CFO Nutan Gaba Patwari to Step Down at Home First Finance

Jyoti Rathi - Kolkata Bureau Jun 25, 2026 1,550 Views

Home First Finance Company India Limited has announced that CFO Nutan Gaba Patwari will step down from her role. Her departure follows a successful tenure marked by strong financial management and the company’s recent growth in the tech-driven mortgage lending sector. A transition plan is currently in effect.

MUMBAI — Home First Finance Company India Limited (HFFC) has announced that its Chief Financial Officer (CFO), Nutan Gaba Patwari, will be stepping down from her position. The transition marks the conclusion of a significant tenure for Patwari, who has played a central role in the company’s financial strategy and its evolution into a leading tech-driven mortgage lender in India.

The announcement comes amidst a period of steady growth for the company, which recently concluded its fiscal year 2026. Patwari, a key member of the executive leadership team, has been instrumental in overseeing the company’s capital allocation, financial reporting, and the successful navigation of complex regulatory environments during her time with the firm.

A Legacy of Financial Leadership

During her tenure, Nutan Gaba Patwari contributed to the strengthening of Home First Finance Company’s balance sheet, supporting the firm's expansion into new geographical markets and its robust digital lending platform. Her leadership was particularly notable during the company's efforts to maintain liquidity and stable interest margins in a volatile macroeconomic environment.

The company has not yet named a permanent successor, though it is expected that an interim leadership transition plan will be finalized to ensure seamless continuity in financial operations. The board of directors is slated to oversee the search for a new CFO who can sustain the company’s growth momentum as it pursues its target of expanding its loan book and maintaining asset quality.

Strategic Outlook and Continuity

Despite the leadership change, Home First Finance Company maintains a positive outlook for the upcoming fiscal year. In recent investor briefings, the company emphasized its commitment to a "digital-first" model, which has significantly reduced the time taken for loan disbursements and improved overall operational efficiency.

Market analysts tracking HFFC note that while the departure of a high-profile CFO is a significant event, the firm’s well-established governance frameworks and strong middle-management team are expected to mitigate potential disruption. The leadership transition coincides with the company's broader strategic goal of capturing a larger share of the affordable housing market in India’s tier-2 and tier-3 cities.

Official Sources

Quote Section

"According to officials, the board of directors has acknowledged Nutan Gaba Patwari’s significant contributions to the firm’s financial stability and growth. The company stated that a formal transition process is underway to appoint a new CFO who aligns with the long-term vision and strategic objectives of the organization."

Why It Matters

For investors, the stability of a financial services company is heavily dependent on the leadership of its CFO, especially in a sector like affordable housing finance. Patwari’s departure will be closely scrutinized for any signals of a shift in the company’s risk appetite or capital management strategy. However, the firm’s recent strong earnings performance and clear roadmap for FY27 suggest that the transition is part of a managed succession process.

Key Facts at a Glance

Leadership Change: Nutan Gaba Patwari to step down as CFO of Home First Finance Company.
Tenure Contribution: Instrumental in maintaining financial stability and driving digital lending growth.
Corporate Governance: The board is managing a transition plan to ensure continuity in financial operations.
Performance Context: Home First Finance recently reported solid Q4 and full-year FY26 results with a recommended dividend of ₹5.20 per share.

FAQ

Why is Nutan Gaba Patwari stepping down?

The company has indicated that the departure is part of a planned transition as Patwari moves on to pursue new professional opportunities.

How will the transition affect investors?

The transition is intended to be seamless, with existing governance structures remaining in place to ensure ongoing financial transparency and operational performance.

What is the status of the CFO search?

The board of directors is overseeing the search process, with details regarding the successor to be announced in accordance with regulatory requirements.

Source: Home First Finance Company Investor Relations, BSE Limited