Aditya Birla Housing Finance Secures Rs 830 Crore Investment from International Finance Corporation (IFC)

Varahi media.com online news,Mumbai, January 29, 2025: Aditya Birla Housing Finance Limited (ABHFL), a 100% subsidiary of Aditya Birla Capital, a leading diversified financial services company in India, has successfully secured an investment of Rs 830 Crore through Non-Convertible Debentures (NCDs) from the International Finance Corporation (IFC).

The funds raised will primarily be used to bridge critical gaps in the housing finance sector, particularly by providing affordable housing loans to low-income and middle-income groups (LIG and MIG). A special emphasis will be placed on promoting homeownership among women. In addition, part of the funding will be directed towards supporting MSMEs, with a particular focus on women-led businesses, to stimulate economic growth and development. This investment aligns with ABHFL’s mission to enhance financial inclusion and uplift underserved communities in the affordable housing and MSME sectors.

Pankaj Gadgil, MD & CEO of Aditya Birla Housing Finance Limited, commented, “This partnership with IFC is a significant milestone for us in driving financial inclusion and equitable growth. At Aditya Birla Housing Finance, we are dedicated to offering inclusive home financing solutions that make the home loan journey smoother and more accessible.

This initiative will empower underserved groups, especially women borrowers, while simultaneously supporting MSMEs to foster entrepreneurial growth and economic empowerment. Through this collaboration, we combine IFC’s global expertise with our vision to create an accessible, sustainable financial ecosystem in India.”

Wendy Werner, Country Head of India and Maldives at IFC, stated, “A strong housing sector and improved financial access for MSMEs are key to India’s sustainable development. Our partnership with Aditya Birla Housing Finance will help expand access to affordable housing finance, especially for women seeking to own businesses.

The private sector plays a crucial role in the growth of the housing and MSME sectors, and through this collaboration, we are enhancing financing opportunities for women across the financial ecosystem-critical to advancing long-term economic inclusion.”

Aditya Birla Housing Finance is committed to providing innovative solutions that not only address existing challenges but also pave the way for a more inclusive and sustainable financial ecosystem in India.