In a dramatic development that threatens to reshape India's cricket broadcasting landscape, Reliance Industries-controlled JioStar has formally notified the International Cricket Council (ICC) th...
A) Business Model of the Company Type: NBFC (Non-Banking Financial Company)Founded: 1991 as Hero Honda FinLease Ltd, rebranded in 2015Parent: Hero MotoCorp Ltd Primary Segments: Retail Lending (65.08% of AUM): Two-wheeler loans, personal loans, mortgage loans. MSME Lending (20.80% of AUM): Working capital, small business finance. Corporate & Institutional Finance (CIF): Struct...
Hero Fincorp, led by Abhimanyu Munjal, has reported an 80% increase in loan write-offs during the first three quarters of FY25, as per the company’s filings. The total write-offs widened to ₹2,180.9 crore, compared to ₹1,214.7 crore during the same period in FY24. Notably, the non-banking financial company (NBFC) sold over 2.95 lakh written-off loans, worth ₹1,874.73 crore, for a mere ₹49.85...
Hero FinCorp, a renowned non-banking finance company (NBFC) in India, announces a significant partnership with the Delhi Capitals Indian Premier League (IPL) Team, marking a milestone for both organizations. This collaboration heralds an era characterized by innovation, empowerment, and excellence in cricket. The timing of this announcement coincides with Hero FinCorp's recent unveiling of its re...
Hero FinCorp, headquartered in New Delhi, is targeting a net profit of Rs 1,000 crore in the fiscal year 2024-25, representing a 30 percent year-on-year increase, according to Abhimanyu Munjal, the NBFC's Joint Managing Director and Chief Executive Officer, as reported on March 5. Munjal noted, "For the April-December period, we recorded a profit after tax (PAT) of Rs 736 crore, marking a signifi...
Introduction: The Indian financial landscape is abuzz with the imminent IPO of Hero FinCorp, the finance arm of the iconic two-wheeler manufacturer, Hero MotoCorp. With talks about raising a massive Rs. 4,000 crore, this move is set to make waves in the industry. Ownership Dynamics The ownership blend of Hero FinCorp is both intriguing and balanced. With Hero MotoCorp boasting a 40% stake and the...
Hero Fincorp Limited, one of India's leading Non-Banking Financial Companies (NBFCs), has announced its financial results for the financial year 2022-23. The results indicate a solid recovery from the loss of INR 192 crore in the previous year, with the company reporting a net profit of INR 480 crore. Let's take a closer look at the company's FY23 results. Net Interest Income (NII) and Total Reven...
Cashinvoice, a digital supply chain finance platform, has collaborated with Hero Fincorp to provide financing solutions to a pool of micro, small, and medium-sized enterprises (MSMEs). The aim of the collaboration is to cater the supply chain finance offerings and address the issue of liquidity for MSMEs. Hero Fincorp's strong Capital base and Chashinvoice technological expertise combined tog...
Hero Fincorp Limited has announced its standalone quarterly results for quarter ended December 31, 2022. As per the results, in Q3FY23, the total revenue from operations of the Company has increased 35% to Rs. 1562 crore as against Rs. 1151 crore for the same period previous financial year. The Profit Before Tax of the Company has increased 36% to Rs. 245 crore as against Rs. 180 crore for the sam...
Hero Fincorp eyes IPO after raising funds from associate concerns and others Hero Fincorp, the finance arm of two-wheeler major Hero Motocorp, is eying to float its initial public offering (IPO) soon as the company successfully completed a funding round of Rs 2,000 crore recently. Hero MotoCorp, its sister concern and US based private equity major Apollo Management participated in the latest fund...
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