Dewan Housing Finance Corporation Limited or DHFL

Mr. Rajesh Kumar Wadhawan founded the Dewan Housing Finance Corporation on the 11th of April 1984 with its registered office located at Mumbai. It provides access to all the housing finance, whether it is lower or the middle-income Indians. It is also the second housing finance company set-up in India. Initially, the company disbursed funds from its equity contribution and then had a return on equity, which was less than 8% at a time when the interest rates were approximately 18%. And two decades later, DHFL is still said to be a profitable company and doing what its founder intended it to perform. It has also disbursed loans amounting to over 53 billion to a far extent, and its non-performing assets are also considered as the lowest in the Industry. Currently, DHFL has an asset base of about INR 3,580 crores, which is a strong presence across India via its 72 branches and 116 service locations. It also caters to a large section of Indians who are working in the Middle East via an overseas Dubai branch. In June 2010, DHFL along with its subsidiary DHFL Vysya Housing Finance have promoted a housing finance Company by the name and style of 'Aadhar Housing Finance" or AHFL. The AHFL, in its initial period, also proposed to target the market in the direct housing loans for them in the low-income section of the Indian population in many individual states. In December 2010, DHFL also acquired Deutsche Postbank Home Finance for INR 1079 Crore.

Some of the Products:

• Home Loans
• Home Extension Loan
• Home Improvement Loan
• Home Loans for NRI's
• Plot Loans
• Mortgage Loan
• Non Residential Property
• Home Loan Linked – Insurance Plan
• Reverse Mortgage
• Fixed Deposit

The Subsidiary:

The DHFL Vysya Housing Finance or DVHFL –

It is a housing finance company that is registered with NHB and has its current operations in various states such as Karnataka, and Andhra Pradesh, and Tamil Nadu and Maharashtra. The DHFL Property Services is also a 100% subsidiary of the housing finance company.

The Milestone:

1. 2008: Silver CIO Award '08 by – CIOL Dataquest Enterprise Connect Awards
2. 2010:

• DHFL's HR team win Global Greentech Award for Technology Excellence in HR
• India's Top 100 of the Best Companies to work for – The Great Place To Work Institute, India in Association with Economic Times

3. 2010–2011:

• DHFL Wins "Realty Plus Newsmaker of the Year–2011
• 2nd Asia's Best Employer Brand Award for Excellence in HR through Technology
• DHFL is now Power Brand amongst the top 200 brands in India by M/S Planman Marcom

4. 2011–2012:

• DHFL wins Greentech HR Excellence Award – 2012 for Best Strategy (Gold Award)
• DHFL among India's 50 Biggest Financial Companies in India

5. 2012–2013:

• The Greatest Corporate Leaders of India – The Leadership Awards in Financial Service.
• DHFL is among the most trusted Financial Brands in India – Brand Trust Report.
• DHFL's Marketing Head Wins – Super Achievers Award, at 11th Indira Super Achievers Awards for Professional Excellence.
• DHFL's Group Head, Human Resources wins HR Warrior Awards – Making a Difference 2012
• DHFL wins Marketer of Year – Realty Plus Excellence Awards of the Year – 2012

6. 2013–2014:

• DHFL honored with the Excellence in Innovative Marketing Award at MCHI – MMR & BKC Expo
• DHFL's CEO was presented with the Udyog Rattan Award
• DHFL conferred the BEST EMPLOYER BRAND AWARD at IPE BFSI Awards.