Indiabulls Housing Finance Ltd. Appoints Akshay Gupta As Group Executive Head For Its Asset Management Businesses

Mumbai – In his last assignment as MD & CEO, he was instrumental in setting up the Peerless Funds Management Company from scratch to one of the fastest growing AMCs. Earlier he has worked with Prudential ICICI Mutual Fund, ABN Amro and HSBC.

Under the leadership of Mr.Gupta, IBHFL will leverage its distribution network to substantially enhance its fee income through the Asset Management Business and will also plan to launch an Alternate Investment Fund after seeking necessary approvals.

About Indiabulls Housing Finance:
Indiabulls Housing Finance Ltd (IBHFL) is India’s 3rd largest Housing Finance Company with a balance sheet size of Rs. 43,819 crore. It has a network of 205 branches, and a sales team of about 2000 dedicated and trained employees. It provides quick, convenient and competitively priced home loans to both salaried and self-employed customers. For the fiscal year ending March 2013, the company reported PAT of Rs.1, 265.99 crore. IBHFL is rated AA+