Appointment follows RBI approval; focus on portfolio quality, governance and sustainable growth.
Asirvad Micro Finance Ltd, a subsidiary of Kerala-based Manappuram Finance Ltd, has elevated GD Manoj Pasangha as its Managing Director and Chief Executive Officer (MD and CEO), following approval from the Reserve Bank of India (RBI).
Pasangha joined Asirvad as Co-Chief Executive Officer in October 2025. Before joining Asirvad, he served as President and Deputy Chief Executive Officer of IIFL Samasta Finance Ltd.
“The appointment comes as Asirvad focuses on strengthening portfolio quality, governance and compliance, and building a resilient, sustainable business,” per a Manappuram Finance statement.
Asirvad has a lending portfolio of about ₹8,000 crore in on-book assets, comprising approximately 70 per cent microfinance and 30 per cent gold loans.
VP Nandakumar, Chairman, Asirvad Micro Finance, said: “We are confident that, as MD and CEO, Pasangha will further strengthen the company’s operational capabilities and drive sustainable growth, while upholding the highest standards of governance, compliance and customer service.”