Business Today

Bringing in New Energy

Kapil Wadhawan has built a large financial services empire by serving people at the bottom of the pyramid.

When Kapil Wadhawan came to India after getting a management degree in finance from Australia, his father Rajesh Kumar Wadhawan, who had founded Dewan Housing Finance Ltd (DHFL) in the early 1980s, gave him the task of inspecting expense vouchers. The housing finance company, with focus on lending to people in lower and middle income groups, reported a marked drop in costs. Wadhawan, now the chairman and managing director, loves to share the cost management insights that he gained during that stint with his colleagues. "These are important things for people to look at," he says, sitting at his office in the

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