India Shelter
India Shelter Finance Corporation is a publicly listed Indian housing finance company providing affordable, secured home and property loans to low- and middle-income households in Tier 2 and Tier 3 cities through 307 branches across 15 states, serving customers rejected by mainstream banks.
- Company typePublic
- Founded2014
- HeadquartersHaryana, India
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
What India Shelter does
India Shelter Finance Corporation Limited (NSE: INDIASHLTR) is a publicly listed Indian housing finance company (HFC) headquartered in Gurugram, Haryana, that provides secured housing and property-backed credit to low- and middle-income households concentrated in Tier 2 and Tier 3 cities. The company operates four core loan products — Home Loan, Loan Against Property, Home Renovation Loan, and Purchase + Construction Loan — with ticket sizes ranging from ₹5 lakh to ₹50 lakh and interest rates between 12% and 20%. Its underwriting proposition is built around accessibility for borrowers rejected by mainstream banks: ITR is not mandatory, credit scores as low as (-1) are accepted, and processing emphasizes case-by-case judgment over rigid templating.
Distribution is hybrid and branch-anchored: 307 branches across 15 Indian states serve as the primary origination channel, supplemented by a Direct Selling Agent (DSA) and Connector partner network, the iServe customer mobile app, the iSales sales-force app, and the corporate website. A 2026 partnership with WebEngage adds a unified digital engagement layer across WhatsApp, SMS, RCS, and IVR for lifecycle communication. EMI collection is supported via an integration with FINO Payments Bank.
The business model is a classic HFC spread model: interest income from secured lending, funded primarily through a mix of bank loans, external commercial borrowings (including a U.S. DFC facility), and mutual fund debt (Kotak Mutual Fund). As of FY26, gross AUM stood at ₹11,044 crore (up 29% YoY), PAT at ₹503 crore (up 33% YoY), ROE at 17.6%, gross Stage 3 assets at 1.2%, and 30+ DPD at 4.0%. India Ratings and Research maintains an IND AA-/Stable credit rating, supporting competitive debt funding costs.
India Shelter firmographics
Firmographics- Name
- India Shelter
- Legal name
- India Shelter Finance Corporation Limited
- Website
- https://indiashelter.in
- Company type
- Public
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- India Shelter Finance Corporation is a publicly listed Indian housing finance company providing affordable, secured home and property loans to low- and middle-income households in Tier 2 and Tier 3 cities through 307 branches across 15 states, serving customers rejected by mainstream banks.
- Ownership category
- akta.pro rank
Where India Shelter is headquartered
LocationHeadquarters
- HQ city
- Haryana
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
India Shelter business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Home Loan Interest Income: Primary revenue stream from interest charged on home loans extended to customers. Loan amounts range from INR 5 Lakhs to INR 50 Lakhs with interest rates between 12% to 20%.
- Loan Against Property (LAP): Secured loans against residential or commercial property, generating interest income with repayment tenure up to 15 years.
- Home Renovation Loans: Loans for home renovation and improvement purposes, providing another interest income stream.
- Purchase + Construction Loans: Financing for plot purchase combined with home construction, enabling customers to buy property and build homes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Monthly | Home Loan - Standard Tier |
| Unit Pricing | Monthly | Loan Against Property - Standard Tier |
| Unit Pricing | Monthly | Home Renovation Loan - Standard Tier |
| Unit Pricing | Monthly | Purchase + Construction Loan - Standard Tier |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
India Shelter product offering
Product offeringCore offering
India Shelter Finance Corporation is an Indian housing finance company (NBFC) that provides affordable home loans and related credit products to low- and middle-income households. It focuses primarily on Tier 2 and Tier 3 cities across India, offering home loans, loan against property, home renovation loans, and purchase + construction loans with minimal documentation requirements.
Product overview
India Shelter Finance Corporation (ISFC) is an affordable housing finance NBFC offering four core loan products: Home Loan, Loan Against Property, Home Renovation Loan, and Purchase + Construction Loan. All products feature loan amounts between INR 5 Lakhs to INR 50 Lakhs, competitive interest rates (12% to 20%), quick and hassle-free processing, minimal documentation (ITR not mandatory), and expert guidance. The company operates across 307 branches in 15 Indian states, targeting low- and middle-income households in Tier 2 and Tier 3 geographies. The product portfolio is complemented by digital tools including the iServe customer app, EMI calculator, and eligibility calculator, as well as a WebEngage-powered customer engagement platform integrating WhatsApp, SMS, RCS, and IVR channels.
