- Company Overview
- Mission & Vision
- Board of Directors
- Management Team
Hinduja Leyland Finance Ltd (HLF) was incorporated in the year 2008 and is registered as a non-deposit taking NBFC with Reserve Bank of India. It is one of India’s leading non-banking finance companies spread across 19 states pan-India. Through a vast network of branches, it provides customized finance for the widest range of utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector.
Hinduja Leyland finance is a conglomerate of "HINDUJA GROUP" which has global presence in Automobiles, Energy & Chemicals, IT/ITES, Banking and Finance, Media/Entertainment and Infrastructure.
HLF aims to enable people fulfill their ambition of owning their own vehicle. We think of ourselves, not as a simple loan provider, but as a partner in your quest to fulfill your biggest ambitions in life and in business. We offer an exhaustive suite of vehicle financial solutions –Commercial vehicle finance, Personal Vehicle finance, Construction Equipment Finance, Rural finance loans etc. What’s unique with our business model is that, we provide an easy-to-use loan calculator with which one can decide on the tenure, interest rate and the loan amount that best suits you.
HLF’s goal is to be a one stop shop in the space of vehicle and equipment finance.
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 :
- 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.
- 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.
- 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.
- 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.
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.
HLF is into commercial vehicle loan financing business. We offer a wide range of products to suit the customer need’s at affordable cost. HLF has 430 branches as on date spread across 19 states in India.
HLF put in place a process which is evolved on the principle laid down here in, our enterprise solution seeks to provide a comprehensive understanding of the business process governing the financing of vehicles. Underlying theme or the objective of this application is to enable even a new entrant to the business to understand business risks, his role and the role of other participants in the process. Every activity underscores in its process the role of the maker, checker and reviewer.
In order to minimize the time taken for review by three layers in every process, we have, through technology, achieved reduced / minimum flow of documents physically. In many of the processes the checkers role is embedded in the validation mode in the system so that there is no physical verification is necessary for ensuring accuracy.
The following process is has been embedded in our business process to strengthen our operations by minimizing risks :
This is the exclusivity feature in HLF business activity. The purpose of this feature is to track multiple loans to the same customer across products.
- Credit Scoring
In our business process we have developed credit scoring module that would match with our business needs. We decide customers’ loan eligible amount by using this feature. We have configured the questions for credit scoring and the score corresponding to those questions in a way that it can be changed based on our operational requirements.
- Integrated accounting
We have inbuilt accounting module to track all the accounting entries. We have used CGAP standards to build this module. Our accounting module is strongly integrated with both operational and financial modules. This builds transparency and accountability in the business-flow.
All the reports are generated real time so that in case of any discrepancy there can be early rectification. We have an internal team who closely monitors the reports on real-time and do necessary follow-ups from the field and this is one of the ways we minimize risk in our business.
The core strengths of our business are :
- Wide network / huge customer base :
Our operations are spread across India. Currently we operate in 19 states with more than 400 branches.
- Low / Minimal documentation norms :
The KYC and other required documents are very minimal
- Customized products :
We have customized our products based on customer needs
- Fast Loan Processing :
The turn-around time is less than 48 hrs after receiving the application.
- Flexible repayment modes :
We have given customers the flexibility to choose the mode of payment based on their choice.
- Excellent Relationship with dealers :
We hold excellent relationship with all the dealers and are preferred financers for most of them.
Within no time of starting operations Hinduja Leyland Finance has become a leading player in vehicle loan financing segment across India. Presented below are some of the significant milestones in the Company’s journey towards excellence and leadership.
Board of Directors
Mr. R Seshasayee (Chairman)
Experience (Financial Services) - Over 20 years Director in the board of ALF.Currently Chairman of Indusland bank ltd, director in the board of ICICI Ltd for over 7 years
Experience (Others) - Currently Vice Chairman of Ashok Leyland Also has been Managing Director of Ashok Leyland for 13 years
Mr. S Nagarajan (Managing Director)
Experience (Financial Services) - 15 years Managing Director of ALF, which was merged with Induslnd Bank Ltd in 2004. Over 3 Years as joint managing director of Induslnd Bank Ltd
Mr. Dheeraj G Hinduja (Director)
Experience - Chairman of Ashok Leyland Ltd. since December 2010, Co-Chairman of Hinduja Foundries Ltd. Director of Hinduja Global Solutions Ltd., Hinduja TMT Ltd. and Hinduja Automotive Ltd. Also serves as Non-Executive Director of Hinduja Ventures Ltd.
Mr. Soloman Raj (Director)
Experience (Financial Services) - 37 years of service with State Bank of India and retired as Deputy Managing Director. Director in Patterson Securities Private Ltd,
Mr. R Sundaraman (Director)
Experience (Financial Services) - 38 years of service with State Bank of India and retired as Deputy Managing Director. Was Independent Director in Induslnd Bank Ltd till Oct 2010 and also was board member of Bangalore Stock Exchange Ltd till Oct 2001.
Mr. Anil Harish (Director)
Experience - More than two decades of experience with companies such as Unitech Ltd, Hotel Leela Venture Ltd, Pantaloon Retail (India) Ltd, Hinduja Ventures Ltd, Hinduja Global Solutions Ltd, Ashok Leyland Ltd, Oberoi Realty Ltd, Mukta Arts Ltd.
Mr. Y.M.Kale (Director)
Experience - Directorship with Oracle Financial Services Software, Ashok Leyland Ltd, Hinduja Foundries, IndusInd bank, ICICI Mutual Fund AMC, Hutchison Essar Ltd, former President of Institute of Chartered Accountants of India, Member of several committees appointed by Government, Regulatory bodies and Chambers of Commerce
Mr. Nagarajan, Managing Director
Mr. Nagarajan is the Managing Director of Hinduja Leyland Finance. In his role as Managing Director, he provides Hinduja Leyland Finance a strategic direction and leads the team towards achieving rapid growth and profitability. He focuses on long term sustainability while being nimble footed and using the multi-faceted regulatory environment to business advantage
Mr. Sachin Pillai, COO
Mr. Sachin Pillai is the Chief Operating Officer of Hinduja Leyland Finance. He is responsible for establishing and implementing systems to execute the organization’s strategic plan and serves as a thought partner to the MD on issues relating to business development, including identifying the best avenues for development, market opportunities, and forecasting data to drive decision-making around business development.
Mr. Vijaya Kumar, EVP – Business & Operations
Mr. Vijaya Kumar is Executive Vice-president of Hinduja Leyland Finance. He is responsible for leveraging and strengthening corporate relationships, team building and maintaining quality portfolio.
Mr. Ganesh, Head – Credit
Mr. J Ganesh is Head – Credit for Hinduja Leyland Finance. He is formulating and administering Credit Policies for different products to mitigate the inherent Credit Risks and in ensuring compliance to Operational Risk. He shall be responsible for designing and implementation of Processes, KYC Policies and Fair Practice Code for the Company.
HLF firmly believes that technology is one of the key enablers for scaling business. HLF has developed a robust Enterprise Resource Planning (ERP) system internally to track the data real-time. The integrated technology platform that HLF has adopted would enable all the branches to send data online daily to a centralized server for consolidation and analysis. This has been helping HLF increase its operational efficiency and employee productivity, which in turn is assisting minimize risk. It also provides timely decision support to the management and ensures strict monitoring controls. The key factors that have influenced HLF’s investment in technology are flexibility, scalability and interfacing capabilities of the technical solution.
One of the unique features of HLF’s ERP is the option of configuring various products in the same system. We have developed our ERP in a way that it has an appetite to accept ‘n’ number of products. This way we minimize cost of development and also help in strengthening our de-dupe function.