Shriram Housing Finance
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3% above
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About Shriram Housing Finance
Shriram Housing Finance Limited (SHFL) functions as a housing finance entity duly registered with the National Housing Bank (NHB). We hold affiliation with the esteemed Shriram Group, an organization boasting a rich legacy spanning nearly five decades.
The foundation of the Shriram Group was established by eminent industry stalwarts, namely Ramamurthy Thyagarajan, AVS Raja, and T. Jayaraman. Commencing its journey as a chit fund enterprise, the conglomerate attained tremendous success, diversifying its endeavors across various verticals namely Commercial Vehicle Financing, Consumer and Enterprise Finance, Retail Stock Broking, as well as the distribution of Investment and Insurance products.
SHFL was incorporated on 9th November 2010. On the 4th of August 2011, the company procured its Certificate of Registration from the National Housing Bank (NHB), a necessary step stipulated by Section 29A of the National Housing Bank Act of 1987. The chief operational focus of the organization resides in providing loans for the acquisition or development of residential properties, alongside extending loans against property.
It is with a sense of gratification that we convey that Shriram Housing Finance Limited (SHFL) has remained committed to its mission of helping individuals achieve their homeownership dreams. Seeing our happy customers is our greatest reward. We consider them part of the family.
Shriram Housing Finance has achieved the significant milestone of surpassing Rs.14000 Cr. as on June 30, 2024 in AUM and is now the third-largest affordable housing company.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.8/5 based on 550 reviews | 3.9/5 based on 39.2k reviews | 3.8/5 based on 1k reviews | 4.0/5 based on 408 reviews |
Highly Rated for | No highly rated category | Job security Skill development | No highly rated category | Job security Salary Skill development |
Critically Rated for | No critically rated category | Promotions | Promotions | No critically rated category |
Primary Work Policy | Work from office 91% employees reported | Work from office 84% employees reported | Work from office 88% employees reported | Work from office 79% employees reported |
Rating by Women Employees | 3.8 Good rated by 60 women | 3.7 Good rated by 8.1k women | 3.8 Good rated by 131 women | 4.1 Good rated by 68 women |
Rating by Men Employees | 3.8 Good rated by 471 men | 3.9 Good rated by 29.1k men | 3.8 Good rated by 856 men | 4.0 Good rated by 302 men |
Job security | 3.6 Good | 4.0 Good | 3.7 Good | 4.0 Good |
Shriram Housing Finance Salaries
Branch Sales Manager
Branch Manager
Branch Credit Manager
Relationship Manager
Deputy Manager
Area Sales Manager
Sales Manager
Credit Manager
Branch Collection Manager
Credit Officer
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Shriram Housing Finance is now “Truhome Finance”
- Shriram Housing Finance has rebranded itself as Truhome Finance.
- The rebranding follows the completion of the sale of Shriram Finance's stake in its affordable housing finance subsidiary to Warburg Pincus.
- The leadership team and contact information of Truhome Finance will remain unchanged.
- The new brand identity reflects the organization's commitment to trueness and driving financial inclusion.
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Stocks that will see action today: January 16
- US-based Ponzi investigator is winding up operations after completing cases and charging nearly 100 individuals.
- Shriram Housing Finance rebrands as Truhome Finance after acquisition by Warburg Pincus.
- Welspun Corp signs pact with Saudi Aramco to establish a pipe manufacturing facility in Saudi Arabia.
- Exide Industries invests Rs 149.99 crore in subsidiary EESL, focusing on EV battery market.
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HDFC Bank, Aditya Birla Cap Among Macquarie's Top Picks As It Sees Stable FY26 For Finance Firms
- Indian finance companies expected to report stable performance in FY26 with better loan growth, slight margin moderation, and stable credit costs and operating expenditure ratios.
- Macquarie's top picks include HDFC Bank, ICICI Bank, Aditya Birla Capital, Power Finance Corp., Shriram Housing Finance, and Life Insurance Corp.
- Large private banks expected to deliver 14-19% core earnings per share CAGR (FY25F-FY27F) with 16-17% return on equity.
- Macquarie notes risk for PSU banks in higher impact on credit loss norms and loss of market share in deposits.
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PE players flock to HFC space on higher growth potential
- Private equity players are increasingly showing interest in housing finance companies (HFCs) and affordable housing.
- Notable investments include Warburg Pincus acquiring a stake in Shriram Housing Finance, Vastu HFC raising funds from Prosus, and Easy Home Finance securing funding from Claypond Capital and Sumitomo Mitsui Banking Corporation.
- TPG Global and Adani Group have also made significant deals in the HFC space.
- The housing finance industry in India is expected to grow from ₹32-33 lakh crore to ₹50 lakh crore in the next 4-5 years, driven by government initiatives and structural factors.
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NBFCs Sector Check - Turbulence In The Near Term But Fundamentals Still Robust: Motilal Oswal
- Motilal Oswal Financial Services expects turbulence in the near term for the NBFCs sector but believes that the fundamentals are still robust.
- Cholamandalam and Shriram Housing Finance, two large-cap NBFCs, have experienced a decline of 9% and 4% respectively over the last three months.
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