About Hdb Financial Services Limited
Data last updated: 21 December 2025
Hdb Financial Services Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Hdfc Bank Limited. It specialises in investment and credit NBFC, a part of the broader financial services sector. Incorporated on 04 June 2007, the company has been in operation for over 19 years.
Registered with ROC Ahmedabad under CIN L65993GJ2007PLC051028. Listed.
Capital: an authorised share capital of ₹1,001.55 Cr and a paid-up capital of ₹829.85 Cr. It is led by directors including Bhaskar Sharma and Jayant Purushottam Gokhale.
Last AGM: 12 June 2025. Financial statements filed for year ended 31 March 2025. Office: Radhika 2Nd Floor Law Garden Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹16,300 Cr, a growth of 15% compared to the previous year.
The company has a workforce of approximately 117,736 employees as per the latest available data. It operates as a subsidiary of Hdfc Bank Limited.
The company is associated with 1 brand - Hdb Financial Services. As per MCA filings, the company has open charges of ₹122,594 Cr and satisfied charges of ₹110,833 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hdbfs.com.
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Registered AddressRadhika 2Nd Floor Law Garden Road Navrangpura, Ahmedabad, Gujarat, India – 380009
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IndustryFinancial Services, Investment & Credit NBFC, NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Hdb Financial Services Limited
Hdb Financial Services Limited has one previous CIN (Corporate Identification Number): U65993GJ2007PLC051028. The current CIN is L65993GJ2007PLC051028, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65993GJ2007PLC051028 | Current |
| U65993GJ2007PLC051028 | Previous |
Associated Brands with Hdb Financial Services Limited
Hdb Financial Services Limited operates one associated brand: HDB Financial Services. These brands represent Hdb Financial Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Non-banking financial services including loans and BPO operations are provided. | hdbfs.com |
Competitors & Alternatives of Hdb Financial Services Limited
Brands and companies operating in the same space as Hdb Financial Services Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Manappuram Finance
|
Consumer and SME loans are provided by Manappuram Finance. | Valapad, India, India | 1992 |
L & T Finance Holdings
|
Diversified lending services are provided as a non-banking financial institution. | Mumbai, India, India | 1994 |
Bajaj Finserv
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Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
Northern Arc Capital
|
Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
IIFL Finance
|
Online gold, home, personal, and business loans are provided. | Mumbai, India, India | 1995 |
Mahindra Finance
|
Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India, India | 1991 |
Tata Capital
|
Diversified non-banking financial services are provided by Tata Capital. | Mumbai, India, India | 2007 |
Hero Fincorp
|
2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India, India | 1991 |
Muthoot Finance
|
Consumer and SME loans are provided, secured by gold jewellery. | Ernakulam, India, India | 1887 |
Kinara Capital
|
Collateral-free loans are provided to MSMEs for business operations. | Bengaluru, India, India | 2011 |
Business Activity of Hdb Financial Services Limited
Hdb Financial Services Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | ********* |
Auditor Details of Hdb Financial Services Limited
Hdb Financial Services Limited is audited by M/s. Kalyaniwalla & Mistry LLP (ICAI peer reviewed, certificate valid till 2027-07-31); M/s. G. D. Apte & Co. (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. Kalyaniwalla & Mistry LLP (ICAI peer reviewed, certificate valid till 2027-07-31); M/s. G. D. Apte & Co. (ICAI peer reviewed, certificate valid till 2026-11-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Hdb Financial Services Limited
