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AAVAS FINANCIERS LIMITED (Formerly known as “Au HOUSING FINANCE LIMITED”) was originally incorporated as a private limited company at Jaipur, Rajasthan, under the name of “Au Housing Finance Private Limited” on February 23, 2011.

Company got registered with National Housing Bank (subsidiary of Reserve Bank of India) as a Housing Finance Company (HFC) and awarded the license from National Housing Bank (NHB) in August 2011.

It formally started its operations in March, 2012.

Subsequently, the name of the Company was changed to “Au Housing Finance Limited” due to conversion from a private company to a public company on January 10, 2013.

In March, 2017, the name of the company was changed from “Au HOUSING FINANCE LIMITED” to “AAVAS FINANCIERS LIMITED” (AAVAS) vide fresh Certificate of Incorporation (COI) dated 29th March, 2017.

AAVAS is engaged in the business of providing housing loans, primarily in the un-served, unreached and under-served market which include the States of Rajasthan, Maharashtra, Gujarat, Madhya Pradesh, Haryana, Uttar Pradesh, Chattisgarh, and Delhi.

Business Segment

AAVAS is primarily engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are credit worthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks. AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them.

AAVAS believes that every customer are unique and so far as his financial needs & feel it is absolutely necessary not to treat them as homogenous group of borrowers but appreciate the individual need of every customer, and offer housing Finance solutions that are appropriate and suitable to them.


Our Target Customers

AAVAS is engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are the people who are either self-employed, running small businesses like providing transportation facilities in auto rickshaw or other vehicles, running grocery shops, tiffin centers, beauty parlous and other businesses or these customers are carrying out business of agri or animal husbandry products in rural areas or salaried class people who are carrying out small jobs in private or public sector.

All above people have one prime aspiration of owning their own home and thereby creating an adorable environment for their family members to live in.

These are credit worthy customers that lack financial inclusion because of underdeveloped banking facilities or due to lack of documents like IT returns, salary slips, etc. and hence are excluded by other mortgage companies.

AAVAS uses a unique appraisal methodology to assess these customers individually and delivers tailor-made financing solutions.


Area of Operations

AAVAS caters the needs of various small families in rural areas, towns, and a city’s peripheral area and other semi-urban areas to meet their life time dream to own their own house.

Presently AAVAS is operating in 8 states namely Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chattisgarh and Haryana.

Number of Branches

State Number of Branches
Rajasthan 72
Maharashtra 33
MP 24
Gujarat 27
UP 1
Delhi 2
Haryana 3
Total No. of Branches 165



The Company has a team of dedicated staff members including highly qualified professionals like Chartered Accountants, Company Secretaries, MBAs etc. who have been contributing to the progress and growth of the Company. The manpower requirement of the offices of the Company is assessed and recruitment is conducted accordingly. Personal skills of employees are fine-tuned and knowledge is enhanced by providing them internal and external training, keeping in view the market requirement from time to time.


AAVAS is engaged in 3 types of products mentioned below under its housing finance business:-

  • Finance for Purchase
    The product is designed to purchase individual dwelling units, flats in low cost buildings, detached and semi-detached units, cluster units, and residential units. This is also applicable for properties under construction or ready built property.
  • Finance for Construction
    The product is designed to offer loans for construction on a plot of land, which has been already acquired.
  • Finance for Home Extension
    This product is designed to offer loans to individuals for extension of an existing home unit, which can include construction of additional rooms, floors etc.

AAVAS also launched “Special Urban Low Income Housing Product” and “Specific Women Ownership Product” in line with NHB’s refinance scheme for the Special Urban Housing Refinance Scheme for Low Income Households and Refinance Scheme for Women.

Board of Directors
Our Team
Mr. Kartikeya Kaji

Mr. Kartikeya Kaji

Investor Nominee Director (on behalf of “Kedaara Capital”)
Mr. Kartikeya Kaji is a Principal at Kedaara Capital Advisors LLP, a private equity advisory firm focused on India. Kedaara offers solution-oriented capital combining deep strategic

Mr. Manas Tandon

Mr. Manas Tandon

Investor Nominee Director (on behalf of “Partners Group”)
Mr. Manas Tandon, Managing Director, Private Equity India Manas Tandon is part of the Asia private equity team, based in Mumbai.

Mr. Nishant Sharma

Mr. Nishant Sharma

Investor Nominee Director (on behalf of “Kedaara Capital”)
Mr. Nishant Sharma is a Co-Founder & Managing Director of Kedaara Capital Advisors LLP, an investment advisory firm focused on India.

Mr. Vivek Vig

Mr. Vivek Vig

Investor Nominee Director (on behalf of “Partners Group”)
Mr. Vivek Vig is a Post-Graduate from the Indian Institute of Management (Bangalore). Since then he has gained over 30 years of Retail Banking experience in India and different parts of the globe.

Mr. K. R. Kamath

Mr. K. R. Kamath

Investor Nominee Director (on behalf of “Kedaara Capital”)
Mr. K.R. Kamath is the former Chairman & Managing Director of Punjab National Bank (2009-14). He also served as Chairman of PNB Housing Finance Ltd.

Mr. Sandeep Tandon

Mr. Sandeep Tandon

Independent Director
Mr. Sandeep Tandon Co-founded Accelyst Solutions Pvt. Ltd. in 2010 and has been its Chief Business Officer since September 1, 2015.

Mrs. Kalpana Iyer

Mrs. Kalpana Iyer

Independent Director
She is the former director of Positron Advisory Services. She was also the Sr. Vice President at Citibank where she was in charge of the new initiative in retail banking- women’s banking

Mr. Krishan Kant Rathi

Mr. Krishan Kant Rathi

Independent Director
He holds a bachelor’s degree with honors in commerce from the Rajasthan University. He is a qualified chartered accountant as a member of the Institute of Chartered Accountants of India.

Mr. Sushil Kumar Agarwal

Mr. Sushil Kumar Agarwal

Whole Time Director & CEO
He is heading Aavas Financiers Limited (Formerly known as “Au HOUSING FINANCE LIMITED”) since, its inception. He has vast experience of more than 15 years…



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