Shriram Housing Finance targets Rs 300 bn AUM by FY26
ECONOMY & POLICY

Shriram Housing Finance targets Rs 300 bn AUM by FY26

Shriram Housing Finance, which had assets under management amounting to Rs 100 billion at the end of July, disclosed a Vision 2026 plan aimed at tripling its size. The company intended to tap into a growing customer base seeking home ownership, particularly in a nation where the supply of affordable apartments falls short of the demand in major urban areas.

The mortgage lender was currently in the process of raising $100 million through a share sale and had intentions of increasing its branch network and workforce by twofold within the next two and a half years, as part of its growth strategy.

According to the Ravi Subramanian, Managing Director, "Our aspiration is to elevate the AUM to Rs 300 billion by FY26 and to achieve the top position among affordable housing finance companies by that time." He also added, "The growth observed in the previous few quarters, coupled with the steady asset quality, has provided us with the confidence to outline the next phase of expansion."

At the present time, Shriram Housing Finance held the third position in terms of size, following Aadhar Housing Finance and Aavas Financiers. Over seventy-five percent of its customers came from the low- and middle-income brackets. Additionally, 79% of its loan applicants were self-employed, and loans below Rs 25 lakh constituted 80% of the loan portfolio. The ratio of gross non-performing assets to the total portfolio was around 1%.

The growth strategy outlined in the Vision 2026 plan encompassed the introduction of new products, expansion of branch networks, and investments in technology and human resources. In the past three months, the company had already increased its workforce by approximately 45%, expanding from 1753 to 2547 employees. The target was to further raise this number to 5000 by March 2026.

Also read: 
Bahrain Steel partners with Essar Group for Green Steel Initiative
CM Gehlot approves Rs 246.81 bn investment boost for Rajasthan's growth


Shriram Housing Finance, which had assets under management amounting to Rs 100 billion at the end of July, disclosed a Vision 2026 plan aimed at tripling its size. The company intended to tap into a growing customer base seeking home ownership, particularly in a nation where the supply of affordable apartments falls short of the demand in major urban areas. The mortgage lender was currently in the process of raising $100 million through a share sale and had intentions of increasing its branch network and workforce by twofold within the next two and a half years, as part of its growth strategy. According to the Ravi Subramanian, Managing Director, Our aspiration is to elevate the AUM to Rs 300 billion by FY26 and to achieve the top position among affordable housing finance companies by that time. He also added, The growth observed in the previous few quarters, coupled with the steady asset quality, has provided us with the confidence to outline the next phase of expansion. At the present time, Shriram Housing Finance held the third position in terms of size, following Aadhar Housing Finance and Aavas Financiers. Over seventy-five percent of its customers came from the low- and middle-income brackets. Additionally, 79% of its loan applicants were self-employed, and loans below Rs 25 lakh constituted 80% of the loan portfolio. The ratio of gross non-performing assets to the total portfolio was around 1%. The growth strategy outlined in the Vision 2026 plan encompassed the introduction of new products, expansion of branch networks, and investments in technology and human resources. In the past three months, the company had already increased its workforce by approximately 45%, expanding from 1753 to 2547 employees. The target was to further raise this number to 5000 by March 2026. Also read:  Bahrain Steel partners with Essar Group for Green Steel InitiativeCM Gehlot approves Rs 246.81 bn investment boost for Rajasthan's growth

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code