Aptus Value Housing Finance Company Profile : Products,Promoters and Clients

Aptus Value Housing Finance India Ltd 

This is a home loan company focused on serving the housing finance needs of self-employed individuals from low and middle-income families in semi-urban and rural markets. Despite significant growth in the housing finance sector, India still faces severe housing shortages, particularly among the self-employed in semi-urban areas. Addressing the needs of these underserved customers is crucial.

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Q1. What are the Product and service offerings of the Aptus Value Housing?

• Aptus provide Housing Loans for home construction, purchasing, and renovations.
• Business Loans are available, leveraging self-owned property as collateral (up to 60% of its value).
• Quasi Home Loans, up to Rs. 25 lakhs, support construction or house purchase refinancing.
• Insurance Support includes Credit Shield and Property Insurance through collaborations. 

Q2. Who are the Promoters/Management of the Aptus Value Housing?

Manoharan C T, Executive Director & Chief Business Officer (ED & CBO), brings over 24 years of expertise in the Housing Finance Industry. He joined Aptus in June 2010, following roles at Can Fin Homes and Dewan Housing, spanning sales, channel management, and credit. 

With comprehensive experience across sales, channel and distribution management, credit policy formulation, and legal and technical aspects of housing finance, he oversees diverse operations encompassing Business Development, Sales & Marketing, Training, and Budgeting. Manoharan holds a Post Graduate Degree in Physics from Calicut University and has completed a Financial Management certificate course with ICFAI. 

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Balaji P serves as the Managing Director of our Company. He initially joined Aptus as the CFO in August 2010. Prior to this, he held positions at Bombay Dyeing and Manufacturing Company Limited, Hutchison Max Telecom Limited, Cholamandalam MS General Insurance Company Limited, and SKS Microfinance Limited. With a bachelor’s degree in commerce from the University of Madras and membership in the Institute of Chartered Accountants of India, he brings extensive experience spanning textiles, telecom, and finance sectors.

Sankaran Krishnamurthy serves as an Independent Director on our Company's Board. Holding a bachelor’s degree in science from the University of Madras and certification from the Indian Institute of Bankers, he brings vast experience. With over 38 years at State Bank of India, including as former Deputy Managing Director, and as former Managing Director and CEO of SBI Life Insurance Company Limited, he offers valuable insights. Additionally, he sits on the board of our subsidiary, Aptus Finance India Private Limited.

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Q3. Who are the Clients of the Aptus Value Housing?

The company's clients represent a diverse income stream with a niche focus. They include:

·        Home Loans (69%)

·        Quasi Home Loans (23%)

·        Insurance Loans (4%)

·        Top-up Loans (4%)

The majority of clients are from the Low-Income Group (LIG), accounting for over 93%. Self-employed borrowers are prominent, with a rural focus and an average loan size of less than Rs. 10 lakhs.

Assets under management:

·        HFC: Rs. 6,759 crores

·        NBFC: Rs. 1,963 crores

·        Consolidated AUM: Rs. 8,722 crores.

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