"With You, Right Through"
|"Traded as||"BSE: 500010
"BSE SENSEX Constituent
"CNX Nifty Constituent
|"Deepak Parekh ("Chairman)
"Keki Mistry (Vice Chairman & "CEO)
Renu Sud Karnad ("MD)
|Revenue||"US$ 4.63 Billion (2016)|
|US$ 1.06 Billion (2016)|
Number of employees
|2081 (March 2015)|
Housing Development Finance Corporation Limited or HDFC is an "Indian "financial "conglomerate based in "Mumbai, India. It is a major provider of finance for housing in India. It also has a presence in banking, life and general insurance, asset management, venture capital and education loans.
The company provides housing finance to individuals and corporates for purchase/construction of residential houses. It is one of the largest providers of housing loans in India. In its Annual Report for financial year 2012-13, the company has disclosed that it has disbursed approx. INR 456,000 crores in 35 years of its existence for a total of 4.4 million housing units.
The average loan profile amounts to INR 2.18 million (US$35,160) which lasts for about 13 years and covers approx. 65% of actual property value.
The company has been providing life insurance since the year 2000, through its subsidiary HDFC Standard Life Insurance company Limited. It offers 33 individual products and 8 group products. It uses the HDFC group network to cross sell by offering customized products. It operates out of 451 offices across India serving over 965 locations. It had a market share of 4.6% of life insurance business in India as of 30 September 2013. HDFC Life has over 15,000 employees.
The company offers general insurance products such as:
HDFC provides mutual fund services through its subsidiary HDFC Asset Management Company Limited. The average Assets Under Management (AUM) of HDFC Mutual Fund for the quarter Jul-13 to Sep-13 was INR 1.03 trillion.
HDFC's distribution network spans 396 outlets (including 109 offices of HDFC's distribution company HDFC Sales Private Limited) which cater to approx. 2,400 towns and cities spread across India. To cater to "Non-Resident Indians, HDFC has offices in "London, "Singapore and "Dubai and service associates in "Middle East countries.
In addition, HDFC covers over 90 locations through its outreach programmes. HDFC's marketing efforts continue to be concentrated on developing a stronger distribution network. Home loans are also sourced through HDFC Sales, "HDFC Bank Limited and other third party "Direct selling Agents (DSA).
HDFC’s key associate and subsidiary companies include HDFC Bank Limited, "HDFC Standard Life Insurance Company Limited, "HDFC ERGO General Insurance Company Limited, HDFC Asset Management Company Limited, GRUH Finance Limited, HDFC Venture Capital Limited, "HDFC RED and Credila Financial Services Private Limited.
HDFC holds approx. 21.5% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee.
The key business areas of HDFC bank are wholesale and retail banking and treasury operations. On 31 March 2013, its "market capitalisation was "INR 1.5 "trillion (US$27.31 "billion), making it India's seventh largest publicly traded company.
HDFC Standard Life Insurance Company Limited:
HDFC holds approx. 51.7% of shares in "HDFC Life. "Standard Life holds 49% shares as per latest Financial Statements. In September 2013, it was ranked third in terms of market share of private life insurance companies in India. On the same date, it had a network of approx. 72,000 financial consultants to sell its policies.
HDFC Asset Management Company:
HDFC formed this Mutual fund company with "Standard Life Investments and holds approx. 57.4% of its shares. It manages 44 schemes comprising debt, equity, exchange traded fund and fund of fund schemes. Average assets under management (AUM) as at the end of September 2013 were INR 1.07 trillion. It is ranked first in the industry in India on the basis of Average "Assets under management.
HDFC ERGO General Insurance Company:
HDFC formed this General Insurance company with "ERGO Insurance Group. HDFC holds 50.5% and ERGO holds 26% of the shares. By the end of September 2013, its Market share in General Insurance stood at 4.1% (overall) in terms of gross gross direct premium in first half year of FY 2013-14. The total employee strength of the company as of March 31, 2013 was 1,389.
HDFC holds approx. 59% in GRUH. It is a housing finance company offering loans to individuals for purchase, construction and renovation of dwelling units. It also offers loans to the self-employed segment where formal income proofs are not available. It has a retail network of 136 offices across 7 states in India.
HDFC Property Fund:
It was launched in 2005. Its first scheme was a close ended fund for domestic investors: 'HDFC India Real Estate Fund'. The funds of this scheme are managed by HDFC Venture Capital Limited. Its another scheme is for international investors and is a closed ended fund: 'HIREF International Fund'.
Launched in 2010, HDFC has 100% shares for "HDFC RED, a real estate online listings platform operating under HDFC Developers Ltd. The company focuses on real estate, avoiding resale and rental services.
Credila Financial Services:
Credila is a non-banking finance company and was the first Indian lender to exclusively focus on education loans. The company lends to under-graduate and post-graduate students studying in India or abroad. HDFC holds approx. 90% shares in this company. The average amount of education loan disbursed is INR 880,000 approx.
Listing: The equity shares of HDFC are listed on "Bombay Stock Exchange where it is a constituent of the "BSE SENSEX index, and the "National Stock Exchange of India where it is a constituent of the "S&P CNX Nifty.
Shareholding: On 30 September 2013, 73.09% of the "equity shares of the company were owned by the Foreign Institutional Investors (FII). Around 185,000 individual public shareholders own approx. 9.25% of its shares. The remaining 17.66% shares are owned by others.
|Shareholders (as of 30-September-2013)||Shareholding|
|Foreign "Institutional Investors (FII)||73.09%|
As of 31 March 2013, the company had 1,833 employees, out of which 22% were women. The company incurred INR 5.28 billion on employee benefit expenses for the financial year 2012-13.
Employee productivity: For FY 2012-13, the company reported a per employee profit of US$484,000 and per employee assets of US $18.5 million.
Centre for Housing Finance: HDFC’s Training Centre is located in "Lonavla Mumbai and it was established in 1989. It is mainly used for training programmes, workshops, conferences and strategy meetings.