WOMEN ACHIEVER IN FINANCE
Gitanjali Mirchandani has been in the financial services business for over 5 decades. JM Financial, incorporated in 1973 by Nimesh Kampani is diversified into various businesses - Investment Banking,
Mortgage Lending, Alternative and Distress Credit and Integrated investment Platform for Individual Clients. Gitanjali joined JMF to start the Real Estate Lending Book in 2011. She grew the book along with the team to a peak of USD 1.6 billion. There has been a consistent growth over the last decade in her role and responsibilities and from 2018 till date – she has been the Country Head Origination – Responsible for the P&L of the company. Gitanjali’s work over the last decade includes -
• Managing a team of 15 Relationship Managers, Credit Analysts, Associates and Underwriters
• Lending to the real estate sector for project development, acquisition of property, loan against property and Loan Against Shares
• Operating in all the major Metros – Mumbai, Pune, Bengaluru, Chennai, Hyderabad, NCR and Kolkatta.
• Evaluating real estate assets across the life cycle and making underwriting decisions based on the financial viability and risk paramaters• Responsible for a book of over INR 8.5 bn and a company with a profitability of around INR 400 crs per annum
Gitanjali emphasizes on high return on equity while keeping the Debt Equity in check. Her focus on asset quality has assured that event like IL&FS and COVID have not had major impact on the balance sheet. She was responsible to get the company to a PAT of INR 400 crs
Gitanjali has been involved with NGO called Prerna, where she helps with holding educative and interactive sessions with the commercial sex worker’s children to teach them the basics of English and Math. At the orphanage Anand Kendra, she takes regular classes for few children who have shown specific interest in higher level of Math and need help with work at school.
Tags : Developers Speak