HDFC has listed two of its subsidiaries over the last year, HDFC Standard Life and HDFC AMC. Keki Mistry, vice chairman and chief executive of HDFC says that general insurance business and education finance arm will be the next in line to be listed in next few years.
Read Also: Waiting for right time to list other businesses, says Keki Mistry
“HDFC Credila we put in money, it is education finance business. Then we said we would look at the health insurance business, currently there is nothing insight, there is no company that we are looking at or talking to but it is something which we have in mind. It would require capital whether it is organic or inorganic, it would require capital. So that is the second area of growth. Third is we talked about stressed real estate business so whilst it would be a funds structure, some percentage of the money in that fund will have to be put in by us to give confidence to ultimate investors, all of that will consume capital over a period of time,” Mistry said.
“We have done some inorganic growth in a general insurance business where we bought over L&T General Insurance a couple of years ago but in the life business, we never had inorganic growth and despite that we have had a stable growth. So our profit margins are good and we would like to consistently keep growing and keep eyes open for any inorganic growth opportunity,” he further added.