July 28, 2016 7:34 PM ET

Thrifts and Mortgage Finance

Company Overview of Indiabulls Housing Finance Limited

Company Overview

Indiabulls Housing Finance Limited, a housing finance company, provides home loans and loans against properties in India. It offers loans against residential and commercial properties to small and mid-sized businesses, partnership firms, and private limited or closely held companies. The company also provides finance and other related ancillary services; and insurance products. It operates through a network of 220 branches in India. The company was founded in 2000 and is based in Mumbai, India.

Indiabulls House

Indiabulls Finance Centre

Senapati Bapat Marg

Elphinstone Road

Mumbai,  400013

India

Founded in 2000

Key Executives for Indiabulls Housing Finance Limited

Vice Chairman, Chief Executive Officer, Managing Director, Chairman of Management Committee, Chairman of Investment Committee, Chairman of Bond Issue Committee, Member of Compensation Committee, Member of Risk Management Committee and Member of Corporate Social Responsibility Committee
Age: 41
Total Annual Compensation: 75.1M
Founder and Chairman
Age: 41
Total Annual Compensation: 244.9M
Chief Financial Officer, Member of Asset Liability Management Committee, Member of Investment Committee and Member of Risk Management Committee
Age: 48
Total Annual Compensation: 17.5M
Deputy Managing Director, Member of Risk Management Committee, Member of Asset Liability Management Committee, Member of Investment Committee, Member of Corporate Social Responsibility Committee, Member of Stakeholders Relationship Committee, Member of Management Committee and Member of Strategic Investment Committee
Age: 40
Total Annual Compensation: 34.4M
Executive Director, Chairman of Risk Management Committee, Chairman of Asset Liability Management Committee, Chairman of Customer Grievance Committee, Chairman of Allotment Committee, Member of Audit Committee, Member of Management Committee, Member of Bond Issue Committee and Member of Strategic Investment Committee
Age: 57
Total Annual Compensation: 20.7M
Compensation as of Fiscal Year 2015.

Indiabulls Housing Finance Limited Key Developments

Indiabulls Housing Finance Limited Declares an Interim Dividend for the Financial Year 2016-2017, Payable on or Before August 24, 2016

The board of directors of Indiabulls Housing Finance Limited declared an interim dividend of INR 9 per share for the financial year 2016-2017 and the record date for the purpose of determining the names of the members eligible of the interim dividend will be August 8, 2016 and the dividend will be payable on or before August 24, 2016.

Indiabulls Housing Finance Limited Announces Unaudited Standalone and Consolidated Earnings Results for the First Quarter Ended June 30, 2016

Indiabulls Housing Finance Limited announced unaudited standalone and consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, on standalone basis, the company reported income from operations of INR 22,136.140 million compared to INR 16,982.102 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20,288.845 million compared to INR 15,840.030 million a year ago. Profit from ordinary activities before tax was INR 8,634.128 million compared to INR 6,763.608 million a year ago. Net profit for the period was INR 6,264.758 million compared to INR 4,953.647 million a year ago. Diluted EPS before and after extraordinary items was INR 14.69 compared to INR 13.69 a year ago. For the quarter, on consolidated basis, the company reported income from operations of INR 22,613.4 million compared to INR 17,655.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 20,603.989 million compared to INR 16,352.8 million a year ago. Profit from ordinary activities before tax was INR 8,750.244 million compared to INR 6,922.5 million a year ago. Net profit for the period was INR 6,349.264 million compared to INR 5,112.9 million a year ago. Diluted EPS before and after extraordinary items was INR 14.95 compared to INR 14.38 a year ago.

Indiabulls Housing Finance Limited Proposes to Issue Secured, Redeemable, Nonconvertible Debentures on a Private Placement Basis

Indiabulls Housing Finance Limited announced that the company proposed to issue secured, redeemable non-convertible debentures of face value of INR 1 million each aggregating to INR 250 million, on private placement basis, pursuant to Regulation 30 and other applicable provisions of SEBI Regulations, 2015. The company has allotted secured redeemable non-convertible debentures on private placement. The date of allotment is July 22, 2016. The date of maturity is July 22, 2026. Coupon rate is 8.9% per annum.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
November 11, 2015
Oaknorth Bank Limited
Merger/Acquisition
August 28, 2015
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