Indiabulls Housing Finance Ltd (IHFL) is one of the largest housing finance companies in India with asset under management (AUM) of Rs 94,400 crore. It was established as a wholly-owned subsidiary of Indiabulls Financial Services (IBFSL), a leading non-banking financial firm providing home loans, commercial vehicle loans and business loans. IBFSL was incorporated in 2000. In early 2013, keeping with IHFL’s long-term commitment to the housing finance business, the company was reversed-merged into its housing finance subsidiary IHFL. IHFL offers a broad suite of lending and other financial products to target client base of middle and upper-middle income individuals and small and medium-sized enterprises, or SMEs. Its presence is spread across India in more than 200 locations and has in-house sales team of sourcing agents.