HDB Financial Services
ListedFinancial Services2025The diversified retail NBFC arm of HDFC Bank. One of 2025's largest IPOs, listing at a healthy premium on strong institutional demand.
Company Overview
HDB Financial Services is a leading diversified retail-focused non-banking financial company and a subsidiary of HDFC Bank, offering lending and BPO services.
Operates across Enterprise Lending, Asset Finance and Consumer Finance, distributed through a wide branch network and digital channels, backed by HDFC Bank parentage.
India's retail credit demand continues to expand; well-capitalised, bank-backed NBFCs are positioned to gain share.
IPO Details
Market Performance
Financials
Revenue CAGR +14.6%| Fiscal Year | Revenue | Profit | EBITDA | Net Worth | Debt |
|---|---|---|---|---|---|
| FY23 | ₹12,403 Cr | ₹1,959 Cr | ₹9,000 Cr | ₹11,400 Cr | ₹54,000 Cr |
| FY24 | ₹14,171 Cr | ₹2,461 Cr | ₹10,500 Cr | ₹13,300 Cr | ₹67,000 Cr |
| FY25 | ₹16,300 Cr | ₹2,700 Cr | ₹12,000 Cr | ₹15,500 Cr | ₹79,000 Cr |
All figures in ₹ crore.
Price History
IPO Price vs Current
Returns
Key Numbers
News & Updates
- 25 Apr 2026
HDB Financial posts steady FY26 earnings growth
Economic Times
- 18 Oct 2025
AUM crosses milestone post-listing
Moneycontrol
SWOT Analysis
- • HDFC Bank parentage
- • Diversified retail loan mix
- • Wide physical reach
- • Exposure to unsecured lending cycles
- • Margin pressure in competitive segments
- • Cross-sell via parent ecosystem
- • Digital lending scale-up
- • Asset-quality stress in downturns
- • Regulatory tightening on NBFCs
Figures are illustrative sample data for demonstration — not investment advice.