Housing Finance Company

  • 30/07/2021 1:10 PM
  • India
  • 79 views
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Overview


Description

Housing Finance Company: Company Overview

  • The company was established in 2011 and is headquartered in Mumbai
  • It has been registered with National Housing Bank as a housing finance company since 2015
  • The main focus of the company is to provide long term home loans to economic weaker sections (EWS) and lower income group (LIG) under Credit Link Subsidy Scheme (CLSS)
  • Strong presence  across various  regions of Maharashtra and is expanding its presence in Gujarat and Rajasthan
  • The Company offers the following types of loan products: Home Loans, Home Improvement Loan, Commercial Property Loan, Loan for Construction and Loan Against Property
  • Credit Rating: Long Term – Assigned BBB Rating with stable outlook by CARE as of Nov 2020

Key Highlights (As of 31st Mar 2021)

AUM:  INR 371 Cr

Exposure to builder loans:      16%

Portfolio CAGR (FY 17-21):  48%

Average Yield : 17.70%

Key Statics

 

Particulars (INR Cr)

 

FY20

 

FY21

 

Key Performance Ratio

 

FY20

 

FY21

 

ROA

 

4.41%

 

5.02%

 

Total Income

 

64

 

63

 

ROE

 

15.85%

 

15.77%

 

Net Profit

 

16

 

20

 

Total Advances

 

355

 

371

 

CAR

 

51.18%

 

60.76%

 

Total Assets

 

378

 

409

 

Gross NPA

 

2.87%

 

5.42%

 

Net Worth

 

115

 

135

 

Net NPA

 

1.94%

 

1.05%

 

Location

India

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