India Shelter Finance Corp. Ltd.
608.90
INR
+1.30
(+0.21%)
ISIN
INE922K01024
Return %
Stock
S&P 500
1Y
-32.07
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
•
in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Rupinder Singh
- Full Time Employees
- 4,800
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Plot No. 15, Institutional Area Gurugram HA India 122002
- IPO Date
- Dec 20, 2023
- Website
- indiashelter.in
- Similar Companies
- Business
- India Shelter Finance Corporation Limited operates as a housing finance company in India, specializing in providing affordable home loans targeted primarily at first-time homebuyers and low-income groups, especially self-employed individuals with informal income streams. The company’s core products include home loans for purchase and self-construction of residential properties, home expansion and upgrades, home building loans on previously owned land, and loans against property (LAP). It serves mainly the affordable housing segment and small ticket size loans, with operations spanning 16 states across India. India Shelter focuses on reaching underserved markets through accessible financial solutions and hassle-free loan management processes. Founded in 2012 and headquartered in Gurugram, India Shelter Finance Corporation Limited has developed a strong credit profile, including a CARE AA/Stable rating, indicating the company's robust financial health. The company has strategically positioned itself as a specialized housing finance institution, licensed by the National Housing Bank (NHB) to operate without accepting public deposits. Recent major developments include the approval to raise funds via issuance of secured, redeemable, non-convertible debentures on a private placement basis totaling INR 200 crore, reflecting its capital expansion plans. Additionally, there have been notable shifts in its investor base, with venture capital player Nexus Venture Partners divesting significant stakes over 2024-2025 while financial institutions like Goldman Sachs, SBI Life Insurance, and ICICI Prudential Life Insurance increased their holdings, indicating strong institutional interest and confidence in the company. The company remains under the aegis of WestBridge Capital Group as a significant investor, leveraging this partnership to further expand its affordable housing finance outreach. India Shelter serves a critical need in the Indian housing finance sector by focusing on the affordable housing segment, facilitating home ownership among financially underserved demographics through tailored products that cater to informal income earners. The company’s geographical footprint, product variety, and funding initiatives underscore its commitment to growth and market penetration in the housing finance space across India.