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This profile was last updated on 1/21/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. V. Srinivasa Rangan Sr.

Wrong V. Srinivasa Rangan Sr.?

Executive Director

Phone: +22 *** *****  HQ Phone
Email: v***@***.com
HDFC LTD
Ramon House H.T. Parekh Marg

Churchgate Mumbai, 400 020
India

Company Description: Housing Development Finance Corporation Limited (HDFC) provides housing finance. HDFC's distribution network spans 267 outlets, which include 56 offices of the...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • Bachelor's degree , Commerce
40 Total References
Web References
Hindustan Oil Exploration Company Limited.
www.hoec.com, 21 Jan 2014 [cached]
Mr. V. Srinivasa Rangan
...
Mr. V. Srinivasa Rangan, 53 years, holds a Bachelor's degree in Commerce and is an associate member of the Institute of Chartered Accountants of India (ICAI) and Institute of Cost and Works Accountants of India. Mr. Rangan is an Executive Director of Housing Development Finance Corporation Limited (HDFC) besides being on the Board of other companies.
Mr. Rangan was conferred the "Best CFO in the Financial Sector for 2010" by ICAI for exceptional performance and achievements.
:: Credila's Student Loan Web Site ::
www.credila.com, 23 Nov 2012 [cached]
Mr V S Rangan , Executive Director , HDFC Ltd. remarked, "Credila has been an important subsidiary of HDFC Ltd., which is exclusively focused on Education Loans.
...
Executive Director V Srinivasa Rangan explains these moves to Somasroy Chakraborty. Edited excerpts:
...
If the current pace of 20-25% growth is maintained, the balance sheet could cross Rs1.5 trillion in around five years, V. Srinivasa Rangan, executive director, HDFC, told Mint on Saturday. Rangan is also on the board of Credila.
The education loan portfolio, a negligible portion of HDFC's assets now, will in 5-7 years comprise at least 5-10% of the loan portfolio, Rangan added.
...
The investment is less than Rs 10 crore, said Mr V. S. Rangan, Senior General Manager, HDFC.
Mumbai-based Credila Financial specialises in student loans, especially for students going abroad. The NBFC (non-banking financial company) has a loan portfolio of around Rs 20 crore, built over the last two years.
Mr Rangan told Business Line that the student loan segment is growing at an annualised rate of about 25-30 per cent, which makes this investment an attractive one for HDFC. The company had earlier given some small student loans, but did not focus on this segment. As of now HDFC has no plans to lend directly. Instead it will focus on growing the business of Credila Financial and even infuse fresh capital if required, Mr Rangan said.
...
Mr Rangan said HDFC would have some involvement in the company and in the distribution of education loans.
...
Commenting on the deal, HDFC's senior general manager (treasury) V S Rangan said that though it was a very small investment at less than Rs 10 crore, it will mark HDFC's entry into fast-growing education loan market, which is expanding at around 30% per annum.
"Education loan provides a large business opportunity in the country with more and more people going for higher studies," Rangan said. As it has become a very specialized market, HDFC decided to enter this segment through buying stake in a company, which has proper domain knowledge.
Credila Financial Services has disbursed loan of around Rs 16 crore in 2009-09. "Currently, the market is mostly dominated by banks, but the requirement for education loans is growing day-by-day. The company would disburse loan for studies in India as also overseas," Rangan said.
...
Rangan told Business Line that the student loan segment is growing at an annualised rate of about 25-30%, which makes this investment an attractive one for HDFC. The company had earlier given some small student loans, but did not focus on this segment. As of now HDFC has no plans to lend directly. Instead it will focus on growing the business of Credila Financial and even infuse fresh capital if required, Rangan said.
...
Commenting on the deal, V S Rangan, HDFC's Senior General Manager (Treasury) told PTI that it was "a very small investment" at less than Rs 10 crore for the company, but marked its entry into a fast-growing market.
"Education loans provide a large business opportunity in the country with more and more people going for higher studies," Rangan said.
"The market for student loans is continuously growing... currently, it is estimated at about Rs 30,000 crore and is growing every year at a rate of 25-30 % ," Rangan said.
Currently, the market is mostly dominated by the banks, but the requirement for student loans is growing day-by-day, he added.
Rangan said the company would disburse loan for studies in India as also overseas.
...
Commenting on the deal, HDFC's Senior General Manager (Treasury) V S Rangan told PTI that it was "a very small investment" at less than Rs 10 crore for the company, but marked its entry into a fast-growing market.
"Education loans provide a large business opportunity in the country with more and more people going for higher studies," Rangan said.
"The market for student loans is continuously growing... currently, it is estimated at about Rs 30,000 crore and is growing every year at a rate of 25-30 per cent," Rangan said. Currently, the market is mostly dominated by the banks, but the requirement for student loans is growing day-by-day, he added.
Rangan said the company would disburse loan for studies in India as also overseas.
...
The investment is less than Rs10 crore, said V S Rangan, senior general manager, HDFC, in Mumbai on Friday.
