The Housing and Urban Development Corporation Limited (HUDCO)Company Profile: Products, Promoters and Clients

The Housing and Urban Development Corporation Limited (HUDCO)Company

The Housing and Urban Development Corporation Limited( HUDCO) is a government- possessed enterprise in India. It operates as a techno- fiscal institution. HUDCO focuses on furnishing backing and support for Housing and civic development programs across India. 

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The company has a strong relationship with state governments and participates in several flagship operations of the Government of India, similar as casing for All, Smart City, AMRUT, Swachh Bharat, and Jal Jeevan Mission.

Q1. What are the Product and service offerings of the Housing & Urban Development Corporation?

HUDCO offers a variety of services, including:

  • Consultancy Services: Architectural design and development, urban and regional planning, environmental engineering, and project management consultancy.
  • Long-Term Financing: Funding for housing and urban infrastructure projects, including land acquisition.
  • Capacity Building: Training programs for alternative construction materials and capacity building for national and international stakeholders.

Q2. Who are the Promoters/Management of the Housing & Urban Development Corporation?

Government of India holds a majority stake in the company.

Sanjay Kulshrestha, Chairman & Managing Director of Housing and Urban Development Corporation Limited (HUDCO), brings over three decades of experience in infrastructure, particularly in power generation, transmission, and distribution. Prior to HUDCO, he spent 17 years at REC, a Government of India Maharatna NBFC, where he led business operations and spearheaded CSR and consultancy efforts. 

His vision at HUDCO focuses on enhancing its role in India's infrastructure development, aligning with Viksit Bharat 2047, through strategies like diversifying resources, improving liquidity, and reducing costs via international market expansion. He aims to expand HUDCO's consultancy and capacity building initiatives to provide holistic infrastructure solutions and meet sector-wide capital needs effectively.

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M Nagaraj, Director (Corporate Planning) at the company, boasts over 35 years of extensive experience across multiple sectors including housing, infrastructure finance, skill development, microfinance, and international trading. He is a qualified Cost Accountant, Company Secretary, and CAIIB-certified banker, holding an MBA with a specialization in Finance. 

Prior to joining HUDCO, Nagaraj served as Chairman-cum-Managing Director of PEC Limited and held key positions at National Safai Karmacharis Finance and Development Corporation and IIFCL Projects Limited. His career began at HUDCO where he rose to the position of Deputy General Manager over a span of 20 years, showcasing robust managerial capabilities and expertise in corporate e-governance.

Q3. Who are the Clients of the company?

Clients of the Company

HUDCO's strong relationship with state governments and its involvement in government schemes suggest that its primary clients are various state and central government agencies. Additionally, HUDCO is involved in numerous public-private partnership projects and consortium projects.

Company Presence

HUDCO has a pan-India presence with its registered and corporate offices located in New Delhi. It operates 21 regional offices and 11 development offices across India. The company also has a training and research arm, the Human Settlement Management Institute (HSMI), based in New Delhi.

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Written By:Khush Kothari