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This is followed by the last chapter which analyses HDFC from a strategic management point of view.
The source of information is Internet and cases from Harvard on HDFC.
2. Inception and Philosophy
2.1. Conception, Business Risks and Equity Capital
H.T. Parekh conceived the idea for HDFC (Housing Development Finance Corporation) when he was a student at the London School of Economics in the 1930’s. The inspiration for such an idea came from Britain’s building societies and he envisioned something similar for India. However it took almost 50 years to pursue his dream and founded HDFC in 1977...
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