• Indiabulls Housing Finance

Enabling, Empowering, Expanding

Home Loans delivered digitally
About Indiabulls Housing Finance

Indiabulls Housing Finance Ltd. (IBHFL) is India’s third largest housing finance company, regulated by the National Housing Bank (NHB). IBHFL is rated ‘AA’ by leading rating agencies including CRISIL and ICRA. The company has a balance sheet size of ₹ 0.96 trillion as on 30th September, 2020. The company has serviced more than 1 million happy customers and cumulatively disbursed loans of over ₹ 2.77 trillion. It is has a strong nationwide presence and continues to reach out further with eHome Loans – India’s first completely online home loan fulfilment platform.

IBHFL offers quick, convenient and competitively priced home loans in the affordable housing segment. The company’s primary goal is to ensure a superior home buying experience to its customers and to make housing finance more affordable and viable by contributing to the ecosystem that supports it.

Key Highlights
3rd Largest
3rd largest housing finance company
1 Million Customer
1 million + happy customers
AA Rated
Rated 'AA' by Credit Agencies
Management Team
Gagan Banga
Vice Chairman & Managing Director

Mr. Gagan Banga is the Vice Chairman and Managing Director of Indiabulls Housing Finance Ltd (IBHFL) since July 2014. He was the Chief Executive Officer of Indiabulls Financial Services Ltd since December 2004 and continued as the CEO of Indiabulls Housing Finance Ltd after the reverse merger of the former into IBHFL which was completed in early 2013.

Mr. Banga joined Indiabulls as the Marketing Head in 2000. In a brief span of just four years, he was promoted to the position of the CEO. He has been a key driver of the success story of Indiabulls, transforming a start-up into India's second largest housing finance company. Mr. Banga believes meticulous planning is the key to success. His focus on customer service, financial discipline and innovative products have been a keystone for Indiabulls rapid rise and paved the path for sustainable growth over the next few decades.

He holds an MBA in Marketing from Goa Institute of Management.

Ashwini Kumar Hooda
Deputy Managing Director

Mr. Ashwini Kumar Hooda is the Deputy Managing Director at Indiabulls Housing Finance Ltd. since 2010. He has played a pivotal role in transforming IBHFL into a leading housing finance company. Mr. Hooda has more than 18 years of experience in Retail Mortgage Finance and Corporate Lending. Prior to joining Indiabulls, he was with HDFC Ltd. for over 10 years.

Mr. Hooda is a Mechanical Engineer from Indian Institute of Technology, Roorkee and holds a Master degree in Management Studies from Jamnalal Bajaj Institute of Management Studies, Mumbai. He has also completed his advanced Studies in International Housing Finance from Wharton School, University of Pennsylvania, U.S.A. Furthermore, he has over 11 years of academic experience and was a Visiting Professor of Finance at Jamnalal Bajaj Institute of Management Studies, Mumbai.

Ajit Mittal
Executive Director

Mr. Ajit Mittal is the Group Executive Director of Indiabulls since 2007. He has been instrumental in expanding Indiabulls' international footprint by setting up group's real estate and home loan businesses in the GCC & UK.

Mr. Mittal has been at the forefront of macroeconomic and financial sector issues for more than 25 years, both as a regulator and policy maker and also as a business executive in the private sector. He worked at the Reserve Bank of India (RBI) for more than 20 years and was also associated with Qatar Central Bank as Financial Sector Advisor during the 2006-07.

Mr. Mittal holds a Master degree in Economics and an MBA with Academic Excellence from University of Illinois, U.S.A.

Sachin Chaudhary
Chief Operating Officer

Mr. Sachin Chaudhary is the Executive Director & Chief Operating Officer of Indiabulls Housing Finance Ltd (IBHFL). Having joined in 2006, he has been a key to IBHFL’s growth and expansion.

Mr. Chaudhary has more than 19 years of experience working with leading banks, NBFCs and housing finance companies. Prior to joining Indiabulls Housing Finance, he worked with GE Money and ICICI Bank.

He is an alumnus of the Centre for Management Development and holds an Executive MBA from Columbia Business School, USA.

Board of Directors
Subhash Sheoratah Mundra

Non-Executive Chairman

Sameer Gehlaut

Founder & Non Executive Director

Gagan Banga

Vice-Chairman & Managing Director

Ajit Kumar Mittal

Executive Director

Ashwini Omprakash Kumar

Deputy Managing Director

Sachin Chaudhary

Chief Operating Officer

Justice Gyan Sudha Misra

Independent Director

Samsher Singh Ahlawat

Independent Director

Prem Prakash Mirdha

Independent Director

Satish Chand Mathur

Independent Director

Achuthan Siddharth

Independent Director

Dinabandhu Mohapatra

Independent Director