>ArglebargleIV m Reverted edits by 2402:3A80:134B:B46:4C36:CA03:1FCE:2C0C (talk): please use the talk page (WP:TPHELP) or be bold and fix the problem (HG) (3.4.10) |
>DaxServer m Add back cat per discussion WP:TCAT using Pywikibot category add |
||
| (One intermediate revision by one other user not shown) | |||
| Line 1: | Line 1: | ||
{{short description|Indian housing finance company}} | {{short description|Indian housing finance company}} | ||
{{Use dmy dates|date=August 2018}}{{Use Indian English|date=August 2018}} | {{Use dmy dates|date=August 2018}} | ||
{{Use Indian English|date=August 2018}} | |||
{{Infobox company | {{Infobox company | ||
| name = Indiabulls Housing Finance Limited | | name = Indiabulls Housing Finance Limited | ||
| Line 7: | Line 8: | ||
| type = [[Public company|Public]] | | type = [[Public company|Public]] | ||
| traded_as = {{ubl|{{BSE|535789}}|{{NSE|IBULHSGFIN}}}} | | traded_as = {{ubl|{{BSE|535789}}|{{NSE|IBULHSGFIN}}}} | ||
| foundation = {{start date and age| | | foundation = {{start date and age|2000}}<ref>{{cite web|title=Indiabulls Housing Finance Company Background :- Finance - Housing, Company Background of Indiabulls Housing Finance - BSE: 535789, NSE: IBULHSGFIN|url=http://www.moneycontrol.com/company-facts/indiabullshousingfinance/background/IHF01#IHF01|website=www.moneycontrol.com|accessdate=30 April 2017}}</ref> | ||
| area_served = India, United Kingdom, United Arab Emirates | | area_served = India, United Kingdom, United Arab Emirates | ||
| location_city = [[Gurugram]] | | location_city = [[Gurugram]] | ||
| Line 23: | Line 24: | ||
| equity_year = | | equity_year = | ||
| ISIN = INE148I01020 | | ISIN = INE148I01020 | ||
| industry = [[Financial | | industry = [[Financial services]] | ||
| services = {{Unbulleted list|[[Home loans]]|[[Financial | | services = {{Unbulleted list|[[Home loans]]|[[Financial services|Financing]]|[[Banking]]}} | ||
| subsid = | | subsid = | ||
| homepage = {{URL|http://www.indiabullshomeloans.com/}} | | homepage = {{URL|http://www.indiabullshomeloans.com/}} | ||
| Line 43: | Line 44: | ||
Indiabulls Housing Finance was recognized as the ''Fastest Growing Housing Finance Company of the Year 2013-14'' by NAREDCO. In 2015, the company was awarded ''Best Housing Finance Company'' by Realty Plus as well as ''Best Affordable Housing Finance Company of the Year'' by [[ASSOCHAM]].<ref name="bsbackground"/> | Indiabulls Housing Finance was recognized as the ''Fastest Growing Housing Finance Company of the Year 2013-14'' by NAREDCO. In 2015, the company was awarded ''Best Housing Finance Company'' by Realty Plus as well as ''Best Affordable Housing Finance Company of the Year'' by [[ASSOCHAM]].<ref name="bsbackground"/> | ||
{{reflist}} | {{reflist}} | ||
| Line 49: | Line 49: | ||
[[Category:Financial services companies of India]] | [[Category:Financial services companies of India]] | ||
[[Category:Companies based in Haryana]] | [[Category:Companies based in Haryana]] | ||
[[Category:2005 establishments in Haryana]] | [[Category:2005 establishments in Haryana]] | ||
[[Category:Financial services companies established in 2005]] | [[Category:Financial services companies established in 2005]] | ||
[[Category:Indian companies established in 2005]] | [[Category:Indian companies established in 2005]] | ||
[[Category:Companies listed on the National Stock Exchange of India]] | |||
[[Category:Companies listed on the Bombay Stock Exchange]] | |||
{{India-company-stub}} | {{India-company-stub}} | ||
Latest revision as of 20:57, 22 August 2021
| File:Indiabulls Housing Finance logo.svg | |
| Traded as | |
|---|---|
| ISIN | INE148I01020 |
| Industry | Financial services |
| Founded | 2000[1] |
| Headquarters | , |
Area served | India, United Kingdom, United Arab Emirates |
Key people | Sameer Gehlaut ( Chairman) |
| Services | |
| Revenue |  ₹170.27 billion (US$2.4 billion) [2] (2019) |
| ₹76.18 billion (US$1.1 billion) (2016) | |
| Total assets | ₹751 billion (US$11 billion) [3] (2016) |
| Website | www |
Indiabulls Housing Finance Limited is a mortgage lender headquartered in Gurugram, Haryana, India. It is India's second largest housing finance company and is regulated by the National Housing Bank.[4] It is part of Sameer Gehlaut's Indiabulls group and contributes approximately 80% of the groups turnover.[5]
