LIC Housing Finance Ltd.

LIC Housing Finance Ltd.

LIC Housing Finance Ltd.

Overview
Date Founded

1989

Headquarters

Bombay Life Building,45/47 Veer Nariman Road,2nd Floor, Fort,Mumbai, Maharashtra 400001

Type of Company

Public

Employees (Worldwide)

2,250

Industries

Real Estate
Consumer Finance

Company Description

LIC Housing Finance Ltd. is engaged in the business of providing loans for purchase, construction, repairs and renovation of houses to individuals, corporate bodies, builders and co-operative housing societies. It also provides finance on existing property for business and personal needs and gives loans to professionals for purchase and construction of clinics, nursing homes, diagnostic centers, office space and also for purchase of equipment. The company was founded on June 19, 1989 and is headquartered in Mumbai, India.

Executives & Employees

Chief Financial Officer

Secretary & Chief Compliance Officer

General Manager, CA & Pf

General Manager-Human Resources & Legal

General Manager, Risk Management & Corporate Planning

General Manager-Information Technology & Accounts

General Manager, Marketing-Retail & Corporate, Online Marketing, Portfolio Management & Market Research

Chief Manager (Marketing-Retail & Project, PR & Publicity & Credit Monitoring-Non Core)

Chief Manager (Subsidiary Monitoring, Risk Management & Audit)

Chief Manager (Credit Appraisal)

Board of Directors

Former Chief Executive Officer, Executive Director & MD at LIC Housing Finance Ltd.

Education Director at Insurance Institute of India

Independent Non-Executive Chairman, Board of Directors at Manappuram Finance Ltd.

Chief Executive Officer, Executive Director & MD at LIC Housing Finance Ltd.

Co-Founder at Zeomega, Inc.

Internal Audit-Mauritius at Port Louis Fund Ltd.

Former Executive Director at Life Insurance Corp. of India

Partner at Khaitan & Co.

Former Chief Investment Officer at Life Insurance Corp. of India

Partner at Manohar Chowdhry & Associates

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Owners & Shareholders
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BankMuscat SAOG (Investment Management) is an active manager which offers discretionary portfolio management and fund management services in various asset classes. Their geographic focus is on the Omani and GCC markets (Oman, UAE, Kuwait, Saudi Arabia, Bahrain, Qatar).Through their funds, the firm invests in listed equities and equity-related investments in companies listed on the GCC and equities and convertible securities of listed Indian companies. They also offer alternative investments including capital guaranteed products, hedge funds, private equity funds, and structured notes investing in emerging market debt and providing capital protection. Their Oman Fixed Income Fund follows a sector agnostic approach to invest in subordinated financing and debt issuance of Omani companies with stable and predictable cash flows.For private equity investments, funds provide access to private equity and venture funds. Their Oman Integrated Tourism Projects Fund LP is a real estate-focused private equity fund which is committed to invest in green-field and under-construction projects by partnering with real estate developers/promoters through structured investments including capital protection and preferred returns. The exit strategy for each investment is based on well-defined principles agreed with development partners.

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HSBC-GAM HK is an active manager which specializes in balanced institutional portfolios. Their investment approach combines top-down asset allocation with bottom-up sector and security selection, and is primarily based on the range of funds managed within the parent group.Research is shared within HSBC. The group's Global Investment Strategy Group defines a macro investment strategy covering global economic projections, fixed-income expected returns, Forex projections, regional equity market performance expectations and global views on key sectors. Local specialist teams perform fundamental research including company visits.HSBC-GAM HK manages country specialist equity funds, focused on Asian countries including China and India, seeking to invest in Asian companies with growth potential, a competitive edge on export markets, quality management, a favorable regulatory environment and access to low-cost labor and raw materials. Key selection criteria include profit margins, return on investment and capital resources.The firm's multimanager strategy results from a global manager selection process across asset classes and market-cap, combining quantitative analysis with qualitative research which leverages the parent group's on-the-ground presence and local expertise. They favor managers with high convictions, deep market insights and proven track records. The firm also actively manages cash assets. Their liquidity funds cover a variety of currencies and markets globally.

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Somerset Capital is an active, specialist manager which aims to identify well managed, cash-flow generating companies at the right price. They do not invest according to index weights, believing this to increase risk. Their portfolios tend to have a quality and relative value bias.The firm is a Global Emerging Markets specialist which manages long-term, bottom-up, conviction-driven, concentrated portfolios. Their investment approach does not change with markets and they focus on reducing absolute risk through rigorous research and analysis. They also aim to give clients exposure to smaller companies and newer markets.They narrow down the initial universe through market-cap and liquidity filters before applying more advanced screens to approximately 300-350 stocks which will be visited and analyzed by their team of managers and analysts. This pool then feeds into their 100 stock watch list from which they construct their 40-stock portfolios. The final investment decisions are made by the firm's lead managers.

Recent Transactions
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LIC Housing Finance Ltd. purchases LIC Nomura Mutual Fund Trustee Co. Pvt Ltd.

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LIC Housing Finance Ltd. purchases LIC Mutual Fund Asset Management Ltd. from Nomura Asset Management Singapore Limited

Key Stats and Financials As of 2018
Market Capitalization
$253B
Total Enterprise Value
$1.69T
Earnings Per Share
$39.91
Revenue
$152B
Net Profit
$20.1B
EBITDA
$145B
EBITDAMargin
95.5%
Total Debt
$1.45T
Total Equity
$128B
Enterprise Value Sales
11.15x
Enterprise Value EBITDAOperating
11.68x
TEVNet Income
84.06x
Debt TEV
0.86x
Three Year Compounded Annual Growth Rate Of Revenue
11.92%
Five Year Compounded Annual Growth Rate Of Revenue
14.29%
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