LIC Housing Finance Limited
LIC Housing Finance Limited is one of the largest housing finance companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/flat for residential purposes in India. It has fulfilled the dreams of more than 27 lakh proud house-owners. LICHFL is a subsidiary company of LIC. The company was incorporated on June 19, 1989, under the Companies Act 1956. It is promoted by LIC and went public in the year 1994.
LICHFL has one of India’s most extensive marketing network with 282 Marketing Offices, 13,577 Intermediaries and 25 Back Offices, and enjoy a strong reputation of doorstep service. With their Representative Offices in Dubai and Kuwait, they cater to Non-Resident Indians in the GCC countries of Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.
As a responsible corporate citizen, Life Insurance Corporation of India has contributed Rs 105 crore to PM CARES FUND. LICHFL has also said that it will waive off six equated monthly instalments (EMIs) under home loan product ‘Griha Varishtha’.
Their shareholding pattern include: Promoters having 40.31% shares, FIIs having 28.20% shares, DIIs having 16.82% shares and Public having 14.67%
For the quarter ended 31-03-2021, the company has reported a Consolidated Total Income of Rs 4979.91 Crore, up 1.08% from last quarter Total Income of Rs 4926.65 Crore and up 1.55% from last year same quarter Total Income of Rs 4903.54 Crore. Company has reported net profit after tax of Rs 384.93 Crore in latest quarter. The Board of Directors decided to recommend a Final Dividend @ Rs Rs.8.50 per equity share of Rs.2/-each for the financial year 2020-21.
