By a Staff Reporter: APTUS VALUE HOUSING FINANCE INDIA LTD - IPO - Review
Aptus Value Housing Finance India Ltd (AVHFIL) is an entirely retail focussed
housing finance company primarily serving low and middle income selfemployed
customers in the rural and semi-urban markets of India.
According to the CRISIL Report, company had the highest RoA of 5.7%
among the Peer Set during the financial year 2021. It is one of the largest
housing finance companies in south India in terms of AUM, as of March 31,
2021 (Source: CRISIL Report). It was founded by one of its Promoters,
Chairman and Managing Director, M. Anandan in 2010. M. Anandan, has
over 40 years of experience in the financial services sector, and has
previously served as the managing director of Cholamandalam Investment
and Finance Company Limited, part of the Murugappa Group and was also
managing director of Cholamandalam MS General Insurance Company
Limited. Its marquee shareholders include WestBridge Crossover Fund, LLC,
Malabar India Fund Limited, SCI Investments VI, Madison India
Opportunities IV and Steadview Capital Mauritius Limited.
Post issue Promoter shareholding will be 72.23%.
Source : Eureka
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