Swedish fund EQT has successfully acquired Niwas Housing Finance Limited, previously known as Indostar Home Finance, from IndoStar Capital Finance Limited, as stated by the company.
EQT plans to invest ₹500 crore (approximately $58 million) to fuel Niwas’s geographic expansion and enhance its digital capabilities.
Established in 2017, Niwas offers affordable mortgage solutions to retail customers in tier 2 to tier 4 cities across India and has assisted over 47,000 low-income homeowners and small enterprises.
As of March 31, 2025, Niwas boasts assets under management exceeding ₹3,000 crore, which consists of granular, retail, and secured loans.
K.R. Kamath, Chairperson of Niwas Housing Finance’s newly formed Board, expressed: “Niwas is strategically positioned to broaden access to home ownership in India. As we embark on this renewed journey, I am optimistic that the new board’s collective expertise will provide essential strategic guidance, ensuring Niwas grows responsibly with a focus on customer service and prudence.”
Hemant Sharma, a Partner in the EQT Private Capital Asia advisory team, commented: “India’s retail lending sector presents exciting investment opportunities and remains a key focus for EQT in the region.”
