30 March 2017
Mumbai, 30 March 2017: Fullerton India Credit Company Pvt Ltd. (Fullerton India) has received an additional capital infusion of INR 200 crore from its parent, Fullerton Financial Holdings Pte. Ltd, a step-down subsidiary of Temasek Holdings Private Limited. The capital infusion will primarily support future business growth of Fullerton India’s housing finance arm - Grihashakti.
Commenting on the infusion, Mr. Anand Natarajan – Head Business Strategy and Execution, Fullerton India, said, “Home finance, especially in the affordable housing sector, is an attractive opportunity, and one that we, with our experience and track record, are well positioned to leverage, through our home finance subsidiary. We now have an ambitious growth agenda, and this infusion reinforces Fullerton Financial Holdings’ commitment to the Indian market and, for us, lays the foundation for the execution of our ambitious growth plans.”
Launched in early 2016, Fullerton India Home Finance Company Limited, which operates under the brand name Grihashakti, provides retail and affordable home finance solutions, and operates out of 41 branches across the country.
About Grihashakti - Fullerton India Home Finance Company Limited (Grihashakti):
Grihashakti is a National Housing Bank registered housing finance company in India and a wholly owned subsidiary of Fullerton India Credit Company Limited. The company is headquartered in Mumbai and operates through a network of 41 branches spread across 9 states – Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Andhra Pradesh, Telangana and West Bengal.
About Fullerton India Credit Company Limited:
Fullerton India is one of India’s leading Non-Banking Finance Companies (NBFC). Fullerton India offers several retail finance products for varying needs of customers ranging from rural households to SMEs, in the locations it serves.
For further information kindly contact:
Weber Shandwick | Rochelle Fernandes | Tel: +91-9833263379, Email: firstname.lastname@example.org
Fullerton India | Ayoshmita Biswas | Tel: +91 22-4224 1450, Email: email@example.com