RHDFCL Appoints Pankaj Rathi as Chief Financial Officer

Religare Housing Development Finance Corporation Limited (RHDFCL) has announced a major leadership strengthening with the appointment of Pankaj Rathi as its Chief Financial Officer (CFO). 

The strategic move comes as the company, which specializes in providing credit to India’s underserved and informal sectors, enters an aggressive growth phase under its new promoter group, the Burman family.

A Vision for Financial Inclusion

RHDFCL operates with a distinct mission: making homeownership accessible to low-income families in urban and semi-urban India. 

These segments are often overlooked by traditional banks due to a perceived lack of formal documentation. 

RHDFCL bridges this gap using a robust, specialized underwriting framework for home-purchase, construction, and improvement loans. 

As CFO, Pankaj will fortify the financial foundations required to scale these operations responsibly.

Read Also: Tenneco Appoints Aditya Kohli as Chief HR Officer, India

RHDFCL Strengthening the “Religare 2.0” Foundation

Following the recent change in the Group’s promoter—the Burman family (Dabur Group) having secured a controlling stake—RHDFCL is prioritizing institutional stability and capital efficiency. 

Pankaj’s immediate priorities include:

• Funding Diversification: Building a cost-efficient and varied resource base.
• Balance Sheet Discipline: Ensuring capital adequacy and strictly adhering to RBI and NHB regulatory norms.
• Governance Frameworks: Enhancing financial compliance to support a sustainable, scalable business model.

The “40 Under 40” Leader

Pankaj is a highly decorated professional, recently recognized among the “40 Under 40 Business Leaders” (2025) by the ICAI and named “Leading CFO of the Year – BFSI” (FY24) by the CII. 

He brings over 15 years of deep expertise, most recently serving as CFO of TPG-backed Grihum Housing Finance. 

At Grihum, he successfully navigated two complex ownership transitions and raised over $1.3 billion through diverse instruments like term loans, bonds, and RMBS.

RHDFCL Leadership Confidence

Indranil Choudhury, Group CHRO of Religare Enterprises, noted that Pankaj’s experience includes managing complex capital structures and demanding regulatory environments.

He stated this background makes him “well-suited” for this pivotal stage.

Upon his appointment, Pankaj expressed his commitment to enhancing value for shareholders and stakeholders.

He also focuses on executing the company’s vision of putting a roof over every head.

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