Latest news with #KalpeshDave
Business Standard
a day ago
- Business
- Business Standard
Bajaj Capital's Deputy CEO, Kalpesh Dave, Honored with 'Bharat ki Udaan' Best CEO Award for Wealth Management
PNN New Delhi [India], June 19: In a moment of immense pride and celebration for the entire Bajaj Capital family, our esteemed CEO, Kalpesh Dave, has been conferred with the prestigious 'Bharat ki Udaan - Best CEO Award' for Wealth Management by the Government of India. The honor was bestowed by the Minister of Micro, Small and Medium Enterprises, Jitan Ram Manjhi, in association with Zee Bharat. This national recognition is a testament to Dave's unwavering dedication to financial education and his visionary leadership in furthering the mission of building a financially literate India. Transforming Financial Literacy Across India Over the years, Dave has played a transformative role in redefining the financial awareness landscape across the country. Under his stewardship, Bajaj Capital has empowered thousands of investors with sound wealth management strategies and has been a torchbearer for nationwide financial literacy for over six decades. His personal commitment to this mission has extended Bajaj Capital's reach, empowering students, young professionals, homemakers, and underserved communities to navigate the complexities of financial markets. From conducting workshops in schools and colleges to speaking at key industry forums and public platforms, Dave ensures that every Indian--regardless of age or background--has access to essential financial knowledge. His efforts have complemented and reinforced the government's broader vision of promoting financial inclusion and creating an Atmanirbhar Bharat and Viksit Bharat. A Leader with Purpose Accepting the award, Dave remarked, "This award is not just a personal honor--it is a recognition of the values we uphold at Bajaj Capital. We believe that true empowerment begins with financial literacy. Every Indian should be equipped to make informed financial decisions, and we will continue to work tirelessly towards that goal." A Proud Achievement for Bajaj Capital This milestone is not only a testament to Dave's exceptional leadership but also a proud achievement for Bajaj Capital as a whole. It reflects the company's relentless pursuit of excellence and commitment to social responsibility. As we celebrate this momentous occasion, it reaffirms our collective belief that impactful leadership combined with a strong social purpose can create ripples of change across generations. We look forward to continuing this journey under Kalpesh's dynamic leadership, helping more Indians navigate their financial journeys with confidence and clarity. Heartiest congratulations to Kalpesh Dave on this well-deserved honor! (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Time of India
08-05-2025
- Business
- Time of India
Star Housing Finance's profit rises 25% in FY25
MUMBAI : Star Housing Finance Limited (Star HFL), a BSE listed home finance company (BSE Scrip code BOM: 539017) operational in low cost retail housing finance space across multiple states has reported its annual financial results exhibiting AUM growth and stable asset quality For the twelve months ending March 31, 2025, Star HFL posted total revenue of Rs. 94.96 crs, a 54.06% y-o-y increase. Profit after tax (PAT) rose by 25% to Rs. 11.10 crs, compared to Rs. 8.88 crs in FY2023-24 During the fourth quarter of FY2024-25, the company recorded total revenue of Rs. 27.89 crs and PAT of Rs. 2.93 crs, compared to Q4 FY2023-24 revenue of Rs. 19.34 crs and PAT of Rs. 2.74 crs Assets under management (AUM) grew to Rs. 520.70 crs as of March 31, 2025, up from Rs. 426.86 crs - a y-o-y increase of 21.98%, driven by demand for affordable home loans in its operational geographies Business Numbers: The Company disbursed Rs. 148.60 crs in the financial year providing housing finance assistance to more than 1250+ home buyers across its operational geographies of 30+ locations across the states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Tamil Nadu and NCR Direct Assignment: The financial year saw first successful direct assignment being executed to the tune of Rs.55.83 crs Income Growth: Interest income grew by 47.22% y-o-y during the year. Net Interest Margin (NIM) stands at 7.69% Profitability: Profit After Tax registered 25% y-o-y growth at Rs.11.1 crs Stable Asset Quality: GNPA stands at 1.84% and NNPA stands at 1.40% as of March 31, 2025 Liability Continues to Scale: During the year, Star HFL raised incremental liability of Rs. 145 crs from 2 banks and 6 FIs. Star HFL has maintained strong relationships with its banking partners and is in the process of building a strong pipeline to aid the loan book growth. Capital Levels: Net-worth as of Mar 31, 2025 stands at Rs. 143.87 cr. Leverage levels stand at 2.81x Speaking on the results, Kalpesh Dave, Director & CEO, said "Star HFL has navigated a challenging year for mid and small institutions across the retail lending space. The year saw tightening on the liquidity front and also muted activity on the capital market space for such players. However, we have continued to register incremental growth on the AUM front thanks to our strong liability machinery and resultant disbursements. We have also been able to successfully execute our first every direct assignment, which is a testament to our underwriting capabilities. We have stayed put and focused on maintaining asset quality, invested in strengthening network by addition of quality manpower and continued to search fertile micro markets through the year. We look ahead to FY'2025-26 with optimism and build the bearings across the balance sheet that would enable scale up as envisaged" About Star Housing Finance Limited (Star HFL) Star Housing Finance Limited (Star HFL) is BSE listed retail housing finance company. The Company has been operational in the low-cost housing finance space since inception. Star HFL provides long term housing finance assistance to EWS/LIG families towards purchase/construction of low-cost housing units (affordable housing) in its operational geographies. Star HFL is a professionally run with a presence across states of Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, NCR and Tamil Nadu. Star HFL is registered as a Primary Lending Institution (PLI) under the Pradhan Mantri Awas Yojana (PMAY). Star HFL has its Registered & Corporate Office in Mumbai, Maharashtra
