Jump to content

LIC Housing Finance

From Wikipedia, the free encyclopedia

LIC Housing Finance Limited
TypePublic
IndustryFinancial services
Founded19 June 1989 (37 years ago) (1989-06-19)
FounderLife Insurance Corporation of India
HeadquartersMumbai, India
Area served
India
Key peopleTribhuwan Adhikary
(MD & CEO)[1]
ProductsHome loans and Mortgage loans
RevenueIncrease₹20,005 crore (US$2.1 billion)(2023)[2]
Decrease₹16,963 crore (US$1.8 billion)(2023)
Decrease₹2,286 crore (US$240 million)(2023)
Total assetsIncrease ₹254,687 crore (US$26 billion) (2023)
Total equityIncrease ₹24,751 crore (US$2.6 billion) (2023)
Number of employees
2,103
ParentLife Insurance Corporation of India
Subsidiaries
  • LIC HFL Care Homes Limited
  • LIC HFL Financial Services Limited
  • LIC HFL Asset Management Company Private Limited
Websitelichousing.com

LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a deposit-taking housing finance company, and it is a subsidiary of LIC, mostly 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]

History

[edit]

The company was incorporated on 19 June 1989, under the Companies Act, 1956. It was promoted by Life Insurance Corporation of India and went public in the year 1994. The maiden global depository receipt (GDR) issue was launched in 2004.[4] The Authorized Capital of the company is Rs.1,500 Million (Rs.150 crore) and its paid-up Capital is Rs.1,009.9 Million (Rs.100.99 crore). The company is registered with the National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE), and its shares are traded only in Demat form. The GDR's are listed on the Luxembourg Stock Exchange.

Operations

[edit]

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 the Persian 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 approval facility through its website.[3][5]

Listing

[edit]

The equity shares of LIC HFL have been listed on the Bombay Stock Exchange under the security code 500253 and the National Stock Exchange of India since 1994.[6] Its Global depository receipts are listed on the Luxembourg Stock Exchange

Shareholders

[edit]

As of 31 March 2016, 48.49% of the equity shares of the company were owned by LIC. The Foreign Institutional Investors (FIIs) held approx. 32% of the shares. Around 158,000 individual public shareholders own approximately 9% of its shares. The remaining 18% of the shares are owned by others.[7]

Shareholders (as on 31 March 2016)Shareholding[7]
Promoter (LIC)40.31%
Foreign Institutional Investors (FII)32.45%
Mutual Funds10.12%
Individual shareholders09.32%
Bodies Corporate03.47%
Insurance companies02.08%
GDRs00.16%
Others02.09%

Employees

[edit]

As of 2026, LIC Housing Finance employs 2,591 people worldwide, ranking ninth by headcount among its peer companies. From 2023 to 2026, the company's total workforce grew by 2.2%, including a 0.8% year on year increase in 2026. The majority of the company's workforce is concentrated in India (99.4%), with additional international representation in the United States (0.2%) and the United Arab Emirates (0.01).

India represents LIC Housing Finance's fastest-growing employment location, recording a 1.0% hradcount increase in 2026.

In 2026, LIC Housing Finance's active job postings rose 200.0% in 2026 to 8, with new postings per month climbing from 1 in 2023 to 2 in 2026. Overall employee sentiment is neutral but declining.[8]

See also

[edit]

References

[edit]
  1. ↑ "New CEO at LIC Housing Finance". @businessnews. 28 June 2023. Retrieved 28 June 2023.
  2. ↑ "LIC-HFL Annual Trends".
  3. 1 2 3 "About Us - Company Profile". LIC Housing Finance Ltd. Retrieved 10 April 2015.
  4. ↑ "LICHousingFin GDS - US50186U2033 - Luxembourg Stock Exchange". www.bourse.lu. Retrieved 6 July 2019.
  5. ↑ "LIC Housing 'examining' opportunities in S'pore, Malaysia". moneycontrol.com. 13 July 2012. Retrieved 16 July 2012.
  6. ↑ "About Us | LIC Housing Finance Ltd (LIC HFL)". LIC Housing.
  7. 1 2 "Shareholding pattern". LIC HFL Limited. 30 September 2013. Retrieved 12 December 2013.
  8. ↑ "LIC Housing Finance Number of Employees 2026 | Employee Count & Headcount Data". Revelio Labs.
[edit]
Retrieved from "https://en.wikipedia.org/w/index.php?title=LIC_Housing_Finance&oldid=1375506514"