Religare Housing Development Finance Corporation Limited (RHDFCL), a step-down subsidiary of Religare Enterprises , has appointed Pavan Kumar Gupta as its Managing Director (MD) & Chief Executive Officer (CEO) effective July 01, 2026. This leadership change follows the resignation of the previous MD & CEO, Rahul Mehrotra, who stepped down consequent to the completion of his current term on June 30, 2026. The appointment of Gupta, approved by the Board of Directors on June 17, 2026, is subject to shareholder approval.

Gupta's date of joining was June 25, 2026, and he will serve as "MD & CEO designate" during the interim period until his formal assumption of the role. Before joining RHDFCL, he served as the CEO of Muthoot Housing Finance Company Limited. His prior experience includes 17 years at Dewan Housing Finance Limited (DHFL), Deutsche Postbank Home Finance Limited, and BHW Birla Home Finance Limited, where he held senior roles including Business Head, South & West, and Head of International Business at DHFL.

The new MD & CEO holds a Chartered Financial Analyst designation from ICFAI, Hyderabad, securing an All India Rank of 1 in Level 3. He also holds an MBA in Marketing & Finance and a B.Sc. in Physics (Honours) from Utkal University. Gupta has received recognition as a Most Admiring BFSI Leader by the World BFSI Congress in 2022 and was ranked among the Top 60 CEOs in India by StartupLanes in the same year.

RHDFCL disclosed that Pavan Kumar Gupta is not related to any of the Directors of the company. The regulatory filing was submitted by Anuj Jain, Company Secretary & Compliance Officer of Religare Enterprises Limited, on June 25, 2026.

Appointment Details

Religare Enterprises Ltd has received approval from the Reserve Bank of India for the appointment of Mr. Srinivasan Karthik as the Managing Director of Religare Finvest Ltd (RFL). The regulatory nod formalizes his leadership position within the group's financial services arm.

The company communicated the development through a regulatory filing, confirming that the central bank has sanctioned the proposed appointment. This approval is a mandatory requirement for the position of Managing Director at a non-banking financial company.

Mr. Srinivasan Karthik's role will involve overseeing the strategic direction and operational management of Religare Finvest Ltd. The approval process ensures compliance with the fit and proper criteria established by the regulator for key managerial personnel in the financial sector.