Aadhar Housing Finance
Aadhar Housing Finance is an India-listed affordable housing finance company serving low-income and EWS/LIG borrowers through 626+ branches across 22 states, offering home loans under Rs 15 lakh ticket size. It is majority-owned by Blackstone following a 2026 $1.39 billion acquisition and NSE listing.
- Company typePublic
- Founded2010
- HeadquartersMumbai, India
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What Aadhar Housing Finance does
Aadhar Housing Finance Limited is an India-based, publicly listed affordable housing finance company (NSE ticker; CIN L66010KA1990PLC011409) that provides home loans to the economically weaker section (EWS) and lower-income group (LIG) segments. Incorporated in 1990 and headquartered in Mumbai with registered office in Bengaluru, the company serves first-time homeowners with monthly incomes starting from Rs 5,000, offering ticket sizes typically under Rs 15 lakh and tenures up to 30 years. It operates through 626+ branches across 22 states and union territories using a direct sales force and doorstep service model. As of FY26, Aadhar reported total income of Rs 3,672.58 crore, net profit of Rs 1,095.88 crore (22% YoY growth), AUM of Rs 30,571 crore (20% YoY growth), Gross NPA of 1.08%, and capital adequacy of 42%.
The company's product portfolio spans 13+ loan products including salaried and self-employed home loans, plot purchase and construction loans, home improvement and extension loans, Loan Against Property (LAP), balance transfer with top-up, and non-residential property loans. Specialized offerings include Aadhar Gram Unnati for rural markets and PMAY 2.0 for accessing government interest subsidies under the Credit Linked Subsidy Scheme. Digital tools include the Aadhar Mitra distribution app, Saarthi home loan guide assistant, and online EMI and eligibility calculators. The company also offers Aadhar Insurance Services in partnership with third-party insurers.
Aadhar's revenue model is interest income on its housing loan book, with pricing varying by borrower profile, loan amount, and tenure, plus access to subsidized rates under PMAY. The company is majority-owned by Blackstone Inc. following a $1.39 billion acquisition of a 64.14% promoter stake in 2026, the largest private equity transaction in India. CPP Investments co-invested $175 million and Lunate Group holds approximately 10%. Blackstone's entry and the NSE listing position Aadhar for accelerated expansion, with management targeting Rs 35,000 crore AUM and Rs 2,000 crore net profit by FY29. The CEO, Deo Shankar Tripathi, has held the role through this transition and has been individually recognized with multiple BFSI leadership awards.
Aadhar Housing Finance firmographics
Firmographics- Name
- Aadhar Housing Finance
- Legal name
- Aadhar Housing Finance Limited
- Website
- https://aadharhousing.com
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Aadhar Housing Finance is an India-listed affordable housing finance company serving low-income and EWS/LIG borrowers through 626+ branches across 22 states, offering home loans under Rs 15 lakh ticket size. It is majority-owned by Blackstone following a 2026 $1.39 billion acquisition and NSE listing.
- Ownership category
- akta.pro rank
Aadhar Housing Finance industry classification
Industry- Product category
- Affordable Housing Finance
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Mortgage Bankers & Loan Correspondents (6162)
- akta.pro primary industry
- Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination (FSALAAAM)
- akta.pro secondary industries
- Home Improvement Personal Loans (Unsecured Installment) (FSAKAAAE), Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)
Keywords
Where Aadhar Housing Finance is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
Aadhar Housing Finance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income on Housing Loans: Primary revenue from interest income on housing loans extended to low-income and economically weaker section borrowers. Loans are structured with tenures up to 30 years, ticket sizes typically under Rs 15 lakh, serving first-time homeowners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Affordable housing loans for low-income borrowers with minimal documentation |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Aadhar Housing Finance product offering
Product offeringCore offering
Aadhar Housing Finance provides affordable housing finance to India's low-income and economically weaker section (EWS/LIG) customers through home loans, plot purchase and construction loans, home improvement and extension loans, loan against property, balance transfer with top-up, and non-residential property loans. Products are targeted at first-time homeowners and self-employed individuals with average ticket sizes under Rs 15 lakh, tenures up to 30 years, and minimal documentation requirements. The offering is delivered through 626+ branches across 22 states with PMAY government subsidy alignment.
