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Motilal Oswal Financial Services announces two new appointments in their housing finance company

01-Jan-1970  Mumbai

Mumbai, 5 Oct 2020:  Motilal Oswal Financial Services Limited (MOFSL) today announced that its board of directors have appointed Mr.Arvind Hali as the new Managing Director &Chief Executive Officer and Mr Amar Bahl as the Deputy Managing Director &COO of its housing finance company Motilal Oswal Home Finance Limited (MOHFL).

 

Mr. Arvind Hali will be responsible for driving broad-based strategy, strengthening operations and scaling the business up.                

 

He holds a masters degree from the University of Mumbai and comes with more than two decades of experience in the financial domain. He was previously associated with Art Housing Finance Ltd wherein;hewas designated as the MD & CEO of the company. His key areas of expertise are in Consumer, Retail & MSME lending space, Consumer Loans (Secured and Unsecured), Home Loans (Urban and Semi-Urban), Mortgages (LAP-Urban, Semi-Urban& Semi-Rural) and MSME Loans (Secured and Unsecured).

Prior to Art Housing, Arvind has been associated with various financial organizations such as Intec Capital, AU Financiers limited, Capri global, Dhanlaxmi Bank, Reliance Capital Ltd, Standard Chartered Bank, and GE countrywide.

 

He has been instrumental in launching Companies, Business Units, Products and Services in his past organizations. His core strengths are Strategic Planning, Product development, Innovation, Digitalization & Technology Deployment and many more.

 

Mr.Amar Bahl has a rich domain experience of over21 years in the Financial Services industry. He has worked on both sides of the balance sheet - Assets and Liabilities. His last assignment was with ART Housing Finance "Fintech Initiative in Affordable Housing Loans" as President and COO with a clear focus on sustainable model with the right processes, systems, digitization, and portfolio quality. 

Prior, to ART Housing, he has worked with Reliance Capital and Reliance Home Finance as SVP and Business Head of Affordable Housing, Home Loans, and Construction Finance. He was instrumental in creating AUM of 12000 Cr + in Home Finance and 10000 Cr + in Commercial Finance. 

Amar is pursuing his Doctorate in “Financial Inclusion” from IIM Shillong. He is a 1999 batch MBA from MDU and holds a Bachelor's Degree in Commerce from Delhi University.

Speaking on the appointments, Mr. Motilal Oswal- CMD, MOFSL said, "I am happy to announce the appointment of Mr. Arvind Hali as the MD & CEO and Mr Amar Bahl as the Deputy MD &COO of our Housing Finance business. We are certain that the momentum of growth in affordable housing will continue. Today, housing finance is one of the major contributors to India’s economy and increasing thrust by the central Government in affordable housing space augurs well for the sector. Our rich understanding from ~57,000 live accounts have shaped the credit policy and will ensure higher quality sourcing of incremental loans. We are confident that Mr. Hali and Mr Bahl jointly with their domain expertise in Housing finance Industry would help us strengthen our market position and expand our footprint in India.”

 

On being appointed as the MD & CEO of MOHFL, Mr. Arvind Hali said, “I am extremely elated to be part of MOHFL. The company has already created a strong franchise across the country; I eagerly look forward to strengthening its presence with a clear focus on quality of portfolio & profitability. The vision is to build on existing foundation & platform with an emphasis on creating robust, consistent and scalable processes, use of digitalisation to improve throughput, eliminate waste and minimise losses & create an extremely competent high quality& motivated human capital to deliver excellent service to underserved sections of the society.

On being appointed as the Deputy MD & COO of MOHFL, Mr. Amar Bahl said, “I am delighted to Join MOHFL. I look forward to building up a scalable and sustainable model with a focus onthe right processes, people engagement, thought leadership, innovative culture,best portfolio quality, excellent client experience, and digitization which translates returns to all stakeholders along with right governance. The organization has already had a strong base of 100+ branches with 3500 Cr +books in the under-served segment. Eyesight will be on surmising the current platform and move further to make this brand one of the best in the affordable housing segment.

                                                                         

About Motilal OswalHome Finance Limited:

 

Motilal Oswal Home Finance Limited (MHOFL), a subsidiary of Motilal Oswal Financial Services Limited (MOFSL), is a professionally managed housing finance company run by highly experienced housing finance professionals. MOHFL works on the business philosophy of financial inclusion of Lower and Middle Income (LMI) Indian families by providing them access to long term housing finance.

 

MOHFL strategy is aligned with the government's initiative of "Housing for All" and the company works on the business philosophy of financial inclusion of Lower and Middle Income (LMI) Indian families by providing them an access to long-term housing finance.

 

As ofQ1FY21, the company loan book stood at Rs. 37 bn with an average ticket size of Rs.8.8 lakhs with loan extend to more than 48,000 families.

 

MOHFL was incorporated in October 2013 and commenced its business operations in June2014. Since then over the years, MOHFL has serviced more than 60,000Indian families. MOHFL has presence across 108 locations across9 states, Maharashtra, Madhya Pradesh, Chhattisgarh, Gujarat, Rajasthan, Andhra Pradesh, Telangana, Karnataka & Tamil Nadu and has a staff strength of around 1200+ employees.

Categorized as a Primary Lending Institution (PLI) under Pradhan Mantri Awas Yojana, a flagship scheme of Government of India, MOHFL has received as many as8 awards till date in different categories in housing finance, a testimony of appreciation from industry stakeholders.  MOHFL has been rated “CRISIL AA-/Stable “for long term borrowings and “ICRA A1+” by ICRA for short term borrowings. 

 

 

For further detailscontact:

 

Rohini Kute

Head of Corporate Communication

Motilal Oswal Financial Services

rohini.kute@motilaloswal.com

Mob- +91-9820196838

 


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