Housing Development Finance Corporation was an Indian private-sector mortgage lender based in Mumbai.
[11] In addition to its core mortgage lending operations, HDFC had diversified interests through its associate and subsidiary companies, including banking, life and general insurance, asset management, venture capital, and deposit services.
The merger aimed to broaden the group's financial offerings and enhance customer access by leveraging the bank's extensive network and diverse portfolio.
This strategic consolidation marked a significant milestone in India's financial services landscape.
[16] Hasmukhbhai Parekh played a key role in the foundation of the company which started with the main aim of solving the housing shortage in India and steadily grew thereafter.
[2] The average loan profile amounts to INR 2.18 million (US$35,160) which lasts for about 13 years and covers approx.
The average assets under management (AUM) of HDFC Mutual Fund for the quarter Jul-13 to Sep-13 was INR 1.03 trillion.
[9] To cater to Non-Resident Indians, HDFC had offices in London, Singapore and Dubai[13] and service associates in Middle Eastern countries.
The corporation had 232 institutional owners and shareholders filing through 13D/G or 13F forms with the Securities Exchange Commission.
As of April 2023, its market capitalisation was ₹941,386 crore (US$110 billion), making it India's third largest publicly traded company.
[25] In September 2013, it was ranked third in terms of market share of private life insurance companies in India.
[18] Established in 2016, HDFC Capital Advisors is a private equity real estate firm.
[29] HDFC Credila was a non-banking finance company and the first Indian lender to exclusively focus on education loans.
59% in GRUH, a housing finance company offering loans to individuals for purchase, construction and renovation of dwelling units.
[35] Shareholding: On 30 September 2013, 73.09% of the equity shares of the company were owned by the Foreign Institutional Investors (FII).
[17] The company incurred INR 5.28 billion on employee benefit expenses for the financial year 2012–13.