AAVAS Financiers Appoints Anjali Karamnarayan Seth as Independent Director; Soumya Rajan Resigns
AAVAS Financiers Limited Appoints Anjali Karamnarayan Seth as Additional Non-Executive Independent Director for a Five-Year Term from October 27, 2026, While Soumya Rajan Resigns Effective October 26, 2026
AAVAS Financiers Limited has appointed Anjali Karamnarayan Seth as an Additional Non-Executive Independent Director for a five-year term from October 27, 2026, to October 26, 2031. The company has also announced the resignation of Soumya Rajan as a Non-Executive Independent Director, effective October 26, 2026.
Seth is a lawyer with over 40 years of professional experience advising leading banks, financial institutions and large corporations on mergers and acquisitions, private equity investments, industrial and employee relations, corporate governance and real estate negotiations.
During her career, Seth has worked with the International Finance Corporation (IFC), gaining global experience in project financing, client negotiations and engagement with regulatory and statutory authorities, including the Ministry of Finance and the Reserve Bank of India. Her responsibilities also involved working with external solicitors and legal counsel, interpreting World Bank Group-specific legal frameworks and advising headquarters on local laws and regulations.
Seth has also served as Legal Head for India at Standard Chartered Bank and worked with Swaadhar Finserve, a microfinance company, where she played an instrumental role in securing its Non-Banking Financial Company (NBFC) licence. She was also associated with Emaar Properties, one of the largest real estate companies in the UAE, and contributed to establishing the in-house legal department of ANZ Grindlays Bank.
In addition to her professional experience, Seth currently serves as an Independent Director on the boards of Kalpataru Limited, Centrum Capital Limited, Nirlon Limited and Assets Care & Reconstruction Enterprise Limited.
Her appointment brings extensive legal, financial services and corporate governance expertise to AAVAS Financiers’ board as the company undergoes a change in its independent directorship.