Antoniochx: done

2026-02-11T17:05:59Z

done

New page

{{Short description|Indian housing finance company}}
{{Advert|date=June 2021}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
| name = ICICI Home Finance Company
| logo = 
| type = [[Private company|Private]]
| industry = Housing Finance Company (HFC), Financial services, BFSI
| fate =
| predecessor = 
| successor = 
| founded = 1999
| founder = 
| defunct = 
| hq_location_city = Mumbai
| hq_location_country = India
| area_served = India
| key_people = Vineeta Rajadhyaksha (CEO)
| products = Home loans, Loan against property, fixed deposits, gold loan, construction finance, residential and commercial property search
| owner = 
| num_employees = 1800
| num_employees_year = 2020
| revenue = ₹ 3,574.8 million
| revenue_year = 2019
| operating_income = ₹ 1692 million
| income_year = 2019
| net_income = ₹ 630.9 million
| net_income_year = 2019
| aum = 
| assets = ₹ 139,285.6 million
| assets_year = 2019
| equity =
| parent = ICICI Bank Ltd
| website = {{URL|https://www.icicihfc.com}}
}}
'''ICICI Home Finance Company''' (ICICIHFC) is an Indian public limited housing finance company (HFC),<ref name=":0">{{Cite web|title=ICICI Home Finance launches affordable housing loan scheme|url=https://www.thehindubusinessline.com/money-and-banking/icici-home-finance-launches-affordable-housing-loan-scheme/article31858469.ece|access-date=2020-07-14|website=@businessline|date=18 June 2020 |language=en}}</ref> headquartered in [[Mumbai]] with branches in major cities across [[India]].<ref>{{Cite news|last=Hetavkar|first=Nikhat|date=2018-04-24|title=ICICI Bank to keep home finance as standalone arm, drops plan to sell stake|work=Business Standard India|url=https://www.business-standard.com/article/companies/icici-bank-to-keep-home-finance-as-standalone-arm-drops-plan-to-sell-stake-118042401242_1.html|access-date=2020-07-02}}</ref><ref>{{Cite web|last=Gopakumar|first=Gopika|date=2017-11-29|title=IndoStar Capital calls off deal to buy ICICI Home Finance|url=https://www.livemint.com/Companies/AjK7CuRsdZABEnHhYNQFfK/IndoStar-Capital-calls-off-deal-to-buy-ICICI-Home-Finance.html|access-date=2020-07-02|website=Livemint|language=en}}</ref><ref>{{Cite web|agency=Press Trust of India|date=2015-12-07|title=ICICI Home Finance to raise Rs 81 crore via bonds|url=https://www.india.com/business/icici-home-finance-to-raise-rs-81-crore-via-bonds-764673/|access-date=2020-07-02|website=India News, Breaking News, Entertainment News {{!}} India.com|language=en}}</ref><ref>{{Cite web|date=2020-02-04|title=ICICI Home Finance offers spot sanctions of home loans to residents of Bhubaneswar|url=https://pragativadi.com/icici-home-finance-offers-spot-sanctions-of-home-loans-to-residents-of-bhubaneswar/|access-date=2020-07-02|website=Pragativadi: Leading Odia Dailly|language=en-US}}</ref> The company operates as a wholly owned subsidiary of [[ICICI Bank]] and is registered with the regulation authority of India - [[National Housing Bank]] (NHB).<ref>{{Cite web|last=Surabhi|title=ICICI Home Finance puts off sale plans|url=https://www.thehindubusinessline.com/money-and-banking/icici-home-finance-puts-off-sale-plans/article23661255.ece|access-date=2020-07-02|website=@businessline|date=24 April 2018 |language=en}}</ref><ref>{{Cite news|agency=Press Trust of India|date=2019-12-20|title=Four companies including SBI Card, ICICI Home Finance to list papers on BSE|work=Business Standard India|url=https://www.business-standard.com/article/pti-stories/sbi-cards-icici-home-finance-2-others-to-list-commercial-papers-on-bse-119122001207_1.html|access-date=2020-07-02}}</ref> It provides home and commercial loans, loan against property, gold loans and accepts fixed deposits.<ref>{{Cite web|last=Archana|first=Alekh|date=2018-04-24|title=ICICI Home Finance aims Rs30,000 crore loan book in 3-4 years|url=https://www.livemint.com/Industry/qGxyw67NmDWLSPgp60orMP/ICICI-Home-Finance-aims-Rs30000-crore-loan-book-in-34-year.html|access-date=2020-07-02|website=Livemint|language=en}}</ref><ref>{{Cite web|title=Bombay High Court Restrains ICICI Home Finance From Selling MEP Infra Shares|url=https://www.bloombergquint.com/business/bombay-high-court-restrains-icici-home-finance-from-selling-mep-infra-shares|access-date=2020-07-02|website=BloombergQuint|date=9 April 2020 |language=en}}</ref><ref>{{Cite web|date=2020-02-20|title=आईसीआईसीआई होम फाइनेंस ने कोटा में शुरू की तत्काल होम लोन स्कीम|url=https://www.bhaskar.com/rajasthan/kota/news/rajasthan-news-icici-home-finance-launches-instant-home-loan-scheme-in-kota-104130-6666414.html|access-date=2020-07-02|website=Dainik Bhaskar|language=hi}}</ref>

