Aavas Financiers, a mortgage lender backed by CVC Capital Partners, is poised for a leadership change as managing director and CEO Sachinder Bhinder is expected to step down following dissatisfaction from the private equity firm regarding his performance. Manu Singh, currently leading home loans at Kotak Mahindra Bank, is likely to succeed him. This change comes as Aavas faces declining stock performance, with a market capitalization of approximately ₹10,000 crore and a 25% drop in stock value over the past six months. Analysts note that Aavas's loan disbursements are significantly below its competitors, which average ₹800-₹1,000 crore monthly, indicating a need for a strategic shift. Singh's extensive experience in retail lending, including over six years at Kotak, is expected to bring a renewed focus on growth and operational efficiency as Aavas navigates a competitive landscape. The leadership transition is part of a broader reset following CVC's acquisition, aiming to enhance execution and growth metrics in the affordable housing finance sector.