HDB Financial Services is amongst India’s leading Non-Banking Financial Companies and has its unlisted shares available on the Minance Private Market.
It was set up in 2007 as a subsidiary of HDFC Bank. HDB Financial Services operates in the lending and BPO space and caters to the aspirational needs of both individuals and business clients. It has also been accredited as A1+ by CRISIL AAA ratings for its outstanding services in long-term debt, bank facilities, short-term debt, and commercial papers, an incredible rating for HDB’s unlisted shares. With over 1400 branches across India, HDBFS thrives to become the country’s most admired NBFC with its great execution and customer-friendly processes.
To enhance the value of its unlisted shares, HDBFS raised ₹15,000 crores via non-convertible debentures, along with ₹500 crores from subordinated bonds. This step towards expansion was taken as HDBFS recorded a growth of 22% in its product portfolio and reached ₹56,287 crores in June 2019. It further expanded into consumer durable financing, digital product loans, and more segments related to finance. It reflected an overall CAR of 18.1% in Q3 for 2019, with its net worth at that point being ₹7,237 crores, from ₹7,178 crores in March 2019.
Due to its active acquisition strategies and expansions in the market, HDB Financial Services was trading at a valuation of ₹90,000 in the market for unlisted shares as of December 2019. HDBFS unlisted shares were trading at ₹1,100 apiece in 2019 from ₹600-700 in 2018. This growth came as it has been ranked India’s fourth-largest NBFC for lending solutions. Moreover, HDBFS partnered with Acko General Life Insurance Limited in February 2020, to offer Micro Insurance on HDB Aabhar cards. These EMI cards issued by HDBFS give customers ease in Sales Finance from General trade stores, etc.
As a part of this partnership, Acko will be ensuring that the Aabhar cardholders with micro-insurance cover along with a wide range of benefits such as hospital cash allowances, loan protector, etc.