"NHB in exercise of the powers vested with it under the National Housing Bank Act, 1987 has imposed penalty of Rs. 15,000/- on 25/08/2020" on account of deficiency with regard to the adherence of the provisions of Housing Finance Companies- Corporate Governance (NHB) Directions 2016; Issuance of Non-Convertible Debentures on Private Placement basis (NHB) Directions 2014; and Policy Circular No. 55."
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Market Linked Debentures
Motilal Oswal Home Finance Limited (“MOHFL”) issues Rated, Listed, Secured, Redeemable, Principal Protected Non-Convertible Market Linked Debentures (“PPMLDs”).
Please review the relevant offer document / memorandum of private placement relating to the specific PPMLDs for details on the PPMLDs including their risk factors. MOHFL has appointed ICRA Analytics Limited (ICRA), CARE Ratings Limited (CARE) and CRISIL Limited (CRISIL) as the third-party valuation agencies for valuation of these PPMLDs.
As per the Guidelines for Issue and Listing of Structured Products / Market Linked Debentures issued by SEBI vide circular reference no. Cir./IMD/DF/17/2011 dated September 28, 2011, depending on the valuation agency mentioned in the offer document / memorandum of private placement; latest and historical valuations provided by the valuation agent will be available at:
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg, Vikhroli
(West), Mumbai - 400083.
+91 22 49186000/ +91 22 4918 6270
Toll Free Number: 1800 1020 878
+91 22 4918 6060
bonds.helpdesk@linkintime.co.in
www.linkintime.co.in
Mr. Motilal Oswal
Chairman
Mr. Motilal Oswal is the Managing Director & CEO of Motilal Oswal Financial Services Ltd. (MOFSL). He is a Chartered Accountant and started the business along with co-promoter, Raamdeo Agrawal in 1987.
Oswal has served on the Governing Board of the BSE, Indian Merchant’s Chamber (IMC) and has also served on various committees of BSE, NSE, SEBI and CDSL. He is the President of the Jain International Trade Organization (JITO) and has been awarded the Rashtriya Samman Patra by the Government of India for being amongst the highest income tax payers in the country for a period of 5 years.
For his work and contribution to the capital markets, Mr. Oswal has been felicitated with several awards and accolades including:
‘Excellent Business Achiever in Financial Services’ Award by the Institute of Chartered Accountant of India
‘Rajasthan Ratna Manav Seva’ Award by Manav Seva Trust
‘Special Contribution award to Indian Capital Markets’ Award by Zee Business
The Hall of Fame for Excellence in Franchising’ by Franchising World Magazine
‘Champion of Arthshastra’ by the Rotary Club
‘Durgadevi Saraf Puraskar’ by Marwadi Sammelan for extraordinary contributions in the field of Trade & Industry
Samaj Ratna’ Award at the hands of Her Excellency President Smt. Pratibhatai Patil in Rashtrapati Bhawan
Mr. Oswal has authored two books of quotations on ‘The Essence of Business & Management’ and ‘The Essence of Life’.
Ashok Jasani
Head-Product & Strategic Initiatives
Ashok is responsible for scaling up business through various strategic initiatives like strengthening distribution, expanding network, performance monitoring, innovative product commissioning,
and digitization of end-to-end mortgage lending. His career journey started as an area manager in April-2015, elevated gradually, and reach head office.
He holds a master's degree from Gujarat University, a management post-graduate of GLS-CED with 18 years of mortgage finance domain expertise.
He has accumulated extensive experience in the field of Product, Process, Sales, credit, operation, legal, technical, collection, compliance, audit, and risk assessment.
Before joining MOHFL, he has worked with DHFL, Fullerton India, HDFC, ICICI HFC.
Mr. Arvind Hali
Managing Director & Chief Executive Officer
Mr. Arvind will be responsible for driving broad-based strategy, strengthening operations and scaling the
business up.
