Home First Finance Company India Ltd
Home First Finance Company India Ltd Company History
Home First Finance Co. India main business is financing by way of loans towards affordable housing segment in India and is primarily engaged in the business of lending of housing loans, loans for the purpose of purchasing a commercial property and loan against property.
2010
Incorporation of the Company
Obtained certificate of registration from NHB with Jaithirth Rao and P. S. Jayakumar as the promoters of the Company
2010
2011
Investment by Bessemer in the Company
2011
2012
Change of the registered office to Mumbai
Expanded operations in Gujarat and Tamil Nadu
2012
2013
Approved 1,000 loans, and Gross Loan Assets of the Company became Rs. 689.5 million
CARE Credit Rating for long term bank facilities was BBB-
Investment by Alpha TC Holdings Pte Limited in the Company
2013
2014
Company became profitable with Gross Loan Assets of Rs. 1,629.1 million
CARE Credit Rating for long term bank facilities improved to BBB+
2014
2015
Company had customer base of 5,000 with Gross Loan Assets of Rs. 3,368.3 million
2015
2016
Customer base crossed over 10,000 spread across over 25 cities and Gross Loan Assets of the Company touched Rs. 5,477.4 million
Further investment by Bessemer in the Company and Alpha TC Holdings Pte Limited
CARE Credit Rating for long term bank facilities improved to A
2016
2017
Investment by TN V LLP and Aether in the Company
ICRA Credit Rating for long term bank facilities improved to A+ and CARE Credit Rating for long term bank facilities improved to A-Â
Gross Loan Assets became Rs. 8,473.2 million
Exit of Alpha TC Holdings Pte Limited
2017
2018
Net worth of the Company crossed Rs. 5,000 million and Gross Loan Assets became Rs. 13,559.3 million
Declassification of Jaithirth Rao as the promoter of the Company
2018
2019
Customer base crossed over 30,000 with Gross Loan Assets touching Rs. 24,435.7 million
Approved over 55,000 housing loans
Declassification of P. S. Jayakumar as the promoter of the Company
2019
2020
Investment by Orange Clove in the Company
The Company was certified as a Great Place to Work by Great Place to Work Institute, India for a period from November, 2020 to October, 2021
2020
