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Sudhin Choksey

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Sudhin Choksey (born 31 January 1954) is an Executive Director (Designate) of Bandhan Bank[1][2] and the former Managing Director and CEO of GRUH Finance Limited.[3]

Education

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Choksey completed his schooling at New Era School, Mumbai, before earning his degree from Sydenham College of Commerce and Economics, affiliated with the University of Mumbai. To qualify as a chartered accountant, he completed his articleship at G.P. Kapadia & Company, Mumbai, and passed his A.C.A. examinations in 1978. He is currently a fellow member of the The Institute of Chartered Accountants of India.[4]

Career

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Choksey began his career as a credit officer with the Housing Development Finance Corporation in 1978 before moving to American International Group in Bahrain. He later returned to India and joined Deepak Nitrite Limited as a finance manager for a new project.

In 1993, Choksey joined Gruh Finance Limited as General Manager. He was appointed as an Executive Director of the company in May 1996, then as CEO in November 1998, and later as Managing Director in June 2000.[5] In 2019, he led the merger of GRUH Finance with Bandhan Bank.[6][7] Post-merger, he joined the latter as an Executive Director (Designate).,[8] heading the Housing Finance Business of Bandhan Bank.

Currently, Choksey serves as an Independent Director on the board of CSB Bank and as an Advisor to WestBridge Capital, a private investment firm based in California. He has also served as an independent director on the boards of HDFC Credila Financial Services, Deepak Nitrite Limited, Gujarat Ambuja Exports Limited, and Light Microfinance Private Limited. Additionally, he was a board member of Gujarat State Financial Services Limited, a Government of Gujarat undertaking, and Hunnar Shaala Foundation for Building Technology and Innovations.[9]

In 2014, Choksey joined the National Taskforce on Rural Housing and Habitat set up by Ministry of Rural Development (India) for rural housing finance.[10]

Affordable Housing Market

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Choksey is regarded as an advocate for affordable housing in India. He has supported various socio-economic research[11] and piloted affordable housing projects in rural parts of Gujarat.[12] His insights on the dynamics of the Indian housing market are frequently featured on business news platforms, including BQ Prime,[13] CNBC TV18,[14] ET Now[15] and NDTV Profit.[16]

Awards

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Choksey received the Institute of Chartered Accountants of India Business Leader Financial Services Award for the Year 2015.[17]

See also

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References

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  1. ^ "Bandhan Bank looks to scale up presence in home loan segment". Square Capital. 2019-10-29. Retrieved 2020-02-07.
  2. ^ "Bandhan Bank looks to ramp up home loan portfolio". Moneycontrol. 24 October 2019. Retrieved 2020-02-07.
  3. ^ "Sudhin Bhagwandas Choksey, Gruh Finance Ltd: Profile and Biography - Bloomberg Markets". Bloomberg.com. Retrieved 2020-11-14.
  4. ^ "Mr. Sudhin Choksey - MS Global". Retrieved 2025-02-23.
  5. ^ "How Sudhin Choksey Carved A Niche For Gruh Finance". Forbes India. Retrieved 2020-02-07.
  6. ^ "Talks on for Bandhan Bank, GRUH Finance merger". The Economic Times. 2018-12-22. Retrieved 2020-02-07.
  7. ^ "Bandhan Bank, Gruh Finance to merge on October 17". The Economic Times. 2019-10-04. Retrieved 2020-02-07.
  8. ^ "Bandhan Bank looks to ramp up home loan portfolio". Moneycontrol. 24 October 2019. Retrieved 2020-02-07.
  9. ^ "Sudhin Choksey Board of Director Membership | BlinkX". blinkx.in. Retrieved 2025-02-23.
  10. ^ "The National Taskforce on Rural Housing and Habitat" (PDF). Ministry of Rural Development (India). Government of India. March 25, 2014.
  11. ^ "Public-sector Housing: Finance and Allocation", Housing Policy and Finance, Routledge, pp. 56–72, 2013-10-28, ISBN 978-0-203-44622-5, retrieved 2025-02-23
  12. ^ Burger, Nicholas; Gutierrez, Italo; Kumar, Krishna B.; Luoto, Jill E.; Monani, Dhaval; Raichura, Kavita (2014), "The Ashray Housing Project", The Socioeconomic Effects of the Working Poor Moving to Permanent Dwellings, The Case of the Ashray Affordable Housing Pilot Project in India, RAND Corporation, pp. 5–8, doi:10.7249/j.ctt14bs2q2.10?seq=1, retrieved 2025-02-23
  13. ^ Saligrama, Anirudh (2017-10-16). "Gruh Finance Sees Good Demand Home Loans For Next 12-15 Months". NDTV Profit. Retrieved 2025-02-23.
  14. ^ "Expect second half of FY19 to be more positive: Gruh Finance". Moneycontrol. Archived from the original on 2023-06-03. Retrieved 2025-02-23.
  15. ^ "'RBI home loan norm a fillip to affordable housing'". The Economic Times. 2015-03-09. Retrieved 2025-02-23.
  16. ^ Video | Affordable Housing Should be Prioritised: Gruh Finance. Retrieved 2025-02-23 – via www.ndtv.com.
  17. ^ "List of Awardees of ICAI Awards 2015" (PDF). Institute of Chartered Accountants of India.
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