Wednesday 25 May 2011

Mr. Kapil Wadhawan, Chairman & Managing Director, DHFL

Mr. Kapil Wadhawan, Chairman & Managing Director, DHFL. For this MBA (Finance) graduate from Edith Cowan University, Perth, Australia, the move from Executive Director on the board of DHFL to Chairman & Managing Director in October 2000 was as well-deserved as it was challenging. From innovative steps to make DHFL a world class Financial Services Company, to being widely recognized as an industry expert, from a dynamic leader to a quick-decision maker, here is a man eagerly sought by policy makers and business leaders on matters relating to financial services sector. Mr. Wadhawan contributes immensely to philanthropy, and weaker sections of society.

Dewan Housing Finance Corporation Ltd. (DHFL) was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access to the lower and middle income segment of the society. Today, DHFL is one of the leading housing finance companies in India with a network across 405 locations, catering to the semi-urban and rural belts of India. The company’s representative offices in Dubai and London provide housing finance to Non-Resident Indians (NRI) for purchase of residential properties in India. For 25 years now, DHFL has been driving home the advantage of home ownership to Indian consumers across all socio-economic strata and providing them with financial access. The company has aggressive plans to expand even further into the hinterlands of India to take this dream to every common man of the country. The Wadhawan Group is promoted by the Wadhawan Family to pursue their business interests in diversified verticals like Food Retail, Hospitality, Lifestyle Retailing, Education, Financial Services and Real Estate. Wadhawan Group was founded by the late Mr. Dewan Kuldip Singh Wadhawan in 1973. It is today, run by Kapil Wadhawan and Dheeraj Wadhawan the third generation Wadhawan.

Speaking with Hemant P. Maradia of IIFL, Mr. Kapil Wadhawan says, “We are in the process of consolidating DHFL and DPHFL during the course of FY12. After that, we plan to raise fresh capital.”

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