Our Directors
MR. RAJESH P. KHANDWALA
CHAIRMAN & 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 Groups rise. He has rich and varied experience in the field of Primary Market, Secondary Market and Mutual Funds. He 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 P. 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. Kushal Khandwala
WHOLE TIME DIRECTOR
Mr. KUSHAL KHANDWALA – is a graduate with a Master’s degree from the University of Warwick, who possesses substantial expertise in the Finance sector and Non-Banking Financial Company (NBFC) funding. Following a 3-year tenure at one of the top 3 investment houses, he has been actively involved with the KHANDWALA Group, assuming a full-time role in overseeing the operations of KIFS Housing Finance.
MR. SATISH MEHTA
INDEPENDENT DIRECTOR
Mr. Satish Mehta is the founder of Athena Advisors – a boutique consultancy firm, consulting in the areas of Mortgage Finance and Credit Information & Bureaus. Mr. Mehta’s experience spanning over 40 years in the areas of housing finance, consumer finance, business development, training, credit information and management consultancy has resulted in the creation of India’s first credit bureau – CIBIL, and he has extended invaluable expertise to the fledgling financial infrastructures of countries in South Asia and the Middle East. Prior to founding Athena, Mr. Mehta worked with the Quantum Group (CEO), Dun & Bradstreet Dubai (President – Financial Infrastructure & Credit Bureaus), Credit Information Bureau (India) Ltd – CIBIL (MD), HDFC (General Manager) and Piramal Capital & Housing Finance Limited (COO).
His expertise has been used in various countries, which were in the process of developing
their financial infrastructure. Specifically, he successfully headed the team that provided the technical knowhow for credit bureaus in UAE, Egypt, Sri Lanka and Bhutan. He has performed extensive work for the World Bank Group in India, Bhutan, Botswana, Azerbaijan, Kyrgyzstan, Tajikistan, Uzbekistan and Sub-Saharan Africa (Ghana, Senegal, Ethiopia)
Prior to his responsibilities at CIBIL, Mr. Mehta was General Manager – Business
Development, at HDFC and was involved in various functions including business
development, training, knowledge creation, consulting advisory services, due diligence for investments, entry strategies, projects for multi-lateral agencies, operational management, human resource management and loan syndication. An additional responsibility was to manage the diligence and valuation leading to the investment by HDFC in housing finance companies in Sri Lanka and Bangladesh and was on the Board of Directors of the Sri Lankan venture for a period of four years. Satish was responsible for the training and business
development functions there. He was also responsible for HDFC’s initial foray in to education loans.
He was responsible for the business plan and joint venture that HDFC started with GE – USA. The joint venture, Countrywide consumer finance was in the business of giving consumer loans pan India.
In addition, Mr. Mehta has worked closely as a consultant, delegate, faculty member with a number of international organizations like the International Finance Corporation (IFC) in Nepal, World Bank in Indonesia, Bank of Housing and Construction and Home Finance Company Limited in Ghana, Building Societies Institute in Australia, National Mortgage Institute in Fairfield, USA, The Building Societies Association, UK and GE Capital Corporation, USA.
By education he is a Chartered Accountant and a graduate in science with specialization in statistics and economics. Presently, he is a consultant to the World Bank, Strategic Advisor to fintech startups and Professor of Practice of Management at Ahmedabad University and consultant to Housing Finance & Affordable Housing Finance Companies. Mr. Satish Mehta is an independent director on the Board of P.E. Analytics Limited and Chairman of Board of Directors of Pahal Financial Services Private Limited. He is also on the Advisory Board of TRST Score (venture by Fiducia Score Private Limited).
their financial infrastructure. Specifically, he successfully headed the team that provided the technical knowhow for credit bureaus in UAE, Egypt, Sri Lanka and Bhutan. He has performed extensive work for the World Bank Group in India, Bhutan, Botswana, Azerbaijan, Kyrgyzstan, Tajikistan, Uzbekistan and Sub-Saharan Africa (Ghana, Senegal, Ethiopia)
Prior to his responsibilities at CIBIL, Mr. Mehta was General Manager – Business
Development, at HDFC and was involved in various functions including business
development, training, knowledge creation, consulting advisory services, due diligence for investments, entry strategies, projects for multi-lateral agencies, operational management, human resource management and loan syndication. An additional responsibility was to manage the diligence and valuation leading to the investment by HDFC in housing finance companies in Sri Lanka and Bangladesh and was on the Board of Directors of the Sri Lankan venture for a period of four years. Satish was responsible for the training and business
development functions there. He was also responsible for HDFC’s initial foray in to education loans.
He was responsible for the business plan and joint venture that HDFC started with GE – USA. The joint venture, Countrywide consumer finance was in the business of giving consumer loans pan India.
In addition, Mr. Mehta has worked closely as a consultant, delegate, faculty member with a number of international organizations like the International Finance Corporation (IFC) in Nepal, World Bank in Indonesia, Bank of Housing and Construction and Home Finance Company Limited in Ghana, Building Societies Institute in Australia, National Mortgage Institute in Fairfield, USA, The Building Societies Association, UK and GE Capital Corporation, USA.
