Gujarat State Financial Corporation
Board Composition Change Details
Appointment: Small Industries Development Bank of India (SIDBI), Mumbai, nominated Shri Abhay Kumar Jain, Deputy General Manager of its Ahmedabad Branch Office, as a Director on the Board of Directors of Gujarat State Financial Corporation.
Legal Basis: Appointment made under Section 10(c) of State Financial Corporations Act, 1951.
Reference: SIDBI letter No. SIC/No 80920/GSFC/ND/SFC dated August 10, 2026.
Replacement: Shri Abhay Kumar Jain replaces Shri Dinesh Kumar.
Effective Dates:
- Shri Abhay Kumar Jain assumed office on August 17, 2026 (Business Hours)
- Shri Dinesh Kumar ceased to be a Director effective August 16, 2026 (Afternoon)
New Director Profile - Shri Abhay Kumar Jain
Age: 41 years
Education:
- B.Com from MDS University, Ajmer
- Post Graduate Diploma in Business Management from NDIM, New Delhi
Professional Experience:
- Started career as Assistant Manager with SIDBI
- 19 years of service in SIDBI in various capacities
- Served as Head of Branch Office
- Currently holds position of Deputy General Manager at SIDBI Ahmedabad Branch Office
Other Directorships: Does not hold directorship in any other company/association/corporation
Shareholding: Does not hold securities of Gujarat State Financial Corporation
Regulatory Status: Not debarred from holding office of Director by virtue of any SEBI order
Committee Membership: On assuming office, became Member of Stakeholders Relationship Committee of the Corporation
Relationship Disclosure: Not related to any Director or Key Managerial Personnel of the Corporation