Manappuram Finance Ltd has appointed Deepak Reddy as its new Chief Executive Officer, effective today. Reddy has more than three decades of experience in the financial services sector, having worked across business operations and human resources. He joins Manappuram Finance from Bajaj Finserv Ltd., where he spent 17 years in various leadership roles. At Bajaj, he was involved in launching and managing businesses including business loans, personal loans, doctor loans, vendor financing and solar financing. In his most recent role, he headed the rural, insurance, and gold loan businesses.
He has also served as Head of Human Resources at Bajaj Finance Ltd. and later became the first Group Head of Human Resources at Bajaj Finserv Ltd., overseeing HR practices across the group. Prior to Bajaj, he worked at American Express for nine years, where he managed personal and small business loans and served as Director – Platinum Credit Cards. He began his career with MIRC Electronics Ltd. (ONIDA) and Standard Chartered Bank in distribution and partner management roles. He holds a Bachelor of Commerce degree and a PGDM from TAPMI, Manipal.
Commenting on the appointment, V. P. Nandakumar, Managing Director and current CEO of Manappuram Finance Ltd., said, “We are happy to welcome Mr Deepak Reddy as our new CEO. His vast experience in financial markets and in developing high-performance teams will not only strengthen the company’s core business but also open new avenues for growth and excellence.”
As CEO, Deepak will oversee Manappuram’s core businesses, including gold loans, vehicle finance, microfinance, MSME loans, housing finance, and digital lending, along with governance and organisational responsibilities.
The company’s Board of Directors confirmed the appointment and said it looked forward to Reddy leading the next phase of the company’s growth.
