Mumbai: India Mortgage Guarantee Corporation (IMGC), regulated by the Reserve Bank of India, has announced key leadership appointments as part of its efforts to strengthen governance, portfolio oversight, and risk capabilities amid continued expansion of its mortgage guarantee business.
The company has elevated Pawan Kumar to the position of Chief Risk Officer (CRO) and appointed Abhimanyu Behera as Vice President – Risk, reinforcing its focus on data-driven decision-making, policy excellence, and long-term resilience within India’s evolving housing finance ecosystem.
In his expanded role as Chief Risk Officer, Pawan Kumar will lead IMGC’s overall risk management function, overseeing credit policy, portfolio monitoring, governance, and strategic risk oversight. He will continue driving enhancements across risk frameworks, operational efficiency through automation, and advanced monitoring capabilities to support the company’s long-term growth strategy.
Pawan brings more than 18 years of experience spanning analytics, risk strategy, business intelligence, credit policy, and management consulting. Prior to joining IMGC, he held roles at Citigroup and Essex Lake Consulting Group. He is an Economics graduate from Shri Ram College of Commerce and holds a master’s degree from the Delhi School of Economics.
Joining IMGC as Vice President – Risk, Abhimanyu Behera will oversee policy formulation, portfolio governance, and underwriting standards. He brings over 15 years of experience in banking and risk management and was previously Senior Vice President – Risk Policy at SMFG India Credit. His professional experience also includes leadership positions at HDFC Bank, IDFC FIRST Bank, and ICICI Bank across credit risk, mortgage lending, and policy development. He is a Chartered Accountant with certifications in IFRS and SAP.
Commenting on the appointments, Mahesh Misra, MD & CEO, IMGC, said, “IMGC’s new guarantees written has crossed the 45,000 crore mark. As we continue to build scale, prudent risk management and effective use of data will set us apart. Pawan, an IMGC veteran, is ideally equipped to lead us on this journey as the CRO. We are also delighted to welcome Abhimanyu, who will spearhead our risk policy unit. He comes with strong mortgages risk experience and a deep understanding of the retail lending ecosystem. These appointments reinforce our commitment to maintaining the highest levels of risk discipline and governance standards.”
Speaking on his elevation, Pawan Kumar, CRO, IMGC, said, “As the housing landscape evolves and the mortgage guarantee footprint grows, our focus will remain on prudent underwriting, enhancing policy frameworks and leveraging technology to improve decision-making. I look forward to working closely with our teams and lender partners to further strengthen IMGC’s operating model and support the company’s next phase of growth.”
Commenting on his appointment, Abhimanyu Behera said, “I am delighted to join IMGC and be part of an organization that plays a vital role in strengthening Indian housing finance ecosystem. Access to safe and affordable housing is a key pillar of inclusive economic growth and IMGC’s effort in expanding homeownership opportunities align with it. Looking forward to contributing meaningful impact together with the talented team at IMGC.”
Since commencing operations in 2014, IMGC has facilitated over ₹45,000 crore in home loan guarantees for more than 150,000 customers across 400 locations nationwide, working with over 23 lending institutions, including banks, housing finance companies, and NBFCs.
