Aashiyaan Housing & Development Finance Pvt. Ltd.

  • Kolkata, India
  • FinTechMicrofinance, Marketplace

'Ghar aapka. Saath hamara'

Founded:
2016
Stage:
Ideation
Market:
B2C

Startup Video

Featured


Founded

Company registerted

May

2016

New Team Member

Technology Consultant hired

Aug

Funding

First funding from Friends & Family raised

Aug

Funding

Second funding from Friends & Family completed

Sep

New Team Member

Head of Sales selected

Oct

Media Coverage

Soft launch of website

Nov

New Team Member

Head of Underwriting selected

Nov

Jobs


Team Summary

Aashiyaan has been founded by Shubhankar Sengupta, a microfinance industry veteran. Shubhankar founded Arohan Financial Services Pvt. Ltd., east India's largest MFI and served as the CEO for 10 years. He has also been a founding governing body member of MFIN, the self regulatory body of NBFC-MFIs and led the introduction of credit bureau integration efforts of the industry. He started his career in micro-finance with Hyderabad based BASIX where he served for 8 years.
Shubhankar studied rural management at IRMA and has a degree in Economics from Presidency College, Kolkata.

He is joined at Aashiyaan by two housing finance industry veterans heading the Sales and Underwriting function. Recruitment for other positions is underway.

Team

Founding Team

Founder & Director @ Aashiyaan Housing & Development Finance Pvt. Ltd., Chief Executive Officer @ Arohan Financial Services Limited

WORK

Aashiyaan Housing & Development Finance Pvt. Ltd. (2016 - present)
Founder & Director

Arohan Financial Services Limited (2006 - 2015)
Chief Executive Officer

EDUCATION

Institute of Rural Management Anand
Master of Business Administration (M.B.A.) • 1995 - 1997

Presidency College
Bachelor’s Degree • 1992 - 1995

Product/Service Summary

Aashiyaan is a startup aiming to provide home loans to lower income groups, especially those in the informal sector. It's mission fits in well with the national goal of Housing for All.
People in the informal sector are not catered to by Banks & mainstream Housing Finance Companies (HFC) as income & repayment ability assessment is difficult to assess. However a dozen or so affordable HFCs have emerged in the last 7 years catering to this segment quite successfully. The market size for low ticket housing loans is estimated to Rs. 21.5 lakh crores!
Aashiyaan's customer segment will be in Tier II & III towns and surrounding rural areas with loan sizes ranging from Rs. 2-10 lakhs. West Bengal will be where business commences.

Product/Service Descriptions