Incorporated in 1998, India Shelter Finance Corporation Limited is engaged in the business of housing finance. The company provides loans for house construction, extension, renovation and purchase of new homes or plots. The company also offers loans against property (LAP).
The company offers loan amounts between Rs.5 Lakhs to Rs.50 Lakhs for tenure up to 20 years. As of 30th Nov 2023, IndiaShelter has disbursed over Rs. 5500 Crores in loans, helping families own, extend, or improve their homes.
The company has a network of 183 branches spread across 15 states with a presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka and Gujarat. The company’s number of branches increased from 115 as of March 31, 2021, to 130 as of March 31, 2022, and 183 as of March 31, 2023.
India Shelter Finance Corporation Limited has an in-house team of over 300 collection officers, as of March 31, 2023
To enhance customer satisfaction, India Shelter has launched iServe – a dedicated customer service application catering to queries and concerns of existing customers online on time.
As of March 31, 2023, of the company borrowers, 97.5% had one or more borrowers as women and 71.3% of our customers were first-time home loan takers.
The core strengths of the company are as follows:-
• One of the fastest-growing housing finance companies in India, with a granular, retail-focused portfolio that generates high yields.
• The company’s distribution network is both physical and digital and is spread across various cities, including Tier II and Tier III cities.
• The company utilises an in-house origination model to ensure efficient and seamless operations across various key functions.

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*Market cap @upper band of Rs. 790/-

• One of the fastest growing assets under management among housing finance companies in India, high yields, and granular, retail focused portfolio – the Company has the second highest asset under management (“AUM”) and Disbursement Growth between Financial Years 2019 and 2023 amongst industry peers and has the second highest yield on advances as of Financial Year 2023.
• Extensive and diversified Phygital distribution network with significant presence in Tier II and Tier III cities – its “phygital” model of business, is a blend of physical presence across 15 states through 203 branches and digital interface, which enables our Company in accessing a wider customer base.
• In-house origination model to ensure efficient and seamless operations across various key functions.
• Technology and analytics-driven company with scalable operating model,
• Robust underwriting, collection and risk management systems,
• Diversified financing profile with a demonstrated track record of reducing financing costs &
• Experienced Promoters and management team.

• To meet future capital requirements towards onward lending, and
• General corporate purposes.

The Gurugram-based company that focusses on first time home loan takers in the low and middle income group in Tier-II and Tier-III cities in India. At the upper band of Rs. 493, the stock is value at 3.48 times price to book value. Investors may consider to subscribe for the medium to long term.