IIFL Home Finance CEO Monu Ratra Submitted Resignation, Effective Oct 6

On Thursday, August 14, 2025, IIFL Finance Limited, a leading player in the affordable housing finance sector, announced the resignation of Monu Ratra, Executive Director and CEO of its material subsidiary, IIFL Home Finance Limited. As per the company’s official disclosure, Ratra submitted his resignation via a letter dated August 14, 2025. His departure will take effect from October 6, 2025.

IIFL Finance Q1FY25 Earnings Highlights

For the quarter ended June 30, 2025, IIFL Finance reported a consolidated profit after tax (pre non-controlling interest) of ₹274 crore, marking a 9% quarter-on-quarter (QoQ) growth. The company’s assets under management (AUM) rose by 7% QoQ to ₹83,889 crore, supported by a strong rebound in its gold loan segment.

Segment-Wise Performance

• Home Loans: AUM reached ₹32,017 crore, reflecting a 14% year-on-year (YoY) and 1% QoQ growth, reinforcing IIFL’s leadership in the affordable housing segment.
• Gold Loans: AUM surged 85% YoY and 30% QoQ to ₹27,274 crore, underlining a sustained recovery following the lifting of the RBI embargo.
• MSME Loans: AUM increased 13% YoY to ₹13,939 crore but saw a 2% QoQ decline due to seasonal trends and a deliberate strategic shift towards low-risk, secured lending.
• Microfinance: AUM stood at ₹8,916 crore, down 26% YoY and 10% QoQ, impacted by ongoing macroeconomic challenges in the unsecured lending space.

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Mr. Nirmal Jain, Managing Director, said: "Q1 has been a quarter of revival and reassurance. Our Gold Loan business has not just recovered post-embargo—it has surged to a new peak in loan AUM, reaffirming customer trust and branch-level resilience. MSME lending continues to present a strong structural opportunity, though we remain cautious and calibrated in our approach.

With strengthened governance, sharper risk controls, and tech-driven execution, we are well-positioned for sustainable and compliant growth. We remain steadfast in our mission to enable credit access for India’s underbanked—responsibly, transparently, and at scale."

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