(i) HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank a private sector bank in India. It is one of the leading stock broking companies in India and has completed 20 years of operation. HDFC securities were founded in the year 2000 and are headquartered in Mumbai with branches across major cities and towns in India.
HDFC securities began operations in April 2000. In the beginning, it was a joint venture between HDFC Bank Limited, HDFC Limited, and Indocean eSecurities Holdings Limited.
(ii) Along with offering stock broking services, HDFC securities is also a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd’s stake and in 2008 acquired another 4% from Indocean securities. Currently, HDFC security is a subsidiary of HDFC Bank.
(iii) HDFC Securities Ltd is a stockbroking and distribution arm of the HDFC Group. One of the oldest broking houses in India, its operations include Stock Broking and Distribution of various financial products. It is a corporate member of both the BSE and the NSE. HDFC securities is well known with professional traders for its comprehensive online trading portal offerings.
(iv) The Company had 262 branches across 161 cities in the country as on 31 March 2020 and also has multiple digital platforms to enable its customers
to have easy access to its products.
Last 5 Years Performance of HDFC Securities (Fig. in Crores)
|Year||Total Income||PAT||Dividend Per Share|
|Total Available Shares:||100|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||10-100 Shares|
|Current Unlisted Share Price:||₹ Best in Industry Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
|Particulars (In Crores)||Quarter Ending||Year Ended|
|Impairment on Financial Instruments||3||5||2||7|
|Profit Before Tax||334||318||175||946|
|Profit After Tax||251||245||130||703|