mumbai wadhawan global capital which has dewan housing finance dhfl as its flagship brand is set to launch its general insurance business in the third quarter of the current fiscal dhfl general insurance which in may this year received the regulatory nod to start operations recently appointed vijay sinha to head the venture during the postresults interaction with the media kapil wadhawan cmd dhfl told toi that the group was on track to launch its general insurance business in a few monthson friday dhfl reported a 29 rise in net profit for the quarter ended june 2017 to rs 260 crore compared to rs 201 crore during the same period of the previous year the housing finance company which primarily caters to the mid and low income borrowers said its total income for q1fy17 was up 23 to rs 2408 crore from rs 1956 crore a year earlierdhfls loan book outstanding at the end of the quarter was at rs 76225 crore up 20 on an annual basis and the company is now eyeing the rs 1 lakh crore mark wadhawan said