IIFL Home Finance Ltd. has appointed Pradeep Kumar Rangi as its new Chief Risk Officer (CRO). With over two decades of expertise in risk management, Mr. Rangi has an impressive career, having previously served as the Chief Risk Officer at Airtel Payments Bank, where he played a pivotal role in developing the company’s Enterprise Risk Management framework.

Before his role at Airtel Payments Bank, Rangi held leadership positions at Standard Chartered Bank in Singapore, where he made significant contributions to the bank’s risk management. Notably, at SC Ventures, the bank’s fintech division, he was instrumental in creating a risk management framework for fintech startups, focusing on the risks associated with emerging financial technologies.

“I am pleased to join IIFL Home Finance, a company that has been at the forefront of driving affordable housing solutions in India,” said Mr. Rangi, commenting on his new appointment. “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.”

Rashmi Priya, Head of HR at IIFL Home Finance, commented on Mr. Rangi’s appointment, saying, “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.”

Rangi holds the distinction of being a Chartered Accountant and an All-India Rank holder. He also holds certifications in Risk Management and Cybersecurity. His career includes notable exposure across various regions, including India, the Middle East, South Asia, and ASEAN, and he has been recognized for his work in developing advanced risk assessment models and implementing AI-driven strategies.