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India Shelter Finance Reviews

Gurugram, Haryana

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India Shelter Finance Corporation Limited is a retail-focused affordable housing finance company headquartered in Gurugram, India. Originally incorporated as Satya Prakash Housing Finance Private Limited in October 1988, the company underwent a significant transformation in March 2010 when it was re-incorporated under its current name following an acquisition by Mr. Anil Mehta and other promoters. The company officially commenced operations in its present form in March 2010 and is registered as a Housing Finance Company under the National Housing Bank Act, 1987. The primary business objective of India Shelter Finance is to provide secured retail home loans, home equity loans, and loans against property (LAP) to low- and middle-income households. The company specifically targets first-time home loan takers and self-employed or salaried individuals in Tier-II and Tier-III cities who often lack formal income documentation. The typical loan ticket size ranges between INR 10 lakh to 11 lakh, with funds utilized for the purchase, construction, extension, improvement, or renovation of residential properties. The company also extends credit under the government's Pradhan Mantri Awas Yojana and utilizes a "Phygital" operational model that blends physical branches with digital systems from sales to collections. Financially, India Shelter Finance has demonstrated robust growth, operating with a 5-year compound annual growth rate (CAGR) of approximately 41% leading up to 2025. As of March 31, 2025, the company's Assets Under Management (AUM) reached INR 8,535 crore, supported by a healthy capital profile following its Initial Public Offering (IPO) in fiscal year 2024, which raised INR 800 crore. For the trailing twelve months, the company reported an annual revenue of INR 1,528 crore (INR 15.28 billion) and a net income of INR 503 crore (INR 5.03 billion). The company is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker symbols INDIASHLTR and 544044, respectively. The organization is led by key executives, including Managing Director and CEO Rupinder Singh alongside Chief Financial Officer Ashish Gupta. Major institutional investors, such as WestBridge Capital and Nexus Venture Partners, have historically supported the company's equity capital requirements. India Shelter Finance maintains a diversified resource profile with stable credit ratings, including an AA- (Stable) rating assigned by ICRA for its debt instruments, reflecting its comfortable capitalization and strong liquidity management across its operational branches.