Weaver Services arm People Home Finance eyes ₹12,000-cr home loan portfolio

This move comes after Weaver, led by Lightspeed, Premji Invest and Gaja Capital, was awarded World War II. and III. It follows a capital infusion of $170 million to be deployed to strengthen its presence in tier-1 cities.

Growth targets

Interacting with MintFounder Satrajit Bhattacharya and CEO Anil Kothuri are a part of the company. ₹12,000 crore home loan portfolio in the next five years. Pending launch based on assets under management (AUM) ₹2,000 crore, following the acquisition of Centrum Capital in August this year, subject to certain regulatory approvals.

As part of its growth strategy, Weaver began making acquisitions to build scale. The firm had earlier acquired Capital India Home Loans as a core asset.

“There is one sub-segment within affordable housing that we focus on – the assessed income segment,” Kothuri said. he said. “We will buy some technologies because there are certain companies that develop and improve them.”

Founded in 2024, Weaver is building a next-generation housing finance business targeting India’s large underserved segment, especially self-employed individuals. Bhattacharya, a three-decade veteran of housing finance at HDFC Ltd, runs the company along with Kothuri, who has held leadership roles at FedFina, Edelweiss and Citi.

People Home Finance will continue to target India’s informal and self-employed segment, a market often underserved by traditional lenders due to limited income documentation.

To effectively reach this group, the company plans to invest further in branches, capabilities, proprietary technology and risk systems aimed at simplifying access to credit.

Kothuri added that the company’s focus will be on creating a digitally enabled yet branch-focused model that enables deeper engagement with customers while increasing operational efficiency. “We believe there is a great opportunity to serve households that are creditworthy but fall outside the formal income system,” he said.