Mehta, who is currently the Managing Director of Aadhar HFC, will take charge effective January 17 and will be responsible for all businesses and operations of DHFL, a release issued here said.
Tripathi, who is currently serving as the Chief Operating Officer of DHFL, will become the new CEO of Aadhar HFC.
"The company has been working towards growing its business. Appointing Harshil as the CEO of DHFL is the culmination of a two month processes of aligning the company's top level structure to its growing book. Harshil will lead the team which will drive our ambitious plans over the coming years," DHFL Chairman and Managing Director Kapil Wadhawan said.
Mehta, who has over 25 years of experience across consumer and financial services businesses, has served in prominent entities like Transamerica Commercial Finance, ICICI Bank and Whirlpool, among others.
Commenting on the appointment of Tripathi, Wadhawan said: "I am pleased with this appointment and certain that the momentum of growth in financing affordable housing will continue."
Speaking on his appointment, Mehta said, "My task is to maintain the current growth rate and also the excellent portfolio quality while preparing the organisation for the future."
Commenting on his appointment, Tripathi said, "I am excited to lead Aadhar especially when affordable housing is becoming a national priority. I am confident that we can continue building a viable business while serving this important sector."
DHFL, the flagship of Wadhawan Global Capital, is the second largest private sector home finance provider with AUM of Rs 45,000 crore.
Aadhar HFC, a segment-focused housing finance company is a partnership between Wadhawan Global Capital, IFC and DHFL.