History of HDFC Group
HDFC Group was founded in 1977 as a mortgage lender under the name Housing Development Finance Corporation (HDFC). It was established by Hasmukhbhai Parekh. In 1995, HDFC Bank was established as a scheduled commercial bank. It was the first private sector bank to receive ‘in-principle’ approval from the Reserve Bank of India (RBI). It was one of the first companies in India to focus on housing finance. Under the leadership of its former Chairman Deepak Parekh, who held the top post from 1993-2023, the HDFC Group evolved into one of the largest financial conglomerates in India.
Over the years HDFC Group expanded its services beyond housing loans and entered banking, insurance and asset management, among other financial services segments. It gained popularity for its customer-friendly services, digital banking solutions, and wide range of financial products. The bank introduced innovative ways to make banking easier and more accessible for individuals and businesses. HDFC Group has also emerged as a leading private sector insurer, offering both life and general insurance products.
Key people in HDFC Group
Sashidhar Jagdishan: Managing Director & Chief Executive Officer (MD & CEO) of HDFC Bank
- Kaizad Bharucha: Deputy Managing Director & Executive Director
- Keki Mistry: Chairperson & Non-Executive Director
- Atanu Chakraborty: Part Time Chairman & Independent Director
- MD Ranganath: Independent Director
- Sandeep Parekh: Independent Director
- Renu Karnad: Member of the Board of Directors
- V Srinivasa Rangan: Executive Director
- Bhavesh Zaveri: Executive Director
How to Invest in HDFC Group stocks?
You can invest in HDFC Group stocks through online trading platforms like Upstox by following these steps:
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Open demat account: Register on Upstox and complete the necessary KYC verification.
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Deposit funds: Add money to your trading account.
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Research companies: Study HDFC Group companies, evaluating their financial health and future growth potential.
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Purchase shares: Choose the stocks that match your investment goals and make the purchase.
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Track performance: Keep an eye on your investments and make changes as required based on market conditions.
