HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED (HDFC Ltd.)
HDFC Ltd. was incorporated in 1977 as the first specialised mortgage company in
India. HDFC Ltd. provides financial assistance to individuals, corporates and developers
for the purchase or construction of residential housing. It also provides property
related services (e.g. property identification, sales services and valuation), training
and consultancy. Of these activities, housing finance remains the dominant activity.
HDFC Ltd. has a client base of over 13.45 lac borrowers, over 18 lac depositors,
over 1.94 lac shareholders and over 30,000 deposit agents, as at March 31,2015.
As at March 31,2015, HDFC Ltd. had mortgage loan assets of Rs.2281.81 billion.
Since inception, HDFC Ltd. has financed over 4.9 million housing units. 79.65%
of shareholders in HDFC Ltd. are foreign investors. HDFC Ltd’s market capitalisation
as at March 31,2015 stood at around Rs 1890.82 billion.
HDFC Ltd's borrowings consist of domestic term loans from banks and insurance companies,
bonds and retail deposits. HDFC Ltd. has received the highest rating for its bonds
and deposits program for the Twentieth year in succession.
As part of HDFC Ltd’s diversification initiatives, the company has set up institutions
in various fields including Banking, Insurance; Life and General, Asset Management,
Real Estate Venture Fund, Real Estate and Education Finance.It had also set up companies
for Credit Rating, Consumer Finance, Securities Trading and IT - enabled services
which it has exited.
Over the years, the HDFC group has emerged as a strong financial conglomerate in
the Indian capital markets with a presence in banking, life and general insurance,
asset management and venture capital. HDFC Ltd’s key associate and subsidiary companies
include HDFC Bank Limited, HDFC Standard Life Insurance Company Limited, HDFC Ergo
General Insurance Company Limited, HDFC Asset Management Company Limited, GRUH Finance
Limited, HDFC Venture Capital Limited HDFC Realty, HDFC Sales and Credila Financial
STANDARD LIFE INVESTMENTS LIMITED
The Standard Life Assurance Company was established in 1825 and has considerable
experience in global financial markets. The company was present in the Indian life
insurance market from 1847 to 1938 when agencies were set up in Kolkata and Mumbai.
The company re-entered the Indian market in 1995, when an agreement was signed with
HDFC Ltd to launch an insurance joint venture.
In April 2006, the Board of The Standard Life Assurance Company recommended that
it should demutualise and Standard Life plc float on the London Stock Exchange.
At a Special General Meeting held in May 2006, voting members overwhelmingly voted
in favour of this. The Court of Session in Scotland approved this in June 2006 and
Standard Life plc floated on the London Stock Exchange on 10 July 2006.
Standard Life Investments was launched as an investment management company in 1998.
It is the dedicated investment management company of the Standard Life group and
is a wholly owned subsidiary of Standard Life Investments (Holdings) Limited, which
in turn is a wholly owned subsidiary of Standard Life plc.
With global assets under management of approximately US$383.4 billion (£245.9 billion)
as at December 31, 2014, Standard Life Investments Limited is a leading asset manager
with an expanding global reach operating in the UK, Canada, Hong Kong, China, Korea,
Ireland, France, Australia and the USA, and is responsible for investing money on
behalf of six million retail and institutional clients worldwide
In order to meet the different needs and risk profiles of its clients, Standard
Life Investments Limited manages a diverse portfolio covering all of the major markets
world-wide, which includes a range of private and public equities, government and
company bonds, property investments and various derivative instruments. For more
information log on to the website www.standardlifeinvestments.com