Archive · 14 Aug 2025
IIFL Home Finance CEO Monu Ratra Resigns, Effective October
Monu Ratra, the boss of IIFL Home Finance, is leaving his job.
He told the company on August 14, 2025, and his last day will be October 6, 2025.
The company, IIFL Finance, made less profit in the first three months of the year compared to last year.
But, they made more money overall.
Also, IIFL Finance is changing some of its top people, like moving Mayank Sharma to a new role focused on AI.
The company's shares went down a little bit after the news.
Monu Ratra, CEO of IIFL Home Finance, resigned.
Ratra's resignation will be effective October 6, 2025.
IIFL Finance reported a 19% year-on-year decline in net profit for Q1.
Revenue from operations increased by 12.7% in the same period.
IIFL Finance announced senior management changes effective July 30, 2025.
- Who
- Monu Ratra, IIFL Finance CEO.
- What
- Monu Ratra resigned from his position as CEO of IIFL Home Finance.
- When
- The resignation was announced on August 14, 2025, effective October 6, 2025.
- Where
- At IIFL Home Finance.
- Why
- The reason for the resignation was not provided in the article.
- CEO Resignation
- Monu Ratra
- Effective Date
- October 6, 2025
- Company
- IIFL Home Finance
- Net Profit Q1FY25
- ₹233.4 crore
- Revenue Increase
- 12.7%
- Senior Management Changes
- Effective July 30, 2025
- Stock closing
- ₹441.10, down ₹4.75