IIFL Home Loans Appoints Ajay Sachdewa as Group Chief Business Officer

IIFL Home Loans has announced the appointment of Ajay Sachdewa as Group Chief Business Officer (CBO), marking a strategic move to reinforce its business leadership amid a broader management reshuffle.

Sachdewa brings over two decades of experience in financial services and housing finance, having held senior roles at Axis Bank, HDFC Limited, and HDFC Sales. In his new role, he will be responsible for driving business strategy, expanding distribution networks, enhancing sales productivity, and deepening customer relationships across IIFL’s affordable housing portfolio.

“IIFL Home Finance has been at the forefront of enabling home ownership for underserved communities. I’m excited to further this mission by expanding distribution, enhancing customer connect, and driving sustainable growth in affordable housing—which plays a pivotal role in financial inclusion and nation-building,” Sachdewa said in a statement.

His appointment follows the recent exit of CEO Monu Ratra, as the company undertakes a leadership revamp to support its next phase of growth. Alongside Sachdewa, IIFL also appointed Aarti Marwaha Upadhyay as Chief Human Resources Officer (CHRO), signaling a dual focus on business execution and organizational culture.

IIFL Home Loans, a subsidiary of IIFL Finance Ltd., has seen its home loan portfolio grow 14% year-on-year, reaching Rs32,017 crore as of June 2025. The company continues to focus on affordable housing and regional market expansion, with Sachdewa’s appointment expected to accelerate its strategic goals.