Arohan Financial Services Limited announces appointment of Ranjan Das as Chief Risk Officer

Arohan Financial Services Limited, an Aavishkaar Group company and one of the Top 5 NBFC MFIs in the country announced today that Ranjan Das is appointed as the Chief Risk Officer (CRO) of the company effective March 1, 2020. Ranjan is a seasoned business leader who has worked in senior roles across the banking and financial services industry.
Ranjan has led the Risk & Credit Department of the organisation and has been instrumental in introducing the advanced risk & credit analytics, an advanced NPA forecasting module while transitioning to large data handling and analyses. Under his guidance and mentorship, the Risk function of Arohan has been awarded the ‘Best Risk & Resilience framework’ among NBFC-MFIs as evaluated by MFIN in association with Dun & Bradstreet, two years back.
Under this new role, Ranjan will report to the Chairperson of the Risk Sub Committee of the Board. “This new role is reflective of the criticality of having a holistic and independent risk view across our business processes and various functions when the company crosses a milestone INR 5000 Cr portfolio outstanding.” said Mr. Manoj Kumar Nambiar, Managing Director, Arohan.
Ranjan has rich experience in Risk management and control, Risk & Portfolio Analytics, Credit & Product policy formulation, and Credit underwriting. He has worked with reputed organisations in the BFSI space such as Citigroup, Magma Fincorp Ltd, Transafe Ltd and Nicco UCO Financial Services Ltd. He joined Arohan in July 2017, from Magma Fincorp Ltd where he worked as the National Credit Head and then as the National Product & Policy Head. Ranjan holds a Bachelor's degree in Economics (Honours) and a Master’s degree in Business Management in Finance from the University of Kolkata.
Speaking on his appointment as CRO, Ranjan said, “I have been a part of this company and have watched it grow. I look forward to the new role as CRO in building on the great foundation and helping achieve growth potential of the company while managing the allied risks well.”

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