HDB Financial Services Ltd. Company History and Annual Growth Details

Our Company was incorporated as ‘HDB Financial Services Limited’ under the Companies Act, 1956 pursuant to a certificate of incorporation dated June 4, 2007 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad (“RoC”) and commenced operations pursuant to a certificate for commencement of business dated July 31, 2007 issued by the RoC. The RBI granted a certificate of registration dated December 31, 2007, to our Company to carry on the business of a non-banking financial institution without accepting public deposits.

Major Events and Milestones:

2008

- Our Company opened our first branch in Chennai, Tamil Nadu

2010

- Our Company introduced commercial vehicle loans

- Our Company introduced loans against gold

2011

- Our Company was accredited with CARE AAA credit rating for its non-convertible debentures issue

- Our Company achieved a branch count of 100 across India

- Our Company introduced auto loans

- Our Company introduced commercial equipment loans

2012

- Our Company achieved AUM of ?100,000 million

2015

- Our Company achieved a branch count of 500 across India

2016

- Our Company achieved a branch count of 1,000 across India

2016

- Our Company introduced consumer durables loans in Tamil Nadu

2017

- Our Company introduced tractor finance loans in the states of Punjab, Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, Gujarat and Maharashtra

- Our Company introduced digital product loans

2018

- Our Company introduced two wheeler loans

2019

- Our Company achieved AUM of ?500,000 million

2020

- Our Company introduced micro finance loans

- Our Company introduced lifestyle finance loans

2021

- Our Company achieved AUM of ?600,000 million

2023

- Our Company achieved a branch count of 1,500 across India

2024

- Our Company achieved AUM of ?1,000,000 million.