Muthoot Capital reshuffles risk and audit leadership

KERALA: Muthoot Capital Services has tightened its control room. The non-banking finance company has announced changes to its senior management, strengthening its audit and risk functions as regulatory scrutiny sharpens across the sector.

Krishnaraj S has been appointed chief internal auditor for a three-year term with effect from January 22, 2026. A chartered accountant with over 19 years of experience, he brings deep expertise in finance, risk and compliance. Krishnaraj began his career at Bharti Airtel and later held senior risk roles at Nitta Gelatin India, where he designed internal control frameworks and oversaw enterprise-wide risk management. He is also a certified Six Sigma Green Belt professional.

Separately, the company has re-appointed Umadevi Pazhoor Unnikrishnan as chief risk officer for another three-year term starting March 22, 2026. With more than 18 years in banking and financial services, she has worked across credit appraisal, credit risk, market risk and operational risk, alongside experience in finance, MIS, internal audit and statutory compliance.

The changes were disclosed under Regulations 30 and 51 of the SEBI Listing Regulations and communicated to both BSE and NSE.

As lenders brace for tighter oversight and more volatile cycles, Muthoot Capital is signalling a clear message: risk and audit are no longer back-office functions—they sit firmly at the centre of the business.