Stock market indices
Nifty 500
Market Cap
₹42,557 Cr
HDBFS · NSE
Share Price
₹510.00
-0.44% today
Revenue
₹16,300 Cr
FY 2024-25 · +15.0% YoY
EBITDA
₹9,556 Cr
Margin 58.6%
Net Profit
₹2,176 Cr
FY 2024-25 · -11.6% YoY
P/E (TTM)
19.4x
P/B 2.3x
ROE
14.7%
ROCE 9.8%
Debt / Equity
5.47
Interest cover 68.7x
About HDB Financial Services Limited
Data last updated:
HDB Financial Services Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Hdfc Bank Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 04 June 2007 and has been in existence for over 19 years.
HDB Financial Services is part of the Nifty 500 index.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L65993GJ2007PLC051028. Its GSTIN is 24AABCH8761M1Z7 (Gujarat). The company holds 37 GST registrations, of which 32 are active. Its shares are listed on BSE: 544429 and NSE: HDBFS.
The company has an authorised share capital of ₹1,001.55 Cr and a paid-up capital of ₹830.79 Cr. It is led by directors including Ramesh Ganesan (Managing Director) and Arundhati Mech.
Its last annual general meeting (AGM) was held on 26 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Radhika 2nd Floor Law Garden Road Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹18,431 Cr, a growth of 13.1% compared to the previous year. For the same year it recorded a net profit of ₹2,543.11 Cr (net margin 13.8%) and EBITDA of ₹10,452 Cr (EBITDA margin 56.7%). The net worth stands at ₹20,664 Cr (up 30.6% YoY). Total assets are valued at ₹1,19,894 Cr (up 13.6% YoY).
The company has about 117,736 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HDB Financial Services. As per MCA filings, the company has open charges of ₹1,42,982 Cr and satisfied charges of ₹1,11,593 Cr on record. Court records list 1,69,844 cases involving the company, including 1,65,602 filed by the company and 4,254 filed against it; 93,222 cases are pending. The company has 17 deals on record (9 debt financings, 4 rights issues, 3 funding rounds), with disclosed funding of ₹29,837 Cr; the latest was in June 2025. Its 10 peer companies in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC) are compared by revenue, 5 larger and 5 smaller; the largest is Reliance Capital Ltd with revenue of ₹24,444 Cr.
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.
Company Details of HDB Financial Services Limited
CIN L65993GJ2007PLC051028
Registration Number 051028
Incorporation Date 04 June 2007
ROC Ahmedabad
Listing Status Listed (BSE: 544429, NSE: HDBFS)
Company Status Active
Date of Last AGM 26 June 2026
Date of Balance Sheet 31 March 2026
Parent Company Hdfc Bank Limited
Compliance Status Active Compliant
CIN History of HDB Financial Services Limited
HDB Financial Services 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 |
Recognitions & Rankings of HDB Financial Services
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Apps
- Registered AddressRadhika 2nd Floor Law Garden Road Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
Comprehensive company report
HDB Financial Services Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Associated Brands with HDB Financial Services Limited
HDB Financial Services operates one associated brand: HDB Financial Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Non-banking financial services including loans and BPO operations are provided. | hdbfs.com |
Business Activity of HDB Financial Services Limited
The main business activity of HDB Financial Services is financial and insurance service. In detail, this covers 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 | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of HDB Financial Services Limited FY 2025-26 filings available
HDB Financial Services Limited reported revenue of ₹18,431 Cr (up 13.1% YoY) for FY 2025-26.
