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LTP
-17.70 (-0.40%)
Volume
89,933 Cr
Market Cap
₹37,201 Cr
52W Low - High
₹2,962.55 - ₹4,864.00
Sector
Finance
LTP
-2.45 (-0.13%)
Volume
19,10,967 Cr
Market Cap
₹9,02,826 Cr
52W Low - High
₹1,363.55 - ₹1,880.00
Sector
Banks
LTP
-3.05 (-0.48%)
Volume
18,06,907 Cr
Market Cap
₹1,21,734 Cr
52W Low - High
₹511.40 - ₹761.20
Sector
Insurance
LTP
0.00 (0.00%)
Volume
4,23,67,376 Cr
Market Cap
₹4,92,264 Cr
52W Low - High
₹2,551.10 - ₹2,927.40
Sector
Finance
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The HDFC (Housing Development Finance Corporation) Group was founded by Hasmukhbhai Parekh in 1977. The HDFC Group stands as a symbol of trust and reliability in the Indian financial world. HDFC was founded in the housing finance industry in response to the demand for additional home loan options in India. The group established its inaugural office in Mumbai in 1978. During the same year, it approved its maiden housing loan, leading the way for many more in the years to come. In 1982, the group rolled out its fixed deposits for everyday Indian investors, providing them with a fresh savings option.
In 1995, the group commenced its journey as a Scheduled Commercial Bank, highlighting its commitment to delivering unparalleled banking solutions to its customers. In 2008, HDFC acquired the Centurion Bank of Punjab in order to further expand its business. In 2010, the group’s subsidiary HDFC Life rolled out HDFC Pension to oversee pension fund operations under India’s National Pension System. In 2023, the merger of HDFC Bank and HDFC Limited resulted in a major restructuring. Because of this, the bank was able to restructure its organisational structure and move up the global banking hierarchy in terms of market capitalisation.
The HDFC Group has a major presence in diversified financial services, including:
Mr Hasmukh Thakordas Parekh was born on March 10, 1911, into a banking family in Surat. He was an iconic figure in the Indian housing and finance industries and was fondly called “Hasmukhbhai.” He grew up in the Gandhian era, and this had a deep impact on his values and philosophy. He was an economics graduate from Mumbai and also pursued a B.Sc. degree in Banking & Finance from the London School of Economics.
Mr Deepak Parekh is the Chairman of HDFC Ltd. Under his leadership, HDFC Ltd., India’s leading housing financing organisation, has made homeownership a reality for millions of people around the nation. HDFC is now the market leader in mortgages thanks to Mr Parekh’s clever business sense and vision, which has also elevated the company to prominence in other financial services areas such as banking, asset management, life and general insurance, real estate venture funds, education loans, and education. The majority of HDFC Group Companies are led by Mr Parekh as its Chairman.
To invest in HDFC Group stocks via Angel One, follow these steps:
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’
HDFC Bank Limited, HDFC Life Insurance Company Limited, and HDFC Asset Management Company Limited are listed companies under the HDFC Group.
As of January 17, 2024, HDFC Bank Ltd is the biggest company under the HDFC Group, with a market capitalisation of ₹12,03,409 crore.
Hasmukh Thakordas Parekh was the founder of the HDFC Group. He was an iconic figure in the Indian housing and finance industries.
HDFC Bank Ltd reported a profit of ₹17,718 crore during the December 2023 quarter and became the highest profit-making company under the group.
For the year ended March 2023, HDFC Bank Ltd reported the highest debt of ₹21,39,212 crore under the group.
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