Aavas Financiers Crosses ₹25,000 Crore AUM, Reports 443 Branches

What was announced

On 1 November 2026, Aavas Financiers Limited said its assets under management had crossed ₹25,000 crore. The announcement was made in a press release dated 1 November 2026, datelined Jaipur, and filed with BSE under Regulation 30 of the SEBI (LODR) Regulations, 2015.

The company's latest reported figure before the milestone was AUM of ₹24,801 crore as of 30 September 2026, up 16.1% year on year. Earlier this year, management had said it expected AUM to cross ₹25,000 crore in October 2026.

Chief Executive and Managing Director Manu Singh called the milestone a proud and defining moment. He said the company's main measure of success is the number of households it serves, not only the size of its loan book.

Reach and customers

Aavas says that since its inception it has enabled more than 3.8 lakh families to access housing finance. The company has 443 branches and a permanent workforce of over 7,500 employees. A later report gives a figure of over 4,45,000 families served and 7,549 employees as of 30 September 2026, and says the company covers more than 260 districts and over 2,600 towns.

Aavas was incorporated as a private limited company in Jaipur on 23 February 2011 and began operations in March 2012. It lends to low and middle income customers in semi-urban and rural areas, many of whom lack the income documents that mainstream banks usually ask for, such as IT returns or salary slips.

• Home loans, the core product
• Loans against property
• MSME loans

Branch footprint

Aavas operates in 15 states and union territories. Rajasthan is its largest market, with 110 branches, about 25% of the total. Gujarat has 57 branches, Madhya Pradesh has 55 and Uttar Pradesh has 51. The company says more than 80% of its branches are in Tier 3 cities and beyond, where it sees limited competition from larger housing finance companies.

Half-year results

The company reported its Q2 FY27 and H1 FY27 results on 26 October 2026. Key figures were:

• Q2 FY27 net profit of ₹181.52 crore (standalone), up 10.73% from ₹163.93 crore a year earlier. Other reports round this to about ₹182 crore, up 11%.
• Revenue of ₹736.30 crore, up 10.39% year on year.
• Q2 FY27 disbursements of ₹1,891 crore, up 21% year on year.
• H1 FY27 disbursements of ₹3,506 crore, up 30% year on year.
• Gross non-performing assets of 1.11% and net non-performing assets of 0.70%.
• Yield of 12.66% against 13.08% a year earlier, with borrowing cost steady at 7.64%, giving a spread of 5.02%.
• Net interest margin up 11 basis points quarter on quarter to 7.81%.
• Cost-to-income ratio down 195 basis points year on year to 42.2%.

Management said it remains confident of keeping spreads above 5% even though borrowing costs are rising after the Reserve Bank of India raised the repo rate by 25 basis points.

Targets and product mix

For FY27, the company has set an AUM growth target of 16% to 17%. It expects disbursement growth of more than 20% over the long term and has outlined a long-term AUM ambition of ₹50,000 crore, with no date attached.

Management says its long-term target is a loan mix of 65% home loans and 35% non-home loans. Top-ups make up about 5% of disbursements. In the September 2026 quarter, housing loans were 63% of AUM and MSME loans were 23%.

What it means for borrowers, investors and the market

Borrowers. The company says it will keep strengthening its distribution, improve operating efficiency and invest in digital transformation, while staying committed to asset quality and governance. The milestone release does not describe any change in loan terms or products.

Investors. Commentators have said investors should watch whether AUM growth continues to come with stable asset quality and profitability. They have also flagged that keeping underwriting standards strict is the main challenge as the loan book grows, and that the business remains sensitive to interest rate changes and housing demand cycles. Prabhudas Lilladher reiterated a buy rating with a target of ₹1,685 and models AUM growth of 17% in FY27E and 18% in FY28E.

Local property market. None of the reports cover the effect of this milestone on property prices or sales volumes in any city.

What comes next

• The company said it expected to cross ₹25,000 crore in AUM in October 2026, and announced the crossing on 1 November 2026.
• Its next stated phase is a ₹500 billion (₹50,000 crore) AUM milestone. No date has been given.
• Its FY27 target is AUM growth of 16% to 17%.
• Its long-term ambition is ₹50,000 crore in AUM.

The next quarterly results will show whether AUM growth, asset quality and margins hold up as the company expands its loan book.

Background

Aavas crossed ₹20,000 crore in AUM on 21 March 2025, according to the company's website. It reported AUM of ₹20,420 crore at the end of March 2025, up 18% over March 2024. Its AUM stood at ₹22,204 crore in December 2025, up 15.4% year on year.

Separately, the board has appointed Anjali Karamnarayan Seth as an Independent Director and Bharat Chamanlal Thakkar as Head of Internal Audit.