Star Housing Finance expands footprint in Tamil Nadu with new branch in Kanchipuram

In a strategic move to enhance its presence in Tamil Nadu, Star Housing Finance Limited (Star HFL) (BSE Scrip code: 539017), a housing finance company with a focus on semi-urban and rural areas, has inaugurated a new branch in Kanchipuram. Located at 89A, 2nd floor, SG Complex, SVN Pillai Street, Kanchipuram – 631502, the branch is poised to serve the housing finance needs of prospective home buyers in the surrounding semi-urban and rural geographies. Under the leadership of Mr. Dinakaran, a seasoned HFC professional with deep local knowledge, the branch aligns with Star HFL’s philosophy of extending housing finance assistance to those in need.

During the branch’s inauguration, Mr. Rajesh Gopinath, Regional Head for Tamil Nadu at Star HFL, expressed his optimism for scaling operations through this new office. The initial goal is to cater to 200 customers in the first six months of operations, with plans to further expand across the Kanchipuram hub. This reflects Star HFL’s commitment to penetrating deeper into the Tamil Nadu market and enhancing its service offerings to meet the demands of potential borrowers.

Mr. Kalpesh Dave, CEO of Star HFL, highlighted the importance of Tamil Nadu as a key market for the company. With a dedicated team across various functions who possess the necessary experience and understanding of the state’s prospective borrowers and property characteristics, Star HFL is committed to expanding its presence throughout Tamil Nadu. This expansion is anticipated to significantly contribute to the company’s overall business share in the state. Mr. Dave’s statement, “Congratulations to Rajesh and team and wish them the very best,” underscores the company’s supportive culture and vision for growth.

The expansion of Star HFL into Kanchipuram represents a significant step towards financial inclusion for prospective home buyers in Tamil Nadu’s semi-urban and rural areas. By addressing the nuanced needs of these communities, Star HFL not only contributes to the state’s economic development but also plays a crucial role in empowering individuals and families through home ownership. This strategic branch opening is indicative of the broader trend of financial institutions reaching out to underserved regions, a move that holds the potential for transformative impact on the socio-economic landscape of Tamil Nadu.