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India

Indiabulls Housing Finance Ltd (INBF.NS)

INBF.NS on National Stock Exchange of India

792.90INR
14 Dec 2018
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Rs17.20 (+2.22%)
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Summary

Name Age Since Current Position

Sameer Gehlaut

43 Executive Chairman of the Board, Founder

Gagan Banga

2015 Vice Chairman of the Board, Chief Executive Officer, Managing Director

Mukesh Garg

2016 Chief Financial Officer

Sachin Chaudhary

2017 Chief Operating Officer, Executive Director

Nafees Ahmed

2016 Chief Information Officer

Amit Jain

Compliance Officer, Company Secretary

Ashwini Kumar

2016 Deputy Managing Director, Executive Director

Ashwin Mallick

Head - Liabilities & Treasury

Ajit Mittal

Executive Director

Manvinder Walia

2017 Director, Sales – Home Loans

Ramnath Shenoy

2017 Head - Analytics and Investor Relations

Ripudaman Bandral

National Sales Head, LAP

Rajiv Gandhi

Head - Commercial Credit

Vijay Nehra

Head, Credit – Commercial

Somil Rastogi

Head - Credit Retail

Manjari Kacker

65 Non-Executive Director

Subhash Mundra

64 2018 Independent Director

Shamsher Ahlawat

67 2017 Non-Executive Independent Director

Kamalesh Chakrabarty

2017 Non-Executive Independent Director

Prem Mirdha

2017 Non-Executive Independent Director

Gyan Misra

2016 Non-Executive Independent Director

Bisheshwar Singh

Non-Executive Independent Director

Labh Sitara

78 Non-Executive Independent Director

Biographies

Name Description

Sameer Gehlaut

Mr. Sameer Gehlaut is Executive Chairman of the Board, Founder of Indiabulls Housing Finance Ltd. Mr. Gehlaut, is a first generation entrepreneur, has been spearheading the Group since its inception. Under his leadership, within a span of 13 years, Indiabulls Group has emerged as a business conglomerate with business interests across sectors. Mr. Gehlaut holds a degree in mechanical engineering from the Indian Institute of Technology, Delhi. Mr. Sameer Gehlaut is also on the board of Indiabulls Finance Company Private Limited, Indiabulls Real Estate Limited, Indiabulls Power Limited., Karanbhumi Estates Private Limited, Meru Minerals Private Limited, Ceres Real Estate Private Limited, Indiabulls Mining Private Limited, Ceres Power Transmission Private Limited, Ceres Electricity Distribution Private Limited, Indiabulls Electricity Distribution Private Limited, Inuus Infrastructure Private Limited, Galax Minerals Private Limited, Inuus Land Development Private Limited, Inuus Real Estate Private Limited, Inuus Developers Private Limited, Inuus Properties Private Limited, Orthia Real Estate Private Limited, Orthia Properties Private Limited, Ceres Energy Private Limited, Mugwort Real Estate Private Limited, Valerian Real Estate Private Limited, Calleis Real Estate Private Limited, Indiabulls Infrastructure And Power Limited, Cleta Infracon Private Limited and Indiabulls Property Management Trustee Pte. Ltd.

Gagan Banga

Mr. Gagan Banga serves as Vice Chairman of the Board, Chief Executive Officer, Managing Director of the Company. Mr. Gagan Banga, holds a Post Graduate Diploma in Management and has 19 years of industry experience. He brings deep operational knowledge and first-hand experience in shaping the business strategy of the Company. Mr. Banga has been managing the Company since inception, first in his capacity as the Chief Executive Officer and now as the Vice-Chairman, Managing Director & CEO of the Company. He is also a director on the Board of OakNorth Bank Limited, GSB Advisory Services Private Limited, Indiabulls Distribution Services Limited, Indiabulls Ventures Limited and IVL Finance Limited. He is also a member of board constituted Risk Management Committee,Corporate Social Responsibility Committee, Investment Committee, Management Committee and Compensation Committee of the Company. He is also a member of Securities Issuance Committee and Management Committee of Indiabulls Ventures Limited and member of Management Committee of IVL Finance Limited

