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home finance

Aspire Home Finance Corporation Limited (AHFCL) works on the business philosophy of financial inclusion of LMI families by providing them an access to long term housing finance. It operates in an income segment which is underserved by financial institutions. AHFCL focuses exclusively on retail housing loans.

AHFCL Vision : To enable home ownership amongst lower and middle income Indian families by providing hassle free housing loan assistance towards acquiring affordable housing units thereby enhancing housing stock in India.

AHFCL is a subsidiary of Motilal Oswal Securities Limited (MOSL) which is a part of Motilal Oswal Financial Services Ltd (MOFSL) - a well-diversified financial services company focused on wealth creation through knowledge.

Mr. Motilal Oswal is the Chairman of AHFCL Board. AHFCL is managed by a team of professionals having strong experience in Indian housing finance market and headed by Mr. Anil Sachidanand, a veteran of over 25 years in Indian home finance industry.

Business Highlights
  • Loan portfolio of over  4890 Crores across 60,000 families as of March 2018 operates out of 124 branches.
  • Operates out of 124 locations (Maharashtra, Gujarat, Madhya Pradesh, Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, Chhattisgarh, Rajasthan).
  • Average ticket size of less than 8.77 Lakhs.
  • Focused on providing retail housing loans to target lower and middle income customers with loan size up to   25 lakhs.
  • Has been rated "CRISIL A+ / Stable" for 2.5 billion of bank loan facilities and "CRISIL A+/ Stable" for 100 Crores of non-convertible debentures. It has also been rated "ICRA AA-" by ICRA for short term borrowings / commercial paper of 150 Crores.
  • Aspire Home Finance has been awarded by Second prize for "Best Performing Primary Lending Institution under CLSS for EWS/LIG" by Ministry of Housing and Urban Poverty Alleviation.
  • Aspire Home Finance has been awarded "Fast 50 Branch 2016" by world consulting research corporation.
  • Aspire Home Finance has been awarded "Most admired brand for Affordable loans of the year" by 24 MRC Network
  • Aspire Home Finance has been awarded in the 7th National Conference and Game Changer Summit with two categories "Innovative Product and Services" for MALA & "Innovative Marketing Practice" for Social Media Campaigns
  • Launched MALA (Mahila Awaas Loan from Aspire), an all women home loan division launched with an objective to provide housing finance assistance to working women in low income segment
  • Qualified as a Primary Lending Institution (PLI) under Pradhan Mantri Awas Yojana (PMAY) under Government of India's mission "Housing for All by 2022" for Urban Poor.
  • AHFCL has been awarded "India's Greatest Brands 2016-17" while our MD & CEO, Mr. Anil Sachidanand has been awarded "India's Greatest Leaders 2016-17" by URS Asia One.
  • AHFCL has been awarded “Prestigious Brands 2017” under Home Finance category at Goodwill Brands 2017 by BARC Asia
  • AHFCL has been awarded Second prize for Best Performing Primary Lending Institution under CLSS for EWS/LIG by Ministry of Housing and Urban Poverty Alleviation at National Workshop on Urban Transformation.
  • AHFCL wins big at MSME Banking & NBFC Excellence Awards-2016 by Chamber of Indian Micro, Small & Medium Enterprises.
  • Anil Sachidanand Managing Director & CEO

    Mr. Sachidanand is a Commerce Graduate and MBA in Business Management from the School of Management Studies, CUSAT. He is a veteran with over 28 years in Residential Home Finance business in India and United States having gained experience working for Banks and Housing Finance Companies. In his previous assignment as CEO and President of Dewan Housing Finance Corporation Limited (2008-2013), he has been credited with spearheading the company’s growth during this tenure and making it a significant home finance company in the Indian mortgage space.
    Mr. Sachidanand has previously worked with IDBI Bank as the Head of Home loans and HDFC Bank as Country Head-Home Loans. He gained international experience working for Profolio Home Finance Company (PHFC) – a US based company in Houston, Texas, in residential mortgages
    He has a rich experience in building infrastructure for achieving business goals by establishing branch network, distribution franchises and other marketing channels. He is a veteran team builder with an innate ability to recruit, train and manage effective teams on a national scale. Anil believes in delivering a consistent growth record and delivery of bottom line performance. He has a proven track record of setting, managing and scaling up the business processes in diverse environments.
    He is honored with awards like “Udyog Rattan Award” by the Institute of Economic Studies in the financial year 2013-14, “Community Leadership Award” at the 6th International Conference & Game Changers Awards organized by the HR Club (2016), “Entrepreneur of the Year (Finance) Award” at 2016 Leaders Awards (Enterprise Edition) by 24MRC Network.