Mr. Sudhin Choksey was former Managing Director & CEO of Gruh Finance Limited. He is considered as one of the foremost authority in affordable housing finance in India.

Education

Choksey completed his schooling from New Era School, Mumbai and later graduated from Sydenham College of Commerce and Economics (affiliated to the University of Mumbai). To qualify for chartered accountancy, he completed his articleship with G.P. Kapadia & Company, Mumbai and in 1978 he passed his A.C.A. examinations. Currently, he is a fellow member of the Institute of Chartered Accountants of India.

Professional Life

Choksey commenced his professional career as a credit officer with Housing Development Finance Corporation in 1978 and then worked for AIG, Bahrain. Later, he migrated back to India and joined Deepak Nitrite Limited as a finance manager for their new project.

Choksey joined GRUH Finance Limited in 1993 as General Manager of the company. He was appointed as an Executive Director on the Board of the company in May 1996. He was appointed as CEO of the company in November 1998 and then as Managing Director in June 2000. In 2019, he led the merger of GRUH Finance with Bandhan Bank and was appointed as Executive Director (Designated) heading Housing Finance Business of the Bandhan Bank.

At present, Choksey is an Independent Director on the board of CSB Bank and an Advisor to West Bridge Capital, a private investment firm, California. Choksey was also independent director on the boards of HDFC Credila Financial Services, Deepak Nitrite Limited, Gujarat Ambuja Exports Limited and Light Microfinance Private Limited prior to joining Bandhan Bank. In the past he was also on the board of Gujarat State Financial Services Limited (a Government of Gujarat Undertaking) and Hunnar Shaala Foundation For Building Technology and Innovations.

In 2014, Choksey was appointed as a member of the National Taskforce on Rural Housing and Habitat set up by Ministry of Rural Development (India) for rural housing finance. Choksey is a recipient of BUSINESS LEADER – FINANCIAL SERVICES Award for 2015 from The Institute of Chartered Accountants of India, New Delhi.