Mukesh Garg

Mr. Mukesh Kumar Garg serves as Chief Financial Officer of the Company. Mr. Mukesh Gargan, industry veteran with 28 years of experience is the Chief Financial Officer at Indiabulls Housing Finance Limited since 2008. He is responsible for the overall financial and business planning, performance monitoring, financial forecasting and analysis, taxation and cash flow management for the company. He is also integral to activities such as process improvement and formulation of standard operating procedures, result declaration and auditing of balance sheet, Governance and Control issues ensuring statutory compliance. Prior to Indiabulls Housing Finance he was the Chief Financial Officer for Bharti Telesoft Ltd., a Bharti Group company, where he was notably instrumental in negotiating international agreements on business issues with clients like Nokia, Ericson, France Telecom and MTS Russia. He has also successfully secured a Venture Capital Funding of $13.5 Mn while at Bharti. He holds a Bachelor of Commerce degree from Delhi University. He is a Chartered Accountant (All India Rank 7) and also a Company Secretary.

Sachin Chaudhary

Mr. Sachin Chaudhary serves as Chief Operating Officer, Executive Director of the Company. Having Joined in 2006, he has been instrumental in transforming Indiabulls Housing Finance into a leading housing finance company. Mr. Chaudhary’ has more than 19 years of experience working with leading banks, NBFCs and housing finance companies. Prior to joining Indiabulls Housing Finance, he has worked at leadership positions for GE Money and ICICI Bank notably. He is an alumnus of the Centre for Management Development and holds an Executive MBA from Columbia Business School.

Nafees Ahmed

Mr. Nafees Ahmed is Chief Information Officer of the Company. Mr. Nafees Ahmed, is an industry veteran with more than 20 years of experience, is the Chief Information Officer of the Indiabulls Group, managing the entire information technology portfolio. A passionate proponent of the Digital India movement, he has laid great emphasis on developing and implementing innovative ideas to improve user efficiencies through various automations and major digital initiatives at Indiabulls. His influence has been key to providing greater customer experience and optimizing internal efficiencies with the use of technology, thus transforming Indiabulls Housing Finance. He began his career with Intersolutions Pvt. Ltd. where he worked for over 6 years on various software development projects followed by his time at Ebookers as a project manager overseeing the development of new software for the hospitality industry.

Amit Jain

Ashwini Kumar

Mr. Ashwini Omprakash Kumar serves as Deputy Managing Director, Executive Director of Indiabulls Housing Finance Ltd. Mr. Ashwini Omprakash Kumar has more than 14 years experience in Retail Mortgage Finance and Corporate Lending to the Real Estate sector. Prior to joining Indiabulls he worked with HDFC Ltd for over 10 years the Corporate Mortgage Business. Ashwini is a Mechanical Engineer from IIT Roorkee and MBA - Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai. Ashwini has completed advance Studies in International Housing Finance from Wharton School, University of Pennsylvania, U.S.A. Ashwini also has over 7 years of academia experience and is a Visiting Professor of Finance at Jamnalal Bajaj Institute of Management Studies, Mumbai. Apart from IHFL

Ashwin Mallick

Mr. Ashwin Mallick is Head - Liabilities & Treasury of the Company. He heads the Liabilities and Treasury function at Indiabulls Housing Finance. He joined Indiabulls Housing Finance in 2012, and has a rich experience of 17 years across the industry. Before Indiabulls, he was the Retail Bank Head at Citibank, Bangladesh and in a prior stint with Citibank, India led the Branch Banking and Wealth Management Business for a third of Citbank’s presence in India. He has also worked with Coca-Cola, HSBC Bank and Aviva Life. Ashwin is a proud alumnus of the Class of 1999 of Faculty of Management Studies, Delhi.

Ajit Mittal

Mr. Ajit Kumar Mittal serves as Executive Director of Indiabulls Housing Finance Ltd. Mr. Ajit Kumar Mittal has varied experience by virtue of his close involvement with the growth and evolution of India’s financial sector. A Master’s in Economics and an MBA with Academic Excellence from University of Illinois, U.S.A., Mr. Mittal worked for more than twenty years at the Reserve Bank of India (RBI) in middle and senior management positions and has been at the forefront of macroeconomic and financial sector issues. As General Manager of the Banking Supervision in RBI, he was responsible for monitoring and surveillance of country’s banking system for five years. Mr. Mittal was closely involved in coordination with various financial markets, e.g. debt, money, forex and capital market. Mr. Mittal also worked as Financial Sector Advisor to Qatar Central Bank during the 2006-07. From September 2007 till now, Mr. Mittal has been working as a Director with Indiabulls flagship company in the financial services segment. Mr. Mittal is responsible for risk management, regulatory, governance and compliance issues in the financial services business, besides being involved in the overall business strategy. He has been instrumental in expanding Indiabulls’ international footprint by setting up group’s real estate and home loan businesses in the GCC & UK. Mr. Ajit Kumar Mittal is also on the board of Indian Commodity Exchange Limited, Indiabulls Ventura Capital Trustee Company Limited and Indiabulls Trustee Company Limited.

