Motilal Oswal Financial Services Limited (MOFSL) has announced that its board of directors have appointed Arvind Hali as the new Managing Director and Chief Executive Officer and Amar Bahl as the Deputy Managing Director and COO of its housing finance company, Motilal Oswal Home Finance Limited (MOHFL).
Hali will be responsible for driving broad-based strategy, strengthening operations and scaling the business up.
He holds a master’s degree from the University of Mumbai and comes with more than two decades of experience in the financial domain. He was previously associated with Art Housing Finance Ltd wherein; he was designated as the MD and CEO of the company.
His key areas of expertise are in consumer, retail and MSME lending space, consumer loans (secured and unsecured), home loans (urban and semi-urban), mortgages (LAP-urban, semi-urban and semi-rural) and MSME loans (secured and unsecured).
Prior to Art Housing, Hali has been associated with various financial organisations such as Intec Capital, AU Financiers limited, Capri global, Dhanlaxmi Bank, Reliance Capital Ltd, Standard Chartered Bank, and GE countrywide.
He has been instrumental in launching companies, business units, products and services in his past organisations. His core strengths are strategic planning, product development, innovation, digitalisation and technology deployment and many more.
Bahl has a rich domain experience of over 21 years in the financial services industry. He has worked on both sides of the balance sheet — assets and liabilities. His last assignment was with Art Housing Finance "Fintech Initiative in Affordable Housing Loans" as President and COO with a clear focus on sustainable model with the right processes, systems, digitisation, and portfolio quality.
Prior to Art Housing, he worked with Reliance Capital and Reliance Home Finance as SVP and Business Head of Affordable Housing, Home Loans, and Construction Finance. He was instrumental in creating AUM of 12,000 cr + in home finance and 10,000 cr + in commercial finance.
Hali is pursuing his Doctorate in “Financial Inclusion” from IIM Shillong. He is a 1999 batch MBA from MDU and holds a Bachelor's Degree in Commerce from Delhi University.
Motilal Oswal, CMD, MOFSL, said, "I am happy to announce the appointment of Arvind Hali as the MD and CEO and Amar Bahl as the Deputy MD and COO of our housing finance business. 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. Our rich understanding from ~57,000 live accounts have shaped the credit policy and will ensure higher quality sourcing of incremental loans. We are confident that Hali and Bahl jointly with their domain expertise in housing finance industry would help us strengthen our market position and expand our footprint in India.”
Hali said, “I am extremely elated to be part of MOHFL. The company has already created a strong franchise across the country; I eagerly look forward to strengthening its presence with a clear focus on quality of portfolio and profitability. The vision is to build on existing foundation and platform with an emphasis on creating robust, consistent and scalable processes, use of digitalisation to improve throughout, eliminate waste and minimise losses and create an extremely competent high quality and motivated human capital to deliver excellent service to underserved sections of the society.”
Bahl said, “I am delighted to join MOHFL. I look forward to building up a scalable and sustainable model with a focus on the right processes, people engagement, thought leadership, innovative culture, best portfolio quality, excellent client experience, and digitisation, which translates returns to all stakeholders along with right governance. The organisation has already had a strong base of 100+ branches with 3500 cr + books in the under-served segment. Eyesight will be on surmising the current platform and move further to make this brand one of the best in the affordable housing segment.”
Motilal Oswal Home Finance Limited (MHOFL), a subsidiary of Motilal Oswal Financial Services Limited (MOFSL), is a professionally managed housing finance company. MOHFL works on the business philosophy of financial inclusion of lower and middle income (LMI) Indian families by providing them access to long-term housing finance.