Introduction
IIFL Home Finance Ltd., one of India’s leading affordable housing finance companies, has appointed Pradeep Kumar Rangi as its Chief Risk Officer (CRO). With a career spanning over 20 years in risk management, Mr. Rangi brings extensive experience in enterprise risk management, governance, and regulatory compliance. His appointment is expected to strengthen IIFL Home Finance’s risk strategy as the company continues to expand its digital capabilities and presence in the affordable housing sector.
Pradeep Rangi’s Professional Journey
Previous Roles and Expertise
Before joining IIFL Home Finance, Mr. Rangi served as the Chief Risk Officer at Airtel Payments Bank, where he played a crucial role in developing and implementing a comprehensive Enterprise Risk Management framework. His leadership helped in identifying financial risks and establishing policies to mitigate potential challenges in the payments banking sector.
Prior to that, he held key positions at Standard Chartered Bank (SCB) in Singapore, where he was responsible for risk oversight and regulatory compliance. At SC Ventures, the innovation and fintech division of Standard Chartered Bank, he led the development of a risk management framework for fintech startups and managed risks associated with emerging financial technologies.
International Experience and Credentials
Mr. Rangi’s career spans across multiple regions, including India, the Middle East, South Asia, and ASEAN markets. His expertise in designing risk assessment models, AI-driven risk strategies, and regulatory risk management has positioned him as a leader in financial risk governance.
He is a Chartered Accountant and an All-India Rank holder, with additional certifications in Risk Management and Cybersecurity. His in-depth knowledge of financial regulations and technological advancements makes him a valuable addition to IIFL Home Finance’s leadership team.
Statements from Leadership
Pradeep Rangi on His Appointment
Expressing his enthusiasm for his new role, Mr. Pradeep Kumar Rangi stated:
“I am pleased to join IIFL Home Finance, a company that has been at the forefront of driving affordable housing solutions in India. With the ever-evolving financial landscape, my focus will be on strengthening the organization’s risk management framework, enhancing digital security, and ensuring the highest standards of regulatory compliance. I am committed to building a proactive risk culture that not only meets but exceeds regulatory expectations, driving the company’s growth and resilience. I look forward to contributing to the company’s mission of empowering homeownership for millions of Indians while navigating the challenges and opportunities of a rapidly digitizing world.”
IIFL Home Finance Leadership’s Perspective
Ms. Rashmi Priya, Head – HR, IIFL Home Finance, welcomed Mr. Rangi’s appointment, stating:
“We are delighted to welcome Mr. Rangi to our leadership team. With his deep expertise in risk management, technological innovation, and regulatory compliance, he will play a key role in shaping and advancing IIFL Home Finance’s risk strategy. As we continue to enhance our digital capabilities and expand our reach in the affordable housing sector, Pradeep’s leadership will be crucial in ensuring a robust and resilient risk framework to support our strategic objectives.”
Strategic Importance of the Appointment
With the affordable housing finance market in India growing rapidly, ensuring strong risk management practices is essential. Mr. Rangi’s expertise will help IIFL Home Finance:
- Strengthen its risk management framework to support business expansion.
- Enhance digital security measures to protect financial transactions and customer data.
- Ensure compliance with evolving regulatory guidelines in the banking and finance sector.
- Integrate AI-driven risk management tools to improve operational efficiency.
His appointment aligns with IIFL Home Finance’s broader strategy to drive financial inclusion, leverage technology for growth, and maintain a resilient governance structure.
Conclusion
As Chief Risk Officer, Mr. Pradeep Kumar Rangi is set to play a crucial role in advancing IIFL Home Finance’s risk strategy and governance framework. His extensive experience across banking, fintech, and payments will be instrumental in navigating the company through a dynamic financial landscape. Under his leadership, IIFL Home Finance aims to fortify its risk culture while continuing to empower millions of Indians in their journey toward homeownership.