Motilal Oswal Home Finance Limited (Previously Aspire Home Finance Corporation Limited) Unlisted Shares
(i) Aspire Home Finance Corporation Limited (AHFCL) is a professionally managed housing finance company incorporated on 01.10.2013, with a unique combination of financially sound and technically experienced promoters who are well known in their domain for professional ethics and strong execution capabilities.
(ii) AHFCL works on the business philosophy of financial inclusion of Lower and Middle Income (LMI) Indian families by providing them access to long term housing finance.
(iii) AHFCL is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL). MOFSL is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI and retail.
(iv) AHFCL is registered with National Housing Bank (NHB) under section 29A of the National Housing Bank Act, 1987 as an HFC under section 29A of the National Housing Bank Act, 1987 vide Certificate of Registration No. 05.0111.14 dated May 19, 2014.
Journey of AHFCL
(i) Commencement of Business Operation on 22.05.2014.
(ii) The first disbursement booked in Akola Branch June 2014.
(iii) Loan book crossed 50 Cr.
(i) Presence across 14 locations.
(ii) Total staff: 160 employees.
(iii) Loan book at 357 Cr with 3565 live accounts.
(iv) Year-end PAT at 18 Cr CRISIL upgrades rating for long term borrowings from “A/Stable” to “A+/Stable“ Loan book crosses 550 Cr with 5,500 Cr live loan accounts Present at 23 locations.
(i) Present in 51 Locations with employees count of 500.
(ii) PAT for the years at 40 Cr.
(iii) Received first 50 Brand 2016 award by WCRC.
(iv) Presence extended to 62 location.
(i) Awarded second prize for best performing Primary Lending Institution under CLSS for EWS/LIG by Ministry of Housing and Urban Poverty Alleviation.
(ii) Expanded to 6 new states with a presence in 121 locations with a staff count of 1049.
(iii) loan Book of 4165 Cr with 46,142 live accounts.
(i) 4682 Cr of the loan book.
(ii) Capital Infusion by MOSFL of Rs. 150 Cr.
(iii) Strengthening of a core team.
(iv) Strengthening Credit & Risk
Motilal Oswal Home Finance Limited (Previously Aspire Home Finance Corporation Limited) Unlisted Shares Details:
|Total Available Shares:||Not Available|
|Face Value:||₹ 1 Per Equity Share|
|Lot Size:||500 Shares|
|Current Unlisted Share Price:||₹ 7.5 Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
Promoters And Management:
Financials of Motilal Oswal Home Finance Limited (Previously Aspire Home Finance Corporation Limited) Unlisted Shares:
|Revenue from operations||570||662|