Management Appointments Summary

Aye Finance Limited announced the elevation of four senior leaders to Chief-level positions as part of strengthening its leadership team for the company's next phase of growth. The appointments recognize leaders who have played instrumental roles in strengthening the company's core functions.

Detailed Appointment Information

Ankur Sharma - Chief Human Resources Officer

  • Has led the Human Resources function since 2018
  • Played a key role in scaling Aye Finance's people practices during rapid expansion
  • Under his leadership, the organization grew to over 11,000 employees
  • Strengthened culture, talent development, and employee experience
  • Contributions supported Aye Finance's consistent recognition among India's Top 10 Great Places to Work

Piyush Maheshwari - Chief Credit and Operations Officer

  • Joined Aye Finance in 2015
  • Instrumental in building the company's credit framework and underwriting discipline
  • Successfully steered the organization through multiple credit cycles
  • Continuously strengthened risk management practices
  • Led the growth of Aye's Platform Business

Akash Purswani - Chief Collection Officer

  • Joined the company in 2019
  • Transformed collections function into a unified, technology-enabled and process-driven operation
  • Strengthened portfolio quality
  • Ensured balanced approach towards customer engagement, asset quality and long-term delinquency management

Sovan Satyaprakash - Chief Strategy & Investor Relations Officer

  • Member of Aye Finance's first management trainee batch
  • Joined in 2016 and emerged as one of the company's key strategic leaders
  • Currently leads Strategy, Product and Supply Chain Business
  • Played pivotal role in the company's successful IPO
  • Will additionally lead Investor Relations in expanded role

Management Commentary

Sanjay Sharma, Managing Director, Aye Finance, commented: "At Aye Finance, the strength and capability of our leadership team elevate our performance. As our organisation has grown, we have, over the years, proactively re-energised and strengthened our leadership. I am pleased to congratulate Ankur, Piyush, Akash and Sovan on their promotions and look forward to their continued contributions to Aye Finance's growth. These elevations reward their consistent delivery of top results. Their young energy and fresh perspectives will further drive our increasing scale and complexity across credit, people, collections and strategy."

Strategic Context

The leadership appointments reflect Aye Finance's continued focus on building a future-ready organization with strong governance, operational excellence and customer-centricity. The strengthened leadership team will play a critical role in driving innovation, enhancing institutional capabilities and delivering long-term value for customers, employees and shareholders as the company continues to scale its business.

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:

  • Business loans for working capital and business expansion needs
  • Loans against hypothecation of working assets or against security of property
  • Services to customers across manufacturing, trading, service and allied agriculture sectors

Key Business Metrics (as of June 2026)

  • Assets Under Management (AUM): ₹7,324 Crores
  • Geographic Presence: 18 states and 3 union territories
  • Employee Strength: Over 11,000 employees
  • Average Ticket Size (ATS) on disbursement: ₹0.17 million
  • Market Position: Among leading NBFCs providing business loans to micro-scale enterprises in India

The company's expertise in underwriting business cash flows of various business clusters has enabled it to maintain stable credit costs and profitably scale up operations.