Group Chairman's Message

Mr. Deepak Parekh
Chairman – HDFC Ltd.

I am very pleased with the journey GRUH has made during the past 25 years since its incorporation on 21st July, 1986.

Starting from small beginnings at Ahmedabad and clocking gradual growth during the first decade, GRUH has successfully demonstrated the viability of a dedicated rural focused Housing Finance Company. GRUH has achieved cumulative disbursement in excess of 5,800 Crore. Out of this, 2,443 Crore is at rural locations with a population less than 50,000. This supports the objective for which GRUH was promoted.

It was certainly the vision of late Shri H.T. Parekh, who persuaded the HDFC team to set up a dedicated rural focused Housing Finance Company in the State of Gujarat. It is therefore fitting for GRUH to complete its journey of 25 years with an outstanding performance on operational and financial parameters, in the centenary birth year of late Shri H.T. Parekh.

GRUH has been serving its customers in 757 talukas of 89 districts. This has helped more than 1,75,000 families build their homes with an average loan size of 4.18 lacs.

GRUH’s beginning has been good and satisfactory but a lot still needs to be done to meet the huge requirement of building homes in rural India. The successful penetration in deeper rural pockets in the State of Gujarat and Maharashtra has encouraged GRUH to move into its neighbouring states of Rajasthan, Madhya Pradesh, Chhattisgarh, Karnataka and Tamil Nadu. I am confident that GRUH will carry forward its good work and extend its footprint across the country.

On this occasion, I congratulate Sudhin and his team and wish them all success ahead.