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Kapil Wadhawan is the Chairman of Wadhawan Global Capital (WGC).A young business leader with an astute vision, he joined DHFL, the flagship company of the group, as a Director in 1996. He succeeded his father, the late Shri Rajesh Kumar Wadhawan, Founder Chairman of DHFL when he assumed charge of DHFL as its Managing Director in 2000. He was named Chairman in 2009.
Under Kapil’s stewardship, DHFL has grown into a world-class financial services company and market leader. Having transformed the housing sector in India through affordable finance solutions, Kapil spearheaded the group’s expansion drive through two key acquisitions: the housing finance portfolio of ING Vysya in 2003 (now known as DHFL Vysya Housing Finance) and First Blue Home Finance (formerly Deutsche Post Bank Home Finance Ltd.) in 2011 that was later merged with DHFL in 2013.
Today, Kapil has championed the cause of financial inclusion, leading WGC to become an engine of growth for the group’s financial services businesses.
An advocate of innovation, Kapil’s ability to build a sustainable growth model through innovative lending solutions to consumers is acknowledged by leading global multilateral agencies like International Finance Corporation (IFC) and Asian Development Bank (ADB). IFC joined hands with DHFL in 2010 to form a joint venture – Aadhar Housing Finance – to cater to underdeveloped states focusing on low-income groups. On its part, ADB was one of the first international agencies to extend a foreign currency loan of USD 20 million in 2005 for low-income housing.
In 2013, Kapil’s entrepreneurial vision led to the creation of Avanse Financial Services Ltd. to provide loans to students for pursuing higher studies. Subsequently, Kapil forayed into the life insurance business in 2014 through a joint venture with Prudential Financial Inc., USA. It was a major step in the direction of expanding the group’s presence in financial services and building synergetic growth through DHFL’s distribution strength. The relationship with Prudential was further extended with the acquisition of a 50% stake in Pramerica Asset Managers Pvt. Ltd, its asset management company.
Kapil is a member of the Board of Governors of infrastructure industry of the World Economic Forum. He has received many accolades for his contribution to the financial services industry and is widely recognized for his views and pioneering work. Kapil was recognized as one of India’s most valuable CEOs by Business India in December 2013 and ranked among the Top 100 CEOs by Business Today in 2014. Highly regarded as an industry expert, dynamic leader and quick decision maker, Kapil is eagerly sought by policy makers and business leaders alike.
A firm believer in the power of humility, he has been instrumental in creating the WGC group of companies with people-centric and humane values. Under Kapil’s leadership, the group has crafted an enduring CSR vision to empower the underprivileged with the foundation of education. He actively supports various philanthropic causes, through associations with organizations such as Concern India Foundation (CIF), Mumbai Mobile Crèches (MMC), and Red Cross Society of India. He also contributes to various community welfare initiatives as a way of giving back to society. Profits with a Purpose has been his business vision.
Kapil has an MBA in Finance from Edith Cowan University in Perth, Australia. He now lives in Mumbai.
WEF, DAVOS 2018 CNBC Leadership Series Interview | Kapil Wadhawan | Group Chairman WGC | CMD DHFLWatch Video
CNBC Leadership Series | Kapil Wadhawan | Group Chairman WGC | CMD DHFLWatch Video
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