Manvinder Walia

Mr. Manvinder Singh Walia serves as Director, Sales – Home Loans of the Company. He was Head - National Sales and Home Loans of the Company. Mr. M. S. Walia is the National Sales Head at Indiabulls Housing Finance Limited (IBHFL). With over 20 years of experience, he brings with him a profound understanding & expertise of Retail Banking - SME business operations including different aspects of formulating & implementing business strategies, expanding distribution networks, resource mobilization, channel management, credit control & collections. He joined the Indiabulls group in 2007 as the Zonal Head, SME Loans and has grown steadily to the position of National Sales Head. Having spent 10 years with the company, he is the perfect guide to his team of more than 2800 employees nationally. His dynamic personality and willingness to face newer challenges are a great asset to Indiabulls Housing Finance. Before Indiabulls, he spent 8 great years with Standard Chartered Bank where he worked in both North and South India, developing region specific business strategies for various categories including Auto and SME. He holds a Masters of Business Administration in Finance from the University of Pune.

Ramnath Shenoy

Mr. Ramnath Shenoy is Head - Analytics and Investor Relations of the Company. Mr. Ramnath Shenoy is the Head of Analytics and Investor Relations at Indiabulls Housing Finance Limited bringing more than 17 years of experience to his current role. He has been heading the Analytics unit since joining Indiabulls Housing Finance in 2007 with valuable knowhow of the retail lending business having spent 13 years in the space. He has earlier worked with ICICI Bank, heading the retail loan analytics team and the retail products cross-sell team in his time there. He has also worked with Standard Chartered Bank in the retail products division. Mr. Shenoy is a Fellow of the Institute of Actuaries (FIA) and a Post Graduate in Business Management from XLRI, Jamshedpur.

Ripudaman Bandral

Mr. Ripudaman Bandral serves as National Sales Head, LAP of the Company. Mr. Ripudaman Bandral, an industry veteran with more than 20 years of experience, is the National Sales Head for Loans against Property at Indiabulls Housing Finance. Having joined as the Zonal Business Head (West), he has been with the company for more than 6 years. Before Indiabulls Housing Finance, he was with ICICI Bank where in 9 years he grew through the ranks to Head of Business Development and Process Re-engineering. He also looked after portfolios such as mortgage finance, loans against property and mortgages with corporate and realty funding portfolios in his time with ICICI Bank. Prior to ICICI Bank, he has had stints with HDFC Ltd., Transamerica Apple Distribution Finance Ltd., and the Trident Group. Mr. Ripudaman Bandral holds a Masters of Finance & Control from Punjabi University, Patiala and is a Bachelor of Commerce from Jammu University.

Rajiv Gandhi

Mr. Rajiv Gandhi serves as Head - Commercial Credit of the Company. Mr. Rajiv Gandhi is the head of the Commercial Credit team at Indiabulls Housing Finance Limited (IBHFL). He brings with him 23 years of work experience accumulated across the industry. He is a founder member of the Commercial Credit team. Having spent more than 10 years with the company he has overseen over Rs. 45,000 Cr. disbursements till date. Before IBHFL, he has had successful stints with Nicholas Piramal India Ltd., Birla Home Finance Ltd. and Birla Sunlife Insurance Ltd.. Mr. Rajiv Gandhi has a Masters of Business Administration from the Faculty of Management Studies, ML Sukhadia University, Udaipur.

Vijay Nehra

Somil Rastogi

Mr. Somil Rastogi serves as Head - Credit Retail of the Company. Mr. Somil Rastogi heads Credit for Retail Loans at Indiabulls Housing Finance Limited (IBHFL). He has been with IBHFL for more than nine years and has grown steadily from heading the Zonal Credit team to the position of National Credit Head. Starting his career with Birla Global Finance Limited, he was responsible for the consumer finance business. He then joined the RBG Group where he worked closely on the disinvestment of Hindustan Zinc among many others. His last stint was at ICICI Bank as the Regional Business Head. Mr. Rastogi is an alumnus of IISE Lucknow where he completed his Masters in Business Administration in Finance and also holds a Masters degree in Commerce from Lucknow University.

