Free Stock Tip

A1 Intraday tips Android App for Share Traders

Get APP link by sms

For Free Trial of our Share Tips Service Give Miss call on 8000203322


Testimonial

GIC Housing Finance Ltd share price today (on 20 September 2017).

We Provide Best stock tips for GIC Housing Finance Ltd. A1 Intraday Tips is accurate share tips Provider Company in India in Nse market. A1 Intraday Tips, also provide Daily Charts with Nse Share Market current price of GIC Housing Finance Ltd with today performance in nse market. Contact Us for Jackpot Stock tips.


Get Free Stock Tips for GIC Housing Finance Ltd


BSE: 511676 | NSE: GICHSGFIN | ISIN: INE289B01019 Market Cap: [Rs.Cr.] 492 | Face Value: [Rs.] 10 Industry: Finance - Housing

GIC Housing Finance Limited, was incorporated as 'GIC Grih Vitta Limited' on 12th December 1989. The name was changed to its present name vide a fresh Certificate of Incorporation issued on 16th November 1993. The Company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction
GIC Housing Finance Ltd is a subsidiary of General Insurance Corporation of India. The company is engaged in the housing finance activity. They operate in the retail loan segment. They provide loans to individuals and to persons/ entities engaged in construction of houses/ flats for residential purposes. The company has their presence in 27 locations (24 Business Centers & 3 Collection centers) across the country for business. They have got a strong marketing team, which is further assisted by Sales Associates (SAs). They have tie-ups with builders to provide finance to individual borrowers. The company also has tie-ups with corporates for various housing finance needs. GIC Housing Finance Ltd was incorporated on December 12, 1989 with the name GIC Grih Vitta Ltd. The company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India. The company was promoted by General Insurance Corporation of India and their erstwhile subsidiaries namely, National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd together with erstwhile UTI, ICICI, IFCI, HDFC and SBI, all of them contributing to the initial share capital.
HDFC, SBI, ICICI and SUUTI sold off their holding in the company and ceased to be the promoters of the company. During the year 1989-91, the company started their operations in 8 locations. During the year 1991-92, they launched Employee and Builder Scheme Housing Scheme. During the year 1992-93, the name of the company was changed from GIC Grih Vitta Ltd to GIC Housing Finance Ltd with effect from November 16, 1993. During the year 1994-95, the company started new services centres in Navi Mumbai, Vizag and Coimbatore. During the year 1996-97, they started the process of branch interlinking and computerization. During the year 2000-01, the company opened a service centre at Madurai in Tamilnadu. During the year 2001-02, they opened three service centres at Trichy (Tamil Nadu), Thane (Mumbai) and Noida (Delhi). During the year 2009-10, the company opened their branches in tier two cities namely Baroda, Nagpur and Nasik. With this, the total number of branches as on 31st March, 2010 stood at 27.
They sanctioned Rs 77757 lakh under 'Apna Ghar Yojana' during the year. The company had taken 'Special Contingency Insurance' with The New India Assurance Company Ltd, which covers Accidental Insurance and Mortgaged property Insurance of the borrowers of the company. Also, the company made a tie up with Kotak Mahindra Old Mutual Life Insurance Ltd for getting insurance cover on the life of the borrower to the extent of the 'outstanding home Loan'. In December 2010, the company sold their investments in LIC Mutual Fund Asset Management Company Ltd and LIC Mutual Fund Trustee Company Pvt Ltd.
According to the Individual - Audited financial statement for the Year of 2012, total net operating revenues increased with 2.58%, from INR 428.35 tens of millions to INR 439.42 tens of millions. Operating result increased from INR 263.4 tens of millions to INR 390.94 tens of millions which means 48.42% change. The results of the period decreased -48.11% reaching INR 59.04 tens of millions at the end of the period against INR 113.77 tens of millions last year. Return on equity (Net income/Total equity) went from 24.40% to 11.87%, the Return On Asset (Net income / Total Asset) went from 3.20% to 1.70% and the Net Profit Margin (Net Income/Net Sales) went from 26.56% to 13.44% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 696.89% compared to 761.86% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 61.49 to 0.68 when compared to the previous year.
YEAR EVENTS 1989 - GIC Housing Finance Limited (GICHF) was incorporated as "GIC Grih Vitta Limited" on 12th December. The Company was issued Certificate for Commencement of Business dated 12th January, 1990. The Company was promoted by GIC and its subsidiaries. - The primary business of GICHF is granting housing loans to individuals and to persons engaged in construction of houses/flats for residential purposes. 1994 - 50,00,000 No. of equity shares allotted to promoters. 50,00,001 No. of equity shares allotted on Rights basis in prop. 1:1. 80,00,000 No. of equity shares of Rs 10 each were issued at a prem. of Rs 40 per share during Dec. 1994 through prospectus of which 26,00,400 shares reserved and allotted to promoters. Of the remaining 8,90,900 shares were allotted on a firm basis to Indian Mutual Funds & another 8,600 shares to employees on preferential basis (of these only 8,100 shares taken up). Balance 45,00,100 shares along with 500 shares not taken up by employees and public. Additional 4,900 shares allotted. 1996 - The Company untertook to set up a fully integrated computerisation project facilitating interconnection of all the service centres to head office and vice versa.
- The objects of the issue is to augment long term resources of the company & strengthen equity base and to list the equity shares on recognised Stock Exchange.- Various schemes were introduced like GIC Apna Ghar Yojana, NRI Housing Loans, Employees Housing Scheme, Housing repair/renovation Scheme, Line of Credit through company, Line of Credit to the company, Construction Finance Scheme.2000 - Mr. H.P. Ranina, Director, resigned from the Board with effect from September 28. 2004-GIC Housing Finance Ltd has informed that the Company has appointed Sharepro Services as Share Transfer Agent of the Company w.e.f. March 01, 2004.
2007-GIC Housing Finance Ltd has appointed Shri. M Sivaraman as a Managing Director w.e.f. October 24, 2007.


