AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED

Business Overview

• Aviom is an NBFC-Housing Finance Company (HFC) positioned in the "white space between traditional housing finance and microfinance," serving rural and semi-urban India, particularly women borrowers.
• Products: home renovation/improvement loans, home extension loans, home sanitation, toilet-construction, loans, and loan-against-property.
• Runs the "Aviom Shakti" women-agent distribution model, 100,000+ participants per company site.
• Company claims 80,000+ loans disbursed, 50,000+ toilets funded, operations across 13 states / 350 branches, source: aviom.in, company's own claims — self-reported, not independently verified.
• Founded 2016
• Founders reported in press/Tracxn-indexed coverage as Kaajal (Aijaz) Ilmi and Samir Malik, low confidence — Tracxn-adjacent source only, per sourcing rules Tracxn is restricted to funding-round names, so treat founder attribution as partial/unverified.

Sector & Classification

Housing Finance / NBFC-HFC. Industry: Financial and Insurance Services (Section K), Sub-activity K8 "Other financial activities" (source: TheCompanyCheck). DPIIT-recognised startup per TheCompanyCheck.

Directors & Key Management

GST Registrations

Not obtained. Could not locate a primary GSTIN for this entity via knowyourgst.com, findgst.in, or mastersindia.co (pages returned 404 / no listing found for direct lookups attempted). PAN available (AAOCA1595P, single-source) but no GSTIN could be confirmed against it. Do not assume GSTIN state/count without a source — flagged as a gap.

Financials

• Latest figures found, mixed reliability, standalone basis per Tofler:
• FY2024 Revenue: ₹416.85 crore, reported as +72% YoY, source: TheCompanyCheck, — FLAG: this revenue figure looks unusually high for this company's scale relative to other indicators, 350 branches, HFC niche lender, and could not be cross-verified on a second source
• Treat as partial/uncertain, possible data-quality issue on the aggregator side.
• Tofler (separate page) shows FY2024 (standalone) YoY deltas only, actual rupee values gated behind paid subscription: EBITDA +60.28% YoY, PAT/Net Profit +185.61% YoY, Net Worth +40.03% YoY, Total Borrowings +44.12% YoY.
• Revenue range shown only as "₹100–500 crore" bracket.
• EBITDA, PAT, Net Worth absolute rupee values: not obtained, paywalled on both sources.
• Given the conflict/uncertainty on the revenue figure and total paywall-gating of profit/net-worth, mark financials overall as partial.

Funding History

• Per TheCompanyCheck news-section summary, single aggregated source, treat as partial:
• Series A: ~$2.3M from Insitor Impact Asia Fund, reported Feb 2018
• ~₹60 crore raised from unnamed foreign investors, reported Aug 2019
• Series D funding round mentioned, reported June 2023, — round size and investors not obtained
• No primary press release or Entrackr/Inc42 article was independently fetched to corroborate these; treat all funding figures as partial/unverified single-source.

Shareholding

• Not obtained — shareholding pattern is gated behind paid/premium access on both Tofler and TheCompanyCheck. No shareholder names or percentages could be extracted.

Loans & Charges

• Extensive charge/debt profile, source: Tofler, TheCompanyCheck — both show large multi-lender charge registers, broadly consistent in scale though individual amounts differ slightly between sources, so treat line items as partial:
• TheCompanyCheck: 91 cr; ~54 total charge holders. Sample lenders: 93 cr (among others)
• Tofler charges page: top charge holders — latest creation 30 Sep 2024, latest 03 Oct 2025, 30 Aug 2025, 13 Sep 2023, 25 Jul 2023
• Note the discrepancy between the two sources a top-5 out of 54 total holders, — numbers are directionally consistent, very high leverage / many secured lenders, including ARCs, consistent with the company's ongoing insolvency proceedings, but not reconcilable to a single confirmed total
• Report both rather than picking one.
• Litigation tied to defaults: Indian Kanoon shows recovery suits by Aditya Birla Finance, Kotak Mahindra Investments, Tata Capital, Venus India Asset-Finance, STCI Finance, and Arka Fincap against the company, Delhi High Court, filings dated Dec 2024–May 2026, — consistent with the charges data and the CIRP status.

