GRUH Finance

- Ahmedabad based Housing finance company
- 59.15% Owned by HDFC owned by Individual investors
- 17.55 owned by FII's

- Promoted by Aga Khan Fund for Economic Dev (AKFED) and HDFC in 1986.
- Started operation as Gujarat Rural Housing Finance Corp in 1988 with focus on small borrowers including self employed with no formal income proof and also to small businessmen and salaried class.
- Also fund's purchase, construction, repair and renovation of dwelling units and helps professionals acquire office space.
- Restricted to home market in Gujarat till 1990.
- In 1995 change name to GRUH finance and expanded to neighboring states like Maharastra.

- As on March 2014, has 142 offices across 7 states - Gujarat, Maharastra, Rajastan, karnataka, Tamilnadu, MP and Chattisgarh.
- Cumulative loan disbursemetn of Rs.12094 Cr and Net Profit @ 176.96 Cr
- More than half the loan disbursement is in area with population less than 50000.
- Focus remains low income - low population areas.
- Avg Loan to Value : 65%
- Average loan size : Rs.7.65 Lakh
- 70% of all loans go to homes costing Rs.5LK -Rs.30 Lk
- 90% of of loans repaid within 8.7 Years.
- Loan growth @ 28% CAGR over past 10 years.
- NPA @ 0.27 % of its Rs.7009 Cr outstanding loan.
- (HDFC loan : Avg loan Rs.22 Lakhs with avg loan term of 13 Years)

- Housing Finance Companies (HFC's) can borrow upto 16 times its networth.
- Gruh eligible to borrow from National Housing Bank.
- Avg cost of borrowing : 9.5%