About Home First Finance Company India Limited 

Home First Finance Company India Limited (HomeFirst) is a technology-driven affordable housing finance company focused on serving India’s low- and middle-income customers with swift, transparent home loans. Incorporated on February 3, 2010, the Company is registered as a Housing Finance Company and was listed on the NSE and BSE on February 03, 2021. It offers home loans and loans against property, including finance for purchase or construction of homes as well as extensions and repairs. HomeFirst operates across 13 states/union territory with 155 physical branches and 361 touchpoints as at March 31, 2025, reflecting a contiguous expansion strategy across key affordable housing markets in India. The Company reports no holding, subsidiary, associate or joint venture companies (subsidiaries: zero).

Home First Finance Company India Limited’s Key Milestones

• Starting operations in Gujarat and Tamil Nadu; achieving profitability; crossing 100 physical branches and 1,00,000 customers; listing on Indian exchanges.
• AUM crossed Rs 12,000 crore and completed a Qualified Institutional Placement (QIP) in April 2025. 
• The Company remains positioned as a “Fastest Provider of Home Finance for the Aspiring Middle Class, delivered with Ease and Transparency,” underpinned by centrally managed, data-science-backed underwriting and digital-led customer journeys .

Home First Finance Company India Limited’s Key Management

• Deepak Satwalekar – Chairman and Independent Director
• Manoj Viswanathan – Managing Director & Chief Executive Officer
• Nutan Gaba Patwari – Chief Financial Officer
• Shreyans Bachhawat – Company Secretary & Compliance Officer
• Ajay Khetan – Dy. Chief Executive Officer & Chief Business Officer
• Ashishkumar Darji – Chief Risk Officer
• Gaurav Mohta – Chief Marketing Officer
• Ramakrishna Vyamajala – Chief Human Resources Officer
• Rupesh Mehta – Head of Information Technology

Latest Updates on Home First Finance Company India Limited 

• Scale and reach: AUM crossed Rs 12,713 crore with 1,17,989 active customers; the network expanded to 155 branches and 361 touchpoints across 13 states/UT as at March 31, 2025  .
• Capital raise: Successfully completed its maiden QIP in April 2025, raising Rs 1,250 crore to strengthen the capital base and support growth; several marquee domestic and foreign institutions participated.
• Credit ratings: ICRA upgraded the long-term rating to “AA (Stable)” with effect from May 28, 2025; ratings from other agencies remained strong.
• Portfolio and quality: Asset quality remained stable with GNPA at 1.7% as of March 31, 2025; Return on Equity stood at 16.5% for FY25, reflecting continued operating leverage and prudent risk management.
• Distribution and partnerships: Business commenced at 22 new branches and entered 10 new districts during the year; co-lending network expanded by onboarding Axis Bank, with co-lending contributing 2.9% of AUM as on March 31, 2025.
• Insurance distribution: Corporate agency for insurance commenced earlier and the company started offering insurance products during FY25.
• Customer profile: About 89% of borrowers in FY25 were women; loans to Economically Weaker Sections and Low-Income Groups accounted for 61% of AUM.