About Aadhar Housing Finance Limited (Aadhar)

Aadhar Housing Finance Limited (Aadhar) is one of India’s largest housing finance institutions, enabling homeownership for low-income and low-to-middle-income customers. Incorporated in 1990 as Vysya Bank Housing Finance Limited, it became Aadhar Housing Finance Limited in 2017 after a merger and name change approved by the National Housing Bank (NHB). Its equity shares listed on NSE and BSE on May 15, 2024, and it is a subsidiary of BCP Topco VII Pte. Ltd.

Aadhar operates solely in India, with 580 branches across 545 districts in 21 states and union territories, and over 2,99,000 live accounts as of March 31, 2025. It offers loans for purchase and construction of residential property, home improvement and extension, commercial property construction/acquisition, and loans against residential property. Micro-LAP products have a ticket size of Rs 8–9 lakh. The portfolio is granular, with an average ticket size of Rs 10.3 lakh, 56 per cent of AUM from salaried customers, and a moderate loan-to-value of 59 per cent. The company has strong promoter backing from Blackstone via BCP Topco VII Pte. Ltd.

Aadhar Housing Finance Limited’s Business Segments

• Operating model: Single segment—Housing Finance (Financial Services)—with all revenue from India.

• Industries served: Economically weaker sections and low-to-middle-income borrowers, including salaried, self-employed, and informal sector customers.

• Revenue by geography: Entirely India-based, present in 21 states/UTs with no single state exceeding 14 per cent of AUM.

• Revenue by vertical: Housing finance through home loans, loans against property, and related offerings.

Aadhar Housing Finance Limited (Aadhar) Key Management

• Rishi Anand – Managing Director & CEO

• Deo Shankar Tripathi – Executive Vice-Chairman

• Rajesh Viswanathan – Chief Financial Officer

Latest Updates on Aadhar Housing Finance Limited (Aadhar)

• IPO and listing: In May 2024, raised Rs 1,000 crore via fresh issue and Rs 2,000 crore via offer for sale, priced at Rs 300–Rs 315, oversubscribed 26.76 times; listed May 15, 2024.

• Use of proceeds: For onward lending and general corporate purposes, monitored by a SEBI-registered agency.

• Scale and footprint: AUM reached Rs 25,531 crore; 57 branches opened in FY25, including the first Northeast branch in Guwahati.

• Financials: Consolidated PAT Rs 911.83 crore; ROA 4.3 per cent; cost-to-income ratio 36.4 per cent; co-lending portfolio Rs 592 crore.

• Asset quality & liquidity: GNPA on AUM 1.05 per cent; provision coverage 34.54 per cent; liquid assets and cash/bank balances Rs 2,100 crore.

Digital & sustainability: 100 per cent paperless onboarding, 1.25 lakh app downloads, 25–35 minutes door-to-login time; 90 green housing projects, 4,500 saplings planted.