HDB Financial Services Ltd incorporated in Ahmadabad, India, is a Systemically Important Non Deposit taking Non-Banking Financial Company (‘NBFC’). The Company is a subsidiary of HDFC Bank Limited.The Company provides lending services and business process outsourcing services.
The Company also provides services related to the marketing and promotion of various financial products. HDB Financial Services has more than 1400 Branches spread across 24 States & 3 Union Territories.
HDB Financial Services Ltd
Incorporated in 2007, HDB Financial Services is a well-established business with strong capitalization. The Company’s registered office is situated at Ahmadabad, India, while its corporate office is located in Mumbai, India. HDB Financial Services is organised primarily into two segments.
- Lending business and
- BPO services.
The Company has posted total income and net profit of 10,756.47 crore and 1,004.85 crore, respectively, for the financial year ended March 31, 2020.
Lending Business of HDB Financial Company
Lending business includes providing finance to retail customers for a variety of purposes like purchase
of commercial equipment and commercial vehicles, personal purposes, enterprise loans, etc. Revenue
from lending business includes
- Interest income and processing fees net of loan origination costs,
- Collection-related charges like cheque bouncing charges, late payment charges and foreclosure charges, and
- Insurance commission.
BPO Business
BPO services comprises of sales support services, back office, operations, processing support, running collection call centres and collecting overdue amounts from borrowers.
Mr. G. Ramesh, Managing Director & CEO
Mr. G. Ramesh is the Managing Director & Chief Executive Officer [ CEO ] of HDB Financial Services Limited.
- Mr. Haren Parekh, Chief Financial Officer
- Ms. Dipti Khandelwal, Company Secretary
Parent Company [ HDFC Bank ]
HDB Financial Services Limited is a subsidiary company of HDFC Bank. The Housing Development Finance Corporation Limited (HDFC) was incorporated in August 1994 in the name of ‘HDFC Bank Limited’, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.
HDB Financial Company Registered Office
Radhika, 2nd Floor, Law Garden Road,
Navrangpura, Ahmedabad – 380 009
Tel No.: +91 79 48914514
Website: www.hdbfs.com Email: compliance@hdbfs.com
CIN: U65993GJ2007PLC051028
Corporate Office
Ground Floor, Zenith House,
Keshavrao Khadye Marg, Mahalaxmi,
Mumbai – 400 034
Tel No.: +91 22 49116300
Fax: +91 22 39586666
