with you right through type public company traded as bse 500010 nse hdfc bse sensex constituent cnx nifty constituent industry financial services founded 1977 founder hasmukhbhai parekh headquarters mumbai india area served india key people deepak parekh chairman keki mistry vice chairman & ceo renu sud karnad md 1 products mortgage loans revenue us 4.63 billion 2016 net income us 1.06 billion 2016 number of employees 2081 march 2015 2 website www.hdfc.com housing development finance corporation limited or hdfc is an indian financial conglomerate based in mumbai india . 2 3 it is a major provider of finance for housing in india . it also has a presence in banking life and general insurance asset management venture capital and education loans . 2 contents 1 history 2 products and services 2.1 life insurance 2.2 general insurance 2.3 mutual funds 3 operations 4 major subsidiaries and associates 5 listings and shareholding 6 employees 7 awards and recognitions 8 see also 9 references 10 external links history edit it was founded in 1977 as the first specialised mortgage company in india . 4 hdfc was promoted by the industrial credit and investment corporation of india . 5 hasmukhbhai parekh played a key role in the foundation of this company . in 2000 hdfc asset management company launched its mutual fund schemes . 5 in the same year irda granted registration to hdfc standard life insurance as the first private sector life insurance company in india . products and services edit mortgage the company provides housing finance to individuals and corporates for purchase construction of residential houses . 6 it is one of the largest providers of housing loans in india . 6 in its annual report for financial year 2012 13 the company has disclosed that it has disbursed approx . inr 456 000 crores in 35 years of its existence for a total of 4.4 million housing units . 1 the average loan profile amounts to inr 2.18 million us 35 160 which lasts for about 13 years and covers approx . 65 % of actual property value.hdfc bank has 12 054 atm and 4281 branches in india . 4 life insurance edit the company has been providing life insurance since the year 2000 through its subsidiary hdfc standard life insurance company limited . it offers 33 individual products and 8 group products . it uses hdfc group network to cross sell by offering customized products . it operates out of 451 offices across india serving over 965 locations . it had a market share of 4.6 % of life insurance business in india as of 30 september 2013 . 4 hdfc life has over 15 000 employees . 7 general insurance edit the company offers general insurance products such as motor health travel home and personal accident in the retail segment which accounts for 47 % of its total business and property marine aviation and liability insurance in the corporate segment 4 mutual funds edit hdfc provides mutual fund services through its subsidiary hdfc asset management company limited . the average assets under management aum of hdfc mutual fund for the quarter jul 13 to sep 13 was inr 1.03 trillion . 8 operations edit hdfc s distribution network spans 396 outlets including 109 offices of hdfc s distribution company hdfc sales private limited which cater to approx . 2 400 towns and cities spread across india . 2 to cater to non resident indians hdfc has offices in london singapore and dubai and service associates in middle east countries . 2 in addition hdfc covers over 90 locations through its outreach programmes . hdfc s marketing efforts continue to be concentrated on developing a stronger distribution network . home loans are also sourced through hdfc sales hdfc bank limited and other third party direct selling agents dsa . major subsidiaries and associates edit hdfc s key associate and subsidiary companies include hdfc bank limited hdfc standard life insurance company limited hdfc ergo general insurance company limited hdfc asset management company limited gruh finance limited hdfc venture capital limited and credila financial services private limited . 4 hdfc bank hdfc holds approx . 21.5 % of shares in hdfc bank . hdfc bank sources home loans for hdfc for a fee . 9 the key business areas of hdfc bank are wholesale and retail banking and treasury operations . on 31 march 2013 its market capitalisation was inr 1.5 trillion us 27.31 billion making it india s seventh largest publicly traded company . 10 hdfc standard life insurance company limited hdfc holds approx . 70.7 % of shares in hdfc life . standard life holds 26 % shares . in september 2013 it was ranked third in terms of market share of private life insurance companies in india . 4 on the same date it had a network of approx . 72 000 financial consultants to sell its policies . 4 hdfc asset management company hdfc formed this mutual fund company with standard life investments and holds approx . 60 % of its shares . it manages 44 schemes comprising debt equity exchange traded fund and fund of fund schemes . 4 average assets under management aum as at the end of september 2013 were inr 1.07 trillion . 4 it is ranked first in the industry in india on the basis of average assets under management . 4 hdfc ergo general insurance company hdfc formed this general insurance company with ergo insurance group . hdfc holds 74 % and ergo holds 26 % of the shares . by the end of september 2013 its market share in general insurance stood at 4.1 % overall in terms of gross gross direct premium in first half year of fy 2013 14 . 4 the total employee strength of the company as of march 31 2013 was 1 389 . 