About GRUH Finance
GRUH Finance is a company based in Ahmedabad (India) founded in 1986 was acquired by Bandhan Bank in January 2019.. The company has 8 employees as of April 06, 2024. GRUH Finance operates in a competitive market with competitors including HomeFirst Finance, HDFC, India Shelter Finance Corporation, Shubham and Aadhar Housing Finance, among others.
- Headquarter Ahmedabad, India
- Employees 8 as on 06 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
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- Legal Name Gruh Finance Limited
- Date of Incorporation 21 Jul, 1986
- Jurisdiction Ahmedbad, Gujarat, India
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Annual Revenue
$283.92 M (USD)20.12as on Mar 31, 2019
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Net Profit
$62.65 M (USD)23.3as on Mar 31, 2019
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EBITDA
$270.11 M (USD)24.04as on Mar 31, 2019
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Latest Funding Round
- Investors
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Employee Count
8
as on Apr 06, 2024
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Acquired by
Bandhan Bank
(Jan 07, 2019)
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Funding Insights of GRUH Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 GRUH Finance
GRUH Finance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bandhan Bank. 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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Personal and business banking services are offered to underbanked markets.
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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 GRUH Finance
| 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 |
Financial Statements - GRUH Finance
| 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 |
Gruh Finance Comparisons
Competitors of GRUH Finance
GRUH Finance 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 HomeFirst Finance, HDFC, India Shelter Finance Corporation, Shubham and Aadhar Housing Finance, 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 |
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| domain | founded_year | HQ Location |
Affordable home loans are extended to low and middle-income groups.
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| domain | founded_year | HQ Location |
Provider of housing finance solutions
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| domain | founded_year | HQ Location |
Housing loans are extended to middle-income households in India.
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| domain | founded_year | HQ Location |
Affordable housing finance solutions are provided to underserved individuals.
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| domain | founded_year | HQ Location |
Loans for affordable housing in tier 2,3 and 4 cities
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| domain | founded_year | HQ Location |
Real estate financing company
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Gruh Finance
Frequently Asked Questions about GRUH Finance
When was GRUH Finance founded?
GRUH Finance was founded in 1986.
Where is GRUH Finance located?
GRUH Finance is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Who is the current CEO of GRUH Finance?
Sudhin Choksey is the current CEO of GRUH Finance.
How many employees does GRUH Finance have?
As of Apr 06, 2024, the latest employee count at GRUH Finance is 8.
What is the annual revenue of GRUH Finance?
Annual revenue of GRUH Finance is $283.92M as on Mar 31, 2019.
What does GRUH Finance do?
GRUH Finance was founded in 1986 and is headquartered in Ahmedabad, India. Operations are conducted in the financial services sector, with a focus on housing finance. Affordable home loans are extended to support residential property purchases. Services are managed under the leadership of CEO and MD Sudhin Choksey, serving clients primarily in the Indian market.
Who are the top competitors of GRUH Finance?
GRUH Finance's top competitors include HomeFirst Finance, India Shelter Finance Corporation and HDFC.
Who are GRUH Finance's investors?
GRUH Finance has 1 investor. Key investors include Bandhan Bank.
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