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NBFCINDUSTRY
InvestmentCompany
Lease andHire
PurchaseCompany
InsuranceCompany
StockBroking
Company
MutualFund
company
MicroFinance
Company
HousingFinance
Company
Chit FundCompany
FinancialService
Company
10. Company Information
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11.1Introduction and company profile
1.
Investment Company
1.1 Alliance Bernstein Investment Research and Management (India)
Private Limited
Objective
The investment objective of the Fund is to earn capital gains.
Investment Strategy
The Fund relies on stock selection driven by the firms proprietary fundamental research
We believe long-term, consistent earnings growth drives long-term investment returns
Bottom-up research seeks to identify the most attractive investment candidatesgreat
businesses that appear to offer the best long-term growth potential and are trading at
attractive prices
The differentiating factors in our approach are our quality bias, five-year perspective,
valuation overlay, in-depth research, and team approach
Primary Investments
Invests primarily in U.S. stocks
Invests primarily in large-capitalization companies
Normally holds approximately 20 stocks
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With their mission to use their research for gaining the best knowledge among all the global
investment management companies, this foreign investment company provides a range of
investment services across the different classes of assets.
They offer a comprehensive range of investment services across regions and along the risk-and-
return spectrum: style-pure growth equities and value equities; style blend equities; fixed
income; index and structured services; alternative investments; and both customized and
packaged multi asset-class solutions.
This wide array of services allows them to meet client needs regardless of home country, base
currency or tax position. For large, separately managed accounts, many services can be
customized to include or exclude countries or sectors, and can be further tailored to meet clients'
benchmark sensitivity or asset-liability matching requirements.
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Assets Under Management (USD Billions)
In October 2000, Alliance Capital acquired Sanford C. Bernstein. Alliance Capital's expertise
in growth equity and corporate fixed-income investing, and its family of retail mutual funds,
complemented Bernstein's expertise in value equity and tax-exempt fixed-income
management, and its private-client business. This combination became a recipe for success
with few precedents in the industry.
1.2
Product Center of Alliance Bernstein Investment Company
Equities
Value
Bernstein Value Equities seeks to deliver premium returns by buying stocks priced below
their long-term earnings power, as forecast by our in-house analysts.
Growth
https://www.alliancebernstein.com/abcom/Product_Center/4_Platform/Value/Introduction.htmhttps://www.alliancebernstein.com/abcom/Product_Center/4_Platform/Growth/Introduction.htmhttps://www.alliancebernstein.com/abcom/Product_Center/4_Platform/Growth/Introduction.htmhttps://www.alliancebernstein.com/abcom/Product_Center/4_Platform/Value/Introduction.htm8/10/2019 chap 10 NBFC [CP]
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Alliance Growth services rely on internal bottom-up research to identify companies with
qualities most typically associated with consistently surprising consensus on the upside
such as a competitive advantage, a growing market and great managementat stock
prices that seemingly understate their potential.
Blend Strategies
Alliance Bernstein Blend Strategies seek to deliver investment solutions to client
problems through the effective combination of portfolios.
Fixed Income
Alliance Bernstein Fixed Income provides comprehensive global, regional, multisector andsingle-sector services that aim to deliver the highest returns for a targeted level of risk, as
well as tailored investment solutions to help our clients meet their specific objectives.
Index / Enhanced
Index funds seek performance that is in line with a standard benchmark.
Alternative Investments
Alliance Bernstein Alternative Investments offers single-alpha and multi-alpha strategies that
provide our clients with a wide range of potential investment solutions.
Multi-Asset Solutions & Strategies
Alliance Bernstein Defined Contribution Investments delivers world-class investment
management, flexible plan design, cost-efficient solutions and easy implementation to help
DC plan sponsors achieve better outcomes for their participants.
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1.3 Growth of the Alliance Bernstein InvestmentCompany
Alliance Bernsteins equity funds trailed 67 percent of peers in the three years ended Feb. 28,
data from Denver-based Lipper show, a period that includes most of 2008, when the MSCI AC
World Index fell 42 percent. For the past year, the funds beat 51 percent of rivals.
Alliance Bernstein Global Value had 29 percent of its assets in the group, including Fannie Mae,
American International Group Inc. and Citigroup Inc., on May 31, 2008, regulatory filings show.
