Hinduja Leyland Finance Ltd
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.