7 gruh finance hdfc holds approx . 59 % in gruh . it is a housing finance company offering loans to individuals for purchase construction and renovation of dwelling units . it also offers loans to the self employed segment where formal income proofs are not available . 4 it has a retail network of 136 offices across 7 states in india . 4 hdfc property fund it was launched in 2005 . its first scheme was a close ended fund for domestic investors hdfc india real estate fund . the funds of this scheme are managed by hdfc venture capital limited . its another scheme is for international investors and is a closed ended fund hiref international fund . 4 credila financial services credila is a non banking finance company and was the first indian lender to exclusively focus on education loans . the company lends to under graduate and post graduate students studying in india or abroad . hdfc holds approx . 90 % shares in this company . the average amount of education loan disbursed is inr 880 000 approx . 4 listings and shareholding edit listing the equity shares of hdfc are listed on bombay stock exchange where it is a constituent of the bse sensex index 11 and the national stock exchange of india where it is a constituent of the s & p cnx nifty . 12 shareholding on 30 september 2013 73.09 % of the equity shares of the company were owned by the foreign institutional investors fii . around 185 000 individual public shareholders own approx . 9.25 % of its shares . the remaining 17.66 % shares are owned by others . 13 shareholders as of 30 september 2013 shareholding 13 promoter group 00.00 % foreign institutional investors fii 73.09 % individual shareholders 09.25 % insurance companies 08.42 % mutual funds uti 03.04 % corporate bodies 02.77 % financial institutions banks 02.11 % nri ocb fdi others 01.32 % total 100.0 % employees edit as of 31 march 2013 the company had 1 833 employees out of which 22 % were women . 6 the company incurred inr 5.28 billion on employee benefit expenses for the financial year 2012 13 . 1 employee productivity for fy 2012 13 the company reported a per employee profit of us 489 000 and per employee assets of us 18.5 million . 4 centre for housing finance hdfc s training centre is located in lonavla mumbai and it was established in 1989 . it is mainly used for training programmes workshops conferences and strategy meetings . 14 awards and recognitions edit in 2013 a survey on india s best boards listed hdfc s board of directors among the 5 best boards in india . 3 15 in may 2013 forbes listed it at 561 in the global 2000 list of largest companies . 16 in 2012 hdfc limited was recognised as one of india s best companies to work for in a joint study conducted by the economic times and the great place to work institute . 17 see also edit mortgage loan hdfc life hdfc bank hdfc securities companies portal references edit a b c annual report 2012 13 pdf . hdfc . retrieved 20 november 2013 . a b c d e about hdfc . hdfc . retrieved 19 november 2013 . a b india s best boards 2013 hdfc distinguished by the fact that it has no promoter . economic times . 26 july 2013 . retrieved 27 november 2013 . a b c d e f g h i j k l m n o p investor presentations quarter ended september 2013 pdf . hdfc limited . 5 november 2013 . retrieved 27 november 2013 . a b company history housing development finance corporation ltd. . economic times . retrieved 27 november 2013 . a b c business responsibility report 2012 13 pdf . hdfc . retrieved 20 november 2013 . a b annual report of subsidiaries for fy 2012 13 pdf . hdfc . retrieved 27 november 2013 . average aum . association of mutual funds in india . retrieved 8 december 2013 . investor presentations quarter ended march 2013 pdf . hdfc . retrieved 27 november 2013 . table 4 12 top 50 companies by market capitalisation as of march 31 2013 . nse india . 31 march 2013 . retrieved 9 november 2013 . scripwise weightages in s & p bse sensex . bse india . retrieved 16 november 2013 . download list of cnx nifty stocks . csv . nse india . retrieved 16 november 2013 . a b shareholding pattern . hdfc limited . 30 september 2013 . retrieved 16 november 2013 . hdfc training centre . hdfc . retrieved 27 november 2013 . india s best boards 2013 kumar birla led jury finds only five winners . economic times . 26 july 2013 . retrieved 27 november 2013 . hdfc on the forbes global 2000 list . forbes . may 2013 . retrieved 27 november 2013 . best companies to work for 2012 . economic times . 16 july 2012 . retrieved 20 november 2013 . external links edit official website business data for hdfc hoover s bloomberg reuters v t e mortgage loan financial literacy interest rate type fixed rate mortgage adjustable rate mortgage variable rate floating rate repayment type continuous repayment mortgage self amortized repayment at term interest only mortgage endowment mortgage no repayment reverse mortgage hybrid balloon payment mortgage equity release shared appreciation mortgage variable payment flexible mortgage offset mortgage mortgage accelerator graduated payment mortgage loan other variations buy to let mortgage foreign currency mortgage foreign national mortgage wraparound mortgage key concepts annual percentage rate apr foreclosure repossession v t e bse sensex companies of india airtel axis bank bajaj auto bhel cipla coal india dr. reddy s laboratories gail hdfc hdfc bank hero motocorp hindalco hul icici bank infosys itc l & t mahindra & mahindra maruti suzuki ntpc ongc reliance industries sbi sesa sterlite sun pharma tata motors tata power tata steel tcs wipro v t e cnx nifty companies of india