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DMI Finance Source Name: DMI Finance

DMI Finance Expands Its Housing Finance Business

Sep 22, 2014   13:05 IST 
New Delhi, Delhi, India

DMI Finance, a leading NBFC in India, has today announced plans to expand the retail business of its subsidiary DMI Housing Finance.

While DMI Finance continues to focus on providing wholesale corporate loans pan-India, DMI Housing Finance is focusing on expanding its business of providing mortgages and LAPs to home buyers and owners.

Speaking on the occasion, Mr. Yuvraj Singh, co-founder and joint-MD, DMI Finance said, “We are very excited about the retail mortgage business in India. Total mortgage debt remains lower than 10% of GDP while in the US it is closer to 80% of GDP. A youthful population, rapid urbanization, regular income growth and a very supportive Government is creating a huge opportunity for both borrowers and lenders.”

Household wealth in India is almost $4 trillion of which about $3 trillion is locked in real estate. Housing finance is an effective way to unlock this wealth for more productive use. DMI Housing Finance will play its part in this very important function with an initial focus on North India. We expect to continually expand our product offering to meet the varying needs of home buyers and owners.”  Mr. Shivashish Chatterjee, co-founder and joint-MD added.

DMI Housing Finance is headquartered in Delhi and will build a branch network pan-India. Its team has extensive experience from working with leading finance companies in India.


About DMI Finance:

DMI Finance Private Limited was set up in 2008 by its co-founders Shivashish Chatterjee and Yuvraj C Singh to be a leading credit platform in India.

Seeing a growing need for private specialty lenders, the promoters set up DMI as an RBI-regulated Non-Banking Finance Company (NBFC), with the primary purpose of providing debt financing options to Indian corporates through medium-term secured loans. DMI Finance started its lending operations in April 2009.

The company is continuously looking for opportunities along the fixed income vertical. In addition to the core business of corporate lending, DMI is also involved in securitization and distribution of fixed income product, distressed asset financing, and retail lending.

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