Grihum Housing Finance, backed by TPG, is set to appoint Arjun Chowdhry, a former Citibank and Axis Bank executive, as its new Managing Director and CEO. He will replace Manish Jaiswal, who steps down on August 31 and will advise until December.
Leadership Transition at Grihum
From Manish Jaiswal to Arjun Chowdhry
Grihum announced Jaiswal’s resignation via a stock exchange notice on August 21. With Chowdhry’s imminent appointment, the company signals a strategic leadership shift aimed at expanding outreach to low-income housing segments.
Arjun Chowdhry’s Profile
Arjun Chowdhry brings over two decades of financial sector experience, including senior roles at Citibank and Axis Bank. His expertise in underwriting and credit assessment makes him a valuable asset for Grihum’s mission of serving economically weaker sections.
Strategic Direction and Leadership
Why Arjun Chowdhry?
- Deepening loan penetration in rural and semi-urban areas
- Strengthening digital credit delivery systems
- Enhancing risk-adjusted lending models for informal sector borrowers
Broader Industry Moves
Alongside Grihum’s changes, the housing finance sector sees other key transitions:
- Girish Kousgi to join IIFL Home Finance as CEO
- Monu Ratra steps down as CEO at IIFL
- Rising competition and leadership realignments in affordable housing finance market
Key Takeaways for Competitive Exams
- Grihum Housing Finance appoints Arjun Chowdhry as MD & CEO, replacing Manish Jaiswal
- Chowdhry’s experience in retail banking and risk management crucial for Grihum’s low-income housing focus
- Industry witnesses leadership changes with rising competition in affordable housing finance
