Aadhar Housing Finance

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.

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

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

• Affordable housing finance
• Home loan products
• Mortgage lending services
• Loan against property
• Rural housing loans

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. 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

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core 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

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Emerging 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

• YouTubeyoutube.com/@aadharhousingfinance9071
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Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

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 Aadhar Housing Finance