From Wikipedia, the free encyclopedia
Jaipur based housing finance company
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. 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 Sachinder Bhinder 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 September 30, 2023, Aavas has 350 branches operating in 13 states of India.
[23]
[24]
Awards
In March 2023, Aavas was recognised as Best BFSI Brand at the ET Best BFSI Brands Conclave.
[25]
In August 2022, won Best NBFC award for the year 2020–21 at FE India's Best Banks Awards.[
citation needed ]
In March 2022, Aavas was recognized by the Great Place to Work® Institute as among the best companies to work in India.
[26]
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.
[27]
[28]
References
^
"Aavas Financiers to raise ₹100 crore through NCDs" . @businessline . 25 December 2020.
Archived from the original on 25 December 2020. Retrieved 19 March 2021 .
^ Baid, Gautam (19 March 2021).
The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated . Columbia University Press.
ISBN
978-0-231-55211-0 .
^
"AAVAS.IN | Aavas Financiers Ltd. Company Profile & Executives - WSJ" . www.wsj.com . Retrieved 19 March 2021 .
^
"Aavas Financiers Ltd - Company Profile and News" . Bloomberg.com . Retrieved 19 March 2021 .
^
"IFC to invest $40 mn in Aavas Financiers | M&A Critique" . 9 May 2017. Retrieved 19 March 2021 .
^ Limited, Aavas Financiers.
"Aavas Financiers Ltd - Home Loan, Housing Loan Finance Company in India" . www.aavas.in .
Archived from the original on 19 December 2018. Retrieved 19 March 2021 .
^
"MarketWatch Aavas Financiers Profile" . www.marketwatch.com . 3 May 2023. Retrieved 5 March 2023 .
^
"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 .
^
"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 .
^
"Aavas Financiers' IPO: Here's All You Need To Know" . BloombergQuint . 24 September 2018. Retrieved 19 March 2021 .
^
"Aavas raises Rs 200 cr from UK's CDC group" . Business Standard India . Press Trust of India. 20 December 2018. Retrieved 19 March 2021 .
^ www.ETRealty.com.
"Aavas Financiers raises Rs 200 crore from UK's CDC Group - ET RealEstate" . ETRealty.com . Retrieved 19 March 2021 .
^ ANI (17 September 2019).
"Aavas Financiers raises Rs 345 crore from IFC through NCDs" . Business Standard India . Retrieved 19 March 2021 .
^
"Affordable housing financier Aavas gets Rs 345 cr funding from IFC" . Outlook India . Retrieved 19 March 2021 .
^ www.ETRealty.com.
"IFC invests Rs 345 crore in Aavas Financiers - ET RealEstate" . ETRealty.com . Retrieved 19 March 2021 .
^
"Affordable housing firm Aavas gets $60m ADB loan" . @businessline . 31 March 2020.
Archived from the original on 2 April 2020. Retrieved 19 March 2021 .
^ 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 .
^
"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 .
^ 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 .
^
"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 .
^ 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 .
^ Sharma, Sandeep Ravidutt (19 March 2021).
ProjectX India: 15th December 2020 | Tracking Multisector Projects from India . Sandeep Ravidutt Sharma.
^
"Statement of consolidated unaudited financial results for the quarter and half year ended September 30, 2023 published in Financial Express Epaper 27 Oct 2023" . Financial Express . Retrieved 27 October 2023 .
^
"Aavas Financiers Limited: [ICRA]AA-(Stable) rating assigned" . 19 March 2021.
^
"Aavas Financiers Recognized as Best BFSI Brand at the ET Best BFSI Brands Conclave" . ThePrint . Retrieved 22 May 2023 .
^
"Aavas Financiers Ltd is now Great Place to Work-Certified" . ThePrint . Retrieved 29 March 2022 .
^
"Aavas Financiers Listing Information - The Economic Times" . economictimes.indiatimes.com . Retrieved 19 March 2021 .
^
"Stock Share Price | Get Quote | BSE" . www.bseindia.com . Retrieved 19 March 2021 .
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