Aavas Financiers
 |
| Company type | Public |
|---|---|
| ISIN | INE216P01012 |
| Industry | Financial services |
| Founded | February 2011 |
| Headquarters | , |
Area served | India |
Key people |
|
| Website | www |
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 with the name of “Au Housing Finance Private Limited”. 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 Sushil Kumar Agarwal 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 Dec 2021, Aavas has 298 branches operating in 13 states of India.[23][24]
In March 2022, Aavas was recognized by the Great Place to Work® Institute as among the best companies to work in India.[25]
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.[26][27]
References
- ^ "Aavas Financiers to raise ₹100 crore through NCDs". @businessline. Archived from the original on 2020-12-25. Retrieved 2021-03-19.
- ^ Baid, Gautam (2021-03-19). 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 2021-03-19.
- ^ "Aavas Financiers Ltd - Company Profile and News". Bloomberg.com. Retrieved 2021-03-19.
- ^ "IFC to invest $40 mn in Aavas Financiers | M&A Critique". 2017-05-09. Retrieved 2021-03-19.
- ^ Limited, Aavas Financiers. "Aavas Financiers Ltd - Home Loan, Housing Loan Finance Company in India". www.aavas.in. Archived from the original on 2018-12-19. Retrieved 2021-03-19.
{{cite web}}:|last=has generic name (help) - ^ "Aavas Financier's CEO Sushil Kumar Agarwal speaks on gratifying Q4 performance". www.timesnownews.com. Retrieved 2021-03-19.
{{cite web}}: CS1 maint: url-status (link) - ^ "Aavas Financiers Raises Rs 520 Cr From 34 Anchor Investors, IPO Opens On September 25". Moneycontrol. Archived from the original on 2018-09-24. Retrieved 2021-03-19.
- ^ "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 2020-05-29. Retrieved 2021-03-19.
- ^ "Aavas Financiers' IPO: Here's All You Need To Know". BloombergQuint. Retrieved 2021-03-19.
- ^ "Aavas raises Rs 200 cr from UK's CDC group". Business Standard India. Press Trust of India. 2018-12-20. Retrieved 2021-03-19.
- ^ www.ETRealty.com. "Aavas Financiers raises Rs 200 crore from UK's CDC Group - ET RealEstate". ETRealty.com. Retrieved 2021-03-19.
- ^ ANI (2019-09-17). "Aavas Financiers raises Rs 345 crore from IFC through NCDs". Business Standard India. Retrieved 2021-03-19.
- ^ "Affordable housing financier Aavas gets Rs 345 cr funding from IFC". Outlook India. Retrieved 2021-03-19.
{{cite web}}: CS1 maint: url-status (link) - ^ www.ETRealty.com. "IFC invests Rs 345 crore in Aavas Financiers - ET RealEstate". ETRealty.com. Retrieved 2021-03-19.
- ^ "Affordable housing firm Aavas gets $60m ADB loan". @businessline. Archived from the original on 2020-04-02. Retrieved 2021-03-19.
- ^ Market, Capital (2020-03-30). "Aavas Financiers gains on securing ADB loan to boost housing finance in India". Business Standard India. Retrieved 2021-03-19.
{{cite news}}: CS1 maint: url-status (link) - ^ "Kedaara-backed Aavas Financiers to raise loan from Asian Development Bank". VCCircle. 2021-03-19. Archived from the original on 2020-11-27. Retrieved 2021-02-18.
- ^ 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 2020-12-07. Retrieved 2021-03-19.
- ^ "New project to help catalyse affordable green housing finance in India". Energy Live News. 2021-03-19. Archived from the original on 2020-12-04. Retrieved 2021-02-18.
- ^ admin (2021-03-19). "IFC signs agreement for affordable green housing in India". GreentechLead. Archived from the original on 2020-12-03. Retrieved 2021-02-18.
- ^ Sharma, Sandeep Ravidutt (2021-03-19). ProjectX India: 15th December 2020 | Tracking Multisector Projects from India. Sandeep Ravidutt Sharma.
- ^ "Statement of consolidated unaudited financial results for the quarter and nine months ended December 31, 2021 published in Financial Express Epaper 04 Feb 2022". Financial Express. Retrieved 2021-02-04.
- ^ "Aavas Financiers Limited: [ICRA]AA-(Stable) rating assigned". 2021-03-19.
{{cite news}}: CS1 maint: url-status (link) - ^ "Aavas Financiers Ltd is now Great Place to Work-Certified". ThePrint. Retrieved 2022-03-29.
- ^ "Aavas Financiers Listing Information - The Economic Times". economictimes.indiatimes.com. Retrieved 2021-03-19.
- ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 2021-03-19.