Shivalik SFB to Acquire ManiBhavnam Home Finance

The acquisition aligns with Shivalik SFB's strategy to enlarge its presence in the affordable housing finance market and to advance financial inclusion. The move is expected to provide complementary geographic reach across North India and to bolster the bank's secured lending franchise. Industry estimates project around 20 per cent compounded annual growth in the affordable housing finance segment to 2030, making the sector an important area for expansion.

Shivalik SFB benefits from strong institutional backing, including Sumitomo Mitsui Banking Corporation through SMBC Asia Rising Fund, which acquired a four point nine nine per cent stake in August 2025 for about Rs 0.6 bn. Existing investors Accel, Lightspeed, Quona Capital and Sorin Investments joined a financing round that took total fresh capital to Rs 1 bn. The additional funds have been cited as enablers for pursuing inorganic growth and other expansion initiatives.

As of December 2025, Shivalik SFB's total loan book stood at Rs 36.59 bn, with housing loans accounting for Rs 3.7 bn, while ManiBhavnam's loan book is about Rs 3.0 bn, indicating a strategic fit to augment the bank's housing portfolio. The bank continues to emphasise secured lending with roughly 90 per cent of assets backed by collateral such as property, gold and agricultural commodities. The proposed acquisition is expected to help diversify the loan mix, strengthen market presence and capitalise on rising demand for affordable housing finance.