Sreejith Sankar Sudheesh S S Suraj S

Founded Largest Owned 8

in 1956

insurance company in india by government

Zonal offices divisional offices branch offices agents

100

2048

100,21,449

LIC

insurance corporation (LIC)of india international Nepal Lanka housing finance housing finance care homes

LIC

LIC

LIC

LIC

one of the largest Housing Finance company in India. Incorporated on 19th June 1989 promoted by LIC of India and went public in the year 1994. listed on the National Stock Exchange (NSE) & Bombay Stock Exchange Limited (BSE)

providing long term finance to individuals for purchase / construction / repair and renovation of new / existing flats / houses. Registered and Corporate Office at Mumbai, 6 Regional Offices, 13 Back Offices and 181 marketing units across India. Offshore offices in Dubai & Kuwait.

Brand Name & Parentage Extensive experience in Housing Finance Industry Consistent focus on low NPAs yielding higher ROAs Extensive distribution network and customer profile mix advantage Low cost of funding & operating cost structure yielding high profits & ROE

Strong

Vision To be the best Housing Finance Company in the country. Mission Provide secured housing finance at affordable cost, maximizing shareholders value with higher customer sensitivity. Values Fair and Transparent Business Practices. Transformation to a Knowledge Organisation. Higher Autonomy in Operations. Instilling a sense of Ownership amongst Employees

        

Mr.T.S. Vijayan Chairman Mr. D.K.Mehrotra Managing Director Mr. Y. B. Desai Director Mr. Dhananjay Mungale Director Mr. K. Narasimha Murthy Director Mr. S. Ravi Director Mr. B.N. Shukla Director Mr. A.S. Narayanamoorthy Director Mr. V.K. Sharma Director & Chief Executive

providing community dwelling units to benefit the aged as part of its social responsibility initiative. build about 90-100 dwelling units on a five to seven acre complex called Care Homes, complete with a gym, walking track, a library, a community centre and a kitchen apart from medical facilities. LICHFL Care Homes Limited has pioneered the corporatised initiative in the sector of elder care in India by providing assisted community living centres to senior citizens.

The minimum age for taking a dwelling unit in a Care Home is 50 years. LICHF, a 100% subsidiary of LIC, had started its first Care Home in the southern metropolis about three years back giving merit awards or giving scholarships

loans

or any other assistance to deserving students

The

Company launched its eco-friendly pilot project in Bangalore with cost-effective independent cottages and all other on-campus amenities, fully structured and selfcontained to address every possible need of residents.

Construction and maintenance of rural link roads, village streets, pavements and drainage. Construction and maintenance of drinking water projects such as wells, tube wells, etc. and cleaning of wells and ponds. Rural electrification i.e. provision of street lighting in villages and electrification of Harijan/tribal homes

Assistance to the weaker sections of society in constructing houses at sites provided in rural areas by Government, village panchayats.

2010 housing loan scam in India



Central Bureau of Investigation (CBI) on arrested CEO of LIC Housing Finance Ramachandran Nair on Nov 2010. The officials allegedly colluded with the firm to sanction large scale corporate loans, overriding mandatory conditions for such approvals along with other irregularities.

Most

firms, including BGR Energy and Oberoi Realty denied any role in the scam
The

scam was discovered shortly after the 2010 Commonwealth Games corruption controversy and the Adarsh Housing Society Mumbai scam.
The

investors were rattled as news of the arrests broke in Mumbai.

The

share of the LIC Housing Finance, Central Bank of India, Punjab National Bank, Bank of India, Money Matters Financial Services Ltd. as well as other banking and real-estate stock declined

widen distribution channels and diversify assets low cost diversified funding base low cost operating structure

Maintain

Maintain

Focus

on continuous improvement in asset quality

Effective

use of technology to further strengthen business process.