Chennai, Oct 3 (IANS): Housing finance company Reliance Home Finance Ltd on Monday announced the appointment of Ravindra Sudhalkar as its CEO, the company said.

In a statement, Reliance Home Finance said Sudhalkar was earlier with Kotak Mahindra Bank as Senior Executive Vice President and Head-Secured Assets, managing and growing a book size of over Rs 30,000 crore.

Reliance Home Finance is a wholly-owned subsidiary of Reliance Capital Ltd and has assets under management (including securitised portfolio) of Rs 8,259 crore as of June 30, 2016.

"I am happy to announce the appointment of Mr. Ravindra Sudhalkar as the CEO of our fast-growing Housing Finance business with immediate effect. Focus on Housing Finance forms an important part of Reliance Capital's growth strategy and we will continue to aggressively expand this portfolio under the leadership of Mr. Sudhalkar," said Sam Ghosh, Executive Director and Group CEO, Reliance Capital was quoted as saying in the statement.