Centrum Housing Finance

What Centrum Housing Finance does

Centrum Housing Finance Limited (CHFL) is a Mumbai-based, NHB-registered Housing Finance Company incorporated in 2016 that provides home loans, home construction loans, home improvement & extension loans, and loans against property to individual retail borrowers, with a stated focus on self-employed individuals and Lower and Middle Income (LMI) families in tier II and tier III Indian cities. The company's core product suite is delivered through a technology-enabled stack comprising a Centrum Customer mobile app (native-script build on Google Play), an EMI calculator, and an online loan application form, while loan sourcing is primarily sales-led through Relationship Officers and Senior Relationship Officers supported by DSA/DST channels and a doorstep document-collection service. CHFL operates 96 branches across 12 Indian states and had cumulatively sanctioned approximately Rs 1,400 crore to 10,300 households, with interest rates ranging from 10.49% to 18.50% depending on borrower segment (formal salaried through to informal-salaried/self-employed). Following a March 2026 transaction, Weaver Services acquired a 75.01% controlling stake from Centrum Capital and is integrating CHFL with People Home Finance (acquired August 2025) into a combined affordable-housing platform exceeding Rs 2,000 crore AUM and 140 branches; under the new ownership Weaver will also acquire Morgan Stanley's remaining 24.99% stake, becoming sole institutional owner. The company is led by MD & CEO Sanjay Shukla (ex-MD&CEO of Cent Bank Home Finance, prior senior roles at ING Vysya, Tata Capital, and Citibank) and a board that includes former CMDs of UCO Bank, Central Bank of India, Bank of Baroda, Oriental Bank of Commerce, and former senior executives of HDFC Ltd, HSBC, and Kotak Mahindra Bank.

Name

Centrum Housing Finance

Legal name

Centrum Housing Finance Limited

Website

http://chfl.co.in/

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Centrum Housing Finance is an NHB-registered Indian housing finance company that provides home loans, construction loans, and loans against property to self-employed individuals and lower- and middle-income families across 12 states via 96 branches and doorstep service.

Ownership category

akta.pro rank

Product category

Housing Finance

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro industry

PRIMARYFSALAHAA

New Construction-to-Perm (Single-Family Owner-Occupied)

Financial & Insurance/Mortgage & Housing Finance/Construction & Renovation Financing (Construction-to-Perm)

SECONDARYFSALAHAF

Renovation/Remodel-to-Perm Financing (Owner-Occupied)

Financial & Insurance/Mortgage & Housing Finance/Construction & Renovation Financing (Construction-to-Perm)

SECONDARYFSALAAAL

Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation)

Financial & Insurance/Mortgage & Housing Finance/Residential Mortgage Origination (Retail & Consumer Direct)

Keywords

• Housing finance
• Home loans
• Loan against property
• Mortgage lending
• Affordable housing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Interest Income from Home Loans: Core revenue from providing home loans (purchase/resale, construction, improvement & extension) and loans against property to customers. Interest rates range from 10.49% to 18.50% depending on customer segment and loan type. Loans range from 3 Lakhs to 100 Lakhs with tenures up to 240 months.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Centrum Housing Finance Limited provides housing finance products including home loans for purchase/resale, home construction loans, improvement & extension loans, and loans against residential or commercial property. Loan amounts range from ₹3 Lakhs to ₹100 Lakhs with tenures up to 240 months, targeted at self-employed individuals and lower/middle-income (LMI) families underserved by traditional banks due to informal income documentation. The company operates a 96-branch network across 12 Indian states with doorstep service and a customer mobile app for loan servicing.

Product overview

Centrum Housing Finance Limited (CHFL) is a housing finance company offering a portfolio of home loan products targeting middle-class India and Lower and Middle Income (LMI) families. The core product suite includes Home Loan (Purchase/Resale) for acquiring residential property, Home Construction loans, Improvement & Extension financing, and Loan Against Property. The company also provides a mobile application (Centrum Customer App) for customers to manage their loan accounts. The company operates across 96 locations in 12 states, serving self-employed borrowers with simplified documentation processes. CHFL was recently acquired by Weaver Services and is being merged with People Home Finance to create a combined platform.

Differentiator

Problem solved

Functional benefit

Brands

• Aao Milkar Ghar Banaye: Company tagline/slogan meaning 'Come, Let's Build a Home' used in marketing and brand communication.

Products and services

• Home Loan (Purchase/Resale)

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• People Home FinancecoreStrategic or Co-development Partner · 20 March 2026After acquiring Centrum Housing Finance, Weaver Services plans to merge CHFL with People Home Finance (acquired in August 2025) to create a unified platform with assets under management exceeding Rs 2,000 crore and over 140 branches across India, focused on affordable home loans for underserved self-employed populations.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Aadhar Housing Finance: One of India's largest affordable housing finance companies focused on EWS/LMI segments, particularly self-employed borrowers in tier II/III cities. Directly comparable to CHFL in customer profile, product mix (home loans + LAP), and geographic footprint, with substantially larger scale.
• Aavas Financiers: Listed affordable housing finance company focused on self-employed customers in semi-urban and rural India. Closely comparable in loan size, customer segment (informal-income self-employed), and reliance on doorstep service. Kedaara Capital and Partners Group backed.
• Home First Finance Company India: Affordable housing finance company targeting salaried and self-employed LMI customers, with similar emphasis on tier II/III markets and a tech-enabled underwriting approach. Comparable loan ticket sizes and product portfolio to CHFL.
• India Shelter Finance Corporation: Affordable housing finance company focused on home loans and LAP for self-employed LMI customers in tier II/III cities. Very similar customer profile and product mix to CHFL, with comparable geographic strategy.
• IIFL Home Finance: Subsidiary of IIFL Finance, focused on affordable housing finance for self-employed and informal-income segments. Comparable product suite (home loans, LAP), customer targeting, and distribution-led model.
• People Home Finance: Affordable housing finance company now merging with CHFL under Weaver Services. Operates a nearly identical model targeting self-employed LMI borrowers in tier II/III cities with doorstep service. Directly comparable in strategy and customer profile.
• Vastu Housing Finance Corporation: Affordable housing finance company focused on LMI and self-employed segments in tier II/III cities. Comparable in loan size, customer profile, and reliance on field-based distribution. Backed by Motilal Oswal Alternates.
• Shriram Housing Finance: Part of the Shriram Group, focused on affordable home loans and LAP for first-time, self-employed and informal-income buyers. Similar product portfolio and customer targeting to CHFL, with stronger brand recognition.

Broad incumbents

• Can Fin Homes: Established housing finance company promoted by Canara Bank with a broader geographic and customer footprint than CHFL. While it serves similar home loan products, its scale, salaried customer mix, and parent-bank linkage make it a broader incumbent rather than a direct niche competitor.
• PNB Housing Finance: Large-scale housing finance company promoted by Punjab National Bank, offering a full spectrum of home loan products. Overlaps with CHFL in retail home loans but operates at much larger scale and predominantly serves salaried/formal-income customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/centrumindia
• LinkedInlinkedin.com/company/centrum-housing-finance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centrum Housing Finance