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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.
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RPSG’s Sudhir Langer exits days before IPL 2026
Timing sharpens focus on stake sale buzz and LSG’s tightening financial playbook
MUMBAI: RPSG ( RP-Sanjiv Goenka) Ventures has sprung a late leadership surprise just as the IPL drumroll begins. Sudhir Langer will step down as whole-time director and from the board effective March 31, days after the 2026 Indian Premier League season kicks off on March 28.
The timing is hard to ignore. RPSG Ventures owns Lucknow Super Giants, and Langer’s exit lands in a narrow pre-tournament window when operational focus is typically at its peak.
The move also coincides with chatter around a potential stake sale. According to a Moneycontrol report, the RPSG Group, led by Sanjiv Goenka, is exploring options to offload up to a 15 per cent stake in the franchise. There has been no official confirmation.
RPSG had acquired the Lucknow franchise in November 2021 for Rs 7,090 crore, among the highest bids in IPL history. The team operates under RPSG Sports Private Limited and carries a sizeable annual franchise fee obligation of Rs 709 crore through FY31.
Financials underline both scale and strain. The franchise remains heavily reliant on central revenue distribution from the Board of Control for Cricket in India. In H1 FY26, it received Rs 399 crore as its share of franchise rights, compared with Rs 458 crore in FY25, the single largest contributor to income.
Total revenue for H1 FY26 stood at Rs 495.9 crore, with profit at Rs 63.7 crore. Yet FY25 saw a softer showing: revenue fell about 20 per cent to Rs 557 crore, weighed down by fewer matches and a lower league finish in the 2024 season. Growth has since been modest, with H1 FY26 revenue rising roughly 3 per cent year on year.
That leaves LSG balancing on a familiar IPL tightrope: strong central inflows, volatile on-field-linked earnings and a hefty fixed fee burden.
With a leadership exit, stake-sale speculation and a new season about to begin, Goenka’s cricket bet is entering a decisive phase—where timing, performance and capital strategy will all have to click.
