IPO Details

About Company

HDB Financial Services, a subsidiary of HDFC Bank, was founded in 2007 and operates as a non-banking financial company (NBFC). It offers a variety of secured and unsecured loans to different customer segments. The company's financial products are divided into three main categories: - Enterprise lending, accounting for 39.85 percent of its portfolio, provides secured and unsecured loans to micro, small, and medium enterprises (MSMEs) to support business growth and meet working capital needs. - Asset finance, making up 37.36 percent of its business, includes secured loans for income-generating assets such as commercial vehicles, construction equipment, and tractors, primarily serving the transportation and heavy machinery industries. - Consumer finance represents 22.79 percent of its operations, offering both secured and unsecured loans for consumer goods, digital products, vehicles, and personal expenses, catering to individual financial and lifestyle needs. As of September 30, 2024, HDB Financial Services operates 1,772 branches across 31 states and union territories, with more than 80 percent of them located outside major metropolitan areas. Its widespread distribution network is further strengthened by partnerships with over 80 brands, original equipment manufacturers (OEMs), and more than 140,000 retailers and dealer touchpoints across India.