HDFC Securities - Digitization to the fore
HDFC Securities Limited is engaged in a single line of business as a provider of broking services to its clients in capital market. The Company is an unlisted public limited company that is a majority owned subsidiary of HDFC Bank Limited (a renowned private sector bank).
The Company is registered as a “Stock Broker” with the Securities and Exchange Board of India (“SEBI”) and as a “Corporate Agent” with the Insurance Regulatory and Development Authority (“IRDA”). It is one of the leading technology based securities firm in India that offers a wide range of financial services including brokerage, financial product distribution and investment banking with a focus on both retail and institutional clients since last 18 years.
Company provides a suite of products and services across various asset classes, such as equity, gold, debt and real estate. Be it stocks, derivatives, mutual funds, fixed deposits, NCDs, insurance, bonds, currency derivatives, company have a product that suits each of investment needs.
HDFC Securities provide services through 270 plus branches as well as through online, mobile, telephone.
Financial Performance
Company reported 42.49% growth in Total income in FY2018 to Rs. 788.25 Crs. (as against Rs. 553.20 Crs. in FY17). A whooping appreciation in PAT of 59.53% was reported in FY18 to Rs. 344.42 Crs. (215.90 Crs) in FY17.
HDFC Bank Limited holds 97.67% stake in HDFC Securities
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