India Mortgage Guarantee Corporation - IMGC
Aphatab Ali has a diverse work experience in the field of IT. They currently hold the position of Chief Manager- IT at India Mortgage Guarantee Corporation - IMGC since June 2022. Prior to this, they worked at ART Housing Finance (India) Ltd, where they held various positions including Manager IT-Infrastructure & Security from March 2021 to June 2022, Deputy Manager IT- Infrastructure & Security from April 2020 to March 2021, and Assistant Manager IT- Infrastructure & Security from April 2018 to March 2020. Before joining ART Housing Finance, they worked as a System Administrator at ROD Retail Pvt. Ltd from August 2015 to April 2018. Prior to that, they worked as a Customer Support Engineer at Akal Information Systems Ltd. from November 2013 to August 2015. They also had brief stints as an IT Associate at Ikya Human Capital Solutions Limited from June 2013 to November 2013 and at Randstad India from January 2012 to June 2013.
From 2010 to 2013, Aphatab Ali pursued a Master of Computer Applications (M.C.A.) degree in Information Technology at the Indira Gandhi National Open University.
India Mortgage Guarantee Corporation - IMGC
We are India’s first mortgage guarantee company (incorporated in 2012) and are regulated by Reserve Bank of India (RBI) guidelines for mortgage guarantee companies. Born out of a vision for facilitating early home ownership and making housing affordable, our primary objective is risk mitigation for lending institutions by providing a backstop against credit defaults. Having partnered with over 20 lending institutions (including banks, housing finance companies, and non-banking finance companies), we have helped over 100,000 customers realise their dream of owning a home. We have issued guarantees of over ₹20,000 Crore. About Mortgage Guarantee The mortgage guarantee program offers a first-loss credit default guarantee to protect against losses arising due to non-repayment by borrowers toward home loans. The program also facilitates lender institutions to expand their product offerings by using risk mitigation as an effective tool. A thriving mortgage guarantee program has the following benefits: Customer: Freedom in terms of choice of lenders and interest rates Higher eligibility Flexible repayment terms Enabling early home ownership Lender: Tackle unexpected losses Higher approval rates with lower associated risk Credit & geographic expansion Cash-flow support at NPA Ecosystem: Expand to new customer base Ensure financial stability Ensure availability of finance to underserved & unserved segments of society