Truhome Finance Expands Vision Post Warburg Pincus Acquisition
Deal News | Jan 16, 2025 | Warburg Pincus
Shriram Housing Finance, recently acquired by Warburg Pincus and co-investors including QIA, has rebranded to Truhome Finance. This rebranding follows a significant investment that boosts the company’s net worth to over 3,300 crore, marking a new chapter in its growth journey. Truhome Finance continues its mission to provide affordable housing finance to underserved communities across India. With over 165 branches and assets under management of 16,000 crore as of December 2024, Truhome Finance stands as a leading player in the sector. The rebranding aligns with the strategic vision to enhance growth and ensure financial accessibility. Warburg Pincus, a global leader in private equity growth investing, emphasizes the acquisition's goal to scale operations and foster inclusive financial solutions.
Sectors
- Private Equity
- Financial Services
- Real Estate
Geography
- India – Truhome Finance operates in India as a leading housing finance company.
- Global – Warburg Pincus, with global operations and presence, influences the cross-border investment and growth strategy.
Industry
- Private Equity – Relevant due to Warburg Pincus' role in acquiring Shriram Housing Finance, rebranding it to Truhome Finance.
- Financial Services – Shriram Housing Finance, now Truhome Finance, is a financial services entity focused on housing finance in India.
- Real Estate – Truhome Finance operates in the affordable housing finance sector, which directly impacts the real estate industry.
Financials
- 1,225 crore – The investment received by Shriram Finance Group as part of the acquisition deal.
- 3,300 crore – The increased net worth of the company following the acquisition and investment.
- 16,000 crore – Assets Under Management (AUM) of Truhome Finance as of December 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Truhome Finance Limited | Target Company | Company | Formerly Shriram Housing Finance, it is now rebranded and focusing on affordable housing finance following acquisition. |
| Shriram Finance Group | Selling Company | Company | Previous owner of Shriram Housing Finance before the acquisition by Warburg Pincus and co-investors. |
| Warburg Pincus | Bidding Companybuyer | Company | A global private equity firm leading the acquisition and rebranding of Truhome Finance. |
| Qatar Investment Authority (QIA) | Co-Investor | Company | Qatar’s sovereign wealth fund participating as a co-investor in the acquisition of Shriram Housing Finance. |
| National Housing Bank (NHB) | Regulator | Government | The regulatory body with which Truhome Finance is registered. |