Poonawalla Housing Finance Limited has been rebranded as Grihum Housing Finance Limited. Global private equity firm TPG acquired a 99.02% equity stake in the Company from Poonawalla Fincorp Limited earlier this year.
All necessary regulatory approvals for the name change have been received. GHFL also achieved a significant milestone of reaching ₹7,500 crores in Assets Under Management growing at a CAGR of 28% over the last six years. Its customer base rose to over 75,000, served by a network of 195 branches strategically positioned for deeper outreach across geographies. The Company’s bolstered net worth of over ₹1,800 crore provides it the headroom to scale up the business potential and manage leverages effectively.
A host of factors have placed GHFL and the affordable housing sector on an upward trajectory. India’s last-mile connectivity is expanding, leading to physical and digital infrastructure advancements and robust payment modules.The country’s demographic dividend remains a powerful driving force behind brisk structural economic growth, particularly in semi-urban, peri-urban and rural markets.
Speaking on the rebranding, Mr. Manish Jaiswal, Managing Director and Chief Executive Officer, Grihum Housing Finance Limited,said, “ We are dedicated to fostering collaboration and unity in creating the cherished space of “Dream Home” for our customers, many of whom are self-made individuals and micro-entrepreneurs in the semi-urban, peri-urban and rural regions of the country. We endeavor to impact at least a million lives and so far we have reached one-thirdin this journey”.