DHFL appoints Mr. Harshil Mehta as the CEO

Company Brief

National,January 13, 2015

Housing Finance Company, DHFL, has appointed Harshil Mehta as CEO Reporting to the CMD Kapil Wadhawan, Harshil who currently is the MD ofAadhar HFC, will be responsible for all businesses and operations of DHFL. He will take charge effective 17th Jan 2015.

DHFL, the flagship of Wadhawan Global Capital, is the second largest Private Sector Home Finance provider with AUM of Rs 45000 Cr, Gross income of Rs. 5000 cr and a Net Profit of Rs. 529 cr .(FY 2013-2014)

Announcing this move, Mr. Kapil Wadhawan, CMD, DHFL said:

DHFL’s vision as given by its former Late Chairman Shri Rajesh Kumar Wadhawan is to enable every Indian to own a home of his own. In line with this vision the Company has been working towards growing its business. Appointing Harshil as the CEO of DHFL is the culmination of a two month processes of aligning the Company’s top level structure to its growing book. Harshil will lead the team which will drive our ambitious plans over the coming years.

Speaking on the occasion, Mr Harshil Mehta said:

“I am excited to come onboard DHFL at this juncture. My task is to maintain the current growth rate and also the excellent portfolio quality, while preparing the organisation for the future.”

Harshil brings over 25 years of experience across Consumer and Financial Services Buisnesses.

Harshil Mehta is a MBA (Finance) from Graduate School of Business, Mississippi State University, USA.Mr. Harshil Mehta has served in prominent entities like Transamerica Commercial Finance, Chicago, a leader in Inventory Financing & Fortune 500 Company and Whirlpool, India. Harshil set up the Indian subsidiary of Transamerica and launched it’s inventory finance program . In ICICI Bank , Harshil worked as Head of Mortgages, Head of Service Quality, Business Head – Real Estate (property Services & Consulting) before finally heading ICICI Home Finance as CEO & Managing Director. Mr. Harshil Mehta has been MD of Aadhar Housing Finance Ltd. since its inception in January, 2011.

For further Information, Please Contact:

Rahul Sharma

Email: Rahul.sharma@ketchumsampark.com

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