It’s true that HDB Financial Services is a corporation based in India. It is not a firm that is publicly traded. However, transactions for the company’s shares take place on a market that is not publicly listed. One of HDFC Bank’s several wholly owned subsidiaries is called HDB Financial Services Limited. It is owned by HDFC Bank that has a 95 percent stake in the company. The interest collected from various loans is the primary source of revenue for the organisation.
In 2007, HDB financial services limited was established, and since then it has been providing consumers with a variety of secured and unsecured loans in addition to business process outsourcing (BPO) services. At the present time, it has about 1300 locations spread across across 24 states and 3 union territories. Because it operates on a digital platform, it gives its clients quick and simple access to all of the goods and services it offers. Even though the majority of businesses were negatively affected by the epidemic, this company still managed to do better than most of them, and it is now on track to become profitable. HDB Financial Services is now the most successful non-banking financial enterprise in the sector, and the company is planning to launch its initial public offering (IPO) in the not too distant future.