Incorporated in 1977, HDFC the pioneer of housing finance in
India has assisted more than 3 million families to own a home of
their own, through housing loan approvals of over Rs.1,647 billion.
It has consistently striven for and developed an excellent
reputation for professionalism, integrity and an impeccable record
of customer friendly services.It has turned the concept of housing
finance for the growing middle class in India into a profitable,
professionally managed, world class enterprise.
Loan approvals during the six-month period ending September 30,
2007 amounted to Rs. 18,948 crore as compared to Rs. 14,729 crore,
in the corresponding period last year, representing a growth of
29%. Loan disbursements during the period ending September 30, 2007
amounted to Rs.14,275 crore as compared to Rs. 11,280 crore in the
corresponding period last year, representing an increase of
HDFC has a market capitalisation of around Rs 750 billion. Foreign
Equity Holding in HDFC is around 80%. The HDFC group has an asset
base of over Rs 2,000 billion and a customer base of over 17
HDFC now has a wide network of over 243 outlets, reaching out to
over 2400 towns and cities all over India. It also has an
international office in Dubai, U.A.E. and service associates in
Kuwait, Oman, Qatar, Saudi Arabia and Bahrain to service
Non-Resident Indians. It has recently launched its operations in
London to provide assistance to NRIs and PIOs to buy a house back
HDFC has been described as a model housing finance company for
developing countries with nascent housing finance markets. It has
provided technical assistance in Bangladesh, Sri Lanka and Egypt
and has undertaken consultancy assignments in various countries
across Asia, Africa and East Europe.
It has been recognized among India’s Best
Managed Companies and today has emerged as a financial conglomerate
by promoting a bank, insurance companies (for life and general), an
asset management company, a realty company, a credit bureau and a
real estate venture capital company.