‘GHFL’ also achieved a significant milestone of reaching ₹ 7,500 crores in Assets Under Management (AUM), growing at a CAGR of 28% over the last six years. Its customer base rose to over 75,000, served by a network of 195 branches strategically positioned for deeper outreach across geographies. Nearly 85% of the customers are women (including Applicants and Co-Applicants), which illustrates the Company’s gender-equal approach. The Company’s bolstered net worth of over ₹1,800 crore provides it the headroom to scale up the business potential and manage leverages effectively.
Speaking on the rebranding, Mr. Manish Jaiswal, Managing Director, and Chief Executive Officer, of Grihum Housing Finance Limited, said, “Grihum, a portmanteau of 'Grih' (home) and 'Hum' (togetherness), embodies our essence as a company. We are dedicated to fostering collaboration and unity in creating the cherished space of “Dream Home” for our customers, many of whom are self-made individuals and micro-entrepreneurs in the semi-urban, peri-urban and rural regions of the country.”
A host of factors have placed 'GHFL' and the affordable housing sector on an upward trajectory. India’s last-mile connectivity is expanding, leading to physical and digital infrastructure advancements and robust payment modules. The country’s demographic dividend remains a powerful driving force behind brisk structural economic growth, particularly in semi-urban, peri-urban, and rural markets.
“We have initiated a deep digital transformational shift to elevate customer experiences and leverage scale, as over 10 million Indians still don't own a home. A growing middle class and improved GDP per capita, a growing need for more per capita per square feet space, and an increasing number of nuclear families are altering the rental-to-EMI ratio, making home-ownership more accessible, and hence the demand for affordable housing will continue to rise. We have grown four times in the last 6 years. We have delivered an AUM growth at 28% CAGR over the last 6 years and given the tailwinds in the economy, we expect similar growth momentum in years to come. We endeavor to impact at least a million lives and so far we have reached one-third in this journey.”, added Mr. Jaiswal.
Mr. Puneet Bhatia, Co-Managing Partner of TPG Capital Asia, said, “We are confident that 'Grihum Housing Finance' as a brand name will resonate with the customer base of self-made individuals, adding to their comfort and trust in the Company. The Company is strongly positioned to tap into this under-penetrated segment of affordable housing that is expected to grow at a much faster pace than the overall housing finance industry. We are committed to supporting the growth of Grihum Housing Finance.”
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