PNB Housing Finance Limited

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PNB Housing Finance Ltd
Company type Public
Industry Financial services, Housing Finance Company (HFC), BFSI
Founded11 November 1988 (1988-11-11)
Headquarters New Delhi, India
Number of locations
356 branches (2025)
Area served
India
Key people
Girish Kousgi (Managing Director)
Veena Kamath (Company Secretary)
Krishna Kant (Compliance Head)
ProductsHome Loans, Mortgage loan, Home Improvement Loans, Home Construction Loans, Plot Loans, Home Extension Loans, Loan Against Property, Lease Rental Discounting, Fixed Deposits
RevenueIncrease2.svg₹7,692 crore (US$910 million) (2025) [1]
Increase2.svg₹2,486 crore (US$290 million) (2025)
Increase2.svg₹1,936 crore (US$230 million) (2025)
Total assets Increase2.svg₹82,520 crore (US$9.8 billion) (2025)
Number of employees
~2200 (2025)
Website www.pnbhousing.com

PNB Housing Finance Limited (PNB Housing) is an Indian housing finance company registered with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988. PNB Housing is promoted by Punjab National Bank (PNB). The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on National Stock Exchange of India (NSE) and Bombay Stock Exchange with effect from 7 November 2016. [2] The company provides housing loans & loan against property as a part of its product portfolio and also holds the license to accept public deposits.

Contents

In May 2023, the Company successfully completed the Rights Issue of ₹2,493.76 crore which witnessed the participation of large domestic and foreign institutional investors.

The Company is rated AA+ with Stable Outlook by all four leading credit rating agencies in India, viz. CRISIL, CARE, ICRA and Ind-Ra.

Company history

PNB Housing Finance was incorporated under the Companies Act, 1956 and commenced its operations on 11 November 1988 as a wholly owned subsidiary of Punjab National Bank (PNB). On 9 December 2009 PNB entered into a strategic partnership with Destimoney Enterprises Private Limited (DEPL) [3] and sold its 26% stake to DEPL. DEPL which held 49% shares in the company until February 2015 sold its entire shareholding to Quality Investments Holdings, which is owned by Carlyle Group, a global investment firm. [4] The remaining 51% was owned by the parent bank i.e. Punjab National Bank.

In November 2016, the Company came out with a public issue of equity shares. Its equity shares are listed on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with effect from 7 November 2016.

Further, In May 2023, the Company successfully completed the Rights Issue of ₹2,493.76 crore with a subscription of 1.21x. Investor like PNB (promoter), Carlyle, Ares SSG and General Atlantic participated in the Rights Issue. It also witnessed the participation of large domestic and foreign institutional investors. PNB continues to be the promoter with 28% shareholding.

Operations

The company has Pan India presence in more than 20 states through a network of 356 branches as on 31 March 2025. The Company provides doorstep service for its products via Direct Sales Team (DST) channel. Other than the DST channel, the Company’s Home Loan and Loan against Property business is also sourced via Direct Marketing Associates (DMA) and Digital Medium. Fixed Deposits, other than direct channel is also sourced via Broker Network.

Products

Home Loan: PNB Housing provides housing loans to individuals for construction, purchase, repair, and upgrade of houses. The Company operates in multiple segments namely Prime, Emerging Markets and Affordable Housing, making it well-positioned to cater to both urban and semi-urban cities and towns.

Non-Home Loan: The company also provides loan against property, commercial property loan, lease rental discounting loans for commercial property, loans for purchase of residential plots and loan for real estate developers

Deposits: [5] PNBHFL also offers Fixed Deposits of different maturities and various interest payment options

Citations and references

  1. ↑ "FY24 Results".
  2. ↑ NULL. "List of Housing Finance Companies granted Certificate of Registration" (PDF). nhb.org.
  3. ↑ Fe Bureau (16 February 2017). "PNB sells 26% in housing finance arm to Destimoney". financialexpress.com.
  4. ↑ Saha, Manojit (25 February 2015). "Carlyle picks up Destimoney's 49% stake in PNB Housing Finance". Business Standard. Retrieved 14 September 2020.
  5. ↑ MSSN Team. "PNB Housing Finance entices investors with as high as 15% "yield"". Moneylife.in.
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