Hero FinCorp Limited is an NBFC (Non-Banking Financial Company) with a variety of product portfolios. Incorporated in December 1991 as Hero Honda FinLease Limited; after the restructuring of the parent company Hero MotoCorp Limited (Formerly known as Hero Honda Motors Limited), led to the present form as Hero FinCorp Limited. The goal of the company is to help low-income people and make the dreams of Indian entrepreneurs and companies a reality. In the field of financial services, the company focuses on customers who are unable to obtain banking services for reasons such as a limited number of documents and limited reputation; it is regarded as a high-risk category by bank channels.
Hero FinCorp Limited has established a housing finance department with Hero Housing Finance Limited (Hero FinCorp Limited owns 100% of the shares) to meet housing needs and support the government's overall mission of providing housing for all. The Company provides a variety of other financial products consisting of used Car Financing, Loyalty Personal loans, Inventory Funding, Loan against Property, and Loans to SMEs and Emerging Corporates. Today, it has close to more than 4000 retail financing touch-points across Hero MotoCorp's network over more than 1900+ cities, towns and villages, and has partnered with over 3000 satisfied corporate clients.
Company products include:
Retail Loan, 2 Wheeler Loan, Used Car Loan, Personal Loan, Loyalty Loan, Digital loan, Simply Cash Instant loan, Corporate Loan Etc
Other Loans, HOME LOAN
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CIN of Hero FinCorp |
U74899DL1991PLC046774 |
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Registration Date of Hero FinCorp |
16 December, 1991 |
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Hero FinCorp Registered office and contact details |
Hero FinCorp Limited, 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi - 110 057 |
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Hero FinCorp Registrar & Transfer Agent Address and Contact Details |
Link Intime India Private Limited Noble Heights, 1st Floor, Plot NH 2, C-1 Block LSC, Near Savitri Market, Janakpuri, New Delhi - 110058 Tel: +91 11 4141 0592-94 |
Dr. Pawan Munjal, Chariman & Director
Mrs, Renu Munjal, Managing Director
Mr. Pradeep Dinodia, Director & business Lead
Mr. Abhimanyu Munjal, Managing Director & CEO
Mr. Vivek Chaand Sehgal, Chairman-SMG
Mr. Sanjay Kukreja, Director
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Name and Description of main products/services |
NIC Code of the Product/ service |
% to the total turnover of the company |
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NBFC (Financing Services) |
6492 |
98.55% |
Indian economy will continue its growth trajectory for FY-23 with major rating agencies and think tanks projecting a growth of 7-7.5% p.a. While being on a growth path, FY-23 has come up with its own set of challenges like surge in crude oil prices & commodity prices, soaring inflation & rising Geo-Political tensions. However, the momentum of economic activity & opportunities of growth has remained intact despite the aforesaid challenges. The economic growth will be driven by expected normal monsoon, continued vaccination drive, increase in public & private investment and continuous support by Government & RBI through favorable monetary and fiscal policy. 73 Board’s Report 31st Annual Report 2021-22 The Company combine with strong parentage, liquidity and clear business strategy is well equipped to take on opportunities for all line of businesses. Economic recovery and increased consumption will lead to rise in credit demand from across the spectrum of customers and will drive growth. HFCL is responsive to the changing landscape in the financial services industry. It is confidently better placed to overcome the new challenges and sustain its performance in a challenging environment.
