AAVAS Financiers Ltd (AAVAS) carries out the business of providing housing loans. Its products include land purchase and construction loans; home improvement loans; balance transfer loans; home equity loans comprising loans against residential property; and micro, small, and medium enterprise loans (MSME). 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 an operational 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 6618888
No of Employees
6,034
Industry
Financial Services
Ticker Symbol & Exchange
AAVAS (NSE)
Revenue (2023)
$203.8M
EPS
XYZ
Market Cap*
$1.5B
Net Profit Margin (2023)
XYZ
-1.7%
* As of and is in US$
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 | 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. |
| 2011 | Incorporation/Establishment | The company was incorporated. |
Competitor Comparison
| Key Parameters | AAVAS Financiers Ltd | LIC Housing Finance Ltd | Dewan Housing Finance Corp Ltd | Indiabulls Housing Finance Ltd | GIC Housing Finance Ltd |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Jaipur | Mumbai | Mumbai | Gurugram | Mumbai |
| State/Province | Rajasthan | Maharashtra | Maharashtra | Haryana | Maharashtra |
| No. of Employees | 6,034 | 2,462 | 2,179 | 5,316 | 321 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Sandeep Tandon | Chairman | Executive Board | 2017 | - |
| Sachinder Bhinder | Director; Managing Director; Chief Executive Officer | Executive Board | 2023 | - |
| Ghanshyam Rawat | Chief Financial Officer | Senior Management | - | - |
| Jijy Oommen | Chief Technology Officer | Senior Management | 2021 | - |
| Ashutosh Atre | Chief Risk Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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