IIFL Home Finance Ltd. announces Gaurav Seth as Chief Financial Officer, Strengthening Financial Leadership

Delhi, 8^th January 2024: IIFL Home Finance Limited, a leading provider of housing finance, is delighted to announce the appointment of Mr. Gaurav Seth as the Chief Financial Officer (CFO) of the company, effective September 25^th, 2023. Mr. Seth brings a wealth of experience and financial acumen to the organization, enhancing IIFL Home Finance Ltd.’ Strategic leadership team.

Mr. Seth joins IIFL Home Finance Ltd. With a distinguished career in finance, spanning over 25 years during which he has a proven track record of financial management, risk assessment, and strategic planning.

In his role Mr. Seth will oversee the financial operations, lead the treasury function and manage investor relations for the company. As the CFO he would be responsible for optimizing financial processes, driving financial accountability ensuring compliance, and driving financial initiatives. He will also be responsible for enhancing liquidity management and maintaining strong relationships with investors.

Mr. Seth’s appointment reflects IIFL Home Finance Ltd.’s commitment to attracting top talent to lead comes at a pivotal time for the company as it seeks to capitalize on emerging opportunities and uphold its commitment to financial transparency and accountability.

Commenting on his appointment, Mr. Gaurav Seth, Chief Financial Officer, IIFL Home Finance Ltd. expressed his enthusiasm, saying, “I am honored to be part of the IIFL Home Finance Ltd.’s team and look forward to contributing to the company's growth journey, capitalizing on emerging opportunities, and upholding the highest standards of financial transparency and accountability. I believe that with the Governments agenda of providing a home for every family along with the rapid urbanization, the housing sector in the country will continue to see multi fold growth in the future.”

IIFL Home Finance Ltd. warmly welcomes Mr. Gaurav Seth and is excited about the future prospects of the company under his leadership.

For more information about Mr. Gaurav Seth's professional background, please visit his LinkedIn profile: https://in.linkedin.com/in/gaurav-seth-79449b6

For news and updates, visit iiflhomeloans.com and follow us on twitter at https://twitter.com/IIFLHomeLoan

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About IIFL Home Finance Ltd.:

IIFL Home Finance Limited, the largest affordable housing finance company, which is a subsidiary of IIFL Finance Limited, with 79.59% shareholding, while Abu Dhabi Investment Authority acquired 20.41% stake in the company in 2022. As of 30th September 2023, the AUM stood at Rs 31,094 crore of which home loan is 77% with an average ticket size of Rs 15 Lakh. The Return on Assets (ROA) for the period is at 4.33%. Through affordable home loans, IIFL Home Finance Ltd. makes people’s aspirations of owning a home a reality, while emphasizing on supporting green buildings and projects that help society achieve inclusive sustainable development. The objective is to fulfil economic upliftment for EWS/LIG segments of the country. The company has adopted an asset light model by getting into co-lending arrangements that further helps to penetrate and expand in deeper markets of India. To facilitate a seamless customer experience, the entire life cycle of housing loans is technology driven i.e., from origination to closure. The state-of-the-art IT infrastructure helps in reducing costs, real-time analysis of customer data, improving control and underwriting functions, while increasing customer reach and distribution capability.