Thiruvananthapuram: Muthoot FinCorp (MFL), the flagship financial services company of the 138-year-old Muthoot Pappachan Group (Muthoot Blue), has announced the appointment of Arun Kumar B as Chief Operating Officer and Harjit Singh Takkar as Chief Distribution Officer. The leadership additions are aimed at strengthening execution capabilities and expanding the company’s distribution footprint across India.
The appointments come as Muthoot FinCorp accelerates its growth strategy, with a focus on scaling operations, deepening customer reach, and improving productivity across its network of over 3,750 branches and its digital platform, the Muthoot FinCorp ONE app.
Arun Kumar B brings nearly two decades of experience spanning financial services, technology transformation, strategy, product management, customer analytics and operations. Prior to joining Muthoot FinCorp, he was associated with CreditAccess Grameen, where he led enterprise-level technology transformation and data strategy initiatives. He also played a key role in integrating operations, products and technology during a major merger in the microfinance sector, while helping scale individual lending and non-credit offerings, including insurance and pension products.
At Muthoot FinCorp, Arun will lead the company’s operational excellence agenda and strategic growth initiatives, driving cross-functional execution and enhancing efficiency across the business. A Gold Medalist from Anna University and a postgraduate from IIM Indore, he is certified in Design Thinking, Blue Ocean Strategy and Business Analytics.
Harjit Singh Takkar takes on the newly created role of Chief Distribution Officer, reporting directly to the CEO. The position has been established to strengthen the company’s distribution engine, enable faster decision-making and enhance governance across its network.
Takkar brings over 28 years of experience in retail banking and distribution, having held senior leadership roles at IndusInd Bank, Bandhan Bank, Yes Bank and ICICI Bank. He has a track record of scaling branch networks, strengthening savings and asset portfolios, and building customer-centric, high-performing teams. A qualified Company Secretary with a Master’s Degree in Finance and Control, Takkar also brings strong governance expertise.
At Muthoot FinCorp, he will oversee branch business and distribution channels, focusing on expanding reach, improving productivity and reinforcing the company’s pan-India distribution network as it enters its next phase of growth.
Commenting on the appointments, Shaji Varghese, Chief Executive Officer of Muthoot FinCorp Ltd., said, “As an organisation, we continue to invest in leadership capabilities as we scale our operations. Our purpose is to improve the financial well-being of the common man. As we grow, strengthening leadership across key functions is important to ensure consistency in execution and customer experience,” he said.
Shaji further added, “the two appointments bring complementary strengths in operations and distribution, which will support the company’s next phase of growth.”
Muthoot FinCorp said it will continue to invest in people, processes and technology to drive long-term growth and enhance customer service across its business segments.
