HDFC Group lead by Deepak Parekh has four listed companies.

1. HDFC Limited: Housing Finance Company.
2. HDFC Bank Limited: A Banking Company.
3. HDFC Standard Life Insurance Company Limited: A JV with an MNC. A Life Insurance Company
4. Gruh Finance Limited: An acquisition. Again, into Home Finance.

Today, on 11/07/18, these four listed companies of the group, combined, crossed market capitalisation of Rs. 10,00,000 cr. (Rs ten lac crore). It is a significant benchmark.

In the process, the HDFC Group became the second largest group in the stock market in terms of market capitalisation. The largest is the Tata Group with a market capitalisation of slightly over Rs 11 lac cr. But there are differences. The Tatas have 30 listed companies from the group. Secondly, HDFC Group is confined to financial services alone while Tatas are into everything: from salt to software and from retailing to realty.

However, HDFC Group is readying it’s AMC, HDFC Mutual Fund for initial public offering (IPO). All formalities are over and the expected market capitalisation after listing of this company is around Rs 40,000 cr. Looks like its only a matter of time for HDFC Group to become the most valuable group on the Indian capital market.

HDFC Bank, not officially the flagship company of the group, but the most valued, has market value of Rs 5,60,000 cr and it is behind TCS and Reliance Industries Limited only. TCS Limited had market value of Rs 7,19,000 cr (over USD 100 billion) and is the most valued Indian company.

There are reasons behind this phenomenal success of the group: 1) this is a professionally managed group, 2) the top management has stayed for pretty long giving sustained leadership and stability to the respective companies 3) risk taking capabilities of the top management 4) consistency in performance 5) customer service oriented approach and 6) domestic and foreign investors.

Whatever, these are certainly the enriching times for the investors.