IIFL Home Finance Surpasses Rs 35,000 Cr AUM Milestone In FY2024

IIFL Home Finance, a prominent player in India's affordable housing finance sector, revealed its financial results for the fiscal year ending 31 March 2024, during its annual board meeting. The company showcased remarkable performance across various key parameters, indicating robust growth and market leadership.

In FY2023, IIFL Home Finance witnessed financial performance across various key parameters. The Assets Under Management (AUM) experienced a significant surge, surpassing the notable milestone of Rs 35,000 crore.

In the home loans segment, IIFL Home Finance demonstrated robust performance with several key metrics and achievements. The company continued to provide accessible and affordable home financing solutions to a diverse range of customers, contributing to its overall growth. Additionally, the company's women borrowers' scheme, Shakti, witnessed significant traction, empowering female homebuyers and promoting gender inclusivity in the housing finance sector. Through Shakti, IIFL Home Finance aimed to cater specifically to the financial needs of women borrowers, offering them competitive loan terms and personalised services.

Furthermore, the Loan Against Property (LAP) business of IIFL Home Finance showcased strong performance highlights, with a steady increase in disbursements and portfolio quality. The LAP segment played a crucial role in diversifying the company's lending portfolio and strengthening its asset base.

Overall, across its various segments, IIFL Home Finance demonstrated resilience and agility, positioning itself as a leading player in the housing finance industry.

Monu Ratra, CEO of IIFL Home Finance, expressed his views on the stellar performance, stating, "Our robust performance in FY2023 underscores our steadfast commitment to financial inclusion and providing affordable housing solutions. Through our technology-driven approach and customer-centric products, we have successfully expanded our reach and fulfilled the housing aspirations of India's underserved population. Moving forward, we remain dedicated to our affordable housing agenda while concurrently emphasising our green housing portfolio."
The company's relentless focus on financial inclusion and customer-centric approach has been instrumental in achieving this significant milestone, solidifying its position as a leader in India's affordable housing finance sector.