NEW DELHI – Religare Housing Development Finance Corporation Ltd. (RHDFCL), the affordable housing finance arm of Religare Enterprises Ltd., has announced the appointment of Pavan K. Gupta as its new Managing Director and Chief Executive Officer. His leadership role officially commences on July 1, 2026.
Strategic Vision for Affordable Housing
Gupta's appointment signals RHDFCL's intensified focus on expanding its presence in the affordable housing finance segment, particularly targeting low-income and informal-sector customers across India. The company, backed by the Burman Group, aims to strengthen its lending operations and broaden access to home finance.
Indranil Choudhury, Group CHRO at Religare Enterprises, welcomed the appointment, stating, “Pavan K. Gupta's extensive experience in building and scaling housing finance businesses makes him exceptionally well-suited to lead RHDFCL during its next phase of growth. We remain committed to fostering a scalable, customer-centric housing finance franchise, bolstered by Religare's financial strength and the support of our promoters.”
Gupta's Mandate and Extensive Experience
With over three decades of experience in housing finance and mortgage lending, Pavan K. Gupta brings a wealth of expertise to RHDFCL. His strategic priorities will include driving sustainable and profitable growth by enhancing the company's risk architecture, significantly expanding its loan book, upgrading technology capabilities, and diversifying funding sources.
Gupta will also oversee improvements in core operational areas such as loan origination, underwriting, and collections through technology-led initiatives, all while maintaining rigorous capital and asset-liability management discipline.
A Proven Track Record in Housing Finance
Prior to joining RHDFCL, Gupta served as Chief Executive Officer of Muthoot Housing Finance Company Ltd. During his nearly nine-year tenure, he spearheaded a substantial business transformation, growing assets under management to approximately ₹3,000 crore. Under his leadership, the company achieved improved profitability and asset quality, secured successive CRISIL rating upgrades to A+, expanded its branch network to 162 locations, and diversified its funding profile.
Earlier in his distinguished career, Gupta held senior leadership positions at prominent institutions including Dewan Housing Finance Ltd. (DHFL), Deutsche Postbank Home Finance Ltd., and BHW Birla Home Finance Ltd. In these roles, he was instrumental in regional expansion efforts and managed extensive mortgage portfolios across various markets. Gupta is a Chartered Financial Analyst from ICFAI, Hyderabad, and has received numerous industry accolades, including being recognized among the Most Admired BFSI Leaders by the World BFSI Congress and one of India's Top 60 CEOs by StartupLanes.