Financial Highlights
FY 2024-25 · ConsolidatedRevenue
₹16,300 Cr
+15.0% YoY
EBITDA
₹9,556 Cr
+14.3% YoY
Profit After Tax
₹2,176 Cr
-11.6% YoY
Net Worth
₹15,820 Cr
+15.1% YoY
Total Assets
₹1,03,218 Cr
+17.2% YoY
Total Debt
₹87,398 Cr
+17.6% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 16,300 | 14,173 | 12,403 | 8,725 | 7,027 |
| Revenue growth | +15.0% | +14.3% | - | +24.2% | - |
| EBITDA | 9,556 | 8,357 | 6,251 | 5,119 | 3,930 |
| EBITDA margin | +58.6% | +59.0% | +50.4% | +58.7% | +55.9% |
| Profit before tax | 2,928 | 3,305 | 2,627 | 1,724 | 1,436 |
| Net profit | 2,176 | 2,460 | 1,959 | 1,154 | 933 |
| Net profit margin | +13.4% | +17.4% | +15.8% | +13.2% | +13.3% |
| EPS (₹) | 27.34 | 31.03 | 24.76 | 14.68 | 11.92 |
| Balance sheet | |||||
| Total assets | 1,03,218 | 88,073 | 66,302 | 52,364 | 41,885 |
| Net worth | 15,820 | 13,743 | 11,437 | 7,178 | 6,040 |
| Total debt | 87,398 | 74,331 | 54,865 | 45,105 | 35,753 |
| Cash & bank | 984 | 703 | 654 | 489 | 137 |
| Net working capital | (3,804) | (3,479) | (2,712) | 51,288 | 41,051 |
| Cash flow | |||||
| Cash from operations | (13,626) | (16,736) | (6,851) | (8,991) | (8,186) |
| Cash from investing | 1,159 | (2,146) | 973 | (181) | (49.19) |
| Cash from financing | 12,770 | 19,134 | 5,796 | 9,445 | 8,226 |
| Particulars | Mar 2025 | Dec 2024 | Mar 2024 |
|---|---|---|---|
| Revenue | 4,266 | 4,144 | 3,667 |
| Revenue growth (YoY) | +16.3% | - | - |
| Other income | 0.00 | 0.00 | 0.00 |
| EBITDA | 2,408 | 2,334 | 2,299 |
| EBITDA margin | +56.5% | +56.3% | +62.7% |
| Depreciation | 53.80 | 48.60 | 40.40 |
| Interest | 1,650 | 1,645 | 1,377 |
| Profit before tax | 704 | 641 | 882 |
| Tax | 173 | 168 | 226 |
| Net profit | 531 | 472 | 656 |
| EPS (₹) | 6.65 | 5.93 | 8.27 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 18,431 | 16,300 | 14,173 | 12,403 | 11,312 | 10,945 |
| Revenue growth | +13.1% | +15.0% | +14.3% | +9.7% | +3.4% | - |
| EBITDA | 10,452 | 9,556 | 8,357 | 6,251 | 4,772 | 4,491 |
| EBITDA margin | +56.7% | +58.6% | +59.0% | +50.4% | +42.2% | +41.0% |
| Profit before tax | 3,386 | 2,928 | 3,305 | 2,627 | 1,348 | 501 |
| Net profit | 2,543 | 2,176 | 2,460 | 1,959 | 1,011 | 392 |
| Net profit margin | +13.8% | +13.4% | +17.4% | +15.8% | +8.9% | +3.6% |
| EPS (₹) | 30.64 | 27.34 | 31.03 | 24.76 | 12.80 | 4.96 |
| Balance sheet | ||||||
| Total assets | 1,19,894 | 1,05,502 | 88,073 | 66,302 | 58,513 | 58,805 |
| Net worth | 20,664 | 15,820 | 13,743 | 11,437 | 9,540 | 8,446 |
| Total debt | 99,230 | 89,682 | 74,331 | 54,865 | 48,973 | 50,359 |
| Cash & bank | 1,674 | 984 | 703 | 654 | 684 | 976 |
| Net working capital | (260) | (1,519) | (3,479) | (2,712) | (2,227) | (2,436) |
| Cash flow | ||||||
| Cash from operations | (8,606) | (13,626) | (16,736) | (6,851) | 1,987 | (342) |
| Cash from investing | (1,772) | 1,159 | (2,146) | 973 | (703) | 131 |
| Cash from financing | 10,673 | 12,770 | 19,134 | 5,796 | (1,500) | 608 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,005 | 4,938 | 4,745 | 4,674 | 4,545 | 4,465 | 4,266 | 4,144 |
| Revenue growth (YoY) | +10.1% | +10.6% | +11.2% | +12.8% | +13.4% | +15.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 2,087 | 2,075 | 1,997 | 2,058 | 2,017 | 1,942 | 1,858 | 1,809 |
