Harshil Mehta appointed as Joint MD and CEO at DHFL

Mehta was previously working as chief executive officer at the company.

In a recent announcement, housing finance company, DHFL, has appointed Harshil Mehta as joint managing director and chief executive officer.

Kapil Wadhawan, chairman and managing director, DHFL, says in a press release, "DHFL's inception 33 years ago was based on the fundamental necessity of enabling home ownership for customers in the LMI segment. DHFL has been making tremendous progress aligned to the priorities we outlined and has continued to deliver strong organizational performance, on an overall basis. The affordable housing industry is at an extremely exciting stage. Over the last few months, led by several transformative changes undertaken by the Government in India, DHFL demonstrated commendable agility and great responsiveness in leveraging every opportunity that came our way. DHFL has already embarked upon the next stage of growth. We operate in an environment that requires greater speed to market, stronger customer relations and increasing flexibility. To maintain a greater growth momentum, DHFL as a Group, is undertaking strategic steps towards accelerated growth that involve involve several of our business units and an expanded charter for DHFL's leadership team."

He adds, "On behalf of all my colleagues on the DHFL Board, I welcome Harshil as a DHFL Board member as he brings a great combination of keen business acumen, a clear vision and strong leadership skills. This step is testimony to the trust and confidence that the board has in Harshil and his leadership capabilities. I am confident that Harshil's presence on the Board will significantly contribute to DHFL's ability to leverage new opportunities, anticipate future challenges and navigate through an increasingly competitive business environment."

Mehta, says in a press release, "It is a great honour as well as great responsibility to be present on DHFL's Board alongside other highly respected members. It is very encouraging that DHFL's continued committed efforts towards fulfilling its vision of expanding financial inclusion across India through home ownership and various strategic endeavors undertaken, find strong acknowledgment in the industry. As a group, we have a clear growth trajectory to pursue and achieve. A key aspect of DHFL's industry position and operating performance has been its emergence as a comprehensive financial services provider and continued efforts to broaden it's services bouquet. An integral part of this endeavor also includes the verticalisation strategy adopted for DHFL's home loan and non-home loan businesses that has brought greater business focus and leveraged internal synergies. I look forward to working together with every member of DHFL's leadership team to collaborate across all key businesses, expand our capabilities and further cement DHFL's leadership position as a comprehensive financial services company focused on expanding financial inclusion across the country."