LIC Housing Finance
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.
| Company type | Public |
|---|---|
Traded as | |
| Industry | Financial services |
| Founded | 19 June 1989 |
| Founder | Life Insurance Corporation of India |
| Headquarters | Mumbai, India |
Area served | India |
Key people | Tribhuwan Adhikary (MD & CEO) |
| Products | Home loans and Mortgage loans |
| Revenue | ₹20,005 crore (US$2.5 billion)(2023) |
| ₹16,963 crore (US$2.1 billion)(2023) | |
Net income | ₹2,286 crore (US$290 million)(2023) |
| Total assets | ₹254,687 crore (US$32 billion) (2023) |
| Total equity | ₹24,751 crore (US$3.1 billion) (2023) |
Number of employees | 2,103 |
| Parent | Life Insurance Corporation of India |
| Subsidiaries |
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| Website | lichousing |
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 equipment. 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 promoter and controller status in IDBI Bank Ltd. from January 2019;