| EBITDA | 2,918 | 2,863 | 2,748 | 2,616 | 2,529 | 2,524 | 2,408 | 2,334 |
| EBITDA margin | +58.3% | +58.0% | +57.9% | +56.0% | +55.6% | +56.5% | +56.5% | +56.3% |
| Depreciation | 57.40 | 54.80 | 54.30 | 51.20 | 52.40 | 51.40 | 53.80 | 48.60 |
| Interest | 1,817 | 1,753 | 1,682 | 1,704 | 1,694 | 1,740 | 1,650 | 1,645 |
| Profit before tax | 1,044 | 1,055 | 1,011 | 860 | 782 | 732 | 704 | 641 |
| Tax | 264 | 270 | 261 | 216 | 201 | 165 | 173 | 168 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Mar 2025 | Dec 2024 | Mar 2024 |
|---|---|---|---|
| Revenue | 4,266 | 4,144 | 3,667 |
| Revenue growth (YoY) | +16.3% | - | - |
| Other income | 0.00 | 0.00 | 0.00 |
| EBITDA | 2,408 | 2,334 | 2,299 |
| EBITDA margin | +56.5% | +56.3% | +62.7% |
| Depreciation | 53.80 | 48.60 | 40.40 |
| Interest | 1,650 | 1,645 | 1,377 |
| Profit before tax | 704 | 641 | 882 |
| Tax | 173 | 168 | 226 |
| Net profit | 531 | 472 | 656 |
| EPS (₹) | 6.65 | 5.93 | 8.27 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Revenue | 16,300 | 14,173 | 12,403 | 8,725 | 7,027 |
| Revenue growth | +15.0% | +14.3% | - | +24.2% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 6,745 | 5,817 | 6,152 | 3,606 | 3,097 |
| Employee cost | 3,620 | 3,851 | 4,058 | 2,552 | 2,228 |
| EBITDA | 9,556 | 8,357 | 6,251 | 5,119 | 3,930 |
| EBITDA margin | +58.6% | +59.0% | +50.4% | +58.7% | +55.9% |
| Depreciation | 194 | 145 | 112 | 61.92 | 45.31 |
| Interest | 6,433 | 4,907 | 3,512 | 3,333 | 2,449 |
| Profit before tax | 2,928 | 3,305 | 2,627 | 1,724 | 1,436 |
| Tax | 752 | 844 | 668 | 571 | 503 |
| Net profit | 2,176 | 2,460 | 1,959 | 1,154 | 933 |
| Net profit margin | +13.4% | +17.4% | +15.8% | +13.2% | +13.3% |
| EPS (₹) | 27.34 | 31.03 | 24.76 | 14.68 | 11.92 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 796 | 793 | 791 | 786 | 783 |
| Reserves & surplus | 15,024 | 12,950 | 10,646 | 6,393 | 5,257 |
| Shareholders' funds (net worth) | 15,820 | 13,743 | 11,437 | 7,178 | 6,040 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 78,169 | 67,728 | 51,475 | 38,492 | 30,845 |
| Unsecured loans | 9,229 | 6,603 | 3,390 | 6,613 | 4,908 |
| Total debt | 87,398 | 74,331 | 54,865 | 45,105 | 35,753 |
| Total liabilities | 1,03,218 | 88,073 | 66,302 | 52,364 | 41,885 |
| Assets | |||||
| Gross block | 1,264 | 967 | 790 | 341 | 297 |
| Net block | 735 | 511 | 387 | 123 | 137 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2,060 | 3,380 | 1,243 | 568 | 402 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 225 | 125 | 65.76 | 120 | 126 |
| Cash & bank balances | 984 | 703 | 654 | 489 | 137 |
| Loans & advances | 432 | 177 | 317 | 54,856 | 44,348 |
| Total current assets | 1,642 | 1,004 | 1,037 | 55,464 | 44,612 |
| Total current liabilities | 5,446 | 4,483 | 3,748 | 4,176 | 3,561 |
| Net working capital | (3,804) | (3,479) | (2,712) | 51,288 | 41,051 |
| Total assets | 1,03,218 | 88,073 | 66,302 | 52,364 | 41,885 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Opening cash | 648 | 396 | 477 | 61.61 | 70.03 |
