Ashish Chandak Appointed as Group–Chief Compliance Officer at Manappuram Finance Limited
Manappuram Finance Limited, one of India’s leading non-banking financial companies (NBFCs), has announced the appointment of Ashish Chandak as its new Group–Chief Compliance Officer (Group-CCO). The appointment underscores the company’s continued focus on strengthening governance, regulatory compliance, and risk management across its diversified financial services portfolio.
In his new role, Ashish Chandak will be responsible for overseeing group-wide compliance frameworks, ensuring adherence to regulatory requirements set by the Reserve Bank of India (RBI) and other statutory authorities. He will also play a key role in enhancing compliance culture, monitoring regulatory changes, and aligning internal policies with evolving regulatory expectations.
Ashish Chandak brings with him extensive experience in compliance management, regulatory affairs, and corporate governance within the BFSI sector. Over the years, he has worked closely with senior leadership teams to build robust compliance mechanisms, manage regulatory audits, and implement best-in-class governance practices. His deep understanding of NBFC regulations and risk controls is expected to add significant value to Manappuram Finance’s compliance architecture.
Commenting on the appointment, a company spokesperson said that the leadership team is confident Ashish Chandak’s expertise will further strengthen Manappuram Finance’s compliance posture at a time when regulatory oversight and governance standards are becoming increasingly stringent across the financial services industry.
Manappuram Finance Limited operates across multiple financial verticals, including gold loans, microfinance, vehicle finance, housing finance, and digital lending. With its growing footprint and expanding product portfolio, the company continues to prioritize regulatory discipline, transparency, and ethical business practices as core pillars of sustainable growth.
The appointment of a Group–Chief Compliance Officer reflects Manappuram Finance’s proactive approach toward risk mitigation and long-term value creation for stakeholders. It also aligns with broader industry trends, where NBFCs are reinforcing compliance leadership to navigate complex regulatory environments and build greater trust with customers and regulators alike.
With Ashish Chandak at the helm of group compliance, Manappuram Finance aims to further strengthen its governance framework and support its strategic growth ambitions in a responsible and compliant manner.
