WHO WE ARE

Milestones

Awards and Recognitions

  • MRHFL won the Skoch ‘Order of Merit’ for qualifying amongst ‘India’s best – 2013’ for corporate contribution to India’s growth post liberalization in November 2013.
  • MRHFL was awarded the “Gold” in the Housing category at the Skoch Awards for Corporate Leadership 2013.
  • MRHFL was awarded the ‘Most Admired Service Provider in Financial Sector’ at the Banking, Financial Services & Insurance Awards presented by ABP News on 14th February, 2014.
  • Dharmesh Vakharia, CFO, MRHFL, has been selected amongst CFO India's 4th Annual CFO100 Roll of Honour for ‘Winning Edge’ in Green Initiatives.
  • MRHFL has been shortlisted for 2013 Corporate Responsibility Peer Awards for Excellence within the ‘Challenging Perceptions’ category
  • In 2013, MRHFL became member of the UNDP’s ‘Business Call-to-Action’, a confirmation of MRHFL’s leadership in, and commitment to, inclusive and sustainable business initiatives at the Bottom of the Pyramid (BoP).
  • MRHFL was awarded Bronze for ‘Product Excellence’ in the ‘Global CSR Summit & Awards 2013’ held in Davao, Philippines.
  • MRHFL won the ‘Golden Peacock Innovation Management Award – 2012’.
  • In 2010-11 MRHFL was successfully short-listed for the FT/IFC Sustainable Finance Awards 2011 in the Achievement in Basic Needs Financing Category.

Recent Milestones

  • Crossed cumulate number of cases of 100,000 by December-12.
  • The company's consortium of lenders was formed in FY 13.
  • In FY-13, MRHFL declared a dividend of 10%.
  • MRHFL has been selected by Harvard Business School for F.I.E.L.D Project in Aug-2012.
  • During the twelve months period ended 31st March 2013, the Profit after Tax (PAT) registered a growth of 71% at Rs. 20.3 Crores as against Rs. 11.9 Crores registered for the same period previous year.
  • Rights issue of Rs. 50 Crores opened at premium of Rs. 15. NHB has confirmed their willingness to participate.

Major Milestones till March 2012

  • Registration received from NHB on 13th August, 2007 to operate as an Housing Finance Company.
  • The first loan was disbursed on October 2007.
  • Commercial operations started in 36 locations of Gujarat and Maharashtra in 2007/08.
  • Got credit rating of CARE BBB-(Issuer) from CARE IN F-2008-09, which indicates moderate safety for timely servicing of debt obligations.
  • On 12th August, 2008 Company executed a Subscription Agreement with NHB and NHB took a 12.5% stake in the company.
  • In 2009-10 Company availed sanction of Refinance Assistance from National Housing Bank (NHB) of Rs. 75 cr.
  • CARE upgraded the Issuer rating to “CARE BBB+(Is) in 2009-10,which indicates to offer moderate safety for timely servicing of debt obligations.
  • CRISIL assigned A+/Stable to the long-term bank facilities on January, 10, 2011.
  • By March 31st, 2013, MRHFL’s staff strength crossed 1000 members.
  • The number of locations in which loans have been disbursed crossed 150+ in the second half of 2010-11.

 

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