# Hero FinCorp

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{{Short description|Indian financial institution}}
{{Multiple issues|
{{Unreliable sources|date=April 2025}}
{{Notability|1=Companies|date=November 2025}}
}}
{{DISPLAYTITLE:Hero FinCorp}}
{{Use Indian English|date=November 2015}}
{{Use dmy dates|date=November 2015}}
{{Infobox company
| name = Hero FinCorp Ltd
| logo = Hero_FinCorp_Logo.svg
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| image = 
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| native_name = 
| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. For multiple names in different languages, use {{lang|[code]|[name]}}. -->
| former_name = 
| type = 
| industry = [Financial services](/source/Financial_services)
| founded = <!-- if known: {{start date|YYYY|MM|DD}} in [city](/source/city), [country](/source/country) -->
| founder = <!-- or: | founders = -->
| hq_location = 
| hq_location_city = [New Delhi](/source/New_Delhi)
| hq_location_country = [India](/source/India)
| area_served = <!-- or: | areas_served = -->
| key_people = Abhimanyu Munjal, CEO
| products = Two Wheeler Loans <br /> Loan Against Property <br /> SME & Commercial Loans
| brands = 
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| owner = <!-- or: | owners = -->
| ratio = <!-- for BANKS ONLY -->
| rating = AA+ / Stable ([CRISIL](/source/CRISIL)<ref>[http://www.crisil.com/ratings/company_fact_sheet.jsp?ID=HEROHON "CRISIL Rating of Hero FinCorp Ltd."]{{Dead link|date=December 2025 |bot=InternetArchiveBot }} ''CRISIL Rating''. Retrieved 2015-11-10.</ref> and [ICRA](/source/ICRA_Limited)<ref>[http://www.icra.in/search.aspx?word=hero "ICRA Rating - Hero FinCorp Ltd."] ''ICRA Rating''. Retrieved 2015-11-10.</ref>)
| website = {{url|https://www.herofincorp.com|herofincorp.com}}
}}
'''Hero FinCorp''' is an Indian [non-banking financial company](/source/non-banking_financial_company) (NBFC) and an associate company of [Hero MotoCorp](/source/Hero_MotoCorp). It provides consumer finance services, including financing for Hero MotoCorp vehicles and loans against property. It is also engaged in commercial lending, such as [working capital](/source/working_capital) loans and machinery loans.

== History ==
thumb|Previous logo
The company was launched in 1992 as Hero Honda Finlease Ltd by extending working capital loans and medium-term finance to component suppliers and dealers of parent firm Hero MotoCorp, then called Hero Honda Motors Ltd.<ref>[https://web.archive.org/web/20130504110644/http://articles.economictimes.indiatimes.com/2013-05-02/news/38983751_1_dealers-hmcl-hero-motocorp "Hero FinCorp forays into retail financing"] ''[Economic Times](/source/The_Economic_Times)'', Mumbai, 03 May 2013. Retrieved on 06 November 2015.</ref>

In 2011, as Hero Honda Motors was restructured, the company was renamed Hero FinCorp and acquired its present form. By April 2013, the company began giving two-wheelers loans to customers. In 2014, it ventured into loans against property, loans for small and medium enterprises and commercial loans.<ref name=":0" />

In September 2016, Hero FinCorp raised about {{INR}}1,002 crore, out of which {{INR}}702 crore was raised from ChrysCapital and [Credit Suisse](/source/Credit_Suisse), while the remaining {{INR}}300 crore was raised from the Hero Group.<ref>{{Cite news|url=http://www.livemint.com/Companies/g7MXyNOnPjvBltmpnxPVhM/Hero-FinCorp-raises-Rs1000-crore-to-expand-and-diversify-bu.html|title=Hero FinCorp raises Rs1,000 crore from ChrysCapital, others|last=Paladhi|first=Arijit|date=2016-09-15|work=livemint.com/|access-date=2017-05-24}}</ref> ChrysCapital acquired an 11% stake in Hero FinCorp while Credit Suisse obtained around 2.5%, valuing the company around {{INR}}5,200 crore.<ref>{{Cite news|url=https://www.vccircle.com/hero-fincorp-raises-105-mn-chyrscapital-credit-suisse/|title=Hero FinCorp raises $105 mn from ChyrsCapital, Credit Suisse|date=2016-09-19|work=VCCircle|access-date=2017-05-24|language=en-US}}</ref>

== Services ==

Hero FinCorp provides financing for purchase of Hero MotoCorp two wheelers.<ref name=":0">[http://www.livemint.com/Companies/1VEFsrklOQSYfs3X9lFHyO/Hero-FinCorp-plans-minority-stake-sale-to-raise-100-million.html "Hero FinCorp Ltd."] ''Livemint''. Retrieved 2015-11-06.</ref> It also provides financing options for its existing customers who have availed loans to purchase two-wheelers from Hero MotoCorp. The company later started financing of used cars.<ref>{{Cite web|url=http://auto.economictimes.indiatimes.com/news/aftermarket/cardekho-hero-fincorp-to-bring-innovative-loan-offers-on-used-cars/60827398|title = CarDekho, Hero FinCorp to bring innovative loan offers on used cars - ET Auto}}</ref> 

The company provides loans against property to corporates, partnership firms and self-employed individuals.{{Citation needed|date=June 2022}}

In early 2020, the company launched SimplyCash app and entered the instant cash loan segment.<ref>{{Cite web|url=https://in.finance.yahoo.com/news/indias-millennials-spending-more-responsibly-073642677.html|title=Yahoo Search - Web Search}}</ref><ref>{{cite web| url = https://www.prnewswire.com/in/news-releases/india-s-millennials-are-spending-more-responsibly-borrowed-most-for-home-repair-amp-medical-emergencies-824525589.html| title = India's millennials are spending more responsibly; borrowed most for home repair & medical emergencies}} </ref><ref>{{Cite web|url=http://www.businessworld.in/article/India-s-millennials-spending-more-responsibly-borrowed-most-for-home-repair-medical-emergencies/17-02-2021-378542/|title=India's millennials spending more responsibly; borrowed most for home repair, medical emergencies}}</ref><ref>{{Cite web|url=https://www.indiatoday.in/pr-newswire?rkey=20210217EN82213&filter=4315|title = PR Newswire}}</ref>

== References ==
{{Reflist|2}}

== External links ==
* [https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31230537 Hero FinCorp] at [Bloomberg](/source/Bloomberg_L.P.)
* News on [http://www.livemint.com/Search/Link/Keyword/Hero%20Fincorp Hero FinCorp] at [Mint](/source/Livemint)
{{Financial services in India}}

Category:Financial services companies of India
Category:Financial services companies established in 1991
Category:1991 establishments in Delhi
Category:Companies based in Delhi
Category:Hero Group
Category:Indian companies established in 1991

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Adapted from the Wikipedia article [Hero FinCorp](https://en.wikipedia.org/wiki/Hero_FinCorp) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Hero_FinCorp?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.