He holds a masters degree from the University of Mumbai and comes with more than two decades of
experience in the financial domain. He was previously associated with Art Housing Finance Ltd
wherein;he was designated as the MD & CEO of the company. His key areas of expertise are in
Consumer, Retail & MSME lending space, Consumer Loans (Secured and Unsecured), Home Loans
(Urban and Semi-Urban), Mortgages (LAP-Urban, Semi-Urban & Semi-Rural) and MSME Loans (Secured
and Unsecured).
Prior to Art Housing, Arvind has been associated with various financial organizations such as Intec
Capital, AU Financiers limited, Capri global, Dhanlaxmi Bank, Reliance Capital Ltd, Standard Chartered
Bank, and GE countrywide.
He has been instrumental in launching Companies, Business Units, Products and Services in his past
organizations. His core strengths are Strategic Planning, Product development, Innovation, Digitalization
& Technology Deployment and many more.
Mr. Raamdeo Agrawal
Director
Mr. Raamdeo Agrawal is a Chartered Accountant and the Chairman of Motilal Oswal Financial Services Limited (MOFSL). He is the man behind the strong research capabilities at Motilal Oswal Financial Services Ltd. A keen believer and practitioner of the QGLP philosophy, his wealth creation insights and decades-rich experience have played a pivotal role in MOFSL, transforming it from a small stock broking firm to a well-diversified financial services company.
Mr. Agrawal is an Associate of Institute of Chartered Accountants of India and also a member of the National Committee on Capital Markets of the Confederation of Indian Industry. He has received the “Rashtriya Samman Patra” awarded by the Government of India for being amongst the highest Income Tax payers in the country for a period of 5 years from FY95–FY99. He was also conferred with the ‘Special contribution to Indian Capital Market Award’ by Zee Business in 2011.
Mr. Agrawal has been authoring the annual Motilal Oswal Wealth Creation Study since 1996. In 1986, he wrote the book ‘Corporate Numbers Game’, along with co-author, Ram K Piparia. He has featured on `Wizards of Dalal Street on CNBC TV 18` and also compiled a book of investing insights called ‘Wealth Creation Thoughts’.
Ms. Smita Gune
Independent Director
Ms. Smita Gune is finance professional with over 30years of experience in banking and financial
services industry having worked in Hinduja Hospital (Finance team), Tata Finance Ltd, ICICI
Bank. She was the nominee Director of Sakthi Sugars Ltd. and Arvind Brands Ltd and is currently
the director of business risk management at ANB – A risk management consultancy. Mrs. Gune is a
member of Institute of Chartered Accountants of India and Institute of Internal Auditors.
MR. P H Ravikumar
Independent Director
Mr. P. H. Ravikumar is a commerce graduate and is also an ‘Honorary Fellow’ of the
Chartered Institute for Securities & Investment, UK. He is a seasoned Banker having over 48
years of Financial Sector Professional experience with exposure at Top/Senior Management Levels.
He has served on the Board of many well-known organisations like the Bank of India, the ICICI group,
National Commodity & Derivatives Exchange, Bharat Forge, Eveready Industries, Bharat Financial Inclusion Limited,
I.G. Petrochemicals, L&T Investment Management, BOB Capital Markets, Vastu Housing Finance,
SICOM Investments & Finance, Birla Capital Advisors, etc.
He is a member of several national level policy/ regulatory committees set up by the Government of India and an associate member of the Indian and British Institute of Bankers.
He is the first Indian to receive a CISI Honorary Fellowship. He loves reading, music & cricket.
Ms. Divya Momaya
Independent Director
Mrs. Divya Momaya has done B.com from Garware College of Commerce, University of Pune
and is a qualified member of Institute of Company Secretaries of India (ICSI) and Qualified
Independent Director from IICA and a member of Institute of Directors (IOD). Mrs. Momaya
is a founder mentor of D. S. Momaya & Co. and possess more than 16 years of industry
experience. She have been into Whole-time Company Secretarial Practice for more than 12
years and is also a Board Mentor. Her Corporate Journey includes experience with Companies
like BSEL Infrastructure Realty Limited and Bombay Stock Exchange Limited.
