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About Us

About Us

AAVAS FINANCIERS LIMITED (Formerly known as “Au HOUSING FINANCE LIMITED”) was originally incorporated as a private limited company at Jaipur, Rajasthan, under the name of "Au Housing Finance Private Limited" on February 23,2011.

Company got registered with National Housing Bank (subsidiary of Reserve Bank of India) as a Housing Finance Company (HFC) and awarded the license from National Housing Bank (NHB) in August 2011.

It formally started its operations in March, 2012.

Subsequently, the name of the Company was changed to "Au Housing Finance Limited" due to conversion from a private company to a public company on January 10, 2013.

In March, 2017, the name of the company was changed from “Au HOUSING FINANCE LIMITED" to "AAVAS FINANCIERS LIMITED” (AAVAS) vide fresh Certificate of Incorporation (COI) dated 29th March, 2017.

AAVAS is engaged in the business of providing housing loans, primarily in the un-served, unreached and under-served market which include the States of Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chhattisgarh, and Delhi.

Business Segment

AAVAS is primarily engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are credit worthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks. AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them.

AAVAS believes that every customer are unique and so far as his financial needs & feel it is absolutely necessary not to treat them as homogenous group of borrowers but appreciate the individual need of every customer, and offer housing Finance solutions that are appropriate and suitable to them.

 

Our Target Customers

targetust

AAVAS is engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are the people who are either self-employed, running small businesses like providing transportation facilities in auto rickshaw or other vehicles, running grocery shops, tiffin centers, beauty parlous and other businesses or these customers are carrying out business of agri or animal husbandry products in rural areas or salaried class people who are carrying out small jobs in private or public sector.

All above people have one prime aspiration of owning their own home and thereby creating an adorable environment for their family members to live in.

These are credit worthy customers that lack financial inclusion because of underdeveloped banking facilities or due to lack of documents like IT returns, salary slips, etc. and hence are excluded by other mortgage companies.

AAVAS uses a unique appraisal methodology to assess these customers individually and delivers tailor-made financing solutions.

 

Area of Operations

AAVAS caters the needs of various small families in rural areas, towns, and a city's peripheral area and other semi-urban areas to meet their life time dream to own their own house.

Presently AAVAS is operating in 11 states namely Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chhattisgarh, Haryana, Uttarakhand, Himachal Pradesh and Punjab.

 

Manpower

The Company has a team of dedicated staff members including highly qualified professionals like Chartered Accountants, Company Secretaries, MBAs etc. who have been contributing to the progress and growth of the Company. The manpower requirement of the offices of the Company is assessed and recruitment is conducted accordingly. Personal skills of employees are fine-tuned and knowledge is enhanced by providing them internal and external training, keeping in view the market requirement from time to time.

Products

AAVAS is engaged in 3 types of products mentioned below under its housing finance business:-

  • Finance for Purchase
    The product is designed to purchase individual dwelling units, flats in low cost buildings, detached and semi-detached units, cluster units, and residential units. This is also applicable for properties under construction or ready built property.
  • Finance for Construction
    The product is designed to offer loans for construction on a plot of land, which has been already acquired.
  • Finance for Home Extension
    This product is designed to offer loans to individuals for extension of an existing home unit, which can include construction of additional rooms, floors etc.

AAVAS also launched "Special Urban Low Income Housing Product" and "Specific Women Ownership Product" in line with NHB's refinance scheme for the Special Urban Housing Refinance Scheme for Low Income Households and Refinance Scheme for Women.

Board of Directors
Our Team

Our Board

Sushil Kumar Agarwal

Mr. Sushil Kumar Agarwal

Managing Director & CEO
He is the Managing Director and CEO of our Company. He has been associated with our Company since its incorporation in 2011.

Kalpana-Iyer-2

Mrs. Kalpana Iyer

Independent Director
She is an independent Director of our Company. She holds a bachelor's degree in commerce from the Madurai Kamaraj University; is a qualified chartered accountant;…

Krishnakant-Rathi-2

Mrs. Soumya Rajan

Independent Director
She is the Founder, MD and CEO of Waterfield Advisors, India's largest independent Multi-Family Office that advises on assets of ~US$3.5bn. She previously worked at Standard Chartered Bank India for 16 years, where she headed their Private Banking Division from 2008 to 2010….

K.R.Kamath-2

Mr.Ramachandra Kasargod Kamath

Non-executive nominee Director
He is a non-executive nominee Director appointed on our Board by Lake District and Kedaara AIF-1. He holds a bachelor's degree in commerce from the University of Mysore….

vijay-vig

Mr. Vivek Vig

Non-executive nominee Director
He is a non-executive nominee Director appointed on our Board by ESCL and Master Fund. He holds a post-graduate diploma in management from Indian Institute of Management at Bangalore….

Nishant-Sharma-2

Mr. Nishant Sharma

Promoter Nominee Director
He is a Promoter Nominee Director appointed on our Board by Lake District and Kedaara AIF-1. He holds a degree of Master of Technology in Bio-Chemical Engineering and Bio -Technology…

Manas-Tandon

Mr. Manas Tandon

Promoter Nominee Director
He is a Promoter Nominee Directorr appointed on our Board by ESCL and Master Fund. He holds a bachelor's degree in technology (electrical engineering) from the Indian Institute of Technology, Kanpur…

Kartikeya-Kaji

Mr. Kartikeya Dhruv Kaji

Promoter Nominee Director
He is a Promoter Nominee Director appointed on our Board by Lake District and Kedaara AIF-1. He holds a bachelor's degree in arts (economics) from the Dartmouth College, New Hampshire…

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