Warburg-Backed TruHome Housing Finance Eyes Stock Market Debut in 2 Years, Plans ₹50,000 Crore AUM by FY29

TruHome Housing Finance, which was formerly known as Shriram Housing Finance, has revealed its plans to enter the stock market within the next two years, according to recent reports. The company, which is backed by global private equity giant Warburg Pincus, is reportedly working on an aggressive expansion strategy and aims to more than double its assets under management (AUM) by FY29.

As of September 2025, the lender's AUM has reportedly crossed the ₹20,000 crore mark, positioning it as India's third-largest player in the affordable housing finance sector. With fresh capital infusion and strong profitability projections, the company is said to be preparing itself for a major initial public offering (IPO).

Strategic Growth Targets

According to the company's roadmap, TruHome Housing Finance has set ambitious targets across multiple financial parameters over the coming years.

Warburg Pincus Increases Stake to 98.5%

Warburg Pincus has reportedly ramped up its financial commitment to TruHome significantly, with total investments exceeding ₹2,000 crore since acquiring the company. The initial acquisition was followed by a combination of equity infusion and convertible instruments. An additional ₹500 crore is expected to be injected in October 2025, which would reportedly raise Warburg's ownership stake in TruHome to 98.5%.

This capital injection has strengthened the company's capital adequacy to 35%, providing what industry experts believe is a solid foundation for its next phase of expansion. Similar moves have been observed in other housing finance companies that are positioning themselves for public market debuts in recent years.

Aggressive Growth and Profit Reinvestment Approach

TruHome is pursuing what has been described as a high-growth trajectory, targeting to scale from ₹20,000 crore AUM to ₹50,000 crore over the next three years. Profitability is also projected to improve substantially, with expectations of ₹500 crore profit in FY26 and ₹700 crore in FY27. All earnings are expected to be reinvested to support growth and expand lending capacity, according to company insiders.

The company is also reportedly preparing for enhanced operational scale by building capabilities, strengthening distribution networks, and growing its footprint in semi-urban and underserved regions across India.

Focus on Affordable Housing Segment

TruHome has maintained a firm focus on the affordable housing segment, which continues to witness rising demand due to increasing urbanization and government-backed housing schemes. The company's loan book primarily targets customers with informal income profiles—segments that remain under-penetrated by traditional banking institutions.

With substantial capital backing and operational readiness, the company is said to be well-positioned to capitalize on the structural opportunities in this space. The housing finance sector in India has been undergoing significant transformation, with both technology adoption and regulatory changes reshaping the landscape.

Market Outlook and IPO Timeline

TruHome is expected to achieve an AUM of ₹23,000 crore by March 2026, with a gradual buildup toward its ₹50,000 crore target by FY29. The planned IPO is likely to serve both as a capital-raising event and a valuation benchmark for its private equity backer, who reportedly is in no hurry to exit the investment.

Industry observers are closely monitoring how TruHome navigates its public market entry, especially at a time when financial services IPOs are gaining momentum in India.

Disclaimer: This news article is based on publicly available information and reports. The details mentioned regarding TruHome Housing Finance's strategic plans, financial targets, IPO timeline, and Warburg Pincus's investment are as reported in various industry sources. Readers are advised to verify the information independently and consult financial advisors before making any investment decisions. The content is for informational purposes only and should not be construed as financial or investment advice.