Abstract

Housing Development Finance Corporation (HDFC) is India's premier housing finance company and one of the most successful and admired financial institutions in the country. Started in 1977, it has grown in size and stature over the years. It has demonstrated that a business venture that meets an important social need, can also be extremely profitable. HDFC has done well in a business that no other business group in the country has thought of venturing into. In recent times, HDFC has diversified into a number of related areas such as banking and insurance and carved out a strong position in these businesses. The case narrates the origin and growth of HDFC as a successful organisation and the role played by visionary leadership in its success.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Housing finance company, Housing loans, Deepak Parekh, Housing Development Finance Corporation, HDFC, Keki Mistry, Homes for middle class Indians, The Best Bank 1999, GRUH Finance Limited, Loan disbursement, Direct selling agents, Hasmukhbhai Patel, Interest rates, Renu Kamad, Nasser Munjee