About the Company

LIC Housing Finance Limited (LIC HFL) was incorporated in June 1989 with the objective of providing long-term finance to individuals for the purchase or construction of residential property, as well as finance to developers; over time it has grown into one of India’s largest housing finance companies with an extensive distribution network and proven industry expertise . The company conducts business through branches and marketing offices across India and serves Non-Resident Indians via a representative office in Dubai, supported by a wide network of agents for sourcing loans and deposits . As of the latest year, LIC HFL operates 307 Marketing Offices across the country and also distributes products through the branches of its subsidiary LIC HFL Financial Services Limited . The company has four subsidiaries and two associate companies within its group structure .

Products and services include:

– Long-term finance to individuals for purchase or construction of a house or flat for residential purpose.

– Finance on existing property for business or personal needs.

– Loans to professionals for purchase or construction of clinics, nursing homes, diagnostic centres or office space.

– Finance to builders and developers engaged in construction of houses or flats for residential purpose .

Key milestones over the years include: achieving AAA credit rating; setting up a representative office in Dubai as its first overseas presence; completing a US$ 29 Million GDR issue; launching a US$ 135 Million QIP that was oversubscribed; and crossing major loan-portfolio thresholds of Rs 1 lakh crore, Rs 2 lakh crore and, subsequently, Rs 3 lakh crore . The company has also expanded its country-wide footprint through a cluster-driven hub-and-spoke model to speed up loan disbursements .

Key Management

– Siddhartha Mohanty – Chairman

– T. Adhikari – Managing Director & Chief Executive Officer

– Lokesh Mundhra – Chief Financial Officer

– Varsha Hardasani – Company Secretary & Compliance Officer

Latest Updates

– Asset quality improved: Gross NPA stood at 2.47 Per cent as of March 31, 2025 (down from 3.31 Per cent a year earlier) and Net NPA was 1.22 Per cent (down from 1.63 Per cent), alongside calibrated write-offs during FY 2024-25 .

– Technology and customer service: the company reinforced its digital journey, including enabling legally accepted digital signatures and enhancing customer resolution via its “HOMY” platform; it also continued to invest in next‑generation IT infrastructure .

– Compliance upgrade: an automated compliance management tool was implemented on April 29, 2025 to strengthen tracking, reporting and escalation of regulatory obligations .

– Strong market access: during FY 2024-25, LIC HFL issued Non-Convertible Debentures of Rs 44,655.40 crore on a private placement basis; these NCDs carry the highest ratings of ‘CRISIL AAA/Stable’ and ‘CARE AAA/Stable’ .

– Board changes: appointments of Shri Masil Jeya Mohan and Shri T C Suseel Kumar as Additional Independent Directors were approved by the Board on June 2, 2025; Shri Ratnakar Patnaik was appointed as Additional Non‑Executive Director (LIC Nominee) on June 13, 2025; and Independent Directors Shri K. P. Khandelwal and Shri S. K. Khemani were reappointed for a second term effective July 1, 2024, subject to shareholder approvals where applicable .

– Recognitions: honours during the year included Best Housing Finance Company (Excellence Awards 2024-25), India’s Leading Housing Finance Company (BFSI & Fintech Summit 2025), and Private Issuer of the Year and CP‑Issuer of the Year Runner‑up by ASSOCHAM in 2024 .