WEHFL has been formed with the intent to facilitate lending in the affordable housing segment and become the lender of choice in the area of housing loans. The company aims to provide credit facilities to primarily serve the housing finance needs of unserved and underserved sections of society.
We are registered with the National Housing Bank (NHB) under the National Housing Bank Act, 1987, vide Certificate of Registration No. 06.0136.16 dated June 9, 2016.
About Us
COMPANY OVERVIEW
Our Vision
Our Vision is “To provide home loans to low and middle-income group people and help them realize
their dreams of owning a house”.
Our Mission
Our Mission is “To be a lender in the affordable housing segment and focus on financial inclusion
by being a catalyst in helping the low and middle-income households buy their dream house thereby
facilitating ‘Housing for All’.”
Our Focus
Our Focus is “With a primary aim on providing affordable housing to individuals desirous of buying
a house within the Ticket size of 25 Lacs to 50 Lacs, we are also open to finance loans with ticket
size above/ under our targeted ticket size subject to certain conditions.”
Our Endeavour
Our Endeavour is “To provide seamless delivery of loans with fast and transparent processing and
quick turnover time”
Business Activities
- Loan Against Property
- Loan for Purchasing New Property
- Loan for Purchasing Resale Property
- Take Over Loans
- Loan for Renovations
Projected Business Plan
| Particulars | FY 16-17 (Rs. Crore) | FY 17-18 (Rs. Crore) | FY 18-19 (Rs. Crore) |
|---|---|---|---|
| Equity | 40 | 40 | 60 |
| Borrowed Funds | 80 | 200 | 360 |
| Advances during the year | 120 | 126 | 189 |
| No. of advances during the year (nos.) | 610 | 640 | 950 |
| Operating Income | 6.76 | 18.88 | 34.61 |
| Profit after Tax | 0.66 | 2.71 | 3.47 |
OUR PARENT COMPANY
WEIFCPL is a Non-Banking Financial Company – Non-Deposit taking (registered with the Reserve
Bank of India). The Company was incorporated in 1985 and has its Headquarters at Mumbai.
Since 1994, Late Mr. P. D. Gupta, was the Chairman & Managing Director of the company till his
demise in 2014. Mr. Gupta was the former Senior Officer in the Department of Banking Operations
& Development, Reserve Bank of India. He retired from the post of Grade ‘F’ equivalent to the rank
of Chief General Manager. Mr. Pankaj K. Gupta, is the Chairman of the Company and is actively
engaged in overseeing the operations of the Company.
An eminent banker, Late Shri M. N. Goiporia, Ex-Chairman State Bank of India, was actively associated with the company after his retirement and was on the Board of the Company till his untimely demise.
Amongst other directors, one of them comes from the I.R.S. background and had superannuated as Director General (Investigation) & another headed the Investment Department in the largest Insurance Company of the Country viz., LIC, besides other professionally qualified directors and promoter director.
The Company is in the business of providing financial services to Business Houses, in the area of Investments and Financial Management. It is managed by eminent acclaimed professionals having relevant expertise in the fields of Investment, Finance, Accounting, Taxation and Banking including Development Banking.
The Company has successfully epitomized its merit and consistency in rendering quality financial services and over the years, has built an asset book-size of about Rs.200 crores and net owned funds of over Rs. 50 crores.
An eminent banker, Late Shri M. N. Goiporia, Ex-Chairman State Bank of India, was actively associated with the company after his retirement and was on the Board of the Company till his untimely demise.
Amongst other directors, one of them comes from the I.R.S. background and had superannuated as Director General (Investigation) & another headed the Investment Department in the largest Insurance Company of the Country viz., LIC, besides other professionally qualified directors and promoter director.
The Company is in the business of providing financial services to Business Houses, in the area of Investments and Financial Management. It is managed by eminent acclaimed professionals having relevant expertise in the fields of Investment, Finance, Accounting, Taxation and Banking including Development Banking.
The Company has successfully epitomized its merit and consistency in rendering quality financial services and over the years, has built an asset book-size of about Rs.200 crores and net owned funds of over Rs. 50 crores.