| Net cash from operating activities | (13,626) | (16,736) | (6,851) | (8,991) | (8,186) |
| Net cash from investing activities | 1,159 | (2,146) | 973 | (181) | (49.19) |
| Net cash from financing activities | 12,770 | 19,134 | 5,796 | 9,445 | 8,226 |
| Net change in cash | 303 | 252 | (81.30) | 273 | (8.42) |
| Closing cash | 984 | 703 | 654 | 489 | 137 |
| Particulars | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +15.0% | +14.3% | - | +24.2% | - |
| EBITDA growth | +14.4% | +33.7% | - | +30.3% | - |
| PBT growth | -11.4% | +25.8% | +52.4% | +20.1% | +9997.0% |
| Net income growth | -11.6% | +25.6% | - | +23.6% | - |
| Revenue CAGR (3Y) | +23.2% | +26.4% | - | - | - |
| EBITDA CAGR (3Y) | +23.1% | +28.6% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +13.4% | +17.4% | +15.8% | +13.2% | +13.3% |
| Return on capital employed | +9.8% | +10.6% | +9.3% | +10.7% | +9.3% |
| Return on net worth | +14.7% | +19.6% | +17.1% | +17.5% | +15.5% |
| Debt / equity | 5.47 | 5.13 | 4.80 | 6.12 | 5.92 |
| Long-term debt / equity | 5.33 | 5.10 | 4.81 | 5.61 | 5.44 |
| Interest cover | 68.72 | 59.76 | 57.20 | 65.91 | 63.04 |
| Efficiency & per share | |||||
| Fixed asset turnover | 14.61 | 16.13 | 15.69 | 27.33 | 23.65 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 93.20 | 148.90 | 188.61 | 70.94 | 55.58 |
| EPS (₹) | 27.34 | 31.03 | 24.76 | 14.68 | 11.92 |
| Dividend per share (₹) | 3.00 | 3.00 | 2.00 | 1.80 | 1.50 |
| Book value per share (₹) | 198.80 | 173.28 | 144.52 | 91.36 | 77.15 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,005 | 4,938 | 4,745 | 4,674 | 4,545 | 4,465 | 4,266 | 4,144 |
| Revenue growth (YoY) | +10.1% | +10.6% | +11.2% | +12.8% | +13.4% | +15.0% | - | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 2,087 | 2,075 | 1,997 | 2,058 | 2,017 | 1,942 | 1,858 | 1,809 |
| EBITDA | 2,918 | 2,863 | 2,748 | 2,616 | 2,529 | 2,524 | 2,408 | 2,334 |
| EBITDA margin | +58.3% | +58.0% | +57.9% | +56.0% | +55.6% | +56.5% | +56.5% | +56.3% |
| Depreciation | 57.40 | 54.80 | 54.30 | 51.20 | 52.40 | 51.40 | 53.80 | 48.60 |
| Interest | 1,817 | 1,753 | 1,682 | 1,704 | 1,694 | 1,740 | 1,650 | 1,645 |
| Profit before tax | 1,044 | 1,055 | 1,011 | 860 | 782 | 732 | 704 | 641 |
| Tax | 264 | 270 | 261 | 216 | 201 | 165 | 173 | 168 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 18,431 | 16,300 | 14,173 | 12,403 | 11,312 | 10,945 |
| Revenue growth | +13.1% | +15.0% | +14.3% | +9.7% | +3.4% | - |
| Other income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total expenses | 7,979 | 6,745 | 5,817 | 6,152 | 6,540 | 6,453 |
| Employee cost | 3,914 | 3,620 | 3,851 | 4,058 | 3,500 | 2,956 |
| EBITDA | 10,452 | 9,556 | 8,357 | 6,251 | 4,772 | 4,491 |
| EBITDA margin | +56.7% | +58.6% | +59.0% | +50.4% | +42.2% | +41.0% |
| Depreciation | 209 | 194 | 145 | 112 | 98.94 | 108 |
| Interest | 6,856 | 6,433 | 4,907 | 3,512 | 3,326 | 3,883 |
| Profit before tax | 3,386 | 2,928 | 3,305 | 2,627 | 1,348 | 501 |
| Tax | 842 | 752 | 844 | 668 | 336 | 109 |
| Net profit | 2,543 | 2,176 | 2,460 | 1,959 | 1,011 | 392 |
| Net profit margin | +13.8% | +13.4% | +17.4% | +15.8% | +8.9% | +3.6% |
