Digital transformation powers GIC Housing’s bold ascent towards top-ten ranking: Salvi

India's housing finance sector is changing fast with technology, competition, and evolving customer needs.

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GIC Housing Finance has emerged as a trusted, steadily growing institution, backed by major public-sector insurers, helping thousands of families own homes. In an Exclusive Interview Mr. Sachindra Salvi, Managing Director talks with FPJ's Pooja Mehta about the company's growth, digital transformation, building customer trust, fraud-prevention strategies, and his ambitious vision to position GIC Housing Finance among India's top ten housing finance companies.FPJ: Could you take us through the origins of GIC Housing Finance and some key milestones?

Sachindra Salvi: GIC Housing Finance started on 12 December 1989 as GIC Grih Vikas Limited. Four years later, in 1993, we became GIC Housing Finance Limited. The company was promoted by respected public-sector general insurers-GIC Re, New India Assurance, National Insurance, Oriental Insurance and United India Insurance-who together hold around 42 percent of our shares. The remaining 58 percent is with the public. This mix of institutional strength and public trust has shaped our identity.

Over the years, our AUM has crossed Rs 10,500 crore, and our branch network has grown steadily. In July 2025, we opened 12 branches on the same day-something we had never done before. Today, we operate 83 branches, five satellite offices and eight hubs. I still have about one and a half years before retirement, and I hope to take our branch count to 100-a symbolic 'century' for the company.

FPJ: How has the institution evolved digitally over the years?

Sachindra Salvi: