Aptus Value Housing Finance India Unlisted Shares

(i) Aptus Value Housing Finance India is an entirely retail focussed housing finance company primarily serving low and middle income self-employed customers in the rural and semi-urban markets of India. According to the CRISIL Report, the Company had the highest RoA of 6.3% among the Peer Set during the financial year 2020.

(ii) Aptus Value Housing are one of the largest housing finance companies in south India in terms of AUM, as of December 31, 2020. Their AUM have increased from ₹1416 Crores, as of March 31, 2018 to ₹3790 Crores, as of December 31, 2020, at a CAGR of 38.83%. Further, according to the CRISIL Report, they had the second lowest cost to income ratio among the Peer Set during the financial year 2020.

(iii) They offer customers home loans for the purchase and self-construction of residential property, home improvement and extension loans; loans against property; and business loans, which accounted for 51.76%, 21.12% and 27.12% of the AUM, as of December 31, 2020. They only offer loans to retail customers and do not provide any loans to builders or for commercial real estate. They target first time home buyers where the collateral is a self-occupied residential property.

(iv) As of December 31, 2020, 99.42% of Aptech AUM were from customers who belonged to the low and middle income groups, earning less than ₹ 50,000 per month and 40.96% of its AUM were from customers who were new to credit.

(v) As of December 31, 2020, the states of Tamil Nadu (including the union territory of Puducherry), Andhra Pradesh, Karnataka and Telangana accounted for 53.48%, 26.51%, 9.99% and 10.02% of our AUM, respectively, and they have a network of 181 branches covering 75 districts in such states and the union territory of Puducherry.