Sharma sees significant opportunity for Vastu expansion
TA Associates http://ta.com , a leading global private equity group with US$65 billion raised in capital to date, is making a strategic growth investment in Vastu Housing Finance, a pan-India diversified lending institution.
“We are excited to have TA on board as a valued, long-term partner https://www.cloudexpoasia.com/ . Vastu has made great progress over the last few years towards its vision of becoming a large, respected and institutional retail lending franchise,” said Sandeep Menon, CEO and Founder of Vastu which has more than 230 branch locations in 13 states https://www.vastuhfc.com/ .
“We are confident that our association with TA will further accelerate our growth journey https://www.iottechexpo.com/ .”
TA Managing Director Dhiraj Poddar highlighted, “Vastu is well-positioned to become a leader in the secured affordable housing segment http://mohua.gov.in as well as continue its impressive growth trajectory in the small business loans and vehicle finance segments.
“We have tracked the company for years, and have been impressed by Vastu’s reach, strong credit underwriting principles and tech-enabled approach. We look forward to our long-term partnership with Vastu in its future journey https://www.bseindia.com/.
“We believe there is significant opportunity for expansion in the core segments in which Vastu https://www.nseindia.com/ ,” added Adi Sharma, Managing Director at TA.
“We are excited to partner with Sandeep, the management team and existing shareholders in supporting Vastu’s vision of building a high-quality, mortgage-led retail lending company https://www.ibef.org/ ,” he said of the investment announced on 11 July.
“Sandeep Menon and Sujay Patil have done an exceptional job in building Vastu into a formidable franchise in the affordable housing finance space https://unhabitat.org/ . Their vision, coupled with strong execution, has transformed Vastu into a category leader,” said Renuka Ramnath, Chairperson of Vastu and Founder, MD & CEO, Multiples Alternate Asset Management.
“We are pleased to welcome TA as a partner as Vastu continues to scale to new heights.”
Founded in 2015, Vastu has grown to become one of the leading affordable housing finance players in India. Vastu leverages its proprietary technology and unique underwriting practices to deliver financing solutions to bankable but under-served self-employed customers across semi-urban and rural India. On the back of its reach, technology and management expertise, the company has also built a fast-growing small business and used vehicle finance book. Fiinews.com
