Arjun Chowdhry, ex-Citi India banker, appointed MD & CEO of Grihum Housing Finance to drive digital-first strategies and expand affordable housing across India.
Grihum Housing Appoints Arjun Chowdhry as MD & CEO
Grihum Housing Finance, a prominent mortgage lender backed by TPG, has announced the appointment of Arjun Chowdhry as its new Managing Director and Chief Executive Officer. Chowdhry, a seasoned banking professional with over three decades of experience, is set to lead the company into its next phase of growth and innovation.adda247+9The Economic Times+9The Economic Times+9
Leadership Transition at Grihum Housing
This leadership change comes as Manish Jaiswal steps down as MD & CEO on August 31, 2025. Jaiswal will continue to serve as an advisor to the board until December 31, 2025, ensuring a smooth transition. Chowdhry’s appointment is expected to take effect next month, bringing a wealth of expertise to the organization.
Arjun Chowdhry’s Extensive Banking Career
Before joining Grihum Housing, Arjun Chowdhry held significant roles in leading financial institutions. At Axis Bank, he served as the Group Executive for Affluent Banking, NRI, Cards & Payments, where he played a pivotal role in expanding the bank’s retail and digital banking operations. His tenure at Citi India spanned nearly 30 years, during which he held various leadership positions, including Country Head – Consumer Bank and Managing Director & Business Head – Payments, Credit Cards & Unsecured Loans. Chowdhry’s extensive experience in consumer banking, payments, and lending positions him well to drive Grihum Housing’s mission of providing affordable housing finance solutions.
Strategic Vision for Grihum Housing
Under Chowdhry’s leadership, Grihum Housing aims to enhance its digital-first approach and expand its reach to underserved communities across India. The company operates 212 branches across 18 states and Union Territories, focusing on serving low and middle-income groups. Chowdhry’s expertise in digital transformation and customer-centric strategies is expected to further strengthen Grihum Housing’s position in the competitive housing finance sector.
Why This News Is Important
Significance in the Housing Finance Sector
Arjun Chowdhry’s appointment as MD & CEO of Grihum Housing Finance marks a significant development in India’s housing finance sector. His extensive experience in retail banking and financial services brings a wealth of knowledge to the organization, positioning Grihum Housing for continued growth and innovation.
Implications for Government Exams
For students preparing for government exams, understanding leadership changes in major financial institutions like Grihum Housing is crucial. Such developments can influence economic policies, financial regulations, and the overall banking landscape, all of which are pertinent topics in various competitive exams.
Historical Context
Evolution of Grihum Housing Finance
Grihum Housing Finance, formerly known as Poonawalla Housing Finance, has undergone significant transformations to become a key player in India’s affordable housing finance sector. Backed by TPG, the company has focused on providing accessible home loan solutions to low and middle-income groups, aligning with the government’s vision of ‘Housing for All.’
Arjun Chowdhry’s Career Milestones
Arjun Chowdhry’s career trajectory reflects his deep understanding of the banking and financial services industry. His leadership roles at Axis Bank and Citi India have been instrumental in shaping retail banking strategies and driving digital initiatives, contributing to the evolution of India’s banking sector.
Key Takeaways from ‘Grihum Housing Appoints Arjun Chowdhry as MD & CEO’
| No. | Key Takeaway |
|---|---|
| 1. | Arjun Chowdhry appointed as MD & CEO of Grihum Housing Finance. |
| 2. | Leadership transition follows Manish Jaiswal’s resignation, effective August 31, 2025. |
| 3. | Chowdhry brings over 30 years of experience from Axis Bank and Citi India. |
| 4. | Focus on expanding digital-first approach and reaching underserved communities. |
| 5. | Grihum Housing operates 212 branches across 18 states and Union Territories. |
Conclusion
Arjun Chowdhry’s appointment as MD & CEO of Grihum Housing Finance signifies a strategic move aimed at bolstering the company’s growth and enhancing its service offerings in the affordable housing finance sector. His extensive experience and leadership are expected to drive innovation and expand Grihum Housing’s impact across India.
FAQs: Frequently Asked Questions
1. Who has been appointed as the MD & CEO of Grihum Housing Finance?
Arjun Chowdhry, a seasoned banking professional with over 30 years of experience, has been appointed as the MD & CEO.
2. When will Arjun Chowdhry officially take charge as CEO?
His appointment is expected to take effect next month after Manish Jaiswal steps down on August 31, 2025.
3. What companies has Arjun Chowdhry worked with previously?
He has worked with Axis Bank as Group Executive and Citi India as Country Head – Consumer Bank and Managing Director & Business Head for Payments, Credit Cards & Unsecured Loans.
4. What is the primary focus of Grihum Housing Finance under Arjun Chowdhry?
The focus will be on enhancing a digital-first approach, expanding affordable housing finance, and reaching underserved communities across India.
5. How many branches does Grihum Housing operate?
The company operates 212 branches across 18 states and Union Territories.
6. Why is this leadership change significant for India’s financial sector?
It signals strategic growth in affordable housing finance and emphasizes the adoption of digital banking strategies in the sector.
7. How is this news relevant for government exam preparation?
Understanding major appointments and leadership changes in financial institutions helps aspirants answer questions on banking, finance, economic policies, and corporate governance.
8. Who was the previous MD & CEO of Grihum Housing Finance?
Manish Jaiswal, who will serve as an advisor to the board until December 31, 2025.
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