Aadhar Housing Finance Ltd. Company History and Annual Growth Details

Our Company was originally incorporated as ‘Vysya Bank Housing Finance Limited’ at Bengaluru, Karnataka as a public company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 26, 1990, issued by the RoC and commenced operations pursuant to a certificate for commencement of business dated November 27, 1990, issued by the RoC. Subsequently, the name of our Company was changed to ‘DHFL Vysya Housing Finance Limited’ and a fresh certificate of incorporation dated October 15, 2003, was issued by the RoC. The use of the word “Bank” was discontinued upon the change in ownership and management pursuant to the share purchase agreement entered into by ING Vysya Bank Limited,Dewan Housing Finance Corporation Limited and the Company.

Separately, an entity named ‘Aadhar Housing Finance Private Limited’ (“Pre-merger AHFPL”) was incorporated as a private limited company under the Companies Act, 1956, at Mumbai, Maharashtra pursuant to a certificate of incorporation dated May 3, 2010, issued by the Registrar of Companies, Maharashtra at Mumbai, which commenced its operations in February 2011. Pre-merger AHFPL was later converted into a public company and consequently, its name was changed to ‘Aadhar Housing Finance Limited’, and a fresh certificate of incorporation dated September 3, 2013 was issued by the Registrar of Companies, Maharashtra at Mumbai. Pre-merger AHFPL was later merged into our Company pursuant to a scheme of amalgamation approved by the National Company Law Tribunal, Bengaluru Bench at Bengaluru, vide its order dated October 27, 2017 (“Scheme of Amalgamation”). Pursuant to the Scheme of Amalgamation, the name of our Company was changed to ‘Aadhar Housing Finance Limited’ and a fresh certificate of incorporation dated December 4, 2017, was issued by the RoC.

Major Events:

1991

-Incorporation of our Company

2018

-Merger of Pre-merger AHFPL with our Company. Pursuant to the Scheme of Amalgamation, the name of our Company was changed to Aadhar Housing Finance Limited

-Disbursed loans worth ? 6 billion in March 2018

2019

-Our AUM crossed ? 100 billion

-Raised approximately ? 7 billion through a maiden public offering of NCDs

2020

-BCP Topco, our Promoter, infused ?14.4 billion in our Company

-Our customer base crossed 150,000

2021

-Our AUM crossed ? 120 billion

2022

-Our customer base crossed 200,000 customers

2023

-Our AUM crossed ? 170 billion

-Our branch network has crossed 470 branches