By education he is a Chartered Accountant and a graduate in science with specialization in statistics and economics. Presently, he is a consultant to the World Bank, Strategic Advisor to fintech startups and Professor of Practice of Management at Ahmedabad University and consultant to Housing Finance & Affordable Housing Finance Companies. Mr. Satish Mehta is an independent director on the Board of P.E. Analytics Limited and Chairman of Board of Directors of Pahal Financial Services Private Limited. He is also on the Advisory Board of TRST Score (venture by Fiducia Score Private Limited).
MR. VIKAS KUMAR
INDEPENDENT DIRECTOR
Mr. Vikas is a qualified Chartered Accountant (FCA) with more than 31 years of post-qualification
experience. He is a partner with T.R. Chadha & Co LLP (TRC) since 1995 (more than 29 years) and is the CEO of the firm with more than 950 employees reporting to him. TRC is a 78 years old CA Firm with 11 offices All Over India and is considered in Top 10 CA Firms in India.
experience. He is a partner with T.R. Chadha & Co LLP (TRC) since 1995 (more than 29 years) and is the CEO of the firm with more than 950 employees reporting to him. TRC is a 78 years old CA Firm with 11 offices All Over India and is considered in Top 10 CA Firms in India.
Mr. Vikas is a qualified Chartered Accountant (FCA) with more than 31 years of post-qualification experience. He is a partner with T.R. Chadha & Co LLP (TRC) since 1995 (more than 29 years) and is the CEO of the firm with more than 950 employees reporting to him. TRC is a 78 years old CA Firm with 11 offices All Over India and is considered in Top 10 CA Firms in India.
He is a regular speaker/panelist at many conferences and seminars of Institute of Chartered Accountants of India (ICAI), Securities and Exchange Board of India (SEBI), Comptroller & Auditor General of India (CAG), etc on various topics including Financial Services Audits, Forensic Audits, Accounting Standards, etc. He is also a member / reviewer of the following committees / Boards of ICAI;
• Technical reviewer of Quality Review Board constituted by ICAI and Government of India
• Technical reviewer for best presented accounts in India and South Asian Federation of Accountants
(SAFA)
• Member of the group for revision in Guidance note on audit of Banks and Long Form Audit Report
(LFAR) for Banks
• Co-opted Member of the Committee on Career Counselling of ICAI
• Member of the Expert Panel for Addressing queries related to Statutory Audit pertaining to Auditing Aspects
He has also done various inspections and special audits on behalf of SEBI, RBI, IRDA, etc. Mr. Vikas has excellent relations with the Regulators and engages with them on regular basis including doing various work on their behalf.
Mr. Vikas has been involved in various large and midcap groups advising them on various aspects including control improvements, process strengthening, cost management, etc. He has been involved with writing various accounting manual, audit manual, etc. for various companies. He has exposure in various Industries including Oil & Gas, Telecom, Infrastructure, Real Estate, Manufacturing, Services, Stock Exchange, Mutual Funds, Insurance Companies, Private Equity, Large international organizations, etc.
He has been on Board of few companies on behalf of PE players in past. Mr. Vikas is an excellent motivator and helps organization build the culture and achieve the goals. His strength lies in analytical thinking, fast understanding, critical decision making and taking the team along.
• Technical reviewer of Quality Review Board constituted by ICAI and Government of India
• Technical reviewer for best presented accounts in India and South Asian Federation of Accountants
(SAFA)
• Member of the group for revision in Guidance note on audit of Banks and Long Form Audit Report
(LFAR) for Banks
• Co-opted Member of the Committee on Career Counselling of ICAI
• Member of the Expert Panel for Addressing queries related to Statutory Audit pertaining to Auditing Aspects
He has also done various inspections and special audits on behalf of SEBI, RBI, IRDA, etc. Mr. Vikas has excellent relations with the Regulators and engages with them on regular basis including doing various work on their behalf.
Mr. Vikas has been involved in various large and midcap groups advising them on various aspects including control improvements, process strengthening, cost management, etc. He has been involved with writing various accounting manual, audit manual, etc. for various companies. He has exposure in various Industries including Oil & Gas, Telecom, Infrastructure, Real Estate, Manufacturing, Services, Stock Exchange, Mutual Funds, Insurance Companies, Private Equity, Large international organizations, etc.
He has been on Board of few companies on behalf of PE players in past. Mr. Vikas is an excellent motivator and helps organization build the culture and achieve the goals. His strength lies in analytical thinking, fast understanding, critical decision making and taking the team along.
MS. BHAVNA DESAI
NON EXECUTIVE DIRECTOR
Smt. Bhavna Govindbhai Desai, is a Bachelor in Commerce from Bombay University having over two decades of experience in shares and security market activities. Presently, she is associated with various companies in the capacity of Independent Women Director.