India Shelter Finance Corporation Limited (INDIASHLTR.NS) Bundle
An Overview of India Shelter Finance Corporation Limited
An Overview of India Shelter Finance Corporation Limited
India Shelter Finance Corporation Limited (ISFC) has established itself as a prominent player in the housing finance sector in India. Founded in 2009, ISFC primarily focuses on providing housing loans aimed at low to middle-income groups. The key products offered by the company include home loans, loan against property, and affordable housing finance. In 2024, ISFC reported total sales of approximately ₹1,000 crore (around $120 million), reflecting its robust position in the market.
Company’s Financial Performance in the Latest Financial Reports
In its latest financial report for the fiscal year ending March 2024, India Shelter Finance Corporation Limited reported a record-breaking revenue of ₹1,100 crore (approximately $132 million), up from ₹850 crore in the previous year. This represents a growth of 29.4% year-over-year, driven primarily by the demand for affordable housing loans.
The company’s net profit for the same period stood at ₹150 crore (around $18 million), a substantial increase compared to ₹100 crore in the prior fiscal year. The profit margin improved to 13.6%, indicating strong operational efficiency.
ISFC’s asset under management (AUM) reached approximately ₹5,000 crore (about $600 million), a significant milestone reflecting its growing business footprint in the housing finance sector. The company reported a healthy return on equity (ROE) of 18% and a return on assets (ROA) of 3%.
| Financial Metric | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue (₹ crore) | 850 | 1,100 | 1,100 |
| Net Profit (₹ crore) | 100 | 150 | 150 |
| Assets Under Management (₹ crore) | 3,500 | 4,500 | 5,000 |
| Return on Equity (%) | 15% | 17% | 18% |
| Return on Assets (%) | 2.5% | 2.8% | 3% |
Introduction to India Shelter Finance Corporation Limited as a Leader in the Industry
India Shelter Finance Corporation Limited has emerged as one of the leading companies in the affordable housing finance sector. With a keen focus on financial inclusion, ISFC has successfully catered to the underserved segments of the population, establishing a competitive advantage in the industry.
The company’s commitment to leveraging technology for enhancing customer service and operational efficiencies has also contributed to its success. With plans for further expansion and product diversification, ISFC is well-positioned to capitalize on the growing demand for housing finance in India. For more insights into the company's successful strategies and performance, further exploration is encouraged.
Mission Statement of India Shelter Finance Corporation Limited
Mission Statement Overview
The mission statement of India Shelter Finance Corporation Limited (ISFC) serves as the foundational principle guiding its operational strategies and corporate ethos. It encapsulates the company's dedication to providing affordable housing finance solutions to underserved segments of society. A clear mission statement not only defines the company's long-term objectives but also reinforces its commitment to social development and economic empowerment.
Core Component 1: Affordable Housing Financing
ISFC emphasizes its commitment to providing affordable housing finance solutions. The latest statistics reveal that the affordable housing segment in India is witnessing an increasing demand, driven by a rising urban population and government initiatives like the Pradhan Mantri Awas Yojana. In FY 2023, ISFC reported a significant increase in disbursements in the affordable housing sector, reaching approximately ₹2,850 crore, a 35% year-on-year growth.
Core Component 2: Financial Inclusion
The second critical component of ISFC's mission statement touches on financial inclusion. The company aims to extend credit to low- and moderate-income households, thus enabling them to access housing finance. Based on the National Housing Bank's data, only about 35% of the eligible population in India has formal access to housing loans, highlighting a significant opportunity for ISFC. In 2023, ISFC expanded its outreach, catering to over 1.2 million borrowers, thereby enhancing financial access for marginalized communities.
Core Component 3: Sustainable Growth
ISFC is dedicated to sustainable growth, recognizing the need for environmentally friendly practices in the housing finance sector. The company has implemented various initiatives to promote green housing projects. As of 2023, ISFC has financed over 10,000 green housing units, contributing to India's sustainability goals. Furthermore, ISFC's loan portfolio has a 15% allocation towards green projects, demonstrating its commitment to environmentally responsible financing.
| Core Component | 2023 Statistics | Impact |
|---|---|---|
| Affordable Housing Financing | Disbursements of ₹2,850 crore, 35% YoY growth | Increased access to housing for low-income families |
| Financial Inclusion | Catering to over 1.2 million borrowers | Enhanced credit access for marginalized communities |
| Sustainable Growth | 10,000+ green housing units financed, 15% allocation in portfolio | Promotion of environmentally friendly housing solutions |
Vision Statement of India Shelter Finance Corporation Limited
Commitment to Affordable Housing
India Shelter Finance Corporation Limited's vision emphasizes its commitment to providing affordable housing solutions to economically weaker sections of society. The company aims to address the housing deficit, which is estimated at around 10 million units in urban India as of 2024.
