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Altum Credo Home Finance, a housing finance company catering to first-time homeowners from low-income groups, has raised INR 170 crore in equity funding from British International Investment. The infusion will support geographical expansion across India and improve the company's IT and digital infrastructure. Altum Credo indicated that this development would enhance operational efficiency, strengthen customer engagement, and reinforce its digital delivery channels.
Altum Credo Home Finance has secured a fresh equity investment of INR 170 crore from British International Investment, the United Kingdom's development finance institution. The company emphasised that this capital would be directed towards strengthening both its geographical reach and its technological capabilities. The funding is expected to accelerate its growth trajectory in the affordable housing finance sector, a segment where demand for credit continues to rise as more first-time homebuyers seek formal financing options. Advertisement
The organisation, which primarily serves customers from lower-income groups, explained that the new investment will enable it to expand deeper into its existing operational territories across India. Management noted that the company has already built a meaningful presence in multiple regions and sees considerable potential in underserved housing markets. By channelling funds into expansion, Altum Credo aims to cater to a wider customer base while continuing to focus on affordable home loans for those who lack access to mainstream financial services.
In addition to market growth, a significant portion of the funds will be invested in upgrading the company's IT systems and digital backbone. According to the leadership, strengthening digital platforms will improve operational controls, enhance efficiency, and deliver a smoother experience for customers. The company also highlighted that greater use of technology would help scale operations while maintaining high standards of service delivery.
Altum Credo further disclosed that its current assets under management exceed INR 1 000 crore, underlining its steady growth since inception. With this latest backing from British International Investment, the company sees an opportunity to reinforce its position as a key player in the affordable housing finance space. The deal is also seen as a strong vote of confidence from a global institutional investor in the long-term potential of India's housing finance market.
By combining geographical growth with technology upgrades, the company intends to serve a larger customer base with greater efficiency and improved service quality. The development highlights continued international interest in India's affordable housing sector and signals growing investor belief in the resilience and scalability of financial institutions serving this segment.
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