Mahindra Rural Housing Finance has appointed Shantanu Rege as MD and CEO. | Tech US News

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Mahindra Rural Housing Finance, a subsidiary of Mahindra & Mahindra Financial Services Limited, has announced the appointment of Shantanu Rege as Managing Director and Chief Executive Officer. Rege will replace Rajneesh Agarwal, who resigned as CEO and MD on September 30.Th2022.

In his previous role, Regge served as Executive Assistant to Group Chairman Anand Mahindra in 2012. Following his position, he moved to the Rural Housing business in 2016 as Chief Operating Officer. He has been instrumental in creating growth opportunities in the rural housing business and spearheaded the establishment of affordable housing businesses.

Commenting on the appointment, Ramesh Iyer, VC and MD, Mahindra Finance said, “We are excited to have Shantanu Rege head our Mahindra Rural Housing Finance business and we look forward to his expertise in exploring new and attractive growth opportunities. and look forward to benefiting from the leadership. I am confident that his experience will stand us in good stead going forward. I would like to put it on record.

Shantanu Rege, CEO and MD, Mahindra Rural Housing Finance mentioned, “Having seen the transformational potential of housing finance in the lives of customers and employees over the past few years, it is an honor to take charge and drive the business forward. There is tremendous growth potential in the rural and affordable housing business. Over the next few years, we hope to transform the company into a leading housing finance franchise providing housing to a cross-section of customers through innovative solutions and partnerships. meets the requirements.”

Ridge holds an MBA from Harvard Business School and worked with McKinsey & Company and Blackstone in Mumbai before joining the Mahindra Group.

Mahindra Rural Housing Finance has seen commendable achievements on all fronts. Digital transformation, institutionalizing strong organizational and people processes and constantly pushing the envelope when it comes to exploring new products, geographies etc.

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