Indian Housing Loan Provider Seeking Investment to Grow its Business

Registered with NHB, the company provides long term housing loans especially to economically weaker section is looking to raise funds through equity to gain from the high growth potential the sector has to offer.

Industry: BFSI   Years in Business: 17 years
 
Country: India   State: Maharashtra
 
Revenue (USD): USD 2.32 Mn   Project Status:
 
Business Type: Financial Services   Transaction: Fundraising
 

Company Overview

Registered with NHB, the company provides long term housing loans especially to economically weaker section or low-income group. Headquartered in Mumbai, the company has expanded their presence to Rajasthan, Madhya Pradesh, Gujarat, Maharashtra, and Tamil Nadu. It has cumulatively served 1500+ customers in EWS segment since incorporation. The Company has a long-term credit rating of BWR BBB-/Stable by Brickwork Ratings. Strong relationships with public and private sector banks, financial institutions, and the National Housing Bank (The NHB)

The Company is a qualified as a Primary Lending Institution under Pradhan Mantri Awas Yojana (PMAY). It has developed a technology platform that is responsible for end-to-end processing of loan applications digitally. Total Disbursement (FY 22) USD 4.39 Mn & Total Portfolio USD 12.48 Mn.

Product or Technology Overview

The Company offers loans for various housing requirements such as:

  1. Purchase of newly constructed house or existing housing unit that is available for sale
  2. Construction Loans for people who need funds to construct homes on their own land. It covers around 70% of the cost of construction
  3. Composite Loans that covers purchase of land & construction of house on same
  4. Loans for renovating house
  5. Loan for extending the existing home (add a room or new floor)

It also offers option to transfer existing home loan from any other bank/financial institution to them. 

 

What the Company is looking for?

Target Country:

Australia, Germany, Austria

Opportunity:

The company is seeking to raise funds through equity to gain from the high growth potential the sector has to offer. The company projects expansion by covering more consumers geographically along with diversifying lending methods.

 

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