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Past performance
About HDB Financial Services Ltd HDB Financial Services Limited (HDBFS), established in 2007, is one of India's premier non-banking financial companies (NBFCs), specializing in retail-focused financial services. Categorized by the Reserve Bank of India (RBI) as an Upper Layer NBFC (NBFC-UL), the company offers a diverse range of lending products and business process outsourcing (BPO) services. Its lending portfolio is organized into three business verticals: Enterprise Lending, Asset Finance, and Consumer Finance, catering to varied customer segments. Additionally, HDBFS provides fee-based services, distributing insurance products to its lending customers, alongside BPO services like back-office support, collections, and sales assistance.
As a subsidiary of HDFC Bank Limited, HDBFS has seen consistent growth driven by innovation and geographic expansion. Starting with one branch in Tamil Nadu in 2008, it grew rapidly to operate 1,500 branches across India by 2023. The company introduced diverse financial products over the years, from auto loans and gold-based loans to consumer durable loans, tractor finance, and microfinance. Its reach across urban and rural markets positions it as a key player in India's financial ecosystem, supporting both individual and enterprise customers.
HDBFS has a history of innovation, reflected in the launch of digital product loans and lifestyle finance options. These are further supported by operational capabilities in business process outsourcing to enhance service efficiencies. The company's focus on retail and enterprise lending has established it as a leader in its sector, making it an attractive prospect for both stakeholders and borrowers.
To fuel its growth plans, HDBFS proposes an Initial Public Offering (IPO) valued at ₹12,500 crores. The offering will include ₹2,500 crore in fresh equity and ₹10,000 crore through an offer for sale. This IPO is expected to unlock significant value for potential investors and enhance the company's capacity to scale operations further.