We are India’s first mortgage guarantee company (incorporated in 2012) and are regulated by Reserve Bank of India (RBI) guidelines for mortgage guarantee companies. Born out of a vision for facilitating early home ownership and making housing affordable, our primary objective is risk mitigation for lending institutions by providing a backstop against credit defaults. Having partnered with over 20 lending institutions (including banks, housing finance companies, and non-banking finance companies), we have helped over 100,000 customers realise their dream of owning a home. We have issued guarantees of over ₹20,000 Crore. About Mortgage Guarantee The mortgage guarantee program offers a first-loss credit default guarantee to protect against losses arising due to non-repayment by borrowers toward home loans. The program also facilitates lender institutions to expand their product offerings by using risk mitigation as an effective tool. A thriving mortgage guarantee program has the following benefits: Customer: Freedom in terms of choice of lenders and interest rates Higher eligibility Flexible repayment terms Enabling early home ownership Lender: Tackle unexpected losses Higher approval rates with lower associated risk Credit & geographic expansion Cash-flow support at NPA Ecosystem: Expand to new customer base Ensure financial stability Ensure availability of finance to underserved & unserved segments of society
View Top Employees from India Mortgage Guarantee Corporation - IMGCWebsite | https://www.imgc.com |
Revenue | $34.4 million |
Employees | 180 (151 on RocketReach) |
Founded | 2012 |
Address | Tower B, World Trade Tower, Plot no C-1, Sector 16, Noida, Gautam Buddha Nagar, Noida, Uttar Pradesh 201301, IN |
Phone | +91 124 465 4900 |
Fax | +91 124 421 8510 |
Technologies | |
Industry | Financial Services, Finance General, Mortgage Guarantee, Finance, Early Home Ownership, Build Earning Assets Without Incremental Risks, Expertise in Managing High LTV Risks |
Web Rank | 5 Million |
Keywords | Home Ownership |
SIC | SIC Code 616 Companies, SIC Code 61 Companies |
NAICS | NAICS Code 522 Companies, NAICS Code 52 Companies |
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The India Mortgage Guarantee Corporation - IMGC annual revenue was $34.4 million in 2024.
Amit Bhachawat is the CFO of India Mortgage Guarantee Corporation - IMGC.
151 people are employed at India Mortgage Guarantee Corporation - IMGC.
India Mortgage Guarantee Corporation - IMGC is based in Noida, Uttar Pradesh.
The NAICS codes for India Mortgage Guarantee Corporation - IMGC are [522, 52].
The SIC codes for India Mortgage Guarantee Corporation - IMGC are [616, 61].