Former Infosys CFO V Balakrishnan has joined the Association of NBFC P2P Platforms as a patron member. The new grouping brings together P2P lending industry players aiming to represent India’s NBFC-P2P sector at key forums and influence policy and industry discussions.
Sebi’s WTM Mohanty said many frauds could have been prevented if CFOs acted as the first line of control over management activities. Speaking at a CFO summit organised by FICCI, he argued that stronger oversight and earlier checks could have reduced wrongdoing, implying that accountability within firms should begin at the finance chief level.
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M2P Fintech has appointed Vivek Seshadri as its group chief financial officer, aiming to tighten capital discipline and strengthen internal systems ahead of a potential IPO in India. With over 15 years of experience from investment banking and investor relations, Seshadri’s role is positioned as groundwork for a future public listing.
Expedia Group has named Derek Andersen, previously a finance leader at Snap, as its new CFO. He starts on May 11 and will report to CEO Ariane Gorin. The move comes as online travel faces potential AI disruption, while outgoing CFO Scott Schenkel leaves after roughly 16 months in the role.
Drishti Group has appointed Vipan Joshi as its new Chief Financial Officer. The seasoned finance leader brings more than 23 years of experience across multiple sectors, including education. In his role, Joshi will oversee financial strategy, strengthen risk management, and ensure compliance as the company looks to support growth with tighter controls and planning.
Bengaluru payments firm Cashfree has named Sameer Gandhi as its new Chief Financial Officer. Gandhi previously headed finance at Visa India, and will now steer Cashfree’s financial strategy and commercial operations. The appointment is aimed at supporting the company’s plan for faster growth and improved profitability in the coming quarters, even as it processes over $80 billion in annual transactions.
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Indian firms are seeing CFO churn, with many executives leaving well before their two-year mark. Misaligned roles and unclear responsibility boundaries are a key driver, alongside career grabs and delays tied to IPO timelines. Turnover is higher in fast-moving consumer sectors, while internal succession planning, strong onboarding, and decision autonomy help retain leaders.
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