People Home Finance Plans Rs 120 Billion Loan Book By FY30

14 Oct 2025 CW Team

People Home Finance Ltd (PHFL), an affordable housing finance company backed by Premji Invest, aims to expand its loan portfolio to about Rs 120 billion over the next five years, said Anil Kothuri, Managing Director and Chief Executive Officer.

In August 2025, Weaver Services acquired a 100 per cent stake in Capital Home Loans Ltd, later rebranding it as People Home Finance. Around the same time, the company entered into an agreement to raise USD 170 million (Rs 14 billion) from Premji Invest and Lightspeed Venture to strengthen its housing finance operations.

Also in August, Weaver signed a deal to acquire a 75 per cent stake in Centrum Housing Finance Ltd (CHFL) for about Rs 6 billion. Currently, Centrum has a loan book of Rs 10 billion, while Capital’s stands at Rs 5 billion.

Kothuri said consolidation of the two housing finance entities and compliance with regulatory requirements were currently under way. “The combined entity will present its first balance sheet in FY27,” he stated.

Following the merger, PHFL expects to have a capital base of about Rs 20 billion and maintain leverage of four times. The company aims to grow its loan book to Rs 120 billion within five years, driven by fresh capital infusion and operational synergies.

With the new funding, People Home Finance plans to expand aggressively across Tier-II and Tier-III cities, focusing on underserved borrowers seeking affordable housing loans.

“The company will continue to invest in branches, people, proprietary technology, and risk management systems to make home ownership a reality for underserved Indians,” Kothuri said.

The expansion comes amid rising demand for affordable housing finance in smaller cities, with PHFL positioning itself to tap the segment through a technology-led lending model and partnerships that promote financial inclusion.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..