Tuesday, January 21, 2020

Centrum Housing Finance: Centrum Housing acquires home loan book of National Trust Housing for Rs 112 crore, Real Estate News, ET RealEstate

Morgan Stanley-backed Centrum Housing Finance, an arm of the diversified Centrum Group, has paid Rs 112 crore for the Rs 300-crore-home loan portfolio of Chennai-based National Trust Housing Finance. We help you build or buy your dream home with our personalized home finance solutions. Our solutions are enriched by best-in-class services, simplified procedures and industry expertise.

centrum home loan

Our offerings carry the stamp of creativity backed by technology, extensive research and efficient execution, earning trust, resulting in long term relationships. A veteran Banker with a successful global MNC career spanning over three decades. He has played a key role in transitioning the Centrum Group, from a pure play financial advisory business to becoming a diversified financial services group. His present focus is on steering Centrum’s Banking venture - Unity Bank into a New Age Digital First Bank.

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He is one of the most significant people in Indian Entertainment economy today and is seen as one of the key visionaries in the industry. He is currently a Council member of Film & Television Producers Guild of India. He has held key position in media & entertainment focused government bodies & Federation including Ex-Chairman of National Film Development Corporation. Mr. Kamath has led initiatives for promoting sound and efficient corporate governance practices where ever he worked.

Personal loan is an individual consumer loan facility that offers you access to funds to meet personal financial obligations such as house rent, utility bills, travel expenses, emergency expenses, etc. "There is higher demand for affordable housing in small cities now and we believe this sector has immense growth potential," he added. Our intuitive home loan balance transfer calculator gives an idea about the reduced interest outflow after you switching from your existing loan provider. Thus, it helps you understand how you can reduce your EMI burden and assists you in making better financial decisions. Clear your debts, pending loans, and outstanding amount of credit card immediately.

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Nischal moves to Centrum after a long and successful stint as Head of Institutional Equities at Edelweiss Securities Ltd., where he led the large institutional business and equity research team of over 200 in Asia. He was instrumental in taking Edelweiss to the top spot in the Institutional Broking space. He has strong corporate relationships and is well networked in the equity markets and industry, having leveraged his relationships for closing Investment Banking deals as well, at Edelweiss. He leads the diversification and expansion program at Casby and has successfully initiated new businesses such as Solution Design, Warehousing and Refrigerated . He is also involved in the growth of the other Group offerings that include Construction & Real Estate development, Digital Security & Surveillance, telecommunications and Software Development.

One of India’s fast-growing and diverse financial services groups, Centrum has been serving the financial and advisory needs of institutions and individuals for two and a half decades. Cash Collaterized Loan is a cash backed facility for customers with investments with Centrum Finance which makes it possible to obtain credit using investments and their equivalent already domiciled in Centrum Finance. Jaspal Bindra, executive chairman of Centrum Group, said the acquisition will help the company expand its geographical coverage, add origination capacities to augment organic growth. Sanjay has close to 25 years of rich experience in Financial Services that includes setting up of Housing Finance Companies and launch of Retail Banking business in newer geographies.

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Our calculators are easy-to-use tools that can assist your financial plans. The calculations rely on several factors along with the assumptions that are provided by you. Therefore, we do not assure their accuracy and relevance to your situations.

Kapil has more than 27 years of diverse experience in leadership positions across industries such as Financial Services & Media & Entertainment. He has worked in areas of Investment Banking, Corporate Advisory, Debt Capital Markets, Project Financing, Investment Management, Venture/ PE Investments, Business Management, Strategic and Project Planning and Finance. In his last assignment, he was managing the Family Office investments for the promoters of the Centrum Group. Ashish has over 18 years of investing experience in India across alternative asset classes. Previously, he has held various leadership positions in investment management firms such as, Tata Capital, Cambridge Place Investment Management and Antfactory India. Ashish has completed his MBA from Duke University and Master of Commerce from Mumbai University.

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Under his leadership, the company expanded its Logistics operations from a regional scale to a pan-India scale within the business verticals of Air, Sea, Surface and Rail Cargo movement. Rishad's contemporary management style combined with the family values on which the company was built have influenced steady growth in the face of adversity and global slowdowns. Commercial finance are loans given to businesses to fulfill their daily expense needs, fund their working capital requirements and expansion plans.

She holds a bachelor’s degree in law from University of Delhi and a bachelor’s degree in arts from Meerut University. I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. However, sources told PTI that the Jaspal Bindra-run company has paid around Rs 112 crore for the transaction.

The Centrum View

No stamp duty, capital gains and income tax were paid as is required in a plain sale and transfer of property. The partnership entity, through which funds flowed in and out, let a new set of partners control the property. Centrum Housing Finance, the affordable housing finance arm of the Centrum Group, also runs Unity Small Finance Bank.

centrum home loan

In 2002 he gained a Master of Science degree with a specialization in Logistics and Supply Chain from the UK. GRO-BIZ is a structured loan product designed primarily for SMEs looking to grow and expand their business operations. Our sole objective is to provide simple, structured and customized solutions using a combination of traditional methods and superior technology to lower and middle income families. We empower home seekers primarily in tier 2 &3 cities who are under-served by traditional lenders.

Centrum Housing Finance acquires home loan book of National Trust Housing Fin for Rs 112 crore

As the erstwhile CEO of Adlabs Entertainment Ltd, Kapil was instrumental in creation of Adlabs Imagica – India’s first premier theme park destination. He was responsible for business management, strategic planning, project implementation, general management and corporate finance. Prior to joining Adlabs Entertainment Limited he was working with Adlabs Films Limited as the Corporate Head – Strategic Planning and Acquisitions and Centrum Capital Limited as an Executive Director. Prior to joining Centrum, he was with Nomura Securities, Deutsche Bank’s structured credit investments and ICICI Bank’s structured finance team.

A senior Human Resources professional with over 22 years of work experience across a breadth of functions within the Human Resources field, Deepa has held H R leadership positions across leading domestic and international Companies. He is an alumnus from XLRI, Jamshedpur besides holding a Post Graduate Degree in Project Management specialising in Infrastructure sector alongwith a Bachelor’s degree in Civil Engineering from Gujarat University. He has over sixteen years of extensive experience in raising Private Equity, Project Finance and advising Government & established private sector clients on M&A, Stressed asset resolution and Bidding initiatives. During his stewardship the Bank has overcome enormous challenges which included the raising of Capital funds to the tune of 300 crores. Mr. Kutte is also a Director on the Board of Ghatge Patil Industries Ltd. since the year 2014.

As a senior Coverage Banker he is responsible for covering the Stressed asset resolution apart from leading Investment Banking initiatives across core sectors like Transportation, Logistics, Energy & Utilities space. Nischal comes with over 20+ years of rich experience focused on Institutional Equities, having handled both the Research and Sales function for the Institutional Broking business, Investment Banking , Portfolio Management Services ,etc. He started his career in AZB & Partners (erstwhile CZB & Partners) directly after graduation, in 2003.

With these businesses now merged into Unity Small Finance Bank, our most recent venture, they are expected to scale up substantially. We are a PAN India Group with a strong leadership team of seasoned professionals with a successful track record, operating out of 140+ cities and with an international presence in Singapore. Project Finance is a tenor-based loan facility to finance projects like road constructions, bridges, real estate’ etc. for corporate bodies, NGO, Governmental parastatals, with maximum duration of 12months. Magicbricks is a full stack service provider for all real estate needs, with 15+ services including home loans, pay rent, packers and movers, legal assistance, property valuation, and expert advice. As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has an active base of over 15 lakh property listings.

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