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Corporate Governance

IIFL Home Finance Ltd. recognizes its role, responsibility and accountability towards its all stakeholders including society in general. As the Company has been growing in size, its responsibility and accountability towards its stakeholders have also been growing simultaneously. The Company envisions becoming the most respected company in financial services space and firmly believes that highest degree of corporate governance is the key to achieve it and emphasizes on implementing the robust, resilient and best corporate practices in every facet of its operations and activities.

The composition of Board of Directors of the Corporation and its Committees are in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

  • Board Of Directors

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      Ms. Mohua Mukherjee

      Independent Director

    • s-sridhar

      Mr. S. Sridhar

      Chairman & Independent Director

    • nirmal-jain

      Mr. Nirmal Jain

      Non Executive Director

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      Mr. R Venkataraman

      Non Executive Director

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      Board Of Director
      Mr. R Venkataraman Co-Promoter and Managing Director, IIFL Holdings Limited

      Mr. R. Venkataraman, Co-Promoter and Managing Director of IIFL Holdings Limited. He holds a B.Tech from Indian Institute of Technology, Kharagpur and MBA from Indian Institute of Management IIM, Bangalore. He joined the IIFL group in July 1999 and has been on the Board of Directors of the Company since its inception. He has been instrumental in establishing various line of businesses over the past 18 years. He previously held senior managerial positions at ICICI Limited, including ICICI Securities, its investment banking joint venture with JP Morgan, and Barclays BZW. He worked as Assistant Vice President with GE Capital Services India in its private equity division. He has a varied experience of more than 25 years in the financial services sector.

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      Mr. Kranti Sinha

      Independent Director

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      Board Of Director
      Mr. Kranti Sinha Independent Director Former Executive Director, LIC

      Mr. Kranti Sinha holds a Master’s Degree in Arts from Agra University and after completing the post graduation in 1963, he joined Life Insurance Corporation of India in 1965 as a directly recruited officer. He has served as the Director and Chief Executive of LIC Housing Finance from 1998 to 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance). He retired from the permanent cadre as the Executive Director of LIC. He also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune.

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      Mr. Monu Ratra

      Executive Director & CEO

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      Board Of Director
      Mr. Monu Ratra Executive Director & CEO

      Mr. Monu Ratra is a graduate of Architecture and MBA with over 17 years of work experience in the financial services industry.. Mr. Ratra has been instrumental in growth of IIHFL’s loan book substantially during the past three years. Under his leadership, IIHFL has aspired to become key player in affordable housing segment and to serve the need of housing finance, especially, of those who are underserved or untouched. Prior to joining IIFL Group, he was associated with Indiabulls Housing Finance Limited as National Business Manager where he was responsible for setting up and building the retail home loan business along with their home equity business. Mr. Ratra has also served HDFC Ltd., ICICI Bank.

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      Board Of Director
      Ms. Suvalaxmi Chakraborty Independent Director, Fortis Healthcare Limited

      Ms. Suvalaxmi Chakraborty, B.Com (Hons.), CA, serves as an Advisor at Transwarranty Finance Ltd and Positron Consulting Services, with advisory assignments spanning debt syndication, Mergers & amp; Acquisitions and capital raising for midmarket corporates, among others. She is also Advisor for Fullerton India Credit Company Ltd. Ms. Chakraborty has been an Independent Director of Fortis Healthcare Limited since April 27, 2018. Prior to this, Ms. Chakraborty served as the Chief Executive Officer of India Operations at SBM Holdings Ltd. (previously known as State Bank of Mauritius Limited) from 2010 to 2013. She joined SBM Holdings in 2010. She launched and ran the commercial banking business of Barclays Bank in India from 2007 to 2010. She held several positions at ICICI Ltd and ICICI Bank between 1989 and 2006, including General Manager for Corporate Banking and Head of Rural, Micro-banking and Agri Business. She was Director on the Board of Fixed Income Money Markets and Derivatives Association (FIMMDA) for over 2 years and headed the working committee (New Products) in FIMMDA (representing ICICI). Ms. Chakraborty has 28 years of experience in banking and financial sector with exposure in to a diverse set of businesses, including project and corporate finance, treasury, and integrated multicurrency fund and asset liability management, corporate banking, rural / agricultural, and micro banking. She has been Nominee Director of RGVN (North East) Microfinance Ltd. Since March 11, 2016. Ms. Chakraborty has been an Independent Director of Caspian Advisors Private Limited since March 25, 2015. She served as Director of Sterlite Industries (India) Limited until November 4, 2004. She is Co-Founder and Director of Espandere Advisors Private Ltd, which is a Business Advisory and Transaction Advisory services provider in the Banking & Finance, Agriculture & Rural, Infrastructure and Manufacturing sectors. She serves as an Independent Director for Magma HDI General Insurance Company Ltd, and Caspian Impact Investments Pvt. Ltd. She is a Chartered Accountant. She has featured in the Fortune India List of 50 most powerful women in business.

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      Mr. A. K. Purwar

      Independent Director

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      Board Of Director
      Mr. A. K. Purwar Independent Director

      Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.

  • Audit Committee

  • Nomination & Remuneration Committee

  • Risk Management Committee

  • Corporate Social Responsibility Committee

Terms and Conditions of appointment of Independent Director

Aug 27 2021 265.07 KB

Related Party Transaction Policy

Oct 29 2020 300.94 KB

Code of Fair Practice under Insider Trading

Oct 29 2020 214.27 KB

CSR Policy

Oct 29 2020 1007.26 KB

Internal Guidelines on Corporate Governance

Oct 29 2020 233.03 KB

Renumeration Policy

Sep 29 2020 1019.74 KB

Vigilance Policy

Sep 29 2020 1.12 MB
  1. Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible;
  2. Recommendation for appointment, remuneration and terms of appointment of auditors of the company.
  3. Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible;
  4. Recommendation for appointment, remuneration and terms of appointment of auditors of the company.