<dhhead>Message from Our MD & CEO</dhhead>
Dear Shareholders,
Aadhar's journey in 2024-25 reflects a pivotal transition, from
strength to scale, and from private resilience to public trust. Riding this momentum, we
delivered strong results, demonstrated strategic resilience, and pursued purposeful growth
throughout the year. Our IPO listing opens a new chapter, one not only measured by
financial milestones but also by a deeper dedication to transparency, inclusion, and
meaningful impact.
Central to this commitment is our focus on Integrating Technology and
Elevating Experience, ensuring every home loan we disburse is backed by speed, simplicity,
and a seamless customer journey. Yet, Aadhar's future will rest on a strategy that
transcends mere digitisation.
We believe that real transformation begins at the intersection of human
need and digital innovation. For us, technology is not a disruption but a powerful
enabler. It simplifies complexity, accelerates scale, and builds trust at every
interaction.
Our strategy is grounded in using technology to enhance decisionmaking,
streamline operations, and, above all, craft financial journeys that are seamless,
inclusive, and deeply personal. Through this, we are shaping an organisation that is not
only efficient but empathetic, future-ready, and purpose-driven.
Drawing on India's Economic Growth Momentum
India's economy has shown remarkable resilience, with GDP expected to
grow at 6.5% in 2024-25, supported by robust consumer demand, increased government
expenditure, and sustained investment flows. Fiscal consolidation, stable inflation, and
robust tax collections have further reinforced macroeconomic stability.
Rising urbanisation, a growing working- age population, and digital
infrastructure expansion are shaping a consumption- led growth journey. With improving
credit offtake and steady investment inflows, India remains well-positioned for longterm
structural growth.
Expanding Horizons in India's Housing Finance
Ecosystem
India's housing sector stands at a pivotal juncture, fuelled by strong
demand and decisive government support. Rapid urbanisation and the emergence of satellite
cities are reshaping housing needs, driving greater demand for affordable homes. The
government's focus on housing as a key pillar of inclusive growth is evident in the
increased budget allocation of ' 30,170 Cr. for 2024-25 towards housing for all
initiative.
Despite this progress, India's mortgage- to-GDP ratio remains
significantly lower than that of developed markets. This presents a transformative
opportunity for housing finance institutions to play a catalytic role in enabling access
and widening financial inclusion. We view this as a transformative moment and remain
committed to translating this growth into wider accessibility and inclusion across the
country.
Notable Milestones during the Year
This year has been truly defining for us. We surpassed an AUM of ' 255
billion, marking a robust 21% year-on-year growth. This achievement reaffirms our
sustained momentum and strengthens our position as India's leading affordable housing
finance provider.
Complementing this growth, our total income surged by 20% to ' 31,089.1
million, reflecting higher revenue from expanded lending operations and increased market
demand. Additionally, our ROA improved by 11 basis points to reach 4.3%, while profit
after tax
As we invest in sustainable growth, we also prioritise our people,
because we believe, 'When we take care of our people, everything else falls into place. ^
grew nearly 22% year-on-year. These results reflect effective cost
control and operational efficiency that boosted our bottom line. Incremental disbursements
also showed steady growth, reaching ' 81,921 million for the year, signalling strong
demand and disciplined execution across all lending segments. This was complemented by a
healthy GNPA decline to 1.05% and collection efficiency consistently above 100%.
ALIGN='JUSTIFY'>Geographically, we expanded significantly, now present in 21 states
with 580 branches reaching out to 545 districts. We opened 57 new branches, broadening our
reach to nearly 3 lakh live customers. A key upcoming milestone is our planned entry into
the Northeast region, with our first branch launched in Guwahati in April 2025, aligning
with NHB's vision for financial inclusion and the Government's 'Housing for All' mission.
Technology for Scale and Efficiency
This year marked a major leap in our digital and data science journey,
strengthening the foundation for scale, efficiency, and future readiness. Our fully
digitised processes cut the time from door-to-login to just 25 to 35 minutes, enabling
seamless, paperless onboarding and faster credit decisions. With over 129,000 customer app
logins, our digital servicing channels continue to see rising engagement. More
importantly, we now harness AI and machine learning to reinvent credit underwriting,
portfolio management, and customer engagement. Predictive risk scorecards, and real-time
segmentation sharpen how we assess
and respond to borrower behaviour, leading to better decisions and
stronger asset quality.
Besides enhancing efficiency, these innovations are deepening our
understanding of customers, enabling more personalised experiences, faster turnaround
times, and proactive risk interventions. As we continue this journey, our aim is to build
a digitally empowered, insight-driven organisation that scales responsibly, adapts
intelligently, and stays firmly aligned with the evolving aspirations of the nation.
Our Sustainability Initiatives and Social
Responsibility
Sustainability is deeply intertwined with our commitment to social
responsibility and community wellbeing. In 2024-25, we successfully certified 90 green
houses nationwide, with Karnataka contributing 44 of these certifications, demonstrating
strong regional adoption of sustainable construction. Through our collaboration with the
International Finance Corporation, we are promoting affordable green homes that help
reduce electricity and water costs by at least 20%, directly benefiting underserved
families.
As we invest in sustainable growth, we also prioritise our people,
because we believe, 'When we take care of our people, everything else falls into place.'
With the 4,583 employees who embrace this philosophy, we are creating
an enduring, inclusive future where environmental, social, and human values thrive
together.
The Road Ahead
Looking forward, our strategy is anchored in sustainable and inclusive
growth, driven by innovation, digital transformation, and geographic expansion. We
continue to deepen our presence in underserved markets by using data-driven insights and
technology to tailor products for diverse customer needs.
Improving operational efficiency and asset quality will remain top
priorities, supported by a strong focus on prudent risk management. Our portfolio remains
well-diversified, with no single state contributing more than 14% to our total AUM. This
reflects our disciplined approach to risk and our long-term view on sustainability. On the
liability side, we will stay committed to diversification that enables stable and
cost-effective funding.
As we step into our next phase of growth, I am confident in Aadhar's
ability to adapt, evolve, and lead with purpose. Our commitment to financial inclusion,
responsible lending, and operational excellence remains firm. Moreover, we will continue
to strengthen our foundation through technology and improve customer experience at every
step.
I extend my heartfelt gratitude to all our stakeholders for their trust
and support as we move forward, empowering more lives through affordable housing.
With Regards, |
Rishi Anand |
MD & CEO |