Expert Ratings
Easily search Stocks, Mutual Funds, eBooks, Articles and Videos
Track the companies of Group.
| Sales Growth | Profit Growth | Expense Growth | Stock Price CAGR |
|---|---|---|---|
Presentation & Earning Calls |
Annual Reports |
Credit Rating |
|---|---|---|
|
|
|
|
HDB Financial Services was incorporated as ‘HDB Financial Services Limited’ under the Companies Act, 1956 pursuant to a certificate of incorporation dated June 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad (RoC) and commenced operations pursuant to a certificate for commencement of business dated July 31, 2007 issued by the RoC. The RBI granted a certificate of registration dated December 31, 2007, to the company to carry on the business of a nonbanking financial institution without accepting public deposits.
The company is the largest leading, diversified retail-focused non-banking financial company (NBFC) in India. The company is categorized as an Upper Layer NBFC (NBFC-UL) by the RBI pursuant to a certificate of registration (N.01.00477) dated December 31, 2007 and is registered with the IRDAI as a corporate agent (composite) pursuant to a certificate of renewal registration dated March 10, 2025. The Upper Layer comprises of NBFCs that are specifically identified by the RBI as warranting enhanced regulatory requirement based on a set of parameters and scoring methodology, as mentioned by the RBI from time to time. Further, the top ten eligible NBFCs in terms of their asset size shall always reside in the upper layer, irrespective of any other factor.
It began its journey in 2007 as a subsidiary of HDFC Bank, which is the largest private sector bank in India in terms of total assets as at March 31, 2025, with businesses (including those of its subsidiaries) spanning across retail and commercial banking, asset management, life insurance, general insurance and broking. Under HDFC Bank’s parentage, it has embedded a philosophy of balancing between delivering long-term sustainable growth and profitability. It has derived benefits from HDFC Bank’s parentage, including its brand recognition, while still establishing a set-up independent from HDFC Bank across its various functions including sourcing, underwriting, operations and risk management functions.
It is a diversified NBFC, with a goal of having an optimal mix across products, while maintaining a balanced approach to secured and unsecured loans in its loan book. The company’s strategy of portfolio diversification across both products and geographies creates a strong and sustainable franchise. its diversified product portfolio serves multiple credit needs of customers across three business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance. It also offers business process outsourcing (BPO) services such as back-office support services, collection and sales support services to its Promoter as well as fee-based products such as distribution of insurance products primarily to its lending customers.
Business area of the company
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.
Awards, accreditations, and recognition
History and milestones
Comment