HDFC Bank is also India’s largest private sector bank by assets and the world’s tenth-largest bank by market capitalization as of May 2024. The Reserve Bank of India (RBI) has recognized HDFC Bank and ICICI Bank as Domestic Systematically Important Banks (D-SIBs).
With a Market Cap of $145 billion, HDFC Bank is 3rd largest company on India’s stock exchange.
HDFC Expansion And Formation Of Subsidiaries
Since its establishment in 1994, HDFC has expanded its operations in the banking space. They made some significant mergers in the 1990s with Times Bank and Centurion Bank of Punjab, the latter was reportedly the largest acquisition in the Indian financial sector during that time.
With HDFC’s Expansion, they decided to diverge their operations in different subsidiaries and associates. Some major ones are :
| Name | Type | Ownership stake |
| HDFC Life | Life Insurance | 50.37% |
| HDFC ERGO | General Insurance | 50.48% |
| HDFC Asset Management Company | Mutual funds | 52.55% |
| HDFC Securities | Stockbroking | 95.48% |
| HDB Financial Services | Consumer finance | 94.84% |
| HDFC Capital Advisors | Private equity real estate | 90% |
| HDFC Credila | Education finance | 9.99% |
| HDB Financial | NBFC | 94.60% |
HDFC Vs HDFC Securities
HDFC is different from HDFC Securities. While HDFC is a leading bank and financial conglomerate, HDFC Securities is an investment and asset management company. HDFC Bank owns HDFC Securities with 95% Stake.
HDFC Securities offer a wide range of services like:
- Stockbroking
- Trading in equities
- Derivatives, currency, & commodities, and
- Distributing financial products
While HDFC is a leading bank and finance conglomerate, HDFC Securities is known for its research and advisory services, helping investors make informed decisions.
Is HDFC Sky and HDFC Securities the same?
HDFC Sky is a part of the HDFC Securities group. According to SEBI Regulations, clients are not allowed to have two trading accounts with the same broking house. Therefore HDFC Securities only allows HDFC Customers to open trading & demat accounts. Clients are required to choose between HDFC Securities and Sky App.
Financial Performance of HDFC Securities.
HDFC Securities Limited is one of the most promising unlisted share companies in the market today. As far as the financial performance is concerned, it has been quite good. The company released its FY 23-24 results.
Here are some key highlights of FY 23-24:
- Total income saw a jump of 40.6% (FY23: Rs1,89,163 in lacs to FY24: RS 2,66,073 in lacs). This is a massive growth in terms of operation for HDFC Securities.
- Total customer base has risen to 53,82,198 nearly 20% higher than FY23.
- The Average Mutual Fund Book Size in FY24 was Rs 4,855 Cr, which is 50% higher than in FY23. While the Average daily turnover has risen 113.42%.
- The secondary market volumes at HDFC Securities Institutional Equities (HSIE) have multiplied over the past 5years.
This growth was aided by favorable market conditions and an increased market share with domestic Mutual Funds, Insurance Companies, AIFs, and PMS. All these indicate a healthy growth of hdfc securities share price.
Should You Invest In HDFC Securities?
With the recent financial performance and expanding operations, HDFC Securities has the potential to grow further giving a good return to investors. One of the most actively traded shares in the unlisted market.
If you want to grow your wealth, unlisted shares like HDFC Securities, NSE, and Orbis have given significant returns to investors in the last year. At Stockify, we help our clients uncover the best-unlisted shares and increase their wealth with our in-depth research and insights. We serve all your unlisted share needs with the best offerings.
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