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It has a loan book of over Rs 300 crore and around 150 employees and Centrum will acquire the housing finance business, including the loan portfolio, branches and employees. Centrum Housing has a loan book of over Rs 700 crore now and this deal will take it to cross the Rs 1,000 crore-mark. National Trust Housing Finance is into affordable housing finance since the mid-1990s and is present in 17 cities across four southern states. Before setting up the private equity business, he was Managing Director (Corporate & Commercial Banking) of Rabobank India.
Our offerings carry the stamp of creativity backed by technology, extensive research and efficient execution, earning trust, resulting in long term relationships. A veteran Banker with a successful global MNC career spanning over three decades. He has played a key role in transitioning the Centrum Group, from a pure play financial advisory business to becoming a diversified financial services group. His present focus is on steering Centrum’s Banking venture - Unity Bank into a New Age Digital First Bank.
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He is one of the most significant people in Indian Entertainment economy today and is seen as one of the key visionaries in the industry. He is currently a Council member of Film & Television Producers Guild of India. He has held key position in media & entertainment focused government bodies & Federation including Ex-Chairman of National Film Development Corporation. Mr. Kamath has led initiatives for promoting sound and efficient corporate governance practices where ever he worked.
Starting his career with Bank of Baroda, he has over 37 years of experience in corporate and investment banking. Mr. S.K Mitra joins our board with over 40 years of experience in the financial industry. He has held roles in companies such as Standard Chartered, American Express and the Aditya Birla Group, operating across functions such as investment banking, asset management and financial services. Rajesh Srivastava is the Executive Chairman of Rabo Equity Advisors, managing Rabobank sponsored private equity funds (AUM US$270mln), both focused on food and agribusiness. The Funds have blue chip investors like Rabobank; IFC; CDC Group, UK; Asian Development Bank; Generali Insurance, Italy; FMO; Proparco, France; IFU, Denmark amongst their investors.
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Nischal moves to Centrum after a long and successful stint as Head of Institutional Equities at Edelweiss Securities Ltd., where he led the large institutional business and equity research team of over 200 in Asia. He was instrumental in taking Edelweiss to the top spot in the Institutional Broking space. He has strong corporate relationships and is well networked in the equity markets and industry, having leveraged his relationships for closing Investment Banking deals as well, at Edelweiss. He leads the diversification and expansion program at Casby and has successfully initiated new businesses such as Solution Design, Warehousing and Refrigerated . He is also involved in the growth of the other Group offerings that include Construction & Real Estate development, Digital Security & Surveillance, telecommunications and Software Development.
One of India’s fast-growing and diverse financial services groups, Centrum has been serving the financial and advisory needs of institutions and individuals for two and a half decades. Cash Collaterized Loan is a cash backed facility for customers with investments with Centrum Finance which makes it possible to obtain credit using investments and their equivalent already domiciled in Centrum Finance. Jaspal Bindra, executive chairman of Centrum Group, said the acquisition will help the company expand its geographical coverage, add origination capacities to augment organic growth. Sanjay has close to 25 years of rich experience in Financial Services that includes setting up of Housing Finance Companies and launch of Retail Banking business in newer geographies.
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In this post, we outline some tips to help you avoid falling into debt this season. The mortgage industry has changed rapidly over the last decade in tandem with the rest of the world. Recognizing this means new challenges and new information to wade through, we have dedicated ourselves to being a source of knowledge for our clients. In our blog section, you will find a variety of practical topics meant to educate our clients on the ‘need-to-knows’ of today’s market. Prior to Centrum, he worked with SBI Capital Markets and with IL&FS Group in financial advisory and fund raising domain on marquee Infrastructure Projects.
You will now receive updates on the new insightful blog, company announcement, product offering, & more. As per section 24B of the Income Tax Act, you can claim a deduction of Rs. 2,00,000 if you take possession or construct a house within the first 5 years once you take a home loan. If the period of 5 years exceeds, you will be able to claim only Rs. 30,000. As per Section 80C of IT Act, a deduction of up to Rs. 1,50,000 can be claimed every year for repaying the principal on properties that are both rented and self-occupied. To qualify for this benefit, you must avoid selling the property till it completes 5 years from the date of possession.