Manjari Kacker

Mrs. Manjari Ashok Kacker serves as Non-Executive Independent Director of the Company. She holds a Master’s Degree in Chemistry from University of Kanpur and Diploma in Business Administration (JBIMS). Mrs. Manjari Ashok Kacker was a member of Indian Revenue Services and retired as a Member of Central Board of Direct Taxes (CBDT), in the rank of Special Secretary to the Government of India. During her long association with the Government she held important senior positions both in several Executive capacities as well as in policy formation roles. She possesses long and varied experience in several fields like administration, assessment of corporate and large Industrial houses, representing Government cases before the Tax Tribunal, Governmental establishment matters in coordination with allied agencies at the highest level, tax arbitration and settlement, all aspects of court craft etc. Mrs. Kacker is also a director on the Board of Reliance Communications Limited, Shubhalakshmi Polyesters Limited and Hindustan Gum and Chemicals Limited. Mrs. Kacker is a member of Strategic Investment Committee of the Company. She is also member of the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, Risk Management Committee and Compensation Committeeand Chairperson of Corporate Social Responsibility Committee of Reliance Communications Limited. She is also member of Audit Committee of Shubhalakshmi Polyesters Limited, Mrs. Kacker does not hold any shares in the Company and she is not related to any of the Directors on the Board of the Company.

Subhash Mundra

Shri. Subhash Sheoratan Mundra serves as Independent Director of the Company. Mr. Subhash Sheoratan Mundra is a seasoned and accomplished banker with distinguished career spanning over four decades during which he has held a wide range of responsibilities in commercial banks at senior leadership roles, culminating in his appointment in July 2014 as the Deputy Governor of the Reserve Bank of India [RBI], India’s central bank and the banking regulator. At the RBI Mr. Mundra was responsible for banking supervision, currency management, financial stability, rural credit and customer service. After serving for three years as the Deputy Governor of the RBI, Mr. Mundra retired in July 2017. Mr. Mundra has expertise in banking, supervision, management and administrative matters. In his long banking career Mr. Mundra also served as the Chairman and Managing Director of Bank of Baroda from where he superannuated in July 2014, and held several important positions including that of Executive Director of Union Bank of India, Chief Executive of Bank of Baroda (European Operations) amongst others. During his illustrious career with various banks, he held several positions across functions and locations, both in India and abroad and has handled diverse portfolios, like core central banking, commercial banking – wholesale and retail, banking regulation and supervision, financial markets, treasury management, planning, economic research, investment banking, risk management and international banking etc. Mr. Mundra, a Post Graduate from University of Poona, is a Fellow Member of Indian Institute of Banking & Finance (FIIB). Amity University has conferred the Degree of Doctor of Philosophy (D.Phil), HonorisCausa, upon Mr. Mundra, in recognition of his services in the field of banking and related areas. Mr. Mundra has also served as RBI’s nominee on the Financial Stability Board (G20 Forum) and its various committees.

Shamsher Ahlawat

Mr. Shamsher Singh Ahlawat serves as Non-Executive Independent Director of Indiabulls Housing Finance Ltd. He holds a post graduate degree in history from St. Stephens College, New Delhi. Mr. Shamsher Singh started his career as a probationary officer with the State Bank of India in 1971 and rose to the senior management . During his tenure with the State Bank of India, Mr. Singh worked on various assignments at the Merchant Banking and Credit Division of the State Bank of India. Mr. Singh is involved in social welfare activities including that of running a school providing free education in Jhajhar, Haryana. Mr. Shamsher Singh Ahlawat is also on the board of Indiabulls Real Estate Limited, Store One Retail India Limited, Indiabulls Power Limited., Indiabulls Constructions Limited, Indiabulls Wholesale Services Limited, Elena Power And Infrastructure Limited, Indiabulls Realtech Limited.

Kamalesh Chakrabarty

Dr. Kamalesh Shailesh Chandra Chakrabarty serves as Non-Executive Independent Director of Indiabulls Housing Finance Ltd. He has been Ex-Deputy Governor of Reserve Bank of India.

