Housing Development Finance Corporation

Shubham Housing Development Finance Co. Pvt. Ltd. - YouTube

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Housing Financing Company Limited or HDFC is an Indian financial conglomerate based in Mumbai, India. It is the premier provider of finance for housing in India. It also has presence in banking, life and general insurance, asset management, venture capital and education loans.

Video Housing Development Finance Corporation

History

Founded in 1977 as the first specialized mortgage company in India. HDFC is promoted by the Industrial Credit and Investment Corporation of India. Hasmukhbhai Parekh plays a key role in the foundation of this company In 2000, the HDFC Asset Management Company launched a mutual fund scheme. In the same year, IRDA granted registration to HDFC Standard Life Insurance, as India's first private life insurance company.

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Products and Services

Mortgage

The company provides housing finance for individuals and companies to buy/build residential homes. It is one of the largest housing loan providers in India. In the Annual Report for the financial year 2012-13, the company has revealed that they have diluted approximately. INR 456,000 crores in 35 years of existence for a total of 4.4 million housing units.
The average loan profile amounted to INR 2.18 million (US $ 35,160) which lasted for about 13 years and covered approximately. 65% of the actual property value.

Life Insurance

The Company has provided life insurance since 2000, through its subsidiary, HDFC Standard Life Insurance Company Limited. It offers 33 individual products and 8 group products. It uses an HDFC group network to cross-sell by offering customized products. It operates from 451 offices across India serving over 965 locations. It has a 4.6% market share of life insurance business in India on September 30, 2013. HDFC Life has more than 15,000 employees.

General Insurance

The company offers general insurance products such as:

Motor, health, travel, home and personal accident in the retail segment accounted for 47% of its total business and
Property insurance, marine, aviation, and liability in the corporate segment

Investment Fund

HDFC provides mutual fund services through its subsidiary HDFC Asset Management Company Limited. The average Asset Under Management (AUM) of the HDFC Fund for the July-13 to Sep-13 quarter is INR 1.03 trillion.

Deepak Parekh- Chairman of Housing Development Finance Corporation >

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Operation

The HDFC distribution network reaches 396 outlets (including 109 HDFC distribution company offices, HDFC Sales Private Limited) serving around. 2,400 cities and towns spread all over India. To serve Non-Resident Indians, HDFC has offices in London, Singapore and Dubai and service associations in Middle Eastern countries.
In addition, HDFC covers more than 90 locations through its outreach programs. HDFC's marketing efforts continue to concentrate 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).

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Subsidiaries and major partners

The major partner companies and HDFC subsidiaries include HDFC Bank Limited, HDFC Limited Life Insurance Company, HDFC ERGO Limited Public Insurance Company, HDFC Asset Management Company Limited, GRUH Finance Limited, HDFC Venture Capital Limited, HDFC RED and Credila Financial Services Private Limited.

HDFC Bank :
HDFC holding around. 21.5% shares in HDFC Bank. HDFC Bank sources home loans for HDFC at a cost The main business areas of the HDFC bank are banking and treasury operations at wholesale and retail. As of March 31, 2013, its market capitalization was INR 1.5 trillion (US $ 27.31 billion), making it the seventh largest company in India.

HDFC Standard Life Insurance Company Limited :

HDFC holding around. 51.7% shares in HDFC Life. Standard Life holds 49% of the shares in accordance with the latest Financial Statements. In September 2013, it ranked third in terms of market share of private life insurance companies in India. On the same date, he has a network around. 72,000 financial consultants to sell their policies.

HDFC Asset Management Company :
HDFC sets up this mutual fund company with Standard Life Investments and has approximately. 57.4% of its shares. It manages 44 schemes consisting of debt, equity, exchange-traded funds and funds from a funding scheme. The average asset under management (AUM) at the end of September 2013 is INR 1.07 trillion. It ranks first in the industry in India on the basis of Average Assets under management.

General Insurance Company ERGO HDFC :
HDFC established a General Insurance company with ERGO Insurance Group. HDFC holds 50.5% and ERGO holds 26% of the shares. At the end of September 2013, its market share in General Insurance reached 4.1% (overall) in the form of gross direct gross premiums in the first half of fiscal year 2013/14. The total strength of the company's employees as of March 31, 2013 is 1,389.

GRUH Finance :
HDFC holding around. 59% in GRUH. It is a housing finance company that offers loans to individuals for the purchase, construction and renovation of residential units. It also offers loans to entrepreneurial segments where formal proof of income is not available. It has a retail network of 136 offices in 7 states in India.

HDFC Property Funds :
It was launched in 2005. Its first scheme is a closed-door fund for domestic investors: 'Real Estate HDFC India Fund'. Funds from this scheme are managed by HDFC Venture Capital Limited. Another scheme is for international investors and is a closed fund: 'HIREF International Fund'.

HDFC RED :
Launched in 2010, HDFC owns a 100% stake in HDFC RED, an online real estate listing 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 is India's first lender to focus exclusively on education loans. The company lends to undergraduates studying in India or abroad. HDFC holding around. 90% of the shares in this company. The average amount of educational loans disbursed is INR 880,000.

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Listing and Share Ownership

List : HDFC equity shares are listed on the Bombay Stock Exchange where it is a constituent of the SENSEX BSE index, and the Indian National Stock Exchange where it is the S & P CNX Nifty constituency.

Share Ownership : As of September 30, 2013, 73.09% of the company's equity shares are owned by Foreign Institutional Investors (FII). About 185,000 public shareholders have around. 9.25% of its shares. The remaining 17.66% of the shares are owned by others.

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Employee

As of March 31, 2013, the company has 1,833 employees, of whom 22% are women. The Company issued INR 5.28 billion for employee benefit expenses for the financial year 2012-13.
Employee productivity : For FY 2012-13, the company reported earnings per employee of US $ 484,000 and per employee asset of US $ 18.5 million.
Housing Financing Center : HDFC Training Center is located in Lonavla Mumbai and was established in 1989. It is mainly used for training programs, workshops, conferences, and strategy meetings.

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Awards and acknowledgments

In 2013, a survey of "Best Council of India" lists the HDFC Board of Directors among the 5 best councils in India.
In May 2013, Forbes listed it at # 561 in the largest global list of 2000 companies.
In 2012, HDFC Limited is recognized as one of the "Best Companies to Work" in India in a joint study conducted by The Economic Times and 'The Great Place to Work Institute'.