Hero FinCorp Limited (HFCL) was established in 1991 as Hero Honda
FinLease Limited, but its name was changed to Hero FinCorp Limited
due to a change in ownership of its parent, Hero MotoCorp Limited
(Formerly known as Hero Honda Motors Limited). HFCL is a financial
services company that provides lending, leasing, bill discounting,
and other financial services. Hero Housing Finance Limited, a
wholly-owned subsidiary of HFCL, is in the business of offering
housing loans. By 2020, HFCL's retail company will have 938
dealerships and services will be available at over 4000 touch points
in over 1900 cities, towns, and villages. HFCL’s loan against
Property, SME and Emerging Corporate Business is operating out of 50
locations on the non-retail segment and processes more than 800
applications every month.
Subsidiary of Hero-Fin Corp:
Hero Housing Finance Limited (“HHFL”) is the Company's only
wholly-owned subsidiary. HHFL began lending operations in April of
this year. It is an all-in-one housing finance company that offers
customers hassle-free home loans throughout India, as well as the
following products: I Home Loans, (ii) Land Loans, and so on.