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HDFC company logo
Mutual Fund
FINANCE | Real Estate
hdfc.com

Investments

20

Portfolio Exits

4

Funds

3

Partners & Customers

10

About 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.

Headquarters Location

Ramon House, H T Parekh Marg, 169 Backbay Reclamation, Churchgate

Mumbai, 400020,

India

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Latest HDFC News

HDFC Bank will re-rate in next 12-18 months: Nitin Aggarwal of Motilal Oswal

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.

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HDFC Investments Activity

investments chart

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

4

8/23/2022

Series D

Fibe

$110M

Yes

5

7/13/2022

Series C

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$99M

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10

5/17/2022

Corporate Minority

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10

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

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Amount

$4.88M

$110M

$99M

New?

Yes

Yes

Yes

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Co-Investors

HDFC , Tomorrow Capital, and Undisclosed Angel Investors

Sources

3

4

5

10

10

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

$99M

5

4/22/2021

Shareholder Liquidity

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$99M

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10

12/21/2017

Divestiture

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$99M

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10

4/3/2017

Acq - Fin

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$99M

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10

Date

5/29/2023

4/22/2021

12/21/2017

4/3/2017

Exit

Divestiture

Shareholder Liquidity

Divestiture

Acq - Fin

Companies

HDFC - Credila Financial Services

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

10

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

$99M

Acquired

1

6/19/2019

Other

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$99M

$99M

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10

Date

7/30/2022

6/19/2019

Investment Stage

Other

Companies

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Valuation

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

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

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10

HDFC India Real Estate Fund

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10

Closing Date

Fund

HDFC Property Fund

HDFC Domestic Realty Fund

HDFC India Real Estate Fund

Fund Type

REAL Estate

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Status

Open

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Amount

Sources

1

10

10

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

United States

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10

6/2/2022

Partner

Ireland

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10

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

United States

Ireland

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 .

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Sources

1

1

1

10

10

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

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Name

Keki M. Mistry

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Work History

Title

Chief Executive Officer

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Status

Current

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