Can Fin Homes to Invest ₹296.95 Crore in Seven-Year Digital Transformation Project TEJAS

Can Fin Homes, a public housing finance company promoted and sponsored by Canara Bank in 1987, announced on Friday that it will invest ₹296.95 crore in an enterprise-wide digital transformation programme spread over seven years, including capital expenditure of ₹100 crore.

The initiative, named Project TEJAS (Tech Enhanced Journey for Agility & Scalability), is aimed at modernising the lender's core operations and bringing its cloud, data and cybersecurity functions onto an integrated, AI-ready platform.

Addressing the media, Suresh Iyer, managing director and chief executive officer of Can Fin Homes, said the programme represents a fundamental change in the way the company operates and serves customers. "By integrating our core applications, cloud infrastructure, data, cybersecurity and digital processes, we are creating a more agile, resilient and scalable organisation. Our focus is to use technology responsibly to simplify customer journeys, strengthen risk management and enable faster, data-led decision-making across the business," he said.

According to the company, the transformation will span critical business functions, including loan origination and management, collections, deposits, finance and accounts, document management, risk and asset-liability management, the human resources management system and enterprise reporting.

At the customer level, the home-loan journey is expected to be reshaped through digitised workflows, faster processing, reduced manual intervention and real-time visibility across operations. The platform will integrate more than 25 fintech partners, enabling instant credit bureau checks, financial data sharing through account aggregators, rule-based credit assessment, digital collections, customer self-service, real-time status updates and dashboards across risk, operations and sales.

The programme is being delivered through a consortium of consulting, implementation and technology firms. PricewaterhouseCoopers has supported transformation advisory, business-process optimisation, change management and programme management office governance. KPMG has provided assistance across implementation, risk, compliance and functional and technical areas, while IBM India is leading end-to-end technical integration across applications, infrastructure, cloud, networking and cybersecurity.

The lender's broader vendor ecosystem includes Pennant Technologies for loan origination, loan management and collections; Kiya for deposits; Astral Infor for finance and accounts; Newgen for document management; Knight FinTech for borrowing, investments, risk and asset-liability management; Trustt for the Aadhaar data vault; Workline for HRMS; and Shephertz for enterprise reporting.

On the technology side, Amazon Web Services supports cloud and API architecture, Microsoft supports mailing and collaboration tools, Fortinet and CtrlS support software-defined wide area networking, and Motadata supports network operations centre and IT service management functions. Bloo and Arcon support the security operations centre and identity and access management components.

Mr. Iyer said these partners currently operate independently in silos, and that Project TEJAS would bring them onto a common platform so they can communicate with one another. "With the deployment of Project TEJAS, they will converge on a common platform and communicate with each other to make the overall operations of Can Fin Homes faster and safer," he said.

The announcement comes amid a broader trend of housing finance companies in India investing in digital infrastructure, as lenders look to shorten processing times and tighten risk controls.