Star Housing Finance Limited

About Star Housing Finance Limited bond.

This comprehensive profile covers key factual information about Star Housing Finance Limited. SHFL (erstwhile Akme Star Housing Finance Limited [ASHFL]) is a small-sized housing finance company primarily engaged in financing housing loans. ASHFL commenced operations from September 2009 after getting registered with NHB. Initially, the company was incorporated as Akme Buildhome Pvt. Ltd. on March 17, 2005, built by two promoter families, Late Dr. Mohan Lal Nagda and Nirmal Jain. Subsequently, the company’s name was changed to Akme Star Housing Finance Pvt. Ltd. in October 2009 and its constitution was changed to public limited and name was changed to ASHFL in November 2009. The company was listed on BSE in March 2015. Ashish Jain took over as the Chairman and Managing Director post death of his father in 2018. Arkfin Investments Private Limited (Arkfin) invested equity capital of ₹15.5 crore in October 2019 for a stake of 21.5%. Arkfin is a group founded by a group of professionals from housing finance, banking, and non-banking fields and currently holds 16.33% equity stake as on March 31, 2024. The company has expanded its branch network to six states with 34 branches with AUM of ₹471 crore as on June 30, 2024. EPS in Mar-2024 was 1.13. Current ratio in Mar-2024 was 2.61. Debt/Equity in Mar-2024 was 3.02. Debt/EBITDA in Mar-2024 was 29.42. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was -0.03. Total revenue for Mar-2025(E) was ₹72.41. Net income for Mar-2025(E) stood at ₹17.08. Total assets as of Mar-2024 were ₹490.30. Operating cash flow for Mar-2024 was ₹-129.00. The company’s borrowing relationships include Capital India Finance Limited (₹N/A Cr), Cholamandalam Investment and Finance Company Limited (₹N/A Cr), Hinduja Housing Finance Limited (₹N/A Cr), Hinduja Leyland Finance Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Indian Overseas Bank (₹N/A Cr), LIC Housing Finance Limited (₹N/A Cr), Maanaveeya Development & Finance Pvt. Limited (₹N/A Cr), MAS Financial Services Limited (₹N/A Cr), MAS Rural Housing and Mortgage Finance Limited (₹N/A Cr), National Housing Bank (₹N/A Cr), Proposed (₹N/A Cr), State Bank of India (₹N/A Cr), Sundaram Home Finance Ltd (₹N/A Cr), Tata Capital Limited (₹N/A Cr), Union Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Star Housing Finance Limited, Bajaj Finance Limited, Jio Financial Services Limited, Cholamandalam Investment and Finance Company Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Adequate capitalisation and gearing levels; Moderate profitability levels; Improvement in scale of operations; Moderately diversified resource profile; Experienced management team ; Liquidity: Adequate. Key risks include: Moderate asset quality and low seasoning of portfolio; Moderate track record of operations and geographical concentration ; Inherent risk associated with the borrower segment. Leadership team details include Ajit Kumar Sathpathy (Chief Risk Officer), Ajith Kumar Lakshmanan (Independent Non-Executive Director), Amlendra Prasad Saxena (Independent Non-Executive Director), Anoop Saxena (Chief Operating Officer), Bhanwar Singh Kachhawaha (Chief Compliance Officer), Chinnathambi Ilango (Independent Non-Executive Director), Kalpesh Dave (Director & CEO), Kavish Jain (Executive Director), Natesh Narayanan (Chief Financial Officer), Neelam Tater (Independent Non-Executive Director), Pradip Kumar Das (Independent Non-Executive Director), Shreyas Mehta (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.