LIC Housing Finance

LIC Housing Finance Limited
Company typePrivate
IndustryFinancial services
Founded19 June 1989 (35 years ago) (1989-06-19)
FounderLife Insurance Corporation of India
HeadquartersMumbai, India
Area served
India
Key people
Tribhuwan Adhikary
(MD & CEO)[1]
ProductsHome loans and Mortgage loans
RevenueIncrease20,005 crore (US$2.4 billion)(2023)[2]
Decrease16,963 crore (US$2.0 billion)(2023)
Decrease2,286 crore (US$270 million)(2023)
Total assetsIncrease 254,687 crore (US$31 billion) (2023)
Total equityIncrease 24,751 crore (US$3.0 billion) (2023)
Number of employees
2,103
ParentLife Insurance Corporation of India
Subsidiaries
  • LIC HFL Care Homes Limited
  • LIC HFL Financial Services Limited
  • LIC HFL Asset Management Company Private Limited
Websitelichousing.com

LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a deposit taking housing finance company, and it is a subsidiary of LIC, mainly providing long-term financing to people who purchase or construct residential houses or flats. It also finances the repair and renovation of existing residences and gives loans to businesses to purchase or construct of clinics, nursing homes, diagnostic centres, office space or equipment. It holds promoter and controller status in IDBI Bank Ltd. from January 2019.[3]

  1. ^ Bureau, Our (28 June 2023). "New CEO at LIC Housing Finance". @businessnews. Retrieved 28 June 2023. {{cite web}}: |last1= has generic name (help)
  2. ^ "LIC-HFL Annual Trends".
  3. ^ "About Us - Company Profile". LIC Housing Finance Ltd. Retrieved 10 April 2015.