BlackRock’s ETF Acquires Stake in Home First Finance

Home First Finance Company India Ltd (Home First) has recently attracted significant attention following the acquisition of a 0.55% stake by BlackRock-managed iShares Core MSCI Emerging Markets ETF. This move highlights the growing interest of global investors in India’s non-banking financial companies (NBFCs), particularly those focusing on affordable housing finance.

BlackRock’s Strategic Investment

On February 28, 2025, the iShares Core MSCI Emerging Markets ETF, managed by BlackRock, purchased 492,135 shares of Home First at an average price of ₹1,007.25 per share, amounting to an investment of approximately ₹49.57 crore. This acquisition reflects BlackRock’s confidence in Home First’s business model and its potential in the burgeoning Indian housing finance market. 

Home First’s Growth Trajectory

Home First has demonstrated remarkable growth, expanding its branch network from 80 to 149 over the past 11 quarters, with plans to add 10 more branches in the upcoming quarter. The company’s financial performance is equally impressive, with revenues increasing by 37.16% from ₹296 crores in Q3 FY24 to ₹406 crores in Q3 FY25, and net profit rising by 22.78% from ₹79 crores to ₹97 crores during the same period. 

Share Performance

As of March 04, 2025, at 2:03 PM, the shares of Home First Finance are trading at ₹999.20 per share, reflecting a surge of 0.030% from the previous closing price.

Conclusion

BlackRock’s investment in Home First underscores the growing appeal of India’s affordable housing finance sector to global investors. With its strategic expansion and strong financial performance, Home First is well-positioned to capitalise on the increasing demand for housing finance solutions in India.

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