India Home Loan Limited (IHLL) is a listed entity licensed as Housing Finance Company from National Housing Bank. 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 1990 under the Companies Act, 1956 in the state of 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 two business segments currently: Housing Loans with an average ticket size of Rs. 7.5 lakh and Loan Against Property (LAP) with a ticket size of Rs. 10-50 lakh. It specializes 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.
1990 – Incorporation and Registered with National Housing Bank
1995 – Started operations in Maharashtra and Listed with BSE
2008 – Taken over by current management and renamed as India Home Loan Limited
2010 – Started operations in Gujarat.
2014 – Equity infusion by Promoters
2015 – Registered Financial Institute under SARFAESI Act. Loan book at INR 20 Crs.
2016 – Received MAS and NHB funding. Loan book at INR 30 Crs by year end
2017 – Raised INR ~12 crore of primary equity capital from marquee investor.
2019 – Loan book crossed INR 200 crore
2020 – First Listed NCD issuance done by the company subscribed by PSU bank
| Corporate Identification Number | L65910MH1990PLC059499 |
| Registered Office | 504/504A, 5th Floor, Nirmal Ecstasy, Jatashankar Dosa Road, Mulund West, Mumbai 400080, Maharashtra |
| Script Code (BSE) | INDIAHOME |
| Script ISIN | INE274E01015 |
| Authorized Capital | 25.00 Crores |
| Paid Up capital | 14.28 Crores |
The management is led by Mr. Pujara who took over India Home Loan Limited (Formerly Manoj Housing Finance Company Private Limited) in August 2008. He has over 40 years of experience in the financial services industry including 12 years of experience in the Affordable Housing Finance Sector.
He has been a part of the core management team of IHLL since August 2008. Under Mr.Pujara’s leadership, the Company is expanding its business operations, while nurturing its well established corporate lending business. He is leading the business operations of IHLL in Gujarat and provides strategic leadership and focus to the Company.He is one of the Key Managerial Personnel of the Company.
Mitesh has been with IHLL since August 2008. He has over 19 years of experience in thefinancial and Capital Market. He has been a part of the core management team of IHLL since August 2008, and provides strategic leadership and focus to the business.
He is leading the business operations of IHLL in Maharashtra and also the marketing and recovery operations of the Company and is one of the Key Managerial Personnel of the Company.
Mitesh holds a Bachelor’s degree in Commerce Mumbai University.
Mr. Maulesh Popat is an Engineer by profession and has an experience of over 20 years in Financial & Strategy planning, Business development, Due diligence, P&L operations, Audit & Compliance management and Online banking. He has worked with Kotak, Standard Chartered Bank and HDFC Bank, where he was responsible for designing systems & procedures and contributing towards improved financial performance, heightened productivity and enhanced internal controls, formulating operational policies and strategies for the bank as per the economic reforms and changing environment.
Mr. Akash Das is responsible for ensuring compliance with the Statutory and Regulatory requirements. He is an associate member of Institute of Company Secretaries of India and holds a Bachelor’s degree in Commerce. He has an experience of two years in the field of handling FEMA compliances, conducting meetings, drafting, filings with ROC, Issue of securities, maintaining statutory registers and books, liasoning with RTAs, Depositories and Auditors, resolving queries and other secretarial compliances.
The management is led by Mr. Pujara who took over India Home Loan Limited (Formerly Manoj Housing Finance Company Private Limited) in August 2008. He has over 40 years of experience in the financial services industry including 12 years of experience in the Affordable Housing Finance Sector.
He has been a part of the core management team of IHLL since August 2008. Under Mr.Pujara’s leadership, the Company is expanding its business operations, while nurturing its well established corporate lending business. He is leading the business operations of IHLL in Gujarat and provides strategic leadership and focus to the Company.He is one of the Key Managerial Personnel of the Company.
Mitesh has been with IHLL since August 2008. He has over 19 years of experience in thefinancial and Capital Market. He has been a part of the core management team of IHLL since August 2008, and provides strategic leadership and focus to the business.
He is leading the business operations of IHLL in Maharashtra and also the marketing and recovery operations of the Company and is one of the Key Managerial Personnel of the Company.
Mitesh holds a Bachelor’s degree in Commerce Mumbai University.
Mr. Deepak is the Non-Executive Independent Director on the board of IHLL. He is a qualified Chartered Accountant with experience in Company Audit, Financial Consultancy, Income tax planning, Return filing, Assessment, GST Planning and Audit.
Chahan Vora is a qualified Chartered Accountant with experience in Internal, Statutory, Tax and other Audits, financial Advisory services, Valuation, Income tax planning, return filing, assessment, GST registration, compliances and assessments.
Ms. Archana Chirawawala is a qualified Chartered Accountant and has a rich experience in Income tax advisory, planning, return filing, GST advisory, Accounting, Book-keeping, Information System, Statutory, tax and other Audit. She is also a Capital market practitioner since 15 years.
Mr. Shah is the Non-Executive Independent Director on the board of IHLL. He has more than 30 years of experience in Portfolio Management, Budget Management, and preparation of Cash Flow Management, P&L and Balance Sheets.
He is an independent finance consultant for private limited and public limited companies and has worked with various Companies in India and Overseas including Info Systems INC., Michigan (USA) and Mumbai, Howard Johnson, Dubai, Khimji Ramdas, Muscat – Oman.
He is a qualified Chartered Accountant offering expertise in management, auditing, strategic planning, mergers and acquisitions with 2 years of ERP coordination experience.
Mr. Mahesh Shah
ChairmanMr. Chahan Vora
Ms. Archana Chirawawala
Mr. Chahan Vora
ChairmanMs. Archana Chirawawala
Mr. Mahesh Shah
Mr. Mahesh N. Pujara
Mr. Mitesh M. Pujara
Mr. Chahan Vora
