India Shelter Finance Corporation Ltd
India Shelter Finance Corporation Ltd Company History
India Shelter Finance Corp. is engaged in providing secured retail heme bans, home equity-loans and tons against property to borrowers for a period up to twenty years. These tons are primarily to be used by the borrowers for heme purchase, home improvements, home extension and for construction cf dwelling units cn plcts owned by borrowers Under the scab based regulation the Company is categorised as middle layer (HFC-ML).
1998
Incorporated under the name Satyaprakash Housing Finance India Limited as a public limited company under the Companies Act, 1956
1998
2002
Certificate of registration granted to Satyaprakash Housing Finance India Limited by the NHB to carry on the business of a housing finance institution without accepting public deposits
2002
2009
Company taken over by the Individual Promoter
2009
2010
Our CompanyÂs name changed to India Shelter Finance Corporation LimitedÂ
Certificate of registration granted to India Shelter Finance Corporation Limited by the NHB, to carry on the business of a housing finance institution without accepting public deposits
Commenced operations by opening the first branch in Rajasthan
2010
2012
ICRA credit rating of BB+ (stable) assigned
Investment by Nexus Ventures III, Ltd.
2012
2013
ICRA credit rating upgraded to BBB- (stable)
2013
2015
Investment by WestBridge Crossover Fund, LLC
ICRA credit rating upgraded to BBB+ (stable)
2015
2016
AUM crossed ? 5,000 million
ICRA credit rating upgraded to A- (stable)
2016
2018
Expanded our geographical presence by opening first branch in southern India in the state of Karnataka
ICRA credit rating revised to A- (positive)
AUM crossed ?10,000 million
2018
2019
ICRA credit rating upgraded to A (stable)
2019
2021
AUM crossed ? 20,000 million
Number of branches in India crossed 100
Net worth crossed ?10,000 million
2021
2022
Incorporation of our Subsidiary, India Shelter Capital Finance Limited, as a public limited company under the Companies Act, 2013
ICRA credit rating upgraded to A+ (stable)
2022
2023
AUM crossed ? 50,000 million
2023
