Five Star Business Finance Ltd, a prominent player in the Indian financial sector, announced a significant leadership change today. Mr. Rangarajan Krishnan, the company’s Joint Managing Director and Chief Executive Officer, has tendered his resignation after a decade-long tenure. The Board of Directors officially accepted his resignation at their meeting held on July 28, 2025. The development marks a pivotal moment in the company’s journey, with Mr. Krishnan set to be relieved from his duties at the end of business hours on August 14, 2025.
Key Highlights of the Announcement
-
Mr. Rangarajan Krishnan, who has served Five Star Business Finance for 10 years, has decided to resign from his roles as Joint Managing Director, CEO, and Director to embark on a new entrepreneurial venture.
-
The Board, following the recommendation of the Nomination and Remuneration Committee, accepted his resignation in a meeting convened on July 28, 2025.
-
Mr. Krishnan’s last working day with the company is scheduled for August 14, 2025, after which he will formally step down from all executive responsibilities.
-
The company’s Chairman and Managing Director, Mr. Lakshmipathy Deenadayalan, expressed sincere appreciation for Mr. Krishnan’s invaluable contributions during his tenure and extended best wishes for his future endeavors.
Leadership Continuity: A Smooth Transition
To ensure business continuity and reassure stakeholders, Five Star Business Finance has confirmed that Mr. Lakshmipathy Deenadayalan will continue in his current role as the Managing Director. He will oversee the company’s day-to-day operations, maintaining stability and strategic direction during this transition period. This minimises any operational gaps and affirms the company’s commitment to steady growth and service quality.
The Board’s Response and Forward Path
The Board, in its official communique, recognized and appreciated Mr. Krishnan’s pivotal role in the growth and transformation of Five Star Business Finance over the past decade. His leadership is credited with spearheading key expansion initiatives, strengthening the company’s footprint in retail finance, and fostering a culture of innovation within the organization.
Management noted that the departure comes as Mr. Krishnan has chosen to pursue new entrepreneurial opportunities, highlighting his drive for continuous growth and personal new challenges.
Transition Timeline and Stakeholder Assurance
-
July 28, 2025: Mr. Krishnan submitted his resignation and the Board accepted it on the same day during its officially convened meeting.
-
August 14, 2025: Mr. Krishnan’s last working day, marking the formal handover of all responsibilities.
-
Post August 14, 2025: Mr. Lakshmipathy Deenadayalan will remain the sole Managing Director, ensuring the company moves ahead seamlessly.
Stakeholders, employees, and customers are assured that Five Star Business Finance’s robust corporate governance and management team remain firmly in place, committed to sustaining the company’s momentum and market standing.
Appreciation and Industry Context
The Board’s message was one of gratitude, lauding Mr. Krishnan for his service, vision, and leadership. His decade at Five Star included navigating complex market dynamics and guiding the company through various growth phases, earning respect across India’s financial services sector.
Today’s news reflects the dynamic nature of the financial sector and showcases Five Star’s proactive approach to executive transitions—ensuring leadership continuity, strategic resilience, and a people-centric ethos.
Source: Official communication from Five Star Business Finance Ltd, July 28, 2025.
