, Managing Director, Aye Finance, said, “We are pleased to welcome Gaurav to the leadership team at Aye Finance. His deep expertise across financial services, coupled with his experience in scaling businesses and strengthening financial controls, will be invaluable as we continue to expand our reach and enhance our offerings for underserved MSMEs.”
On his appointment, Gaurav Seth, Chief Financial Officer, Aye Finance, said, “Aye Finance has built a strong platform focused on enabling financial inclusion for micro and small businesses. I look forward to partnering with the team to further strengthen financial resilience, drive sustainable growth, and support the company’s long-term strategic priorities.”
Seth’s appointment comes at a strategic juncture as Aye Finance focuses on accelerating growth, improving operational efficiency, and deepening its presence in the MSME financing segment. His experience in capital optimisation, treasury management, and regulatory frameworks is expected to support the company’s next phase of expansion.
