According to the company’s disclosure, Ratra tendered his resignation through a letter dated August 14, 2025. His resignation will be effective from October 6, 2025.
First Quarter Results
IIFL Finance reported a 19% year-on-year decline in net profit at ₹233.4 crore for the first quarter ended June, from ₹288 crore posted in Q1FY25. Revenue from operations increased 12.7% to ₹2,952.8 crore against ₹2,621 crore a year ago.
Also Read: Muthoot, IIFL Finance shares recover after RBI governor clarifies on draft gold loan guidelines
IIFL Finance has announced a series of senior management changes effective July 30, 2025, based on the recommendations of its Nomination and Remuneration Committee. Mayank Sharma has been re-designated as the chief AI & innovation officer. He will also be designated as senior management personnel (SMP) of the company. Prior to this, he was serving as the head of internal audit.
KS Praveen has been appointed as the new chief of internal audit and will also be designated as SMP. Additionally, Binay Kumar Mishra has been appointed as the head – legal of the company, with the designation of SMP.
Shares of IIFL Finance Ltd ended at ₹441.10, down by ₹4.75, or 1.07%, on the BSE.
Also Read: IIFL Finance to raise ₹600 crore via private placement NCD issuance
