Magma Fincorp appoints Sanjay Miranka as Group CFO
Recently, Poonawalla group acquired non-banking finance company Magma Fincorp announced the joining of Sanjay Miranka as its Group Chief Financial Officer. Miranka will lead the group’s resource raising, regulatory compliance & governance, investor interactions, corporate legal, and work with the MD and Group CEO on the strategic transformation.
Before joining Magma, Miranka was associated with Aditya Birla Finance (ABFL) for close to 18 years in various capacities such as Head of Capital Market Lending Business and later as CFO, according to a statement.
Miranka is a qualified CA and CS, with over 26 years of experience across a diverse set of industries like Financial Services, Edible Commodities, and Telecom.
Abhay Bhutada, Managing Director, Magma Fincorp, states, “Sanjay joins us at this important phase when the company is going through a strategic shift. I am certain that his deep and extensive experience across a diverse set of industries including both the asset and liability side of a lending business, his drive for operational excellence, and setting up of best practices will benefit us immensely as we continue to position the brand for the future. I am confident that he would be a great addition to the team and will provide strong leadership.”
“I would like to extend my gratitude to the Poonawalla group and the Board of Directors for giving me the opportunity to be part of this growth journey. I look forward to partnering with the team to execute the company’s vision and enhance value for its shareholders, people, and all stakeholders,” said, Sanjay Miranka, Group CFO, Magma Fincorp.