# India Shelter Finance Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/india-shelter-finance-corporation

- Industry: Financial Services
- Headquarters: Gurugram, India
- Website: www.indiashelter.in
- Total disclosed funding: $13M
- Latest round: Series B (Jul 21, 2012)
- Investors on record: 2

## About

India Shelter Finance Corporation Limited is an Indian housing finance company that provides diverse financial solutions to enhance home ownership and living standards across the country.India Shelter Finance Corporation Limited, established in 2010 and headquartered in Gurugram, India, specializes in housing finance solutions. The company has completed 13 deals, with its latest funding round being a Secondary Stock Purchase, raising INR 4,820 mn from investors such as Goldman Sachs Merchant Banking Division and SBI Life Insurance. The firm has raised a total amount of INR 1,950.01 mn to date. The current CEO team includes Anil Mehta, Kwanho Ha, and Rupinder Singh.India Shelter Finance Corporation Limited specializes in offering a variety of housing finance products, including home loans, loans against property, home renovation loans, and property and construction loans. These services cater to different customer needs, supporting both salaried and self-employed individuals throughout India. The company's focus is on a streamlined loan approval process requiring minimal documentation, facilitating access to affordable financing options for home ownership, renovations, and additional property financing.In the most recent fiscal year of 2023, India Shelter Finance Corporation Limited reported a revenue of INR 66,601,808.3 and an EBITDA of INR 52,334,495.6. The company's revenue is primarily generated through interest on loans issued to its customers, with a structured repayment plan that includes principal and interest, adhering to competitive market interest rates.India Shelter Finance Corporation Limited plans to leverage its recent capital raise of INR 12 billion from an IPO, which was concluded in December 2023, to expand its product offerings and geographical reach. The company aims to introduce new housing finance products and intends to enter additional markets within India, though specific regions have not been disclosed. The funds raised will support these initiatives, enhancing its ability to provide accessible financing solutions and improve service delivery to underrepresented demographic segments.

## Funding rounds

- Series B, Jul 21, 2012, $6.3M — Hong Shan, Nexus Venture Partners
- Series A, Jul 30, 2010, $6.4M — Hong Shan

## Investors

- Hong Shan — Series A, Series B
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series B