Motilal Oswal Home Finance

Powering India’s Affordable Housing Dream MOHFL has built a trusted name in the housing financing space in India. The main aim is to make middle class and lower class families home owners especially in tier II and III cities of India.

Origin and Ownership

MOHFL was formerly known as Aspire Home Finance Corporation Limited. Created October 1, 2013. It is a subsidiary of Motilal Oswal Group and is held directly by the parent company of Motilal Oswal Financial Services Limited (MOFSL) with a majority equity stake of 75.3%. The remaining shares are strategically held by group step-down firm Motilal Oswal Finvest.

Motilal Oswal Wealth and Motilal Oswal Investment Advisors

MOHFL was set up along with National Housing Bank (NHB) under Section 29A of the NHB Act, 1987 (Certificate dated 19th May, 2014); however, the regulation of Housing Finance Companies was transferred to the Reserve Bank of India (RBI) in 2019. MOHFL is a Housing Finance Company (HFC) registered with the Reserve Bank of India (RBI). Sukesh Bhowal is the current CEO of the company, and the registered office is at Motilal Oswal Tower, Prabhadevi, Mumbai. A few years back, MOHFL had 104 branches in 9 states. As of FY2025, it had 112 branches in 12 states and union territories. By May 2025 it had an employee population of some 2,780.

What Does MOHFL Provide?

The product range includes purchasing home loans. Home construction loans. Home Improvement Loans. The account offers balance transfer facilities to move existing debt from other lenders. It is also the nodal agency for Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) for providing interest subsidies to the lower-income borrowers in association with NHB.

Financials (Breakup FY25) MOHFL FY25 performance indicates real lending momentum but flat profitability

Assets Under Management (AUM): grew YoY ~20% from ~₹4,074 crore to ₹4,878 crore as of Mar '25. Disbursements: The company achieved its highest ever annual disbursement in FY25, with disbursements of ₹1,794 crore, up 78% YoY.

Revenue from operations: ₹629.95 crore in FY25 versus ₹577.99 crore in FY24, up 8.99% Net Profit (Profit After Tax)Marginal decline of 1.71% to Rs 130.26 crore in FY25 as against Rs 132.52 crore in FY24.

This decision was a deliberate choice as management beefed up its sales force (relationship managers up 44% y-o-y from 925 to 1,329) and took on higher staff costs in anticipation of future growth.

Net Worth:

It was ₹1,428.64 crore as at the close of the financial year March 2025.Asset Quality (Q3 FY25 Cycle) Gross non-performing assets (NPA) came down to 1.4% and 0.8% respectively from 2.1% and 1.3% by Q3 FY25.

The long-term opportunity in housing finance in India is huge with mortgage to GDP ratio of 12.3% against 60-90% in developed economies.

One to watch out for The Motilal Oswal Group has been looking to divest its stake in MOHFL and has roped in Avendus Capital to explore options, media reports said. The company has denied the allegations categorically. This is not yet confirmed and is to be treated as a market rumor and not a fact.

Technology and Governance MOHFL has made significant investments in digital infrastructure.

This includes mobile platforms for its sales, credit and collections departments, and paperless application processes. These tools help them to better serve clients who have little or no official documentation, a huge barrier to the affordable housing market. It works within the broader corporate governance and risk management framework of the Motilal Oswal Group.

FAQs

1. Please tell us about Motilal Oswal Home Finance Ltd (MOHFL).

MOHFL (formerly Aspire Home Finance Corporation) is a Housing Finance Company registered with Reserve Bank of India. MOHFL provides affordable housing loans to middle and lower income families in Tier II and Tier III cities of India.

2. Who owns MOHFL?

MOHFL is a subsidiary of Motilal Oswal Financial Services Limited (MOFSL) to the extent of 75.3 per cent. The balance is with Motilal Oswal Finvest, a step-down company of the group.

3. What products and services does MOHFL offer?

MOHFL provides loans for purchase, build, improve a house and for transfer of debt balances. It is also the nodal agency for interest subsidy under the Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS).

4. Performance of MOHFL in FY 25?

MOHFL’s disbursements surged to ₹1,794 crore in FY25, highest ever, YoY increase of 78% Its assets under management (AUM) grew further to Rs 4,878 crore. The company had operating revenue of Rs 629.95 crore, net profit (PAT) of Rs 130.26 crore and net worth of Rs 1,428.64 crore.

5. What is the Asset quality like for MOHFL?

The company registered a sharp recovery in asset quality with GNPA of 1.4% and Net NPA of 0.8% in Q3 FY25.