about India Home loan
India Home Loan Limited (IHLL) is a listed entity licensed as Housing Finance Company from National Housing Bank. The Company offers various loan products for purchase, construction, extension and improvement of houses. It caters to individuals and families belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Group (MIG) residing in the periphery of semi-urban and urban India. The company was incorporated on the 19th of December 1990 under the Companies Act, 1956 in the state of Maharashtra, under the name of Manoj Housing Finance Company Limited (MHFCL).
MHFCL was later acquired in 2008 by Mr. Mahesh Pujara and his associates, and the name was subsequently changed to India Home Loan Limited. IHLL is registered as a Non-deposit taking Housing Finance Company with the National Housing Bank (NHB), and qualifies for Priority Sector Lending as per RBI guidelines. IHLL is listed on the Bombay Stock Exchange.
The company primarily operates in two business segments currently: Housing Loans with an average ticket size of Rs. 7.5 lakh and Loan Against Property (LAP) with a ticket size of Rs. 10-50 lakh. It specializes in providing affordable loans to families from the self-employed category, where proofs of income are not easily available and repayment capacity is appraised based on cash flows. IHLL has an established presence in Maharashtra and Gujarat and has recently forayed into Rajasthan.
Important Milestones:
- 1990 – Incorporation and Registered with National Housing Bank
- 1995 – Started operations in Maharashtra and Listed with BSE
- 2008 – Taken over by current management and renamed as India Home Loan Limited
- 2010 – Started operations in Gujarat.
- 2014 – Equity infusion by Promoters
- 2015 – Registered Financial Institute under SARFAESI Act. Loan book at INR 20 Crs.
- 2016 – Received MAS and NHB funding. Loan book at INR 30 Crs by year end
- 2017 – Raised INR ~12 crore of primary equity capital from marquee investor.
- 2019 – Loan book crossed INR 200 crore
- 2020 – First Listed NCD issuance done by the company subscribed by PSU bank
Company Details
| Corporate Identification Number | L65910MH1990PLC059499 |
|---|---|
| Registered Office | 504/504A, 5th Floor, Nirmal Ecstasy, Jatashankar Dosa Road, Mulund West, Mumbai 400080, Maharashtra |
| Script Code (BSE) | INDIAHOME |
| Script ISIN | INE274E01015 |
| Authorized Capital | 25.00 Crores |
| Paid Up capital | 14.28 Crores |
Our Legacy Since 2001
With a rich history spanning over a century, we have been committed to providing trusted home loan solutions to help families secure their dream homes. We have continually evolved with the times, offering tailored financial products like Home Loans, Loan Against Property, and Project Finance, to meet the diverse needs of our customers.
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