IIFL Finance announced the appointment of Girish Kousgi as its Managing Director and Chief Executive Officer of its subsidiary IIFL Home Finance, an affordable housing finance company.
In his new role, Kousgi will be responsible for leading the Company’s entire business operations, including home loans, the non-home loan segment, MSME loans, and construction finance. With his appointment,
Kousgi brings nearly three decades of leadership experience across the banking and financial services sector. He has a strong track record in driving business growth, managing large teams, and building profitable retail lending franchises. His expertise spans across asset and liability management, with deep domain knowledge in mortgages, SME and Agri finance, retail lending, and deposit products.
Prior to joining IIFL Home Finance, Kousgi served as MD & CEO of PNB Housing Finance and, before that, Can Fin Homes, where he led strategic transformations that strengthened profitability and operational efficiency. He has also held senior roles at Tata Capital Financial Services Limited, IDFC Bank, and ICICI Bank, managing diverse portfolios across sales, credit, product, and risk functions.
Nirmal Jain, Founder, IIFL Group, said, “We are delighted to welcome Girish to the IIFL Group. His vast experience and deep domain expertise in housing finance and retail lending come at an inflection point for the sector. With his strategic insight and our shared values of fairness, integrity, and transparency, I am confident that IIFL Home Finance will strengthen its foundation, expand responsibly, and create enduring value for customers and stakeholders.”
Girish Kousgi said, “I am honoured to join IIFL Home Finance at a pivotal time for the housing finance industry, which is on the cusp of significant transformation and growth. I look forward to contributing to the Company’s mission of making housing finance more accessible and affordable for every aspiring Indian homeowner. With the continued momentum from initiatives like PMAY 2.0 and other government-led housing programs, we are well-positioned to offer tailored financial solutions to the EWS and LIG segments, helping more families realise their dream of owning a home.”
