Shriram Housing Finance AUM grows 45% to cross Rs 5,000 crore
Real Estate

Shriram Housing Finance AUM grows 45% to cross Rs 5,000 crore

Shriram Housing Finance told the media that its Assets Under Management (AUM) or live loan grew by 45% this fiscal year to cross the Rs 5,000 crore mark, making it the fifth-largest low-cost housing loan segment.

The company was impacted by the third wave of the Covid-19 pandemic, which delayed collection and disbursals. Its target of Rs 5,000 crore AUM was set for December 2021.

The company commenced operations in December 2011 and operates around 100 standalone branches and more than 200 branches in Shriram City Union and Shriram Transport Finance.

The company will cross its footprint of 105 own branches and 218 kiosks by the end of this month.

If the company were not affected by the third wave, the AUM would have already crossed the Rs 5,000 crore target in December.

Managing Director and Chief Executive of Shriram Housing Finance, Ravi Subramanian, told the media that the pandemic affected the annual target of Rs 5,500 crore of live loans, and the company will be closing the year with Rs 5,200-5,300 crore of AUM.

Aadhar Housing leads the housing finance segment with a loan book of around Rs 14,000 crore, followed by Awas and Repco with around Rs 10,000 crore each, with Homefirst slightly more.

He said that the company would overtake the present number and become the fourth-largest with an AUM of Rs 5,200-5,300 crore.

He added that the company would further become the fastest-growing firm in the segment with the highest quality. However, the gross non-performing asset (GNPA) declined from 5.6% to 1.49% and will further drop to 1.1-1.3% by the end of this quarter.

Only 7% of the one lakh customers are first-time borrowers. More emphasis on collection led to collection efficiency to 99.7% in December, and 97% of the customers have paid at least one equated monthly installment (EMI) in the third quarter (Q3).

Subramanian said that more demand is coming from the households from the low-end income spectrum, especially where the sources of employment and income remain informal. He added they had provided loans to over one lakh customers, and their average ticket size is Rs 16 lakh.

Image Source

Also read: Shriram Transport Finance to raise Rs 500 cr via QIP

Shriram Housing Finance told the media that its Assets Under Management (AUM) or live loan grew by 45% this fiscal year to cross the Rs 5,000 crore mark, making it the fifth-largest low-cost housing loan segment. The company was impacted by the third wave of the Covid-19 pandemic, which delayed collection and disbursals. Its target of Rs 5,000 crore AUM was set for December 2021. The company commenced operations in December 2011 and operates around 100 standalone branches and more than 200 branches in Shriram City Union and Shriram Transport Finance. The company will cross its footprint of 105 own branches and 218 kiosks by the end of this month. If the company were not affected by the third wave, the AUM would have already crossed the Rs 5,000 crore target in December. Managing Director and Chief Executive of Shriram Housing Finance, Ravi Subramanian, told the media that the pandemic affected the annual target of Rs 5,500 crore of live loans, and the company will be closing the year with Rs 5,200-5,300 crore of AUM. Aadhar Housing leads the housing finance segment with a loan book of around Rs 14,000 crore, followed by Awas and Repco with around Rs 10,000 crore each, with Homefirst slightly more. He said that the company would overtake the present number and become the fourth-largest with an AUM of Rs 5,200-5,300 crore. He added that the company would further become the fastest-growing firm in the segment with the highest quality. However, the gross non-performing asset (GNPA) declined from 5.6% to 1.49% and will further drop to 1.1-1.3% by the end of this quarter. Only 7% of the one lakh customers are first-time borrowers. More emphasis on collection led to collection efficiency to 99.7% in December, and 97% of the customers have paid at least one equated monthly installment (EMI) in the third quarter (Q3). Subramanian said that more demand is coming from the households from the low-end income spectrum, especially where the sources of employment and income remain informal. He added they had provided loans to over one lakh customers, and their average ticket size is Rs 16 lakh. Image Source Also read: Shriram Transport Finance to raise Rs 500 cr via QIP

Next Story
Infrastructure Urban

Eicher Trucks & Buses Reaffirms Net Zero Pledge on Environment Day

On the occasion of World Environment Day, VE Commercial Vehicles (VECV) reaffirmed its commitment to sustainability -aligned with India’s Net Zero commitments. As a leader in commercial vehicle transportation, VECV has taken measurable strides towards reducing its environmental footprint. The recently launched EV-first Eicher Pro X Small Truck reaffirms our commitment to deliver ready-now zero emission solutions to mid and last-mile delivery customers seeking to reduce environmental impact. Eicher electric buses are already in operation since 2022 in various states across India. A ..

Next Story
Resources

Tata Power turns 5,000 kg plastic waste into green livelihood for women

Tata Power’s Anokha Dhaaga Smart Circularity programme has converted over 5,000 kilograms of single-use plastic waste into recycled fabric products like T-shirts, tote bags, and haversacks, generating over Rs 20 lakh in fair-trade earnings for women entrepreneurs. The initiative is active across six centres and aligns with the World Environment Day 2025 theme — End Plastic Pollution. The project began with a collection drive across Tata Power’s Trombay plant, housing colonies, and offices. In collaboration with ReCircle and sanitation workers ('Safai Saathis'), the waste was processed i..

Next Story
Infrastructure Transport

Adani Airports secures US$ 750 million from global lenders for growth

Adani Airports Holdings (AAHL), a subsidiary of Adani Enterprises and India’s largest private airport operator, has raised US$ 750 million via External Commercial Borrowings from a consortium of international banks. The financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. Of the total funds, US$ 400 million will be used to refinance existing debt, while the remainder will support growth capex across six airports—Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram—and expansion of AAHL’s non-aeronautical verticals including retai..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?