Incorporated in 2009, Aptus Value Housing is a retail-focused housing finance company that primarily serves low and middle-income self-employed customers in the rural and semi-urban markets of India. As per the CRISIL report, it is one of the largest housing finance companies in South India in terms of AUM of 37,909.31 million as of December 31, 2020.
The company offers home loans to retail customers to purchase homes, construct residential property, house improvement and extension, loans against property, and business loans. It undertakes all types of lending activities such as sourcing, underwriting, valuation, and legal assessment of collateral, the credit assessment, and collection. As of December 31, 2020, the total home loans accounted for 51.76% of AUM. As of December 31, 2020, 99.42% of the AUM was from customers belong to the low and middle-income group with a monthly income of less than Rs. 50,000.
Competitive Strengths:
One of the largest housing finance companies in South India in terms of AUM.
A strong network of 181 branches across 75 districts and union territory of Puducherry.
Presence in large, underpenetrated market with strong growth potential.
Robust credit risk management from origination to collections leading to assure strong asset quality.
Established financial performance track record.
Company Promoters: M. Anadan, Padma Anandan, and Westbridge Crossover Fund, LLC are the company promoters.
Company Financials
Particulars
For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated)
31 March 2021
31 March 2020
31 March 2019
Total Assets
45,202
37,467
23,277
Total Revenue
6,552
5,237
3,371
Profit After Tax
2,669
2,110
1,115
Objects of the Issue:
To augment company's capital base to meet future capital requirements.
To meet issue related expenditures.
To achieve share listing benefits on the stock exchanges.
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