Housing Development Finance Corporation

An Indian private development finance organization with its headquarters in Mumbai is called Housing Development Finance Corporation Limited (HDFC). It is a significant provider of house financing in India. Additionally, it operates in the banking industry and provides life and general insurance, asset management, venture capital, real estate, educational loans, and deposits.

It was established in 1977 with the help of the Indian business community, and it is the flagship company of the HDFC group of companies. The Industrial Credit and Investment Corporation of India promoted HDFC (ICICI). Hasmukhbhai Parekh was crucial in the establishment of this business, which initially set out to address the housing crisis in India and then grew rapidly.

Home Development Financing Corporation's market capitalization as of March 2023 is $59.29 billion. By market cap, this places Home Development Finance Company as the 255th most valuable firm in the entire world. The most recent financial reports from the Housing Development Finance Corporation show that the company's current revenue (TTM) is $13.74 billion. The corporation generated $14.78 billion in revenue in 2021, an increase from $10.98 billion in revenue in 2020.

Founded: 1977
Headquarters: Mumbai, Maharashtra, India
Website: www.hdfc.com