About HDB Financial Services Limited

HDB Financial Services Limited (HDBFS) is a subsidiary of HDFC Bank, India’s largest private sector bank. Incorporated in 2007, the company is registered with the Reserve Bank of India (RBI) as a Non-Banking Finance Company (NBFC) and has been classified as an ‘Upper Layer’ NBFC. Over the years, HDBFS has built a reputation as a strong and reliable financial institution, supported by top credit ratings of CARE AAA and CRISIL AAA for its long-term borrowings and A+ for its short-term debt and commercial papers.

The company serves “Aspirational India” with a focus on lending to underbanked and underserved customers. Its loan book is highly granular, with the top 20 largest borrowers accounting for only 0.32% of total loans, ensuring risk diversification. HDBFS operates through 1,771 branches across 1,166 cities and towns in India, providing financial solutions tailored to the needs of low and middle-income households. Its product portfolio spans across enterprise lending, asset finance, and consumer finance.

The journey of HDBFS has been marked by steady expansion and product diversification. Starting with commercial vehicle loans and auto loans, it gradually added gold loans, consumer durable loans, tractors, microfinance, and lifestyle loans. By 2018, the company had crossed 1,000 branches, and in 2020 its assets under management (AUM) crossed Rs 1,00,000 crore. In 2024, its AUM surpassed Rs 5,00,000 crore, and by 2025, the milestone of Rs 1 trillion was achieved. The year 2025 also marked its listing on the National Stock Exchange (NSE: HDBFS) and Bombay Stock Exchange (BSE: 544429).

HDB Financial Services Limited Business Segments

HDBFS operates through three primary business segments:

• Enterprise Lending: Contributes 39% of total gross loans. Products include loan against property, enterprise business loans, gold loans, and personal loans for salaried individuals.

• Asset Finance: Accounts for 38% of the portfolio. Key products are commercial vehicle loans, construction equipment finance, and tractor loans.

• Consumer Finance: Contributes 23% of the book, including auto loans, two-wheeler loans, consumer durable loans, personal loans, and micro-lending.

As of June 30, 2025, the total gross loan book stood at Rs 1,09,342 crore. The company serves a customer base of 20.1 million, with more than 70% of its branches located in Tier-4 towns and beyond, reinforcing its focus on deepening financial inclusion.

HDB Financial Services Limited Key Management

• Ramesh Ganesan: Managing Director & Chief Executive Officer
• Dipti Jayesh Khandelwal – Company Secretary and Compliance Officer

Latest Updates on HDB Financial Services Limited

• In FY2025–26, HDBFS continued to strengthen its financial and operational scale. Disbursements for Q1FY26 stood at Rs 15,171 crore, while gross loans reached Rs 1,09,342 crore, marking a 14.3% year-on-year growth. The company successfully raised Rs 2,500 crore through a primary IPO in June 2025, which bolstered its capital position with a CRAR of 20.18%.
• Its customer franchise expanded to 20.1 million, reflecting a year-on-year growth of 20.4%. The company also reported a profit after tax of Rs 568 crore in Q1FY26, with a return on assets of 1.9% and return on equity of 13.2%.
• Operationally, HDBFS has continued to invest in technology through its “HDB OnTheGo” app, enabling faster loan applications, e-verification, and enhanced servicing. Its robust risk management and asset-liability framework remain central to its conservative lending philosophy.