Religare Enterprises Limited (REL) announced the appointment of Mr. Pavan Kumar Gupta as the Managing Director (MD) & Chief Executive Officer (CEO) of its step-down subsidiary, Religare Housing Development Finance Corporation Limited (RHDFCL). The appointment is effective from July 01, 2026, subject to shareholder approval. Mr. Gupta brings over 30 years of experience in the housing finance and mortgage industry.
Leadership Update at Religare Housing Development Finance Corporation
Religare Enterprises Limited (REL) is pleased to announce a significant leadership development within its subsidiary, Religare Housing Development Finance Corporation Limited (RHDFCL). The Board of Directors of RHDFCL, during their meeting on June 17, 2026, has approved the appointment of Mr. Pavan Kumar Gupta as the Managing Director (MD) and Chief Executive Officer (CEO) of RHDFCL. This pivotal appointment is set to take effect from July 01, 2026.
Shareholder Approval and Interim Period
It is important to note that Mr. Gupta’s appointment as MD of RHDFCL is contingent upon the successful approval of the shareholders of RHDFCL, which will be sought in due course. In the interim period leading up to the effective date, Mr. Gupta will hold the designation of “MD & CEO designate.” The Board has also approved his joining date as June 25, 2026, allowing for a smooth transition.
About Mr. Pavan Kumar Gupta
Mr. Gupta is a seasoned professional with over 30 years of extensive experience in building, scaling, and transforming housing finance and mortgage businesses across India. Prior to this role, he served as the CEO of Muthoot Housing Finance Company Limited. His career also includes significant tenures at leading institutions such as Dewan Housing Finance Limited (DHFL), Deutsche Postbank Home Finance Limited, and BHW Birla Home Finance Limited, where he held various senior positions and led substantial regional expansions and portfolio growth.
Academically, Mr. Gupta is a Chartered Financial Analyst from ICFAI, Hyderabad, securing an All India Rank of 1 in Level 3. He also holds an MBA in Marketing & Finance from Utkal University (University Rank 2) and a B.Sc. in Physics (Honours) from the same university (University Rank 7). His contributions to the BFSI sector have been recognized through several accolades, including being named a Most Admiring BFSI Leader by the World BFSI Congress (2022) and ranking among the Top 60 CEOs in India by StartupLanes (2022).
Disclosure of Relationships
Further details pertaining to this appointment, including disclosure of relationships between directors, are provided in Annexure – 1. It is confirmed that Mr. Pavan Kumar Gupta is not related to any of the Directors of the company.
Source: BSE
