GSB Finance Ltd has appointed Vivek Kumar Singhal as Managing Director following its recent ownership change. Singhal, part of the acquirer group that purchased 55.25% stake, will lead the company’s strategic growth. The move signals renewed focus on expansion and governance in India’s financial services sector.
GSB Finance Ltd has announced the appointment of Vivek Kumar Singhal as its new Managing Director, marking a significant leadership transition following the company’s recent change in ownership. The move comes after the successful completion of an open offer, which saw new acquirers take control of the firm.
Key Highlights
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Leadership Appointment: Vivek Kumar Singhal, one of the lead acquirers in the open offer, has been entrusted with steering GSB Finance into its next phase of growth.
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Ownership Transition: The open offer concluded in October 2025, with Singhal and partners acquiring 55.25% of the voting share capital at ₹13 per share, totaling ₹4.24 crore.
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Strategic Direction: Under new management, GSB Finance is expected to focus on strengthening its financial services portfolio and exploring fresh opportunities in the NBFC space.
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Market Impact: Analysts believe the leadership change signals a renewed push for expansion, improved governance, and enhanced shareholder value.
This appointment underscores GSB Finance’s commitment to revitalizing its operations under experienced leadership, positioning the company for sustainable growth in India’s evolving financial sector.
Sources: ScanX News, MarketScreener, Trendlyne