DHFL

DHFL is India’s second largest private sector housing finance company.

The Company was founded in 1984 by late Shri Rajesh Kumar Wadhawan, with a vision to enable home ownership amongst the low and middle income customer segment in semi-urban & rural India.

Today, DHFL has presence across 550 locations in India, and 2 international representative offices in UK & UAE. These offices deal in a variety of home loan products.

DHFL offers a vast array of Home Loan products, including Home Loan, Plot Loan, Construction Loan, Loan against Property, Mortgage Loans and Project Loans. The Company also offers a range of Fixed Deposit products that ensure high yield, safety and liquidity.

DHFL is amongst the first companies in India to introduce insurance as a value-added product with housing finance.

DHFL’s credit rating has been recently upgraded to CARE AAA (Triple A) for its long term facilities, including Long Term Bank Facilities, Non-Convertible Debentures (NCDs) and Fixed Deposits (FDs). This is an important milestone in the 30 years of business and is a testimony to the strong processes and systems that DHFL has built over time. The Company has also been assigned BWR AAA from Brickworks Rating.

Company history

DHFL was incorporated as "Dewan Housing Finance & Leasing Company Limited" on 11 April 1984 under the Companies Act, 1956 and obtained the Certificate of Commencement of Business on 26 April 1984. The Company was formed with an object to meet the requirements of the large middle and lower income segment of the Indian population.

The Company went public in December 1984, with the object of strengthening the capital base and broad basing the shareholding. At present, DHFL has equity shares listed on BSE and NSE.

In 2003-04, DHFL and its promoters acquired 91.22% equity stake in Vysya Bank Housing Finance Limited, This entity was later renamed to DHFL Vysya Housing Finance Limited.

Not much later in 2010-11, DHFL promoted a housing finance company called "Aadhar Housing Finance Private Limited" (AHFPL). This was created chiefly for making housing finance more accessible to economically weaker sections of the society.

During the year 2011-12, DHFL along with other purchasers acquired from BHW Holdings AG, Germany, 100% equity stake in Deutsche Postbank Home Finance Limited (DPHFL), a Housing Finance Company registered with the National Housing Bank. DHFL acquired 67.56% equity stake in DPHFL through its special purpose vehicle Subsequently the name of the DPHFL was changed to First Blue Home Finance Limited (FBHFL).

During the year 2012-13, DHFL invested 48.50% in the paid up equity share capital of Avanse Financial Services Limited. Avanse is a Non-Banking Finance Company (NBFC) registered with the Reserve Bank of India. It focuses on providing education loans for higher studies in India and abroad.

Corporate social responsibility programmes

DHFL supports education, community development, health and environment issues that directly benefit society. Concern India Foundation and Mobile Crèches are two of the NGOs they have partnered with. The Company has funded fees of economically weaker deserving students in Solapur and has been associated various NGOs to demonstrate support for activities that will directly benefit children.

Current board of directors

• Kapil Wadhawan - Chairman & Managing Director
• Dheeraj Wadhawan – Non-Executive Director

Network

Based in India’s commercial capital Mumbai, DHFL strives continually to reach out to its customers through its extensive network of 278 offices spread across the length and breadth of the country, and international representative offices, in Dubai, UAE and London, UK.

Alliances & Business Tie-ups–Home Loan Syndication Agreements with Punjab & Sind Bank, United Bank of India, Central Bank of India and Yes Bank

Mergers and acquisitions

2003-04 – DHFL acquired the housing finance arm of ING Vysya Bank; first acquisition of a public sector venture by a private sector company. 2010 – DHFL acquired First Blue Home Finance Limited ( Deutsche Postbank Home Finance) from BHW Holdings, Germany. 2013 – Merger of First Blue Home Finance Limited with DHFL.

Recognition

DHFL has been recognized by premier organizations such as the International Finance Corporation. It has also been recognized as one of the top 100 companies in a survey conducted by The Economic Times.

Awards

2013

• DHFL Conferred the BEST EMPLOYER BRAND AWARD at IPE BFSI Awards

2012

• The Greatest Corporate Leaders of India - Leadership Awards in Financial Services
• DHFL is among Most Trusted Financial Brands in India - Brand Trust Report
• DHFLs Marketing Head Wins - Super Achievers Award, at 11th Indira Super Achievers awards for Professional Excellence
• DHFL Group Head, Human Resources wins HR warrior Awards. Making a Difference 2012
• DHFL Wins Marketer of the Year - Realty Plus Excellence awards of the year - 2012

2011

• DHFL wins Greentech HR Excellence Award - 2012 for best strategy ( Gold Award)
• DHFL among India's 50 biggest Financial Companies in India
• DHFL Becomes life time corporate member of the Indian Institution of Valuers (India)
• 2nd Asia's Best Employer Brand Award for excellence in HR through Technology
• DHFL is ranked as Power Brand 2010-11 amongst the top 200 brands in India by M/S Planman Marcom
• DHFL has been chosen as The Newsmaker of the Year by a leading real estate publication Realty Plus

2010

• DHFL's HR team wins Global Greentech award for Technology Excellence in HR
• Mr Kapil Wadhawan wins UDHAN Award for the year 2010 - By Navbharat times
• India's Top 100 Best Companies to work for- Great Place to Work Institute, India in Association with Economic Times

2008

• Silver CIO awards '08 by - CIOL Dataquest Enterprise Connect Awards

2007

• Excellence in Design among HFI's at property Expo October 2007 by (Maharashtra Chamber of Housing Industry)
• Excellence in Design among HFI's at Property Expo April 2007 by (Maharashtra Chamber of Housing Industry)
• SRS Real Estate & Infrastructure Award for National Excellence(Real Estate watch Monthly)
• Award of Appreciation (Maharashtra Chamber of Housing Industry)

2004

• Best customer Service HFI's Property (5th Housing and Real Estate Exhibition)
• Project Crayons corporate social responsibility award

2002

• Housing Company of the Year
• Young Achiever Awards (Accommodation Times)
• Rashtra Nirman Ratna Awards

1995

• Udyog Excellence Awards 1995

1992

• Housing Company of the year

1991

• Udyog Gaurav Awards

See also

• Indian banking
• List of companies of India
• List of banks in India