https://indianpedia.org/index.php?action=history&feed=atom&title=LIC_Housing_FinanceLIC Housing Finance - Revision history2026-07-31T04:19:41ZRevision history for this page on the wikiMediaWiki 1.45.4https://indianpedia.org/index.php?title=LIC_Housing_Finance&diff=409860&oldid=prevCleanupBot II at 09:46, 14 August 20232023-08-14T09:46:49Z<p></p>
<p><b>New page</b></p><div>{{short description|Indian state owned housing finance company}}<br />
{{More citations needed|date=July 2019}}<br />
{{Use Indian English|date=August 2015}}<br />
{{Use dmy dates|date=January 2015}}<br />
{{Infobox company<br />
| name = LIC Housing Finance Limited<br />
| logo = <br />
| type = [[Public company|Public]]<br />
| traded_as = {{ubl|{{BSE|500253}}|{{NSE|LICHSGFIN}}}}<br />
| industry = [[Financial services]]<br />
| founder = [[Life Insurance Corporation of India]]<br />
| area_served = [[India]]<br />
| key_people = Viswanatha Gowd <br />{{small|([[CEO|MD & CEO]])}}<ref>{{cite web |last1=Bureau |first1=Our |title=New CEO at LIC Housing Finance |url=https://www.thehindubusinessline.com/money-and-banking/new-ceo-at-lic-housing-finance/article33730372.ece |website=@businessline |access-date=2 February 2021 |language=en}}</ref><br />
| products = [[Home loans]] and [[Mortgage loans]]<br />
| revenue = <br />
| operating_income = <br />
| parent = [[Life Insurance Corporation of India]]<br />
| net_income = <br />
| num_employees = 2,103<br />
| subsid = {{ubl|LIC HFL Care Homes Limited<br />
| LIC HFL Financial Services Limited<br />
|LIC HFL Asset Management Company Private Limited}}<br />
| footnotes = <br />
| foundation = {{start date and age|1989|06|19|df=yes|p=yes}}<br />
| location = [[Mumbai]], [[India]]<br />
| homepage = {{url|lichousing.com}}<br />
}}<br />
<br />
'''LIC Housing Finance Limited''' ('''LIC HFL''') is one of the largest [[Housing]] [[Finance]] Mortgage loan companies in India having its Registered and Corporate office at [[Mumbai]]. LIC HFL is a subsidiary company of LIC.<br />
<br />
The main objective of the company is to provide long-term financing to individuals for the purchase or construction of houses or flats for residential purposes; the company also finances for the purpose of repair and renovation of existing flats and houses. The NBFC also provides financing on existing property for business and personal needs and gives loans to professionals for purchase or construction of Clinics, Nursing Homes, Diagnostic Centres, Office Space and also for purchase of equipments. The Company is very well known for providing long term financing to individuals engaged in the business of construction of houses or flats for residential purpose. LIC of India also holds [[wikt:promoter|promoter]] and [[wikt:controller|controller]] status in [[IDBI Bank]] Ltd from January 2019.<ref name=AboutUs>{{cite web|url=http://www.lichousing.com/aboutus.php|title=About Us - Company Profile|publisher=LIC Housing Finance Ltd|accessdate=10 April 2015}}</ref><br />
<br />
==History==<br />
The company was incorporated on June 19, 1989, under the [[Companies Act, 1956]]. It is 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.<ref>{{Cite web|url=https://www.bourse.lu/security/US50186U2033/78703|title=LICHousingFin GDS - US50186U2033 - Luxembourg Stock Exchange|website=www.bourse.lu|access-date=2019-07-06}}</ref> The Authorized Capital of the Company is Rs.1500 Million (Rs.150 crore) and its paid-up Capital is Rs.1009.9 Million (Rs.100.99 crore). The Company is registered with [[National Housing Bank]] and listed on the [[National Stock Exchange of India|National Stock Exchange]] (NSE) & [[Bombay Stock Exchange Limited]] (BSE) and its shares are traded only in Demat format. The GDR's are listed on the [[Luxembourg Stock Exchange]].<br />
