Promoters of Dewan Housing Finance Ltd (DHFL) have begun major restructuring of its financial sector businesses. The Rajesh Wadhawan group has roped in Ravishankar G, till recently CFO & Acting chief executive at Jet Airways, and Milind Sarwate, former Group Chief Financial Officer at Marico for transforming the group into a financial services conglomerate. The Rajesh Wadhawan Group has constituted a Group Management Center (GMC) to enhance the group’s capabilities to realise its ambitious growth plans.
The GMC was launched today with the appointment of two senior professionals from the industry as its members, the group said in statement today. Sarwate has joined as Member - Strategy & Corporate Social Responsibility at GMC, while Ravishankar G, has come on board as Member- Finance at GMC. Kapil Wadhawan, Chairman, Rajesh Wadhawan Group said over the next few weeks, the group will add to the GMC’s strength by inducting professionals with proven track record. Ravishankar said he will help to enhance value creation to our stakeholders by bringing innovation and best practices across the group, and help to build the group’s Institutional framework.