
Investments
20Portfolio Exits
4Funds
3Partners & Customers
10About HDFC
HDFC is a provider of housing services to India with representative offices in Dubai, London, and Singapore offering home loan products to non-resident Indians and persons of Indian origin. The company was founded in 1977 and is based in Mumbai, India. In April 2022, HDFC merged with HDFC Bank.

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Latest HDFC News
Sep 22, 2023
The HDFC Bank stock traded flat at Rs 1,554.50 on September 21 and has delivered a negative 1.78 percent return over the past month. The current multiple of 2.6 times price-to-book value for the bank remains, believe analysts HDFC Bank's book value has taken a hit due to its merger with HDFC Ltd, which has caused brokerages to downgrade their rating and cut target prices, but the stock will re-rate in next 12-18 months, said Nitin Aggarwal of Motilal Oswal Financial Services. Aggarwal said that one cannot question the investment thesis for the stock in the long term as there is visibility for the merged entity to achieve 2 percent Return on Assets (ROA) by FY26. "There will be gradual improvement in earnings. The liquidity (from HDFC Ltd) is a big monitorable over the coming quarters and can help the business grow," he said, adding that HDFC group has sustained on- track execution to deliver returns. The current multiple of 2.6 times price-to-book value for the bank remains attractive for Aggarwal. However, with the merger being implemented and the entity becoming extremely large, execution remains critical, he said. Aggarwal highlighted that deposit growth will be the first key metric that investors will be watching out for. This is because the bank experienced a very strong run in Q1, while Q1 was slightly softer. “Going forward, the competition will remain tight, but the performance of the bank on deposits and thereafter even the advances shall be looked at, to evaluate the growth of the merged entity along with the margins” he said. For the next one quarter, Aggarwal would prefer to wait out and take a breather from the HDFC Bank owing to the excess liquidity built up post merger. The deployment of this liquidity is yet to be seen, said Aggarwal. Related stories On September 18, foreign broking firm Nomura has downgraded its rating on HDFC Bank to Neutral after the country's largest private-sector bank held an analyst call to share particulars of the merged entity. "Downward adjustment to the incoming net worth of HDFC Ltd (largely due to IGAAP accounting and provisioning harmonization) amounts to a book value per share cut of Rs 23 per share for the merged entity," said analysts at Nomura. The broking firm further said that net interest margins (NIM) could see pressure over the next two to three quarters as HDFC Ltd's Q2FY24 opening book NIMs are at 2 percent versus 2.7 percent in Q1. This is mainly on account of excess liquidity being carried post-merger. Navisha Joshi first published: Sep 22, 2023 07:33 am Discover the latest business news , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Trending news
HDFC Investments
20 Investments
HDFC has made 20 investments. Their latest investment was in Bonito Designs as part of their Unattributed VC on June 6, 2023.

HDFC Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/28/2023 | Unattributed VC | Bonito Designs | $4.88M | Yes | HDFC , Tomorrow Capital, and Undisclosed Angel Investors | 3 |
2/6/2023 | Series A | SatSure | Yes | HDFC , ICICI Bank, and Kotak Mahindra Bank | 4 | |
8/23/2022 | Series D | Fibe | $110M | Yes | 5 | |
7/13/2022 | Series C | |||||
5/17/2022 | Corporate Minority |
Date | 6/28/2023 | 2/6/2023 | 8/23/2022 | 7/13/2022 | 5/17/2022 |
---|---|---|---|---|---|
Round | Unattributed VC | Series A | Series D | Series C | Corporate Minority |
Company | Bonito Designs | SatSure | Fibe | ||
Amount | $4.88M | $110M | |||
New? | Yes | Yes | Yes | ||
Co-Investors | HDFC , Tomorrow Capital, and Undisclosed Angel Investors | HDFC , ICICI Bank, and Kotak Mahindra Bank | |||
Sources | 3 | 4 | 5 |
HDFC Portfolio Exits
4 Portfolio Exits
HDFC has 4 portfolio exits. Their latest portfolio exit was HDFC - Credila Financial Services on May 29, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
5/29/2023 | Divestiture | HDFC - Credila Financial Services | 5 | ||
Date | 5/29/2023 | |||
---|---|---|---|---|
Exit | Divestiture | |||
Companies | HDFC - Credila Financial Services | |||
Valuation | ||||
Acquirer | ||||
Sources | 5 |
HDFC Acquisitions
2 Acquisitions
HDFC acquired 2 companies. Their latest acquisition was HDFC Venture Capital on July 30, 2022.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
7/30/2022 | Acquired | 1 | ||||
6/19/2019 | Other |
Date | 7/30/2022 | 6/19/2019 |
---|---|---|
Investment Stage | Other | |
Companies | ||
Valuation | ||
Total Funding | ||
Note | Acquired | |
Sources | 1 |
HDFC Fund History
3 Fund Histories
HDFC has 3 funds, including HDFC Property Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
HDFC Property Fund | REAL Estate | Open | 1 | ||
HDFC Domestic Realty Fund | |||||
HDFC India Real Estate Fund |
Closing Date | |||
---|---|---|---|
Fund | HDFC Property Fund | HDFC Domestic Realty Fund | HDFC India Real Estate Fund |
Fund Type | REAL Estate | ||
Status | Open | ||
Amount | |||
Sources | 1 |
HDFC Partners & Customers
10 Partners and customers
HDFC has 10 strategic partners and customers. HDFC recently partnered with Swiggy on July 7, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
7/26/2023 | Partner | India | Swiggy Launches Co-branded Credit Card With HDFC Bank Foodtech giant Swiggy has launched a co-branded credit card in partnership with HDFC Bank to lure customers and get an upper hand over its rival Zomato . | 1 | |
1/25/2023 | Partner | India | HDFC Life Policyholders Can Now Pay Premiums With NPCI’s UPI 123PAY HDFC Life and National Payments Corporation of India , have collaborated to offer a first -- UPI . | 1 | |
11/2/2022 | Partner | India | HDFC Life And IvyCamp Launches Phase 5 Of Futurance It is the outcome of the continued partnership between HDFC , one of India 's leading life insurance companies , and IvyCamp , an initiative of IvyCap Ventures Advisors . | 1 | |
7/5/2022 | Partner | ||||
6/2/2022 | Partner |
Date | 7/26/2023 | 1/25/2023 | 11/2/2022 | 7/5/2022 | 6/2/2022 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | India | India | India | ||
News Snippet | Swiggy Launches Co-branded Credit Card With HDFC Bank Foodtech giant Swiggy has launched a co-branded credit card in partnership with HDFC Bank to lure customers and get an upper hand over its rival Zomato . | HDFC Life Policyholders Can Now Pay Premiums With NPCI’s UPI 123PAY HDFC Life and National Payments Corporation of India , have collaborated to offer a first -- UPI . | HDFC Life And IvyCamp Launches Phase 5 Of Futurance It is the outcome of the continued partnership between HDFC , one of India 's leading life insurance companies , and IvyCamp , an initiative of IvyCap Ventures Advisors . | ||
Sources | 1 | 1 | 1 |
HDFC Team
5 Team Members
HDFC has 5 team members, including current Chief Executive Officer, Keki M. Mistry.
Name | Work History | Title | Status |
---|---|---|---|
Keki M. Mistry | Chief Executive Officer | Current | |
Name | Keki M. Mistry | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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