On 5 April 2019, the board of Indiabulls Housing Finance approved a merger with the private sector bank Lakshmi Vilas Bank. Indiabulls shareholders will receive a 90.5% stake in the consolidated entity, to be called Indiabulls Lakshmi Vilas Bank, and LVB will receive the remaining 9.5%.[6] The merged entity will create a net worth of ₹19,472 crore and a loan book ₹1,23,393 crore for the nine months of FY2019.[7][8] However the RBI resoundingly rejected the proposal from Indiabulls Housing Finance amid allegations of gross financial mismanagement and irregularities with connection to the promoter ex-billionaire Sameer Gehlaut.[9]
Technology and Digitisation[edit | edit source]
In 2016, Indiabulls Housing Finance announced that it would invest ₹100 crore in innovative technology platforms.[10] The same year it became the first mortgage company to complete an end-to-end digitisation of loan sanctions in India.[11] The company tied up with the Centre for Development of Advanced Computing and the Unique Identification Authority of India to offer e-signing using PAN and Aadhar numbers.[12] The mortgage agreements signed through this route as stored digitally in NSDL depository participant accounts.[10] It also has an application on Facebook, IB Easy which facilitates loan applications through social media.[13]
International Presence[edit | edit source]
Indiabulls Housing Finance bought a 40% stake in London based OakNorth Bank for £66 million in 2015, making it the largest shareholder in the bank which was founded by serial entrepreneur Rishi Khosla and specialises in lending to small businesses.[14] The company also has a branch office in Dubai, United Arab Emirates.[15] It provides loans to Non Resident Indians based in UAE to buy properties in India.[16]
Awards[edit | edit source]
Indiabulls Housing Finance was recognized as the Fastest Growing Housing Finance Company of the Year 2013-14 by NAREDCO. In 2015, the company was awarded Best Housing Finance Company by Realty Plus as well as Best Affordable Housing Finance Company of the Year by ASSOCHAM.[15]
- ↑ "Indiabulls Housing Finance Company Background :- Finance - Housing, Company Background of Indiabulls Housing Finance - BSE: 535789, NSE: IBULHSGFIN". www.moneycontrol.com. Retrieved 30 April 2017.
- ↑ "Indiabulls Housing Finance Profit & Loss account, Indiabulls Housing Finance Financial Statement & Accounts". www.moneycontrol.com. Retrieved 30 April 2017.
- ↑ "Indiabulls Housing Finance Balance Sheet, Indiabulls Housing Finance Financial Statement & Accounts". www.moneycontrol.com. Retrieved 30 April 2017.
- ↑ "Indiabulls Housing Finance trims interest rates for existing borrowers by 15 bps - Mint Market Info". Livemint. 23 January 2017. Retrieved 30 April 2017.
- ↑ Kamath, Raghavendra (10 July 2014). "Indiabulls promoters split empire". Business Standard India. Retrieved 30 April 2017.
- ↑ Saha, Manojit (5 April 2019). "Lakshmi Vilas finds a new home in Indiabulls". The Hindu. Retrieved 6 April 2019.
- ↑ "Lakshmi Vilas Bank to merge with Indiabulls Housing Finance". thehindubusinessline. Retrieved 6 April 2019.
- ↑ "Indiabulls Housing Finance raises Rs 200 crore from 2 public lenders". The Economic Times. 12 June 2020.
- ↑ "RBI rejects Indiabulls".
- ↑ 10.0 10.1 Bhakta, Pratik (30 June 2016). "Indiabulls Housing Finance to invest over Rs 100 crore on technology". The Economic Times. Retrieved 30 April 2017.
- ↑ Shetty, Mayur (26 July 2016). "Indiabulls Housing digitises home loans - Times of India". The Times of India. Retrieved 30 April 2017.
- ↑ "Now, you can avail a home loan online!". Rediff. 5 August 2016. Retrieved 30 April 2017.
- ↑ Sharma, Ashwini Kumar (5 April 2017). "Zeroing in on a home loan online". Livemint/. Retrieved 30 April 2017.
- ↑ Babar, Kailash; Mehta, Sangita (12 November 2015). "Indiabulls Housing Finance buys 40 per cent in UK bank". The Economic Times. Retrieved 30 April 2017.
- ↑ 15.0 15.1 "Indiabulls Housing Finance Ltd". Business Standard India. Retrieved 30 April 2017.
- ↑ Editor, Manoj Nair, Associate (25 February 2015). "Indiabulls marks out its turf in Dubai". GulfNews. Retrieved 30 April 2017.
{{cite news}}:|last1=has generic name (help)CS1 maint: multiple names: authors list (link)
  | This article about an Indian company is a stub. You can help Bharatpedia by expanding it. |