Gabriel India Ltd Gammon India Ltd Gati Ltd Genesys International Corporation Ltd
GHCL Ltd Gujarat Industries Power Co Ltd GAEL GANESHHOUC
GDL GEODESIC GICHSGFIN GAIL
GARDENSILK GEECEE GEOMETRIC GILLANDERS
GALLISPAT GARWALLROP GEINDSYS GESHIP
GILLETTE

Our all intraday stock tips,
Under one plan with Unbelievable lowest price
( Equity cash, Nse f&o tips, jackpot tips, sure shot call, btst/stbt call/nifty tips/bank nifty tips)
free trial available for 2 days

 

GITANJALI GLENMARK GMBREW GOACARBON
GODREJPROP GOLDIAM GKB GLOBOFFS
GKWLIMITED GLOBUSSPR GMRINFRA GODREJCP
GMDCLTD GODFRYPHLP GOKEX GOKUL
GLAXO GLODYNE GNFC GODREJIND
GOLDENTOBC GPIL GRASIM GRUH
Daily Intraday free Nifty Level with 90% Accuracy

 

 

GTL GUJFLUORO GVKPIL GPPL
GRAVITA GSFC GTOFFSHORE GUJNRECOKE
GRANULES GREENPLY GSKCONS GUJALKALI
GUJRATGAS GRAPHITE GRINDWELL GSPL
GUJAPOLLO GULFOILCOR

 

3 to 4 Share Tips & Stock Tips for Nse Intraday traders
to Earn daily Rupees 10000 to 15000
Our all call under in one plan
(equity, fno, jackpot,sure shot, nifty, bank nifty tips )



Nse Listed Companies with Live Charts

(Click on an alphabet below to get a list of nse listed companies
with live charts starting with that Alphabet.)

A B C D E F G H I J
K L M N O P Q R S T
U V W X Y Z