About SHFL
SHFL is a Financial Services company based in Mumbai (India) founded in 2010 by Ravi Subramanian, and was acquired by Warburg Pincus in May 2024. Affordable housing finance services are provided in India. The company has 4,515 employees. Its chief executive, as recorded, is Ravi Subramanian. Its Indian entity Truhome Finance Limited reported revenue of ₹2,483 Cr. SHFL offers products and services including Home Loan, Loan Against Property, Balance Transfer Loan, Home Extension Loan, and Top-Up Loan. Its focus areas include Consumer and SME Loans, Consumer Loans and Home Loans. Its competitors include India Shelter Finance Corporation, HDFC and Ummeed Housing Finance; 2 of its 3 listed competitors have raised funding.
Company details
Founded in 2010 and based in Mumbai, India, SHFL operates in the housing finance sector. Various loan products are offered, such as home loans, home improvement loans, home extension loans, and loans against properties. Services focus on semi-urban and peri-urban areas, with flexible repayment options and streamlined application processes available. Balance transfer facilities and top-up loans are extended to existing customers.
- Headquarters Mumbai, India
- Employees 4,515
- Founders Ravi Subramanian
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website shriramhousing.in
- Social LinkedIn Facebook YouTube
- Acquired by Warburg Pincus (May 2024)
- Legal Name Shriram Housing Finance Limited
- Date of Incorporation 09 Nov, 2010
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹2,483 Cr
FY 2026 · +30% YoY
- Net Profit₹491 Cr
FY 2026 · 20% margin
- EBITDA₹1,749 Cr
FY 2026 · 70% margin
- Latest Funding Round$38.07M (USD), Debt – Conventional
Jun 2020
- InvestorsICICI Bank
& 5 more
- Employee Count4,515
- Acquired byWarburg Pincus
(May 2024)
Associated legal entities of SHFL
SHFL operates through Truhome Finance Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Truhome Finance Limited CIN U65929TN2010PLC078004 | Active | 09 Nov 2010 | Chennai, Tamil Nadu | ₹2,483 Cr | 2,909 | 9 | View details |
Products & Services of SHFL
SHFL offers a comprehensive portfolio of products and services, including Home Loan, Loan Against Property, Balance Transfer Loan, Home Extension Loan, and Top-Up Loan.
Financing for property purchase with quick approvals and flexible terms
Secured loans using residential or commercial property as collateral
Transfers existing loans to reduce EMI burden and get better rates
Funding for extending home space with competitive interest rates
Additional loans on existing home loans up to Rs. 10 Crores
Apps and channels of SHFL
its YouTube channel TruhomeFinance has 355 subscribers and 17 videos.
Videos from SHFL
The most watched videos on SHFL's YouTube channel, TruhomeFinance (355 subscribers). Click a video to play it here.
More on TruhomeFinance.
Funding Insights of SHFL
- Total Rounds 2
- Last Round Debt – Conventional — $38.07M
- First Round $95.29M
(Nov 2019)
- Investors Count 5
All 2 funding rounds of SHFL with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | $38.07M | Debt – Conventional | – | – | – |
| Nov 2019 | $95.29M | Debt – Conventional | – | – |
6 investors in total: 6 institutional.
Investors in SHFL
SHFL has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include ICICI Bank, Canara Bank and Indian Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multi-stage private equity investments are pursued across diverse sectors. | 1966 | warburgpincus.com | New York, United States | |
Commercial bank | 1906 | canarabank.com | Mangaluru, India | |
Commercial bank | 1994 | icicibank.com | Mumbai, India | |
Apex financial institution for housing finance | 1988 | nhb.org.in | Delhi, India | |
Commercial bank | unitedbank.co.in | Kolkata, India | ||
Commercial banking services are offered to individuals and corporates. | 1907 | indianbank.in | Chennai, India |
Investor details for SHFL
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Board of directors of Truhome Finance Limited (SHFL)
Truhome Finance Limited is the primary company behind SHFL. The board of Truhome Finance Limited currently have 6 directors; the longest-serving is Subramanian Jambunathan, appointed in 2018. 28 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subramanian Jambunathan DIN 00969478 | Managing Director | 20 Jul 2018 | 8 yrs 3 mo | Truhome Finance Limited |
| Arvind Kathpalia DIN 02630873 | Director | 11 Dec 2024 | 1 yr 10 mo | Truhome Finance Limited |
| Aruna Krishnamurthy Rao DIN 06986715 | Director | 11 Dec 2024 | 1 yr 10 mo | Truhome Finance Limited |
| Ajay Kumar Choudhary DIN 09498080 | Director | 11 Dec 2024 | 1 yr 10 mo | Truhome Finance Limited |
| Hemant Omprakash Mundra DIN 08192978 | Director | 11 Dec 2024 | 1 yr 10 mo | Truhome Finance Limited |
| Dinesh Khara DIN 06737041 | Director | 02 Feb 2026 | 9 mo | Truhome Finance Limited |
People of SHFL
29 people are tracked at SHFL (14 in leadership, 3 in board & advisors, 12 in team); the tracked headcount is 4,515.
