H T Parekh Foundation
The H T Parekh Foundation is a Section 25 company, established by the Housing Development Finance Corporation Limited (HDFC).
The H T Parekh Foundation was established in October 2012 with the aim to undertake, pursue and be concerned with the welfare, betterment and advancement of society as a whole, irrespective of religion, race, community, caste, gender, language or social status. The Foundation is sector agnostic and works across a range of social interventions and development initiatives across India.
HDFC conducts a significant portion of its Corporate Social Responsibility through the Foundation.
HDFC was promoted in October 1977 as a public limited company specialising in providing housing finance primarily to individual households and corporations for the purchase and construction of residential housing. HDFC is India’s first retail housing finance company and is currently one of the largest originators of housing loans in the country. Over the years, the HDFC Group has emerged as a strong financial conglomerate in the Indian capital markets with a presence in banking, general & life insurance, asset management, venture capital and education loans.
HDFC has cumulatively financed 5 million housing units and as on 31st March 2015 HDFC has outstanding Gross Loans (total loans sold /assigned) of Rs. 2.5 trillion. HDFC was founded by the late Shri H T Parekh.