LIC Housing Finance

Corporate Details :

This site provides comprehensive information on LIC Housing Finance, one of the premier and largest Housing Finance companies in India. LIC Housing Finance was incorporated on 19th June 1989.

LIC Housing Finance was promoted by LIC of India and went public in the year 1994. The Authorized Capital of the Company is ` 1000 Million (` 100 Crores) and the Company is recognized by National Housing Bank and listed in the NSE & BSE and its shares are traded only in Demat format. There are over 8,00,000 prudent house owners who have enjoyed the Company's financial assistance.

LIC Housing Finance has many awards and accolades to its name for its excellent performance and one noteworthy being - AAA' credit rating from CRISIL, indicating the highest level of safety, 2005-06, for the fifth year in a row.

Activities:

The main activity of LIC Housing Finance Company is providing long term finance to -

• Individuals for purchase / construction / repair and renovation of new / existing flats / houses.
• Existing property for business / personal needs and gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centers / Office Space.
• Corporate Bodies and Companies under different schemes for purchase / construction of office premises for their own use, construction of staff quarters and also for onward lending to meet the requirements of employees, and also to Builders and Developers for residential and commercial projects.
• 6 regional offices and 115 area offices backed by chain of camp offices nationwide.
• 16 Back Offices spread across the country conduct the credit appraisal and administrative functions.
• One international office in Dubai.

LIC Housing Finance has one of the most extensive marketing network in India. It has -

Performance:

LIC Housing Finance has registered a turnover (disbursements) of Rs 9697 crore for the year ended 31st March 2006-07. LIC Housing Finance has posted Net Profit to the tune of ` 278.55 crore for the year ended 31st March 2006-07.

Organization:

LIC Housing Finance is headed by Mr. T. S. Vijayan, Chairman. LIC Housing Finance employs around 875 personnel into its operational services and has over 5500 Direct Sales Agents and Home Loan Agents. LIC Housing Finance Registered & Corporate offices is located at:

2nd Floor, Bombay Life Building,
45/47, Veer Nariman Road, Fort,
Mumbai - 400 001
India.

Tel : (91) (22) 2204 9799, 2204 9919, 2204 9682, 2204 0006, 2282 5968, 2283 3549, 2283 1361, 2283 8569
Fax : (91) (22) 2204 9839
Email : [email protected]
www.lichousing.com
www.lichousingfinance.communicate2.com

Last Updated on 5/26/2011