Mumbai-based Credila Financial specialises in student loans, especially for students going abroad. The NBFC (non-banking financial company) has a loan portfolio of around Rs20 crore, built over the last two years.
Rangan said the student loan segment is growing at an annualised rate of about 25-30 per cent, which makes this investment an attractive one for HDFC. The company had earlier given some small student loans, but did not focus on this segment.
As of now HDFC has no plans to lend directly. Instead it will focus on growing the business of Credila Financial and even infuse fresh capital if required. ''We have to grow this business. So we will infuse capital as required. As of now not much capital is required,'' Rangan said.
...
Rangan said HDFC would have some involvement in the company and in the distribution of education loans. ''We will use our existing distribution network for the loans,'' he added.
...
V S Rangan, Senior General Manager, HDFC said that the investment was small, less than Rs. 10 crore and it would help the company to enter the fast growing market..
Rangan added, "Education loans provide a large business opportunity in the country with more and more people going for higher studies."
...
Rangan told Business Line that the student loan segment is growing at an annualised rate of about 25-30%, which makes this investment an attractive one for HDFC. The company had earlier given some small student loans, but did not focus on this segment. As of now HDFC has no plans to lend directly. Instead it will focus on growing the business of Credila Financial and even infuse fresh capital if required, Rangan said.
...
Rangan told Business Line that the student loan segment is growing at an annualised rate of about 25-30%, which makes this investment an attractive one for HDFC. The company had earlier given some small student loans, but did not focus on this segment. As of now HDFC has no plans to lend directly. Instead it will focus on growing the business of Credila Financial and even infuse fresh capital if required, Rangan said.
...
Mr Rangan said HDFC would have some involvement in the company and in the distribution of education loans. We will use our existing distribution network for the loans, he added.
...
Mr Rangan said HDFC would have some involvement in the company and in the distribution of education loans.
...
Commenting on the deal, HDFC's Senior General Manager (Treasury) V S Rangan told PTI that it was "a very small investment" at less than Rs 10 crore for the company, but marked its entry into a fast-growing market.
"Education loans provide a large business opportunity in the country with more and more people going for higher studies," Rangan said.
"The market for student loans is continuously growing... currently, it is estimated at about Rs 30,000 crore and is growing every year at a rate of 25-30 per cent," Rangan said.
Currently, the market is mostly dominated by the banks, but the requirement for student loans is growing day-by-day, he added.
Rangan said the company would disburse loan for studies in India as also overseas.
...
V S Rangan, Senior General Manager, HDFC said that the investment was small, less than Rs. 10 crore and it would help the company to enter the fast growing market..
Rangan added, "Education loans provide a large business opportunity in the country with more and more people going for higher studies."
...
Commenting on the deal, HDFC's senior general manager (treasury), Mr V. S. Rangan, said that it was "a very small investment? at less than Rs 10 crore for the company, but marked its entry into a fast-growing market. "Education loans provide a large business opportunity in the country with more and more people going for higher studies,? Mr Rangan said.
"The market for student loans is continuously growing... currently, it is estimated at about Rs 30,000 crore and is growing every year at a rate of 25-30 per cent,? Mr Rangan said.
...
Senior General Manager (Treasury) V S Rangan told PTI that it was "a very small investment" at less than Rs 10 crore.
Board of Directors HDFC RED - The Real Estate Destination
www.hdfcred.com, 3 Nov 2013 [cached]
Mr. V. Srinivasa Rangan Executive Director Mr. V. Srinivasa Rangan, the Executive Director of HDFC, is an associate member of the Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India. He has been employed with HDFC since 1986 and was its Senior General Manager - Corporate Planning & Finance since 2000. He was appointed as the executive director of HDFC for a period of 5 years with effect from January 1, 2010. Mr. Rangan was appointed as a Director of the Company with effect from July 15, 2010. http://www.hdfcred.com
Management details - Cholamandalam Finance
www.cholamandalam.com, 6 July 2013 [cached]
Mr. V Srinivasa Rangan - Non-executive Director Mr. Rangan is a graduate in Commerce and Grad. Cost and Works Accountants of India and a member of the Institute of Chartered Accountants of India. He is an Executive Director at Housing Development Finance Corporation Limited (HDFC Ltd.) and has been associated with the company since 1986. He has been a member of various committees constituted by the regulators in the areas of development of Mortgage Backed Securitisation and Secondary Mortgage Markets. Mr. Rangan was conferred the "Best CFO in the Financial Sector for 2010" by "The Institute of Chartered Accountants of India" (ICAI) for exceptional performance and achievements as CFO in the Financial Sector for the year 2010.
About Cholamandalam Investment and Finance Company Limited
www.cholamandalam.com, 6 July 2013 [cached]
Mr. V Srinivasa Rangan - Non-executive Director
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