Sushil Kumar Agarwal

Building a countrywide housing finance brand

Sushil Kumar Agarwal is the Managing Director and Chief Executive Officer of Aavas Financiers Ltd., a leading affordable housing finance company primarily serving the low-income and middle-income groups in rural and semi-urban India, with market capitalization of over INR 17,000 crores. Agarwal has been associated with Aavas since its inception in 2011. He has played a crucial role in growing the company from its incorporation as a small private company into a large public company operating in 11 states with over 263 branches.

Mr. Agarwal’s career story exemplifies hard work and dedication in both academic and professional pursuits. He secured an all-India tenth rank in his Chartered Accountancy batch and is also a qualified Company Secretary. With two decades of rich experience in the financial industry, he has been associated with several recognised companies, including AuSFB, ICICI Bank Limited and Kotak Mahindra Prime Limited.

Under his leadership, Aavas Financiers was awarded the ASSOCHAM Excellence Award for being the “Best Housing Finance Company” in the affordable housing segment.

During his tenure, the company went public with a successful listing on BSE and NSE in October 2018. From FY14 to FY20, the company’s AUM grew at a CAGR of 63.6% while its PAT  registered a CAGR of 81.9%. All this while, the company has maintained best-in-class asset quality in its operating segment.