AVIOM India Housing recorded 53% rise in top scale in FY23
AVIOM India Housing, a Delhi-based fintech firm, saw a 53% revenue increase in FY23, reaching Rs 241.90 crore, driven mainly by interest income. Founded in 2016 by Kaajal Aijaz Ilmi, AVIOM provides housing loans to low-income households in semi-urban areas. Despite a 56% rise in expenses to Rs 219.91 crore, the company achieved a 32% profit growth, posting Rs 16.06 crore in profits. AVIOM has raised Rs 584.31 crore across 10 funding rounds, with significant shareholders including Gojo & Company Inc. and Capital 4 Development. Its strong financial performance is highlighted by a 59% EBITDA margin and over 11% ROCE, solidifying its market position.
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