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IIFL Home Finance Ltd. and Indian Naval Placement Agency sign an MoU for hiring of Navy veterans

New Delhi, 28th January, 2022: IIFL Home Finance Ltd. (IIFL HFL) and the Indian Naval Placement Agency (INPA) today signed an MoU, through which the two entities will explore opportunities for the recruitment of naval veterans within IIFL HFL. IIFL HFL aims to hire veterans/ Ex-servicemen / dependents who have retired from the Indian Navy/ dependents and competent for roles through this MoU. Mr. Monu Ratra, ED & CEO, IIFL HFL s and Vice Admiral Suraj Berry, AVSM, NM, VSM, Controller of Personnel Services, Indian Navy signed the MoU. At the event, IIFL Home Finance Ltd was represented by Mr. Monu Ratra, ED & CEO, IIFL HFL, Col Rajesh Shukla, Lead Sales & Business Development (Uniformed Forces) and Ms Rashmi Priya, Head-HR, IIFL HFL while INPA was represented by Cmde Pankaj Sharma, Principal Director ESM Affairs at IHQ MoD (Navy) & Commander Vijay Director ESM Affairs.

Through the MoU, INPA will identify a pool of Ex-Servicemen/ dependents candidates for relevant roles as per recruitment standards of IIFL HFL. The company will, in turn, enable these individuals’ transition to the corporate sector through in-house assimilation and training programs.

IIFL HFL under the aegis of its Diversity & Inclusion initiative aims to offer ex-servicemen opportunities in line with their qualifications, experience, and attributes acquired during their service period. Appreciating the efforts of the Indian Naval Placement Agency in helping the veterans find employment opportunities after completing their service to the nation, Mr. Monu Ratra stated that “We want to thank Admiral Suraj Berry AVSM, NM, VSM, Commodore Pankaj Sharma and Commander Vijay for making us a part of this endeavour”. Reiterating their commitment towards the country and its talent he added that “We, at IIFL HFL are dedicated to positively impact the communities we are a part of and through this program we hope to boost our existing workforce to provide affordable housing that truly works better for everyone”.

“We are honored and proud to partner with the Indian Navy to recruit our veterans who have served the country selflessly and bring with them special skills that can be applied towards creating a healthier world and through this MoU we hope to further our commitment to our armed forces and provide our veterans a platform to continue utilizing their skills and competency.” said, Ms. Rashmi Priya, Head-HR, IIFLHFL.

In his concluding remarks Vice Admiral Suraj Berry, AVSM, NM, VSM, said that “The INPA is committed to facilitating Ex-Servicemen, our veterans, find employment opportunities after their service to our Nation and it is our endeavor to work with the corporate sector to identify and develop programs that enables this cause. We look forward to working with IIFL HFL on this initiative”.

About IIFL Home Finance Limited:

Incorporated in 2006 and registered in 2009 with the National Housing Bank (NHB), IIFL Home Finance Limited is a wholly-owned subsidiary of IIFL Finance Limited. The Company is one of India’s leading housing finance companies and is a preferred choice for affordable home loan requirements. Through our affordable home loans, IIFL Home Finance makes people's aspirations of owning a home a reality. As a technology-driven housing finance player, we endeavour to make our customer experience as seamless as possible. We have made the entire life cycle of our housing loans i.e., from origination to closure, completely digitized. We have managed this through our state-of-the-art IT infrastructure which has helped in reducing costs, enabled real-time analysis of customer data, and improved our control and underwriting functions, while increasing customer reach and distribution capability.

We operate a financially inclusive customer-centric lending business and strive to ensure that our business model contributes significantly to the upliftment of the EWS and LIG segments. As of March 31, 2021, 74.90% of our live accounts were from customers who belonged to the EWS and LIG segment. Through the provision of loans for the purchase of homes to a customer segment that is not serviced by the mainstream financial services sector and our employment of personnel in rural and semi-urban locations across India, we are fulfilling an important social objective of economic upliftment for these segments of the Indian economy. We offer our customers a range of mortgage-related loan products, these include (i) housing loans, for purchase of ready built residential units, under-construction property by approved builders, self- construction, home improvement on pre-owned property, and purchase of land for construction of residential property; (ii) secured business loans, for primarily meeting working capital requirement, business use and purchase of commercial property; and (iii) affordable housing project loans, to meet construction expenses of affordable housing projects of reputed developers.

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