Rakesh wadhawan biography templates
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DHFL: Building on current enthusiasm around affordable housing
Kapil Wadhawan became chairman and managing director of DHFL in
Image: Joshua Navalkar
When year-old Rajesh Wadhawan started Dewan Housing Finance Limited (DHFL) in April , it was with the intention of providing housing finance options to low-income clients. The first few loans that the company—based in Bassein (now Vasai), a far-flung suburb of Mumbai—gave out were funded by the Wadhawan family, which had a business of township development.
“He realised at that time that the deficit lay not only in providing affordable housing for the social segment with low incomes, but also in giving them access to affordable financing options,” says Kapil Wadhawan, 43, Rajesh’s son, who became chairman and managing director of DHFL in
By , when the company had 30 offices across the country, 80 percent of the loans that it gave out were for homes that cost between
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Ex-PMC Bank MD Joy Thomas owns 10 properties with second wife
Thomas, arrested earlier this month, is one of the key accused in the alleged Rs 4,crore scam at the city-based Punjab and Maharashtra Cooperative (PMC) Bank.
Real estate firm HDIL's promoters Rakesh Wadhawanand his son Sarang and the bank's former chairman, Waryam Singh, are the other accused in the scam.
The Mumbai police's Economic Offences Wing (EOW), which is investigating the fraud case, has found that since , Thomas (62) had purchased nine flats and a shop in Kondhwa and other areas of Pune.
These ten properties were purchased jointly by Thomas and his second wife, who was his former assistant at the bank, the officials said.
All these properties were bought by the husband-wife duo since the beginning of , they said.
This was also the time when the Wadhaw
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Rakesh Jhunjhunwala
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Introduction
The man who became known as India's Warren Buffett, Rakesh Jhunjhunwala, was raised in a middle-class household. His birthday fryst vatten July 5, His father, Radheshyam Jhunjhunwala, was an income tax commissioner and an IRS officer.
Rakesh grew up hearing conversations about Money, taxes, and financial markets in his family. Rakesh fryst vatten an Indian merchant and a certified chartered accountant. He was called the "Pied Piper of Indian Bourses" bygd The Economic Times. He is well known for his foresight and has studied the stock marknad and trading from top to bottom. Let's examine the transformation of Rakesh Jhunjhunwala into a billionaire from an ordinary youngster.
Childhood
On July 5, , Rakesh Jhunjhunwala was born in Mumbai, Maharashtra. His father was an income tax officer, so he used to talk with friends about how stock values rose and fall. Early on, ung Rakesh was exposed to those conversations. His curiosity also increased.
He used t