June 26, 2017 12:44 AM ET

Thrifts and Mortgage Finance

Company Overview of Aadhar Housing Finance Ltd.

Company Overview

Aadhar Housing Finance Ltd. provides housing finance to the lower and middle income segments. It offers home loans for salaried employees; home loans for self-employed; loans for plot purchase or/and construction; home improvement loans; home extension loans; loans against property; and balance transfer and top up loans. The company was incorporated in 2010 and is based in Mumbai, India. Aadhar Housing Finance Ltd. operates as a subsidiary of Wadhawan Global Capital Pvt Ltd.

201, Raheja Point -1

Near Shamrao Vitthal Bank

Nehru Road, Vakola

Santacruz (East)

Mumbai,  400055

India

Founded in 2010

Phone:

91 22 3950 9900

Fax:

91 22 3950 9934

Key Executives for Aadhar Housing Finance Ltd.

Chief Executive Officer
Founder and Chairman
Age: 42
Compensation as of Fiscal Year 2016.

Aadhar Housing Finance Ltd. Key Developments

Dewan Housing Seeks To Sell Majority Stake In Aadhar Housing

Dewan Housing Finance Corporation Limited (BSE:511072) reportedly is seeking to sell a majority stake in Aadhar Housing Finance Ltd.

Aadhar Housing Finance Private Limited Announces Audited Standalone Earnings Results for the Half Year and Year Ended March 31, 2016

Aadhar Housing Finance Private Limited announced audited standalone earnings results for the half year and year ended March 31, 2016. For the half year, the company reported net sales/income from operations INR 1,168.831 million against INR 646.739 million a year ago. Total income from operations was INR 1,168.831 million against INR 646.739 million a year ago. Profit from operations before other income, and exceptional items were INR 152.196 million against loss from operations before other income, and exceptional items of INR 4.848 million a year ago. Profit from ordinary activities before tax was INR 190.436 million against INR 54.280 million a year ago. Net profit from ordinary activities after tax was INR 125.765 million against INR 36.018 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.26 against INR 0.36 a year ago. For the year, the company reported net sales/income from operations INR 2,021.675 million against INR 1,114.891 million a year ago. Total income from operations was INR 2,021.675 million against INR 1,114.891 million a year ago. Profit from operations before other income, and exceptional items were INR 149.841 million against loss from operations before other income, and exceptional items of INR 17.725 million a year ago. Profit from ordinary activities before tax was INR 289.649 million against INR 87.464 million a year ago. Net profit from ordinary activities after tax was INR 186.833 million against INR 57.923 million a year ago. Basic and diluted earnings per share before and after extraordinary items were INR 1.87 against INR 0.58 a year ago.

Aadhar Housing Finance Private Limited, Board Meeting, Apr 25, 2016

Aadhar Housing Finance Private Limited, Board Meeting, Apr 25, 2016. Agenda: To consider the audited standalone earnings results for the half year and year ended March 31, 2016.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 28, 2016
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