Aavas Financiers

From Wikipedia, the free encyclopedia
Aavas Financiers Limited
TypePublic
Traded as
ISININE216P01012
IndustryFinancial services
FoundedFebruary 2011
Headquarters
Jaipur
,
India
Area served
India
Key people
  • Sushil Kumar Agarwal
    (Managing Director & CEO)
  • Ghanshyam Rawat(CFO)
Websitewww.aavas.in

Aavas Financiers, also known as Aavas, is a Jaipur based housing finance company known for providing home loans in the rural and semi-urban locations of India.[1][2] Aavas is registered with National Housing Bank as a Housing Finance Company and was granted the license in August 2011.[3][4]

History[]

Aavas was incorporated in February, 2011 with the name of “Au Housing Finance Private Limited”. It formally started its operations in March 2012.[5] The name of the company was changed to “Aavas Financiers Limited" in March, 2017.[6] Presently the company is headed by Sushil Kumar Agarwal as the MD and CEO.[7]

The company issued its IPO in October 2018.[8][9][10] Shortly after issuing IPO CDC group, United Kingdom has invested Rs. 200 Crore in Aavas.[11][12]

In September 2019, the company received Rs 345 crore investment from International Finance Corporation, a member of the World Bank Group.[13][14][15] In March 2020, Aavas signed an agreement with Asian Development Bank for receiving loan amount of $60 million specially targeting towards the 'women in lower income group'.[16][17][18] In December 2020, to promote the concept of Green Housing, International Finance Corporation signed an agreement with the company.[19][20][21][22] As of March 2021, Aavas has 277 branches operating in 11 states of India.[23][24]

Stock Exchange Listings[]

The equity shares of Aavas are listed on Bombay Stock Exchange where it is a constituent of the BSE 150 Midcap, and the National Stock Exchange of India where it is a constituent of Nifty Midcap 150.[25][26]

References[]

  1. ^ "Aavas Financiers to raise ₹100 crore through NCDs". @businessline. Retrieved 2021-03-19.
  2. ^ Baid, Gautam (2021-03-19). The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated. Columbia University Press. ISBN 978-0-231-55211-0.
  3. ^ "AAVAS.IN | Aavas Financiers Ltd. Company Profile & Executives - WSJ". www.wsj.com. Retrieved 2021-03-19.
  4. ^ "Aavas Financiers Ltd - Company Profile and News". Bloomberg.com. Retrieved 2021-03-19.
  5. ^ "IFC to invest $40 mn in Aavas Financiers | M&A Critique". 2017-05-09. Retrieved 2021-03-19.
  6. ^ Limited, Aavas Financiers. "Aavas Financiers Ltd - Home Loan, Housing Loan Finance Company in India". www.aavas.in. Retrieved 2021-03-19.
  7. ^ "Aavas Financier's CEO Sushil Kumar Agarwal speaks on gratifying Q4 performance". www.timesnownews.com. Retrieved 2021-03-19.
  8. ^ "Aavas Financiers Raises Rs 520 Cr From 34 Anchor Investors, IPO Opens On September 25". Moneycontrol. Retrieved 2021-03-19.
  9. ^ "Aavas Financiers IPO Review - Aavas Financiers IPO Dates, Issue Price, Subscription and Allotment Status - The Economic Times". economictimes.indiatimes.com. Retrieved 2021-03-19.
  10. ^ "Aavas Financiers' IPO: Here's All You Need To Know". BloombergQuint. Retrieved 2021-03-19.
  11. ^ "Aavas raises Rs 200 cr from UK's CDC group". Business Standard India. Press Trust of India. 2018-12-20. Retrieved 2021-03-19.
  12. ^ www.ETRealty.com. "Aavas Financiers raises Rs 200 crore from UK's CDC Group - ET RealEstate". ETRealty.com. Retrieved 2021-03-19.
  13. ^ ANI (2019-09-17). "Aavas Financiers raises Rs 345 crore from IFC through NCDs". Business Standard India. Retrieved 2021-03-19.
  14. ^ "Affordable housing financier Aavas gets Rs 345 cr funding from IFC". Outlook India. Retrieved 2021-03-19.
  15. ^ www.ETRealty.com. "IFC invests Rs 345 crore in Aavas Financiers - ET RealEstate". ETRealty.com. Retrieved 2021-03-19.
  16. ^ "Affordable housing firm Aavas gets $60m ADB loan". @businessline. Retrieved 2021-03-19.
  17. ^ Market, Capital (2020-03-30). "Aavas Financiers gains on securing ADB loan to boost housing finance in India". Business Standard India. Retrieved 2021-03-19.
  18. ^ "Kedaara-backed Aavas Financiers to raise loan from Asian Development Bank". VCCircle. 2021-03-19. Retrieved 2021-02-18.
  19. ^ www.ETEnergyworld.com. "IFC, Aavas Financiers sign pact for affordable green housing finance for low-income borrowers - ET EnergyWorld". ETEnergyworld.com. Retrieved 2021-03-19.
  20. ^ "New project to help catalyse affordable green housing finance in India". Energy Live News. 2021-03-19. Retrieved 2021-02-18.
  21. ^ admin (2021-03-19). "IFC signs agreement for affordable green housing in India". GreentechLead. Retrieved 2021-02-18.
  22. ^ Sharma, Sandeep Ravidutt (2021-03-19). ProjectX India: 15th December 2020 | Tracking Multisector Projects from India. Sandeep Ravidutt Sharma.
  23. ^ "India's housing finance company Aavas Financiers completes its 10th year Anniversary". ANI News. Retrieved 2021-03-19.
  24. ^ "Aavas Financiers Limited: [ICRA]AA-(Stable) rating assigned". 2021-03-19.
  25. ^ "Aavas Financiers Listing Information - The Economic Times". economictimes.indiatimes.com. Retrieved 2021-03-19.
  26. ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 2021-03-19.
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