Housing finance company, Dewan Housing Finance Corporation (DHFL), has appointed Harshil Mehta as CEO reporting to the CMD Kapil Wadhawan, Harshil who currently is the MD of Aadhar HFC, will be responsible for all businesses and operations of DHFL. He will take charge effective Jan. 16, 2015.

DHEL, the flagship of Wadhawan Global Capital, is the second largest private sector home finance provider with AUM of Rs 450 billion, gross income of Rs 50 billion and a net profit of Rs 5.29 billion. (FY 2013-2014).

Kail Wadhawan, CMD, DHFL, said, ''DHFL's vision as given by its former late chairman Rajesh Kumar Wadhawan is to enable every Indian to own a home of his own. In line with this vision the company has been working towards growing its business. Appointing Harshill as the CEO of DHFL is the culmination of a two month processes of aligning the company's top level structure to its growing book. Harshill will lead the team which will drive our ambitious plans over the coming years.

Shares of the company gained Rs 2.1, or 0.48%, to trade at Rs 440.00. The total volume of shares traded was 203,940 at the BSE (2.05 p.m., Tuesday).