Related Parties

• Common-director network identified via Tofler/TheCompanyCheck, confirmed for existence of link, not for any financial relationship:
• Kaajal Aijaz Ilmi also directs: Kaajal Real Estate & Consultants Private Limited, Techaviom Finance Private Limited, Greenscrap Advertisements Private Limited, all reported Active.
• A director "Stephen Dongwon Lee" is noted as serving on multiple other boards, per TheCompanyCheck, relationship to Aviom's group not detailed.
• No formal holding-company/subsidiary structure was found
• "No subsidiaries or holding companies identified" per Tofler. Caution: do not attribute Techaviom Finance's or Kaajal Real Estate's own financials/ratings/GSTINs to Aviom itself, entity-confusion risk, — none were used here.

Credit Ratings

• Not obtained. CARE Ratings company-search lookup returned 404
• No CRISIL or ICRA rating page was found/fetched.
• Both Tofler and TheCompanyCheck show credit-rating sections as "Premium access" / gated with no rating value visible.
• Given the company is in CIRP, any pre-CIRP rating would likely be stale/withdrawn — flagged as a gap rather than guessed.

Legal & Compliance

• Indian Kanoon search for "Aviom India Housing Finance" returns 63 total results, concentrated in Delhi High Court, almost all appearing to be lender recovery/enforcement suits against the company, consistent with financial distress preceding CIRP:
• Aditya Birla Finance Limited vs Aviom India Housing Finance Limited — Delhi HC, 24 Dec 2024
• Kotak Mahindra Investments Ltd vs Aviom India Housing Finance Pvt. Ltd. — Delhi HC, 24 Dec 2024
• Tata Capital Limited vs Aviom India Housing Finance Pvt. Ltd. — Delhi HC, 24 Dec 2024
• Venus India Asset-Finance Pvt. Ltd vs Aviom India Housing Finance Private — Delhi HC, 27 Dec 2024
• STCI Finance Ltd vs Aviom India Housing Finance Private Limited — Delhi HC, 12 Feb 2025 and 24 Dec 2024
• Arka Fincap Limited vs Aviom India Housing Finance Private Limited — Delhi HC, 19 May 2026
• Full list of all 63 results not obtained, only a search-result summary was fetched, not every case.
• Separately, company's own website (aviom.in) states RBI superseded the board on 27 Jan 2025 and NCLT appointed an Administrator (Mr.
• Ram Kumar) under CIRP, order referenced around 20 Feb 2025 — this is the single most load-bearing legal/regulatory fact and should be prominently flagged on the page.

Competitive Landscape

• Peer NBFC-HFCs serving the affordable/rural housing-finance segment, rough scale tags, not independently size-verified for this task — directional only:
• Aavas Financiers, listed, large-cap affordable HFC
• Aptus Value Housing Finance, listed, large-cap
• Vastu Housing Finance, large, PE-backed
• Aadhar Housing Finance, listed, large-cap
• Home First Finance Company, listed, large-cap
• IntelleGrow / Ummeed Housing Finance, similar small/mid-size rural-focused HFC, comparable scale
• Aviom appears to sit at the smaller/distressed end of this peer set given its current CIRP status.

Frequently Asked Questions

Sources

Tofler (tofler.in) — company overview, directors, capital structure, financials (YoY deltas), charges page. TheCompanyCheck (thecompanycheck.com) — company overview, financials (FY2024 revenue), charges/debt summary, related-party network, PAN. aviom.in (company's own site) — business overview, products, CIRP/insolvency status banner, logo image. Indian Kanoon (indiankanoon.org) — litigation search results. Bing search snippet — pointer to Economic Times/BFSI Economic Times coverage of RBI insolvency action (article itself not directly fetchable, so treated as corroborating pointer only, not a primary-read source). Falconebiz.com, CARE Ratings, KnowYourGST, FindGST, MastersIndia — attempted, returned 404/no data (documented as gaps, not used as sources).