Archive · 12 Dec 2025
GIC Housing Finance Aims for Top-Ten Ranking
GIC Housing Finance is a company that helps people buy homes.
It was started in 1989 and is owned by big insurance companies.
The boss, Mr. Sachindra Salvi, wants to make the company one of the top ten in India.
They are using computers and smart technology to make things faster and easier for customers.
They are also teaching their employees to be better at their jobs.
Mr. Salvi says it's better to buy a home than rent because it gives you more control and makes you feel safe.
He wants the company to grow a lot in the next five years.
GIC Housing Finance aims to become one of India's top ten housing finance companies within five years.
The company is undergoing a digital transformation, reducing loan turnaround time from 30 days to 16 days, with a goal of 6-7 days by January 2026.
AI and WhatsApp-based services are being implemented to improve customer experience and streamline processes.
Employee training is a core focus, with weekly sessions on housing finance, customer service, and fraud prevention.
The company emphasizes customer trust, transparency, and quick decision-making to differentiate itself in a competitive market.
- Who
- Sachindra Salvi, Managing Director, GIC Housing Finance
- What
- GIC Housing Finance's digital transformation and growth strategy
- When
- Interview conducted in 2025, aiming for top-ten ranking within five years
- Where
- India
- Why
- To position GIC Housing Finance among India's top ten housing finance companies and provide transparent, reliable, and customer-friendly service
- Founded
- 12 December 1989
- Promoted by
- Public-sector general insurers (GIC Re, New India Assurance, National Insurance, Oriental Insurance, United India Insurance)
- AUM
- Rs 10,500 crore
- Branch Network
- 83 branches, 5 satellite offices, 8 hubs
- Loan Turnaround Time
- 16 days (aiming for 6-7 days by January 2026)
- Disbursements
- Rs 3,000 crore expected this year
- Five-Year Vision
- Top 10 housing finance company in India
- Employee Training
- Weekly one-hour sessions on housing finance, customer service, fraud prevention, and more