Addressing shareholders here today, DHFL chairman and MD Rajesh Kumar Wadhawan said the company has engaged the PriceWaterhouse Coopers to redesign and restructure the business process. The company has maintained a non performing assets level of 0.45 per cent of the total housing loans outstanding for the FY 1999-2000.

The sluggish market conditions in the real estate industry had resulted in the marginal increase in the disbursement figure. However, in the first quarter of fiscal 1999, there has been a 31 per cent rise in the housing loan disbursements, he said.

Kapil Wadhawan, executive director, said for the fiscal 1998, DHFL had recorded a net profit of Rs 11.99 crore and itstotal income was Rs 85 crore. During the last fiscal, the housing loan inward was Rs 115 crore and the total disbursements made were Rs 92 crore, The cumulative housing loan sanctioned and disbursed stood at Rs 778 crore and Rs 704 crore respectively.

The total income of the company has grown from Rs 80 crore to Rs 85 crore during the year ended March 1999. The company is now looking at insurance sector for a possible foray - as and when the government liberalises the industry.