About Aavas Financiers Limited 

Aavas Financiers Limited is a housing finance company incorporated in 2011 and focussed on enabling homeownership for low- and middle-income customers in underserved rural and semi-urban markets in India . In 2017, the company was renamed Aavas Financiers Limited as part of “Aavas 2.0”, and it went public in 2018. In 2023, it entered “Aavas 3.0” with a vision to become India’s most trusted affordable housing finance player through people, process, and technology. Aavas offers home loans for purchase, construction, renovation and repair, alongside mortgage-backed MSME and home equity loans.

As of March 31, 2025, Aavas operated 397 branches across 14 states, Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, Delhi, Punjab, Uttarakhand, Himachal Pradesh, Karnataka, Odisha, and Tamil Nadu—with 404 offices in total. The company added 30 new branches during the year . Aavas operates solely within India; exports do not contribute to turnover. Following the dissolution of its wholly owned subsidiary, Aavas Finserv Limited, on January 28, 2025, Aavas has no subsidiaries as on the reporting date . Key milestones include the 2017 rebrand and listing in 2018, entry into “Aavas 3.0” in 2023, and continued expansion of its branch network across 14 states by March 31, 2025.

Aavas Financiers Limited Key Management

• Sandeep Tandon, Chairperson and Independent Director

• Sachinderpalsingh Jitendrasingh Bhinder, Managing Director and Chief Executive Officer

• Ghanshyam Rawat, President and Chief Financial Officer

• Ashutosh Atre, President and Chief Risk Officer

• Saurabh Sharma, Company Secretary and Compliance Officer (appointed January 31, 2025)

• Sharad Pathak, Chief Compliance Officer

Latest Updates (FY25) on Aavas Financiers Limited 

• Strategic share sale agreements were executed on August 10, 2024 with Aquilo House Pte. Ltd. (part of the CVC network) for acquisition of 2,09,49,112 equity shares (26.47%) and control, subject to conditions. Pursuant to the mandatory open offer, Aquilo acquired 1,78,08,116 equity shares (22.50%) as on March 31, 2025; upon consummation of the SPAs, Aquilo will become the promoter and existing promoters will be reclassified as public shareholders . The Board also welcomed Aquilo as a new promoter in its communication on the company’s growth journey.

• The company issued 63,000 rated, listed, secured NCDs aggregating Rs 630 crore, and additionally issued Rs 200 crore of secured NCDs in two series; it also fully redeemed NCDs held by International Finance Corporation amounting to Rs 345 crore. Aavas maintained its ‘AA Stable’ long-term credit rating during FY 2024-25, among the highest in the affordable housing finance segment.

• Aavas expanded its footprint by adding 30 new branches, reaching 397 branches across 14 states as of March 31, 2025.

• The wholly owned subsidiary, Aavas Finserv Limited, was dissolved by order of the NCLT, Jaipur Bench, on January 28, 2025, simplifying the corporate structure.