JM Financial Home Loans targets Rs 50 billion AUM by FY26

12 Mar 2024 CW Team

Manish Sheth, the Managing Director and CEO of JM Financial Home Loans, expressed the company's aspiration to increase its assets under management (AUM) to Rs 50 billion by the financial year 2025-2026. He mentioned that the company, which currently has a capital base of Rs 4.5 billion and a leverage of three times, is also keen on expanding its presence in Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu.

During the interview, Sheth provided insights into the growth strategy and financial details of the company. When asked about the growth plans, he responded that the retail mortgage business's AUM was around Rs 25 billion at the end of December 2023, showing a 65% year-on-year growth from the same quarter in 2022. The goal is to achieve an AUM of Rs 50 billion by FY26.

Sheth explained the borrowing strategy, mentioning that the borrowing profile involves bank term loans, long-tenor refinancing from the National Housing Bank, and debt instruments such as non-convertible debentures (NCDs). He emphasized the preference for long-tenor borrowing due to the long-term nature of home loans.

Regarding the expansion plan, Sheth outlined the intention to deepen the company's presence in existing markets before considering new regions for growth once disbursal targets are met.

When questioned about the evaluation of creditworthiness of loan applicants, Sheth highlighted the company's refined policies and processes over the years. Micro market-specific models have been developed to assess creditworthiness in small towns, considering collateral value and understanding the cash-flow cycle, especially for small business owners. On the credit underwriting front, a multi-layered vertical credit approval system is in place, incorporating effective delegation and the maker-checker concept.

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..