HDB Financial Services Limited (HDBFS) is a leading Mumbai based NBFC, offering a wide array of financial products and services. It is a subsidiary of HDFC Bank, one of India’s largest private sector banks. Established in 2007, HDBFS has rapidly grown to become a significant player in the Indian financial services sector, known for its customer-centric approach and robust financial solutions. HDBFS operates on a diversified business model, offering secured and unsecured loans, asset financing, and insurance services. The company leverages its extensive distribution network, strong parentage, and advanced technology platforms to deliver seamless and efficient financial services. HDBFS focuses on both retail and corporate clients, ensuring a balanced and comprehensive approach to financial inclusion. According to a recent RBI regulation, HDBFS, an 'upper layer' NBFC must publicly list its shares by September 2025. Hence, the company is preparing for a highly anticipated IPO which is expected to take place either in the last quarter of 2024 or the first quarter of 2025. HDFC Bank plans to divest a 10% stake through the IPO, potentially raising between ₹7,500 crore to ₹10,000 crore.