FSFive-Star Business Finance543663Senior KMP change

Chief Risk Officer change: Shankar Subramanian appointed for 3 years, Jayaraman S steps down

Five-Star Business Finance's Board approved the appointment of Mr. Shankar Subramanian as Chief Risk Officer, categorised as Senior Management Personnel, effective October 26, 2026, for 3 (three) years.

By ScoutQuest · Mon 26 Oct 2026, 6:27 PM IST · 1 min read

Appointment

Mr. Shankar Subramanian as Chief Risk Officer, effective October 26, 2026

Term of Appointment

3 (three) years

Cessation

Mr. Jayaraman S, who stepped down from the post the same day due to internal movement within the Company

What changed

• On the recommendation of the Nomination & Remuneration Committee, the Board approved the appointment of Mr. Shankar Subramanian as Chief Risk Officer.
• He is also categorised as Senior Management Personnel, effective October 26, 2026.
• The term of appointment is 3 (three) years, effective from October 26, 2026.
• Mr. Jayaraman S ceases to be Chief Risk Officer and Senior Management Personnel effective October 26, 2026.

Reason given for the change

The update attributes Mr. Jayaraman S stepping down from the position to internal movement within the Company. The replacement is effective the same date.

Profile of the new Chief Risk Officer

• Mr. Shankar Subramanian is an MA (Economics) graduate and a bachelor's in commerce.
• He brings over 3 decades of experience across financial services, analytics, governance, venture ecosystems and growth-oriented businesses.
• His leadership experience covers governance, risk management, analytics and business transformation.
• Before joining Five-Star, he was associated with several companies in the financial services space as Head of Risk.

What this announcement is

• It is a disclosure of a change in senior management, covering both an appointment and a cessation, with the terms and the brief profile of the incoming officer set out in a tabular annexure.
• The Chief Risk Officer is the senior executive responsible for the company's risk framework, so a change in this seat relates to how lending and portfolio risks are overseen at the top level.
• The transition is recorded with a named successor taking over on the same date that the outgoing officer ceases to hold the post.

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