Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

04 Jun 2026 CW Team

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion.

The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.08 per cent and that the capital adequacy ratio was 42 per cent at the end of March 2026.

The firm reported a pan-India presence with 626 branches in 552 districts across 22 states and Union Territories, serving about 0.34 mn live accounts, and it intends to add 40-45 new branches this year. Management described its geographical diversification as a risk mitigation strategy that prevents any single state from contributing disproportionately to the book.

Leadership emphasised that the affordable housing segment benefits from favourable demographics, rising formalisation and continued policy support such as the Pradhan Mantri Awas Yojana, and that technology and productivity improvements at branches remain key enablers. The company said it expects to maintain a net profit run rate of 20-22 per cent while pursuing sustainable growth.

The approach of combining branch expansion with productivity improvement and technological adoption was characterised as central to sustaining the projected loan growth, and management signalled continued focus on maintaining less than 15 per cent exposure in any state across AUM, disbursement and distribution. The firm framed its medium-term targets as achievable given current run rates and structural drivers in the affordable housing market.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..