The fund lost 52 percent that year, more than 91 percent of peers, according to data compiled by
Bloomberg.
Personnel Turnover
Departing last year were Lisa Shalett, head of growth equities, and brothers James and Michael
Reilly, who managed large-cap growth stocks. Chief Financial Officer John Howard left in
February after less than a year on the job.
Alliance Bernstein LP is majority-owned by French insurer Axa SA. (AXA) The firm earned
$427.1 million in 2010, a decline of 26 percent from the previous year. Revenue climbed 1.4
percent to $2.95 billion.
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1http://www.bloomberg.com/news/2011-04-04/alliancebernstein-s-52-million-ceo-kraus-fails-to-
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https://www.alliancebernstein.com/abcom/Our_Firm/About_Us/Investment_Services.htm
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2. Lease and Hire Purchase Company
2.1 Shriram Commercial Vehicle Finance
India's largest player in commercial vehicle finance, was established in the year 1979.
The company has a network of 620 branches and 515 rural centers. We are one of the
largest asset financing NBFCs in India with a niche presence in financing pre-owned
trucks an Small Truck Owners (STOs).
The inability of the economists to capture data relating to the economic activity of the
informal sector has resulted in its neglect at the policy-making levels in the government.
The distribution of Truck Ownership being scattered among a large number ofindividuals has resulted in this very important group being missed by the institutional
radar. It is estimated that 80% of trucks in the country are in the hands of individuals.
2.2 Main Products of Shriram Commercial Vehicle Finance
Heavy Duty Trucks
Being a life line of the economy, these vehicles are an integral part of the commercial
activity of any country and these vehicles are usually deployed in the long haul distance and
in transportation of materials at the ports as also in the extraction of natural resources like
Iron or Coal etc..
http://www.stfc.in/services-heavy-duty.aspxhttp://www.stfc.in/services-heavy-duty.aspxhttp://www.stfc.in/services-heavy-duty.aspxhttp://www.stfc.in/services-heavy-duty.aspxhttp://www.stfc.in/services-heavy-duty.aspxhttp://www.stfc.in/services-heavy-duty.aspxhttp://www.stfc.in/services-heavy-duty.aspx8/10/2019 chap 10 NBFC [CP]
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Almost 100 percent of these vehicles are purchased only under financing and it is estimated
that nearly 1.5 to 2million HCVs are plying the Indian roads. Shriram Transport offers
financing options for the purchase of both new and used vehicles to this segment which has
some of the bigger fleet owners on one end of the spectrum and the small fleet / single
vehicle owner on the other.
Medium, Intermediate Light Duty Truck (LDT)
These vehicles have a gross vehicle weight ranging from 5 to 16.2 tones and are engaged in
medium haulage business especially connecting rural/ semi urban roads to urban centers. The
population of these vehicles is estimated to be around 5 million. Shriram Transport offers
tailor made financing solutions for the purchase of both used and new LCVs across the
country which has the highest component of stand operators within its segmentation.
Pickup Truck and Mini Truck (P&MT)
These vehicles have a GVW of less than 5 tons and they fulfill the role of transportation in
the spoke in a hub and spoke arrangement. These vehicles have high concentrations in short
hauls and last mile delivery situations. Nearly 3 million of these vehicles occupy the bottom
end of this industry of which about 0.3 to 0.5 million vehicles are three wheeler goods
carrying vehicles, the balance being four wheelers. Shriram Transport gives flexible loan
options to prospective buyers of these vehicles which incidentally has the highest
concentration of the small operator and driver cum owner category of vehicle users.
Passenger Vehicle
India being a country with a population of 1.4 billion coupled with a widespread
geographical area and an extensive road network, the volume of people moving from one
place to another is catered to by a wide range of passenger vehicles starting from simple three
wheelers, taxis, vans to high cost and state of the art Volvo / Mercedes buses travelling
across the length and breadth of the country. There are nearly 10 millions of passenger
vehicles that exist which make this as one of the highest potential vertical for financing and
the most insulated from economic downturns. In the car segment Shriram Transport had
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earlier restricted itself to finance on yellow board (Taxi) vehicles only, keeping in line with
its philosophy of lending against an earning asset but from 2010 personal car loans have also
been included in the product range, thus aligning ourselves to changing lifestyles of the
populace.
