Hem started his career with Indian Audit and Accounts Department (CAG); Worked for 5 years in Department of Regulation & Supervision in National Housing Bank (wholly owned subsidiary of Reserve Bank of India, responsible for regulation and development for Housing Finance sector in India). As a regulator, he conducted regulatory audits of a few of biggest financial services entities in India. Then, he moved to ICICI Bank where headed Compliance function for their Housing Finance division.
Thereafter, Hem had an opportunity to work with TATA Capital where he was part of the senior team which set-up & launched Housing Finance business for India’s most reputed brand (TATA). He significantly contributed in setting-up Compliance, Credit, Audit, Policy and Operations functions in TATA Capital Housing Finance and initiated their Rural/ Affordable Housing Finance strategy. After TATA, he took care of Compliance & Litigation function for two financial services entities (GE Money NBFC and HFC) of the top global brand (GE) in India. With the sale of mortgage portfolio and HFC by GE Money, he also moved to Magma Fincorp as Head of Compliance, Audit & Customer Service for their Mortgage Business. As part of Senior Management Team which set-up Mortgage Finance business for Magma, he had key role in development of Credit/ Risk Policies, Processes and Operational framework.
Then, Hem briefly worked with India Infoline as Head- Compliance for their NBFC and HFC entities. In his last assignment, Hem headed Compliance & Secretarial functions for Religare Finvest Ltd. (with loan book of more than Rs.180 billion and around 1500 employees) & its affordable Housing Finance subsidiary. Here, he was also involved in developing Risk Management framework, Products, Policies and Operational Processes.
(Know what Cash Suvidha say about us)
"I started a small scale medicine business three years back. I was trying for upgrade my investment size, but I was unable to do so, due to due lack of finance. Cash Suvidha, provided me loans and invoice financing. I recommend it for their Fast approval and quick dispersal process."
"Obviously Usha Financial is not the leading group that's dealing with SME and MSME loans; many companies are there. In term of providing easy finance especially small loan, they are far ahead of the race. We're appreciating it because it helped us in the establishment of our dream."
"From last six years I was working in a juice processing firm. It was helping me in managing the family expenses, but I had an intention to establish my own business. I tried my best to pass my project for a loan from many companies but, Cash Suvidha Helped with their expertise of providing secure and unsecure loan to me many times."
"Being a beneficiary of a startup loan in recent days, I personally love to invite my friends to get connected with this fintech platform; it's far-fetched. It's not bothering about a rejection; your loan appeal will be rectified here and allowed for fast movement"