Aavas Financiers crosses ₹20,000 crore AUM milestone

Aavas Financiers Limited announced today it has surpassed ₹20,000 crores in Assets Under Management (AUM), marking a significant milestone for the affordable housing finance company.

The shares of Aavas Financiers Limited were trading at ₹1,983.65 up by ₹3.65 or 0.18 per cent on the NSE today at 3.05 pm.

The Jaipur-based lender has cumulatively disbursed ₹33,500 crores to over 3.62 lakh customers since its inception. The company now operates 373 branches across 14 states, with 80 per cent located in Tier 2 to Tier 5 towns, reinforcing its focus on underserved markets.

Sachinder Bhinder, Managing Director & CEO, attributed the achievement to stakeholders, customers, partners, and employees. He emphasised the company’s continued commitment to serving unbanked and underbanked populations in smaller towns.

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The achievement comes amid favourable conditions for India’s housing sector, including rising disposable incomes and government initiatives promoting affordable housing. According to RBI estimates cited in the release, India faces a housing shortage of 100 million units, with 95 per cent of the demand coming from lower-income groups.

Established in 2011, Aavas Financiers primarily serves low- and middle-income self-employed customers in semi-urban and rural areas who have limited access to formal banking credit. The company aims to become “India’s largest and most trusted affordable housing finance company” according to its leadership.