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The name of the Company has changed from "Deutsche Postbank Home Finance Limited” to “First Blue Home Finance Limited”, w.e.f May 31, 2011.
Registered Office: Unit no. S - 12 C, 12 D, Second Floor, Vasant Square Mall,
Plot A, Sector - B, Pocket - V, Vasant Kunj, New Delhi – 110070
Ph: +91 11 32071648/649/650/651
Corporate Office: 201, II Floor, Vipul Agora, M.G. Road, Gurgaon – 122002
Ph.:0124- 4724100, Fax: 0124- 47124101
First Blue Home Finance Limited (formerly known as Deutsche Postbank Home Finance Limited) is a subsidiary of Dewan Housing Finance Corporation Ltd. eventually holding stake through its 100% Subsidiary i.e. DHFL Holdings Private Limited (a Special Purpose Vehicle) .The Company has been one of the fastest growing Housing Finance Companies in India. It has its presence in around 40 locations pan India, through its branches and sales offices, ensuring doorstep accessibility to its customers. The Parent Company i.e. Dewan Housing Finance Corporation Ltd. arguably stands strong as the third largest Housing Finance Company & the second largest housing finance company in the private sector.
In terms of the Share Purchase Agreement (the SPA) dated December 1, 2010 between the BHW Holdings AG, Germany (the Seller) and Dewan Housing Finance Corporation Limited, Wadhwan Housing Private Limited, Caledonia Investment Plc, U.K and Amber 2010 (the Purchasers), the seller alongwith its nominees have sold/transferred its entire equity stake held in Deutsche Postbank Home Finance Limited alongwith the Management Control to the purchasers in the Board of Directors Meeting held on March 25, 2011. Hereinafter, DPHFL is a subsidiary of Dewan Housing Finance Corporation Limited.
DPHFL is now a part of Dewan Housing Finance Corporation Limited (DHFL) which is the third largest housing finance company & the second largest housing finance company in the private sector. Presently, DHFL with its Corporate Office at Mumbai & 6 Zonal offices strives continually to reach out to its customers through its extensive network of 101 Branches, 72 Services Centers, 24 Camps, 6 Zonal offices, 11Reginoal Processing offices spread across the length and breadth of the country.
DHFL acquired Vysya Bank Housing Finance Limited in
2004 to boost its presence in Sothern India.
The company was later renamed as DHFL Vysya Housing Finance Limited
(DVHFL). It has presence in the States of Karnataka, Andhra Pradesh, Tamil Nadu
and Maharashtra.
DHFL and IFC joined hands in 2011 to launch Aadhar Housing Finance Pvt Ltd. Aadhar will focus on low income segment and enable financial accessibility by providing housing finance to the people at the base of the pyramid. The company inaugurated its first branch in Lucknow, UP and will soon start operations in the other low income states like Madhya Pradesh, Jharkhand, Orissa, Chhattisgarh and Bihar.
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INNOVATIVE RANGE
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The Company has gradually and prudently increased market share with the widest available range of home loan products. It has an innovative approach to home loans to customize products across various income groups, tenures and customer segments. On offer is a full range of contemporarily, fixed and variable interest rate home loan schemes, which are competitive with the best in the market.
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SERVICES AND RATINGS
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DPHFL, a fast growing home finance Company has striven to create a progressive, customer friendly organization, benchmarked to best practices. Top level rating agencies such as ICRA, FITCH, CARE & CRISIL have assigned robust ratings to the Company’s Borrowing Programme. CARE has awarded its rating AA+ to long term Non Convertible Debentures (NCDs) issued by the Company, ICRA has awarded rating of MAA+ to the FD programme and LAA + to the long term debt programme and CRISIL assigned its highest rating ‘P 1 +' to the Company's short term debt programme.
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