Truhome Finance Doubles AUM to ₹20,000 Crore, Eyes Second Spot
Truhome Finance has witnessed remarkable growth, doubling its assets under management (AUM) to ₹20,000 crore in just two years. This rapid expansion has propelled the company to become the third largest housing finance company in India, narrowing the gap with its closest competitor.
The company's impressive performance is reflected in its projected profits of over ₹500 crore for this year. Truhome Finance's growth momentum is attributed to its lean branch network and strategic investments in technology and talent. Over the past five years, the company has grown its AUM at an annual rate of 45 per cent.
Truhome Finance's journey has been supported by private equity investors, including a significant capital infusion by Warburg Pincus at the time of acquisition from Shriram Finance in 2023. This marked a notable exit in India's PE market. Looking ahead, Warburg Pincus has committed to further infusing growth capital into the company.
With its sights set on becoming the second largest housing finance company within the next two quarters, Truhome Finance continues to demonstrate strong growth and potential. Its focus on technology, talent, and a lean branch network has proven successful, and with continued support from Warburg Pincus, the company is well-positioned for future success.
