Home First Finance Company India Limited was incorporated as a private limited company with the name Home First Finance Company India Private Limited' at Bengaluru Karnataka on February 3 2010. Subsequently the Company was converted into a public limited company and consequently the name of the Company was changed to Home First Finance Company India Limited' on March 14 2018.The Company is a technology driven affordable housing finance company that targets first time home buyers in low and middle-incomegroups. It primarily offers customers housing loans for the purchase or construction of homes which comprised 92.1% of its Gross Loan Assets as of September 30 2020. Its Gross Loan Assets have grown at a CAGR of 63.4% between the financial year 2018 and the financial year 2020 and increased from Rs. 13559.32 million as of March 31 2018 to Rs. 37300.12 million asof September 30 2020.The Company serves salaried and self-employed customers. Salaried customers account for 73.1% of its Gross Loan Assets and selfemployed customers account for 25.0% of Gross Loan Assets as of September 30 2020. The Company serviced 44796 active loan accounts as of September 30 2020. The Company also offers other types of loans comprising loans against property developer finance loans and loans for purchase of commercial property which comprised 5.1% 1.9% and 0.9% of its Gross Loan Assets as of September 30 2020 respectively. As of the same date 32.8% of its Gross Loan Assets were from customers who were new to credit. The average ticket size of its housing loans was Rs. 1.01 million with an average loan-to-value on Gross Loan Assets of 48.8% as of September 30 2020. As of September 30 2020 and March 31 2020 its Stage 3 Loan Assets expressed as a percentage of its Gross Loan Assets were 0.74% and 0.87% respectively.As of September 30 2020 the company had a network of 70 branches covering over 60 districts in 11 states and a union territory in India with a significant presence in urbanized regions in the states of Gujarat Maharashtra Karnataka and Tamil Nadu. It has increased the scale of operations and grown its branches by adopting a strategy of contiguous expansion across regions and has strategically expanded to geographies where there is substantial demand for housing finance. According to the CRISIL Report the 11 states and union territory in which the company is present accounted for approximately 79% of the affordable housing finance market in India during the financial year 2019. The Company utilizes a diverse range of lead sourcing channels such as connectors architects contractors affordable housing developers in addition to conducting loan camps and micro marketing activities and utilizing employee and customer referrals and branch walk-in customers.The Company has leveraged technology in various facets of its business such as processing loan applications managing customer experience and risk management. It has developed a paperless process to onboard customers efficiently and its well-trained front-end teams appraise customers by conducting home and workplace visits and ensure minimal disruption to a customer's daily routine. The Company offers mobility solutions through dedicated mobile applications for its customers to enable quick and transparent loan related transactions. It has an integrated customer relationship management and loan management system set up on a leading cloud based customer relationship platform providing it with a holistic view of all its customers. The Company utilizes proprietary machine learning customer scoring models to assist it with the centralized credit underwriting process which has led to consistent and accurate credit evaluation with quick turn around times.The Company was founded by Jaithirth Rao P. S. Jayakumar and Manoj Viswanathan and commenced its operations in August 2010. The company is managed by professionals and its Promoters are True North Fund V LLP and Aether (Mauritius) Limited. Further Bessemer and Orange Clove Investments B.V. (an affiliate of Warburg Pincus a global private equity investor) has acquired a stake in the Company.