HINDUJA LEYLAND FINANCE LIMITED
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 in the calendar year 2010. 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 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 December 31, 2015, our operations included 317 branch offices and 1,550 business locations spread across 22 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 Census 2001 conducted by the Census Organization of India. 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.