Altum Credo Secures ₹170 Cr from BII to Boost Affordable Housing Finance
Altum Credo, a Pune-based affordable housing finance company, has raised ₹170 crore from British International Investment (BII) to expand its operations and enhance credit access for low-income households, particularly women.
Affordable HousingEquity FundingBritish International InvestmentTechnology InfrastructureInclusive GrowthReal Estate NewsAug 25, 2025
Looking ahead, the investment will help expand credit access for low-income, largely women borrowers, enabling home construction and improvements in sanitation, electricity, safety, and household assets. It will also strengthen Altum Credo’s technology and IT infrastructure, enhancing efficiency, customer experience, and digital service delivery.
Vikrant Bhagwat, Managing Director and CEO of Altum Credo, said: “We greatly value the continued support and confidence shown by British International Investment through this fresh equity infusion. This investment further strengthens our balance sheet for a long-term sustainable impactful growth journey and our commitment to cater meaningfully to the large unmet demand for affordable housing finance in India.”
Shilpa Kumar, Managing Director and Head of India at BII, added: “We are continuing our investment with Altum as it aligns with BII’s commitment to inclusive growth by expanding access to affordable housing finance for communities across India. Through this partnership, Altum is enabling low-income households, especially women, to access safer, more secure homes and essential services. As part of our broader climate and impact strategy, we view housing as a critical enabler of resilience and long-term development.”
Altum Credo has served more than 15,000 customers across six states in southern and western India, with an assets under management (AUM) of over ₹1,000 crore. The company focuses on first-time, low-income homeowners who have traditionally remained underserved in accessing long-term housing credit.
The affordable housing finance sector in India is poised for significant growth, projected to reach ₹67 trillion by FY30, according to an April EY report, New horizons for affordable housing in India. The study noted that the top 10 states, including Uttar Pradesh, Maharashtra, and Tamil Nadu, account for over 75 per cent of this demand, representing a financing potential of ₹7.7 trillion nationwide.
Frequently Asked Questions
What is Altum Credo Home Finance?
Altum Credo Home Finance is a Pune-based affordable housing finance company that focuses on providing long-term housing credit to first-time, low-income homeowners in India.
How much funding did Altum Credo secure from BII?
Altum Credo secured ₹170 crore in equity funding from British International Investment (BII).
What will the funding be used for?
The funding will be used to expand credit access for low-income households, particularly women, and to strengthen Altum Credo’s technology and IT infrastructure.
How many customers has Altum Credo served?
Altum Credo has served more than 15,000 customers across six states in southern and western India.
What is the projected growth of the affordable housing finance sector in India?
The affordable housing finance sector in India is projected to reach ₹67 trillion by FY30, with the top 10 states representing a financing potential of ₹7.7 trillion.
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