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Hero FinCorp is an Indian Non-Banking Financial Company (NBFC) with diversified product Portfolio. The company was incorporated in 1991 as Hero Honda Finlease by extending working capital loans and medium-term finance to component suppliers and dealers of parent firm Hero MotoCorp, then called Hero Honda Motors Ltd. the restructuring of parent company Hero MotoCorp Limited, led to present form of company as Hero FinCorp Limited. They have established presence at over 3100 touch points spread across 1700 plus locations

The company is currently engaged in consumer finance businesses and commercial lending

Hero FinCorp Limited has set up a housing finance arm, namely, Hero Housing Finance Limited (wholly owned by Hero FinCorp Limited), to cater the housing needs and support in the government’s holistic mission of “Housing for All”. Hero Housing Finance Limited had commenced its operations in Q1 FY19 and has shown a tremendous growth and touched Loans of INR 556.75 crore during the first year of its operation itself in FY19. The Company had an excellent year aided by strong volume growth across lines of business. During FY 2018-19, the Company had taken various measures to strengthen its business model and continue its growth momentum such as launching of various new products and variants.

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Board of Directors:

Particulars Designation
Abhimanyu Munjal MD & CEO
Jayesh Jain CFO

Financial Highlights:

  • The total revenue has shown an impressive growth of 47%,
  • Profit before tax (PBT) increased by 92%,
  • Profit after tax (PAT) registered an increase of 84%.
  • ROE is 6.74% for the year 2019-18
  • PAT margin is 9.75% for year ended 2019-18
  • Company has been able to maintain a Capital Adequacy Ratio (CAR) of 19.30% as on March 31, 2019.
  • Dividend paid is 42.50% for the year 2018-19.
  • CRISIL and ICRA has assigned AA+ rating for the Company’s financial instruments.

Financial Highlights:

PARTICULARS 2019 2018
Revenue (Rs. in Crores) 2,518.47 1,694.51
PAT (Rs. in Crores) 391.04 212.36
EPS 245.75 142.93
Equity (Rs In Cr.) 23.78 15.32
Book Value 321 228
Face Value 10.00 10.00
NPM (%) 9.75% 8.43%

Shareholding Pattern:

Particulars %
Hero MotoCorp Limited 41.18
Bahadur Chand Investments Private Limited 20.33
Hero Investcorp Private Limited 2.88
Otter Limited 10.56
Credit Suisse (Singapore) Limited 2.42
Promoters Group 2.9
Others 19.73

Products / Services

Retail Loan

Two Wheeler Loans

Hero FinCorp provides financing for purchase of Hero MotoCorp two wheelers. have service over 3.5 million two-wheeler happy customers as on March 31, 2019; an amazing achievement within a short span of less than 5 years. A total of over 12 Lakh of two wheeler loans were disbursed in the last financial year (8.6 Lakh in FY18) amounting to a total active customer baseof around 2.3 Million and an asset book of approx. INR 5,971 Crore.

Used Car Finance

The company has recently started financing of used cars for both salaried and self-employed individuals. The company offers customizable tenures and payment options.

Leading auto portal, CarDekho.com has partnered with Hero FinCorp, a leading non-banking financial company, to bring comprehensive financing options to its used car buyers

 

Retail Loan

 Loyalty Customer Personal Loans

Hero FinCorp provides financing options for its existing customers who have availed loans to purchase two wheelers from Hero MotoCorp. Customers with good track record of repayment are offered a Top up Loan, called Loyalty Personal Loan (LPL). Fulfillment through the diverse dealership network of Hero MotoCorp combined with wide front office network of CAMS is enabled.

 Loan Against Property

The company provides loans against property to corporate, partnership firms and self-employed individuals for up to 15 years with customizable interest rates.

SME & Commercial Loans

Bill Discounting, Working Capital Term Loan, Working Capital Demand Loan, Term Loan, Project Finance, Acquisition Financing, Machine Term Loan, Medical Equipment Financing ,Commerce Dealer Financing

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