Farm Equipment
Being an agrarian economy, a substantial part of India lives in its villages and a major
portion of our population is engaged in agriculture. Shriram Transport has a granular
footprint of more than 300 rural / semi urban branches which are located in these centers to
cater to the requirement of finance from buyers of tractors, harvesters and various other farm
equipments which are deployed both for agricultural and commercial purposes. Hitherto a
domain of co operative and nationalized banks rural branches, this segment is 5millions lakh
strong and is ever growing thanks to mechanized methods of agriculture becoming a
necessity in the wake of rural labour in availability.
Construction Vehicle & Equipment
The recent impetus given by the Indian Government for infrastructure spending has
exponentially increased the potential for construction equipments which in turn prompted
STFC to have a separate subsidiary to fund the capital requirements of large and medium
contractors engaged in building of roads, bridges, dams and other infrastructure projects
called Shriram Equipment Finance Co Ltd., (SEFC) However at STFC we do continue to
fund the retail portion of this vast business with easy solutions for buyers of tippers,
dumpers, backhoe loaders and cranes and as also for the purchase of pre owned construction
equipment.
http://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.sefc.in/http://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.sefc.in/http://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-construction.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-farm-equipment.aspxhttp://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-passenger.aspxhttp://www.stfc.in/services-passenger.aspx8/10/2019 chap 10 NBFC [CP]
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2.3 Growth of the Shriram Commercial Vehicle Finance company
Shriram Equipment Finance Company (SEFC), a subsidiary of STFC, the company was planning
to look at lending to medical and industrial equipment.
The company which has received board's approval to raise Rs 3,000 crore through NCD in four
tranches, managed to raise around Rs 2,000 crore in three days this week.
Though from October, the growth will come back, clear visibility will be there only from
January 2015, he added. The company had three options - bank borrowing, raising money from
retail investors through NCDs and securitization
Shriram Transport Finance Corporation (STFC), one of the countrys largest asset finance
company with Rs 53,000 crore, expects 12-15 per cent growth in the second half of the current
financial year. STFC's subsidiary, which is into infrastructure equipment finance company, is
planning to finance medical and industrial equipment finance.
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2http://www.moneycontrol.com/stocks/marketinfo/totassets/bse/finance-leasing-hire-purchase.html
http://www.stfc.in/home.aspx
http://www.business-standard.com/article/companies/shriram-transport-fin-expects-12-growth-
in-h2-114070900965_1.html
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3. Insurance Company
3.1
Life Insurance Corporation of India Limited
Life Insurance Corporation of India (LIC) is an Indian state-owned insurance group
and investment company headquartered in Mumbai. It is the largest insurance company
in India with an estimated asset value of 1560482 crore (US$250 billion).As of 2013 it
had total life fund of Rs.1433103.14 crore with total value of policies sold of 367.82 lakh
that year.
The company was founded in 1956 when the Parliament of India passed the Life
Insurance of India Act that nationalized the private insurance industry in India. Over 245
insurance companies and provident societies were merged to create the state owned Life
Insurance Corporation.
3.2
Products of Life Insurance Corporation of India Limited
Endowment Plans
Money Back Plans
Children Policies
Policy for Handicapped
Whole Life Policies Unit Linked Policies
Term Assurance
Pension/Retired Plans and Health Plans
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3.3 Growth of Life Insurance Corporation of India Limited
Growth as a monopoly
From its creation, the Life Insurance Corporation of India, which commanded a monopoly of
soliciting and selling life insurance in India, created huge surpluses, and by 2006 was
contributing around 7% of India's GDP.
The Corporation, which started its business with around 300 offices, 5.7 million policies and a
corpus of INR 45.9 crores (US$ 92 million as per the 1959 exchange rate of roughly 5 for
US$1),had grown to 25,000 servicing around 350 million policies and a corpus of over 800000
crore (US$130 billion) by the end of the 20th century.
