Fusion Finance Appoints Sushil Kumar Menon as New CIO, Sanjay Mahajan Resigns
Fusion Finance Limited appointed Mr. Sushil Kumar Menon as Chief Information Officer and Senior Managerial Personnel, effective March 20, 2026. Concurrently, Mr. Sanjay Mahajan resigned from the CIO position on the same date. Mr. Menon will also continue as CISO temporarily.
A change in key management personnel, particularly in a role like Chief Information Officer, can have a medium-term impact on the company's IT strategy, security, and digital transformation initiatives. The new appointee's experience is noted.
The announcement details a change in management, specifically the resignation of one executive and the appointment of another. This is a routine corporate action and does not inherently suggest a positive or negative financial outlook.
Fusion Finance Limited announced that its Board of Directors, in a meeting held on March 20, 2026, approved the resignation of Mr. Sanjay Mahajan from the position of Chief Information Officer, effective the same day.
Following the recommendations of the Nomination and Remuneration Committee, the Board also approved the appointment of Mr. Sushil Kumar Menon as the new Chief Information Officer (CIO) and designated him as Senior Managerial Personnel, also effective March 20, 2026. Mr. Menon, who joined Fusion Finance Limited as Chief Information Security Officer (CISO) on April 8, 2024, will continue to hold the CISO position during an interim period in addition to his new role as CIO.
Mr. Menon brings over 27 years of experience in IT strategy, information security, and digital transformation, having previously held key leadership roles at organizations such as Satin Creditcare Network Ltd., Bata India, and Ericsson. He is not related to any Director, Key Managerial Personnel, or Senior Managerial Personnel of the Company. The board meeting commenced at 06:25 PM IST and concluded at 06:55 PM IST.
What to do with a filing like this
Fusion Finance 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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See the model portfoliosA plain-language summary of a public exchange filing by Fusion Finance Limited. Read the original for the full detail.