Housing Development & Infrastructure Ltd.
1.37
INR
-0.03
(-2.14%)
ISIN
INE191I01012
Return %
Stock
S&P 500
1Y
-51.59
14.20
3Y
-58.48
81.12
5Y
-71.16
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
INR
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Sarang Wadhawan
- Full Time Employees
- 286
- Sector
- Finance
- Industry
- Real estate development
- Address
- HDIL Towers Mumbai MA India 400051
- IPO Date
- Jun 28, 2007
- Website
- hdil.in
- Similar Companies
- Business
- Housing Development and Infrastructure Limited (HDIL) is a diversified real estate company primarily engaged in the development and construction of residential, commercial, and retail properties, as well as infrastructure facilities and slum rehabilitation projects. Its product portfolio includes residential apartment complexes, townships, premium office spaces, multiplex cinemas, shopping malls, and land development. The company operates across India, with notable projects in Mumbai and surrounding regions. HDIL also actively participates in government-administered Slum Rehabilitation Authority (SRA) projects, offering development rights in exchange for redevelopment and replacement housing for displaced slum dwellers. Founded in 1996 and headquartered in Mumbai, HDIL has constructed over 100 million square feet and rehabilitated approximately 30,000 families. In recent major developments within the last two years, HDIL has been undergoing a Corporate Insolvency Resolution Process (CIRP) due to financial distress. The National Company Law Tribunal (NCLT) approved resolution plans in mid-2025, allowing Adani Properties to acquire key assets of HDIL, including the Inspire BKC commercial project in Mumbai’s Bandra-Kurla Complex and a land parcel in Shahad, Thane district. These acquisitions signify a strategic shift and partial asset divestment while maintaining ongoing obligations under existing Slum Rehabilitation Authority agreements. The resolution process also involved streamlining HDIL’s operations into verticals to facilitate the insolvency proceedings and asset sales. HDIL’s business segments encompass residential developments targeting middle-class housing; commercial projects providing office spaces and entertainment venues; retail assets such as shopping malls; slum rehabilitation as part of social government mandates; and land development. The company also ventured into special economic zone (SEZ) development and diversified into related sectors such as the energy and hospitality industries. This diversification caters to a broad customer base ranging from affordable housing seekers to premium commercial clients. The company’s recent restructuring under insolvency proceedings and asset acquisitions by Adani Properties mark significant strategic changes. These actions position HDIL within a narrower operational scope focused on resolving existing financial liabilities while preserving operational responsibilities tied to its slum rehabilitation contracts. HDIL remains a recognized name in the Indian real estate sector with a longstanding presence and comprehensive offerings spanning multiple real estate verticals. Housing Development and Infrastructure Limited operates principally in India, headquartered in Mumbai, Maharashtra, with a history dating back to 1996. Its subsidiaries or affiliated entities are involved in execution of its various projects, including collaborations with government agencies for rehabilitation and infrastructure development. The company’s core focus remains on real estate development, infrastructure, and associated social rehabilitation projects. This description reflects HDIL’s product offerings, historical footprint, and latest corporate developments related to insolvency resolution and asset acquisition by Adani Properties as of 2025.