Thiruvananthapuram, India | Feb. 25, 2026: Muthoot FinCorp (MFL), the flagship financial services company of the 138 year old Muthoot Pappachan Group (Muthoot Blue), recently appointed Arun Kumar B as Chief Operating Officer and Harjit Singh Takkar as Chief Distribution Officer as part of efforts to strengthen its execution and expand distribution Pan-India.
The appointments come as the company looks to scale operations, deepen customer reach, and improve productivity across its offices, network of over 3,750 branches, and the Muthoot FinCorp ONE app.
Arun Kumar B, Chief Operating Officer at Muthoot FinCorp, brings close to two decades of experience across financial services, technology transformation, strategy, product management, customer analytics, and operations. He has a proven track record of scaling tech-enabled microfinance operations, driving product innovation, and re-engineering business processes to improve efficiency and impact.
Prior to joining Muthoot FinCorp, Arun was with CreditAccess Grameen, where he led enterprise-level technology transformations and data strategy initiatives, and played a pivotal role in integrating operations, products, and technology during a major merger in the microfinance sector. He also helped build and scale individual lending products as well as non-credit offerings including insurance and pension products.
At Muthoot FinCorp, Arun will lead the organisation’s journey towards operational excellence and strategic growth, driving seamless execution across functions and strengthening efficiency across the business. Arun is a Gold Medalist from Anna University and a postgraduate from IIM Indore. He is also certified in Design Thinking, Blue Ocean Strategy, and Business Analytics.
Harjit Singh Takkar joins Muthoot FinCorp as Chief Distribution Officer; a newly created leadership role aimed at strengthening the company’s distribution engine and enabling faster decision-making and stronger governance across the network. He will report directly to the Chief Executive Officer.
Takkar brings over 28 years of experience in retail banking and distribution, with a strong track record in building and transforming large-scale branch banking ecosystems, scaling branch networks, strengthening savings and asset portfolios, and building high-performing, customer-first teams.
He has held leadership roles at IndusInd Bank, Bandhan Bank, Yes Bank, and ICICI Bank, consistently delivering growth through execution excellence, people leadership, and trusted banking practices.
Alongside his distribution expertise, Takkar brings strong governance acumen and is a qualified Company Secretary with a Master’s Degree in Finance and Control.
At Muthoot FinCorp, he will lead branch business and distribution channels, focusing on expanding reach, improving productivity, and strengthening the company’s distribution network as it enters its next phase of growth.
Commenting on the appointments, Shaji Varghese, Chief Executive Officer of Muthoot FinCorp Ltd., said, “As an organisation, we continue to invest in leadership capabilities as we scale our operations. Our purpose is to improve the financial well-being of the common man. As we grow, strengthening leadership across key functions is important to ensure consistency in execution and customer experience,” he said.
Shaji further added, “the two appointments bring complementary strengths in operations and distribution, which will support the company’s next phase of growth.
Muthoot FinCorp said it will continue to invest in people, processes, and technology to support long-term growth and improve customer service across its businesses.
