Company Overview - Star Housing Finance Limited

Key Highlights

·       The company has long vintage of around 2 decades with strong presence in Maharashtra and Rajasthan.

·       Strong growth in AUM over the last fiscal to INR 520.70 crore in FY25 from INR 427 crore in Mar24 and a Net Worth of INR 143.87 crore

·       Healthy capital adequacy ratio of 50.27% and low leverage of 2.68x

·       Portfolio quality is moderate with NNPA at 1.40% in FY'25

Overview

Star Housing Finance Limited is a BSE listed NHB-registered NBFC that was established in 2005. The company was founded by late Dr. Mohan Lal Nagda with a vision to provide simplified housing finance solutions to EWS, LIG and MIG households. The company is currently being managed by a group of well experienced housing finance professionals under the leadership of Mr. Ashish Jain and Mr. Kavish Jain. The company is currently present in the states of Rajasthan, Madhya Pradesh, Gujarat, Maharashtra and Tamil Nadu.  

As of Sep24, company has a presence in 6 states with presence in 35+ locations; however, Maharashtra, MP and Rajasthan are the major states that contribute 65%, 12% and 11% respectively of the portfolio. The company is headquartered in Mumbai. 

Management

Mr. Ashish Jain (Managing Director) 

Mr. Ashish Jain is the Managing Director of the company. He is part of the second generation of promoters. He is an Engineer by qualification and is a postgraduate from the University of Nottingham, in the UK. Mr Ashish Jain has been involved in the general management of the Group in different capacities and has been actively involved in the housing finance business since 2015. He leads the overall operations of the Company including business, finance, accounts and operations. He has been appointed as Managing Director of the Company in May 2018.

Mr. Kalpesh Dave (CEO)

Mr. Kalpesh Dave, CEO holds an MBA in Finance from Narsee Monjee Institute of Management Studies and has more than a decade of experience in the housing finance sector. In his previous roles he has been associated with Motilal Oswal Home Loans (Aspire Home Finance), Dewan Housing, Morgan Stanley and ARKFIN Investments. He joined Star Housing in 2019. His expertise includes competitive environment scanning, setting and scaling up of business processes, setting up of branch infrastructure, developing practical and result oriented strategies for on-ground implementation.

Mr. Natesh Narayanan (CFO)

Mr. Natesh Narayanan, CFO has an experience of fund raising for the past fifteen years. In his previous stints, he has been associated with several institutions like Axis Mutual Fund, ARKFIN Investments, Reliance MF and Reliance Capital Asset Management. He joined Star Housing in 2019.

Mr. Anoop Saxena (COO)

Mr. Anoop Saxena, COO is a CA with 15+ years of experience in Credit & Operations Management, Business Management, Product Development, Portfolio Management, Underwriting and internal Audit in housing finance space. In his previous stints, he has been associated with organizations like HDFC Bank, Shubham Housing, Ujjivan Small Finance Bank and Satya Micro capital. He joined Star Housing in 2021. He is instrumental in setting up the risk framework at Star HFL along with the policies and processes. He also heads the current Co-lending vertical and development of rural focused housing loan products.

Key Financials- FY25:

All figures in INR crore

Lenders

The prominent lenders in Star Housing Finance are:

Bank:

·       SBI

·       IDBI Bank

·       ICICI Bank

FI (NBFC):

·       Tata Capital Financial Services Limited

·       MAS Financial Service

·       Hinduja Housing Finance

·       Oikocredit

·       Maanaveeya Development & Finance Private limited

Explore corporate bonds below for Star Housing Finance Limited Company.

Above mentioned corporate bond details are as of Date: 20.08.2025.

Disclaimer:

Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.