GIC Housing Finance Limited announced the appointments of Vaijinath M. Gavarshetty, Kishore Garimella, and S. J. Krishnan to its Board of Directors, effective January 6, 2022.
Vaijinath M. Gavarshetty – MBA (Finance), has over 33 years of experience in Banking sector with State Bank of India (SBI) in various capacities & positions including as (i) Chief General Manager & Head of Bank’s Real Estate & Housing Finance Business (ii) Zonal Head of one of the largest & most vibrant Zones of SBI (Western Maharashtra) (iii) nominee Director on the Board of a Listed Corporate and also as (iv) Faculty /Trainer in Bank’s apex Training Institute.
Vaijinath handled Housing Finance Segment of the bank for more than a decade in various assignments, including in Sales, Processing, Underwriting and also in Policy, Process & Strategy formulation, and in various other capacities such as Field Officer, Branch Manager, Head of a Retail Assets Processing center at Bengaluru, as a controller in Pune Zone, as Business Head at Bank level at SBI’s Corporate Centre Mumbai and also as Chief Executive Officer of DHFL (post supersession of DHFL Board by RBI).
Kishore Garimella – M.Sc (Tech) Electronics from Andhra University and PGSM (MBA) – IIM (Bangalore) has over 32 years of experience in Information Technology Industry where he has managed full lifecycle deliveries of multiple medium and large projects and programs for a number of customers, led large System Integration (SI) programs, handled number of consulting engagements which include product conceptualization, information system planning, and merger / acquisition evaluations, the statement said.
S. J. Krishnan, a Chartered Accountant (All India Rank holder), Cost Accountant (All India Rank Holder) and a former IRS Officer has over 35 years of rich industry experience in the field of Account, Audit, Tax & Finance etc. S. J. Krishnan has serviced various key posts during his tenure in Tax Department (Direct & Indirect). Presently he is self-employed professional and has been handling many consultancy assignments like M&A Transactions, Taxation related matters etc. He has also served many corporates including BPCL, E & Y India, Ambuja Cement, Reliance energy etc.
GIC Housing Finance Limited, was incorporated as ‘GIC Grih Vitta Limited’ on 12th December 1989. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. The Company is promoted by General Insurance Corporation of India and its erstwhile subsidiaries namely, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited.
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