manappuram home finance ltd

Manappuram Home Finance Limited. (MAHOFIN) is a dedicated subsidiary of Manappuram Finance Limited. that has been set up to cater to the affordable housing space. Its overall objective is to provide options for affordable home finance, majorly distributed in the outskirts of metros, tier 2 and tier 3 cities. Our companys customer acquisition strategy focusses on the teams ability to understand the needs of the customer, his net worth and financial limits. Our management team is made up of seasoned people with core domain expertise and who possess mature appraisal methodologies and product structuring solutions that are friendly for a customer to manage. In combination with its 35 branches the growth of the home loan business and LAP will be based on fresh lead generation and on the cross selling within the Manappuram groups network of branches and regional points of contact. By the end of FY 17, MAHOFIN achieved a loan size of INR 3,104 million. The business grew by 142% YoY and the loan portfolio has so far faced minimal delinquency and NPAs held down to 1.5%. Going forward, MAHOFIN is ready with its team, products and branches to grow the loan book size steadily to touch INR 8,000 million plus in FY 18. Going forward, with strong demand, professional management, strong brand and network support of the parent, MAHOFIN remains focused on delivering results responsibly and achieving steady growth of business.