Prem Mirdha

Mr. Prem Prakash Mirdha serves as Non-Executive Independent Director of Indiabulls Housing Finance Ltd. He was a second mate foreign going in merchant navy. Mr. Mirdha has had a long stint of 11 years with the merchant navy. He has set up his own cement plants and is currently running the same. Mr. Mirdha also operates lime kilns which are suppliers to enterprises engaged in steel and sugar industries. Mr. Prem Prakash Mirdha is also on the board of Indiabulls Real Estate Limited, Store One Retail India Limited, Indiabulls Securities Limited, Indiabulls Power Limited., Happy Tummy Kitchens Private Limited.

Gyan Misra

Justice (Retd.) Gyan Sudha Misra serves as Non-Executive Independent Director of the Company. She is a retired Judge of Supreme Court of India where she served for 4 years from April 2010 to April 2014. Before her elevation to Supreme Court of India, she was the Chief Justice of Jharkhand High Court for 2 years, prior to which she has also served as a Judge of Patna High Court for a year and of Rajasthan High Court for 14 years. Before joining the Judiciary, she practiced law for around 21 years in the Supreme Court of India specializing in civil, criminal & constitutional matters. Justice Misra was also actively associated with the activities of the lawyers and the legal profession and served as a Treasurer, Joint Secretary, and Member Executive Committee of the Supreme Court Bar Association. Justice Misra holds Graduate Degree in Law and Post Graduate Degree in Political Science from the Patna University. Justice Misra is a sharp legal mind and provides guidance to the board on matters of law. Through her deep experience gathered over her long legal career she helps by adding value to governance effectiveness by being able to understand, distill and communicate on technical legal issues facing the company as the board evaluates strategy and risk. Drawing from her extensive experience Justice Misra contributes to shaping the company’s strategy and exercises keen oversight over its operations.

Bisheshwar Singh

Justice (Retd.) Bisheshwar Prasad Singh serves as Non-Executive Independent Director of the Company. Justice Bisheshwar Prasad Singh is a retired Judge of Supreme Court of India. Before his elevation to Supreme Court of India, he was the Chief Justice of Bombay High Court, and prior to which he has also served as a Judge of Patna High Court and of Karnatka High Court. Before joining the Judiciary, he practiced law for around 22 years in the Supreme Court of India specializing in civil, criminal & constitutional matters. Justice Singh is an honors graduate from Delhi University and also holds Bachelor of Laws Degree from the Delhi University. Justice Singh does not hold any share in the Company and he is not related to any other director of the Company. Justice Singh is on the Board of Indiabulls Real Estate Limited.

Labh Sitara

Brig. (Retd.) Labh Singh Sitara serves as Non-Executive Independent Director of the Company. Labh Singh Sitara, had a career spanning three decades in Indian Army during which he led troops both in war and peace. Brig Sitara has also been awarded Dhyan Chand Award, which is India’s highest award for lifetime achievement in sports and games and had also won three medals in the Asian Games. He is an Honorary Sports Advisor to the Sports Department of the Government of Punjab and is also a member of the Punjab Sports Council and Vice President of District Sainik Welfare Department of the Government of Punjab. Brig Sitara holds a bachelor degree in economics from Punjab University, Chandigarh. As a distinguished army officer and an Olympian, he has under gone staff training at the Defence Services Staff College, Wellington, Nilgiris. Brig. Sitara does not hold any shares in the Company and he is not related to any of the Directors on the Board of the Company. Brig. Sitara is also on the Board of Indiabulls Real Estate Limited, Indiabulls Ventures Limited, Citra Properties Limited, Selene Constructions Limited, Juventus Estate Limited, Athena Infrastructure Limited, Indiabulls Distribution Services Limited and Lucina Land Development Limited. He is also Member of Audit Committee and Nomination & Remuneration Committee of the Company. He is also member of Stakeholders Relationship Committee, Audit Committee and Nomination & Remuneration Committee and Chairman of Allotment Committee of Indiabulls Ventures Limited. He is also Member of Corporate Social Responsibility Committee, Audit Committee and Nomination & Remuneration Committee of Lucina Land Development Private Limited. He is also Member of Audit Committee, Nomination & Remuneration Committee and Corporate Social Responsibility Committee of Indiabulls Distribution Services Limited. He is also Member of Audit Committee of Citra Properties Limited.