Mangalam Industrial Finance Limited at its board meeting held on 24 April, 2024, accepted the resignation of Mr. Akhtar Khatri from the position of Chief Financial Officer and Key Managerial Personnel of the company with effect from April 10, 2024. The board of Directors approved appointment of Mr. Arun Pillai as the Chief Financial Officer and Key Managerial Personnel (KMP) of the Company, with effect from April 24, 2024 as recommended by the Nomination and Remuneration Committee and based on the approval of the Audit Committee of the Company. Mr. Arun Pillai completed his M.B. A (Finance & Marketing) from S.M.U University, Indore and B.S.C from Sagar University.

He has vast experience of working as a banking professional for more than 12+ years having expertise in understanding Financial Services, Customer Relationship Management, Resource productivity and Team Management. He has previously worked with HDFC Bank Ltd. as Assistant Vice President - Branch head.