Today, the LIC has 8 zonal offices, around 109 divisional offices, 2,048 branches and 992
satellite offices and corporate offices; it also has 54 customer zones and 25 metro-area service
hubs located in different cities and towns of India. It also has a network of 1,337,064 individual
agents, 242 Corporate Agents, 79 Referral Agents, 98 Brokers and 42 Banks for soliciting life
insurance business from the public.
In August 2000, the Indian Government embarked on a program to liberalize the Insurance
Sector and opened it up for the private sector. Ironically, LIC emerged as a beneficiary from this
process with robust performance, albeit on a base substantially higher than the private sector.
In 2013 the First Year Premium compound annual growth rate (CAGR) was 24.53% while Total
Life Premium CAGR was 19.28% matching the growth of the life insurance industry and also
outperforming general economic growth.
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3http://en.wikipedia.org/wiki/Life_Insurance_Corporation_of_India#Products_and_services
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4. Stock Broking Company
4.1
Kotak Securities Limited
Kotak Securities Limited offers stock broking services and distributes financial products in
India. The company operates in two segments, Broking, and Trading and Principal
Investments. It offers secondary market broking services and assisted investing services, as
well as online trading services. Kotak Securities Limited also provides portfolio management
services; and depository participant and services. In addition, it is involved in the distribution
of various financial products, such as fixed deposits and bonds, mutual funds, global
exchange traded funds, initial public offerings, private and secondary placement of debt,
equity, insurance products, and currency derivatives. The company was founded in 1994 and
is based in Mumbai, India. Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank.
4.2 Products and Services of Kotak Securities Limited
Bank
Life Insurance
Mutual Fund
Car Finance
Securities
Institutional Equities
Investment Banking
Kotak Mahindra International
Kotak Private Equity
Kotak Realty Fund
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4.2Growth of Kotak Securities Limited
The Group has a net worth of over Rs. 12,900 crores and has a distribution network of
branches, franchisees, representative offices and satellite offices across cities and towns in
India. It has offices in London, New York, California, Dubai, Abu Dhabi, Bahrain, Mauritius,
& Singapore and is servicing around 10 million customer accounts.
Kotak Securities Limited reported unaudited earnings results for the second quarter and six
months ended September 30, 2014. For the quarter, the company's PAT was INR 660 million
compared to INR 400 million a year ago. Total income was INR 2,240 million compared to
INR 1,520 million a year ago. Profit before tax was INR 1,000 million compared to INR 600
million a year ago. For the six months the company's PAT was INR 1,340 million compared
to INR 710 million a year ago.
Kotak Securities announced consolidated earnings results for the fourth quarter and full year
ended March 31, 2014. For the quarter, on consolidated basis, the company reported, profit
after tax of INR 440 million compared to INR 130 million a year ago. Total income was INR
1,600 million compared to INR 1,630 million a year ago. Profit before tax was INR 550
million compared to INR 370 million a year ago. For the year, on consolidated basis, the
company reported profit after tax of INR 1,600 million compared to INR 1,140 million a year
ago. Total income was INR 6,720 million compared to INR 5,990 million a year ago. Profit
before tax was INR 2,340 million compared to INR 1,890 million a year ago.
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4http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=12825509
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4.3
ICICI Bank
ICICI Bank is an Indian multinationalbankingand financial servicescompany
headquartered in Mumbai, Maharashtra. As of 2014 it is the second largest bank in India
in terms of assets and market capitalization. It offers a wide range of banking products
and financial services for corporate and retail customers through a variety of delivery
channels and specialized subsidiaries in the areas of investment, life, non-life
insurance, venture capitaland asset management. The Bank has a network of 3,820
branches and 11,162ATMsin India, and has a presence in 19 countries.
ICICI SECURITIES LIMITED is a public company registered on 09/03/1995. The
company has an authorized capital of Rs 2,50,00,00,000.00 and paid-up capital of Rs
1,61,07,07,000.00.
The status of company in the records of Registrar is active which means that it is actively
doing all its filing with the Registrar. Company has currently 8 director and falls under
the jurisdiction of Registrar of Company-Mumbai.
5.
Mutual Fund Company
5.1 Birla Sun Life Mutual Fund
Birla Sun Life Asset Management Company Ltd. (BSLAMC), the investment manager of
Birla Sun Life Mutual Fund, is a joint venture between the Aditya Birla Group and the
Sun Life Financial Inc. of Canada. The joint venture brings together the Aditya Birla
Group's experience in the Indian market and Sun Life's global experience.
