The company reported assets under management of ₹1,076 crore as of June, marking a 35% year-on-year increase, according to its latest investor disclosures. NHB found loans that were recorded as disbursed but where the underlying customers could not be verified, the report said. Several such accounts lacked corresponding assets.
SRG Housing Finance is promoted and managed by Vinod Kumar Jain, its managing director. The promoter group held 59.02% of the lender at the end of June, with Jain individually holding about 20.5%. Chief Executive Archis Jain and Seema Jain are also major promoter shareholders.