About Deewan Housing Finance Corporation
Deewan Housing Finance Corporation is a company based in Mumbai (India) founded in 1984 was acquired by Piramal Group in January 2021.. The company has 232 employees as of April 08, 2024. Deewan Housing Finance Corporation has completed 1 acquisition, including ANDROMEDA LOANS. Deewan Housing Finance Corporation offers products and services including Home Loan, Business Loan, Personal Loan, and Loan Against Property. Deewan Housing Finance Corporation operates in a competitive market with competitors including Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others.
- Headquarter Mumbai, India
- Employees 232 as on 08 Apr, 2024
- Stage Public
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Sectors
Financial ServicesReal Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Piramal Finance Limited
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$233.65 M (USD)947.66as on Mar 31, 2017
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Net Profit
$30.26 M (USD)419.36as on Mar 31, 2017
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EBITDA
$149.4 M (USD)1090.8as on Mar 31, 2017
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Latest Funding Round
$194 M (USD), Post-IPO
Jan 29, 2019
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Investors
International Finance Corporation
& 5 more
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Employee Count
232
as on Apr 08, 2024
- Investments & Acquisitions
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Acquired by
Piramal Group
(Jan 18, 2021)
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Products & Services of Deewan Housing Finance Corporation
Deewan Housing Finance Corporation offers a comprehensive portfolio of products and services, including Home Loan, Business Loan, Personal Loan, and Loan Against Property. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Funding for home purchase or construction with flexible EMIs.
Support for business expansion and operations funding.
Quick loans for personal expenses like weddings or gadgets.
Borrow against property for financial requirements.
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Funding Insights of Deewan Housing Finance Corporation
- Total Funding Total Funding
- Total Rounds 12
- Last Round Post-IPO — $194.0M
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First Round
First Round
(01 Jul 2009)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Post-IPO - Deewan Housing Finance Corporation | Valuation |
investors |
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| Nov, 2018 | Amount | Debt – Conventional - Deewan Housing Finance Corporation | Valuation |
investors |
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| Jun, 2018 | Amount | Debt – Conventional - Deewan Housing Finance Corporation | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Deewan Housing Finance Corporation
Deewan Housing Finance Corporation has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, Piramal Group and Oaktree Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Long-term returns are generated through diversified public and private investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Deewan Housing Finance Corporation
Deewan Housing Finance Corporation has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ANDROMEDA LOANS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Loan deals are facilitated through partner banks for customers.
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1991 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Deewan Housing Finance Corporation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deewan Housing Finance Corporation Comparisons
Competitors of Deewan Housing Finance Corporation
Deewan Housing Finance Corporation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Manappuram Finance, IIFL Finance, L & T Finance Holdings, Bajaj Finserv and Northern Arc Capital, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer and SME loans are provided by Manappuram Finance.
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| domain | founded_year | HQ Location |
Online gold, home, personal, and business loans are provided.
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| domain | founded_year | HQ Location |
Diversified lending services are provided as a non-banking financial institution.
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| domain | founded_year | HQ Location |
Financial solutions including loans and insurance are offered.
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| domain | founded_year | HQ Location |
Household and business loans are provided with risk management support.
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| domain | founded_year | HQ Location |
Collateral-free loans are provided to MSMEs for business operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deewan Housing Finance Corporation
Frequently Asked Questions about Deewan Housing Finance Corporation
When was Deewan Housing Finance Corporation founded?
Deewan Housing Finance Corporation was founded in 1984 and raised its 1st funding round 25 years after it was founded.
Where is Deewan Housing Finance Corporation located?
Deewan Housing Finance Corporation is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Deewan Housing Finance Corporation?
Santosh Sharma is the current CEO of Deewan Housing Finance Corporation.
How many employees does Deewan Housing Finance Corporation have?
As of Apr 08, 2024, the latest employee count at Deewan Housing Finance Corporation is 232.
What is the annual revenue of Deewan Housing Finance Corporation?
Annual revenue of Deewan Housing Finance Corporation is $233.65M as on Mar 31, 2017.
What does Deewan Housing Finance Corporation do?
Deewan Housing Finance Corporation was established in 1984 in Mumbai, India. Operations are focused on the financial services sector, where various home-related loans and MSME financing solutions are offered. Deposit products are also provided, alongside life and general insurance coverage, as well as asset management services. The company serves clients primarily within India through its established network.
Who are the top competitors of Deewan Housing Finance Corporation?
Deewan Housing Finance Corporation's top competitors include Manappuram Finance, L & T Finance Holdings and Bajaj Finserv.
What products or services does Deewan Housing Finance Corporation offer?
Deewan Housing Finance Corporation offers Home Loan, Business Loan, Personal Loan, and Loan Against Property.
How many acquisitions has Deewan Housing Finance Corporation made?
Deewan Housing Finance Corporation has made 1 acquisition, including ANDROMEDA LOANS.
Who are Deewan Housing Finance Corporation's investors?
Deewan Housing Finance Corporation has 6 investors. Key investors include International Finance Corporation, Piramal Group, Oaktree Capital Management, Caledonia, and GIC.
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