Vikrant Bhagwat (Altum Credo Home Finance)

Overview

Vikrant Bhagwat is a noted entrepreneur and the co-founder, Managing Director, and CEO of Altum Credo Home Finance, a Pune-based affordable housing finance company. Altum Credo is focused on providing housing loans to underserved urban and semi-urban borrowers, especially those with informal or semi-formal income profiles. The company, established in 2016, aims to address the gaps in credit access by combining technology-led origination and underwriting processes with an extensive field network. Under Bhagwat's leadership, Altum Credo has grown significantly, becoming a pivotal player in the Indian housing finance landscape.

Recent Developments

In recent years, Altum Credo has seen substantial financial backing, reflecting investor confidence in its business model and mission:

August 2025: Altum Credo secured INR 170 crore in equity funding from British International Investment (BII), intended to bolster its operations in southern and western India. The funds are specifically aimed at increasing credit access to low-income segments, especially women, and to enhance the company's technological and operational framework.[^1][^2]
April 2024: The company completed a successful Series C funding round, raising $40 million. This round was led by Z3Partners and Oikocredit, with participation from existing investors, including BII and Aavishkaar Capital.[^3]
March 2024: Altum Credo reported a 67% increase in operating revenue to INR 112.87 crore, with net profits more than doubling to INR 20 crore. This financial health is attributed to strategic expansions and the effective tapping of underserved markets.[^2][^4]
July 2023: The company announced plans to raise an additional INR 100 crore to expand its geographical reach and enhance its digital infrastructure.[^8]

Personal Information

Attribute	Information
Full Name	Vikrant Bhagwat
Born	Not publicly available
Nationality	Indian
Occupation	Entrepreneur, CEO
Known For	Co-founding Altum Credo Home Finance
Education	Details not publicly available

Early Life and Education

Details about Vikrant Bhagwat’s early life, including his date and place of birth, as well as his educational background, are not widely available in the public domain. It is known that he has extensive experience in the financial services industry, which has informed his leadership style at Altum Credo. His career trajectory suggests a strong foundation in financial principles, likely backed by formal education in business or finance, though specific details remain undisclosed.

Career and Notable Achievements

Vikrant Bhagwat’s career is highlighted by his instrumental role in the establishment and growth of Altum Credo:

2016: Co-founded Altum Credo Home Finance alongside Ganesh Rao and Ashish Tewari, with a mission to bridge the credit access gap for low-income homebuyers.
2018: The company raised $9.8 million in its Series A funding, establishing a strong foundation for subsequent growth.[^3]
2021: Secured $12 million in Series B financing, further solidifying its financial base and expanding its credit operations.[^3]
2024: Led the company to a significant Series C funding round, raising $40 million, showcasing Altum Credo’s robust growth trajectory and investor interest.[^3]
Under Bhagwat’s stewardship, Altum Credo has served over 15,000 customers, achieved an asset under management (AUM) exceeding INR 1,000 crore, and grown its operating revenue significantly.[^2][^4]

Current Work and Impact

As of August 2025, Vikrant Bhagwat continues to drive Altum Credo’s mission to enhance housing finance accessibility in India. The company’s recent financial infusion of INR 170 crore from BII underscores its alignment with global standards for financial inclusion and its commitment to leveraging technology for enhanced service delivery.[^1] Altum Credo focuses on providing low-interest, long-tenure loans that are crucial for first-time homebuyers, often in segments overlooked by traditional lenders. This approach not only empowers economically weaker sections but also supports India’s broader aim of increasing home ownership.

Conclusion

Vikrant Bhagwat’s leadership at Altum Credo Home Finance exemplifies a commitment to financial inclusion, harnessing technological solutions to address pressing credit needs of underserved populations. Under his guidance, Altum Credo has grown into a major player in affordable housing finance, securing significant investments that enable it to expand its reach and improve its service offerings. Looking forward, Bhagwat’s focus on sustainable growth and operational efficiency positions Altum Credo at the forefront of India's evolving financial sector.