Motilal Oswal appoints Sanjay Athalye as new CEO for Aspire Home Finance

hiring. thinkstockAthalye has almost three decades of experience in the BFSI domain, in retail banking, commercial finance, risk management and portfolio quality, the company release said.

MUMBAI: Motilal OswalNSE 0.72 % Financial Services Ltd (MOFSL) on Monday announced the appointment of Sanjay Athalye as the new Managing Director and Chief Executive Officer of its housing finance company Aspire Home Finance Corporation Ltd (AHFCL).

Athalye will be responsible for driving broad-based strategy, strengthening operations and scaling the business up, the company said in a press release.

Athalye has almost three decades of experience in the BFSI domain, in retail banking, commercial finance, risk management and portfolio quality, the company release said.

Prior to joining AHFCL, he has worked with Indostar Capital Finance Ltd as Chief Risk Officer. He has previously worked in several leadership roles with Reliance Capital, Centurion Bank of Punjab, IDBI Bank, ICICI Bank, Reliance Telecom and Modi Xerox. Athalye holds a master’s degree in commerce from Nagpur University.

“We are certain that the momentum of growth in affordable housing will continue. Today, housing finance is one of the major contributors to India’s economy and increasing thrust by the central government in affordable housing space augurs well for the sector,” said Motilal Oswal, chairman and managing director, MOFSL.

AHFCL’s strategy is aligned with the government’s initiative of “Housing for All” and the company works on the business philosophy of financial inclusion of Lower and Middle Income (LMI) Indian families by providing them an access to long-term housing finance.

The firm has serviced more than 60,000 Indian families and has a presence in 125 locations across 9 states, Maharashtra, Madhya Pradesh, Chhattisgarh, Gujarat, Rajasthan, Andhra Pradesh, Telangana, Karnataka & Tamil Nadu and has a staff strength of around 1200+ employees.

“My task is to accelerate the current growth rate and maintain excellent portfolio quality,” said Sanjay Athalye.

“We endeavor to provide innovative home loan solutions to meet the diverse needs of our customers by continuing to invest in technology, people and processes to give the best in class experience to our customers throughout the loan lifecycle. Our objective is to make the loan process hassle free and go beyond the traditional role of a lender by providing value-added services to these customers,” he added.

[“Source-economictimes”]