Axis Finance Limited (AFL) has appointed Sai Giridhar as the Managing Director and CEO designate, pending regulatory approvals.

The transition comes as Bipin Saraf, the current MD & CEO, prepares to move back to Axis Bank to lead Bharat Banking after a decade of successfully steering Axis Finance. Saraf, who began his career at Axis Bank in 2003, was appointed to lead Axis Finance in 2013.

Sai Giridhar brings with him over 28 years of experience in banking, having held senior leadership roles in prominent private sector banks. Throughout his career, Giridhar has been pivotal in developing business strategies, managing P&L responsibilities, and driving growth in consumer lending.

On the appointment, Sai Giridhar said, “It is my pleasure and privilege to join the Axis Finance family. The Indian financial services industry is at an exciting stage of growth, and our board has set forth an expansive vision for Axis Finance. Our focus will be on delivering superior experiences and innovative products to our customers and partners. The entire team will work collectively to build a best-in-class organisation.”

He has also played a key role in areas such as consumer risk management, debt management, and spearheading innovations in digital technology to enhance business efficiency and customer focus.