Truhome Finance Targets 30% Growth by FY26

17 Jan 2025 CW Team

Truhome Finance, formerly known as Shriram Housing, is set to accelerate its business growth by 30% in FY26, backed by a significant capital infusion from its new owner, Warburg Pincus.

"We are optimistic about our growth trajectory for FY26, driven by strategic initiatives, customer-centric solutions, and an expanding market presence," Managing Director Ravi Subramanian told ET.

Warburg Pincus, which acquired the mortgage lender from Shriram Capital and Valiant Capital Management for $558 million, injected $144 million into the company last month—20% more than initially committed. The U.S.-based private equity firm remains bullish on India's housing finance market, pledging additional funds as required.

Truhome Finance reported assets under management (AUM) of $1.83 billion at the end of September, reflecting a 10.7% growth since March. The company achieved a 52% compound annual growth rate (CAGR) in AUM over the last three years, growing from $472 million in March 2021 to $1.65 billion in March 2024. Its gross non-performing assets (NPA) ratio stood at a low 1.03% in March.

“Our ultimate aim is to establish Truhome Finance as the No. 1 affordable housing finance company within the next 3-4 years, driven by our commitment to innovation, customer-centricity, and financial inclusion,” Subramanian added.

With leverage maintained at 4-4.25 times and strategic growth plans, Truhome Finance aims to sustain a 30% growth rate over the next 5-7 years. The rebranded entity is poised to lead India's affordable housing finance sector, capitalizing on a robust market outlook and financial support from Warburg Pincus.

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