 | |
| Company type | Public |
|---|---|
| Industry | Financial services |
| Founded | 19 June 1989 (36 years ago) (1989-06-19) |
| Founder | Life Insurance Corporation of India |
| Headquarters | Mumbai,India |
Area served | India |
Key people | Tribhuwan Adhikary (MD & CEO)[1] |
| Products | Home loans andMortgage loans |
| Revenue |  ₹20,005 crore (US$2.4 billion)(2023)[2] |
 ₹16,963 crore (US$2.0 billion)(2023) | |
| ₹2,286 crore (US$270 million)(2023) | |
| Total assets | ₹254,687 crore (US$30 billion) (2023) |
| Total equity | ₹24,751 crore (US$2.9 billion) (2023) |
Number of employees | 2,103 |
| Parent | Life Insurance Corporation of India |
| Subsidiaries |
|
| Website | lichousing |
LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office inMumbai. It is a deposit taking housing finance company, and it is a subsidiary ofLIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. It also finances the repair and renovation of existing residences and gives loans to businesses to purchase or construct clinics, nursing homes, diagnostic centres, office space or equipment.[3]
The company was incorporated on 19 June 1989, under theCompanies Act, 1956. It was promoted byLife Insurance Corporation of India and went public in the year 1994. The maidenglobal depository receipt (GDR) issue was launched in 2004.[4] The Authorized Capital of the Company is Rs.1500 Million (Rs.150 crore) and its paid-up Capital is Rs.1009.9 Million (Rs.100.99 crore). The Company is registered withNational Housing Bank and listed on theNational Stock Exchange (NSE) &Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR's are listed on theLuxembourg Stock Exchange.
In FY-2019, it had 9 regional offices, 24 Back-offices, and 282 marketing Offices across India.[3] It also has 2 foreign offices in Kuwait and Dubai to cater to the Non-Resident Indians in thePersian Gulf countries covering the residents of Bahrain, Dubai, Kuwait, Qatar, and Saudi Arabia. It has more than 450 centres across India. The company also has more than 12000 marketing intermediaries or agents to guide through the loan processes. It also has an online home loan approvals facility through its website.[3][5]
The equity shares of LIC HFL are listed on theBombay Stock Exchange and theNational Stock Exchange of India. ItsGlobal depository receipts are listed on theLuxembourg Stock Exchange.
As of 31 March 2016, 48.49% of theequity shares of the company were owned byLIC. The Foreign Institutional Investors (FII) held approx. 32% of the shares. Around 158,000 individual public shareholders own approximately 9% of its shares. The remaining 18% shares are owned by others.[6]
| Shareholders (as on 31 March 2016) | Shareholding[6] |
|---|---|
| Promoter (LIC) | 40.31% |
| Foreign Institutional Investors (FII) | 32.45% |
| Mutual Funds | 10.12% |
| Individual shareholders | 09.32% |
| Bodies Corporate | 03.47% |
| Insurance companies | 02.08% |
| GDRs | 00.16% |
| Others | 02.09% |
The company had 1345 employees as of 31 March 2013, out of which 444 were women (31%) and 4 were employees with disabilities.
In its Annual report for FY 2012-13, the company reported that loan assets per employee as at 31 March 2013 were Rs. 53.63 crore and net profit per employee was Rs. 70.51 lakh.[7] In the same financial year, it incurred INR 98.15 crore on employee benefit expenses.[7]
As of 2019, the company has a total of 2103 employees, with a net profit per employee amounting to approximately Rs. 94.62 lakh.
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