LIC Housing Finance Limited Company Profile: Products,Promoters and Clients

Company Overview:

LICHF is one of the largest HFCs in India having one of the widest networks across the country. LICHF is promoted by Life Insurance Corporation, where it currently holds 45.24% shares in HFC. Over the years, the company has grown stronger and built a huge base of prime customers. The company has an extensive reach to address the home loan needs of prospective borrowers with a well-trained and well-spread network of 310 marketing offices.

 

Q1. What are the Product and service offerings of the company?

Lic Housing Finance offers a variety of loan options to help individuals achieve their property goals:

  • Residential loans: Finance the purchase or construction of your dream home, whether it's an apartment or a house.
  • Project finance: Support developers in financing new residential projects.
  • Loan against property (LAP): Unlock the value of your existing property by securing a loan.
  • Commercial property financing: Invest in commercial spaces through lease rental discounting (LRD) or purchase of shops and showrooms.

Q2. Who are the Promoters of the company?

LICI owns a 45.24% stake in the company.

Tribhuwan Adhikari, the MD and CEO of LIC Housing Finance, boasts an extensive career spanning over 30 years with LIC India. He began as a direct recruit in 1989 and has held various key positions across different regions, primarily focused on marketing. Notably, he independently managed two divisions and gained experience in both administrative and marketing aspects of the life insurance industry. This diverse background equips him with a deep understanding of the industry's processes and procedures.

Shri Ravi Krishan Takkar, Non-Executive Diractor, a commerce graduate from Shri Ram College of Commerce and a law graduate from Delhi University, is a seasoned banking professional with over four decades of experience. He began his career at Oriental Bank of Commerce in 1979, held key positions including Executive Director of Dena Bank and MD & CEO of UCO Bank, and has extensive expertise in operations, credit, and merchant banking. He has served on the boards of National Insurance Company Limited and various banking committees. Currently, he is an independent director at Nabsamruddhi Finance Limited and a partner at R and R Associates, providing advisory services in legal and corporate matters.

Shri Ravi Krishan TakkarNon-Executive Diractor  a commerce graduate from Shri Ram College of Commerce and a law graduate from Delhi University, is a seasoned banking professional with over four decades of experience. He began his career at Oriental Bank of Commerce in 1979, held key positions including Executive Director of Dena Bank and MD & CEO of UCO Bank, and has extensive expertise in operations, credit, and merchant banking. He has served on the boards of National Insurance Company Limited and various banking committees. Currently, he is an independent director at Nabsamruddhi Finance Limited and a partner at R and R Associates, providing advisory services in legal and corporate matters.

Q3. Who are the Clients of the company?

Company’s Loan book composition as of FY24 consists of a majority of Individual Home loans which is almost 80% of the total loan book, Non-Housing Individual and NHC Loans make up rest of the Loan book.