Tyger Home Finance

history and milestone

Tyger Home Finance: History & Milestones

Tyger Home Finance Pvt Ltd, was established in September 2017 with a vision to contribute to the national objective of “Housing for All.” Our mission is to provide customized financing solutions tailored to the affordable housing segment, enabling individuals and developers to meet their housing needs effectively.

Key Milestones in Our Journey

2017: Foundation and Initial Operations
  • Incorporation: Tyger Home Finance was incorporated in September 2017, marking the beginning of our commitment to affordable housing financing.
  • License Acquisition: Received the Housing Finance Company (HFC) license, allowing us to commence operations in Gujarat and Maharashtra.
  • First Branch Launch: Opened our first branch in October 2017, laying the groundwork for our expansion.
2018-2019: Expansion and Growth
  • Geographic Expansion: Expanded operations to Rajasthan and Madhya Pradesh, increasing our reach and accessibility.
  • Customer Base Growth: Grew our customer base significantly, catering to the rising demand for affordable housing solutions.
2020: Resilience During Challenges
  • COVID-19 Impact Management: Successfully navigated the challenges posed by the COVID-19 pandemic while maintaining strong credit metrics and operational stability.
2021-2022: Strategic Developments
  • Acquisition of Essel Portfolio: Acquired a portfolio worth ₹143 crore from Essel, enhancing our asset base.
  • Branch Network Expansion: Doubled our branches and workforce, further expanding into Andhra Pradesh and Telangana while reinforcing our presence in existing states.
2023-2024: Continued Growth
  • Customer Milestone: Surpassed over 9,000 happy customers, reflecting our commitment to service excellence.
  • Loan Disbursement Achievement: Disbursed loans worth over ₹1,200 crore, demonstrating our financial strength and capability to support home financing needs.
  • Credit Rating: Achieved a CRISIL A+/A1+ rating, affirming our reliability and trustworthiness in the housing finance sector.

Vision and Mission

  • Vision: To be a world-class leader in businesses that enrich lives and contribute to nation-building through sustainable value creation.
  • Mission: To support India’s growth story by providing accessible financing solutions for affordable housing, thereby unleashing economic potential and driving growth.

Key Features of Tyger Home Finance

  • Customer-Centric Approach: Our team of seasoned professionals is dedicated to simplifying the lending process through innovative technology and personalized service.
  • Diverse Product Offerings: We cater to individual affordable housing loans while partnering with developers for constructing affordable housing units.
  • Pan-India Presence: With over 133 branches across India, we aim to bridge the significant gap in urban housing demand and supply.

Industry Context

According to the Ministry of Housing & Urban Poverty Alleviation (MHUPA), India faces a shortage of approximately 18.78 million urban housing units. With economically weaker sections (EWS) and low-income groups (LIG) accounting for 96% of this shortage, Tyger Home Finance is committed to addressing these challenges by making home financing accessible to all segments of society.

Looking Ahead

As we continue on our growth trajectory, Tyger Home Finance remains focused on fulfilling the national priority of “Home for All.” We are dedicated to enhancing customer experience while adapting to evolving market needs. Our commitment extends beyond financial transactions; we aim to empower individuals and communities through sustainable housing solutions that contribute to overall national development.
Join us on this journey as we strive to make affordable housing a reality for every Indian.