The Housing Development Finance Corporation limited was the dream child of a visionary extraordinaire- Hasmukhbhai Parikh, an Ex-chairman of the then ICICI.
It was founded in the year 1977 with a very highly socially relevant idea – giving shelter to the common Indian by making home loans and long term finance available easily. It was started by Mr. Parikh as founder chairman with a capital investment of Rs 100 million.
The company was incorporated with two main objectives – giving impetus and financial power to Indians desirous of making their dream of an own house come true, and the second being enabling and sustaining the first objective by playing a key role in improving the housing sector through better fund flows.
The company is also involved in consulting projects relating to housing finance and urban development across the world. The company has five subsidiary companies. They are HDFC Bank, HDFC Mutual fund, HDFC standard Life Insurance company, HDFC sales and HDFC Ergo general Insurance.
Over the 32 years of its existence it has become a name to reckon with in the Housing Loan domain in India.
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