GIC Housing Finance Limited

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BSE Code: 511676 NSE Code: GICHSGFIN

Business Profile
Business Profile
GIC Housing Finance (GICHF) was incorporated as `GIC Grih Vitta` in Dec. 1989, changing to its present name in November 1993. The primary business of GICHF is granting housing loans to individuals and to persons/entities for the construction of houses/flats for residential purposes.

GICHF was promoted by General Insurance Corporation of India and its erstwhile subsidiaries, National Insurance Company, The New India Assurance Company, The Oriental Insurance Company and United India Insurance Company together with UTI, ICICI, IFCI, HDFC and SBI, with all of them contributing to the initial share capital.

GIC Housing Finance has a presence in 24 locations across the country for business. The registered office of the company is situated at Mumbai.

Financials
G I C Housing Finance registered a 18.50% growth in net profits to Rs 160.10 million for the quarter ended in June 2008 from a profit of Rs 135.10 million for the quarter ended in June 2007.

Net Sales rose 19.58% to Rs 730.40 million for the quarter ended June 2008 from Rs 610.80 million for the quarter ended June 2007.

Total income rose 17.61% to Rs 731.9 million for the quarter ended June 2008 from Rs 622.3 million for the quarter ended June 2007.

The earnings per share (EPS) of the company stood at Rs 2.97 in the quarter ended June 2008.

Recent Developments
11-JUL-08
GIC Housing Finance has launched Home Guard. Borrowers availing housing loan from GICHF will insure for Home Guard, which provides for full life insurance cover to the extent of entire outstanding loan availed from GICHF in the event of natural death of the borrower.

09-MAY-08
The board of directors recommended a dividend of 30% for the year 2006-07.

Future Plans
GIC Housing Finance is planning to enter the reverse mortgage segment, targeted mainly at senior citizens. It is also planning the launch of innovative mortgage linked insurance products. The company decides to disburse Rs 10 billion of fresh housing loans in the fiscal 2007-08. It will also open eight new branches in various parts of the country in order to expand its housing loan portfolio and meet increasing demands.

GIC Housing Finance is also deciding to introduce new schemes with flexibility in terms of repayment and interest rates. The schemes will be made available for women and people on the verge of retirement.The mode of repayment could be chosen according to individual`s financial capability

GIC Housing Finance decided to participate in a big way in the ambitious state mass housing project at Hyderabad namely `Rajiv Swagruha Scheme.` The state government plans to provide low-cost housing to lakhs of poor and low-income group people under the Rajiv Swagruha Scheme. The company is targeting the low and middle income groups with loan amounts between Rs 0.5-1 million.

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Annual Reports for GIC Housing Finance Limited

Annual Report Year	Download Annual Report	Download Report Preview
2024-25 Free	(8 MB)	(~ 100 KB)
2023-24 Free	(7 MB)	(~ 100 KB)
2022-23 Free	(6 MB)	(~ 100 KB)
2021-22 Free	(6 MB)	(~ 100 KB)
2020-21 Free	(3 MB)	(~ 100 KB)
2019-20 Free	(2 MB)	(~ 100 KB)
2018-19 Free	(2 MB)	(~ 100 KB)
2017-18 Free	(1 MB)	(~ 100 KB)
2016-17 Free	(4 MB)	(~ 100 KB)
2015-16 Free	(2 MB)	(~ 100 KB)
2014-15 Free	(1 MB)	(~ 100 KB)
2013-14 Free	(2 MB)	(~ 100 KB)
2012-13 Free	(1 MB)	(~ 100 KB)
2011-12 Free	(1 MB)	(~ 100 KB)
2010-11 Free	(4 MB)	(~ 100 KB)
2009-10 Free	(11 MB)	(~ 100 KB)
2008-09 Free	(4 MB)	(~ 100 KB)
2007-08 Free	(7 MB)	(~ 100 KB)
2006-07 Free	(4 MB)	(~ 100 KB)
2005-06 Free	(7 MB)	(~ 100 KB)
2004-05 Free	(11 MB)	(~ 100 KB)
2003-04 Free	(8 MB)	(~ 100 KB)
2002-03 Free	(2 MB)	(~ 100 KB)
2001-02 Free	(1 MB)	(~ 100 KB)
2000-01 Free	(1 MB)	(~ 100 KB)
1999-00 Free	(1002 KB)	(~ 100 KB)
1998-99 Free	(1 MB)	(~ 100 KB)
1997-98 Free	(2 MB)	(~ 100 KB)
1996-97 Free	(1 MB)	(~ 100 KB)

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