==History==
The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank.<ref>{{Cite web|date=2015-07-10|title=ICICI Bank may sell housing finance arm|url=https://www.vccircle.com/icici-bank-may-sell-housing-finance-arm|access-date=2020-07-02|website=VCCircle|language=en-US}}</ref><ref>{{Cite web|date=2017-07-04|title=Why a deal to buy ICICI Home Finance is critical for Everstone-backed IndoStar|url=https://www.vccircle.com/why-a-deal-to-buy-icici-home-finance-is-critical-for-everstone-backed-indostar|access-date=2020-07-02|website=VCCircle|language=en-US}}</ref> It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance.<ref>{{Cite news|last=Rebello|first=Joel|date=2018-04-25|title=ICICI Bank makes a u-turn, drops plans to sell housing-finance unit|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/icici-bank-makes-a-u-turn-drops-plans-to-sell-housing-finance-unit/articleshow/63905614.cms|access-date=2020-07-02}}</ref> ICICI HFC is registered with [[National Housing Bank]].<ref>{{Cite web|date=2020-03-17|title=ICICI Home Finance offers spot sanctions of home loans to residents of Jaipur|url=https://thenewsstrike.com/icici-home-finance-offers-spot-sanctions-of-home-loans-to-residents-of-jaipur/|access-date=2020-07-02|website=The News Strike|language=en-US}}</ref><ref>{{Cite web|date=|title=List Of Housing Finance Companies Granted|url=https://nhb.org.in/a-list-of-housing-finance-companies-granted/|archive-url=|archive-date=|access-date=|website=/nhb.org.in/}}</ref> The company operates all over the country and it has offices in all major cities across [[India]].<ref>{{Cite web|last=Agrawal|first=Shrija|date=2016-07-06|title=TPG Capital partners three LPs for ICICI Home Finance deal|url=https://www.livemint.com/Companies/RP9pR0wFwzsUY7QbPYHbhN/TPG-Capital-partners-three-LPs-for-ICICI-Home-Finance-deal.html|access-date=2020-07-02|website=Livemint|language=en}}</ref>

ICICI HFC fixed deposits have received the highest ratings of MAAA by [[ICRA Limited|ICRA]], FAAA by [[CRISIL]] and AAA rating from [[CARE]].<ref>{{Cite news|title=Four things to check for in a Fixed Deposit|work=The Economic Times|url=https://economictimes.indiatimes.com/wealth/save/four-things-to-check-for-in-a-fixed-deposit/articleshow/45832436.cms?from=mdr|access-date=2020-07-02}}</ref><ref>{{Cite web|title=Company Fixed Deposit: Interest Rates, Fixed Deposits Rating, Fixed Deposits Schemes, Company Fixed Deposits in India 2019 - Fixed Income|url=https://www.moneycontrol.com/fixed-income/company-deposits/|access-date=2020-07-02|website=www.moneycontrol.com}}</ref>

==Awards==
*2019: ‘Mortgage and Home Loan Product of the Year – India’ from Asian Banking & Finance<ref>{{Cite web|title=Asian Banking & Finance Awards recognises record number of outstanding companies|url=https://asianbankingandfinance.net/retail-banking/news/asian-banking-finance-awards-recognises-record-number-outstanding-companies|access-date=2020-07-02|website=Asian Banking & Finance|date=19 July 2019 }}</ref>

==Product and services==
ICICI HFC provides housing finance to individuals and corporates for purchase or construction of residential houses.<ref>{{Cite web|date=2016-11-09|title=How to choose the best home loan|url=https://www.financialexpress.com/industry/banking-finance/how-to-choose-the-best-home-loan/441634/|access-date=2020-07-02|website=The Financial Express|language=en-US}}</ref><ref>{{Cite web|date=2020-04-18|title=Want to avail EMI moratorium? From SBI to HDFC Bank, here's what your bank, HFC is offering|url=https://www.financialexpress.com/money/want-to-avail-emi-moratorium-from-sbi-to-hdfc-bank-heres-what-your-bank-hfc-is-offering/1932417/|access-date=2020-07-02|website=The Financial Express|language=en-US}}</ref><ref name=":0" /> In 2019, the company has disclosed that it has disbursed over $162.91 million in housing loans in the country. It offers home loans, loan against property, fixed deposit, gold loan, property search - residential & commercial, construction finance and insurance.<ref>{{Cite news|last=Das|first=Saikat|date=2020-04-29|title=Top NBFC bond sales hit a bump|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/bonds/top-nbfc-bond-sales-hit-a-bump/articleshow/75441131.cms|access-date=2020-07-02}}</ref><ref>{{Cite web|date=2016-08-11|title=IVF-Baring set to clinch Rs 2500cr deal to buy ICICI Home Finance|url=https://www.financialexpress.com/industry/banking-finance/ivf-baring-pe-combine-lead-race-for-icici-home-finance/344001/|access-date=2020-07-02|website=The Financial Express|language=en-US}}</ref><ref name=":0" />

==Branch network==
The company started with six branches in 2017 and as of 2019, it has over 140 branches in India.<ref>{{Cite web|title=Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India|url=https://www.devdiscourse.com/article/business/564296-ciao-green-collaborates-with-icici-home-finance-to-design-140-branches-across-india|access-date=2020-07-02|website=Devdiscourse|language=en}}</ref>

==References==
{{Reflist}}

== External links ==
* {{Official website|https://www.icicihfc.com/}}

[[Category:ICICI Bank]]
[[Category:Housing finance companies of India]]
[[Category:Financial services companies based in Mumbai]]

ICICI Home Finance Company - Revision history

Antoniochx: done