by RM Correspondent,
India Mortgage Guarantee Corporation (IMGC) today announced the appointment of Mahesh Misra as the Chief Executive Officer with effect from January 2, 2018, to drive the strategic goals and operating plans of the company to deliver profitable growth and enhance shareholder value.
Commenting on the appointment, Mr. R V Verma, Board Member, IMGC said, “The Board of the IMGC has been pleased to appoint welcome Mahesh Misra as the new CEO of IMGC. His rich experience in the financial sector encompassing products lines such as mortgages, credit cards, personal loans, insurance and retail liabilities will be very relevant and valuable to IMGC’s business goals. This appointment is strategically aligned to the Board’s Vision of IMGC’s next phase of growth and development on the back of a very positive and supportive policy environment for the mortgage industry, and huge potential for mortgage guarantee across all income segments.”
Mr. Mahesh Misra, CEO, IMGC said, “IMGC is scripting the journey of mortgage guarantee backed home loans in India. I look forward to being part of IMGC’s journey and am excited to work with the talented team. India’s housing sector has witnessed massive disruption in the recent past. The government’s thrust on affordable housing coupled with other positive regulatory changes has rapidly transformed market dynamics. This presents IMGC an opportunity to strengthen its reach and make early home ownership a reality for more Indians.”
Prior to his joining IMGC, Mahesh was the Chief Distribution Officer at Aviva Life Insurance where he managed individual and group businesses with the primary responsibility for revenue delivery, portfolio management & channel development. Mahesh is an MBA from the Indian Institute of Foreign Trade, Delhi and has over 20 years of experience with organizations such as Standard Chartered Bank, Citibank, and Cargill India.