Home First Finance Company India Limited — Others, 28-01-2025: Appointment

Home First Finance Company India Limited has announced a board meeting outcome, including reviewed financial results for the quarter and nine months ended December 31, 2024. The company reported a profit after tax of ₹ 973.83 crore, compared to ₹ 922.25 crore in the same period last year, signaling ongoing strong performance.

The Board has approved a Qualified Institutions Placement (QIP) to raise up to ₹ 1,250 crore, aimed at supporting future business expansion. Additionally, Mr. Ajay Khetan has been elevated to Deputy Chief Executive Officer, and Ms. Harshita Dixit has been reappointed as Head of Internal Audit.

This development reflects a proactive approach towards capital raising and leadership restructuring, which could foster growth and bolster investor confidence in the company's strategy.