Can Fin Homes unveils ₹297 crore Project Tejas digital transformation
- Project Tejas is a ₹297 crore, seven-year digital transformation programme
- Pilot phase covered 11 branches; scaled to ~177 branches by September 2026
- Partners include PwC, IBM, KPMG, AWS, Microsoft, and Fortinet
- AI capabilities being integrated for underwriting, fraud control, and collections
*this image is generated using AI for illustrative purposes only.
Can Fin Homes Limited has launched Project Tejas, a ₹297 crore enterprise digital transformation programme spanning seven years. The housing finance company aims to modernise its technology infrastructure to build a connected and agile organisation.
The programme, which began in February 2025, completed its pilot phase across 11 branches in July 2026. Implementation has since scaled to approximately 177 branches. The acronym ‘TEJAS’ stands for Tech Enhanced Journey for Agility & Scalability.
Technology Ecosystem
Project Tejas establishes an integrated, cloud-enabled ecosystem covering lending, collections, deposits, finance, risk, document management, HR, and enterprise reporting. The system is designed to streamline workflows and enable real-time monitoring through Account Aggregator integrations.
Key technology partners include PwC, IBM India Pvt. Ltd., KPMG, Pennant Technologies, Kiya, Astral Infor, Newgen, Knight FinTech, Trustt, Workline, and Shephertz. Infrastructure support is provided by Amazon Web Services (AWS), Microsoft, Fortinet, CtrlS, Motadata, Bloo, and Arcon.
AI Integration
The company is progressively integrating AI-enabled capabilities across several operational areas. These include document processing, bank-statement analysis, fraud controls, underwriting, collections, and customer servicing. This integration aims to deliver intelligent and responsive solutions for customers.
What the Numbers Show
The scale of the investment highlights the strategic priority placed on digital infrastructure. With ₹297 crore allocated over seven years, the annualised spend averages approximately ₹42.4 crore per year. This substantial capital allocation signals a shift from incremental upgrades to a foundational overhaul of the company’s core banking and operational systems.
Can Fin Homes Limited, promoted by Canara Bank in 1987, operates 266 branches across 21 states and one Union Territory. The company offers housing loans, non-housing loans, and deposit schemes.
Historical Stock Returns for Can Fin Homes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.31% | -3.13% | -4.94% | -8.77% | +5.26% | 0.0% |
How will the ₹297 crore investment in Project Tejas impact Can Fin Homes' short-term profitability and return on assets compared to peers with lower tech spend?
What specific competitive advantages will the AI-driven underwriting and fraud control systems provide in the increasingly crowded housing finance sector?
Given the reliance on multiple global and local tech partners like AWS, IBM, and PwC, how does Can Fin Homes plan to manage data sovereignty and cybersecurity risks?
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