Dewan Housing Finance Corporation

Last updated
Dewan Housing Finance Corporation Ltd.
Company type Public
BSE:  511072
NSE:  DHFL
ISIN INE202B01012
IndustryFinancial services
FoundedApril 11, 1984;40 years ago (1984-04-11)
FounderRajesh Wadhawan
Headquarters
Area served
India
Key people
Increase2.svg ₹8,857 crore (US$1.3 billion) (2017) [1]
Increase2.svg ₹927 crore (US$0.14 billion) (2017) [1]
Total assets Increase2.svg ₹78,385 crore (US$11.8 billion) (2017) [1]
Number of employees
2,118 (2017) [1]
Parent Wadhawan Group
Website www.dhfl.com

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]

Contents

DHFL's long-term bank loan programme is rated [ICRA]A(SO) and short-term is rated [ICRA]A1+ by ICRA Limited. [6]

History

DHFL 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

As of January 2018, DHFL has 181 branches and 146 service centres. [10] It also has representative offices in London and Dubai.

Subsidiaries

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References

  1. 1 2 3 4 "DHFL Financial Report FY 2016-17" (PDF).{{cite journal}}: Cite journal requires |journal= (help)
  2. "NSE - National Stock Exchange of India Ltd". www.nse-india.com. Retrieved 2018-02-01.
  3. "Stock Share Price dewan housing finance corporation ltd | Get Quote dhfl". www.bseindia.com. BSE. Retrieved 2018-02-01.
  4. "About us - DHFL". www.dhfl.com. Retrieved 2018-02-01.
  5. "Dewan Housing Finance Corporation History | Dewan Housing Finance Corporation Information - The Economic Times". economictimes.indiatimes.com. Retrieved 2018-02-01.
  6. "DHFL ratings" (PDF).{{cite journal}}: Cite journal requires |journal= (help)
  7. "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.
  8. "DHFL and Prudential Financial, Inc. complete ownership transfer of life insurance joint venture in India" (PDF).
  9. 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.
  10. "Dewan Housing Finance Corporation Share Price Live, Dewan Housing Finance Corporation Stock Price Today". The Economic Times. Retrieved 2018-02-01.