Our Directors

Mr. Padmanabh Pundrikray Vora
Independent Director

Mr. Padmanabh Pundrikray Vora, holds a Bachelor’s degree in Commerce and is a Chartered Accountant by profession. Mr. Vora is an eminent person in banking and financial markets. He is a member of the Institute of Chartered Accountants of India and Associate of Indian Institute of Bankers and has over 40 years, experience in finance, banking and management. He started his career with State Bank of India in 1967. He had been a Chairman of National Housing Bank, the Regulatory body for Housing Finance Companies in India for 5 years (1996 – 2001).During his long and illustrious career as banker, he has held several prestigious positions in the industry such as serving as the Chairman-cum-Managing Director of the Industrial Development Bank of India from which he retired in 2003.He evidently has an eminent background and experience which is suitable for NBFC’s, mainly housing finance.

Mr. Rajesh Parmanand Khandwala
Managing Director

Mr. Rajesh P. Khandwala is a visionary and founder of the Khandwala Group. He is a Commerce Graduate having experience of over two and half decades in Capital Market activities. He is a dominant figure in Gujarat Capital Market and has contributed greatly to the Group’s rise. He has rich and varied experience in the field of Primary Market, Secondary Market and Mutual FundsHe is an Independent thinker and a measured risk taker with a passion for equities. With his support in the business of housing finance, he is taking up the Company to the new heights.

Mr. Vimal Parmanand Khandwala
Managing Director

Mr. Vimal P. Khandwala is a Commerce Graduate and has deep operational knowledge of more than 20 years in Capital Market activities. He has rich experience in Primary Market, Secondary Market, Derivatives and Arbitrage Operations, and Financial Management. With his strong operational skills Mr. Vimal keeps providing the group with the much needed controls for efficient business operations. With his support in the business of housing finance, he is taking up the Company to the new heights.

Mr. Kartik Shailesh Mehta
Non – Executive Director

Mr. Kartik S Mehta is a qualified Chartered Accountant from Institute of Chartered Accountants of India and a member of the Institute of Cost Accountant of India. He is also qualified Certified Financial Planner. He is a Career banker with more than 27 years of experience in the banking and the financial services industry in India. He has worked across various functions including corporate finance, treasury management, retail banking and distribution, agriculture credit and priority sector and microfinance during his banking career. Over the last couple of years, he has been associated as a Micro Finance practitioner and has extensively worked in the western geographies of India. Mr. Mehta has also been involved with some pioneering work in the banking correspondent space and has travelled extensively to study the model in Brazil and South Africa.

Mrs. Purvi Jayendra Bhavsar
Non – Executive Director

Ms. Purvi J Bhavsar has won several awards and accolades during her professional career including the “Leading women in Telecom” for the year 2010. She has over 25 years of diverse experience in the financial services and telecom industries. Starting her career with Kotak Mahindra Finance Ltd. She has worked in various functions including corporate finance, retail, banking, channel management, distribution and sale with Apple Industries, HDFC Banks, ICICI Bank and Vodafone. Ms. Bhavsar was one of the selected few within ICICI who was identified for a fast track career development. Prior to working in Micro Finance, she was also the regional head in Mumbai looking after the liability business of more than 5000 crores in her territory and handling over fifty branches and leading a team of over 500 employees.