SRG Housing Finance Ltd. (SRGHFL) is a prominent player in India's housing finance sector, distinguished by its focus on underserved rural and semi-urban populations. Incorporated in 1999 and headquartered in Udaipur, Rajasthan, the company has established itself as a pioneer in providing housing finance solutions to segments often overlooked by traditional financial institutions. SRG Housing Finance holds the distinction of being the first company in Rajasthan to be registered with the National Housing Bank (NHB) in 2002, underscoring its early commitment to regulated and specialized financial services.
SRG Housing Finance primarily targets the "New-to-Credit," underserved, and unorganized populations, offering small-ticket loans tailored to their specific needs. The company's approach emphasizes simplified access to finance through minimal documentation and fast processing, making it an accessible option for rural and semi-urban customers. This customer-centric model, spearheaded by Managing Director Mr. Vinod K Jain, aims to address the housing finance needs in areas that are generally underserved by larger financial institutions.
The company provides a comprehensive suite of housing finance products, including loans for construction, additions, alterations, repair, and renovation of residential property, as well as loans against property. SRG Housing Finance offers nine distinct loan products designed to meet varied customer requirements: Sparsh Home Loan, Home Revision Loan, Saral Plot Loans, Specialty Loan, Home Loan for Self Employed, Loans against Property, NRI Housing Loan, Wealth Loan, and New Avenue Loan. Loans against property offer liquidity, while specialized loans cater to business needs or commercial property acquisition.
The company has demonstrated consistent profitability and growth in its Assets Under Management (AUM). As of FY25, SRG Housing Finance managed an AUM of ₹759 crore, with a reported revenue of ₹152 crore and a net profit of ₹24.4 crore. The market capitalization stood at ₹490 crore as of June 2025. While reporting profits, the company has not historically paid out dividends, focusing instead on retaining earnings to support its growth ambitions and maintain a strong balance sheet for expansion in the rural housing finance sector.
- Market Capitalization: ₹490 crore (as of June 2025)
- Assets Under Management (AUM): ₹759 crore (as of FY25)
- Revenue: ₹152 crore (Latest Available Data)
- Net Profit: ₹24.4 crore (Latest Available Data)
- Promoter Holding: 59.1%
SRG Housing Finance operates an extensive network with 90 branches spread across 7 states, serving a significant customer base. The company employs a total of 636 individuals, reflecting its substantial operational scale. Headquartered in Udaipur, Rajasthan, with a corporate office in Mumbai, Maharashtra, SRG's expansion strategy focuses on states with high demand for rural and semi-urban housing finance, reinforcing its competitive edge in serving underbanked populations.
SRG Housing Finance is a Housing Finance Company duly registered with the National Housing Bank (NHB). It commenced its operations in 2002, becoming the first company in Rajasthan to achieve NHB registration. This regulatory standing ensures the company adheres to established frameworks and standards within the housing finance industry in India, providing a layer of trust and credibility for its operations and stakeholders.
SRG Housing Finance has achieved notable milestones in its journey within the capital markets. It was the first company in Rajasthan to be listed on the BSE SME Platform and subsequently became the very first company in India to migrate from the BSE SME Platform to the prestigious BSE Main Board in 2015. Further enhancing its market accessibility, the company achieved a listing on the National Stock Exchange (NSE) in August 2023, enabling broader investor participation and liquidity.
Demonstrating a commitment to operational excellence and enhanced customer service, SRG Housing Finance launched its business process re-engineering project, "SRG Srajan," in 2019. This initiative highlights the company's dedication to leveraging technology and innovative processes to improve efficiency and streamline service delivery across its operations.
Investors should note certain risk factors associated with SRG Housing Finance. The company has a low interest coverage ratio. Promoter holding has seen a decrease of -5.66% over the last quarter. Furthermore, SRG has reported a low return on equity of 13.0% over the last 3 years. These metrics should be carefully evaluated by potential investors when assessing the company's financial health and investment outlook.
SRG Housing Finance Ltd. presents a compelling investment opportunity within the niche of rural housing finance, characterized by its specialized focus on underserved markets, a robust product offering, and established regulatory credentials. While its consistent profitability and expanding operational footprint position it favorably to capitalize on the growing demand for housing finance in rural and semi-urban India, prospective investors are advised to thoroughly consider the identified risk factors in their decision-making process.
