Finance Desk Shuffle—Nikki Global Bids Adieu to Pal, Welcomes Gupta as CFO

Image Source: Trading View

Nikki Global Finance Ltd. has appointed a new leadership at the top with the exit of Mr. Sharad Pal as Chief Financial Officer (CFO) and the appointment of Mr. Gaya Prasad Gupta as new CFO, effective from July 4, 2025. This decision was approved by the company's Board of Directors and announced through a regulatory filing.

This is a significant transition in the fiscal leadership of the business as it continues to navigate the evolving landscape of NBFCs and pursue growth opportunities in the capital markets and lending businesses.

Leadership Transition Highlights

Leaving CFO: Mr. Sharad Pal, who was appointed as CFO in November 2022, has left the role. The business has not disclosed a reason for his departure.
Incoming CFO: Mr. Gaya Prasad Gupta, a seasoned finance professional and former director of the company, has been appointed as the new Chief Financial Officer effective July 4, 2025.
Board Approval: The appointment was made in accordance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) and has been filed with the Bombay Stock Exchange.

Strategic Context

Mr. Gupta's return to a senior executive role is well-timed as Nikki Global Finance seeks to strengthen its internal controls, expand its lending book and increase investor confidence. His past experience at the company as well as the financial services sector is set to bring continuity and strategic direction to the finance arm.

Sources: MarketScreener, Nikki Global Finance, Rediff Money, BSE India – Corporate Filings