GIC Housing Finance Ltd
GIC Housing Finance Ltd (GICHSGFIN)

GIC Housing Finance Ltd (GICHSGFIN)

₹135.750.44%

Key Stats

₹135.1
Day's Price Range
₹136.45
₹107.5
52-Week Price Range
₹172
1 Month Return3.6 %
3 Month Return-2.32 %
1 Year Return-3.68 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 52
4.21
EPS
Rank 55
₹32.23
BVPS
Rank 460
Dividend Yield
Rank 112
ROE
Rank 197
8.06%
Price To Book Ratio
Rank 315
Debt To Asset
Rank 455

Company Information

GIC Housing Finance Ltd is a subsidiary of General Insurance Corporation of India. The company is engaged in the housing finance activity. They operate in the retail loan segment. They provide loans to individuals and to persons/ entities engaged in construction of houses/ flats for residential purposes. As on 31 March 2019 the company had 75 offices spread across the country. They have got a strong marketing team which is further assisted by Sales Associates SAs. They have tieups with builders to provide finance to individual borrowers. The company also has tieups with corporates for various housing finance needs.GIC Housing Finance Ltd was incorporated on December 12 1989 with the name GIC Grih Vitta Ltd. The company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India.The company was promoted by General Insurance Corporation of India and their erstwhile subsidiaries namely National Insurance Company Ltd The New India Assurance Company Ltd The Oriental Insurance Company Ltd and United India Insurance Company Ltd together with erstwhile UTI ICICI IFCI HDFC and SBI all of them contributing to the initial share capital. HDFC SBI ICICI and SUUTI sold off their holding in the company and ceased to be the promoters of the company.During the year 198991 the company started their operations in 8 locations. During the year 199192 they launched Employee and Builder Scheme Housing Scheme. During the year 199293 the name of the company was changed from GIC Grih Vitta Ltd to GIC Housing Finance Ltd with effect from November 16 1993.During the year 199495 the company started new services centres in Navi Mumbai Vizag and Coimbatore. During the year 199697 they started the process of branch interlinking and computerization. During the year 200001 the company opened a service centre at Madurai in Tamilnadu. During the year 200102 they opened three service centres at Trichy Tamil Nadu Thane Mumbai and Noida Delhi.During the year 200910 the company opened their branches in tier two cities namely Baroda Nagpur and Nasik. With this the total number of branches as on 31st March 2010 stood at 27. They sanctioned Rs 77757 lakh under Apna Ghar Yojana during the year. The company had taken Special Contingency Insurance with The New India Assurance Company Ltd which covers Accidental Insurance and Mortgaged property Insurance of the borrowers of the company. Also the company made a tie up with Kotak Mahindra Old Mutual Life Insurance Ltd for getting insurance cover on the life of the borrower to the extent of the outstanding home Loan.In December 2010 the company sold their investments in LIC Mutual Fund Asset Management Company Ltd and LIC Mutual Fund Trustee Company Pvt Ltd.During the year ended 31 March 2014 GIC Housing Finance opened its branches at Patna Bihar Ahmedabad Gujarat Yelahanka Bangalore Karnataka Chandanagar Hyderabad Andhra Pradesh Kalyan Borivali Maharashtra and Dehradun Uttarakhand.During the year ended 31 March 2015 GIC Housing Finance opened its branches at Meerut Uttar Pradesh Boisar Maharashtra Ghaziabad Uttar Pradesh Margao Goa Dwarka Delhi Electronic City Bengaluru Garia Kolkata and Hadapsar Maharashtra.During the year ended 31 March 2016 GIC Housing Finance opened its branches at Greater Noida Uttar Pradesh Raipur Chhattisgarh Vijayawada Andhra Pradesh Vasai Maharashtra and Patiala Punjab.During the year ended 31 March 2017 GIC Housing Finance opened its branches at Pitampura Delhi Hinjewadi Maharashtra Barasat West Bengal Mangalore Karnataka and Guwahati Assam. During the year ended 31 March 2018 GIC Housing Finance opened its branches at Kozhikode Kerala Nellore Andhra Pradesh Whitefield Karnataka Hubli Karnataka and Siliguri West Bengal.During the year 2019 the Company has opened its Branches at Thrissur Kerala Surat Gujarat Suchitra Hyderabad Kengari Karnataka and Varanasi Uttar Pradesh.
OrganisationGIC Housing Finance Ltd
HeadquartersMumbai
IndustryFinance