India Shelter Finance Corporation Ltd, originally named Satyaprakash Housing Finance India Limited, is a retail housing finance company established in 1998. The company, renamed in 2010, received a license from the National Housing Bank to operate without accepting public deposits. It has a robust presence with 183 branches across Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat, covering 94% of India's affordable housing finance market. Utilizing advanced technology and analytics, the company offers a paperless customer acquisition and onboarding process, enhancing efficiency and customer relations through mobile applications like iSales, iCredit, and iServe.
The company's focus on technology includes cloud-based customer relationship and loan management systems, aiming to improve productivity and reduce costs. Customized underwriting processes evaluate the creditworthiness of low to middle-income segments, supported by independent verticals for credit verification, legal assessment, and collateral valuation. With an Asset Under Management surpassing Rs 4,359.4 Crores in 2023, India Shelter Finance plans to issue equity shares totaling Rs 1,800 Crores to fuel further growth.
