Housing Development Finance Corporation
Indian mortgage lending institution / From Wikipedia, the free encyclopedia
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Not to be confused with HDFC Bank.
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai.[9][10] It was the biggest housing finance company in India.[11] It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.[9]
Quick Facts Company type, Traded as ...
Company type | Public |
---|---|
BSE: 500010 NSE: HDFC BSE SENSEX Constituent NSE NIFTY 50 Constituent | |
ISIN | INE001A01036 |
Industry | Financial services |
Founded | 1977; 47 years ago (1977) |
Defunct | 1 July 2023; 9 months ago (1 July 2023) |
Fate | Merged with HDFC Bank[1] |
Headquarters | Mumbai, Maharashtra, India |
Area served | India |
Key people |
|
Products | Mortgage loans |
Revenue | ₹152,997.64 crore (US$19 billion)[3] (2023) |
₹32,130.55 crore (US$4.0 billion)[3] (2023) | |
₹26,160.90 crore (US$3.3 billion)[3] (2023) | |
AUM | ₹432,084.97 crore (US$54 billion)[4] |
Total assets | ₹1,091,528.84 crore (US$140 billion)[5] (2023) |
Total equity | ₹201,474.50 crore (US$25 billion)[5] (2023) |
Number of employees | 3,226 (2021)[6] |
Subsidiaries | HDFC Bank HDFC ERGO HDFC Life HDFC Mutual Fund[7] HDFC Credila[8] |
Website | www.hdfc.com |
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In July 2023, the mortgage lender merged with HDFC Bank,[12] the country's largest private sector bank, in a bid to expand it's portfolio and to gain access to a larger customer base.[13]