| EPS (₹) | 30.64 | 27.34 | 31.03 | 24.76 | 12.80 | 4.96 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 830 | 796 | 793 | 791 | 790 | 789 |
| Reserves & surplus | 19,834 | 15,024 | 12,950 | 10,646 | 8,749 | 7,657 |
| Shareholders' funds (net worth) | 20,664 | 15,820 | 13,743 | 11,437 | 9,540 | 8,446 |
| Secured loans | 88,603 | 78,169 | 67,728 | 51,475 | 44,872 | 45,925 |
| Unsecured loans | 10,627 | 11,514 | 6,603 | 3,390 | 4,101 | 4,433 |
| Total debt | 99,230 | 89,682 | 74,331 | 54,865 | 48,973 | 50,359 |
| Total liabilities | 1,19,894 | 1,05,502 | 88,073 | 66,302 | 58,513 | 58,805 |
| Assets | ||||||
| Gross block | 1,388 | 1,264 | 967 | 790 | 660 | 642 |
| Net block | 773 | 735 | 511 | 387 | 293 | 317 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3,748 | 2,060 | 3,380 | 1,243 | 2,234 | 1,593 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 296 | 225 | 125 | 65.76 | 142 | 117 |
| Cash & bank balances | 1,674 | 984 | 703 | 654 | 684 | 976 |
| Loans & advances | 1,528 | 432 | 177 | 317 | 460 | 306 |
| Total current assets | 3,498 | 1,642 | 1,004 | 1,037 | 1,286 | 1,400 |
| Total current liabilities | 3,757 | 3,161 | 4,483 | 3,748 | 3,513 | 3,836 |
| Net working capital | (260) | (1,519) | (3,479) | (2,712) | (2,227) | (2,436) |
| Total assets | 1,19,894 | 1,05,502 | 88,073 | 66,302 | 58,513 | 58,805 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 950 | 648 | 396 | 477 | 693 | 356 |
| Net cash from operating activities | (8,606) | (13,626) | (16,736) | (6,851) | 1,987 | (342) |
| Net cash from investing activities | (1,772) | 1,159 | (2,146) | 973 | (703) | 131 |
| Net cash from financing activities | 10,673 | 12,770 | 19,134 | 5,796 | (1,500) | 608 |
| Net change in cash | 296 | 303 | 252 | (81.30) | (216) | 398 |
| Closing cash | 1,674 | 984 | 703 | 654 | 684 | 976 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +13.1% | +15.0% | +14.3% | +9.7% | +3.4% | - |
| EBITDA growth | +9.4% | +14.4% | +33.7% | +31.0% | +6.3% | - |
| PBT growth | +15.7% | -11.4% | +25.8% | +95.0% | +169.1% | +9997.0% |
| Net income growth | +16.9% | -11.6% | +25.6% | +93.7% | +158.2% | - |
| Revenue CAGR (3Y) | +14.1% | +13.0% | +9.0% | - | - | - |
| EBITDA CAGR (3Y) | +18.7% | +26.0% | +23.0% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +13.8% | +13.4% | +17.4% | +15.8% | +8.9% | +3.6% |
| Return on capital employed | +9.2% | +9.8% | +10.6% | +9.8% | +8.0% | +7.5% |
| Return on net worth | +13.9% | +14.7% | +19.6% | +18.7% | +11.3% | +4.8% |
| Debt / equity | 5.12 | 5.47 | 5.13 | 4.95 | 5.52 | 6.08 |
| Long-term debt / equity | 4.96 | 5.31 | 5.08 | 4.95 | 5.50 | 5.97 |
| Interest cover | 66.94 | 68.72 | 59.76 | 57.20 | 71.16 | 88.58 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 13.90 | 14.61 | 16.13 | 17.10 | 17.38 | 16.77 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 70.74 | 93.20 | 148.90 | 119.50 | 87.30 | 73.33 |
| EPS (₹) | 30.64 | 27.34 | 31.03 | 24.76 | 12.80 | 4.96 |
| Dividend per share (₹) | 4.00 | 3.00 | 3.00 | 2.00 | 1.00 | 0.00 |
| Book value per share (₹) | 248.87 | 198.80 | 173.28 | 144.52 | 120.69 | 107.02 |
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You're viewing the latest exchange-filed financials for HDB Financial Services Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
