GIC Housing Finance Ltd is a subsidiary of General Insurance Corporation of India. The company is engaged in the housing finance activity. They operate in the retail loan segment. They provide loans to individuals and to persons/ entities engaged in construction of houses/ flats for residential purposes. As on 31 March 2019, the company had 75 offices spread across the country. They have got a strong marketing team, which is further assisted by Sales Associates (SAs). They have tieups with builders to provide finance to individual borrowers. The company also has tieups with corporates for various housing finance needs.GIC Housing Finance Ltd was incorporated on December 12, 1989 with the name GIC Grih Vitta Ltd. The company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India.The company was promoted by General Insurance Corporation of India and their erstwhile subsidiaries namely, National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd together with erstwhile UTI, ICICI, IFCI, HDFC and SBI, all of them contributing to the initial share capital. HDFC, SBI, ICICI and SUUTI sold off their holding in the company and ceased to be the promoters of the company.During the year 198991, the company started their operations in 8 locations. During the year 199192, they launched Employee and Builder Scheme Housing Scheme. During the year 199293, the name of the company was changed from GIC Grih Vitta Ltd to GIC Housing Finance Ltd with effect from November 16, 1993.During the year 199495, the company started new services centres in Navi Mumbai, Vizag and Coimbatore. During the year 199697, they started the process of branch interlinking and computerization. During the year 200001, the company opened a service centre at Madurai in Tamilnadu. During the year 200102, they opened three service centres at Trichy (Tamil Nadu), Thane (Mumbai) and Noida (Delhi).During the year 200910, the company opened their branches in tier two cities namely Baroda, Nagpur and Nasik. With this, the total number of branches as on 31st March 2010 stood at 27. They sanctioned Rs 77757 lakh under Apna Ghar Yojana during the year. The company had taken Special Contingency Insurance with The New India Assurance Company Ltd, which covers Accidental Insurance and Mortgaged property Insurance of the borrowers of the company. Also, the company made a tie up with Kotak Mahindra Old Mutual Life Insurance Ltd for getting insurance cover on the life of the borrower to the extent of the outstanding home Loan.In December 2010, the company sold their investments in LIC Mutual Fund Asset Management Company Ltd and LIC Mutual Fund Trustee Company Pvt Ltd.During the year ended 31 March 2014, GIC Housing Finance opened its branches at Patna (Bihar), Ahmedabad (Gujarat), Yelahanka (Bangalore, Karnataka), Chandanagar (Hyderabad, Andhra Pradesh), Kalyan Borivali (Maharashtra) and Dehradun (Uttarakhand).During the year ended 31 March 2015, GIC Housing Finance opened its branches at Meerut (Uttar Pradesh), Boisar (Maharashtra), Ghaziabad (Uttar Pradesh), Margao (Goa), Dwarka (Delhi), Electronic City (Bengaluru), Garia (Kolkata) and Hadapsar (Maharashtra).During the year ended 31 March 2016, GIC Housing Finance opened its branches at Greater Noida (Uttar Pradesh), Raipur (Chhattisgarh), Vijayawada (Andhra Pradesh), Vasai (Maharashtra) and Patiala (Punjab).During the year ended 31 March 2017, GIC Housing Finance opened its branches at Pitampura (Delhi), Hinjewadi (Maharashtra), Barasat (West Bengal), Mangalore (Karnataka) and Guwahati (Assam). During the year ended 31 March 2018, GIC Housing Finance opened its branches at Kozhikode (Kerala), Nellore (Andhra Pradesh), Whitefield (Karnataka), Hubli (Karnataka) and Siliguri (West Bengal).During the year 2019, the Company has opened its Branches at Thrissur (Kerala), Surat (Gujarat), Suchitra (Hyderabad), Kengari (Karnataka) and Varanasi (Uttar Pradesh).
What is the current share price of GIC Housing Finance Ltd today on both NSE and BSE?
GIC Housing Finance Ltd shares are currently priced at 221.2 on NSE and 221.2 on BSE as of 5/23/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.
How has GIC Housing Finance Ltd [GICHSGFIN] shares performed in the past ?
The past 1-year return of GIC Housing Finance Ltd [GICHSGFIN] share was 32.33. The GIC Housing Finance Ltd [GICHSGFIN] share hit a 1-year low of Rs. 164.6 and a 1-year high of Rs. 292.4.
What is the market cap of GIC Housing Finance Ltd [GICHSGFIN] ?
The market cap of GIC Housing Finance Ltd is Rs. 1191.16 Cr. as of 5/23/2024 12:00:00 AM.
What is the current P/E ratio of GIC Housing Finance Ltd [GICHSGFIN] share price ?
The PE ratios of GIC Housing Finance Ltd is 7.88 as of 5/23/2024 12:00:00 AM.
What is the current PB ratio of GIC Housing Finance Ltd [GICHSGFIN] share price ?
The PB ratios of GIC Housing Finance Ltd is 0.65 as of 5/23/2024 12:00:00 AM
How can I buy GIC Housing Finance Ltd shares?
You can easily buy GIC Housing Finance Ltd shares in Kotak Securities by opening a demat account and getting the KYC documents verified online.