Home / Business and Economy / Manappuram CEO Steps Down Amidst Personal Leave
Manappuram CEO Steps Down Amidst Personal Leave
3 Jul
Summary
- CEO Deepak Reddy resigned on July 3, 2026.
- He will continue until December 31, 2026, on garden leave.
- Reddy previously took medical leave in February 2026.
Manappuram Finance Ltd, the second-largest pure-play gold loan NBFC, announced a significant leadership change on July 3, 2026. Chief Executive Officer Deepak Reddy has tendered his resignation, which will be effective from the close of business hours on December 31, 2026.
Reddy's resignation comes after he had previously taken a medical leave starting February 25, 2026, for overseas treatment. The company stated that he will continue to fulfill his duties until his departure date and will observe a garden leave period. He is stepping down to pursue other personal and professional opportunities.
The announcement was made in a regulatory filing, and the company's shares closed at ₹328.50 on the BSE, marking a 1.88% increase.
