HUDCO is a wholly-owned Government company with more than 46 years experience in providing loans for housing and urban infrastructure projects in India. They have been conferred the status of Miniratna (Category-I Public Sector Enterprise) by the GoI. As at September 30, 2016, their total sanctioned loans since their inception was Rs. 1,570,870.0 million, Rs. 612,305.4 million of which, or 38.97%, were Housing Finance (as defined below) loans and Rs. 958,573.2 million of which, or 61.02%, were Urban Infrastructure Finance (as defined below) loans. As at September 30, 2016, their total outstanding Loan Portfolio was Rs. 361,119.3 million, Rs. 112,951.1 million of which, or 31.28%, were Housing Finance loans and Rs. 248,168.2 million of which, or 68.72%, were Urban Infrastructure Finance loans and project-linked bonds.

They classify their housing finance loans into social housing, residential real estate and retail finance, which is branded as HUDCO Niwas (collectively, “Housing Finance”).

With respect to urban infrastructure finance, they make loans for projects relating to:

1. - water supply;
2. - roads and transport;
3. - power;
4. - emerging sectors, which includes SEZs (special economic zones), industrial infrastructure, gas pipelines, oil terminals and telecom sector projects;
5. - commercial infrastructure and others, which includes shopping centres, market complexes, malls-cum-multiplexes, hotels and office buildings;
6. - social infrastructure and area development; and
7. - sewerage, drainage and solid waste management (collectively, “Urban Infrastructure Finance”).

Their borrowers under Urban Infrastructure Finance are primarily State Governments and their agencies. They ceased sanctioning new Urban Infrastructure Finance loans to entities in the private sector in March 2013.

Corporate Vision

"TO BE A LEADING TECHNO-FINANCIAL INSTITUTION PROMOTING SUSTAINABLE HABITAT DEVELOPMENT FOR TRANSFORMING THE LIVES OF PEOPLE."

Corporate Mission

"TO PROMOTE SUSTAINABLE HABITAT DEVELOPMENT TO ENHANCE THE QUALITY OF LIFE"

HUDCO would continue to explore opportunities in related sectors for sustainable profits, which in turn will help it to further support its social objectives. Towards expanding its role in the sectors, HUDCO plans to integrate itself along the complete project finance value chain and position itself as sector expert in the identified areas. HUDCO would leverage its expertise and experience gained over the years towards augmenting its Interest based activities. HUDCO's IT strategy is also focused on the right technology solutions to meet its business objectives, including setting up an industry bench marked integrated solution spanning HUDCO's business processes.

HUDCO is poised to take upto a much more significant role in the sector by supporting the growing needs of housing and infrastructure in the coming years with the continued growth of economy. HUDCO is also committed to play its unique social role with a special focus on the needs for the economically weaker sections and lower groups.

Brief History of the Company

Their Company was incorporated as “The Housing and Urban Development Finance Corporation Private Limited” on April 25, 1970, as a private limited company under the Companies Act, 1956, and was granted a certificate of incorporation by the then Registrar of Companies, Delhi. Subsequently, the name of their Company was changed to its present name, “Housing and Urban Development Corporation Limited” and a fresh certificate of incorporation dated July 9, 1974, was issued by the then Registrar of Companies, Delhi & Haryana. Their Company was notified as a public financial institution under Section 4A of the Companies Act, 1956 on December 9, 1996, by the Department of Company Affairs, Ministry of Finance, GoI. Further, the NHB issued a certificate of registration to them on July 31, 2001, permitting them to carry on the business of a housing finance institution.

Main Objects

The main objects of their Company as contained in their Memorandum of Association are:

• - to provide long term finance for construction of houses for residential purposes or finance or undertake housing and urban development programmes in the country;
• - to finance or undertake, wholly or partly, the setting up of new or satellite towns;
• - to subscribe to the debentures and bonds to be issued by the State Housing (and/or Urban Development) Boards, Improvement Trusts, Development Authorities etc., specifically for the purpose of financing housing and urban development programmes;
• - to finance or undertake the setting up of industrial enterprises of building material;
• - to administer the money received, from time to time, from the Government of India and other sources as grants or otherwise for the purposes of financing or undertaking housing and urban development programmes in the country;
• - to promote, establish, assist, collaborate and provide consultancy services for the projects of designing and planning of works relating to Housing and Urban Development programmes in India and abroad;
• - to undertake the business of Venture Capital Fund in Housing and Urban Development Sectors facilitating Innovations in these sectors and invest in and/or subscribe to the units/shares etc. of Venture Capital Funds promoted by Government/Government Agencies in the above areas; and
• - to set up HUDCO’s own Mutual Fund for the purpose of. Housing and Urban Development programmes and/or invest in, and/or subscribe to the units etc. of Mutual Funds, promoted by the Government/Government Agencies for the above purpose.

The main object clause and objects incidental or ancillary to the main objects contained in the Memorandum of Association and Articles of Association enable our Company to undertake its existing activities.