LIC Housing Finance

#3520

Rank

$2.64B

MarketCap IN

IN India

Country

Summary
LIC Housing Finance Limited, a housing finance company, provides loans for the purchase, construction, repair, and renovation of houses/buildings in India. It offers deposits; home loans to residents and non-residents, as well as to pensioners; plot loans, home improvement and construction loans, and home extension and top up loans; refinance; construction finance and term loans for builders and developers; and loans for staff quarters and other lines of credit for corporates. The company also provides loans against properties for companies and individuals; loans against securities; loans under rental securitization; and loans to professionals. In addition, it manages, advises, and administers venture capital and alternative investment funds; develops residential projects for senior citizens; and markets life and general insurance products, mutual funds, fixed deposits, and credit cards. The company markets its products through home loan agents, direct sales agents, and customer relation associates. As of March 31, 2022, it operated through a network of 24 back offices, 282 marketing offices, 1 customer service point, and 9 regional offices, as well as a representative office in Dubai. LIC Housing Finance Limited was incorporated in 1989 and is based in Mumbai, India.

History

The company was incorporated on June 19, 1989, under the Companies Act, 1956. It is promoted by Life Insurance Corporation of India and went public in the year 1994. The maiden global depository receipt issue was launched in 2004. The Authorized Capital of the Company is Rs.1500 Million and its paid-up Capital is Rs.1009.9 Million . The Company is registered with National Housing Bank and listed on the National Stock Exchange & Bombay Stock Exchange Limited and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.


Mission
To be the best Housing Finance Company in the country.

Key Team

Mr. Hitesh B. Talreja (Chief Technology Officer)

Ms. Angel Johnson (Chief Information Officer & GM of IT)

Mr. D. R. Muralidharan (Chief Compliance Officer & Joint Gen. Mang. for CSR)

Mr. A. K. Verma (Gen. Mang. of Legal, Audit & Staff Discipline)

Mr. N. Mahesh (Joint Gen. Mang. of Marketing, PR & Publicity)

Ms. Meenakshi Kumar (Gen. Mang. of CRM, Document Management & HR)

Mr. J. S. Tolia (Gen. Mang. of Marketing)


Recognition and Awards
LIC Housing Finance has won various awards, including the CNBC TV18-Awaaz Investor Award, RnB Star Corporate Award and the India SME100 Awards. The company has also been recognized as the “Best Housing Loan Provider” by various publications and media outlets.

References
LIC Housing Finance
Leadership team

Mr. Yerur Viswanatha Gowd (CEO, MD & Exec. Director)

Mr. Sudipto Sil (Chief Financial Officer)

Mr. Thumpeparambil Thomas Mathews LL.B., MA, PGDM (Gen. Mang. of Accounts, OS, Estates & Subsidiary Monitoring)

Products/ Services
Financial Services, Insurance
Number of Employees
1,000 - 20,000
Headquarters
Mumbai, Maharashtra, India
Established
1989
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
LICHSGFIN.NS
Social Media
Fri Feb 23 2024
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