Asirvad Microfinance Ltd. appoints Mr Gerard David Manoj Pasangha as Co-Chief Executive Officer

Valapad, Thrissur, 3rd November, 2025: Asirvad Microfinance Ltd., a leading microfinance company and a material subsidiary of Manappuram Finance Limited, is pleased to announce the appointment of Mr. Gerard David Manoj Pasangha as its Co-Chief Executive Officer (Co-CEO).

In his new role, Mr. Manoj Pasangha will spearhead Asirvad’s expansion strategy, enhance operational excellence, and drive innovation in product offerings and service delivery. He will work closely with the senior leadership team to strengthen Asirvad’s commitment to financial inclusion and sustainable growth across India. He will be based in Valapad, Kerala.

Mr. Manoj Pasangha brings over three decades of leadership experience across the financial services industry. Before joining Asirvad, he served as President and Deputy CEO at IIFL Samasta, where he played a pivotal role in expanding the organization’s footprint and enhancing operational efficiency. His earlier roles include Executive Vice President at ING Life India and Chief Operating Officer South Zone at Bharat Financial Inclusion Ltd. (a 100% subsidiary of IndusInd Bank), where he was instrumental in advancing digital transformation and inclusive finance initiatives.

A people-centric leader, Mr. Manoj Pasangha combines strategic vision with empathy. He inspires teams through inclusive collaboration, fosters talent development, and empowers managers to take ownership. His resilience and emotional intelligence have helped organizations navigate regulatory changes, digital transformation, and crises with confidence.

Speaking on his appointment, Mr. Manoj Pasangha, Co-CEO, Asirvad Microfinance Ltd., said:

“I am excited to join Asirvad Microfinance, an organization that stands for purpose-driven growth and empowerment through financial inclusion. The company has built a strong foundation rooted in customer-centricity, governance, and innovation. I look forward to working closely with the leadership team to deepen our impact and scale responsibly while delivering value to millions of underserved households.”

Welcoming him to the leadership team, Mr. V. P. Nandakumar, Chairman of Asirvad Microfinance Ltd., said:

“We are delighted to welcome Mr. Manoj Pasangha to Asirvad’s leadership team. His extensive experience and deep understanding of the financial ecosystem will further strengthen our ability to bridge the credit gap and drive inclusive growth. As we continue to build scale and operational excellence, his expertise will be instrumental in guiding Asirvad through its next phase of expansion.”