Piramal Finance Ltd

Dewan Housing Finance Corporation DHFC is one of the leading housing finance companies in India with a large network across the country that caters to millions of customers in the lowtomoderate income LMI category. DHFL provides customers with a vast array of home loan products including loans on homes residential plots construction LAP or loan against property as also mortgage nonresidential and project loans. As on 31 March 2019 the company had a presence in 330 locations with significant penetration in Tier 2/3 towns. This includes two international representative offices in London and Dubai. DHFLs Project Finance vertical offers a comprehensive financial solution to developers for construction and development of residential projects. As on March 31 2019 the Company has 4 wholly owned subsidiaries 3 joint ventures and 3 associate companies.Incorporated in Maharashtra in April 11th 1984 as Dewan Housing Finance Leasing Co the company was renamed as Dewan Housing Development Finance in 1984 then after to Dewan Housing Finance Corporation DHFC with its registered office in Mumbai. The company commenced its activities in Aug.84 and has several branches all over India. It was promoted by the late Shri Rajesh Kumar Wadhawan and his family.The company is recognized as a private housing finance company by the Government of India and the RBI has also considered it eligible for refinance and financial support from the National Housing Bank. The company has been permitted by the RBI to accept NRI deposits. The company provides housing finance to individuals cooperative societies corporate bodies or their nominated employees groups of persons etc and leases commercial and residential premises to reputed companies.For the first time in the history of housing finance the company has introduced a housing loan offering dual protection by way of accident risk cover and property insurance free of cost to borrowers. It also offers financial support to develop infrastructure facilities and for slum development.During the year 20002001 the company issued 8419875 equity shares of Rs 10/ each at a premium of Rs 10/ per share aggregating to Rs 1684 lacs on rights basis. On 31 March 2014 DHFL announced its entering into the countrys first ever Mortgage Guarantee contract with IMGC Indian Mortgage Guarantee Corporation. This offers DHFL a first loss guarantee on its pool of priority sector housing loans. In a firstofitskind transaction DHFL has securitized this pool of priority sector housing loans with a Mortgage Guarantee to ICICI Bank Ltd. The pool has been rated AAA SO by CARE Ltd. This guarantee has enabled DHFL to reduce the level of credit enhancement that would have otherwise been required for securitization thereby releasing capital which can be redeployed to earn higher returns. On 20 May 2014 DHFL announced the launch of its new branch and two service centres at key locations in Trivandrum Kollam Thodapuzha and Pattananmthita in Kerala. On 23 May 2014 DHFL inaugurated its flagship branch in Palghar in Thane district of Maharashtra.On 26 June 2014 DHFL announced that its ratings have been upgraded by Credit Analysis Research Ltd. CARE to CARE AAA Triple A for long term facilities. This is CAREs highest rating recognising DHFLs business excellence over three decades of operations. On 28 October 2014 Dewan Housing Finance Corporation Limited DHFL and Prudential Financial Inc. PFI announced that they have agreed to form an asset management joint venture with DHFL acquiring a 50 percent stake in Pramerica Asset Managers Pvt. Ltd. PFIs asset management business in India. This follows DHFL and PFI joining forces last year to create a life insurance joint venture DHFL Pramerica Life Insurance Company which serves the life insurance needs of customers across cities and towns in India. Under the terms of the new asset management joint venture agreement each company will own 50 percent of the business. The joint venture company will be renamed DHFL Pramerica Asset Managers Pvt. Ltd. following regulatory approvals and closure of the transaction. PFI NYSE: PRU is a USheadquartered global financial services company which does business under the trade name Pramerica in select countries outside the United States.On 21 November 2014 DHFL announced actor Shah Rukh Khan as the companys Brand Ambassador. This is the companys first such brand association in its 30 year journey of providing financial access for home buying amongst Indian customers.On 25 June 2015 DHFL announced the launch of DHFL Wealth2Health a product with unique combinations of Fixed Deposit and LoanAgainstDeposit along with a Wealth2Health card that will enable customers with multiple healthcare benefits. DHFL has entered into an agreement with Vidal Healthcare Services Pvt Ltd an integrated healthcare and wellness services company in India to launch this unique product to benefit the customers.On 7 October 2015 DHFL announced a reduction in its Retail Prime lending rate by 20 basis points. DHFL has also reduced rates for its new customers and the rate will now start from 9.65.On 6 November 2015 DHFL announced that it is expecting a steady growth in its loan book size in the Punjab and Chandigarh region in the next five years. The company is also expecting 30 surge in home loan disbursement yearonyear in the region which is boosting demand in affordable housing segment.In August 2016 DHFL created history in the Indian Capital markets by raising a record Rs 14000 crore within one month from public issue of NonConvertible Debentures NCDs. The total demand generated from the two issues was Rs 32000 crores as per the data available on the exchanges. On 6 October 2016 DHFL announced reduction in its interest rates by 20 basis points to 9.35 for its new customers with effect from 11 October 2016.On 4 January 2017 DHFL announced that it has reduced its home loan lending rates by 50 basis points from 9.

Revenue: ₹3,754.05Cr as on September 2026 (Q2 FY27)
Net Profit: ₹545.42Cr as on September 2026 (Q2 FY27)
Listing date: 17 May, 1995
Chairperson Name: Ajay Piramal