Date: September 16, 2026
Leadership Appointment
Aye Finance Limited announced the appointment of Nishit Shrivastava as its Chief Technology Officer (CTO). In this role, Shrivastava will lead the company's technology strategy and drive the next phase of technology-led transformation as the company scales its lending operations and deepens its presence in India's underserved micro-enterprise segment.
Executive Background
Nishit Shrivastava brings over 24 years of experience in software development and financial services technology, with extensive experience across fintech, digital transformation, technology strategy, and enterprise platforms. Prior to joining Aye Finance, he served as Chief Information and Technology Officer at Muthoot Fincorp (Muthoot Pappachan Group), where he led technology initiatives spanning customer experience, data engineering, modern infrastructure, digital transformation, security, technology resilience, and enterprise AI.
Technology Focus Areas
At Aye Finance, Nishit will focus on strengthening the company's technology architecture and digital capabilities, with an emphasis on building scalable, secure and resilient platforms. He will play a key role in leveraging data, AI and emerging technologies to enhance technology-enabled lending, improve operational efficiency and support better customer experience.
Management Commentary
Sanjay Sharma, Managing Director of Aye Finance, commented: "We are delighted to welcome Nishit to the Aye Finance leadership team. Technology has always been central to how we serve India's micro-enterprises. As we enter the next level of growth, the ability to integrate intelligent models and build scalable technology platforms will become even more important. Nishit's deep experience across financial services technology, digital transformation and enterprise-scale technology initiatives will be valuable as we continue to strengthen our technology capabilities and deliver greater efficiency and customer value."
Nishit Shrivastava, Chief Technology Officer, stated: "Aye Finance has built a differentiated lending model by combining technology, data and a deep understanding of the micro-enterprise ecosystem. I am excited to join at a time when technology is playing an increasingly important role in making credit more accessible, efficient and responsive. I look forward to working with the team to build technology capabilities that can scale with the business, strengthen digital and data-led decision-making, and create a secure and seamless experience for Aye Finance's customers."
Company Background
Aye Finance is a non-banking financial company – middle layer ("NBFC-ML") focused on providing loans to micro-scale MSMEs across India. The company offers a range of business loans for working capital and business expansion needs, against hypothecation of working assets or against security of property to customers across manufacturing, trading, service and allied agriculture sectors.
Business Scale and Operations
Aye Finance is among the leading non-banking financial companies providing business loans to micro-scale enterprises in India, operating across 18 states and 3 union territories. The company has assets under management (AUM) of ₹7,324 Crores as of June 2026. Aye offers small-ticket business loans with an average ticket size (ATS) on disbursement of ₹0.17 million to micro enterprises. The company's expertise in underwriting business cash flows of various business clusters has enabled it to maintain stable credit costs and to profitably scale up its operations.