Dewan Housing Finance Corporation Ltd. (DHFL) is a is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across India.[2][3] DHFL was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country.[4] The company also leases commercial and residential premises . DHFL is among the 50 biggest financial companies in India.[5]
 | |
| Company type | Public |
|---|---|
| BSE: 511072 NSE: DHFL | |
| ISIN | INE202B01012 |
| Industry | Financial services |
| Founded | April 11, 1984 |
| Founder | Rajesh Wadhawan |
| Headquarters | |
Area served | India |
Key people |
|
 ₹8,857 crore (US$1.3 billion) (2017)[1] | |
| ₹927 crore (US$0.14 billion) (2017)[1] | |
| Total assets | ₹78,385 crore (US$11.8 billion) (2017)[1] |
Number of employees | 2,118 (2017)[1] |
| Parent | Wadhawan Group |
| Website | www |
DHFL's long-term bank loan programme is rated [ICRA]A(SO) and short-term is rated [ICRA]A1+ by ICRA Limited.[6]
History
editDHFL was established and incorporated by Rajesh Kumar Wadhawan on 11 April 1984. The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation.[7]
On 18 December 2013, DHFL acquired 74% stake DLF Pramerica Life Insurance Company Ltd.[8] In 2010, DHFL acquired Deutsche Postbank Home Finance unit for ₹1079 crores.[9]
Operations
editAs of January 2018[update], DHFL has 181 branches and 146 service centres.[10] It also has representative offices in London and Dubai.
Subsidiaries
edit- DHFL Pramerica Life Insurance Company Limited
- DHFL Pramerica Asset Managers Private Limited
- Avanse Financial Services Limited
- DHFL Vysya Housing Finance Limited
- Aadhar Housing Finance Limited
References
edit- ^ a b c d "DHFL Financial Report FY 2016-17" (PDF).
{{cite journal}}: Cite journal requires|journal=(help) - ^ "NSE - National Stock Exchange of India Ltd". www.nse-india.com. Retrieved 2018-02-01.
- ^ "Stock Share Price dewan housing finance corporation ltd | Get Quote dhfl". www.bseindia.com. BSE. Retrieved 2018-02-01.
- ^ "About us - DHFL". www.dhfl.com. Retrieved 2018-02-01.
- ^ "Dewan Housing Finance Corporation History | Dewan Housing Finance Corporation Information - The Economic Times". economictimes.indiatimes.com. Retrieved 2018-02-01.
- ^ "DHFL ratings" (PDF).
{{cite journal}}: Cite journal requires|journal=(help) - ^ "Dewan Housing Finance Corporation > Company History > Finance - Housing > Company History of Dewan Housing Finance Corporation - BSE: 511072, NSE: DHFL". www.moneycontrol.com. Retrieved 2018-02-01.
- ^ "DHFL and Prudential Financial, Inc. complete ownership transfer of life insurance joint venture in India" (PDF).
- ^ India, Press Trust Of (2010-12-02). "DHFL buys Deutsche Postbank's unit for Rs 1,079 crore". Business Standard India. Retrieved 2018-02-01.
- ^ "Dewan Housing Finance Corporation Share Price Live, Dewan Housing Finance Corporation Stock Price Today". The Economic Times. Retrieved 2018-02-01.