Established in 1994, Birla Sun Life Mutual fund has emerged as one of India's leading
flagships of Mutual Funds business managing assets of a large investor base. Our
solutions offer a range of investment options, including diversified and sector specific
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equity schemes, fund of fund schemes, hybrid and monthly income funds, a wide range
of debt and treasury products and offshore funds.
Birla Sun Life Asset Management Company has one of the largest team of research
analysts in the industry, dedicated to tracking down the best companies to invest in.
BSLAMC strives to provide transparent, ethical and research-based investments and
wealth management services.
5.2 Products and Services of Birla Sun Life Mutual Fund
Portfolio Management Services
Across the world, High Net-worth Individuals (HNI) are turning to specialist Portfolio
Management Services for managing their wealth.
Portfolio Management Service is the Portfolio Management division of Birla Sun Life
Asset Company Ltd that helps you manages your wealth. This is a personalized tailor
made service for High Net Worth individuals like you. We provide professional solutions
customized to meet your financial goals. Making investment easy yet rewarding for High
Net-worth Individuals.
Other Funds
5.3 Growth of Birla Sun Life Mutual Fund
Birla Sun Life Fixed Maturity Plan Series
Birla Sun Life Gold ETF
Birla Sun Life Long Term Advantage Fund - Series 1
Birla Sun Life Nifty ETF
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Description Values ( Cr.)
Total Assets Under Management (AUM) 10,65,954.42
Quarterly Average AUM of Birla Sun Life Mutual Fund
(As of 30 Sep 2014)1,02,690.15
Market Share in % 9.63
5
6. Microfinance Company
6.1
SKS Microfinance Secunderabad, Pvt. Ltd.
Mission
Our purpose is to eradicate poverty. We do that by providing financial services to the poor and by
using our channel to provide goods and services that the poor need.
5http://profit.ndtv.com/mutual-funds/birlasunlifemutualfund-amc-details_birlasl
http://www.moneycontrol.com/mutual-funds/top-rated-funds
http://mutualfund.birlasunlife.com/Pages/Individual/Our-Solutions/PMS.aspx
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Background and Main Challenges
Launched in 1998, SKS Microfinance is one of the fastest-growing microfinance
organizations in the world. SKS currently has US$698 million (Sept09) worth of outstanding
loans to 5.3 million (Sept09) women members in poor regions of India who maintain on -time repayment rates of 99%.
It has provided over US $ 2 billion in micro-loans since inception. Borrowers take loans for a
range of income-generating activities, including livestock, agriculture, trade (such as
vegetable vending), production (from basket weaving to pottery) and services (tailoring to
haircutting).
SKS also offers interest-free loans for emergencies as well as life insurance to its members.
Its non-profit SKS Foundation runs the Ultra Poor Program, which provides grants and social
services to those too destitute to handle loans. SKS is based in Hyderabad and currently has1,627 microfinance branches in 19 states across India (Sept09).
SKS charges an annual effective interest rate ranging from 26.7% to 31.4% for core loan
products i.e. Income generation and midterm loans, which constitute 98.4% of SKS's total
loan portfolio.
Main Funding Sources
Grants
Loans
Shareholder Capital
Products and Services
Loans
Products
Income generating loans
Mid Term Loans Loan Cover Insurance
Looking for (Investment Types)
Loans in Local Currency
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Guarantees
Equity investments
Loans in US$
% Operations Comprised by MF
91100
Gross Loan Portfolio USD, 2012
434.6 million
Number of active borrowers 2012
4.3 million
Average loan balance per borrower USD,
2012
100.9
Deposits USD, 2012
0.0
Assets USD, 2012
414.2 million
Number of depositors 2012
6
7. Housing Finance Company
7.1 Housing Development Finance Corporation Limited
This company is the leader in the sector of housing finance and the company hold as
much as 37% of market share. They have more than 25 lakh customers all over India and
the best service offered by them is the customized housing finance to meet the need of
every customer.
