According to ICRA Report, Company had the lowest GNPAs as of March 31, 2018 and the second highest growth rate of AUM for the last 3 financial years, among affordable housing finance companies that had AUM between Rs 25 billion and Rs 200 billion.
Incorporated in 2011, Jaipur based Aavas Financiers Limited is a company engaged in the business of providing retail, affordable housing finance to low and middle income self employed customers in semi-urban and rural areas in India.
Indian Navy and Coast Guard are expected to grow their fleet to about 200 vessels by 2027. Therefore, the company is optimistic of winning large orders in future which would be beneficial for the company as it is primarily involved into meeting the shipbuilding requirements of the Indian Navy and the Indian Coast Guard.
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