Housing Development Finance Corporation
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India. It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.
| Company type | Public |
|---|---|
| BSE: 500010 NSE: HDFC BSE SENSEX Constituent NSE NIFTY 50 Constituent | |
| ISIN | INE001A01036 |
| Industry | Financial services |
| Founded | 1977 |
| Defunct | 1 July 2023 |
| Fate | Merged with HDFC Bank |
| Headquarters | Mumbai, Maharashtra, India |
Area served | India |
Key people |
|
| Products | Mortgage loans |
| Revenue | ₹152,997.64 crore (US$19 billion) (2023) |
| ₹32,130.55 crore (US$4.0 billion) (2023) | |
| ₹26,160.90 crore (US$3.3 billion) (2023) | |
| AUM | ₹432,084.97 crore (US$54 billion) |
| Total assets | ₹1,091,528.84 crore (US$140 billion) (2023) |
| Total equity | ₹201,474.50 crore (US$25 billion) (2023) |
Number of employees | 3,226 (2021) |
| Subsidiaries | HDFC Bank HDFC ERGO HDFC Life HDFC Mutual Fund HDFC Credila |
| Website | www.hdfc.com |
In July 2023, the mortgage lender merged with HDFC Bank, the country's largest private sector bank, in a bid to expand it's portfolio and to gain access to a larger customer base.
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