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AAVAS Financiers Ltd (AAVAS) is a provider of housing loans. The company product portfolio includes home loans, home construction loans, home loan balance transfer, home improvement loans, loans against property, MSME business loans and small ticket-size loans. The company also offers loans for under-construction projects and ready to built properties. AAVAS provides financing services to low and middle-income self employed customers in semi-urban and rural areas. The company has operations presence across Rajasthan, Gujarat, Maharashtra, Uttarakhand, Madhya Pradesh, Delhi, Uttar Pradesh, Chhattisgarh and Haryana, India. AAVAS Financiers is headquartered in Jaipur, Rajasthan, India.
Headquarters
India
Address
201-202 Southend Square, Mansarover Industrial Area, Jaipur, Rajasthan, 302020
Website
www.aavas.in
Telephone
91 141 6618800
No of Employees
7,233
Industry
Financial Services
Ticker Symbol & Exchange
AAVAS (NSE)
Revenue (2024)
$256.6M
16.8%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
17%
(2024 vs 2023)
Market Cap*
$1.2B
Net Profit Margin (2024)
XYZ
0.2%
(2024 vs 2023)
* As of and is in US$
Products and Services
| Products |
|---|
| Housing loan |
| Balance Transfer Loan |
| Home Improvement Loan |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In August, the company signed an agreement to sell 26.47% of its share capital to Aquilo House Pte. Ltd. |
| 2024 | Others | In March, the company's 12.6% stake was sold by Kedaara Capital and Partners Group. |
| 2023 | Contracts/Agreements | In June, the company and HDFC Life announced a strategic Corporate Agency tie-up under which customers of Aavas will have access to a wide range of HDFC Life's insurance products. |
Competitor Comparison
| Key Parameters | AAVAS Financiers Ltd | LIC Housing Finance Ltd | Sammaan Capital Ltd | PNB Housing Finance Ltd. | GIC Housing Finance Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Jaipur | Mumbai | Mumbai | New Delhi | Mumbai |
| State/Province | Rajasthan | Maharashtra | Maharashtra | Delhi | Maharashtra |
| No. of Employees | 7,233 | 2,352 | 4,383 | 2,149 | 422 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sandeep Tandon | Director | Executive Board | 2017 | - |
| Sachinder Bhinder | Chief Executive Officer; Managing Director | Senior Management | 2023 | - |
| Rajaram Balasubramaniam | Chief Strategy Officer; Head - Analytics | Senior Management | - | - |
| Jijy Oommen | Chief Technology Officer | Senior Management | 2021 | - |
| Ashutosh Atre | Chief Risk Officer; President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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