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Ravindra Sudhalkar is Reliance Home Finance's new CEO

Press Trust of India  |  New Delhi 

Home Finance (RHFL) has appointed Ravindra Sudhalkar the chief executive officer of the company.

"The board of directors of Home Finance (RHFL), a 100 per cent subsidiary of Capital, has announced appointment of Ravindra Sudhalkar as the CEO of the company," RHFL said in a statement.

RHFL deals in home loans, lending against property, construction finance and affordable housing loans.

The asset under management (AUM) was of the order of Rs 8,259 crore (USD 1.2 billion) as of June 30, 2016.

The company is readying an aggressive growth plan to be among the top five housing finance companies by 2020.

"Focus on housing finance forms an important part of Reliance Capital's growth strategy and we will continue to aggressively expand this portfolio under the leadership of Sudhalkar," said Sam Ghosh, ED and Group CEO,

Sudhalkar, 48, has joined RHFL from and prior to that, he worked with various companies, including

"India's mortgage penetration is very low, placing RHFL in a unique position to aggressively expand its business in a short span of time," said Sudhalkar.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 03 2016. 15:28 IST