Board of Directors of HDB Financial Services Limited
HDB Financial Services has 8 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arundhati Mech Also directs: Afcom Holdings Limited, Shivalik Small Finance Bank Limited | Director | 11 Feb 2022 | 4 Years 8 Months | Current |
| Ramesh Ganesan | Managing Director | 01 Jul 2012 | 14 Years 3 Months | Current |
| Amla Ashim Samanta | Director | 01 May 2019 | 7 Years 5 Months | Current |
| Adayapalam Kumaraswamy Viswanathan | Director | 24 Jul 2019 | 7 Years 2 Months | Current |
| Jayant Purushottam Gokhale Also directs: Franklin Templeton Trustee Services Private Limited | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
| Bhaskar Sharma Also directs: Polycab India Limited, Ebg Federation | Director | 16 Sep 2024 | 2 Years 1 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer Comparison of HDB Financial Services Limited
HDB Financial Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Capital Ltd Listed | ₹24,444 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Muthoot Finance Limited Listed | ₹20,324 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Ernakulam, Kerala, India |
| Infrastructure Leasing and Financial Services Limited | ₹18,799 Cr (FY 2018) | •••• | •••• | 10.0% | •••• | Mumbai, Maharashtra, India |
| Mahindra and Mahindra Financial Services Limited Listed | ₹18,530 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Mumbai, Maharashtra, India |
| HDB Financial Services Limited this company | ₹18,431 Cr (FY 2026) | •••• | •••• | 13.1% | •••• | Ahmedabad, Gujarat, India |
| GMR Enterprises Private Limited | ₹17,475 Cr (FY 2019) | •••• | •••• | 13.0% | •••• | Royapettah, Tamil Nadu, India |
| L&T Finance Limited Listed | ₹15,941 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| L&T Finance Limited | ₹15,941 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kolkata, West Bengal, India |
| Aditya Birla Finance Limited | ₹12,764 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Veraval, Gujarat, India |
| Bengal & Assam Company Limited Listed | ₹12,588 Cr (FY 2019) | •••• | •••• | 715.0% | •••• | Kolkata, West Bengal, India |
| Cholamandalam Financial Holdings Limited Listed | ₹10,947 Cr (FY 2019) | •••• | •••• | 23.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below HDB Financial Services by revenue in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of HDB Financial Services Limited
Open charges
₹1,42,982 Cr
Satisfied charges
₹1,11,593 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Sep 2026 | Others | ₹1,000 Cr | Open |
| 29 Aug 2026 | Idbi Trusteeship Services Limited | ₹33.06 Cr | Open |
| 25 Jun 2026 | Bank of India | ₹1,000 Cr | Open |
| 25 Jun 2026 | Idbi Trusteeship Services Limited | ₹5,500 Cr | Open |
| 24 Jun 2026 | Others | ₹1,000 Cr | Open |
Total charge records: 233 View all charges
Deals & Funding of HDB Financial Services Limited
HDB Financial Services Limited has 17 deals on record (9 debt financings, 4 rights issues, 3 funding rounds), with disclosed funding of ₹29,837 Cr; the latest was in June 2025.
