Overview

Hinduja Leyland Finance (HLF), described as one of India’s leading vehicle‑finance non‑bank financial companies (NBFCs), announced that it is preparing a reverse‑merger listing in 2026. The company is backed by the Hinduja Group, which operates across ten industry verticals in 100 countries, and by Ashok Leyland, together holding approximately 73% of HLF’s equity.

Corporate Foundations and Licensing

HLF obtained its NBFC licence in March 2010. As of 31 March 2026, the consolidated assets under management (AUM) stood at roughly ₹75,468 crore. Vehicle loans and construction‑equipment financing together represent about 52% of the consolidated portfolio, positioning HLF among the larger players in India’s vehicle‑finance segment.

Credit Ratings

The firm holds long‑term credit ratings of CARE AA+ (Stable) and CRISIL AA+ (Stable). Its short‑term ratings are CARE A1+ and CRISIL A1+.

Growth Metrics (FY14‑FY26)

  • AUM has grown at a compound annual growth rate (CAGR) of 27%.
  • Profit after tax (PAT) has expanded at a CAGR of 22%.
  • Revenue has risen at a CAGR of 24%.
  • Disbursements have increased at a CAGR of 24%.
  • The loan book has expanded at a 27% CAGR.

Financial Highlights (FY21‑FY26)

  • Total revenue increased from ₹3,053 crore in FY21 to ₹8,125 crore in FY26.
  • Total assets grew from ₹24,240 crore in FY21 to ₹72,126 crore in FY26.
  • The portfolio composition is 71% asset finance and 21% housing finance.
  • The company operates through more than 1,750 locations across India, continuously strengthening its presence in the expanding credit market.

Hinduja Housing Finance (Subsidiary)

Hinduja Housing Finance, a subsidiary of HLF, is scaling rapidly with a focus on affordable and retail housing loans. Ticket sizes range from INR 5 lakh to INR 50 lakh for residential properties. The subsidiary follows a cost‑efficient model that leverages the parent’s branch network via a hub‑and‑spoke arrangement and maintains strong asset quality. Its housing‑portfolio CAGR is reported at 68%.

New Business Initiatives

HLF has launched the GRO digital platform and “Gaadi Mandi,” aimed at unlocking value across the vehicle‑ownership lifecycle.

Listing Intent

Backed by the Hinduja Group and Ashok Leyland, HLF is targeting a reverse‑merger listing later in 2026, positioning itself to capitalize on growth opportunities in India’s credit and vehicle‑finance markets.

Disclaimer

The material is provided for informational purposes only and does not constitute investment, tax, legal, accounting, or other professional advice. Readers should consult their own advisors before making any transaction or equity decision. The press release is distributed under an arrangement with PNN; PTI assumes no editorial responsibility.