HUDCO is owned by the the Government of India. HUDCO provides services related to housing and other infrastructure. Here is a look at recent information regarding the company financials and stock prices.
Housing and Urban Development Corporation, also known as HUDCO Limited, is a government-owned corporation which provides financial and consultancy services for housing and infrastructure projects in India.
Market Capitalisation
As of August 31, 2018, the market capitalisation of HUDCO Limited was roughly Rs.11,100 crore.
Housing and Urban Development Corporation Limited is a public-sector company wholly owned by the Government of India. It serves to provide consultancy and financial services for housing and urban infrastructure projects in India. The company provides housing finance for various categories such as social housing, residential real estate, and retail. In the case of urban infrastructure projects, it focuses on projects related to water supply, power, road and transport, sewage and waste management, et cetera.
Housing and Urban Development Corporation Limited was incorporated in the year 1970 as 'The Housing and Urban Development Finance Corporation Private Limited.' It started its operations by developing ceiling costs and financing patterns for various income groups. Subsequently, it started providing financial assistance to cooperative societies and rural housing schemes. Eventually, it forayed into funding urban development schemes. In 1988, the Government of India assigned the role of financing urban infrastructure projects to HUDCO, making it a pioneer in the development of housing in India. In 2004, the corporation was conferred with the Miniratna status and in 2017, the company's shares were listed on the stock exchanges in India.
Dr. M. Ravi Kanth - Chairman, President & Managing Director
Dr. M. Ravi Kanth presently serves as the Chairman and Managing Director of Housing Urban Development and Corporation Limited. He has held these positions since April 2014 and is considerably experienced in the infrastructure segment. He has been associated with various reputed government organisations over the years. In his illustrious career, he has served as the Joint Secretary of Transmission in the Ministry of Power of India, Chairman and Managing Director of National Handicapped Finance and Development Corporation, Ministry of Social Justice and Empowerment, and Deputy Chief Executive of the Nuclear Fuel Complex, Department of Atomic Energy.
Mr. Rakesh Kumar Arora - Director of Finance, Chief Financial Officer
Mr. Rakesh Kumar Arora presently serves as the Chief Executive Officer and the Director of Finance of Housing and Urban Development Corporation Limited. He also serves as a Whole-Time Director of the organisation. Prior to this, he was associated with Rural Electrification Corporation Limited where he served in the capacity of an Executive Director. He has been a part of the finance sector for more than 30 years and has served on various assignments concerning investors relations, corporate accounts, corporate planning, corporate social responsibility, treasury management, foreign currency, et cetera. He is a fellow member of the Indian Institute of Chartered Accountants.
Mr. N. L. Manjoka - Director of Corporate Planning
Mr. N. L. Manjoka presently serves as the Director of Corporate Planning and a Whole-Time Director of HUDCO Limited. He has held these positions since April 2013. He is an Associate Member of the Institute of Engineers, India. He holds a postgraduate diploma in Banking & Insurance and a Masters degree in Business Administration.
The equity shares of HUDCO Limited are available to the general public for trading on the country's two benchmark indices - the National Stock Exchange of India Limited and the Stock Exchange, Mumbai. The respective codes for the same are as follows:
Coming to the stock market indices, the company comprises the following:
Registered Office
Housing and Urban Development Corporation Limited
HUDCO Bhawan
Core 7-A,
India Habitat Centre, Lodhi Road
New Delhi - 110-003
Email: mail@hudco.org
Contact number: 011-24649610-23
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