Shriram Housing Finance

Shriram Finance's Q2 FY26 profit rose 7 per cent year-on-year to Rs 2,314 crore as total income surged 18 per cent and NPAs declined; the firm expects up to 20 per cent loan growth

Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Friday reported a 7 per cent increase in consolidated net profit at Rs 2,314 crore in the second quarter of the current fiscal year. The NBFC firm had earned a consolidated net profit of Rs 2,153 crore in the second quarter of the previous fiscal. Total income rose to Rs 11,921 crore in the quarter under review, from Rs 10,097 crore in the same period a year ago, Shriram Finance said in a regulatory filing. The NBFC firm earned an interest income of Rs 11,551 crore in the quarter as against Rs 9,815 crore in the same period a year ago. Total expenses also moved up to Rs 8,808 crore, as compared to Rs 7,345 crore in the same period in the previous fiscal. The company's asset quality improved with gross Non-Performing Assets (NPAs) declining to 4.57 per cent of gross advances as of September 30, 2025, from 5.32 per cent by the end of the second quarter of the previous fiscal. Net NPAs also moder

Truhome Finance (formerly known as Shriram Housing Finance) on Friday said it has received a fresh capital infusion of Rs 417 crore from its majority shareholder, US-based private equity firm Warburg Pincus. As the company recently crossed the Rs 20,000 crore in assets under management (AUM) milestone in September 2025, this investment strengthens the company's balance sheet and supports its next phase of expansion, Truhome Finance said in a regulatory filing. With this capital infusion, Truhome's net worth now exceeds Rs 4,000 crore, it said. Warburg acquired the company in December 2024, and following this round, their shareholding in the company now stands at 98.59 per cent, it said. Over the past two years, it said, Truhome has doubled its AUM from Rs 10,000 crore in August 2024 to Rs 20,000 crore in September 2025. The company has expanded its network to 200 branches with a dedicated team of nearly 5,000 employees serving customers across India, it said. Truhome Finance MD

Fitch Ratings on Tuesday upgraded Shriram Finance Ltd's rating reflecting sustained improvement in standalone profile in recent years, particularly in funding diversity, risk management, portfolio quality and profitability. Fitch Ratings has upgraded India-based Shriram Finance Ltd's (SFL) Long-Term Foreign-and Local-Currency Issuer Default Ratings (IDRs) to 'BB+', from 'BB', with a 'stable' outlook. It said SFL has demonstrated steady performance since merging with its sister company, Shriram City Union Finance Ltd (SCUF), in 2022. The ratings also reflect SFL's time-tested and established franchise in used commercial-vehicle financing, seasoned management team, established risk controls and adequate balance-sheet buffers. India's robust medium-term growth potential and large, diversified economy should continue to support non-bank financial institutions' (NBFIs) business prospects and profitability in the medium-term. "The upgrade reflects sustained improvement in SFL's standalon

As and when the RBI comes out with a roadmap, we will relook at the way we do business and make the necessary changes, Umesh Revankar, Executive Vice-Chairman, Shriram Finance said

Says he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating

The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,630-crore deal, wherein private equity major Warburg Pincus will acquire Shriram Finance's arm Shriram Housing Finance. "The proposed combination envisages inter alia the acquisition of shareholding in Shriram Housing Finance Ltd by Mango Crest Investment Ltd," CCI said in a release. Mango Crest Investment Ltd undertakes investment holding activities. It is an affiliate of US-based Warburg Pincus. Shriram Housing Finance Ltd is a housing finance company registered with the National Housing Bank. In May this year, financial services firm Shriram Finance announced the sale of its housing finance arm to private equity major Warburg Pincus for Rs 4,630 crore to focus on the vehicle finance and small business lending. Under the deal, SHF will be acquired by Warburg Pincus through its affiliate Mango Crest Investment Ltd from all the sellers. The proposed transaction is valued at Rs 4,630 crore for equity a

Shriram Finance Limited (SFL) decided to sell its housing finance business to focus more on its core operations and secure growth capital

Warburg to invest Rs 1,000 crore in SHFL

Help to maintain 20 per cent year-on-year credit growth

Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers

During the period under review, the company's total income reached Rs 9,305.75 crore, marking a 19 per cent increase from Rs 7,798.31 crore in the October-December period of FY23

RAVI SUBRAMANIAN, managing director and chief executive officer, feels that the sector is in a sweet spot, and capital will not be a constraint for the better-run players

SCL, the existing holding company of the Group, and Shriram City Union Finance will merge shortly with Shriram Transport Finance

The bank is roping in an IT vendor for building a digital interface platform for co-lending to manage risks, accounting, reconciliation, minimise physical interface and reduce defaults

SBI expects to grow home loan book to Rs 7 trn by 2024

Shriram Housing Finance has set a target of doubling its loan-book to Rs 10,000 crore and become third largest player by FY2024 on the back of a 45 per cent growth this fiscal at around Rs 5,300 crore

Affordable housing player Shriram Housing Finance has said its AUM or live loan grew 45 per cent so far this fiscal to cross the Rs 5,000-crore-mark

The capital will also be utilised to fund the expansion plans in the targeted regions

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark