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Current company Hero FinCorp
Financial Services · 8.5K employees · Founded 1991 · New Delhi, Delhi, India
Hero FinCorp is an Indian non-banking financial company (NBFC) and an associate of Hero MotoCorp, a leading two-wheeler manufacturer. Established in 1991, the company initially focused on providing working capital loans to suppliers and dealers of Hero MotoCorp. It was renamed Hero FinCorp in 2011 and has since diversified its offerings.
The company provides a range of financial services, including consumer finance for purchasing Hero MotoCorp two-wheelers, loans against property, used car financing, and instant cash loans through its SimplyCash app. In the commercial lending sector, Hero FinCorp offers working capital loans, machinery and equipment loans, and financing for high-growth companies. With over 5 million active customers and a strong distribution network of over 2,000 retail touchpoints across 4,000 cities, Hero FinCorp is committed to enhancing financial inclusion, particularly in rural areas. The company holds an AA+ credit rating, allowing it to maintain a competitive cost of funds.