| Name | Role | Group |
|---|---|---|
Ravi Subramanian | Founder & CEO | Leadership |
Gokul Nathan S S | Deputy Vice President - HR / Zonal HR Manager /lead Incharge -l&d | Leadership |
Easwaran Krishnan | Head, Human Resources | Leadership |
Dhaval Modi | Executive Vice President And Head Credit | Leadership |
Umesh Waghade | Business Head, Construction Finance & Structured Lending | Leadership |
G S Agarwal | Whole Time Director & CFO | Leadership |
Amit Bhatia | Head, Marketing & Insurance Distribution | Leadership |
Leena Joshi | Head, Operation & Customer Service | Leadership |
Sanjiv Gyani | Head, Compliance & Regulatory Interface | Leadership |
Siddhartha Pakrasi | Executive Director - Chief Business Officer | Leadership |
W. Christopher Robin | Head, Internal Audit | Leadership |
Ashwini Kale | Vice President - Head Customer Service | Leadership |
Naresh Vigh | President And Head - Micro LAP And Direct Business ( North) | Leadership |
Mohammed Vasi | Deputy Vice President | Leadership |
Yalamati Srinivasa Chakravarti | Director | Board & advisors |
Venkataraman Murali | Independent Director | Board & advisors |
Lakshminarayanan Priyadarshini | Independent Director | Board & advisors |
Vishalya Jain | Senior Marketing Manager | Team |
Yogeeni Jadhav | National Legal Manager | Team |
Nabin Goel | Area Credit Manager | Team |
9 more people are available in the full profile.
Complete people profiles for SHFL
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Financials of SHFL
Figures of Truhome Finance Limited, the primary company behind SHFL, for FY 2026. Revenue was ₹2,483 Cr (+30% year on year). Net profit was ₹491 Cr (20% margin). EBITDA was ₹1,749 Cr (70% margin). Revenue has grown at a compounded annual rate of +46% over three years and +42% over five years.
- ₹2,483 CrRevenue · FY 2026 · +30% YoY
- ₹491 CrNet profit · 20% margin
- ₹1,749 CrEBITDA · 70% margin
- ₹480 CrPaid-up capital
- 2,909Employees (provident fund records)
- +46%Revenue CAGR, 3 years
- +42%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Truhome Finance Limited are on its company page.
Detailed financial statements for SHFL
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
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Timeline of SHFL
4 dated milestones of SHFL across 14 years, from founding to its latest funding, stage changes and deals.
- Founded SHFL is founded.
- Funding First funding round of $95.3M.
- Funding Latest funding round, Debt – Conventional, of $38.1M.
- Exit Acquired by Warburg Pincus.
Competitors of SHFL
SHFL has 3 listed competitors in our database, 2 of them funded. They include India Shelter Finance Corporation, HDFC and Ummeed Housing Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indiashelter.in | 2010 | Gurugram, India | $111.02M | 3,323 | Housing loans are extended to middle-income households in India. | |
| hdfc.com | 1977 | Mumbai, India | 213,527 | Provider of housing finance solutions | ||
| ummeedhfc.com | 2016 | Gurugram, India | $121.17M | 1,643 | Real estate financing company |
Detailed competitors of SHFL
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- Full competitor set
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Web traffic of SHFL
The website of SHFL (shriramhousing.in) receives about 3.4K visits a month.
- Monthly visits3.4K
▲ 84.5% vs previous month
Websites whose visitors overlap most with SHFL. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| shriramcapital.com | 100% | 14.6K | #1,676,973 | View details | |
| stfc.in | 88% | 30.9K | #752,108 | View details | |
| shriramcity.in | 86% | View details | |||
| reliancehomefinance.com | 84% | View details | |||
| shriramchits.in | 84% | #1,457,632 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 22 similar websites and full traffic analytics for SHFL
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- 22 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as SHFL (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 204.93 M | 1,634 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 167 |
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Related news about Shfl
Complete news archive for SHFL
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Frequently Asked Questions about SHFL
SHFL was founded in 2010 and raised its 1st funding round 9 years after it was founded.
SHFL is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ravi Subramanian is the CEO of SHFL, as recorded in our data. They have also founded this company.
SHFL has 4,515 employees.
The primary company behind SHFL, Truhome Finance Limited, reported revenue of ₹2,483 Cr for FY 2026, up 30% year on year.
Founded in 2010 and based in Mumbai, India, SHFL operates in the housing finance sector. Various loan products are offered, such as home loans, home improvement loans, home extension loans, and loans against properties. Services focus on semi-urban and peri-urban areas, with flexible repayment options and streamlined application processes available. Balance transfer facilities and top-up loans are extended to existing customers.
SHFL's top competitors include India Shelter Finance Corporation, HDFC and Ummeed Housing Finance.
SHFL offers Home Loan, Loan Against Property, Balance Transfer Loan, Home Extension Loan, and Top-Up Loan.
SHFL has 6 investors. Key investors include ICICI Bank, Canara Bank, Indian Bank, Warburg Pincus, and National Housing Bank.
SHFL operates through Truhome Finance Limited.
Yes. SHFL was acquired by Warburg Pincus in May 2024.
The legal entities of SHFL currently have 8 directors, including Gauri Shankar Agarwal, Subramanian Jambunathan, Puja Kirit Shah and others.