Housing Development Finance Corporation
| 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 crore (US$18 billion) (2023) |
| ₹32,130 crore (US$3.8 billion) (2023) | |
| ₹26,160 crore (US$3.1 billion) (2023) | |
| AUM | ₹432,084 crore (US$51 billion) |
| Total assets | ₹1,091,528 crore (US$130 billion) (2023) |
| Total equity | ₹201,474 crore (US$24 billion) (2023) |
Number of employees | 3,226 (2021) |
| Subsidiaries | HDFC Bank HDFC ERGO HDFC Life HDFC Mutual Fund HDFC Credila |
| Website | www.hdfc.com |
Housing Development Finance Corporation (HDFC) was an Indian private-sector mortgage lender based in Mumbai. It was widely recognised as the largest housing finance company in India. In addition to its core mortgage lending operations, HDFC had diversified interests through its associate and subsidiary companies, including banking, life and general insurance, asset management, venture capital, and deposit services.
In July 2023, HDFC merged with HDFC Bank, India’s largest private-sector bank. The merger aimed to broaden the group's financial offerings and enhance customer access by leveraging the bank's extensive network and diverse portfolio. This strategic consolidation marked a significant milestone in India's financial services landscape.