<br />
==Operations==<br />
In FY-2019, It has 9 regional offices, 24 Back-offices, and 282 marketing Offices across India.<ref name=AboutUs/> It also has 2 foreign offices in Kuwait and Dubai to cater to the Non-Resident Indians in the [[Arab states of the Persian Gulf|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 approvals facility through its website.<ref name=AboutUs/><ref>{{cite news |url=http://www.moneycontrol.com/news/business/lic-housing-examining-opportunitiesspore-malaysia_730292.html |title=LIC Housing 'examining' opportunities in S'pore, Malaysia |date=13 July 2012 |publisher=moneycontrol.com |accessdate=16 July 2012}}</ref><br />
<br />
==Listings and Shareholding==<br />
'''Listing''': The equity shares of LIC HFL are listed on [[Bombay Stock Exchange]] and the [[National Stock Exchange of India]]. Its [[Global depository receipt]]s are listed on the [[Luxembourg Stock Exchange]].<br />
<br />
'''Shareholding''': On 31 March 2016, 48.49% of the [[Common stock|equity shares]] of the company were owned by [[Life Insurance Corporation of India|LIC]]. the Foreign Institutional Investors (FII) held approx. 32% of the shares. Around 158,000 individual public shareholders own approximately 9% of its shares. The remaining 18% shares are owned by Others.<ref name=Shareholding>{{cite web |url=http://www.lichfl.com//lichousing/aboutus/share_holding_pattern.asp |title=Shareholding pattern |publisher=LIC HFL Limited |date=30 September 2013 |accessdate=12 December 2013}}</ref><br />
<br />
{| class="wikitable"<br />
|-<br />
! Shareholders (as on 31 March 2016)!! Shareholding<ref name=Shareholding/><br />
|-<br />
| Promoter ([[Life Insurance Corporation of India|LIC]])||40.31%<br />
|-<br />
| Foreign Institutional Investors (FII)||32.45%<br />
|-<br />
| Mutual Funds||10.12%<br />
|-<br />
| Individual shareholders||09.32%<br />
|-<br />
| Bodies Corporate||03.47%<br />
|-<br />
| Insurance companies||02.08%<br />
|-<br />
| GDRs||00.16%<br />
|-<br />
| Others||02.09%<br />
|-800000<br />
|-<br />
|}<br />
<br />
==Employees==<br />
The company had 1345 employees as on 31 March 2013, out of which 444 were women (31%) and 4 were employees with disabilities.<br /><br />
In its Annual report for FY 2012-13, the company reported that loan assets per employee as at 31 March 2013 were Rs. 53.63 crore and net profit per employee was Rs. 70.51 lakh.<ref name=AR201213>{{cite web |url=http://www.lichfl.com//lichousing/aboutus/LIC%20Annual%20Report_2013.pdf |title=Annual Report 2012-13 |publisher=LIC HFL |accessdate=12 December 2013}}</ref> In the same financial year, it incurred INR 98.15 crore on employee benefit expenses.<ref name=AR201213/><br />
<br />
As of 2019, the company has a total of 2103 employees, with a net profit per employee amounting to approximately Rs. 94.62 lakh.<br />
<br />
== References ==<br />
{{Reflist}}<br />
<br />
== External links ==<br />
* {{Official website|http://www.lichfl.com}}<br />
* [https://web.archive.org/web/20160304001740/http://in.reuters.com/finance/stocks/overview?symbol=LICH.NS LIC HFL] at [[Reuters]]<br />
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{{Financial services in India}}{{Nifty 200 companies}}<br />
<br />
[[Category:Financial services companies established in 1989]]<br />
[[Category:Housing finance companies of India]]<br />
[[Category:Financial services companies based in Mumbai]]<br />
[[Category:Life Insurance Corporation]]<br />
[[Category:Indian companies established in 1989]]<br />
[[Category:1989 establishments in Maharashtra]]<br />
[[Category:Companies listed on the National Stock Exchange of India]]<br />
[[Category:Companies listed on the Bombay Stock Exchange]]</div>CleanupBot II