Dewan Housing Finance Corporation Ltd. (DHFL) is a deposit-taking housing finance company, headquartered in Mumbai with branches in major cities across India. DHFL was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India. DHFL is the second housing finance company to be established in the country. The company also leases commercial and residential premises. DHFL is among the 50 biggest financial companies in India.
DHFL's long-term bank loan programme is rated [ICRA]A(SO) and short-term is rated [ICRA]A1+ by ICRA Limited.
Video Dewan Housing Finance Corporation
History
DHFL was established and incorporated by Rajesh Kumar Wadhawan on 11 April 1984. The name of the company was changed to Dewan Housing Development Finance Ltd. and later to Dewan Housing Finance Corporation.
In 2010, DHFL acquired Deutsche Postbank Home Finance unit for INR1079 crores. On 18 December 2013, DHFL acquired 74% stake DLF Pramerica Life Insurance Company Ltd.
Maps Dewan Housing Finance Corporation
Operations
As of January 2018, DHFL has 181 branches and 146 service centres. It also has representative offices in London and Dubai.
Subsidiaries and associates
- DHFL Pramerica Life Insurance Company Limited
- DHFL Pramerica Asset Managers Private Limited
- Avanse Financial Services Limited
- DHFL Vysya Housing Finance Limited
- Aadhar Housing Finance Limited
Products
- Mortgage loans
- Home extension loans
- Home improvement loans
- Home loans for NRIs
- Plot loans
- Non residential property
- Home loan linked - insurance plan
- Reverse mortgages
- Fixed deposits
Awards
- 1991 - Udyog Gaurav Award
- 1992 - Housing company of the Year
- 1995 - Udyog Excellence Awards
- Global Greentech Award for Technology Excellence in HR
- Greentech HR Excellence Award 2012 for Best Strategy (Gold Award)
- Marketer of Year Realty Plus Excellence Awards of the Year 2012
- FM Stars of the Industry award for Excellence in Home Loan Banking 2015
- Golden Peacock Innovative Product and Service Award (GPIPSA)
- Realty Plus Newsmaker of the Year 2011
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References
Source of article : Wikipedia
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