What we do Reliance Home Finance Ltd provides housing finance services including home loans, affordable housing loans, loans against property, and construction finance in India. |
Founded in 2,008 |
Market share A significant player in Indian housing finance with assets under management peaking above Rs 18,000 crore before transitioning business in 2023. |
Problem solved Facilitates home ownership and property financing, addressing housing finance needs and affordable housing access. |
Top clients or who we serve Retail customers seeking home and property loans, B2C finance solutions primarily in Indian housing sector. |
Key management - |
Our journey and innovations Founded in 2008 under Reliance Capital, showed rapid growth till 2019, faced financial stress post-IL&FS crisis, resolved via restructuring in 2023. |
Where we operate Primarily India, with focuses on urban and affordable housing finance markets. |
Top products or what we offer Home loans, construction finance loans, loans against property, and affordable housing finance products. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely from interest income on loans, mostly recurring until business demerger in 2023. |
Our industry position Once a key housing finance company under Reliance Group, with declining footprint due to financial restructuring and asset transfer. |
Financial highlights FY2023 revenue Rs 391 crore, profit Rs 5419 crore (including resolution related items), AUM reduced to zero post business transfer. |
Geographical revenue split Entire revenue generated from Indian market. |
Order book - |
Whats driving growth Earlier growth driven by increasing housing demand and financial inclusion; recently by resolution plan and industry restructuring. |
Our future plans Company approved voluntary liquidation post asset transfer; no active housing finance operations going forward. |
Our green promise - |
Our people and values Focused on corporate governance and compliance; details on employee base not prominent post business transfer. |
Key challenges ahead Legacy financial stress, regulatory compliance, reputation recovery, and executing orderly winding down of operations. |
Interesting facts Received Supreme Court approval for resolution plan in 2023; executed full business transfer to new investor entity. |
Risks and strategy High financial stress and regulatory risks mitigated via resolution plan and asset transfer to Reliance Commercial Finance Ltd. |