Total deals
17
Debt financings
9
Rights issues
4
Funding rounds
3
IPO
1
Disclosed funding
₹29,837 Cr
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | IPO | ₹12,500 Cr | Investors: Life Insurance Corporation of India, Goldman Sachs Public Market Fund, Icici Prudential Life Insurance Company Limited Seller: HDFC Bank Limited |
| Feb 2025 | Debt financing | ₹1,500 Cr | Investors: Icici Bank, Axis Bank Limited , Bajaj Life Insurance Limited |
| Oct 2024 | Debt financing | ₹2,442 Cr | Investors: State Bank Of India, Icici Bank, Wipro Limited |
| Aug 2024 | Debt financing | ₹200 Cr | Investors: Axis Bank Limited |
| Jan 2023 | Debt financing | ₹18,626 Cr | Investors: Yes Bank Limited , A K Capital Services Limited , Kotak Corporate Bond Fund, an individual |
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Full deal history
All 17 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of HDB Financial Services Limited
HDB Financial Services Limited has 1,69,844 court cases on record: 1,65,602 filed by HDB Financial Services, 4,254 filed against it. 93,222 cases are pending and 76,622 are disposed.
Total cases
1,69,844
Filed by the company
1,65,602
Filed against the company
4,254
Pending
93,222
Disposed
76,622
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,66,408 | 2,986 | 92,783 |
| High courts | 3,400 | 1,246 | 427 |
| Supreme Court | 14 | 12 | 1 |
| NCLAT | 13 | 3 | 9 |
| NCLT | 9 | 7 | 2 |
Cases on record (5 of 1,69,844)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North, Delhi | Court case (OMP (COMM.)) | Filed against the company by NKG Infrastructure Ltd. | Pending |
| High Court of Rajasthan | Court case (CMCC) | Filed by the company against Rajasthan State Industrial Development and Investment Corporation Ltd. | Pending |
| High Court of Rajasthan | Court case (CSTAY) | Filed by the company against Rajasthan State Industrial Development and Investment Corporation Ltd. | Pending |
| High Court of Rajasthan | Appeal | Filed by the company against Rajasthan State Industrial Development and Investment Corporation Ltd. and 1 other | Pending |
| High Court of Rajasthan | Interim or miscellaneous application | Filed by the company against Ms Rao IIT Academy | Pending |
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Full case history
All 1,69,844 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at HDB Financial Services Limited
Employment history and EPFO contributions of people linked to HDB Financial Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on HDB Financial Services Limited
HDB Financial Services Limited has 30 board changes on record since 2008: 10 appointments and 20 cessations. The latest: Natarajan Srinivasan was appointed as Director on 14 May 2026.
Charges
A charge with Others amounted to Rs. 1,000.00 Cr with Charge ID 101401481 was registered on 28 Sep 2026.
Charges
A charge registered on 16 Mar 2023 via Charge ID 100731251 with Idbi Trusteeship Services Limited was fully satisfied on 16 Sep 2026.
Charges
A charge with Others of Rs. 2,828.74 Cr registered on 31 Mar 2022 with Charge ID 100555409 was modified on 07 Sep 2026.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 33.06 Cr with Charge ID 101372673 was registered on 29 Aug 2026.
AGM
Hdb Financial Services Limited last Annual general meeting of members was held on 26 Jun 2026 as per latest MCA records.
Charges
A charge with Bank Of India amounted to Rs. 1,000.00 Cr with Charge ID 101316588 was registered on 25 Jun 2026.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 5,500.00 Cr with Charge ID 101336364 was registered on 25 Jun 2026.
Charges
A charge with Others amounted to Rs. 1,000.00 Cr with Charge ID 101334637 was registered on 24 Jun 2026.
Charges
A charge registered on 24 Jan 2023 via Charge ID 100668780 with Idbi Bank Limited was fully satisfied on 19 Jun 2026.
Charges
A charge with Others of Rs. 3,000.00 Cr registered on 21 Mar 2025 with Charge ID 101076272 was modified on 29 May 2026.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 3,000.00 Cr with Charge ID 101305808 was registered on 26 May 2026.
Appointed
Natarajan Srinivasan was appointed as Director.
