Can Fin Homes Unveils ₹297 Crore Project Tejas: Digital Transformation Expands to Nearly 177 Branches
Can Fin Homes Limited (NSE: CANFINHOME, BSE: 511196) has launched Project Tejas, a seven-year enterprise-wide digital transformation programme involving an investment of approximately ₹297 crore.
The housing finance company said the programme is aimed at modernising its technology infrastructure, integrating its business functions and creating a more scalable and digitally driven operating platform.
Project Tejas was initiated in February 2025, with the pilot phase going live across 11 branches in July 2026. Implementation has since expanded to approximately 177 branches.
₹297 Crore Digital Transformation Programme
Project Tejas represents a significant technology investment for Can Fin Homes, with the company committing approximately ₹297 crore over seven years.
The programme is designed to create an integrated, cloud-enabled and data-driven technology ecosystem covering key functions such as:
- Lending
- Collections
- Deposits
- Finance
- Risk management
- Document management
- Human resources
- Enterprise reporting
The company expects the new technology platform to improve operational efficiency, integration and decision-making capabilities across its business.
Implementation Scaled to Nearly 177 Branches
The pilot implementation of Project Tejas began in July 2026 across 11 branches.
Since then, Can Fin Homes has expanded deployment to approximately 177 branches, indicating that the programme has moved beyond the testing stage into a broader implementation phase.
The company operates a network of 266 branches across 21 states and one Union Territory, providing significant scope for further rollout.
Focus on Faster Decision-Making and Customer Services
Can Fin Homes said Project Tejas will enable greater use of real-time monitoring and data analytics.
The programme includes capabilities such as:
Customer self-service
Account Aggregator integrations
Real-time data and reporting
Advanced analytics
Digital workflow management
These capabilities are expected to streamline internal processes while improving the customer experience.
For a housing finance company, faster processing, better document management and improved access to financial information can potentially help reduce operational friction across the loan lifecycle.
AI Capabilities Being Added Across Lending Operations
One of the more significant aspects of the project is the company’s plan to progressively integrate AI-enabled capabilities.
Can Fin Homes is exploring AI applications across:
- Document processing
- Bank-statement analysis
- Fraud controls
- Underwriting
- Collections
- Customer servicing
The use of AI across these functions could help the company automate repetitive processes, strengthen risk controls and improve response times.
However, the financial impact of these initiatives will depend on the pace of implementation and the extent to which efficiencies translate into improved operating metrics.
Cloud and Cybersecurity Infrastructure
The new technology architecture is being supported by major technology and consulting partners.
Can Fin Homes has named PwC, IBM India and KPMG, along with technology providers including Pennant Technologies, Kiya, Astral Infor, Newgen, Knight FinTech, Trustt, Workline and Shephertz.
The company’s technology ecosystem is also supported by Amazon Web Services (AWS), Microsoft and Fortinet, among others, covering cloud infrastructure, cybersecurity, networking and IT service management.
The company believes this infrastructure will provide a scalable foundation for future growth.
Why Project Tejas Matters for Investors
The announcement is important because the ₹297 crore commitment is not a short-term IT upgrade. It is a multi-year transformation of the company’s technology platform.
The potential investor benefits include:
Lower manual processing: Greater workflow automation could improve operational efficiency.
Faster underwriting: Better data integration and analytics could potentially reduce turnaround time.
Improved risk management: AI-supported fraud detection and analytics could strengthen credit and operational controls.
Better customer experience: Digital self-service and integrated processes could simplify customer interactions.
Scalability: A cloud-enabled platform should allow the company to expand its operations without relying entirely on legacy systems.
Can Fin Homes Has 266-Branch Network
Can Fin Homes, promoted by Canara Bank, has a 39-year operating history dating back to its establishment in 1987.
The company currently has 266 branches across 21 states and one Union Territory.
Its product portfolio includes housing loans, non-housing loans and deposit schemes.
The company has built its presence particularly across urban and semi-urban markets.
What Investors Should Watch
While Project Tejas is strategically important, investors should focus on whether the large technology expenditure eventually produces measurable business benefits.
Key metrics to monitor over the coming years include:
Operating cost efficiency
Loan-processing turnaround times
Digital loan origination
Credit-quality and underwriting metrics
Collection efficiency
Customer acquisition and servicing costs
Return on equity
Impact of technology expenditure on profitability
The company will also need to manage implementation risk as the project is rolled out across the remaining branches.
A Long-Term Technology Investment
Can Fin Homes’ Project Tejas marks a significant shift towards a more integrated digital operating model.
With an estimated ₹297 crore investment spread over seven years, the programme is designed to modernise the company’s lending, collections, finance, risk and customer-service infrastructure.
The fact that implementation has already expanded from an 11-branch pilot to around 177 branches indicates that execution is underway.
For investors, the next stage will be determining whether this technology investment can deliver higher productivity, stronger risk controls, faster customer service and better long-term scalability.
Disclaimer: This article is based on Can Fin Homes Limited’s stock-exchange disclosure and press release dated September 11, 2026. The benefits from Project Tejas are management objectives and may depend on implementation and business conditions. This article is for informational purposes only and should not be considered investment advice. Investments in securities are subject to market risks.