Aavas Financiers, also known as Aavas, is a Jaipur based housing finance company known for providing home loans in the rural and semi-urban locations of India.[1][2] Aavas is registered with National Housing Bank as a Housing Finance Company and was granted the license in August 2011.[3][4]
History
Aavas was incorporated in February 2011. It formally started its operations in March 2012.[5]
The company issued its IPO in October 2018.[6][7][8] Shortly after the IPO, CDC Group invested Template:INR200 crore in Aavas.[9][10]
In September 2019, the company received Template:INR345 crore investment from International Finance Corporation, a member of the World Bank Group.[11][12][13] In March 2020, Aavas signed an agreement with Asian Development Bank for receiving loan amount of $60 million specially targeting towards the 'women in lower income group'.[14][15][16] In December 2020, to promote the concept of Green Housing, International Finance Corporation signed an agreement with the company.[17][18][19][20]
Operations
As of March 31, 2026, Aavas has 435 branches operating in 15 states and UT of India.[21][22] Presently the company is headed by Manu Singh as the MD and CEO.[23]
The equity shares of Aavas are listed on Bombay Stock Exchange where it is a constituent of the BSE 150 Midcap, and the National Stock Exchange of India where it is a constituent of Nifty Midcap 150.[24][25]
References
- ↑ Aavas Financiers to raise ₹100 crore through NCDs. @businessline(25 December 2020). Retrieved 2021-03-19.
- ↑ The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated{{#if:Baid|, Baid}. Columbia University Press(2021-03-19). ISBN 978-0-231-55211-0
- ↑ AAVAS.IN | Aavas Financiers Ltd. Company Profile & Executives - WSJ. www.wsj.com. Retrieved 2021-03-19.
- ↑ Aavas Financiers Ltd - Company Profile and News. Bloomberg.com. Retrieved 2021-03-19.
- ↑ IFC to invest $40 mn in Aavas Financiers | M&A Critique(2017-05-09). Retrieved 2021-03-19.
- ↑ Aavas Financiers Raises Rs 520 Cr From 34 Anchor Investors, IPO Opens On September 25. Moneycontrol(24 September 2018). Retrieved 2021-03-19.
- ↑ Aavas Financiers IPO Review - Aavas Financiers IPO Dates, Issue Price, Subscription and Allotment Status - The Economic Times. economictimes.indiatimes.com. Retrieved 2021-03-19.
- ↑ Aavas Financiers' IPO: Here's All You Need To Know. BloombergQuint(24 September 2018). Retrieved 2021-03-19.
- ↑ Aavas raises Rs 200 cr from UK's CDC group. Business Standard India(2018-12-20). Retrieved 2021-03-19.
- ↑ Aavas Financiers raises Rs 200 crore from UK's CDC Group - ET RealEstate, www.ETRealty.com. ETRealty.com. Retrieved 2021-03-19.
- ↑ Aavas Financiers raises Rs 345 crore from IFC through NCDs. Business Standard India(2019-09-17). Retrieved 2021-03-19.
- ↑ Affordable housing financier Aavas gets Rs 345 cr funding from IFC. Outlook India. Retrieved 2021-03-19.
- ↑ IFC invests Rs 345 crore in Aavas Financiers - ET RealEstate, www.ETRealty.com. ETRealty.com. Retrieved 2021-03-19.
- ↑ Affordable housing firm Aavas gets $60m ADB loan. @businessline(31 March 2020). Retrieved 2021-03-19.
- ↑ Aavas Financiers gains on securing ADB loan to boost housing finance in India. Business Standard India(2020-03-30). Retrieved 2021-03-19.
- ↑ Kedaara-backed Aavas Financiers to raise loan from Asian Development Bank. VCCircle(2021-03-19). Retrieved 2021-02-18.
- ↑ IFC, Aavas Financiers sign pact for affordable green housing finance for low-income borrowers - ET EnergyWorld, www.ETEnergyworld.com. ETEnergyworld.com. Retrieved 2021-03-19.
- ↑ New project to help catalyse affordable green housing finance in India. Energy Live News(2021-03-19). Retrieved 2021-02-18.
- ↑ IFC signs agreement for affordable green housing in India, admin. GreentechLead(2021-03-19). Retrieved 2021-02-18.
- ↑ ProjectX India: 15th December 2020 | Tracking Multisector Projects from India{{#if:Sharma|, Sharma}. Sandeep Ravidutt Sharma(2021-03-19)
- ↑ Statement of audited financial results for the quarter and year ended March 31, 2026 published in Financial Express Epaper 06 May 2026.
- ↑ Aavas Financiers Limited: [ICRAAA-(Stable) rating assigned](2026-05-06).
- ↑ MarketWatch Aavas Financiers Profile. www.financialexpress.com(2023-05-03). Retrieved 2026-04-20.
- ↑ Aavas Financiers Listing Information - The Economic Times. economictimes.indiatimes.com. Retrieved 2021-03-19.
- ↑ Stock Share Price | Get Quote | BSE. www.bseindia.com. Retrieved 2021-03-19.