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Overview Us


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“We do not tender Loan Products, rather we tender Happiness”

Akme Star Housing Finance Limited (ASHFL) is a professionally managed housing finance company (HFC) that provides long-term housing loans to customers belonging to low and middle-income groups, spread across the peripheries of urban, semi-urban and rural western part of India. Incorporated on March 17, 2005, the company received its Certificate of Registration from the National Housing Bank (NHB) in August 2009 and successfully commenced its operations from September 2009. With its foray into the rapidly growing and much talked about affordable housing sector underway, Akme Star Housing Finance has signed a MOU with the NHB for the Credit Linked Subsidy and is further looking to actively participate in the Pradhan Mantri Awas Yojana initiative.

Share of the company was listed on BSE SME Platform on 20th March, 2015. Bonus Shares issued in the ratio of 1:1 to its existing shareholders on 10th March, 2017. Subsequently, it has migrated to BSE Main board on 15th June, 2017. The shares of the company are actively traded on exchange.

The company was founded on the belief that the dream of owning a home should be attainable to one and all. Keeping with this vision, Akme Star Housing Finance brought together professionally qualified and financially sound promoters, visionary leadership and a highly experienced team of home loan professionals, all with a shared endeavour – to help people turn their home ownership aspirations into a reality, with the purchase of an affordable dwelling unit to call their own.

To achieve this, Akme Star Housing Finance has created and implemented robust procedures and processes for its Credit, Operations and IT departments, alongside establishing extremely strong Corporate Governance systems. The company follows the best ethical practices code in place and their mission of maintaining the highest transparency in all aspects of their business. Akme Star Housing Finance also stays updated with contemporary technology, employing state-of-the-art software and adopting excellent technological frameworks to ensure smoother processes and a friendly environment. All these factors serve to ensure that Akme Star Housing Finance maintains its unbeatable efficiency in customer delivery.

The other driving force behind the company’s success is their actual product portfolio – all ASHFL offerings stay true to their core organizational values of inclusivity, maintaining a keen focus on thin-file clients and the underserved sections of the society, which form the lower and middle levels of the income pyramid. So along with a host of innovative and flexible home loans that can enable the purchase, construction, extension and repair of affordable dwelling units, Akme Star Housing Finance also provides Loan Against Property (LAP) products.

With a focused approach to growth and expansion in the affordable housing segment, Akme Star Housing Finance is set to scale up operations from its current dominance in southern Rajasthan. The next few months will see the company expanding its operations throughout the Rajasthan, M.P. Gujarat and Maharashtra, followed by a phase-wise approach to deeper penetration in these states.

Business Segment

AKME 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. AKME uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them. AKME believes that every customer is 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

AKME 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 abovementioned 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.

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

Area of Operations

AKME 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 AKME is operating in 4 states namely Rajasthan, Gujarat, Maharashtra and Madhya Pradesh.

Manpower

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.