Lined Circle
At the end of July, Shriram Housing Finance had assets under control of Rs 10,000 crore.
Has unveiled a proposal called Vision 2026 to triple size
The mortgage lender is in the process of selling shares to raise $100 million
Ravi Subramanian
managing director
Their goal, according to
Ravi Subramanian
, is to increase the AUM to Rs 30,000 crore by FY26.
It currently ranks third in terms of size, behind Aadhar Housing Finance and Aavas Financiers.
Over three-fourths of its clients are low- and
middle
-income people.
The company intends to introduce authorised project finance under new packages.
The AUM of Shriram Housing Finance doubled in just around 17 months, with a 44% compound annual growth rate.