441 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for HDB Financial Services Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by HDB Financial Services Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of HDB Financial Services Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of HDB Financial Services Limited
HDB Financial Services has 37 GST registrations: 32 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
37
Active
32
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCH8761M1Z7 | Gujarat | Active | 01 Jul 2017 |
| 02AABCH8761M1ZD | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AABCH8761M1ZB | Punjab | Active | 01 Jul 2017 |
| 04AABCH8761M1Z9 | Chandigarh | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of HDB Financial Services Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about HDB Financial Services Limited
HDB Financial Services: Releases Q2 FY27 Earnings Call Transcript; Disbursements Rise 18% Year-over-Year; Profit After Tax Jumps 34% Year-over-Year; Bright Outlook for H2 Thanks to Festive Demand.
HDB Financial Services: Expects To Keep Net Interest Margin Around 8.2% In The Short Term And Over 8% In The Long Term, With Minimal Effects From Recent Repo Rate Hike. Management Projects Overall Growth In Disbursements, Forecasting Q3 To Outperform Q2 And Q4 To Surpass Q3, Aiming For 17-18% Growth In FY28.
HDB Financial Services: Targets Annualized ROA Over 2.5% And Credit Costs Around 2.3%. Management Expects Slight Improvement In Cost To Income Ratio From Tech Investments And A Recovery In Used Asset Finance By Q3-Q4.
HDB Financial Services: Expects Fee Income Impact Of INR455 Crore, About 0.3% On ROA, With Plans To Address It As Regulations Develop.
HDBFS: Q2 REVENUE 50B RUPEES VS 45.45B (YOY)
HDBFS: Q2 SL NET PROFIT 7.8B RUPEES VS 5.81B (YOY); EST 8.13B
Frequently Asked Questions about HDB Financial Services Limited
HDB Financial Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 04 June 2007 (19+ years old) and is registered under CIN L65993GJ2007PLC051028. Listed on BSE: 544429 and NSE: HDBFS.
HDB Financial Services reported revenue of ₹18,431 Cr for FY 2025-26 (up 13.1% YoY) based on standalone financials.
HDB Financial Services has 8 current directors:
- Ramesh Ganesan - Managing Director
- Arundhati Mech - Director
- Amla Ashim Samanta - Director
- Adayapalam Kumaraswamy Viswanathan - Director
- Jayant Purushottam Gokhale - Director
- Bhaskar Sharma - Director
- Jayesh Rajagopalan Chakravarthi - Director
- Natarajan Srinivasan - Director
The GSTIN of HDB Financial Services is 24AABCH8761M1Z7, registered in Gujarat. The company has 37 GST registrations in all, of which 32 are active and 5 are cancelled or inactive. Other active GSTINs include 02AABCH8761M1ZD (Himachal Pradesh), 03AABCH8761M1ZB (Punjab), 04AABCH8761M1Z9 (Chandigarh).
The CIN (Corporate Identification Number) of HDB Financial Services is L65993GJ2007PLC051028. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. HDB Financial Services is listed on both BSE (code: 544429) and NSE (symbol: HDBFS).
HDB Financial Services has 1,69,844 court cases on record: 1,65,602 filed by the company and 4,254 filed against it. 93,222 are pending. Most are in the district courts.
HDB Financial Services was incorporated on 04 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Ahmedabad.
HDB Financial Services has 17 deals on record (9 debt financings, 4 rights issues, 3 funding rounds), with disclosed funding of ₹29,837 Cr; the latest was in June 2025.
The peers of HDB Financial Services by revenue are Reliance Capital Ltd, Muthoot Finance Limited, Infrastructure Leasing and Financial Services Limited, Mahindra and Mahindra Financial Services Limited, GMR Enterprises Private Limited and 5 more, all in the BFSI industry (Large NBFC, NBFC Investment and Credit Companies, Systemically Important Non Deposit NBFC).
Natarajan Srinivasan was appointed as Director on 14 May 2026. Bhaskar Sharma ceased to be Additional Director on 20 Oct 2024. Jayant Purushottam Gokhale ceased to be Additional Director on 20 Oct 2024. HDB Financial Services has 30 board changes on record in total.