Weaver Services Completes ₹267 Crore Acquisition of Capital India Home Loans, to Focus on Affordable Housing Finance

Weaver Services Private Limited (Weaver) has announced the successful completion of its 100% acquisition of Capital India Home Loans Limited (CIHL) in a transaction valued at ₹267 crore. The deal, which has now received all regulatory approvals, marks Weaver’s formal entry into India’s rapidly growing affordable housing finance market.

The acquisition was funded through equity contributions from Premji Invest, Gaja Capital, and a group of prominent individual investors. On the advisory side, Sanjeev Lall and Devesh Kumar of EIP Financial Services LLP, along with Sunil Shukla of CC Chokshi Advisors, represented Capital India. AZB & Partners acted as legal advisors to Weaver Services, ensuring a smooth transaction process.

Weaver had first declared its intent to acquire CIHL in October 2024. With the closure of this deal, the company is now preparing to launch a technology-led affordable housing finance platform aimed at addressing the credit needs of underserved sections of society. Its initial focus will be on self-employed individuals in the unorganised sector, particularly across Tier 2 and Tier 3 towns where access to formal housing finance remains limited.

A key pillar of Weaver’s strategy will be financial inclusion for women borrowers, who often face additional challenges in securing credit from traditional lending institutions. By leveraging technology and customer-centric processes, Weaver aims to make housing finance faster, fairer, and more accessible for aspiring homeowners.

Commenting on the development, Satrajit Bhattacharya, Promoter of Weaver Services, said:
“Through this strategic acquisition, Weaver is poised to establish its market presence and drive meaningful change by delivering customised financial solutions tailored to the unique needs of our diverse customer base. With approvals now in place, we can focus entirely on execution—building a platform that offers fair, fast, and accessible housing finance to those who need it most.”

Industry experts note that this move comes at a time when India’s affordable housing finance sector is expanding rapidly, supported by government schemes, urbanisation, and the aspirations of middle- and lower-income families. Weaver’s entry into this space underscores the growing role of new-age, tech-driven lenders in bridging the housing finance gap.