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Updated: July 18, 2025 20:31
SSPN Finance Ltd has embarked on a historic leadership transition with the appointment of Devjeet Chakraborty as Chief Executive Officer and Additional Director, effective 18th July, 2025. The strategic realignment is a new dawn for the company as it looks to reinvigorate its financial services platform and expand its operational footprint.
Key Highlights:
- Devjeet Chakraborty is skilled in the areas of finance, sports tech, and institutional partnerships. A former BCCI-certified coach and Ranji Trophy cricketer, he is a seasoned leadership professional at Olympia Sportz, iCOREts, and Ascent Sigmax.
- The appointment was also sanctioned at the board meeting on July 18 and will be confirmed by the shareholders at the subsequent general meet.
- Bhupesh Kumar, the former CEO, resigned from the position on July 11 but will remain a Director on the Board.
Strategic Implications:
- Chakraborty's appointment will be expected to bring entrepreneurial drive and cross-industry expertise to SSPN's business, especially as the business moves toward developing a multi-asset financial services platform.
- His track record of synergizing financial planning with technology puts SSPN in a position to venture into new-generation solutions in loan syndication, private equity, and project advisory.
Forward Outlook:
- The transition is occurring since SSPN is undergoing promoters' reclassification and governance reorganization to boost market credibility and transparency.
- Shareholders and investors should be eagerly awaiting a new focus on strategic partnerships, operating efficiency, and innovation under the leadership of Chakraborty.
Sources: Blinkx, BSE India, Screener.in, Simply Wall St, Bloomberg Markets
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