GREAVES COTTON : SUBSIDIARY GREAVES FINANCE APPOINTS MUKUL KANCHAN AS ED & CEO

• Greaves Finance Limited (GFL), wholly-owned NBFC subsidiary, appointed Mukul Kanchan as Executive Director & CEO effective October 1, 2026, subject to necessary approvals • Mukul brings nearly two decades of experience across lending, corporate finance, private equity and M&A; joins from Bengaluru-based Plum where he was CFO • Spent six years at Clix Capital, playing a key role in its 2016 acquisition of GE Capital's India lending businesses; earlier at D. E. Shaw Group and EY • Will lead GFL's next growth phase, scaling financing for electric two-wheeler buyers through ev.fin, its 100% EV-focused lending platform launched in 2023 • ev.fin works with EV manufacturers and dealer networks to offer point-of-sale financing, serving customers across 86 cities • Focus areas include deepening OEM partnerships including Ampere, broadening the funding base and sharp credit discipline

Greaves Cotton Ltd

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