http://www.mixmarket.org/mfi/sks#ixzz3I7YgMmnk
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Housing Development Finance Corporation Limited is financing by way of loans for the
purchase or construction of residential houses, commercial real estate and certain other
purposes in India. The Company has a network of approximately 330 offices (which
includes 83 offices of its wholly owned distribution company HDFC Sales Private
Limited) catering to over 2,400 towns & cities spread across the country. It also has
offices in Dubai, London and Singapore and service associates in the Middle East region,
to provide housing loans and property advisory services to Non-Resident Indians (NRIs)
and Persons of Indian Origin (PIOs). Its product range includes loans for purchase and
construction of a residential unit, purchase of plot, home improvement loans, home
extension loans, non-residential premises loans for professionals and loan against
property, while its flexible repayment options include Step Up Repayment Facility
(SURF) and Flexible Loan Installment Plan (FLIP).
7.2Products and Services of Housing Development Finance Corporation
Limited
1. Mortgages
The company provides housing finance to individuals and corporate for
purchase/construction of residential houses. It is one of the largest providers of housing loans
in India. In its Annual Report for financial year 2012-13, the company has disclosed that it
has disbursed approx. INR 456,000 crores in 35 years of its existence for a total of 4.4
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million housing units. The average loan profile amounts to INR 2.18 million (US$ 35,160)
which lasts for about 13 years and covers approx. 65% of actual property value.
2.
Life Insurance
The company has been providing life insurance since the year 2000, through its subsidiary
HDFC Standard Life Insurance Company Limited. It offers 33 individual products and 8
group products. It uses HDFC group network to cross sell by offering customized products. It
operates out of 451 offices across India serving over 965 locations. It had a market share of
4.6% of life insurance business in India as on 30 September 2013. HDFC Life has over
15,000 employees.
3. General Insurance
The company offers general insurance products such as:
Motor, health, travel, home and personal accident in the retail segment which accounts for
47% of its total business and
Property, marine, aviation and liability insurance in the corporate segment
4. Mutual Funds
HDFC provides mutual fund services through its subsidiary HDFC Asset Management
Company Limited. The average Assets Under Management (AUM) of HDFC Mutual Fund
for the quarter Jul-13 to Sep-13 was INR 1.03 trillion.
7.3 Growth of Housing Development Finance Company
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Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap
company (having a market cap of Rs 176787.3 Cr.) operating in Finance sector.
Housing Development Finance Corporation Ltd. key Products/Revenue Segments include
Interest which contributed Rs 22694.95 Cr to Sales Value (94.00% of Total Sales), Income From
Sale Of Share & Securities which contributed Rs 586.36 Cr to Sales Value (2.42% of Total
Sales), Dividend which contributed Rs 555.59 Cr to Sales Value (2.30% of Total Sales), Fees &
Other Charges which contributed Rs 295.19 Cr to Sales Value (1.22% of Total Sales), Lease
Rentals which contributed Rs 10.92 Cr to Sales Value (0.04% of Total Sales), for the year ending
31-Mar-2014.
For the quarter ended 30-Sep-2014, the company has reported Standalone sales of Rs. 6635.44
Cr., up 2.93% from last quarter Sales of Rs. 6446.80 Cr. and up 11.60% from last year same
quarter Sales of Rs. 5945.94 Cr. Company has reported net profit after tax of Rs. 1357.56 Cr. in
latest quarter.
7
8.
Financial Services Companies
8.1Bajaj Capital Limited
One of the major financial services companies in India, Bajaj Capital offers
best investment advisory and financial planning services. The services are
7http://entrance-exam.net/top-housing-finance-companies-in-india/#ixzz3J9YLLVW4
http://en.wikipedia.org/wiki/Housing_Development_Finance_Corporation
http://economictimes.indiatimes.com/housing-development-finance-corporation-
ltd/stocks/companyid-13640.cms
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meted out to the institutional investors, NRIs, corporate houses, individual
investors, high network clients as well.
8.2
Products and Services Bajaj Capital Limited
Bajaj Capital Limited, a financial services company, provides investment advisory andfinancial planning services to individual investors, corporate houses, institutional
investors, non-resident Indians, and high Networth clients in India. It offers investment,
insurance, tax saving, retirement, financial, cash flow, and childrens future planning
services. The company also distributes various financial and investment products, such as
mutual funds, life and general insurance, bonds, post office schemes, fixed deposits,
initial public offerings, and real estate property investments. In addition, it provides
investment banking services for private and public sector enterprises.
