Non-Banking Financial Company (NBFC) Poonawalla Fincorp announced the appointment of Arvind Kapil as Managing Director (MD) & Chief Executive Officer (CEO) of the company.

The current MD & CEO of the company, Abhay Bhutada, has been elevated to a group-level role and will be taking up a strategic position at the Cyrus Poonawalla Group, managing its strategy, investment, and finance.

He will continue to serve as a non-executive director on the board of Poonawalla Fincorp.