Product overview
Aadhar Housing Finance operates as an affordable housing finance company offering a diversified suite of home loan and mortgage products across India's low-income and middle-income segments. The core portfolio centers on home loans for salaried employees and self-employed individuals, supplemented by specialized products for plot purchase, home construction, improvement, and extension. The company also provides Loan Against Property (LAP) for residential and commercial properties, balance transfer with top-up facilities, and non-residential property loans. Rural access is served through Aadhar Gram Unnati, while PMAY 2.0 enables access to government interest subsidies via CLSS. The product range includes 13 distinct loan products alongside digital tools (EMI Calculator, Eligibility Calculator) and the Saarthi digital assistant, distributed through 626+ branches across 22 states serving customers with ticket sizes typically under Rs 15 lakh.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Loan For Salaried Employees Home loan product for salaried individuals to purchase or construct residential property, with financing up to 90% of property value and tenure up to 30 years.
- Home Loan For Self Employed Home loan for self-employed individuals and business owners with flexible eligibility based on business income, for residential property purchase or construction.
- Loan For Plot Purchase And Construction Combined financing enabling customers to purchase a plot of land and construct a home, with disbursements released in stages aligned to construction phases.
- Home Improvement Loan Loan for renovating, upgrading, or extending existing residential property including rooms, toilets, kitchens, and structural repairs.
- Home Extension Loan Loan for extending an existing home to accommodate growing families, covering additional rooms or spaces beyond the original structure.
- Loan Against Residential Commercial Property (LAP) Mortgage loan allowing customers to borrow against owned residential or commercial property for business or personal needs, with loan-to-value of 55-70% and tenure up to 20 years.
- Balance Transfer And Top Up Enables customers to transfer existing home loans from other banks or NBFCs to Aadhar Housing Finance, with optional top-up loan on top of the transferred amount.
- Loan For Purchase Of Non Residential Property Loan for self-employed individuals to purchase office spaces, shops, or other commercial properties for business purposes.
- Home Construction Loan Specialized loan for constructing a home on owned land, with disbursements released in stages based on predefined construction milestones.
- Loan For Plot Purchase Loan for purchasing vacant land or plots for future home construction, enabling customers to secure a location before initiating building.
- Loan For Construction Of Non Residential Property Loan for constructing non-residential or commercial properties such as offices, godowns, or mixed-use buildings.
- Aadhar Gram Unnati Specialized loan for rural and semi-urban markets, financing home construction and improvement in village areas to support affordable rural housing.
- PMAY 2.0 Home loans under the Pradhan Mantri Awas Yojana 2.0, providing eligible EWS/LIG borrowers interest subsidies of 3% to 6.5% under the Credit Linked Subsidy Scheme (CLSS).
- Aadhar Insurance Services Insurance products offered in partnership with insurance providers, allowing customers to purchase property insurance and other coverage products alongside their home loans.
Quantifiable outcome
- 22% Net Profit growth to Rs 1,108 crore in FY26
- +3 more outcomes
Companies that use Aadhar Housing Finance
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles2 records
Aadhar Housing Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Aadhar Housing Finance partnerships and signals
Strategic signalScale indicators9 records
Recent moves6 records
Expansion highlights5 records
Aadhar Housing Finance competitors and assessment
Company assessmentEmerging players
- Bandhan Bank: Bandhan Bank, post the Gruh Finance merger, has a meaningful affordable housing book focused on EWS/LIG self-employed and informal-income customers. Comparable target segment and product mix.
Broad incumbents
- HDFC Bank: Post HDFC Ltd merger, HDFC Bank is India's largest mortgage originator with growing affordable housing push. Major competitor for Aadhar's customers and an incumbent benchmark on cost of funds.
