Star Housing Finance
Rural-focused affordable housing finance for low-income families.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | $7.2m | Post IPO Convertible |
| Total Funding | 000k | ||
| INR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 40 % | 45 % | (15 %) | 36 % | 80 % | 41 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 56 % | 59 % | 47 % | 18 % | 20 % | 32 % | 29 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Star Housing Finance Limited (Star HFL) is a publicly traded, rural-focused housing finance company in India, specializing in affordable housing. It was incorporated on March 21, 2005, as Akme Buildhome Private Limited and was founded by the late Dr. Shri. Mohan Lal Nagda. The company underwent several name changes, becoming Star Housing Finance Limited on May 10, 2021. Initially based in Udaipur with a franchise business model, the company shifted its corporate office to Mumbai and moved to an in-house business model after a strategic partnership with Arkfin Investments Pvt. Ltd. in 2019.
The company is professionally managed by a team that includes Kalpesh Dave as Executive Director & CEO and Ashish Jain as Managing Director. Star HFL is listed on the Bombay Stock Exchange (BSE) and is registered with the National Housing Bank (NHB). Its primary business is providing long-term housing finance to individuals in the Economically Weaker Section (EWS) and Low-Income Group (LIG). The business model focuses on originating retail home loans, with an average ticket size of around ₹10 lakh. Revenue is generated from interest on these loans.
Star HFL offers a variety of loan products, including those for the purchase or construction of new and resale homes, home improvement or extension, and composite loans for plot purchase and construction. The company has expanded its operations across several Indian states, including Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, and Tamil Nadu. Since 2020, the company has strategically shifted its focus almost entirely to retail housing loans, which constituted 98.5% of its Assets Under Management (AUM) as of June 30, 2024.
Keywords: housing finance, affordable housing, rural finance, home loans, low-income group finance, EWS housing, mortgage lending, retail lending, Indian financial services, construction loans, property finance, home improvement loans, real estate finance, rural banking, micro-mortgage