Mumbai: Poonawalla group acquired Magma Fincorp Ltd is pleased to announce the joining of Sanjay Miranka as its Group Chief Financial Officer (Group CFO) effective today.
Sanjay will lead the group’s resource raising, regulatory compliance and governance, investor interactions, corporate legal, and work with the MD and Group CEO on the strategic transformation.
Sanjay is a qualified CA and CS and comes with over 26 years of rich experience across a diverse set of industries like Financial Services, Edible Commodities and Telecom.
He was till recently associated with Aditya Birla Finance Ltd (ABFL) for close to 18 years in various capacities such as Head of Capital Market Lending Business and later as CFO.
In his tenure as CFO, ABFL’s long term credit rating moved up from “AA+” to “AAA” and he has been instrumental in diversifying the funding sources and achieving one of the lowest cost of funds in the NBFC sector.
For his outstanding contribution, he was conferred with “The Best CA CFO Award in Large Corporate BFSI Category” by the Institute of Chartered Accountants of India (ICAI) in 2020.