AAVAS Financiers' MD & CEO Sachinderpalsingh Bhinder resigns

The company further said that Sachinderpalsingh Jitendrasingh Bhinder will continue in a role as a senior advisor to the company to provide continuity and support as may be required.

The board has also approved appointment of Manu Yeshpal Singh as the managing director & chief executive officer of the company, with effect from 21 April 2026. This appointment is subject to receipt of approval from the Reserve Bank of India and approval of the shareholders of the company.

The appointment of Manu Yeshpal Singh as the managing director of the company will be effective upon the date of receipt of approval from the Reserve Bank of India and the shareholders of the company.

Manu Singh will join Aavas from Kotak Mahindra Bank, where he served as President - Business Head, Housing Finance, overseeing its home loans business. He brings more than 25 years of experience across Kotak Mahindra Bank, Tata Capital and ICICI Bank, with a track record of scaling retail lending businesses across markets.

His career spans sourcing, credit, operations and collections, with deep experience in operating within regulated environments and a strong focus on risk management, governance and execution discipline.

AAVAS Financiers is engaged in long-term financing activity in the domestic markets to provide housing finance.

The company?s standalone net profit jumped 16.13% to Rs 170.05 crore in Q3 FY26, compared with Rs 146.42 crore posted in Q3 FY25. Total income increased by 12.8% YoY to Rs 674.62 crore in Q3 FY26.

The scrip advanced 1.45% to currently trade at Rs 1375.20 on the BSE.