Home First Finance (Home First) is an affordable housing finance player which targets first time home buyers in low and middle-income groups in the monthly income range of Rs 20k to Rs 50K and who mostly struggle to provide proper documentation and income proof as demanded by formal credit channels. The Company Promoters are True North Fund V LLP and Aether (Mauritius) Ltd. Further, Bessemer has invested in the company since January 2011 and Orange Clove Investments B.V. (an affiliate of Warburg Pincus, a global private equity investor) has acquired a stake in the company in October 2020. Home First has presence in 11 states/60 districts and 70 branches with ~45,000 active customers, and so far, has sanctioned loans to over 50,000 customers. The HFC largely focuses on industrialized states, organized states...