ABOUT US
Hinduja Leyland Finance Ltd (HLF) was
incorporated on November 12, 2008. Pursuant to a certificate
issued by the Reserve Bank of India ("RBI") on
March 22, 2010, our Company was permitted to commence
operations as a non-banking financial comapany ("NBFC")
under section 45 IA of the Reserve Bank of India Act, 1934. Our
Company was originally classified as a systemically important
non-deposit accepting non-banking financial company. Our
Company was subsequently granted the status of an NBFC-Asset
Finance Company by the RBI pursuant to a certificate of
registration received on May 12, 2014. We are one of India's
leading vehicle finance NBFCs (Source: ICRA - Retail NBFC and
HFC Credit Report, 2016) with a focus on urban and semi-urban
markets.
Through a vast network of branches, we finance a wide range of
commercial and personal vehicles, which include medium and
heavy commercial vehicles (“MHCVs”), light
commercial vehicles (“LCVs”), small commercial vehicles (“SCVs”),
cars, multi-utility vehicles, three wheelers, and two wheelers,
as well as various kinds of used vehicles.
Our vehicle finance business has a diversified customer base
comprising of first time buyers, captive users, retail
operators, strategic and large fleet owners, small truck owners
(“STOs”), and self-employed individuals, who
are largely based in urban and semi-urban locations.
We also finance tractors and construction equipment, and
provide loans against property (“LAP”). In
September 2015, we received a certificate to commence our
housing finance business through our wholly owned subsidiary,
Hinduja Housing Finance Limited, which focuses on providing
finance for affordable housing loans.
We are promoted by Ashok Leyland Limited
(“ALL”) and Hinduja Power Limited. We are a
part of the Hinduja
Group which is a diversified global business group with a
track record of growing business in several industries. We
leverage our relationship with ALL¸ which is the second largest
carrier in the MHCV segment in India (Source: IAI Report,
2015).
We have
established an expansive operational network within five years
of commencing operations. As of March 31, 2018, our
operations included 349 branch offices and 1,550 Business
Locations spread across 23 States and two Union Territories
across India. Out of our total 1,550 Business Locations we have
categorized 867 Business Locations as urban, 637 Business
Locations as semi-urban and 46 Business Locations as rural
based on the classification provided by the Census Organization
of India Report. In addition, as of March 31, 2018, we had 80
branches and 101 Business Locations from where we conduct our
housing finance activities.
We have
entered into preferred financier arrangements with various
motor vehicle OEMs to provide financing for their vehicles, and
work closely with their respective dealer network to provide
our vehicle finance products to their customer base.
The Promoter of our Company is Ashok
Leyland Limited (“ALL”). ALL was
incorporated as a public limited company on September 7,
1948, under the Companies Act, 1913, with the RoC as “Ashok
Leyland Limited”.
ALL’s principal business is the design,
development, manufacture and sale of a comprehensive
portfolio of commercial vehicle products with varying
capacities and applications to cater to different customer
segments. ALL manufactures and sells a complete range of
goods vehicles spanning medium and heavy duty trucks. ALL
also manufactures engines, gensets and spare parts and
various special application vehicles which are used to
provide logistics support to the Indian defence sector.
Through a strategic partnership, ALL also manufactures and
sells LCVs and a comprehensive range of city, inter-city,
special purpose buses and coaches.
To
grow our business on sound lines to create value for all
our stakeholders; viz: shareholders, customers, employees
and society as a whole.
Hinduja Leyland Finance
aspires to be :
- An organization
distinguished by :
- Its use of technology to extend
excellent customer service, standardize operating
processes at all branches and exercise rigorous risk
management practices across credit, operational and
market risks.
- Empowerment of its employees to
deliver consistently superior business results with
pride and sense of achievement.
- Sustainable practices and corporate
social responsibility aiming at financial inclusion.
- A forerunner in the market place in
terms of profitability, productivity and efficiency as
measured by ROA, ROE, NIM, Cost to Income Ratio and Net
NPAs.
HLF’s
goal is to be a one stop shop in the space of vehicle and
equipment finance. We envision us as the best in
class Non-Banking Finance Company in the chosen parameters
among the companies engaged in vehicle and equipment
financing. A preferred financier for all customers and
dealers. An institution where we act ethically,
honestly and with transparency in all our dealings, be it
with our employees, customers, shareholders, the community
we serve, Regulators and the Government.
HLF is governed by following values:
- Trust :
- To maintain a workplace
characterized by widespread belief in the integrity,
reliability, and ability of employees.
- Customer Service :
- To Consider and understand the
needs of the customer to facilitate the accomplishment
of common goals.
- Competence :
- To maintain a workplace
characterized by employees who have the skills and
training to do their jobs.
- Teamwork :
- To encourage the use of teams to
accomplish organizational goals and objectives.
- Quality :
- To promote an environment
characterized by employees with a passion for
excellence.
- Honesty :
- To always maintain the highest
standards of credibility, sincerity and
trustworthiness.
- Respect :
- To always treat people with the
highest level of regard and dignity, recognizing the
value of each individual.
- Accountability :
- To be responsible for and committed
to, the timely delivery of quality services and
solutions as individuals and teams..