Mahindra Rural Housing Finance, a subsidiary of Mahindra and Mahindra Financial Services Ltd, announced the appointment of Shantanu Rege as Managing Director and CEO.
Rege previously worked as an Executive Assistant to Anand Mahindra, Group Chairman, in 2012. Following his tenure, he moved to the rural housing industry as Chief Operating Officer in 2016. He was instrumental in developing expansion potential in the rural housing sector and pioneered the establishment of the affordable housing business.
Speaking on the appointment, Ramesh Iyer, VC & MD, Mahindra Finance said, “We are excited to have Shantanu Rege spearhead our Mahindra Rural Housing Finance business and we will look forward to capitalizing his expertise and leadership to explore newer and attractive growth opportunities. I am sure that his experience will hold us in good stead going ahead. I would like to place on record the enormous contribution made by Rajnish during his stint, helping us expand our rural housing business”.
Shantanu Rege, CEO & MD, Mahindra Rural Housing Finance mentioned, “Having witnessed the transformation potential of housing finance within the lives of customers and employees over the past few years, it is a privilege to take charge and lead the business going forward. The rural and affordable housing businesses have tremendous potential for growth. Over the next few years, we hope to transform the company into a leading housing finance franchise that addresses the housing needs of a cross-section of customers through innovative solutions and partnerships.”
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Rege has an MBA from Harvard Business School and has previously worked in Mumbai for McKinsey & Co. and Blackstone.
Mahindra Rural Housing Finance has made excellent progress in all areas, including digital transformation, institutionalising strong organisational and people processes, and consistently pushing the envelope in terms of exploring new products, regions, and so on.
