HERO FINCORP LTD

COMPANY NAME HERO FINCORP LTD
NATURE OF BUSINESS FINANCIAL SERVICE
ISIN NO
INE957N01016
FACE VALUE Rs.10/-
PROMOTERS HERO GROUP
COMPANY WEBSITE www.herofincorp.com
herologo

Hero Fincorp is one of the leading financial services companies in India and is well-known for its strong performance and consistent growth. The company’s share price has been on a steady uptrend over the past few years, making it a very attractive investment option.

If you’re looking to invest in a company with a strong track record of growth and profitability, Hero Fincorp is definitely worth considering. With its shares currently trading at around Rs. 2,500, a small investment in this company could yield big returns in the future.

What is the Hero Fincorp Share Price?

The Hero Fincorp share price is the value of a share of stock in the company. It is important to know this value in order to make sound investment decisions.

The Hero Fincorp share price is an important metric for investors to track. The share price can give you an idea of how the company is performing and whether or not it is a good investment. You can find the Hero Fincorp share price by searching for it on a financial website like Yahoo Finance or Google Finance.

Has the Hero Fincorp Share Price Been Moving Up or Down?

The Hero Fincorp share price has been moving up and down over the past few months. This could be due to many factors, including the company’s performance, the overall market, or news events.

The Hero Fincorp share price has been volatile over the past few months. This could be due to many factors, including the company’s performance, the overall market conditions or news events. However, with the company’s strong fundamentals and positive outlook, investors may want to consider buying on dips.

What is the Reason for the Recent Price Movement?

There are many possible reasons for the recent price movement of the Hero Fincorp share price. Some of these reasons could be due to the company’s performance, news events, or the overall market.

The Hero Fincorp share price has seen a lot of movement in the last few days. There are many possible reasons for this, including the company’s performance, news events, or the overall market. However, it is difficult to say definitively what has caused the price movement.

How Can I Invest in the Hero Fincorp Stock Price?

You can invest in the Hero Fincorp stock price by purchasing shares of the company’s stock. This will allow you to participate in the company’s future performance.

If you’re looking to invest in a company with a strong future outlook, you may want to consider purchasing shares of Hero Fincorp. By doing so, you’ll be able to participate in the company’s future performance. Hero Fincorp is a leading provider of financial services in India, and its stock price has been on the rise in recent years. With a strong focus on customer service and innovative products, Hero Fincorp is well-positioned for continued growth.

By understanding the Hero Fincorp share price, you can make informed investment decisions. Stay tuned for future updates on the company’s performance.

Latest News

REVIEW OF BUSINESS AND OPERATIONS AND STATE OF AFFAIRS OF THE COMPANY

The Company is engaged in the business of finance and investments as a Non–Banking Financial

Company without accepting public deposits for which the certificate of registration has been

obtained from the Department of Non- Banking Supervision, Reserve Bank of India.

During the year under review, receivables under financing activity including leasing portfolio has

grown by 7% from Rs. 23,389 crore in FY 2019-20 to Rs. 25,121 crore in FY 2020-21.

 

The total income has shown a growth of 11% from Rs. 3,703 crore in FY 2019-20 to Rs. 4,092 crore in FY 2020-21.                                   

Hero FinCorp. Incorporated in December 1991 as Hero Honda Fin Lease Limited; the restructuring of our parent company Hero MotoCorp Limited, led to our present form as Hero FinCorp Limited.

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, and then called Hero Honda Motors Ltd.

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.Hero FinCorp provides financing for purchase of Hero MotoCorp two wheelers. The firm claims to have over 350,000 active two-wheeler customer loans in June 2015. It plans to be present in over 730 Hero MotoCorp dealerships by end of March 2016.

Hero FinCorp provides financing options for its existing customers who have availed loans to purchase two wheelers from Hero MotoCorp. Customers with good track record of repayment are offered a Top up Loan, called Loyalty Personal Loan (LPL). Fulfillment through the diverse dealership network of Hero MotoCorp combined with wide front office network of CAMS is enabled.Hero FinCorp (an associate company of Hero MotoCorp), is an Indian Non-Banking Financial Company (NBFC). The company is currently engaged in consumer finance businesses and commercial lending. Consumer Finance includes financing Hero MotoCorp Two Wheeler, Loyalty Customer Loans (top up loans for existing customers) and providing Loans against property.

The company has recently started financing of used cars for both salaried and self-employed individuals. The company offers customizable tenures and payment options. Leading auto portal, CarDekho.com has partnered with Hero FinCorp, a leading non-banking financial company; to bring comprehensive financing options to its used car buyersThe company provides loans against property to corporates, partnership firms and self-employed individuals for up to 15 years with customizable interest rates. Hero FinCorp recorded a turnover of Rs.298.62 crore in 2014-15. In September 2016, Hero FinCorp announced that they have risen about INR 1002 crore from internal as well as external sources.

Around INR 702 was raised from ChrysCapital, a private equity firm, and Credit Suisse, a Swiss financial services firm. The remaining INR 300 Crore, was raised from the Hero Group.ChrysCapital will take an 11% stake in Hero FinCorp while Credit Suisse will hold around 2.5%. This transaction had valued the company around INR 5,200 crore.

The funds will be deployed to help the company achieve its growth strategy over the next 12 to 18 months. The strategy entails entering new product segments, such as home loans and used two-wheeler loans and by further augmenting existing businesses, with special focus on used car finance, consumer durable and SME lending.In the year 2011 the company was renamed as Founder of Hero Fincorp Ltd. Is B.M.L. Munjal .HERO FINCORP LIMITED. The Equity infusion of Rs. 106cr in 2013 & 2014 equity infusion of312cr… The promoters of HERO FINCORP LTD. Is PawanMunjal, ReenuMunjal & AbhimanyuMunjal

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