Aye Finance Strengthens Leadership Team with Four Chief-Level Appointments to Support Next Phase of Growth

Aye Finance Limited, a technology-driven non-banking financial company (NBFC) focused on lending to micro-enterprises, has strengthened its senior leadership team with the elevation of four experienced executives to Chief-level positions.

The company announced the leadership changes on August 10, 2026, saying the appointments are aimed at supporting its next phase of growth, strengthening institutional capabilities and deepening financial inclusion across India.

Aye Finance is listed on the stock exchanges under NSE: AYE and BSE: 544699.

Four Senior Leaders Elevated to Chief-Level Roles

As part of the leadership restructuring, Aye Finance has appointed:

• Ankur Sharma as Chief Human Resources Officer (CHRO)
• Piyush Maheshwari as Chief Credit and Operations Officer
• Akash Purswani as Chief Collection Officer
• Sovan Satyaprakash as Chief Strategy & Investor Relations Officer

According to the company, the four leaders have played important roles in strengthening their respective functions and preparing Aye Finance for its next stage of expansion.

Management Sees Leadership Strength as Key to Future Growth

Commenting on the appointments, Sanjay Sharma, Managing Director of Aye Finance, said the strength and capability of the leadership team have been important contributors to the company’s performance.

He said the organisation has proactively strengthened its leadership as the business has expanded, and congratulated the four executives on their promotions.

The company believes their experience, energy and fresh perspectives will help Aye Finance manage its increasing scale and complexity across credit, people, collections and strategy.

Ankur Sharma to Lead Human Resources as CHRO

Ankur Sharma has been leading Aye Finance’s Human Resources function since 2018.

During his tenure, he has been involved in developing and scaling the company’s people practices as the organisation expanded rapidly. Aye Finance’s workforce has now grown to more than 11,000 employees.

His responsibilities have included strengthening the company’s culture, talent development initiatives and employee experience.

The company also credits these efforts for supporting its continued recognition among India’s Top 10 Great Places to Work.

Piyush Maheshwari Takes Charge of Credit and Operations

Piyush Maheshwari joined Aye Finance in 2015 and has played a key role in developing the company’s credit framework and underwriting discipline.

Over the years, he has helped the company navigate multiple credit cycles while strengthening its risk-management practices.

Maheshwari has also led the growth of Aye Finance’s Platform Business.

His elevation to Chief Credit and Operations Officer highlights the importance of credit discipline, underwriting capabilities and operational execution in Aye Finance’s long-term growth strategy.

Akash Purswani to Head Collections

Akash Purswani joined Aye Finance in 2019 and has played a significant role in transforming the company’s collections function.

Under his leadership, the collections operation has evolved into a more unified, technology-enabled and process-driven function.

The company said these efforts have helped strengthen portfolio quality while maintaining a balanced approach to customer engagement, asset quality and long-term delinquency management.

Purswani will now lead the collections function as Chief Collection Officer.

Sovan Satyaprakash Gets Expanded Strategy and Investor Relations Role

Sovan Satyaprakash is another long-serving member of Aye Finance’s leadership team. He joined the company in 2016 as part of its first management trainee batch.

He has since developed into one of the company’s key strategic leaders.

Satyaprakash currently oversees Strategy, Product and Supply Chain Business and played an important role in Aye Finance’s successful IPO.

With his expanded responsibilities, he will additionally oversee Investor Relations.

The company expects the expanded role to strengthen communication and engagement with the investment community while aligning strategic priorities with long-term value creation.

Leadership Strengthening Comes as Aye Finance Scales

The latest appointments indicate Aye Finance’s focus on building a future-ready organisation as it expands its business.

The company said the strengthened leadership structure will focus on areas including:

• Stronger governance
• Operational excellence
• Technology-led processes
• Customer-centricity
• Credit and risk management
• Portfolio quality
• Employee development
• Strategic growth
• Investor engagement

For investors, the appointments are particularly relevant because credit quality, collections, risk management and operational execution are critical factors for a lender serving India’s micro-enterprise segment.

Aye Finance’s Micro-Enterprise Lending Business

Aye Finance Limited is an NBFC-Middle Layer (NBFC-ML) focused on providing loans to micro-scale MSMEs across India.

The company offers business loans primarily for working capital and business expansion requirements. These loans are provided against hypothecation of working assets or against security of property.

Its customer base spans several sectors, including:

• Manufacturing
• Trading
• Services
• Allied agriculture

Aye Finance focuses on micro-scale enterprises that remain relatively underserved by traditional financial institutions.

AUM Stands at ₹7,324 Crore as of June 2026

Aye Finance operates across 18 states and 3 Union Territories in India.

According to the company’s latest disclosure, its Assets Under Management (AUM) stood at ₹7,324 crore as of June 2026.

The company follows a small-ticket lending model, with an average ticket size on disbursement of ₹0.17 million, or approximately ₹1.7 lakh, to micro enterprises.

Aye Finance says its understanding of business cash flows across different business clusters has helped it maintain stable credit costs while scaling its operations profitably.

What the Leadership Changes Mean for Aye Finance

The elevation of four internal leaders to Chief-level positions represents more than a routine management restructuring. It highlights the company’s effort to build deeper leadership capabilities as its loan book, employee base and overall operations expand.

The appointments bring together expertise across human resources, credit, operations, collections, strategy and investor relations.

For Aye Finance, maintaining disciplined underwriting, effective collections and strong risk management will remain important as it continues to serve India’s large but underserved micro-enterprise segment.

At the same time, the addition of Investor Relations responsibilities to Sovan Satyaprakash’s role could help strengthen communication between the company and the investment community following its IPO.

Aye Finance’s latest leadership appointments underline its focus on strengthening the organisation for its next phase of growth.

With a presence across 18 states and 3 Union Territories, an AUM of ₹7,324 crore as of June 2026, and a workforce of more than 11,000 employees, the company has built a sizeable platform focused on India’s micro-enterprise lending market.

The company now expects its strengthened leadership team to help drive innovation, operational efficiency, stronger institutional capabilities and long-term value creation for customers, employees and shareholders.

This article is based on the press release issued by Aye Finance Limited on August 10, 2026. Investors should conduct their own research and review official company filings before making investment decisions.