Aavas Financiers sees top-level churn: CFO and CRO to exit, interim replacements named

In a significant leadership churn, mortgage lender Aavas Financiers has announced that its Chief Financial Officer Ghanshyam Rawat and Chief Risk Officer Ashutosh Atre have tendered their resignations.

Both executives will be on garden leave beginning June 21, 2026 — relieved of active duties while remaining on the payroll through the notice period ending September 21, 2026.

In similarly worded resignation letters uploaded to the exchanges, both Rawat and Atre cited "personal and professional commitments" as the reason for their departure.


The company has named interim successors with immediate effect. Ghanshyam Gupta has been appointed Interim Chief Financial Officer, while Punit Purushottam Agarwal has been named Interim Chief Risk Officer.

The simultaneous departure of both the CFO and CRO — two of the most critical financial and risk oversight roles at any lending institution — is an unusual development at Aavas Financiers and raises serious questions about stability at the top.

The exits compound an already turbulent period for the company. Less than two months ago, then-CEO Sachinder Bhinder was shown the door by CVC Capital Partners, which holds a majority stake in the mortgage lender — making this the second major leadership disruption at Aavas Financiers in quick succession.