Hdb Financial Services Limited is currently managed by 10 directors, with 20 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Bhaskar Sharma
Also directs:
Polycab India Limited, Ebg Federation
|
Director | 16 Sep 2024 | 1 Years 9 Months | Current |
|
Jayant Purushottam Gokhale
Also directs:
Franklin Templeton Trustee Services Private Limited
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Director | 16 Sep 2024 | 1 Years 9 Months | Current |
| Adayapalam Kumaraswamy Viswanathan | Director | 24 Jul 2019 | 6 Years 11 Months | Current |
|
Jayesh Rajagopalan Chakravarthi
Also directs:
Recast Technologies Private Limited
|
Director | 25 Jan 2024 | 2 Years 5 Months | Current |
| Ramesh Ganesan | Managing Director | 01 Jul 2012 | 14 Years 0 Months | Current |
| Jimmy Minocher Tata | Director | 15 Jul 2023 | 2 Years 11 Months | Current |
Financials of Hdb Financial Services Limited FY 2026 filings available
Hdb Financial Services Limited reported revenue of ₹18,430 Cr (up ) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 |
|---|---|
| Revenue from Operations | ₹18,430 Cr |
| Interest Earned | ₹15,788 Cr |
| Other Income | ₹0 |
| Total Income | ₹18,430 Cr |
| Cost of Materials Consumed | ₹0 |
| Purchases of Stock-in-Trade | ₹0 |
| Changes in Inventories | ₹0 |
| Employee Benefit Expense | ₹3,913.64 Cr |
| Finance Costs | ₹6,820.15 Cr |
| Depreciation & Amortisation | ₹209.29 Cr |
| Other Expenses | ₹1,285.49 Cr |
| Total Expenses | ₹15,043 Cr |
| Profit Before Exceptional Items & Tax | ₹3,386.32 Cr |
| Exceptional Items | ₹0 |
| Profit Before Tax | ₹3,386.32 Cr |
| Total Tax Expense | ₹842.55 Cr |
| Net Profit | ₹2,543.78 Cr |
| Other Comprehensive Income | ₹3.45 Cr |
| Total Comprehensive Income | ₹2,547.23 Cr |
| EBITDA (computed) | ₹10,416 Cr |
| Basic EPS | ₹30.97 |
| Diluted EPS | ₹30.88 |
| Metrics | FY 2026 |
|---|---|
| Total Assets | ₹123,652 Cr |
| Property, Plant & Equipment | ₹230.08 Cr |
| Inventories | ₹0 |
| Cash & Equivalents | ₹1,246.12 Cr |
| Equity (Net Worth) | ₹20,664 Cr |
| Equity Share Capital | ₹830.33 Cr |
| Total Liabilities | ₹102,987 Cr |
| Metrics | FY 2026 |
|---|---|
| Operating Cash Flow | -₹8,605.7 Cr |
| Investing Cash Flow | -₹1,772.09 Cr |
| Financing Cash Flow | ₹10,673 Cr |
| Capital Expenditure | ₹143.61 Cr |
| Free Cash Flow (computed) | -₹8,749.31 Cr |
| Dividends Paid | ₹245.49 Cr |
| Net Change in Cash | ₹295.62 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
|---|---|---|---|---|
| Revenue from Operations | ₹4,745.41 Cr | ₹4,673.49 Cr | ₹4,545.39 Cr | ₹4,465.45 Cr |
| Interest Earned | ₹4,081.35 Cr | ₹3,989.02 Cr | ₹3,886.5 Cr | ₹3,831.53 Cr |
| Other Income | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Income | ₹4,745.41 Cr | ₹4,673.49 Cr | ₹4,545.39 Cr | ₹4,465.45 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹970.54 Cr | ₹1,025.26 Cr | ₹957.69 Cr | ₹960.15 Cr |
| Finance Costs | ₹1,682.46 Cr | ₹1,703.96 Cr | ₹1,694.04 Cr | ₹1,739.67 Cr |
| Depreciation & Amortisation | ₹54.27 Cr | ₹51.22 Cr | ₹52.43 Cr | ₹51.35 Cr |
| Other Expenses | ₹342.27 Cr | ₹320.51 Cr | ₹310.77 Cr | ₹312.05 Cr |
| Total Expenses | ₹3,734.15 Cr | ₹3,813.18 Cr | ₹3,763.22 Cr | ₹3,732.87 Cr |
| Profit Before Exceptional Items & Tax | ₹1,011.26 Cr | ₹860.31 Cr | ₹782.17 Cr | ₹732.58 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹1,011.26 Cr | ₹860.31 Cr | ₹782.17 Cr | ₹732.58 Cr |
| Total Tax Expense | ₹260.57 Cr | ₹216.38 Cr | ₹200.76 Cr | ₹164.79 Cr |
| Net Profit | ₹750.69 Cr | ₹643.93 Cr | ₹581.41 Cr | ₹567.79 Cr |
| Other Comprehensive Income | ₹50.47 Cr | -₹10.86 Cr | ₹46.56 Cr | -₹82.74 Cr |
| Total Comprehensive Income | ₹801.16 Cr | ₹633.07 Cr | ₹627.97 Cr | ₹485.05 Cr |
| EBITDA (computed) | ₹2,747.99 Cr | ₹2,615.49 Cr | ₹2,528.64 Cr | ₹2,523.6 Cr |
| Basic EPS | ₹9.04 | ₹7.76 | ₹7.01 | ₹7.13 |
| Diluted EPS | ₹9.02 | ₹7.74 | ₹6.98 | ₹7.11 |
| Segment · Q4 FY26 (latest quarter) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Lending Business | ₹4,451.88 Cr | ₹1,004.84 Cr | ₹122,521 Cr | ₹102,510 Cr |
| BPO Services | ₹293.53 Cr | ₹20.63 Cr | ₹179.61 Cr | ₹301.37 Cr |
