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LIC Housing Finance

banking-image
Jul 23, 2024
15 Mins

LIC Housing Finance Limited (LIC HFL) stands as one of India's prominent players in the mortgage and loan sector. Headquartered in Mumbai, it operates under the umbrella of Life Insurance Recovery Ltd. Established on June 19, 1989, LIC HFL has grown significantly over the decades, marked by commencing operations as a public entity in 1994 and its first global depository receipt issue in 2004.

With a robust network that includes 9 regional offices, 24 back offices, and 282 marketing offices across India, as well as international offices in Kuwait and Dubai, LIC HFL has developed a widely accessible platform catering to a diverse clientele, including the Non-Resident Indian community in the Persian Gulf. The company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India and on the Luxembourg Stock Exchange globally.

LIC HFL specializes in providing long-term finance for the purchase or construction of residential homes, offering a variety of loan products suited to the varying needs of its customers. This includes loans for the construction of clinics, nursing homes, and office spaces. Notably, in January 2019, LIC HFL attained promoter and controller status in IDBI Bank Ltd., emphasizing its influential role in the financial landscape.

Governed by a board, with Tribhuwan Adhikari recently appointed as MD & CEO, LIC HFL reported a substantial volume of loans and impressive financial outcomes in the last fiscal year. For the year 2023, the company recorded a revenue of approximately ₹20,005 crore, which underscores its operational success and the trust placed in it by its customers.

Analyzing shareholders’ data as of March 2016, about 48.49% of its shares are held by LIC, with the rest owned by foreign institutional investors, mutual funds, and general public, among others. The employee workforce of LIC HFL, consisting of 2103 individuals as of 2019, is notable for not just its size but for the productivity evident in the high net profit per employee ratio. This highlights the efficacy and commitment of the staff, contributing extensively to the company’s ongoing accomplishments.

LIC Housing Finance continues to invest in its digital platforms to streamline loan application processes, enabling faster and more efficient service delivery. Its official website offers customers the facility for online home loan approvals, which bolsters customer convenience and accessibility.

As it progresses, LIC HFL remains dedicated to its mission of enabling home ownership and supporting infrastructure development across India, having established itself as a cornerstone of the Indian housing finance sector.

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Team Pluto
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Want to Achieve any of the below Goals upto 80% faster?Trusted by 3 Crore+ Indians
Dream Home
Dream Wedding
Dream Car
Retirement
1st Crore
credit-cards

LIC Housing Finance

banking-image
Jul 23, 2024
15 Mins

LIC Housing Finance Limited (LIC HFL) stands as one of India's prominent players in the mortgage and loan sector. Headquartered in Mumbai, it operates under the umbrella of Life Insurance Recovery Ltd. Established on June 19, 1989, LIC HFL has grown significantly over the decades, marked by commencing operations as a public entity in 1994 and its first global depository receipt issue in 2004.

With a robust network that includes 9 regional offices, 24 back offices, and 282 marketing offices across India, as well as international offices in Kuwait and Dubai, LIC HFL has developed a widely accessible platform catering to a diverse clientele, including the Non-Resident Indian community in the Persian Gulf. The company’s shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India and on the Luxembourg Stock Exchange globally.

LIC HFL specializes in providing long-term finance for the purchase or construction of residential homes, offering a variety of loan products suited to the varying needs of its customers. This includes loans for the construction of clinics, nursing homes, and office spaces. Notably, in January 2019, LIC HFL attained promoter and controller status in IDBI Bank Ltd., emphasizing its influential role in the financial landscape.

Governed by a board, with Tribhuwan Adhikari recently appointed as MD & CEO, LIC HFL reported a substantial volume of loans and impressive financial outcomes in the last fiscal year. For the year 2023, the company recorded a revenue of approximately ₹20,005 crore, which underscores its operational success and the trust placed in it by its customers.

Analyzing shareholders’ data as of March 2016, about 48.49% of its shares are held by LIC, with the rest owned by foreign institutional investors, mutual funds, and general public, among others. The employee workforce of LIC HFL, consisting of 2103 individuals as of 2019, is notable for not just its size but for the productivity evident in the high net profit per employee ratio. This highlights the efficacy and commitment of the staff, contributing extensively to the company’s ongoing accomplishments.

LIC Housing Finance continues to invest in its digital platforms to streamline loan application processes, enabling faster and more efficient service delivery. Its official website offers customers the facility for online home loan approvals, which bolsters customer convenience and accessibility.

As it progresses, LIC HFL remains dedicated to its mission of enabling home ownership and supporting infrastructure development across India, having established itself as a cornerstone of the Indian housing finance sector.

Available on both IOS and AndroidTry Pluto Money Today 👇
Author
Team Pluto
Have a question?
Digital GoldInvest in 24K Gold with Zero making ChargesLearn More
Digital SilverInvest in silver with Zero making ChargesLearn More
Pluto FixedEarn from 11% to 14% Returns annually in a fixed lock-in periodLearn More