India Shelter Finance Corporation Ltd (ISFC) is the new name of the erstwhile Satyaprakash Housing Finance India Limited (SHFIL) which was granted the certificate of registration by National Housing Bank on 26th October, 1998. The business was taken over by a group of professionals and relaunched on 12th March 2010.
ISFC's capital was first scaled up by a group of professionals with experience across diverse businesses. Recently, Sequoia Capital has invested in the company to meet the requirements of its first phase of growth.
The main objective of ISFC is to provide credit to middle income households to acquire new housing or to extend and improve their current housing.
We believe that progressively larger numbers of first generation urban families will need access to housing credit. This credit will first be needed to extend and improve their current dwelling units as families grow. As incomes rise, the ability to service the credit to acquire higher quality new housing will also improve.
ISFC aspires to build a profitable and socially useful business by fulfilling the housing credit needs of these families. Our support will increase housing stock and improve health and education outcomes for these families.