Weaver Acquires Majority Stake in Centrum Housing

Weaver Services Pvt Ltd Acquires Majority Stake in Centrum Housing Finance Ltd

Key Highlights

• Weaver Services Pvt Ltd has acquired a 75.01% stake in Centrum Housing Finance Ltd (CHFL), the mortgage lending arm of Centrum Capital, for ₹1,450 crore.
• The funds were raised from Premji Invest, Lightspeed Venture Partners, Gaja Capital, and over 70 individuals.
• Weaver Services will merge with CHFL in the near future, creating a single, unified institution with a branch network of 140 locations and assets under management exceeding ₹2,000 crore.

Background

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Weaver Services, founded by former HDFC Ltd executive Satrajit Bhattacharya, aims to provide mortgage lending services to the underserved market in India. The company has acquired a 75.01% stake in CHFL, which is the mortgage lending arm of Centrum Capital. This acquisition is the second for Weaver Services, following its takeover of People Home Finance (formerly Capital India Home Loans) in August 2025.

Market Opportunity

The housing finance market in India remains underpenetrated, with approximately 100 million households needing a home and able to afford one. However, most of them will not receive a mortgage from a traditional bank. Weaver Services aims to fill this gap by offering home loans, self-construction loans, home improvement loans, and loans against property, with a specific commitment to women's financial inclusion.

Investor Outlook

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The acquisition of CHFL is seen as a strategic move to expand Weaver Services's presence in the housing finance market. Premji Invest and Lightspeed Venture Partners believe that India's housing finance market offers a large, long-duration opportunity at the intersection of technology and financial inclusion.