8.3
Growth of Bajaj Capital Limited
Share capital
During FY2014, the Company allotted 364,000 equity shares to the trustees of BFL
Employee Welfare Trust under Employee Stock Option Scheme, 2009. As on 31 March
2014, the paid-up share capital of the Company stood at Rs.501,423,340 consisting of
50,142,334 equity shares of face value of Rs.10 each fully paid-up..
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Foreign currency
Foreign currency expenditure amounting to Rs. 4.41 crore (FY2013 Rs. 2.77 crore) was
incurred during FY2014. The Company did not have any foreign exchange earnings.
Employee stock option scheme
Details required to be provided under Securities and Exchange Board of India (Employee
Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, as
amended, are set out in the annexure to annual report.
Fixed deposits
During FY2014, the Company launched a new fixed deposit programmed at competitive
rates of interest and has received Rs. 210.71 crore as of 31March 2014.
8
8http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10545629
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9. Power Finance Corporation
Power Finance Corporation Ltd.is an Indianfinancial institution. Established in 1986, it is
the financial back bone of Indian Power Sector. Net worth of the company in the year 2007-
2008 was 8688 Crore Indian Rupees. Initially wholly owned by the Govt. of India, the
company issued an IPO in January, 2007. The issue was oversubscribed by over 76 times,
which is the largest for an IPO of any Indian Company in recent times. PFC is listed on
the Bombay Stock Exchange(BSE) and theNational Stock Exchange(NSE). The company
has been conferred with many prestigious awards, the latest of which is "KPMG-
Infrastructure Today Award 2008" for its contribution in development of power sector. It is
enjoying the status of Navratna Company in India.
9.1 Subsidiaries Companies
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PFC presently has nine subsidiary companies. PFC Consulting Ltd. (PFCCL) is a wholly
owned subsidiary handling fee based services. The six other companies, namely Coastal
Karnataka Power Limited, Coastal Tamil Nadu Power Limited, Coastal Maharashtra
Power Limited, Orissa Integrated Power Limited, Jharkhand Integrated Power Limited
and Akaltara Power Limited, are SPVs (Shell Companies) created for implementing the
Ultra Mega Power Projects.
9.2 Growth of the Power Finance Corporation Ltd.
The total income achieved by your Company during the FY 2013-14 was Rs.21,537.46
crore registering growth of 24.69% over the total income of Rs.17,272.55 crore earned
during FY 2012-13. Operating income for the year increased from Rs.17,266.14 crore to
Rs. 21,522.42 crore registering a growth of 24.65%. Interest income including lease
income for the FY 2013-14 was at Rs. 20,978.71 crore against Rs.16,922.91 crore in FY
2012-13.
10.Chit Funds Company
10.1
Margadarsi Chit Fund Private Limited
Margadarsi enjoyed exponential growth over the years and today employs 4,300
employees, and has 8,000 agents, 105 Branches, over 3,88,000 subscribers and a turnover
of over Rs. 7600 crores. Margadarsi is not only No.1 Chit Fund Company, but also a
household name in Andhra Pradesh.
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Margadarsi has established strong experience during these 38 years since its inception
that enables the service to be rendered meticulously and it has become a household name
in the state of Andhra Pradesh. They have a subscriber base of 2,86,000 members who
repose their trust in this gigantic company. They have all been satisfied customers who
are mostly repeating members and many of them have continuously maintaining accounts
with the company since the past 30 to 35 years. This speaks of their satisfaction in the
service rendered by the company. Margadarsi has done 1720 crores of qualitative
business turnover which comprises members from different walks of life like Doctors,
Chartered Accounts, Advocates, Government employees and business people.
Margadarsi is highly conscious about the quality of membership by screening every
enrollment form that is received and only if the financial capacity seems to be
satisfactory, we approve the enrollment.
9
9https://www.margadarsi.com/FAQ.pdf
https://www.margadarsi.com/FAQ.pdfhttps://www.margadarsi.com/FAQ.pdfhttps://www.margadarsi.com/FAQ.pdf