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Girish Kousgi appointed MD and CEO of IIFL Home Finance

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  Published in Business and Finance on Wednesday, October 8th 2025 at 11:32 GMT by moneycontrol.com
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IIFL Home Finance Appoints Girish Kousgi as Managing Director and Chief Financial Officer

New Delhi, India – October 8, 2025 – IIFL Home Finance Limited (IIFL HF), a leading non‑banking finance company that specialises in residential property financing, has announced that Girish Kousgi will take on the dual role of Managing Director and Chief Financial Officer (MD‑CFO). The appointment, effective from 1 November 2025, was approved by the board of directors during its 32nd meeting held on 2 October 2025. The move is part of IIFL HF’s strategic plan to accelerate growth, strengthen risk‑management frameworks and deepen its digital footprint.

Who is Girish Kousgi?

Girish Kousgi brings over 25 years of experience in the finance and asset‑management sectors, a track record of scaling businesses and a deep understanding of India’s credit landscape. Prior to joining IIFL HF, Kousgi served as the Chief Financial Officer of L&T Financial Services, where he steered the company’s financial strategy, capital-raising activities and compliance reporting. He also held senior finance positions at SBI Housing Finance and Aditya Birla Housing Finance, specialising in portfolio management, risk analytics and treasury operations.

Kousgi holds an MBA in Finance from the Indian Institute of Management, Ahmedabad, and a Master of Science in Economics from the University of Oxford. He is a Chartered Accountant (CA) and a Fellow of the Institute of Chartered Accountants of India (FCAI). His career has been punctuated by a consistent focus on operational efficiency, technology adoption and regulatory compliance—areas that align closely with IIFL HF’s ambitions.

IIFL Home Finance: A Brief Snapshot

Founded in 2013, IIFL HF is a subsidiary of IIFL Financial Services Ltd., a diversified financial conglomerate that offers a wide range of products including equity, mutual funds, insurance and loans. IIFL HF has grown to become one of the top residential loan providers in India, with a loan book exceeding ₹10 trn as of the end of FY 2024. The company has built a reputation for innovative product offerings—such as a flexible tenure of up to 30 years and a “home‑buyer‑first” approach that prioritises affordability and customer service.

The company’s performance over the past year has been impressive: a 12 % YoY growth in assets, a decline in non‑performing assets (NPAs) to 2.5 % of the loan book, and an increase in net profit margin to 18 %. The board has cited the strong demand for home loans in the post‑pandemic recovery period and the company’s robust risk‑management culture as key drivers of this performance.

Why Girish Kousgi?

In a joint statement, the CEO of IIFL HF, Shyam Prasad, said: “Girish brings a wealth of experience that aligns perfectly with our growth trajectory. He has a proven ability to navigate the complex regulatory environment, optimise capital structures, and drive digital innovation. We are confident that he will lead the finance and strategy functions with the same rigor and vision that have been the hallmark of IIFL’s success.”

Kousgi echoed the sentiment, noting that “joining IIFL HF is an exciting opportunity to work with a vibrant team that is already redefining home financing in India. I look forward to leveraging technology, strengthening risk frameworks and delivering sustainable value for our borrowers, investors and employees.”

The board’s decision to merge the MD and CFO roles was made after a rigorous search process, which included assessments of leadership style, industry knowledge, and the ability to manage both strategic and operational aspects of the company. The board’s chairperson, Anil Gupta, praised the move: “By integrating the executive leadership with the finance function, we are reinforcing our governance structure and ensuring that our financial discipline is in lockstep with our growth strategy.”

Strategic Vision Under Kousgi

1. Digitalisation & Customer Experience

IIFL HF is already a pioneer in using technology to streamline underwriting and customer onboarding. Under Kousgi’s stewardship, the company plans to deploy AI‑powered credit scoring models that incorporate alternative data sources such as utility payments and social media behaviour. This will expand credit reach into Tier‑2 and Tier‑3 cities while keeping default rates under control.

2. Product Diversification

While residential housing loans remain the core business, the company is set to launch “First‑Home” and “Green‑Home” product lines. The former will offer lower down‑payment requirements and longer lock‑in periods, whereas the latter will focus on environmentally sustainable housing projects, providing competitive interest rates for energy‑efficient homes.

3. Risk & Capital Optimisation

Kousgi’s experience in treasury management will be leveraged to fine‑tune the company’s capital allocation and hedging strategies. The aim is to maintain a stable NPA ratio while expanding the asset base. An “Early Warning System” will be introduced to flag emerging credit risks at the micro‑level, allowing the risk committee to intervene proactively.

4. Capital Raising & Investor Relations

In the wake of a favourable market environment, IIFL HF will explore raising up to ₹2 trn in a mix of debt and equity. Kousgi will play a pivotal role in negotiating terms with institutional investors, ensuring that the capital structure remains optimal for long‑term growth.

Market Context & Competitive Landscape

India’s housing finance market has reached a critical juncture. According to a report by the Reserve Bank of India (RBI), the sector’s credit portfolio grew by 17 % YoY in FY 2024, driven by low mortgage rates and a surge in new home construction. However, competition is intensifying, with banks, housing finance companies (HFCs) and fintech platforms all vying for market share.

IIFL HF’s focus on technology and customer-centricity has given it a competitive edge, but sustaining that advantage will require disciplined risk management and continuous innovation—areas where Kousgi’s skill set is particularly relevant.

Looking Ahead

The appointment of Girish Kousgi as MD‑CFO signals IIFL HF’s commitment to a forward‑looking, integrated approach to growth and risk. With his experience at the intersection of finance, operations and regulatory compliance, Kousgi is poised to steer the company through the next wave of market expansion, while maintaining a resilient and compliant financial foundation.

For more information about IIFL Home Finance’s latest financial performance and strategic initiatives, visit the company’s official website or refer to its quarterly earnings release (FY 2024).