Business · India Bureau
Vivek Kannan appointed CEO of Hinduja Housing Finance
Hinduja Housing Finance has named Vivek Kannan as Chief Executive Officer, elevating him from his role as Chief Operating Officer. He succeeds Sachin Pillai, who transitioned to a non-executive directorship on the company's board.
LSN India ·
Hinduja Housing Finance announced Friday the promotion of Vivek Kannan to the position of Chief Executive Officer, marking a significant leadership transition at the housing finance company. Kannan, who joined the organization as Chief Operating Officer in 2020, brings over two decades of experience in the financial services sector to the helm.
The appointment comes following the departure of Sachin Pillai from the managing director position on October 29. Pillai will retain his association with the company as a non-executive director, maintaining continuity on the board.
Dheeraj G Hinduja, Chairman of Hinduja Housing Finance, expressed confidence in the new leadership arrangement. According to Hinduja, Kannan's appointment will enable the company to strengthen its operational capabilities while delivering sustained value to customers and stakeholders.
Kannan's mandate will focus on bolstering the company's market presence and driving sustainable growth across its operations. Hinduja Housing Finance, which operates as a subsidiary of Hinduja Leyland Finance Ltd., continues to expand its footprint in India's competitive housing finance sector.