| Segment · FY 2026 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| Lending Business | ₹17,206 Cr | ₹3,364 Cr | - | - |
| BPO Services | ₹1,223.91 Cr | ₹81.24 Cr | - | - |
Board & Governance of Hdb Financial Services Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Hdb Financial Services Limited has 9 directors - 7 independent and 1 executive. The board is chaired by Arijit Basu.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| Arijit Basu | Non-Executive - Independent Director · Chairperson | 2023-05-31 | 1 |
| Amla Samanta | Non-Executive - Independent Director | 2019-05-01 | 1 |
| A K Viswanathan | Non-Executive - Independent Director | 2019-07-24 | 1 |
| Arundhati Mech | Non-Executive - Independent Director | 2022-02-11 | 2 |
| Jayesh Chakravarthi | Non-Executive - Independent Director | 2024-01-25 | 1 |
| Bhaskar Sharma | Non-Executive - Independent Director | 2024-09-16 | 2 |
| Jayant Gokhale | Non-Executive - Independent Director | 2024-09-16 | 1 |
| Jimmy M Tata | Non-Executive - Non Independent Director | 2023-07-15 | 1 |
| Ramesh Ganesan | Executive Director | 2012-07-01 | 1 |
| Committee | Members |
|---|---|
| Audit Committee | Jayant Gokhale (Chairperson), A K Viswanathan, Jimmy M Tata, Jayesh Chakravarthi |
| Nomination and remuneration committee | Arundhati Mech (Chairperson), Amla Samanta, Arijit Basu, Bhaskar Sharma |
| Stakeholders Relationship Committee | Amla Samanta (Chairperson), Ramesh Ganesan, Bhaskar Sharma |
| Risk Management Committee | A K Viswanathan (Chairperson), Arundhati Mech, Ramesh Ganesan, Jimmy M Tata, Jayant Gokhale |
| Corporate Social Responsibility Committee | Amla Samanta (Chairperson), Ramesh Ganesan, Jayesh Chakravarthi, Bhaskar Sharma |
Charges & Borrowings of Hdb Financial Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Dec 2025 | Sidbi | ₹2,200 Cr | Open |
| 13 Nov 2025 | The Jammu and Kashmir Bank Limited | ₹750 Cr | Open |
| 06 Oct 2025 | Hdfc Bank Limited | ₹4,000 Cr | Open |
| 15 Sep 2025 | Others | ₹1,500 Cr | Open |
| 25 Aug 2025 | Karnataka Bank Ltd. | ₹100 Cr | Open |
Total charge records: 219 View all charges
Employees and EPFO Compliance at Hdb Financial Services Limited
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Employee Count & EPFO Data of Hdb Financial Services Limited
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GST Compliance of Hdb Financial Services Limited
GSTIN & GST Filing Data of Hdb Financial Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Hdb Financial Services Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Hdb Financial Services Limited
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MSME Payment Delays by Hdb Financial Services Limited
MSME Payment Delays by Hdb Financial Services Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Hdb Financial Services Limited
Subsidiaries & Group Companies of Hdb Financial Services Limited
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MCA Filings & Documents of Hdb Financial Services Limited
MCA Filings & Documents of Hdb Financial Services Limited
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Recent Activity on Hdb Financial Services Limited
Recent News on Hdb Financial Services Limited
Frequently Asked Questions about Hdb Financial Services Limited
Hdb Financial Services Limited is an active public limited company in the financial services sector based in Ahmedabad, Gujarat, India. It was incorporated on 04 June 2007 (19+ years old) and is registered under CIN L65993GJ2007PLC051028. The company has 117,736 employees.
Hdb Financial Services Limited reported revenue of ₹16,300 Cr for FY 2025 (up 15.00% YoY).
The current directors of Hdb Financial Services Limited are:
The primary industry of Hdb Financial Services Limited is financial services. The company specifically operates in investment and credit nbfc. The company is currently active in this sector.
Yes, Hdb Financial Services Limited is a listed company.
Hdb Financial Services Limited can be reached at the registered office: Radhika 2Nd Floor Law Garden Road Navrangpura, Ahmedabad, Gujarat, India – 380009, or through the website hdbfs.com.