Urban Company Partners with HDFC Pension for NPS Access
Filing Summary
Urban Company Limited has partnered with HDFC Pension Fund Management Ltd to introduce the National Pension System (NPS) Platform Workers Model for over 50,000 service professionals. This collaboration allows these professionals to voluntarily enroll in the NPS, providing them with structured retirement planning options. The initiative, announced on January 28, 2026, aims to offer simplified access to retirement savings regulated by the Pension Fund Regulatory and Development Authority. HDFC Pension will manage the pension contributions, while Urban Company will facilitate awareness and access to the program.
Urban Company Limited has announced a collaboration with HDFC Pension Fund Management Ltd to introduce the National Pension System (NPS) Platform Workers Model for over 50,000 service professionals. This initiative, disclosed on January 28, 2026, allows service professionals on the Urban Company platform to voluntarily enroll in the NPS, a retirement savings scheme regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
The collaboration provides Urban Company’s service professionals with access to structured retirement planning. The professionals can choose their contribution amounts, enabling them to build a retirement corpus through small, regular contributions. The benefits can be received as a lump sum or as periodic payouts, such as monthly disbursements. The HDFC Pension NPS platform offers flexibility, including portability across platforms, and ensures a seamless digital experience for account management and long-term retirement planning.
HDFC Pension, as the first NPS Point of Presence (PoP) to partner with digital platform aggregators, will manage the pension contributions. Urban Company will facilitate awareness and access to the program across its platform service partner network. The digital integration between the partners enables smooth KYC processes and easy onboarding for service professionals.
The partnership aligns with the vision of providing long-term financial security to diverse sections of society. HDFC Pension has previously onboarded close to one lakh gig workers via the NPS Platform Workers’ model through multiple collaborations. This framework allows gig workers to make small, periodic contributions to build retirement savings, which can be withdrawn as a lump sum and pension upon retirement.
The initiative reflects the growing need to provide structured retirement solutions for gig and platform workers, a segment largely excluded from formal retirement planning. India’s platform workforce is projected to reach 23.5 million by 2030, highlighting the importance of expanding pension coverage and supporting long-term financial security for the gig economy.
HDFC Pension is a licensed Pension Fund appointed by the PFRDA to manage the pension corpus of citizens enrolled under the NPS. It is a wholly owned subsidiary of HDFC Life, focusing on delivering superior risk-adjusted returns and adhering to prudent investment norms. The company provides seamless service to individuals and corporate employees under the NPS scheme.
Urban Company is a technology-driven platform connecting customers with trusted professionals for home and beauty services. The company focuses on partner welfare, including skill development, insurance, access to credit, and income stability. Urban Company aims to create a sustainable and inclusive ecosystem for its service professionals.