LIC Housing Finance
LIC Housing Finance Limited is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai.
LIFE INSURANCE CORPORATION OF INDIA holds founder, promoter & controller status.
LIC HFL is associate/subsidiary company of LIC of India.
LIC HFL Company since 1989. The main objective of the Company is to provide long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses. The Company also provides finance on existing property for business / personal needs and also gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments. The Company also provides long term finance to persons engaged in the business of construction of houses or flats for residential purpose and to be sold by them.
LIC of India also holds and status in IDBI Bank Ltd from January 2019.
History
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 issue was launched in 2004. The Authorized Capital of the Company is Rs.1500 Million and its paid-up Capital is Rs.1009.9 Million. The Company is registered with National Housing Bank and listed on the National Stock Exchange & Bombay Stock Exchange Limited and its shares are traded only in Demat format. The GDR's are listed on the Luxembourg Stock Exchange.Operations
In FY-2019, It has 9 regional offices, 23 back-offices and 273 marketing Offices across India. It also has 2 foreign offices in Kuwait and Dubai to cater to the Non-Resident Indians in the Persian Gulf countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. Its coverage of more than 450 centres. Company also has more than 12000 marketing intermediaries or agents to guide through the loan processes. It also has online home loan approvals facility through its website www.lichousing.comListings and Shareholding
Listing: The equity shares of LIC HFL are listed on Bombay Stock Exchange and the National Stock Exchange of India. Its Global depository receipts are listed on the Luxembourg Stock Exchange.Shareholding: On 31 March 2016, 40.31% of the equity shares of the company were owned by LIC. the Foreign Institutional Investors held approx. 32% of the shares. Around 158,000 individual public shareholders own approx. 9% of its shares. The remaining 18% shares are owned by others.
| Shareholders | Shareholding |
| Promoter | 40.31% |
| Foreign Institutional Investors | 32.45% |
| Mutual Funds | 10.12% |
| Individual shareholders | 09.32% |
| Bodies Corporate | 03.47% |
| Insurance companies | 02.08% |
| GDRs | 00.16% |
| Others | 02.09% |
Employees
The company had 1345 employees as on 31 March 2013, out of which 444 were women and 4 were employees with disabilities.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 crores and net profit per employee was Rs. 70.51 lakhs. In the same financial year, it incurred INR 98.15 crores on employee benefit expenses.
Now In Financial Year 2019, LIC HFL company has total 2103 employees. & net profit per employee is 94.62 lakhs rupees/employee.