Vastu is an investment where Multiples backed Sandeep Menon and Sujay Patil, two experienced retail finance professionals, to acquire a housing finance company license and build the business anew. The housing finance market is highly under penetrated and is expected to continue to grow at a high rate in the medium term. Smaller and nimble housing finance companies like Vastu have a clear white space in extending credit to the 'less than prime' segment, while appropriately pricing the risk.
Under Sandeep’s leadership Vastu has built an exceptional team who have used a technology first approach and strong credit underwriting principles to build a market leading franchise. Since our investment, Vastu has grown to 1000+ employees across 100+ branches in 13 states. By leveraging technology, the company is expected to continue to grow fast while maintaining strong focus on high credit quality standards & customer satisfaction. Vastu HFC has recently through a subsidiary also entered into commercial vehicle finance segment.
Sector | Housing Finance
Status | Current
Year of investment | 2016-2017