Apart from heading finance function of the Group, Mr. Manish Sheth has successfully incubated and build a housing finance business. He convinced the management and the board to foray into a value creation opportunity by getting into housing finance and educational institutional lending business. He oversaw all the processes from applying for the license the to recruiting the right talent and operationalizing the business. The retail mortgage book today has an AuM of ~1000 crores. JM Financial Home Loans today boasts of a team of over 500 people and has expanded its footprint to over 50 branches. The business has provided homes to around 5,000 Indians and loans to 100 schools consisting of 100,000 students. In its third year of operation and in the backdrop of COVID 19 adversities, the venture has turned profitable. JM Financial Home Loans raised capital at a pre-money valuation of 510 Crores, implying 3.4x p/b.