• News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
  • Editorial Calendar 19-20
BW Businessworld

Aadhar Housing Finance Expects High Growth

65% growth in business disbursements and 50% growth in loan books is expected in FY2018-19 after the merger with DHFL Vysya Housing

Photo Credit :


Thanks to the “Housing for All by 2022” and the merger with DHFL Vysya Housing Finance,  Aadhar Housing Finance has shown remarkable performance and rapid growth, the company said in an official statement. As per the statement, the company has reported a rise of 103 per cent in net profit compared to the last financial year. In the financial year 2017-18, the company reported a profit of Rs 100 crore as compared to Rs 49 crore in the financial year 2016-17.

The ‘Housing for All’ scheme has given a significant boost to the affordable housing finance segment due to which the performance of the merged entity has been excellent for the FY 2017-18. The total income increased to Rs.798 crore from Rs.543 crore in the one year period. The loan disbursement during the FY 2017-18 is Rs.3905 crores against Rs.2338 crores in FY 2016-17. The total assets under management (AUM) grew to Rs.7966 crore by the end of FY 2017-18 from Rs. 4991 crores in 2016-17. The Gross Retail NPA (on AUM) was at 0.58% as of March 31, 2018.

Aadhar is committed to widening its reach to populations that are unbanked yet creditworthy. Keeping in mind customer centricity, they have planned to increase their spoke locations from 1500 to 2500 in tier 2, 3, 4 cities and towns and provide the benefit of Pradhan Mantri Awas Yojana.  These locations will form a part of an ‘Alternate Channel’ of Aadhar and will have a devoted manpower for sourcing and servicing the customers. To decrease the turnaround time (TAT), Aadhar has set up a digital Central Processing Unit (CPU) in Mumbai. This will enhance the customer experience as they are continuously investing in technology to facilitate the low-income segments which are not tech savvy by implementing VOICE ( IVR based messages) and VIDEO ( customer awareness series etc.) based communications in regional languages.

Aadhar is also offering an attractive fixed deposit scheme that not only provides good returns but also provides a loan facility on FD to meet urgent requirements.