Arman Financial Services531179Routine director change

Subsidiary appoints Chandramouli Akkiraj as Chief Business Officer, Senior Management Personnel

Namra Finance Ltd, a wholly owned subsidiary, has appointed Mr. Chandramouli Akkiraj as Chief Business Officer and designated him a Senior Management Personnel, effective October 16, 2026.

By ScoutQuest · Fri 16 Oct 2026, 7:10 PM IST · 2 min read

Effective Date: October 16, 2026
Designation: Chief Business Officer and Senior Management Personnel
Prior Microfinance AUM Growth (2017-2023): approximately Rs. 90 crore to Rs. 1,500 crore

Appointment at the subsidiary level

Namra Finance Limited is a wholly owned subsidiary of the company.
The Board of Directors of Namra Finance Limited has appointed Mr. Chandramouli Akkiraj as Chief Business Officer and designated him as a Senior Management Personnel of Namra.
The appointment is with effect from October 16, 2026.
Mr. Chandramouli has rejoined Namra Finance Limited as Chief Business Officer, overseeing the company's microfinance portfolio.
He is not related to any Director of Namra Finance Limited or of the Company.

The appointee's background

He holds a Master's degree in Business Management from Andhra University and a certification in risk management from the Asian Institute of Management, Philippines.
He brings over 25 years of experience in financial services.
He has previously been associated with BASIX, KBS Local Area Bank, Belstar Financial Services, Heritage Finlease Limited and Namra Finance Limited.
As Chief Operating Officer of Namra Finance Limited from 2017 to 2023, he oversaw the growth of the company's microfinance AUM from approximately Rs. 90 crore to Rs. 1,500 crore, and was instrumental in steering the company through the COVID-19 pandemic.
His work across domestic and international markets includes professional exposure of 22 states in India and 12 countries overseas, the majority of them in Africa.
As a consultant, he successfully bid for two assignments: agricultural value chain financing with IFC in India, and Micro Lead Cameroon with UNCDF. He has also provided advisory services on agricultural value chain risk management to OIKO Credit's subsidiary in India.

What this means for readers

This is a change at the level of a wholly owned subsidiary rather than at the listed parent, and it concerns the appointment of a senior business head rather than a director or a promoter-group position. A Chief Business Officer is a senior operating role, and here it comes with the additional tag of Senior Management Personnel of Namra Finance Limited.

The update highlights that the appointee is returning to Namra Finance Limited, where he earlier served as Chief Operating Officer during a phase in which the microfinance AUM moved from approximately Rs. 90 crore to Rs. 1,500 crore. Readers who track the subsidiary's lending business may see this as continuity of leadership in that portfolio; the update itself records the appointment, the designation and the effective date, and the appointment carries no stated financial terms.

Also from Arman Financial Services

Subsidiary appoints Chandramouli Akkiraj as Chief Business Officer, Senior Management Personnel

CareEdge reaffirms CARE A- on ₹42.00 crore NCDs; outlook revised to Stable from Negative

Arman Financial Services Ltd promoter sells 0.005% stake

Half-yearly ISIN statement for five privately placed debt securities; coupon on one revised to 11.65%