What we do Star Housing Finance Ltd is a Mumbai-headquartered, affordable housing finance company serving economically weaker and middle-income groups in India with home loans and developer project finance. |
Founded in 2,005 |
Market share Growing presence with over Rs. 570 crore AUM, 35 branches across six states, focusing on underserved semi-urban and rural housing finance markets. |
Problem solved Provides accessible and affordable housing loans to EWS, LIG, and MIG households lacking formal credit access, facilitating first-time home ownership. |
Top clients or who we serve Primarily low and middle-income first-time home buyers, self-employed individuals, and small developers in semi-urban and rural India (B2C and B2B). |
Key management Led by housing finance professionals with 200+ years combined experience, including ex-NHB, ex-LIC, and ex-IDBI executives. |
Our journey and innovations Founded in 2005, transformed from promoter-driven to professionally managed; expanded geographically and enhanced digital loan processing via cloud-based LOS LMS platform. |
Where we operate Operates in Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, and NCR region with 35 branches as of 2025. |
Top products or what we offer Retail home loans up to Rs. 25 lakhs, project loans for developers under 2%, loan against property, renovation and extension loans. |
Top brands Star HFL housing loans: competitive in affordable housing segment, #1 focus on EWS/LIG homebuyers, consistent asset quality with GNPA ~1.8%. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue predominantly recurring through interest on housing finance loans. |
Our industry position Among emerging affordable housing financiers with growing assets and market reach; rated BBB with stable outlook by multiple agencies. |
Financial highlights FY 2024-25 revenue Rs. 92.55 Cr, PAT Rs. 11.1 Cr, AUM Rs. ~570 Cr, net worth Rs. 146 Cr, GNPA 1.84%, robust capital adequacy at 50.55%. |
Geographical revenue split Revenue and operations concentrated in six Indian states, focusing on semi-urban and rural segments. |
Order book - |
Whats driving growth Growth driven by expanding branch network, strong funding from banks, refined underwriting, digital lending platform, and co-lending partnerships. |
Our future plans Enhance retail loan focus, increase online loan applications, expand branch operations, deepen rural penetration, and maintain strong risk management. |
Our green promise Committed to ethical business and social initiatives via CSR activities; no specific environmental programs disclosed. |
Our people and values Workforce of 266 employees with emphasis on functional training, diversity, ethical practices, and inclusive workplace culture. |
Key challenges ahead Managing asset quality risks, regulatory compliance, competitive pricing pressures, and expanding credit access in challenging rural markets. |
Interesting facts Transitioned from Excel-based environment to cloud-based loan management; partnerships with Jaguar Software and strategic co-lending with Vastu HFC. |
Risks and strategy Mitigates credit and market risks through strong risk management committee, layered approvals, diversification of funding and geographic expansion. |