Differentiator
Problem solved
Functional benefit
Products and services
- Home Loan
- Loan Against Property
- Home Renovation Loan
- Purchase + Construction Loan
Quantifiable outcome
- 33% YoY PAT growth to Rs. 503 Crores in FY26
- +3 more outcomes
Companies that use India Shelter
Customer profileNamed customers9 records
Segments5 records
Ideal customer profiles1 record
India Shelter technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature3 records
India Shelter partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- WebEngagecoreWebEngage, a SaaS provider of customer engagement and data platform products, partnered with India Shelter to enable real-time digital engagement across the customer journey from lead to loan. The partnership integrates WhatsApp, SMS, RCS, and IVR channels with lifecycle-based communication and closed-loop feedback between marketing and sales teams.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
India Shelter competitors and assessment
Company assessmentDirect peers
- Aadhar Housing Finance: Listed Indian HFC focused on affordable, low- and middle-income housing loans in Tier 2/3 cities with comparable product mix, distribution strategy, and target segments as India Shelter.
- Bajaj Housing Finance: Listed Indian HFC providing home loans, LAP, and home renovation products to salaried and self-employed segments across India, overlapping directly with India Shelter's product portfolio.
- IIFL Home Finance: Listed Indian HFC serving the affordable housing segment with home loans, LAP, and SME lending in semi-urban and Tier 2/3 markets - closely comparable customer base and product mix.
- Home First Finance Company India: Listed Indian HFC focused on affordable and mid-income housing finance for salaried and self-employed, predominantly outside Tier 1 - directly comparable niche and product set.
- Shriram Housing Finance: Indian HFC (Shriram Group) focused on affordable home loans for self-employed and informal-income customers in Tier 2/3 cities; very similar target segment and underwriting flexibility.
- Muthoot Housing Finance: Listed Indian HFC under the Muthoot Group offering home loans and LAP to low- and middle-income borrowers, with comparable niche focus and product breadth.
Broad incumbents
- PNB Housing Finance: Large listed Indian HFC with a much broader retail home-loan franchise including tier 1 cities and prime salaried segments, but overlapping product set (home loans, LAP, renovation) with India Shelter.
- LIC Housing Finance: One of India's largest listed HFCs offering individual home loans, LAP, and project finance pan-India; much larger scale than India Shelter but overlapping retail home-loan offerings.
- Can Fin Homes: Listed Indian HFC (Canara Bank-promoted) providing home loans, LAP, and construction finance across urban and semi-urban India; overlaps with India Shelter's customer and product profile.
- HDFC Bank (Housing Finance Division): India's largest private bank with a dominant retail home-loan franchise; serves as the "traditional" bank competitor that India Shelter's customers are typically rejected by, making it a structurally relevant benchmark.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
India Shelter social profiles
Digital presenceIndia Shelter compliance and trust
Trust signalCompliance1 record
India Shelter financial estimates
Financial estimateRevenue estimate
Valuation estimate
India Shelter leadership team
Management profileNumber of profiles
Profiles4 records
India Shelter funding detail
Funding detailFunding overview
Funding rounds4 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
India Shelter 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 India Shelter
What does India Shelter do?
India Shelter Finance Corporation is an Indian housing finance company (NBFC) that provides affordable home loans and related credit products to low- and middle-income households. It focuses primarily on Tier 2 and Tier 3 cities across India, offering home loans, loan against property, home renovation loans, and purchase + construction loans with minimal documentation requirements.
Is India Shelter a public or private company?
India Shelter is a public company. It is classified as public and is currently operating.
When was India Shelter founded?
India Shelter was founded in 2014. It employs 1,001 to 5,000 people.
Where is India Shelter based?
India Shelter is headquartered in Haryana, India, in the Asia region.
How does India Shelter make money?
Four revenue lines are on record. Home Loan Interest Income is the primary driver. The others are loan Against Property (LAP), home Renovation Loans and purchase + Construction Loans.
Who are India Shelter's main competitors?
Direct peers on record are Aadhar Housing Finance, Bajaj Housing Finance, IIFL Home Finance, Home First Finance Company India, Shriram Housing Finance and Muthoot Housing Finance. Broad incumbents are PNB Housing Finance, LIC Housing Finance, Can Fin Homes and HDFC Bank (Housing Finance Division).
Does India Shelter have an API?
No public API is recorded for India Shelter.