Aavas Financiers is likely to see a change in leadership, with its current CEO expected to step down. The move comes as its majority investor, CVC Capital Partners, pushes for stronger growth and better performance.
Manu Singh from Kotak Mahindra Bank is being seen as the leading candidate to take over the role. The company has been under pressure due to slower business growth and weak stock performance in recent months.
The expected leadership change is aimed at bringing fresh direction to the company. It is likely to focus on expansion, improving performance, and strengthening its position in the housing finance market.