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{{short description|Indian housing finance company}}
{{Use dmy dates|date=August 2018}}
{{Use Indian English|date=August 2018}}
{{Infobox company
| name = Indiabulls Housing Finance Limited
| logo = Indiabulls_Housing_Finance_logo.svg
| logo_size = 250px
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|535789}}|{{NSE|IBULHSGFIN}}}}
| foundation = {{start date and age|2000}}<ref>{{cite web|title=Indiabulls Housing Finance Company Background :- Finance - Housing, Company Background of Indiabulls Housing Finance - BSE: 535789, NSE: IBULHSGFIN|url=http://www.moneycontrol.com/company-facts/indiabullshousingfinance/background/IHF01#IHF01|website=www.moneycontrol.com|accessdate=30 April 2017}}</ref>
| area_served = India, United Kingdom, United Arab Emirates
| location_city = [[Gurugram]]
| hq_location_country = [[India]]
| key_people = [[Sameer Gehlaut]]<br />({{small|Chairman}})
| revenue = {{increase}}{{INRConvert|170.27|b}} <ref name="profitloss">{{cite web|title=Indiabulls Housing Finance Profit & Loss account, Indiabulls Housing Finance Financial Statement & Accounts|url=http://www.moneycontrol.com/financials/indiabullshousingfinance/profit-lossVI/IHF01#IHF01|website=www.moneycontrol.com|accessdate=30 April 2017}}</ref>
| revenue_year = 2019
| operating_income = {{increase}} {{INRConvert|76.18|b}}
| income_year = 2016
| net_income =
| net_income_year = 2020
| assets = {{increase}} {{INRConvert|751|b}} <ref name="balancesheet">{{cite web|title=Indiabulls Housing Finance Balance Sheet, Indiabulls Housing Finance Financial Statement & Accounts|url=http://www.moneycontrol.com/financials/indiabullshousingfinance/balance-sheetVI/IHF01#IHF01|website=www.moneycontrol.com|accessdate=30 April 2017}}</ref>
| assets_year = 2016
| equity =
| equity_year =
| ISIN = INE148I01020
| industry = [[Financial services]]
| services = {{Unbulleted list|[[Home loans]]|[[Financial services|Financing]]|[[Banking]]}}
| subsid =
| homepage = {{URL|http://www.indiabullshomeloans.com/}}
| intl =
}}

'''Indiabulls Housing Finance Limited''' is a mortgage lender headquartered in [[Gurgaon|Gurugram]], [[Haryana]], [[India]]. It is India's second largest housing finance company and is regulated by the [[National Housing Bank]].<ref name="nationalhousingbank">{{cite news|title=Indiabulls Housing Finance trims interest rates for existing borrowers by 15 bps - Mint Market Info|url=http://markets.livemint.com/news/company/news/indiabulls-housing-finance-trims-interest-rates-for-existing-borrowers-by-15-bps-525090.aspx|accessdate=30 April 2017|work=Livemint|date=23 January 2017}}</ref> It is part of [[Sameer Gehlaut]]'s [[Indiabulls]] group and contributes approximately 80% of the groups turnover.<ref name="split">{{cite news|last1=Kamath|first1=Raghavendra|title=Indiabulls promoters split empire|url=http://www.business-standard.com/article/companies/indiabulls-promoters-split-empire-114070900745_1.html|accessdate=30 April 2017|work=Business Standard India|date=10 July 2014}}</ref>

On 5 April 2019, the board of Indiabulls Housing Finance approved a merger with the private sector bank [[Lakshmi Vilas Bank]]. Indiabulls shareholders will receive a 90.5% stake in the consolidated entity, to be called Indiabulls Lakshmi Vilas Bank, and LVB will receive the remaining 9.5%.<ref>{{cite web |last1=Saha |first1=Manojit |title=Lakshmi Vilas finds a new home in Indiabulls |url=https://www.thehindu.com/business/lakshmi-vilas-finds-a-new-home-in-indiabulls/article26750283.ece |website=The Hindu |accessdate=6 April 2019 |language=en-IN |date=5 April 2019}}</ref> The merged entity will create a net worth of ₹19,472 crore and a loan book ₹1,23,393 crore for the nine months of FY2019.<ref>{{cite news|url=https://www.thehindubusinessline.com/money-and-banking/lakshmi-vilas-bank-to-merge-with-indiabulls-housing-finance/article26749991.ece/amp/|work=thehindubusinessline|title=Lakshmi Vilas Bank to merge with Indiabulls Housing Finance|accessdate=6 April 2019}}</ref><ref>{{cite news |title=Indiabulls Housing Finance raises Rs 200 crore from 2 public lenders |url=https://economictimes.indiatimes.com/markets/bonds/indiabulls-housing-finance-raises-rs-200-crore-from-2-public-lenders/articleshow/76346002.cms |work=The Economic Times |date=12 June 2020}}</ref> However the RBI resoundingly rejected the proposal from Indiabulls Housing Finance amid allegations of gross financial mismanagement and irregularities with connection to the promoter ex-billionaire Sameer Gehlaut.<ref>{{cite news|title=RBI rejects Indiabulls|url=https://economictimes.indiatimes.com/markets/stocks/news/rbi-rejects-indiabulls-housing-lakshmi-vilas-banks-proposed-merger/articleshow/71507985.cms?from=mdr}}</ref>