Mrs. Momaya is also the Founder & Director of MMB Advisors Private Limited -
MentorMyBoard. MentorMyBoard is an initiative to train and groom Independent Directors,
Women Directors, Executive Directors and Corporate Executives for various Board Positions.
It also helps Companies setting up Board processes and policies in companies which helps
them in growing at faster pace.
She is the member and working committee member of various eminent organisations like
Jain International Trade Organisation (JITO), JITO Angel Network (JAN), IMC Chamber of
Commerce and Industry, CIMSME KDO Venture Katalyst, etc.
Mr. S. Y. Sankhe
Sr. Vice President - Legal & Company Secretary
Mr. Sankhe is post Graduate in Commerce and a member of Bar Council of Maharashtra and Goa. He is
also a fellow member of Institute of Company Secretaries of India and Associate member of Indian
Institute of Bankers.
Mr. S Y Sankhe has more than three decades of rich experience in Banking (Union Bank of India for
8 years), Legal, Secretarial and Finance in reputed listed companies. In his previous
assignment, Mr. Sankhe was with DHFL as Vice President – Company Secretary and Business &
Corporate Legal.
Mr. Shalibhadra Shah
Chief Financial Officer
Shalibhadra Shah is the Chief Financial Officer of Motilal Oswal Home Finance Limited. He is qualified
Chartered Accountant from Institute of Chartered Accountants of India and Graduated from R.A. Podar
College of Commerce & Economics. Prior to joining, he was leading the Taxation Role at an eminent
CA Firm. Shalibhadra is a Finance professional with 17 years of experience spanning the entire gamut
of Finance, Accounts, Taxation & Compliance. Besides being a Finance professional, Shalibhadra spends
his spare time in Spiritual Development, Music & Enhancing Knowledge on Taxation.
Mr. Rajesh Goyal
Head – Collections
Mr. Rajesh Goyal heads the collections department at MOHFL. He has over 25 years of experience in the field of operations and for over two years, he is handling collection across all buckets and has
brought rich experience from operations in streamlining collection activities & processes. He started his journey in 2007 with Motilal Oswal Group from a Mutual fund and was managing the back
office team and moved to MOHFL in 2017. While handling the responsibilities, he achieved several milestones in the MOFSL group while setting up an Asset Management Company,
PMS transactions processing, New Clients Account Opening, Process Automations, Back office of PWM, Cost Optimization and reduction for the entire group, Back office of TPD business,
Back office of Housing finance company. In his previous stints, he was associated with Karvy, Birla Global, and UTI TSL.
Mr. Tahir Shah
Head - IT & Operations
Tahir is responsible for managing overall IT functions and architecting a robust, scalable & sustainable IT platform for HFC apart from giving guidance and support for various IT applications.
He has developed a complete in-house LOS & LMS system. He has been associated with the Corporation since March 2014 and has over 22+ years of work experience.
Apart from IT, he is also given the additional responsibility of managing the entire Operations & CSD department. His main responsibility apart from day-to-day functioning is to automate the manual process.
Mr. Anshuman Singh
Head - Risk Department
Anshuman Singh Heads the Risk Department at Motilal Oswal Home Finance. In his current role, he is responsible for preparing and formulating Risk policies across the organization.
He brings with him close to two decades of experience in the field of Credit Risk - Strategy, Underwriting, Credit & Operational Risk Management, Compliance & Audit Control, Policy Formulation, Product Development, and Data Analytics & Portfolio Management.
Before joining Motilal Oswal Home Finance, he has been associated with ART Housing Finance, Intec Capital, ICICI Bank, and HSBC Bank. He is IIM Calcutta alumni, MBA (Marketing & Finance) from Birla Institute of Management Technology, and AMFI certified.
Mr. Hiren Shukla
Associate Director and Chief Collection Officer
Hiren Shukla is Associate Director and Chief Collection officer at Motilal Oswal Home Finance. He heads the collections and recovery department. His over 30 years of experience with various NBFCs, ARCs and Banks
will enhance value to MOHF operations in the collections and recovery vertical. Under his guidance, the business operations would strive to ensure lower NPA and Delinquencies.
