Finkurve Appoints Siddharth Purandare as CEO, Changes RTA, and Grants ESOPs
Finkurve Financial Services appointed Siddharth Purandare as CEO effective December 13, 2026, and accepted Naveen Kottala's resignation from October 20, 2026. The company is changing its RTA to Purva Sharegistry and granted 4,50,000 ESOPs at an exercise price of ₹65.
The appointment of a new CEO and the change in RTA are significant operational and governance changes that could impact the company's future direction and administrative efficiency. The ESOP grant is also a notable event for employee incentives.
The announcement involves a change in CEO and RTA, along with ESOP grants. While the appointment of a new CEO with significant experience is positive, the resignation of the previous CEO and the change in RTA are neutral operational events.
Finkurve Financial Services Limited announced key decisions from its Board of Directors meeting held on October 1, 2026. The company will change its Registrar & Transfer Agent (RTA) from MUFG Intime India Private Limited to Purva Sharegistry (India) Private Limited for its equity shares. This transition will occur after necessary data shifting and approvals from NSDL and CDSL.
Furthermore, the Board accepted the resignation of Mr. Naveen Kottala as Chief Executive Officer, effective at the close of business hours on October 20, 2026. Subsequently, on the recommendation of the Nomination and Remuneration Committee, Mr. Siddharth Purandare has been appointed as the new CEO, effective December 13, 2026. Mr. Purandare brings over 23 years of experience in the financial services industry, with a background in business leadership, credit risk, and sales strategy.
The company also appointed Mr. Hussain Mohammed Pittalwala as Chief Compliance Officer, effective October 1, 2026. In addition, the Board approved the grant of 4,50,000 Employee Stock Options under the "Finkurve ESOP Plan -2018" to employees. The exercise price for these options is set at ₹65 per option, with a vesting period of a minimum of one year from the grant date.
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Finkurve Financial Services Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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