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 Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..