India Home Loan Limited (IHLL) is one of the fastest growing Affordable Housing Finance companies in the country. The Company offers various loan products for purchase, construction, extension and improvement of houses. It caters to individuals and families belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group (MIG) residing in the periphery of semi-urban and urban India. The company was incorporated on the 19th of December 1980 under the Companies Act, 1956 in Maharashtra, under the name of Manoj Housing Finance Company Limited (MHFCL). MHFCL was later acquired in 2008 by Mr. Mahesh Pujara and his associates, and the name was subsequently changed to India Home Loan Limited. IHLL is registered as a Non-deposit taking Housing Finance Company with the National Housing Bank (NHB), and qualifies for Priority Sector Lending as per RBI guidelines. IHLL is listed on the Bombay Stock Exchange. The company primarily operates in three business segments: Housing Loans with an average ticket size of Rs. 7.5 lakh, Loan Against Property (LAP) with a ticket size of Rs. 10-50 lakh, and Developer Loans with a ticket size of Rs. 1.0-5.0 crore. It specialises in providing affordable loans to families from the self-employed category, where proofs of income are not easily available and repayment capacity is appraised based on cash flows. IHLL has an established presence in Maharashtra and Gujarat and has recently forayed into Rajasthan.
2008 - Renamed as India Home Loan Limited.
2010 - Started operations in Gujarat.
2016 - Received MAS and NHB funding; Loan Book crossed…
2017 - Raised INR ~12 crore of primary equity capital from marquee investor.
2018 - Loan book crossed INR 200 crore.
|Corporate Identification Number||L65910MH1990PLC059499|
|Registered Office||504/504A, 5th Floor, Nirmal Ecstasy, Jatashankar Dosa Road ,Mulund West, Mumbai 400080, Maharashtra|
|Script Code (BSE)||INDIAHOME|
|Authorized Capital||25.00 Crores|
|Paid Up capital||14.28 Crores|
To grow the Company to its full potential by becoming a niche player in the Housing Finance segment, and a household name for the masses.
To be a friendly Housing Finance company for the ones in need, and to empower large masses to have a shelter of their own.