- ICICI Bank: ICICI Bank is a top-3 Indian private bank with a large home loan portfolio spanning affordable to prime. Competes with Aadhar for self-employed and salaried low-ticket borrowers at lower funding costs.
Direct peers
- Home First Finance Company India: Home First is a listed Indian affordable HFC serving LIG/EWS and salaried customers with similar ticket sizes. Directly comparable on business model, product mix (home loans, LAP, improvement), and target segment.
- Aavas Financiers: Aavas is a listed Indian HFC focused almost exclusively on affordable housing for salaried and self-employed low-income customers across semi-urban and rural India. Closest pure-play comparable to Aadhar on customer segment, ticket size, and distribution model.
- Can Fin Homes: Can Fin Homes is a listed Indian HFC promoted by Canara Bank, focused on salaried home loan customers. Comparable as a listed HFC with overlapping product suite, though with a more prime, salaried skew.
- LIC Housing Finance: One of India's largest HFCs, LIC Housing Finance originates prime and affordable home loans nationally. Comparable on product suite and listed HFC status, though larger and more prime-skewed.
- IIFL Home Finance: IIFL Home Finance is the affordable HFC arm of IIFL Group, focused on self-employed, informal-income, and EWS/LIG borrowers. Closely comparable on customer segment and underwriting approach.
- PNB Housing Finance: PNB Housing Finance is a major listed Indian HFC offering home loans and LAP across income segments, with PSU-bank promoter roots. Comparable product mix and listed HFC peer set.
- Bajaj Housing Finance: Bajaj Housing Finance is a large, recently listed Indian HFC offering home loans and LAP across income segments, with growing focus on prime and affordable. Comparable on product breadth and listed-market structure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Aadhar Housing Finance social profiles
Digital presenceAadhar Housing Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aadhar Housing Finance leadership team
Management profileNumber of profiles
Profiles6 records
Aadhar Housing Finance subsidiaries and ownership
Company hierarchySubsidiaries1 record
Aadhar Housing Finance funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aadhar Housing Finance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aadhar Housing Finance
What does Aadhar Housing Finance do?
Aadhar Housing Finance provides affordable housing finance to India's low-income and economically weaker section (EWS/LIG) customers through home loans, plot purchase and construction loans, home improvement and extension loans, loan against property, balance transfer with top-up, and non-residential property loans. Products are targeted at first-time homeowners and self-employed individuals with average ticket sizes under Rs 15 lakh, tenures up to 30 years, and minimal documentation requirements. The offering is delivered through 626+ branches across 22 states with PMAY government subsidy alignment.
Is Aadhar Housing Finance a public or private company?
Aadhar Housing Finance is a public company. It is classified as public and is currently operating.
When was Aadhar Housing Finance founded?
Aadhar Housing Finance was founded in 2010. It employs 1,001 to 5,000 people.
Where is Aadhar Housing Finance based?
Aadhar Housing Finance is headquartered in Mumbai, India, in the Asia region.
How does Aadhar Housing Finance make money?
One revenue line is on record: interest Income on Housing Loans.
Who are Aadhar Housing Finance's main competitors?
Bandhan Bank is listed as an emerging player. Broad incumbents are HDFC Bank and ICICI Bank. Direct peers are Home First Finance Company India, Aavas Financiers, Can Fin Homes, LIC Housing Finance, IIFL Home Finance, PNB Housing Finance and Bajaj Housing Finance.
Does Aadhar Housing Finance have an API?
No public API is recorded for Aadhar Housing Finance.
What industry is Aadhar Housing Finance in?
Aadhar Housing Finance's product category is Affordable Housing Finance. Its primary akta.pro industry code is FSALAAAM, Affordable Housing / Down Payment Assistance (DPA) Mortgage Origination, with a secondary code of FSAKAAAE, Home Improvement Personal Loans (Unsecured Installment). Its NAICS code is 522310 and its SIC code is 6162.