COMPANY SNAPSHOT

Hero FinCorp is a major NBFC with deep ties to Hero MotoCorp and strong coverage across India. Its diversified loan portfolio—from vehicle finance to SME and housing—is balanced with expanding digital initiatives.

Founded: December 1991 as Hero Honda FinLease Ltd; rebranded to Hero FinCorp in 2011 after Hero–Honda separation .

Headquarters: New Delhi, India

Leadership: Abhimanyu Munjal serves as MD & CEO, continuing expansion efforts .

Parentage: Associate of Hero MotoCorp with significant PE backing from ChrysCapital, Credit Suisse, Apis Growth, Otter, etc.

Business Lines

Primary Focus: Two-wheeler financing (Hero vehicles), along with used vehicle, personal, SME, home, and LAP loans

Subsidiary: Hero Housing Finance launched in 2017; backed by injection of ₹200 cr and rapid disbursements

Retail Footprint: ~2,000 Hero MotoCorp finance touchpoints; presence in 4,000+ towns .

Digital Push: Introduced 'SimplyCash' instant loan app; launched electric vehicle financing in 2023 .

INDUSTRY OUTLOOK

Market Size & Growth Outlook

The Indian NBFC sector has grown rapidly, contributing ~20–25% of total credit in India.

As per ICRA and CRISIL, NBFCs are projected to grow at 13–15% CAGR in FY25 and FY26, reaching ₹60 lakh crore AUM by FY26.

Retail-focused NBFCs (consumer finance, gold loans, vehicle loans) are expected to outperform corporate lenders.

Key Growth Drivers

Rural & Semi-Urban Demand: Credit demand remains high in tier 2–4 cities, especially for two-wheeler, gold, personal, and MSME loans.

Digital Lending Surge: NBFCs are leveraging tech for faster disbursement, underwriting, and servicing via mobile apps and AI-driven analytics.

Electric Vehicle (EV) Financing: Increasing traction in EV loans is creating new revenue streams.\

Peer Comparison

Summary

India’s NBFC sector remains resilient and integral to last-mile credit delivery, especially in underbanked segments.

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