==Technology and Digitisation==
In 2016, Indiabulls Housing Finance announced that it would invest ₹100 crore in innovative technology platforms.<ref name="technology">{{cite news|last1=Bhakta|first1=Pratik|title=Indiabulls Housing Finance to invest over Rs 100 crore on technology|url=http://economictimes.indiatimes.com/small-biz/money/indiabulls-housing-finance-to-invest-over-rs-100-crore-on-technology/articleshow/52985213.cms|accessdate=30 April 2017|work=The Economic Times|date=30 June 2016}}</ref> The same year it became the first mortgage company to complete an end-to-end digitisation of loan sanctions in India.<ref name="digitalhomeloans1">{{cite news|last1=Shetty|first1=Mayur|title=Indiabulls Housing digitises home loans - Times of India|url=http://timesofindia.indiatimes.com/business/Indiabulls-Housing-digitises-home-loans/articleshow/53398419.cms|accessdate=30 April 2017|work=The Times of India|date=26 July 2016}}</ref> The company tied up with the [[Centre for Development of Advanced Computing]] and the [[Unique Identification Authority of India]] to offer e-signing using PAN and Aadhar numbers.<ref name="digitalhomeloans2">{{cite news|title=Now, you can avail a home loan online!|url=http://www.rediff.com/business/report/perfin-now-you-can-avail-a-home-loan-online/20160805.htm|accessdate=30 April 2017|work=Rediff|date=5 August 2016}}</ref> The mortgage agreements signed through this route as stored digitally in [[National Securities Depository Limited|NSDL]] depository participant accounts.<ref name="technology"/> It also has an application on [[Facebook]], ''IB Easy'' which facilitates loan applications through social media.<ref name="fb">{{cite news|last1=Sharma|first1=Ashwini Kumar|title=Zeroing in on a home loan online|url=http://www.livemint.com/Money/tib5mFoBIFQAQ7bycLBzNK/Zeroing-in-on-a-home-loan-online.html|accessdate=30 April 2017|work=Livemint/|date=5 April 2017}}</ref>

==International Presence==
Indiabulls Housing Finance bought a 40% stake in [[London]] based [[OakNorth Bank]] for £66 million in 2015, making it the largest shareholder in the bank which was founded by serial entrepreneur Rishi Khosla and specialises in lending to small businesses.<ref name="onenorthbank">{{cite news|last1=Babar|first1=Kailash|last2=Mehta|first2=Sangita|title=Indiabulls Housing Finance buys 40 per cent in UK bank|url=http://economictimes.indiatimes.com/industry/banking/finance/banking/indiabulls-housing-finance-buys-40-per-cent-in-uk-bank/articleshow/49751648.cms|accessdate=30 April 2017|work=The Economic Times|date=12 November 2015}}</ref> The company also has a branch office in [[Dubai]], [[United Arab Emirates]].<ref name="bsbackground">{{cite web|title=Indiabulls Housing Finance Ltd.|url=http://www.business-standard.com/company/indiabulls-housing-finance-ltd-36229/information/company-history|website=Business Standard India|accessdate=30 April 2017}}</ref> It provides loans to [[Non Resident Indian]]s based in UAE to buy properties in India.<ref name="gulfnews">{{cite news|last1=Editor|first1=Manoj Nair, Associate|title=Indiabulls marks out its turf in Dubai|url=http://gulfnews.com/business/property/indiabulls-marks-out-its-turf-in-dubai-1.1462414|accessdate=30 April 2017|work=GulfNews|date=25 February 2015}}</ref>

==Awards==
Indiabulls Housing Finance was recognized as the ''Fastest Growing Housing Finance Company of the Year 2013-14'' by NAREDCO. In 2015, the company was awarded ''Best Housing Finance Company'' by Realty Plus as well as ''Best Affordable Housing Finance Company of the Year'' by [[ASSOCHAM]].<ref name="bsbackground"/>

{{reflist}}

{{Nifty 200 companies}}

[[Category:Financial services companies of India]]
[[Category:Companies based in Haryana]]
[[Category:2005 establishments in Haryana]]
[[Category:Financial services companies established in 2005]]
[[Category:Indian companies established in 2005]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

{{India-company-stub}}

Indiabulls Housing Finance - Revision history

>DaxServer at 15:27, 22 August 2021