Housing Development and Finance Corporation (HDFC) is one of the country's leading providers of housing finance. HDFC provides housing finance and provides housing finance consultations to emerging nations across Asia, East Europe and Africa.
Housing Development and Finance Corporation (HDFC) is one of the country's leading providers of housing finance. HDFC provides housing finance and provides housing finance consultations to emerging nations across Asia, East Europe and Africa.
HDFC Market capitalisation
HDFC's market capitalisation as of March 2018 is approximately Rs.3,06,000 crore.
HDFC Limited is a financial conglomerate headquartered in Mumbai, India. The company provides housing finance primarily in India. In addition to housing finance, the company has expanded into the general insurance, banking as well as venture capital segments.
HDFC was founded as a mortgage company, providing housing finance to both individuals as well as corporate customers for residential as well as commercial construction or purchase. In addition to disbursing loans, the company also provides deposits and education loans.
HDFC began operations in 1977 under the aegis of Mr. H.T. Parekh, and was incorporated as a company in October of 1977. HDFC operates out of India as well as offices in London, Singapore and the Middle East. From disbursing its first home loan in 1980 to becoming one of the largest mortgage providers in the country, HDFC has come a long way.
The company began issuing deposits in 1981 and saw an exponential increase in its loan disbursals, crossing Rs.100 crore in 1984. The company also introduced customer-friendly measures such as the Step-Up Repayment Facility (SURF) to help lower income groups obtain larger loan amounts.
The company entered into strategic partnerships with a number of firms after the liberalisation of the economy, such as the one with Standard Life Assurance Company (UK) for life insurance.
HDFC became the first Indian company to dematerialise its shares and began to explore other sectors, setting up an insurance company and acquiring an interest in Credila Financial Services, the country's first education loan company.
Mr. Deepak Parekh- Chairman
Associated with the company since 1978, Mr. Parekh has served as Chairman since 1993. He retired as the Chairman in 2009 and now serves as a Non-Executive Chairman. Mr. Parekh served as a whole-time Director in the company in 1985. A Fellow of the Institute of Chartered Accountants of England and Wales, he has overseen the expansion of the company across different verticals. In addition to his duties at HDFC, Mr. Parekh has also served on the boards of a number of firms such as Glaxo India Ltd, Mahindra & Mahindra, Siemens Ltd among others.
A recipient of a number of awards, he was been awarded the Padma Bhushan by the Indian Government for his services to the finance sector. He also serves as the Chairman of the Advisory Board for Securities Market set up the Reserve Bank of India.
Mr. Keki Mistry- Vice Chairman and Chief Executive Officer (CEO)
Mr. Mistry serves as the current CEO and Vice President of HDFC and has been associated with the company since 1981. He was appointed an Executive Director in 1993 and served as the Deputy Managing Director in 1999 before being appointed Managing Director in 2000.
He was appointed CEO in 2010 and also serves on the boards of several companies such as HDFC ERGO, Sun Pharmaceuticals, HCL Technologies among others. He is also a Director at the BSE (Bombay Stock Exchange) and has received numerous accolades for his contribution to the banking and financial industry.
A graduate of Mumbai University, Mr. Mistry completed his Bachelor's in Commerce from Mumbai University and is a certified Chartered Accountant from the Institute of Chartered Accountants of India.
HDFC shares can be traded on the Bombay Stock Exchange (BSE) as well as the National Stock Exchange (NSE) during trading hours. For the purpose of trading, the company can be identified by the following trading codes for various bourses:
BSE: 500010
NSE: HDFC
ISIN: INE001AD1036
Sector: Finance-Housing
HDFC shares can be traded on multiple bourses, a few of which have been listed below:
The company's head office is at the following location:
HDFC House,
H.T. Parekh Marg,
165-166, Backbay Reclamation,
Churchgate,
Mumbai- 400020.
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