Grihum Housing Finance to Appoint Ex-Citibanker Arjun Chowdhry as MD & CEO
TPG-backed Grihum Housing Finance is set to appoint Arjun Chowdhry as its new Managing Director and CEO. Chowdhry, formerly with Citibank and Axis Bank, will replace current MD & CEO Manish Jaiswal, who is stepping down on August 31. Jaiswal will continue as a board advisor until December 31. Chowdhry's experience in retail lending and credit cards is expected to benefit Grihum's strategies for low-income clients. In a related industry move, IIFL Home Finance is also undergoing a leadership change, with Girish Kousgi set to replace Monu Ratra as CEO.
*this image is generated using AI for illustrative purposes only.
TPG-backed mortgage lender Grihum Housing Finance is set to welcome a new leader at its helm. Arjun Chowdhry, a seasoned banking professional, is slated to take over as the company's new Managing Director and Chief Executive Officer.
Leadership Transition
Chowdhry's appointment comes in the wake of current MD & CEO Manish Jaiswal's decision to step down from his role. Jaiswal will relinquish his position on August 31 but will continue to provide his expertise as a board advisor until December 31, ensuring a smooth transition of leadership.
Chowdhry's Background
Arjun Chowdhry brings a wealth of experience to his new role at Grihum Housing Finance:
- Previously worked at Citibank, gaining valuable international banking experience
- Served as the head of retail lending and credit cards at Axis Bank for over two years
- Recently resigned from Axis Bank to pursue new opportunities
Chowdhry is expected to join Grihum Housing Finance next month, bringing fresh perspectives to the mortgage lending company.
Strategic Appointment
The appointment of Chowdhry appears to be a strategic move by TPG and the board of Grihum Housing Finance. His expertise in underwriting credit card customers is seen as particularly valuable for developing strategies catering to low-income clients, a key demographic for the housing finance sector.
Industry Movements
The leadership change at Grihum Housing Finance is not an isolated event in the industry. In a related development, IIFL Home Finance is also undergoing a leadership transition:
- Girish Kousgi, the outgoing MD of PNB Housing Finance, is set to join IIFL Home Finance as CEO
- Kousgi will replace Monu Ratra, who has resigned to pursue other opportunities
These movements highlight the dynamic nature of the housing finance sector and the ongoing efforts of companies to strengthen their leadership teams with experienced professionals.
As Grihum Housing Finance prepares for this new chapter under Arjun Chowdhry's leadership, the industry will be watching closely to see how his experience and strategies shape the company's future in the competitive mortgage lending market.
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