Fusion Finance Welcomes Sanjay Garyali as CEO

In the latest turn of events, Sanjay Garyali is appointed the CEO of the microfinance lender Fusion Finance, according to the exchange filing on March 14. He will take over Devesh Sachdev’s responsibilities as the firm’s CEO effective Monday, March 17. 

Sanjay Garyali served as the Chief Executive – Urban Finance at L&T Finance, overseeing a ₹40,000 crore portfolio encompassing two-wheeler financing, consumer loans, and mortgages. Moreover, before joining L&T Finance, Garyali held multiple roles at Kotak Mahindra Bank for over 15 years. Based on LinkedIn data, his most recent position was as business head of housing finance and emerging markets.

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According to the company’s BSE Filings, “Mr. Sanjay Garyali has been appointed as the Chief Executive Officer of the Company, effective March 17, 2025. With over 28 years of experience in the finance industry, he brings a wealth of expertise in retail financial markets and a deep understanding of the key drivers in the sector.”

Challenges Ahead Of Sanjay Garyali

Moneycontrol mentioned that Sanjay Garyali would have to overhaul the strategies of the microfinance lender, as Fusion Finance reported a net loss of ₹1,060 crore for the nine months ending December 2024, in contrast to a net profit during the same period in the previous financial year.