This article is about the List of Top Housing Finance Companies in India. The housing Industry currently contributes to nearly 8-9% of India’s GDP.
List of Top Housing Finance Companies in India
So here is the list of Top Housing Finance companies in India which is sorted out based on the Turnover of the company.
10. AAVAS Financiers Ltd
AAVAS is primarily engaged in the business of providing housing loans to customers belonging to low and middle-income segments in semi-urban and rural areas. These are creditworthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks.
- Total Sales: Rs 828 Cr
- Profit: 232 Cr
- Market Cap: 14,551 Cr.
- ROE: 11.63 %
- Sales Growth (3Yrs): %
- Promoter holding: 58.25 %
- Debt to equity: 1.70
- Price to book value: 7.42
AAVAS uses a unique appraisal methodology to assess these customers individually. The financing solution needs to be appropriated and suitable for them. The Company is of the best housing finance companies in Inida.
AAVAS believes that every customer is unique and so far as his financial needs & feel it is absolutely necessary not to treat them as a homogeneous group of borrowers but appreciate the individual need of every customer, and offer housing Finance solutions that are appropriate and suitable to them.
9. Repco Home Finance Ltd
Repco Home Finance Ltd (RHFL) is a professionally managed housing finance company headquartered in Chennai, Tamil Nadu. The company is 9th in the list of housing finance companies.
The company was incorporated in April 2000. The company was registered as a housing finance company with the National Housing Bank (NHB).
- Total Sales: Rs 1,271 Cr
- Profit: 270 Cr
- Market Cap: 2,057 Cr.
- ROE: 16.54 %
- Sales Growth (3Yrs): 10.55 %
- Promoter holding: 37.13 %
- Debt to equity: 5.56
- Price to book value: 1.23
As at the end of March 2018, RHFL is operating through 131 branches and 29 satellite centers in Tamil Nadu, Andhra Pradesh, Jharkhand, Kerala, Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Odisha, West Bengal, and Puducherry.
8. Can Fin Homes Ltd
Can fin homes is a housing finance company promoted by Canara Bank, in 1987, the International year of shelter for the homeless. The company is incorporated under the companies act, 1956. The first HFC Floated by any Nationalised bank in the Country; Founder chairman Shri B Ratnakar.
- Total Sales: Rs 1,890 Cr
- Profit: 321 Cr
- Market Cap: 5,304 Cr.
- ROE: 18.15 %
- Sales Growth (3Yrs): 16.83 %
- Promoter holding: 29.99 %
- Debt to equity: 7.18
- Price to book value: 2.74
The main objective of setting up the company was promoting homeownership. The initial shareholders of the company were, Canara bank Can Bank financial services, HDFC and UTI. The company was listed in the year 1991.
7. GRUH Finance Ltd
GRUH Finance Started operation in 1988 as a subsidiary of HDFC. GRUH Finance had 195 Branches across 11 states in India. With a focus on rural India, Gruh finance has reached 1,131 Talukas spread over 125 districts.
- Total Sales: Rs 2,110 Cr
- Profit: 448 Cr
- Market Cap: 23,321 Cr.
- ROE: 25.95 %
- Sales Growth (3Yrs): 16.69 %
- Promoter holding: 47.43 %
- Debt to equity: 8.73
- Price to book value: 12.33
More than 50% of the loan advanced by the company were in rural areas. The company is 7th in the list of housing finance companies in India.
In October 2019, GRUH finance becomes a part of Bandhan bank and its products are available under GRUH Home loans by Bandhan bank.
6. Housing & Urban Development Corporation Ltd
Housing and Urban Development Corporation Ltd (HUDCO), the premier techno-financing public sector enterprise, in the field of housing and infrastructure development. It is one of the leading housing finance companies in Inida.
The Company is headquartered in the national capital, New Delhi and operates through a strong and multi-disciplinary workforce placed over its nationwide network of regional and development offices.
- Total Sales: Rs 6,568 Cr
- Profit: 1,626 Cr
- Market Cap: 7,227 Cr.
- ROE: 11.29 %
- Sales Growth (3Yrs): 19.52 %
- Promoter holding: 89.81 %
- Debt to equity: 0.39
- Price to book value: 0.60
With its corporate vision of being among the world’s leading knowledge hubs and financial facilitating organizations for habitat development, HUDCO is on the mission of promoting sustainable habitat development to enhance the quality of life. HUDCO was upgraded to a Schedule-A PSE in 2002 and was also conferred the Mini Ratna status in 2004.
5. PNB Housing Finance Ltd
PNB Housing Finance Limited (PNB Housing) is a registered housing finance company with National Housing Bank (NHB). It was incorporated under the Companies Act, 1956 and commenced its operations on November 11, 1988. PNB Housing is promoted by Punjab National Bank (PNB).
