IIFL Home Finance Appoints Girish Kousgi as MD and CFO Effective October 30

IIFL Home Finance Limited, a subsidiary of IIFL Finance Ltd., has announced the appointment of Girish Kousgi as its Managing Director and Chief Financial Officer, effective October 30, 2025, for a period of 5 years.  His appointment is subject to the approval of shareholders. 

IIFL Home Finance Strengthens Leadership Structure

With extensive experience in the housing finance and banking sector, Girish Kousgi is expected to bring valuable expertise to IIFL Home Finance’s operations. His appointment as both MD and CFO signifies a unified leadership approach to driving operational efficiency, profitability, and sustainable growth across the company’s lending portfolio.

Kousgi stepped down as Managing Director and Chief Executive Officer of PNB Housing Finance Ltd in July. Over a career spanning almost three decades, he has held several senior leadership roles, including Managing Director and CEO at Can Fin Homes Ltd, Head of Retail, Credit and Risk at Tata Capital Financial Services Ltd, Executive Vice-President at IDFC Bank Ltd, and Joint General Manager at ICICI Bank Ltd.

Read More: Nuvama Wealth Management Secures SEBI Approval to Sponsor Mutual Fund!

IIFL Finance Q1FY26 Performance

IIFL Finance’s Q1 FY26 saw AUM at ₹83,889 crore (+21% YoY) and total income ~₹2,959 crore (+12.7% YoY), while PAT fell 19% YoY to ₹274 crore; GNPA/NNPA at ~2.3%/1.1%, ROA 1.6%, ROE 7.6%.

Gold loans rebounded strongly (AUM ₹27,274 crore; +30% QoQ, +85% YoY), offset by microfinance softness; management guides for ~20% AUM growth in FY26.

IIFL Finance Share Price Performance

On October 8, 2025, IIFL Finance share price opened at ₹475.55 on NSE, above the previous close of ₹475.50. During the day, it surged to ₹490.90 and dipped to ₹470.50. The stock is trading at ₹485.85 as of 1:45 PM. The stock registered a significant gain of 2.18%.

Over the past week, it has moved up by 7.44%, over the past month, it has moved up by 8.57%, and over the past 3 months, it has declined by 3.07%.

Conclusion

IIFL Home Finance’s appointment of Girish Kousgi as MD and CFO from October 30,2025, marks a key step in its leadership evolution. The market’s positive reaction underscores investor confidence in the company’s strategic direction and its continued focus on strengthening financial performance and corporate governance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.