Empowering Economically Weaker Sections
The company focuses on empowering marginalized communities by making home ownership accessible. As per the National Housing Bank, only 18% of the urban population owns their homes, which highlights the need for affordable financing options.
Sustainable Community Development
India Shelter aims to contribute to sustainable development through its financing. The organization plans to expand its reach to over 200,000 households by 2024 while ensuring that their solutions meet environmental sustainability standards.
Innovative Financial Solutions
The vision includes providing innovative financial products tailored to the needs of low-income households. The company reported a 20% increase in its loan book year-over-year, reaching approximately INR 2,500 crore as of Q2 2024.
Strengthening Partnerships
India Shelter aims to strengthen partnerships with government bodies and NGOs to enhance its outreach. Collaborations have already shown effectiveness, with the company participating in over 50 housing projects across various states in India.
| Key Focus Areas | Target Metrics | Current Performance as of 2024 |
|---|---|---|
| Affordable Housing Units | 10 million units deficit | Targeting 200,000 households |
| Home Ownership Rate | 18% urban ownership | Increasing access through loans |
| Loan Book Growth | 20% YoY increase | INR 2,500 crore |
| Partnerships | 50 housing projects | Ongoing collaborations with state bodies |
Core Values of India Shelter Finance Corporation Limited
Integrity
Integrity is a foundational core value at India Shelter Finance Corporation Limited. It encompasses transparency, honesty, and accountability in all operations.
India Shelter Finance Corporation has demonstrated its commitment to integrity by adopting stringent compliance frameworks. For instance, the company has maintained a 100% compliance rate with regulatory standards mandated by the Reserve Bank of India (RBI) for housing finance companies in 2023. Additionally, the organization conducts regular audits to ensure transparency, resulting in a 15% increase in stakeholder trust as measured by internal surveys in early 2024.
Customer Centricity
Customer centricity signifies a relentless focus on understanding and addressing the needs of clients. This value is crucial for fostering loyalty and enhancing service quality.
In 2023, India Shelter launched a new customer relationship management (CRM) system that led to a 25% reduction in response time to customer inquiries. Furthermore, the company reported a 30% increase in customer satisfaction scores, reflecting the effectiveness of their initiatives aimed at enhancing client relations.
Innovation
Innovation is vital for staying competitive in the dynamic financial services sector. This core value encourages creative solutions and technological advancements.
India Shelter has invested approximately ₹50 crores in digital transformation initiatives, enhancing online loan application processes which resulted in a 40% increase in digital loan applications in 2023. The introduction of AI-driven credit assessment tools further expedited the loan approval process by 20%.
Social Responsibility
Social responsibility emphasizes the importance of contributing positively to society and supporting community development.
In 2023, India Shelter financed over 15,000 housing units for low-income families, directly impacting the housing needs of underserved communities. Their financial literacy programs reached approximately 10,000 individuals, empowering them with knowledge about home finance and savings, thereby improving their financial stability.
Excellence
Excellence reflects a commitment to high standards and continuous improvement in all aspects of operations.
India Shelter achieved an impressive 20% year-over-year growth in net profit, reaching ₹120 crores in FY 2023-2024. Their employee training programs, aimed at enhancing workforce skills, have resulted in a 95% completion rate, ensuring that employees are equipped to meet industry benchmarks.
| Year | Net Profit (₹ crores) | Housing Units Financed | Customer Satisfaction Score (%) | Digital Loan Applications Increase (%) |
|---|---|---|---|---|
| 2021-2022 | 80 | 12,500 | 75 | N/A |
| 2022-2023 | 100 | 13,500 | 78 | 15 |
| 2023-2024 | 120 | 15,000 | 80 | 40 |
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