The Company came out with a public issue of equity shares in November 2016. Its equity shares are listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Total Sales: Rs 8,623 Cr
- Profit: 1,348 Cr
- Market Cap: 7,298 Cr.
- ROE: 15.45 %
- Sales Growth (3Yrs): 40.49 %
- Promoter holding: 32.66 %
- Debt to equity: 6.76
- Price to book value: 0.91
With over three decades of specialized experience in housing finance, PNB Housing has a robust network of branches spread across the country which helps its customers avail financial services (loans and deposits) seamlessly.
4. Dewan Housing Finance Corporation Ltd
Dewan Housing Finance Corporation’s main business is of providing loans to Retail customers for construction or purchase of residential property, loans against property.
- Revenue: Rs 12,270 Cr
- Profit: -1,677 Cr
- Market Cap: 506.82 Cr.
- ROE: -11.63 %
- Sales Growth (3Yrs): 20.88 %
- Promoter holding: 39.21 %
- Debt to equity: 11.57
- Price to book value: 0.06
For over three decades, DHFL has been providing easy access to affordable Housing Finance to realize home-ownership aspirations of millions of Lower and Middle-income families in semi-urban and rural India.
The company is 4th largest in the list of Top housing finance companies in India.
3. Indiabulls Housing Finance Ltd
Founded in 2000, Indiabulls Housing Finance Ltd. (IBHFL) is India’s second-largest private housing finance company. The Company has served over 1 million happy customers across India and has cumulatively disbursed loans of over Rs 2.47 lakh Crores.
- Total Sales: Rs 15,997
- Profit: 3,503 Cr
- Market Cap: 12,923 Cr.
- ROE: 26.53 %
- Sales Growth (3Yrs): 22.67 %
- Promoter holding: 21.52 %
- Debt to equity: 5.33
- Price to book value: 0.76
The company has a workforce of over 8,100 employees, more than half of which are dedicated to customer service and sales.It has Over 220 branches well-appointed and accessible in 110 towns and cities across India 2 representative offices in Dubai and London offering services to NRIs/PIOs.
2. LIC Housing Finance Ltd
Incorporated in 1989, LIC Housing Finance Ltd (LICHFL) is one of the largest Housing Finance Companies in India with a key objective of providing long term finance to individuals for the purchase or construction of house/ flat for residential purposes in India.
The Company also provides finance on existing property for business or personal needs and also gives loans to professionals for buying their office space and equipment. The Company also provides finance to persons engaged in the business of construction and sale of residential properties. One of the industry’s most extensive marketing network in India with 273 marketing offices.
- Revenue: Rs 18,917 Cr
- Profit: 2,681 Cr
- Market Cap: 21,919 Cr.
- ROE: 15.89 %
- Sales Growth (3Yrs): 11.67 %
- Promoter holding: 40.31 %
- Debt to equity: 9.77
- Price to book value: 1.27
In addition, it has appointed nearly 13,343 intermediaries to extend its marketing reach. Twenty-Three Back Offices spread across the country conduct credit appraisal and administrative functions.
The Company has set up a Representative Offices in Dubai and Kuwait to cater to the NonResident Indians in the GCC countries covering Bahrain, Dubai, Kuwait, Qatar, and Saudi Arabia. Today, the Company has a proud group of over 26 lakh prudent house owners.
1. Housing Development Finance Corporation Ltd
HDFC is a leading provider of Housing Finance in India. Pioneered Housing Finance in 1977. The company has an extensive distribution network of 546 interconnected offices (including 188 offices of HDFC Sales) with outreach programs to several towns and cities all over India.
- Total Sales: Rs 109,052 Cr
- Profit: 21,013 Cr
- Market Cap: 422,652 Cr.
- ROE: 15.95 %
- Sales Growth (3Yrs): 21.60 %
- Promoter holding: 0.00 %
- Debt to equity: 2.17
- Price to book value: 3.37
3 representative offices in Dubai, London, and Singapore offering Home Loan products to Non-Resident Indians and Persons of Indian Origin. It is the Largest private Indian Housing finance companies in India in terms of Total sales Enhanced distribution through HDFC Sales, HDFC Bank and third party Direct Selling Associates.
List of Top Housing Finance Company by Revenue
Here is the list of Top Housing Finance Company which is sorted out based on Revenue
- 10. AAVAS Financiers Ltd
- 9. Repco Home Finance Ltd
- 8. Can Fin Homes Ltd
- 7. GRUH Finance Ltd
- 6. Housing & Urban Development Corporation Ltd
- 5. PNB Housing Finance Ltd
- 4. Dewan Housing Finance Corporation Ltd
- 3. Indiabulls Housing Finance Ltd
- 2. LIC Housing Finance Ltd
- 1. Housing Development Finance Corporation Ltd
Which is the best home loan company in India?
Housing Development Finance Corporation Ltd ( HDFC ) is the largest and the best home loan company in India based on Turnover.
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