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Under his leadership, the company expanded its Logistics operations from a regional scale to a pan-India scale within the business verticals of Air, Sea, Surface and Rail Cargo movement. Rishad's contemporary management style combined with the family values on which the company was built have influenced steady growth in the face of adversity and global slowdowns. Commercial finance are loans given to businesses to fulfill their daily expense needs, fund their working capital requirements and expansion plans.
He had joined Ratnakar Bank in June 1980 and served the bank for thirty-four years, initially in an executive capacity across various departments, including MD & CEO, and in the last four years as its non-executive Chairman. Mr. Manmohan Shetty is a Founder of Adlab Films Ltd., one of the largest entertainment corporation of India. He is currently a director of ADLABS Entertainment Ltd, Thrill Park Limited, Walkwater Media Limited among others.
No stamp duty, capital gains and income tax were paid as is required in a plain sale and transfer of property. The partnership entity, through which funds flowed in and out, let a new set of partners control the property. Centrum Housing Finance, the affordable housing finance arm of the Centrum Group, also runs Unity Small Finance Bank.
Successfully monetized the Money Exchange business by selling it to Atlanta based, NASDAQ listed – Ebix Inc. Get live Share Market updates and latest India News and business news on Financial Express. We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Centrum Housing Finance Limited endeavours to ensure that the data and other material in this section are correct and complete, but does not accept liability for any error made or omission from this section. By contacting Centrum Housing Finance Limited on Toll Free/Website or any other mode, you authorize our representatives to reach out to you through personal communication via SMS and phone calls regarding our services. This consent will supersede any registration for any Do Not Call / National Do Not Call .
As the erstwhile CEO of Adlabs Entertainment Ltd, Kapil was instrumental in creation of Adlabs Imagica – India’s first premier theme park destination. He was responsible for business management, strategic planning, project implementation, general management and corporate finance. Prior to joining Adlabs Entertainment Limited he was working with Adlabs Films Limited as the Corporate Head – Strategic Planning and Acquisitions and Centrum Capital Limited as an Executive Director. Prior to joining Centrum, he was with Nomura Securities, Deutsche Bank’s structured credit investments and ICICI Bank’s structured finance team.
Under the leadership of Mr. Kamath, PNB’s rank improved from 186th to 175th in The Banker’s Top 1000 Banks of the World. Prior to moving to PNB, Mr. Kamath was CMD of Allahabad Bank and Executive Director of Bank of India. Mr. Rishad Byramjee is the Managing Director of the Casby Logistics Group of Companies since 2003. Established in 1857, the company is a market leader in stevedoring activities India. Prior to taking on his current post, Rishad was actively involved in the Operations of the family business.
As a senior Coverage Banker he is responsible for covering the Stressed asset resolution apart from leading Investment Banking initiatives across core sectors like Transportation, Logistics, Energy & Utilities space. Nischal comes with over 20+ years of rich experience focused on Institutional Equities, having handled both the Research and Sales function for the Institutional Broking business, Investment Banking , Portfolio Management Services ,etc. He started his career in AZB & Partners (erstwhile CZB & Partners) directly after graduation, in 2003.
With these businesses now merged into Unity Small Finance Bank, our most recent venture, they are expected to scale up substantially. We are a PAN India Group with a strong leadership team of seasoned professionals with a successful track record, operating out of 140+ cities and with an international presence in Singapore. Project Finance is a tenor-based loan facility to finance projects like road constructions, bridges, real estate’ etc. for corporate bodies, NGO, Governmental parastatals, with maximum duration of 12months. Magicbricks is a full stack service provider for all real estate needs, with 15+ services including home loans, pay rent, packers and movers, legal assistance, property valuation, and expert advice. As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has an active base of over 15 lakh property listings.
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