Hero FinCorp is a leading non-banking financial company (NBFC) based in India and an associate company of Hero MotoCorp. The focus of the company is consumer and commercial lending. It has millions of customers and provides easy finance solutions to the customers, whether for two wheelers, a small business loan or a property-backed loan. Hero FinCorp is instrumental in bringing credit access to more parts of India.
Hero FinCorp – Quick Overview
| Particular | Details |
| Company Name | Hero FinCorp |
| Type | Non-Banking Financial Company (NBFC) |
| Industry | Financial Services |
| Founded | 1991 |
| Headquarters | New Delhi, India |
| Owner Group | Hero Group (Associate of Hero MotoCorp) |
| CEO | Abhimanyu Munjal |
| Products | Two-Wheeler Loans, Loan Against Property, SME & Commercial Loans |
| Credit Rating | AA+ / Stable (CRISIL, ICRA) |
| Official Website | herofincorp.com |
Net Worth and Market Cap
Hero FinCorp does not trade on the stock exchange, so it does not have a public market capitalisation. It is a privately held company that operates under the Hero Group. In 2016, major investors valued the company at around ₹5,200 crore when ChrysCapital and Credit Suisse purchased a minority stake in it.
Based on its steady loan growth, strong parent support and stable credit ratings by two credit agencies CRISIL and ICRA, experts estimate that the current net worth of Hero FinCorp is in the range of several thousand crores of rupees. The company is still adding to its loan book with retail and small business (SME) financing, which enhances its long-term value.
Corporate Leadership
Abhimanyu Munjal is the CEO of Hero FinCorp. He is a part of the Hero promoter family, he leads the company’s strategy and day to day. The Hero Group owns and controls the company, while investors from around the world such as ChrysCapital and Credit Suisse have minority ownership. The leadership team is focused on digital lending, customer reach, and risk control to keep their growth stable.
Overview of Services
Hero FinCorp offers a wide range of financial products for individuals and businesses. The company primarily offers loans to Hero MotoCorp two-wheelers, which help the customers to purchase bikes and scooters by taking easy EMIs. It is also providing financing to the used cars and personal needs through digital platforms.
For the business users, Hero FinCorp provides loans for SME and commercial loans such as working capital loans and machinery loans. It also makes loans against property that is available to self-employed individuals, firms, and corporations.
The company launched the SimplyCash app to serve its customers who are in need of instant short-term loans. Through physical branches and online, Hero FinCorp guarantees speedy approvals and flexible repayment. Its deep association with Hero Motors & Hero Motocorp and the fact that it focuses on retail and SME lending makes it a trusted name in the NBFC industry of India.
