Aditya Birla Housing Finance receives funding of Rs 830 crore
MUMBAI: Aditya Birla Housing Finance Limited (“ABHFL”), a wholly-owned subsidiary of Aditya Birla Capital, India’s leading, diversified financial services company, has announced that it has secured an investment of Rs 830 crore from the International Finance Corporation (IFC) through a Non-Convertible Debenture (NCD).
According to ABHFL, the funds raised through IFC’s investment will be used to address critical gaps in access to housing loans to low-income and middle-income groups (LIG and MIG), with a special focus on encouraging homeownership among women.
A portion will also be allocated to support MSMEs, particularly women-led enterprises, to drive growth and economic progress. The investment aims to enhance financial inclusion, uplift underprivileged communities in the affordable housing and MSME sectors.
Pankaj Gadgil, MD & CEO, Aditya Birla Housing Finance Limited, said, “This collaboration with IFC is a significant milestone in advancing financial inclusion and equitable growth. At Aditya Birla Housing Finance, we are committed to providing inclusive home financing solutions that ensure a truly happy home loan journey.” He further added, “This initiative empowers underprivileged communities, especially women borrowers, while assisting MSMEs in promoting entrepreneurial growth and economic empowerment.
By combining IFC’s global expertise with our vision, we aim to make home ownership accessible in India, drive progress and build a sustainable financial ecosystem.” Wendy Werner, IFC’s Country Head for India and Maldives, said, “A dynamic housing sector and improved financial access for MSMEs are essential to India’s sustainable growth.
Through our partnership with Aditya Birla Housing Finance, we aim to expand affordable housing finance and enable more women to become business owners.” “The private sector is critical in driving growth of the housing and MSME sectors, and our collaboration with leading players is focused on expanding financing opportunities for women in the broader financial ecosystem – which is critical to fostering long-term progress and driving economic inclusion,” Werner added.
