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Warburg Pincus-backed Shriram Housing rebrands as Truhome Finance

VCCircle

VCCircle · 1y ago

Warburg Pincus-backed Shriram Housing rebrands as Truhome Finance

Shriram Housing, an affordable housing finance company, has rebranded as Truhome Finance following its acquisition by Warburg Pincus for Rs 4,630 crore. Qatar Investment Authority joined the cap table post-acquisition. Despite the rebrand, the company's mission to provide accessible home loans remains unchanged. Truhome has 165 branches and reported a 58% rise in net profit to Rs 217.4 crore in the fiscal year ending March 2024, with assets under management reaching Rs 16,000 crore.

Related News

Truhome Finance files DRHP with SEBI for Rs 3,000 crore IPO

IndianStartupNews

IndianStartupNews · 1d ago

Truhome Finance files DRHP with SEBI for Rs 3,000 crore IPO

Truhome Finance Ltd, an affordable housing finance company, filed a Draft Red Herring Prospectus with SEBI for a Rs 3,000 crore IPO, including a fresh equity issue of Rs 1,500 crore and a Rs 1,500 crore offer for sale by Mango Crest Investment. The funds will bolster the capital base for lending and meet RBI capital adequacy rules. Formerly Shriram Housing Finance, it was acquired by Warburg Pincus in 2024.

Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing

VCCircle

VCCircle · 1y ago

Grapevine: Mubadala may join hands with Warburg for Shriram Housing; Brookfield eyes Leela Palaces Listing

UAE sovereign fund Mubadala is reportedly in talks to partner with Warburg Pincus for the purchase of a majority stake in Shriram Housing Finance, a subsidiary of Shriram Finance. Meanwhile, Brookfield Asset Management is considering listing Leela Palaces as it seeks to expand its hospitality business in India. Mubadala is said to be exploring multiple investment opportunities in the Indian market, while Warburg Pincus and Bain Capital are also contenders for the Shriram Housing Finance deal.

Warburg Pincus to acquire mortgage lender in its largest India deal

VCCircle

VCCircle · 1y ago

Warburg Pincus to acquire mortgage lender in its largest India deal

Private equity firm, Warburg Pincus, has made its largest deal in India to date by acquiring Shriram Housing Finance Ltd. This marks their significant investment in the country since starting operations there over 20 years ago. The mortgage lender will be acquired from Shriram Finance Ltd and another private equity firm. The deal showcases Warburg Pincus' continued interest in the Indian market.

Warburg Pincus wins a heated race for Shriram Group’s housing finance biz

Livemint

Livemint · 1y ago

Warburg Pincus wins a heated race for Shriram Group’s housing finance biz

US-based investment firm Warburg Pincus has acquired a controlling stake in Shriram Housing Finance, a subsidiary of Shriram Group, for INR 46.3bn ($640m). The deal marks Warburg Pincus's largest investment in India to date and positions the company in the country's affordable housing finance sector, which is expected to expand at a compound annual growth rate of 12-14% by 2025. Shriram Housing Finance will continue to operate as a stand-alone entity, with the existing management team remaining in place. The transaction is set to be completed by 7 February 2025.

Bottomline: Warburg-owned Shriram Housing maintains profit, AUM growth trend in FY24

VCCircle

VCCircle · 1y ago

Bottomline: Warburg-owned Shriram Housing maintains profit, AUM growth trend in FY24

- Shriram Housing Finance reports a 58% increase in net profit for FY24 - Assets under management (AUM) continue to grow at a high double-digit rate - Private equity firm Warburg Pincus acquires Shriram Housing in May - Ravi Subramanian serves as the Managing Director and CEO of Shriram Housing - Net profit for the year ended March 2024 amounts to Rs 217.4 crore

Warburg leads race for Shriram unit; Hindujas, Dixon weigh M&As

VCCircle

VCCircle · 1y ago

Warburg leads race for Shriram unit; Hindujas, Dixon weigh M&As

Private equity firm Warburg Pincus is leading the race to acquire Shriram Housing Finance Ltd, a unit of Shriram Finance. Bain Capital is also competing for the mortgage lender. Meanwhile, the Hinduja Group and Dixon Technologies are considering potential mergers and acquisitions.

