HUDCO

It was being incorporated as “The Housing and Urban Development Finance Corporation Private Limited” as of April 25, 1970, as a private limited company under the Companies Act, 1956, and was also granted a certificate of incorporation by the Registrar of Companies, Delhi. Subsequently, the company name was changed to its present name, “Housing and Urban Development Corporation Limited” and a fresh certificate of incorporation as of July 9, 1974, was issued by the then Registrar of Companies, Delhi & Haryana. It was also notified as a public financial institution under Section 4A of the Companies Act, 1956 on December 9, 1996, by the Department of Company Affairs, Ministry of Finance, GoI. Soon after, the NHB issued a certificate of registration to the company on July 31, 2001, permitting us to carry on the business of a housing finance institution.

Some of the Achievements:

1991: It received the “UN-Habitat Scroll of Honor” from the United Nations Human Settlements Program.
1998: It was also awarded as one of the “top 10 Public Sector Enterprises for the year 1998-99” by the Prime Minister at the Conference of Chief Executives of Public Sector Enterprises held in April 2000.
2000: It received the “Prime Ministers National Awards for Excellence” in Urban Planning and Design” in the segment of “innovative concepts in the planning stage” concerning the contribution of consultancy for the New Jammu Township.
2004: It conferred the “Mini-Ratna Status” for Category-1 public sector enterprise.
2016: It received ISO 9001:2008 registration for quality management system issued by United Registrar of Systems, and in the field of providing project and retail financing services, resthece mobilization for funding, consultancy, and joint venture.

Some of the Milestones:

1970: The incorporation of the company took place.
1977: Also, the introduction of rural housing schemes for providing loan assistance for the construction of rural houses.
1986: It established the Human Settlement Management Institute, the research, and the training division of the Company.
1988: It commenced urban infrastructure financing.
1996: It also notified as a public financial institution under Section 4A of the Companies Act, 1956 by the Department of Company Affairs, Ministry of Finance, GoI.
1999: It started retail financing under the brand name HUDCO Niwas.}
2004: It conferred “Mini-Ratna Status” for the Category-1 public sector enterprise.
2012:
The PAT crossed INR 6,000 million.
It raised INR 50,000 million via an issue of tax-free bonds, as allocated by the CBDT in its budget allocation for the year 2011-2012, including INR 46,847 million raised via a public issue of tax-exempt bonds.
2013:
Also, the PAT crossed INR 7,000 million.
It raised INR 24,013.50 million via a public issue of tax-free bonds, as allocated by the CBDT in its budget allocation for the year 2012-2013.
2014: It raised INR 49,871.20 million via an issue of tax-free bonds, as allocated by the CBDT in its budget allocation for the year 2013-2014, including INR 47,963.20 million raised via a public issue of tax-exempt bonds.
2016: It raised INR 50,000 million via an issue of tax-free bonds, as allocated by the CBDT in its budget allocation for the year 2015-2016, including INR 35,000 million raised via a public issue of tax-exempt bonds.