Aavas Financiers

Aavas Financiers, also known as Aavas, is a housing finance company headquartered in Jaipur[1], Rajasthan. Founded on February 23, 2011, it provides home loan in rural and semi-urban locations across India.[2]

As of 2026, the company maintains 443 branches spread across 11 states.[3][1]

History

Aavas was incorporated in February 2011. It formally started its operations in March 2012.[2]

In January 2013 the company was converted from Private Limited to Public Limited company.[1]

In March 2017, the name of the Company was changed to "AAVAS FINANCIERS LIMITED" vide a fresh Certificate of Incorporation (COI) dated 29th March 2017.[4]

The company issued its IPO in October 2018.[5][6][7] Shortly after the IPO, CDC Group invested ₹200 crore in Aavas.[8][9]

In September 2019, the company received ₹345 crore investment from International Finance Corporation, a member of the World Bank Group.[10][11][12] 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'.[13][14][15] In December 2020, to promote the concept of Green Housing, International Finance Corporation signed an agreement with the company.[16][17][18][19]

Operations

As of March 31, 2026, Aavas has 435 branches operating in 15 states and UT of India.[20][21] Presently the company is headed by Manu Singh as CEO.[22]

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.[23][24]

Governance

As of 2026, Aavas Financiers Board of Directors include[25]:

  • Mr. Vellur Gopalaraghavan Kannan - Chairperson and Independent Director
  • Mr. Vivek Anant Karve - Additional Non-Executive Independent Director
  • Mrs. Soumya Rajan - Independent Director
  • Mr. Siddharth Tapaswin Patel - Non-Executive Nominee Director
  • Mr. Rohit Ranjan - Non-Executive Nominee Director
  • Mr. Nikhil Omprakash Gahrotra - Non-Executive Nominee Director
  • Mrs. Neha Sureka - Non-Executive Nominee Director
  • Mr. Anant Jain - Non-Executive Nominee Director




References

  1. 1 2 3 https://www.aavas.in/
  2. 1 2 https://www.aavas.in/about-us
  3. ↑ https://www.aavas.in/overview
  4. ↑ https://www.aavas.in/about-us
  5. ↑ "Aavas Financiers Raises Rs 520 Cr From 34 Anchor Investors, IPO Opens On September 25". Moneycontrol. 24 September 2018. Archived from the original on 24 September 2018. Retrieved 19 March 2021.
  6. ↑ "Aavas Financiers IPO Review - Aavas Financiers IPO Dates, Issue Price, Subscription and Allotment Status - The Economic Times". economictimes.indiatimes.com. Archived from the original on 29 May 2020. Retrieved 19 March 2021.
  7. ↑ "Aavas Financiers' IPO: Here's All You Need To Know". BloombergQuint. 24 September 2018. Retrieved 19 March 2021.
  8. ↑ "Aavas raises Rs 200 cr from UK's CDC group". Business Standard India. Press Trust of India. 20 December 2018. Retrieved 19 March 2021.
  9. ↑ www.ETRealty.com. "Aavas Financiers raises Rs 200 crore from UK's CDC Group - ET RealEstate". ETRealty.com. Retrieved 19 March 2021.
  10. ↑ ANI (17 September 2019). "Aavas Financiers raises Rs 345 crore from IFC through NCDs". Business Standard India. Retrieved 19 March 2021.
  11. ↑ "Affordable housing financier Aavas gets Rs 345 cr funding from IFC". Outlook India. Retrieved 19 March 2021.
  12. ↑ www.ETRealty.com. "IFC invests Rs 345 crore in Aavas Financiers - ET RealEstate". ETRealty.com. Retrieved 19 March 2021.
  13. ↑ "Affordable housing firm Aavas gets $60m ADB loan". @businessline. 31 March 2020. Archived from the original on 2 April 2020. Retrieved 19 March 2021.
  14. ↑ Market, Capital (30 March 2020). "Aavas Financiers gains on securing ADB loan to boost housing finance in India". Business Standard India. Retrieved 19 March 2021.
  15. ↑ "Kedaara-backed Aavas Financiers to raise loan from Asian Development Bank". VCCircle. 19 March 2021. Archived from the original on 27 November 2020. Retrieved 18 February 2021.
  16. ↑ www.ETEnergyworld.com. "IFC, Aavas Financiers sign pact for affordable green housing finance for low-income borrowers - ET EnergyWorld". ETEnergyworld.com. Archived from the original on 7 December 2020. Retrieved 19 March 2021.
  17. ↑ "New project to help catalyse affordable green housing finance in India". Energy Live News. 19 March 2021. Archived from the original on 4 December 2020. Retrieved 18 February 2021.
  18. ↑ admin (19 March 2021). "IFC signs agreement for affordable green housing in India". GreentechLead. Archived from the original on 3 December 2020. Retrieved 18 February 2021.
  19. ↑ Sharma, Sandeep Ravidutt (19 March 2021). ProjectX India: 15th December 2020 | Tracking Multisector Projects from India. Sandeep Ravidutt Sharma.
  20. ↑ "Statement of audited financial results for the quarter and year ended March 31, 2026 published in Financial Express Epaper 06 May 2026".
  21. ↑ "Aavas Financiers Limited: [ICRA]AA-(Stable) rating assigned". 6 May 2026.
  22. ↑ "MarketWatch Aavas Financiers Profile". www.financialexpress.com. 3 May 2023. Retrieved 20 April 2026.
  23. ↑ "Aavas Financiers Listing Information - The Economic Times". economictimes.indiatimes.com. Retrieved 19 March 2021.
  24. ↑ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 19 March 2021.
  25. ↑ https://www.aavas.in/meet-my-team
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