What we do GIC Housing Finance Ltd provides housing loans across India, specializing in loans for purchase and construction of residential properties. |
Founded in 1,989 |
Market share Established player with a robust retail loan portfolio, operating in 84 locations across India. |
Problem solved Enables individuals and corporates to finance home ownership and residential construction, addressing housing finance needs. |
Top clients or who we serve Serves individuals and construction entities primarily in India; B2C focus with some B2B engagement via construction loans. |
Key management - |
Our journey and innovations Founded in 1989, expanded operations progressively, computerization initiated in mid-90s, and has steadily increased branch network and digital initiatives. |
Where we operate Operational presence in 84 locations across India including Mumbai, Delhi NCR, Bangalore, Hyderabad, and other Tier 2 cities. |
Top products or what we offer Home loans for purchase and construction of residential units, refinancing solutions, and corporate agency insurance products. |
Top brands No distinct sub-brands; flagship offering is its retail home loan portfolio. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring via interest income from home loan portfolios. |
Our industry position Maintains strong capital adequacy and credit ratings (AA+/Stable) reflecting solid industry positioning among housing finance companies. |
Financial highlights FY 2024-25 total income approx Rs 1,089 Cr, profit after tax Rs 160 Cr, AUM Rs 10,497 Cr, ROE 8.14%, CAR 34.92%. |
Geographical revenue split Revenue predominantly from India across multiple states and urban-rural markets. |
Order book - |
Whats driving growth Growth driven by rising housing demand, branch expansion, digital sourcing, and increased loan ticket size. |
Our future plans Focus on expanding footprint, enhancing digital delivery, increasing disbursements, and improving asset quality. |
Our green promise - |
Our people and values Employs 553 staff dedicated to customer service, with emphasis on ethical practices, inclusivity, and employee development. |
Key challenges ahead Managing asset quality, regulatory compliance, and competition in an evolving housing finance sector. |
Interesting facts One of India’s oldest housing finance firms promoted by General Insurance Corporation and subsidiaries. |
Risks and strategy Mitigates credit risk via loss provisioning and strict collection policies, maintains capital buffers and leverages technology for efficiency. |
