Can Fin Homes Ltd is one of the top players in the housing finance sector, in the country. The Company has completed many successful years of operation in the field of home finance and has a renowned history of making profits and paying dividends continuously, since inception in 1987.
The company has several branches and satellite offices linked to the Registered Office at Bangalore through a core banking platform. Being a south based company, 70% of its branches are located in southern India.
Since its inception in 1987, the company continues to promote home ownership across the country with the motto of friendship finance and good service. The company has been progressively working towards its vision of sustaining high asset quality, business growth and favourable profit margins.
Business area of the company
Can Fin Homes is a Housing Finance Company offers finance for construction of a house, loan for the purchase of a flat or house, finance for the acquisition of a plot and construction of a house on the same. Under the composite housing loan scheme; it offers loan for the extension of existing house and loan towards the repairs, renovation and upgradation of a house or flat. Can Fin also provides offers fixed deposit, cumulative deposit, fixed deposit scheme for senior citizens, cumulative deposit scheme for senior citizens, Canfin Trust Fixed Deposit scheme and Canfin Trust Cumulative Deposit scheme.
Milestones
- 1987: 1st branch of CFHL inaugurated at Jayanagar, Bangalore on 26th Dec
- 1988: Opened fist branch outside South India at Delhi
- 1991: The company’s loan book size crossed Rs 100 crore
- 2012: Completed 25 Years
- 2012: Disbursements crossed Rs 1000 crore
- 2012: 50th Branch of Can Fin opened at NCR-Pitampura
- 2013: Migrated to CBS platform (Integrated Business Suite) Loan Book size crossed 10,000 crore
- 2014: Operating Profit crossed Rs 100 crore
- 2014: 100th Branch of Can Fin at Begur, B’lore inaugurated on 5th July
- 2014: Opened first Satellite Office ISO) at Yelahanka (have 36 SOs now)
- 2014: Received AAA Rating for loans/NCDs, Al for CP
- 2015: Net Profit surpassed Rs.I00 crore mark
- 2015: Raised Rs.276 crore capital under Rights Issue (March 2015)
- 2015: Became a mid-cap stock (Rs 1000 crore mCap)
- 2015: Became a mid-cap stock (Rs 1000 crore mCap)
- 2015: The company’s Share price crossed Rs 1000 on stock exchanges on 9th Oct 2015
- 2016: Loon Book surpassed 10,000 crore mark on 31st Jan 2016
- 2016: mCap crossed Rs 3000 crore as on 31st March
- 2016: Opened 120th Branch & 50th Satellite Office during Apr-May
- 2017: Can Fin Homes enters 30th year of its service to the society
- 2017: Loan Book ahead of Rs.3000 crore (as at mar 17)
- 2017: Fresh approvals crossed Rs.5000 crore matt for the FY
- 2017: The HFC which was least affected by Demonetisation
- 2017: Crossed outstanding clientele base of 1,00,000 for the first time
- 2017: Opened 15 Affordable Housing Loan Centres (AHLC)
- 2018: Runner-up in NBFC category FY17 by FE India's Best Banks Awards 2018
- 2018: Foray into distribution of fife Insurance products through Corporate Agency
- 2018: Can Fin Homes made its foray into the states of Punjab and West Bengal
- 2019: Loan Book crossed the Rs.19003 crore mark
- 2019: Foray into distribution of general insurance products through Corporate Agency