Muthoot Homefin (India) Limited (MHIL) has announced the appointment of Alok Aggarwal as its Chief Executive Officer (CEO).

In his new role as CEO of Muthoot Homefin Ltd, Aggarwal is entrusted with driving the company's growth and cater to the huge unmet demand for retail housing loans. His other role will be the expansion of the housing finance business, especially in tier 2 and 3 cities.

With 20 years of experience under his belt, Alok has served as the MD & CEO at National Trust Housing Finance Limited. 

Prior to National Trust Housing Finance, Alok also held leadership roles in organisations like Equitas Bank, Fullerton India HFC, Magma Housing Finance, Lodha Group and Tata Capital. 

Meanwhile, George Jacob Muthoot, Chairman, Muthoot Finance, who expressed his pleasure over the new appointment, said Aggareal's appointment would come handy as the company can benefit in terms of growth in the housing finance business. 

Alok said that Muthoot Homefin has decided to open 50 new branches across the country in FY2023.