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Repco Home Finance Ltd. Company History and Annual Growth Details

Hstory of the Company


The Company was incorporated under the Companies Act as a public limited company on April 4, 2000 with the name Repco Home Finance Limited. We received our certificate of commencement of business on May 2, 2000.


Major events and milestones.


2000
Incorporated as Repco Home Finance Limited :


2002
Received certificate of registration from NHB


2003
Loan book crossed Rs1,000 million


2007
Opening of our 25th branch


2007
Investment by Carlyle


2007
Loan book crossed Rs 5,000 million


2009
Loan book crossed Rs 10 billion


2009
First branch outside the southern states opened in Pune, Maharashtra


2010
Rated "LA+ (stable)" by ICRA Limited.


2010
Opening of our 50th branch


2011
Rated "[ICRA]A+ (stable)" by ICRA Limited.


2012
Opening of our 70th branch


2012
Loan book crossed Rs30 billion


2013

- Repco Home Finance Ltd has proposed a dividend of 11% on the entire paid up capital of the Company.

- Mr. B. Anand and Mr. Iqbal Singh Chahal have been appointed as Additional Directors of the Company.

- The Credit ratings of the Company have been upgraded to ICRA AA- from ICRA A+.

- K. K. Pathak as an Additional Director of the Company.

2014
- The Company has recommended dividend of Rs. 1.20 per share of Rs. 10 each (i.e. 12%).

- The Reserve Bank of India has given its approval to housing finance company, Repco Home Finance to raise its foreign shareholding to 49 per cent.
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