Poonawalla Fincorp Limited announced that Mr. Sanjay Chamria has stepped down as the Executive Vice Chairman of the Company after serving as the co-founder since inception of the Company. Throughout the years the Company has seen several highlights, one of the biggest being the investment by Rising Sun Holdings Private Limited and Mr. Adar Poonawalla joining the board as the Chairman. This investment has increased the shareholder value and has poised the Company to achieve robust growth and herald a new journey under the new management and the new promoter. With the new leadership team having taken full charge under the chairmanship of Mr. Adar Poonawalla, the new promoter, Mr. Chamria has decided to step down as the Executive Vice Chairman and also from the Board of the Company.