 |
| Company type | Public |
|---|---|
| ISIN | INE216P01012 |
| Industry | Financial services |
| Founded | February 2011 |
| Headquarters | , |
Area served | India |
Key people |
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| Website | www |
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]
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 ₹200 crore in Aavas. [9] [10]
In September 2019, the company received ₹345 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]
As of June 30, 2024, Aavas has 371 branches operating in 13 states of India. [21] [22] Presently the company is headed by Sachinder Bhinder 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]