Tata Capital has announced the appointment of Anil Kaul as the managing director of Tata Capital Housing Finance (TCHFL). Kaul takes over charge from R Vaithianathan.
Speaking on the appointment, Rajiv Sabharwal, CEO and managing director, Tata Capital, said, “We welcome Mr Kaul to the Tata group as the managing director of Tata Capital Housing Finance. The growth of the real estate sector is driven by favourable demographics, urbanisation and rising income levels. Today, housing finance is one of the major contributors to India’s economy and we see immense potential for this category at Tata Capital. We are confident that Mr Kaul’s rich experience and expertise in this sector would help us strengthen our market position and expand our footprint in India.”
On being appointed as the managing director of Tata Capital Housing Finance, Kaul said, “I am honored to join the Tata group in its 150th year. In India, there is a huge demand to own a home or to invest in real estate. Further, systemic real estate reforms and transformative policies by the regulator have created tremendous opportunities for us at Tata Capital Housing Finance. We endeavor to provide innovative home loan solutions to meet the diverse needs of our customers.”
Kaul has spent over two decades in the financial services sector with extensive experience in the retail lending business. He has held senior management positions at ICICI Bank, ICICI Lombard, Citibank N.A., Standard Chartered Plc.
Kaul holds an MBA in Finance from the University of Lucknow.