Warburg Pincus-backed Truhome Finance files DRHP for Rs 3,000 Cr IPO

Entrackr

Entrackr · 2d ago

Warburg Pincus-backed Truhome Finance files DRHP for Rs 3,000 Cr IPO

Warburg Pincus-backed Truhome Finance files DRHP for Rs 3,000 Cr IPO Affordable housing finance company Truhome Finance has filed its Draft Red Herring Prospectus (DRHP) with Securities and Exchange Board of India to raise Rs 3,000 crore through an initial public offering. The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale (OFS) of shares worth Rs 1,500 crore by promoter selling shareholder Mango Crest Investment Limited. The proceeds from the fresh issue will be used to ramp up the company’s capital base, support future lending requirements, and meet regulatory capital adequacy norms. Formerly known as Shriram Housing Finance Limited, the company was acquired in December 2024 by global private equity firm Warburg Pincus. Founded in 2010, Truhome Finance focuses on affordable housing loans and other secured lending products including loans against property. As of December 31, 2025, the company claimed assets under management (AUM) of Rs 21,124 crore. Housing loans account for about 57.37% of its portfolio, followed by loans against property at 39.22%. The company operates through a distribution network of 216 branches across 19 states and union territories. Its sourcing network includes more than 3,000 in-house sales personnel, 6,600 connectors, and 821 direct selling agents. For the nine months ended December 2025, Truhome Finance reported a profit after tax of Rs 333.53 crore. Its gross stage-3 assets stood at 1.60% while net stage-3 assets were at 1.09% during the same period. The company recently appointed former State Bank of India chairman Dinesh Kumar Khara as its chairperson. The company is led by managing director and CEO Ravi Subramanian. JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital are the book-running lead managers for the issue.

Truhome lines up FY26 IPO, aims to grab no. 2 spot soon

Economic Times

Economic Times · 3m ago

Truhome lines up FY26 IPO, aims to grab no. 2 spot soon

Warburg Pincus-backed Truhome Finance, an affordable housing lender, plans to go public in the financial year of 2026 aiming to become the second-largest in India. Managing Director and CEO, Ravi Subramanian, emphasizes a substantial growth target, expecting a 30% increase in assets under management. The company is focusing on expanding its product offerings in Tier 3 and 4 cities and plans diversification into the salaried segments while anticipating capital requirements for this expansion.

Grapevine: Warburg Pincus, Shriram Housing Finance, KiranaPro, Blume Ventures in news

VCCircle

VCCircle · 1y ago

Grapevine: Warburg Pincus, Shriram Housing Finance, KiranaPro, Blume Ventures in news

The Reserve Bank of India has instructed Warburg Pincus to reduce its stake in a portfolio company in preparation for the acquisition of Shriram Housing Finance. Meanwhile, Deepak Ravindran has secured commitments from venture capital firms Blume Founders Fund and Snow Leopard for his startup KiranaPro.

Bain or Warburg—Who will get Shriram’s housing loan business?

Livemint

Livemint · 2y ago

Bain or Warburg—Who will get Shriram’s housing loan business?

India's Shriram Group is reportedly in talks with US-based firms Warburg Pincus and Bain Capital to sell its housing arm, Shriram Housing Finance, for around INR 5,000 crore ($675 million). The sale is part of the group's strategy to reshape its growth plans. If the negotiations are successful, the deal could be concluded before the end of June. Shriram Group has appointed investment bankers from Barclays, JM Financial, and Avendus Capital to shortlist potential buyers. The proceeds from the sale will be used to expand new businesses and strengthen its balance sheet.

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