Ujiivan Financial Services appoints Sanjeev Barnwal as CEO

Ujiivan Financial Services said in the regulatory filing that the board approved the appointment of Mr. Sanjeev Barnwal, as Chief Executive Officer (CEO) effective from September 10, 2021, as per Section 203 of the Companies Act, 2013; he will continue to be the Company Secretary (CS) and Key Managerial Personnel (KMP) of the Company.

The Board today based on the recommendation of the Nomination and Remuneration Committee, has considered and unanimously approved the appointment of Mr. Sanjeev Barnwal, as Chief Executive Officer (CEO) effective from September 10, 2021, as per Section 203 of the Companies Act, 2013; he will continue to be the Company Secretary (CS) and Key Managerial Personnel (KMP) of the Company.

Mr. Sanjeev Barnwal is a qualified Company Secretary from the Institute of Company Secretaries of India and holds a Bachelor’s degree in Law and a Diploma in Business Management. He also received NSE’s Certification in Financial Markets (NCFM) for Compliance Officer (Corporate) Module. He has a corporate experience of over 17 years and prior to joining Ujjivan, he worked with SMC Capitals Limited as Associate Vice President and Company Secretary.

He has been a senior team member of the Company for over 7 years and has played pivotal roles in several key milestones including private equity raise, IPO & listing, banking licence application and processing, formation of the subsidiary, restructuring through slump sale and listing of the Bank. His corporate and investment banking experience plus his active interactions with the regulators, stock exchanges, investors, investment bankers, legal counsels, auditors and long association with Ujjivan will continue to add value in his larger role and responsibility as the CEO of the Company.

Ujjivan Financial Services Ltd ended at Rs157.20 up by Rs14.05 or 9.81% from its previous closing of Rs143.15 on the BSE.

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( With inputs from indiainfoline)