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Warburg Pincus-backed Fusion Finance’s shares rose 5 per cent to ₹154 per share after the NBFC inducted Rajeev Sardana, former member of the Executive Management at HDFC, to its Board.
Sardana has been appointed as an additional non-executive independent director for 5 years. He brings over three decades of leadership experience and expertise in financial services, lending, retail assets, and credit risk management.
During his tenure at HDFC, he was a member of the Executive Management and headed the “Self-Employed Business” and “Loan Against Property” segment. He also held senior positions across retail lending and credit risk management functions.
In addition, the company said its Chief Executive Officer, Sanjay Garyali, has been appointed as a Whole-Time Director for a period of five years. The appointment has been approved by the RBI.
Nishant Monga has joined the company as the chief compliance officer, effective August 18, 2025. Monga is an experienced compliance and risk professional with over 27 years of experience across BFSI, services, and manufacturing sectors. The latest leadership changes come at a time when the company has been reporting improving credit quality and a stable capital position.
Published on August 18, 2025
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