Affordable housing lender Truhome Finance is set to receive an additional ₹500 crore investment from its largest shareholder, Warburg Pincus, later this month, according to Managing Director and CEO Ravi Subramanian. The latest round will take the private equity major’s total investment in the company—formerly Shriram Housing Finance—to over ₹2,000 crore.

Subramanian said the company now has the “scale and figures” needed for an initial public offering (IPO), though the final decision will rest with the promoters. Truhome is focusing on expanding its loan book while maintaining robust asset quality, with one-day past-due levels below 5%.

The lender aims to grow its loan portfolio by over 30% annually over the next three years and has committed ₹100 crore toward technology upgrades, including a partnership with Salesforce to modernize its customer and process management systems.

With this latest round of funding, Warburg Pincus’ total investment in Truhome, previously known as Shriram Housing Finance, will exceed ₹2,000 crore.

The CEO further stated that Truhome plans to expand its loan portfolio at a rate exceeding 30 per cent annually over the next three years.

Following its acquisition by the private equity firm, the non-banking lender has embarked on a ₹100 crore investment in technology. This includes a partnership with leading customer relationship management provider Salesforce to revamp several processes.