IIFL Finance Announces Senior Management Changes and CRISIL Rating Reaffirmation
IIFL Finance Limited has announced significant changes in its Construction and Real Estate division, effective from January 31, 2026. The company informed stock exchanges about the resignation of Mr. Pranav Dholakia and the appointment of his successor, Mr. Sudhanshu Pareek, under Regulation 30 of SEBI Listing Regulations.
The leadership transition involves two key appointments in the Construction and Real Estate division:
- Resignation : Mr. Pranav Dholakia, Head - Construction and Real Estate, effective January 31, 2026. - Appointment : Mr. Sudhanshu Pareek, Head - Construction and Real Estate, effective February 01, 2026.
Mr. Dholakia's resignation letter, dated January 30, 2026, cited his decision to explore new opportunities as the reason for leaving his position. He expressed gratitude to the management for their continued support and trust during his tenure.
Mr. Sudhanshu Pareek brings extensive experience to his new role as Head - Construction and Real Estate. His professional background includes over 18 years of experience across real estate, project management, and business development. He holds an MBA in Sales & Marketing from SCMHRD, Pune, and has previously served in senior roles at Kalpataru Limited, Peninsula Land, and other organizations.
Mr. Pareek's career spans multiple sectors and functions within the real estate and financial services industry. His key professional experiences include: - Kalpataru Limited : During his decade-long tenure as Vice President – Strategic Initiatives, he managed P&L for marquee residential and redevelopment projects, drove new project acquisitions, and strengthened sales performance through structured reviews and execution oversight. - Peninsula Land : Leadership roles in business development. - Omkar Realtors & Developers : Project and sales management positions. - ICICI Bank and Nicholas Piramal : Product management roles.
Mr. Pareek is recognized as a seasoned business leader with expertise in: - Real Estate development and management - Project Management and execution - Business Development and strategic initiatives - Product Management and strategy - Due diligence and financial feasibility analysis - Stakeholder management - Cross-functional team leadership across multiple geographies
The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided detailed annexures, including the resignation letter and comprehensive profile information, as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The notification was signed by Samrat Sanyal, Company Secretary & Compliance Officer, and communicated to both BSE Limited and The National Stock Exchange of India Limited on January 30, 2026.
Additionally, IIFL Finance Limited announced that CRISIL Ratings has reaffirmed the credit ratings for its material subsidiary, IIFL Home Finance Limited, on January 29, 2026. The ratings include: - CRISIL AA/Stable for Bank Loan Facilities and Non-Convertible Debentures - CRISIL PPMLD AA/Stable for various market-linked instruments - CRISIL A1+ for Commercial Paper
The rating reaffirmation was communicated to both BSE Limited and The National Stock Exchange of India Limited as part of mandatory disclosure requirements. IIFL Finance Limited trades on BSE with scrip code 532636 and on NSE with the symbol IIFL. The company has also informed India International Exchange (IFSC) Limited about this development.
IIFL Finance Limited, incorporated in 1995, operates from its corporate office in Andheri East, Mumbai, with its registered office located in Thane. The company's strong financial position and consistent performance in the housing finance sector are reflected in these recent management changes and rating reaffirmations.
