MUMBAI (INDIA): Khush Housing Finance (KHFL), which focuses on EWS and urban poor, said as part of expansion, it plans to set up 30 offices across the country in the next three years.
“The company plans to set up 30 offices across the country in the next three years. We are also looking to expand our presence in the other states by opening new offices in the coming months.
“It currently operates out of 10 branches – 8 in Maharashtra at Thane, Virar, Pune, Kolhapur, Aurangabad, Ahmednagar, Nashik and Borivali (Mumbai) and two in Gujarat at Surat and Ahmedabad,” KHFL CEO & Managing Director Amit Magia said in a statement here.
The promoter group has infused additional Rs 25 crore in company’s equity capital, thereby taking equity capital to Rs 50 crore, Magia said.
KFHL, which commenced its lending operation January 2016, largely operates under the Pradhan Mantri Awas Yogna (PMAY) in the cities and towns designated by regulator NHB. As on January 31, the company had done business of Rs 52 crore.
Currently, the company has close to 500 customers and plans to expand its customer base to around 700 by March 31. It also plans to increase the total business size to Rs 80 crore during the same period, the statement added.
Source: Press Trust of India