A BE ( Mechanical) with Distinction from Faculty of Technology and Engineering ,( MS University , Vadodara) and an MBA from Faculty of Management Studies,( MS university Vadodara) in the past, has been associated with Equitas Small Finance Bank,
Reliance commercial finance/Reliance Home finance, Reliance Asset reconstruction company limited , and Kotak Mahindra Prime.
He has won several accolades and awards for his constructive contribution to the various business’ growth and bottom line.
Mr. Manish Singh
Chief Business Officer
Manish holds an MBA degree from Welingkar Institute Of Management professional and with 20+ years of work experience in Consumer Lending and has played pivotal strategic roles with the leading
Banking and Finance companies in his earlier assignments notably- ART Housing Finance , ICICI Bank, Intec Capital. Dhanlaxmi Bank Ltd, Reliance Capital Ltd, Magma Fincorp.
Now with MOHF He heads Pan India sales and distribution while ensuring strong portfolio quality with high productivity and commitment towards sustainable growth.
Mr. Vikram Nanaiah
Head Credit
Vikram Nanaiah is a credit professional who brings in 13 plus years of post-qualification experience in credit along with branch banking. He has a core competency in mortgage underwriting and risk management.
He is a professional who believes in improving department policies, standardizing processes to achieve organizational goals, and minimizing risks while capitalizing on opportunities to accomplish growth.
The credit team under his leadership is responsible for the underwriting of files and disbursement.
Prior to joining MOHFL, he has been associated with ART Housing Finance, Lakshmi Vilas Bank, and Habitat Housing Finance. He is an MBA in Finance from Siddaganga Institute of Technological, Tumkur.
Mr. Shantanu Dorlikar
Head- Compliance & Legal
Shantanu Dorlikar heads the Compliance and Legal function at Motilal Oswal Home Finance. BA, LL.B from Govt Law College by education,
Mr. Dorlikar has over 17 years of experience in dealing with legal matters and Legal drafting. In the past, he has worked with Reliance Commercial Finance, Axis Securities, Fedbank Financial Services,
Kotak Life Insurance, L&T Finance and NSDL.
Mr. Shekhar S Dewade
Head- Technical Department
Shekhar.S.Dewade is Head of the Valuation Department. A Qualified Construction Engineer and Graduate from Mumbai University, has rich experience of 19 +years in Building Construction,
Real Estate Retail Finance and Project Finance Industry.
In his current role, he, ensures Quality of Real Estate Properties in Portfolio Along With Team.
Mr. Subodh Kuckian
Regional Business Head - Mumbai & Rest of Maharashtra
Mr. Subodh Kuckian is a banking professional with 18 years of experience in housing finance
sector and is the Zonal head of Mumbai and Rest of Maharashtra.
Prior to joining MOHF, Mr. Subodh was associated with IDBI bank as Assistant General Manager &
Center Head – Home Loans, Mortgage Loans, Auto Loans and Educational Loans
Mr. Sachin Kotkar
Head - Insurance
Mr. Sachin Kotkar is a sagacious and result oriented marketing professional with 15 years of rich
and dedicated experience in Housing Finance and Insurance Services Industry. He is zealous and
adept in managing business operations with focus on top line & bottom line performances.
He has worked with reputed organizations like ICICI Prudential Life Insurance Company and ICICI
Home Finance across various levels. During his stint with his previous organizations, he has won
awards such as President Convention Trophy, Superstar and Rising Star award for his outstanding
contributions.
Mr. Vivek Guleria
Head - Legal & Portfolio
Mr. Vivek Guleria has 14 years of experience in legal domain and corporate practices. He has
in-depth knowledge of legal aspects relating to finance, insurance, real estate and recoveries
portfolio.
In his last stint, he was Associate Legal Claims Head in Reliance General Insurance. Previously,
he has worked as Head – Legal initiation and recoveries at Mahindra Rural Housing Finance.