<< Back to Live Chennai

Lic Housing Finance PVT LTD

With You For your Dream House

Lic Housing Finance PVT LTD

Full Description


 

LIC Housing Finance Ltd. is one of the largest Housing Finance company in India. Incorporated on 19th June 1989 under the Companies Act, 1956, the company was promoted by LIC of India and went public in the year 1994. The Company launched its maiden GDR issue in 2004. The Authorized Capital of the Company is Rs.1500 Million (Rs.150 Crores) and its paid up Capital is Rs.850 Millions (Rs.85 Crores). The Company is recognized by National Housing Bank and listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE) and its shares are traded only in Demat format. The GDR’s are listed on the Luxembourg Stock Exchange.

The main objective of the Company is providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. The Company also provides finance on existing property for business / personal needs and gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments.

The Company possesses one of the industry’s most extensive marketing network in India : Registered and Corporate Office at Mumbai, 7 Regional Offices, 13 Back Offices and 190 marketing units across India. In addition the company has appointed over 1241 Direct Sales Agents (DSAs), 6535 Home Loan Agents (HLAs) and 782 Customer Relationship Associates (CRAs) to extend its marketing reach. Back Offices spread across the country conduct the credit appraisal and administrative functions.

The Company has set up a Representative Office in Dubai and Kuwait to cater to the Non-Resident Indians in the GLCC countries covering Bahrain,Dubai, Kuwait, Qatar and Saudi Arabia. Today the Company has a proud group of over 10,00,000 prudent house owners who have enjoyed the Company’s financial assistance.

he Company generated a total Income of Rs.6215 crore during F. Y. 2011-12, out of which, revenue from housing finance operations comprised Rs.6114.86 crore.

Ø      The Profit before Tax amounted to Rs.1230.91 crore and the Profit after Tax was Rs.914.19 crore.

Ø      Considering the good performance during the financial year 2011-12 the Board of Directors have recommended a dividend of 180 percent i.e. Rs.3.6 per equity share of Rs.2/- each.  The Net Worth of your Company stands at Rs.5682 crore, showing a growth of over 36 percent over the preceding year.  The Book Value of Share as on 31st March, 2012 stood at Rs.108.11 while the Earning Per Share was Rs.19.20.

Ø      Market capitalization of the Company were subject to the sharp movements of share price at the Stock Exchanges and as on 31.03.2012 it was Rs.13275.16 crore on the basis of the closing share price of Rs.263.05 at BSE.

To be the best Housing Finance Company in the country.

Provide secured housing finance at

affordable cost, maximizing shareholders

value with higher customer sensitivity.

Mr. S. Ramasamy
Regional Manager
LIC HOUSING FINANCE LTD.
Harrington Chambers,Block C,
30/1A,Abdul Razzack 1st Street,
Saidapet,
CHENNAI – 600 015

 

 



Location


Leave a Reply