HDFC Limited
Housing Development Finance Corporation Limited (HDFC) is an Indian financial services company based in Mumbai, India. It was founded in 1977, as the first specialised mortgage company. HDFC is the major housing finance provider in India. It also has a presence in diverse sectors like banking, life and general insurance, asset management, venture capital, realty, education, deposits, and education loans. HDFC has the extensive distribution network of 589 interconnected offices (including 202 offices of HDFC Sales) with outreach programs to several towns and cities all over India, three representative offices in Dubai, London and Singapore offering Home Loan products to Non-Resident Indians and Persons of Indian Origin and an enhanced distribution through HDFC Sales, HDFC Bank and third-party Direct Selling Associates.
HDFC focused on increasing the Return on Equity each year to maximise shareholder value, consistently growing the loan book, maintaining low Gross Non-Performing Assets (NPAs) and maintaining a low cost to income ratio by improving operational efficiency. It subsequently helped in in the growth of the company.
In Quarter4 of FY21 net profit has increased by 3.45% as compared to quarter3 of the same year. EPS of the company increased by 3%, in previous quarter it was Rs 28.79 and now it is Rs 29.69. The board has announced a dividend of Rs 23 per share. FII increased the stake by 0.83% in the Q4. HDFC credit rating remains same as per ICRA as on March 23rd, 2021, stands at AAA compared to Feb 13 ,2020 in non-Convertible debentures, bank lines and fixed deposit programs, A1+ in commercial paper program, respectively.
Since HDFC provides myriad of services portfolio to its customers there are various subsidiaries under it, which includes HDFC Bank Limited, HDFC Standard Life Insurance Company Limited, HDFC ERGO General Insurance Company Limited, HDFC Asset Management Company Limited, GRUH Finance, HDFC Venture Capital Limited, HDFC RED and Credila Financial Services Private Limited. HDFC holds 26.14% of shares in HDFC Bank, 51.7% of shares in HDFC Life, 57.4% of its shares in HDFC Asset Management Company, 50.5% in HDFC ERGO General Insurance Company, 59% in GRUH Finance, 100% shares for HDFC RED, 90% shares in HDFC Credila Financial Services.
Recently, HDFC entered co-lending partnership with Indiabulls Housing Finance, acquired 9.9% stake in Kerala Infrastructure Fund Management.
HDFC focuses on its growth along with taking care of its employees, to provide employees with adequatetraining programmes, workshops, conferences and strategy meetings, a separate Training Centre is in Lonavla Mumbai. Also, HDFC Limited was recognised as one of India’s ‘Best Companies to work for’ in a joint study conducted by The Economic Times and ‘The Great Place to Work Institute’ in the year 2012.
The Q4 results of HDFC Limited were rectitude.
