HDB Financial Services Limited

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About the Company

Founded in 2007, HDB Financial Services is a subsidiary of HDFC Bank. It operates as a non-banking financial company (NBFC) that provides a mix of secured and unsecured loans across different customer groups. It offers its financial products in three main areas: Enterprise Lending (39.85%): It provides secured and unsecured loans to micro, small, and medium enterprises (MSMEs) to help them grow their businesses and meet working capital needs. Asset Finance (37.36%): Offering secured loans for income-generating assets like commercial vehicles, construction equipment, and tractors, mainly serving customers in the transportation and heavy machinery sectors. Consumer Finance (22.79%): Provides both secured and unsecured loans for consumer goods, digital products, vehicles, and personal expenses, meeting the lifestyle and financial needs of individual customers. As of September 30, 2024, HDB Financial Services has 1,772 branches across 31 states and union territories, with over 80% located outside major metropolitan areas. The extensive distribution network is strengthened by partnerships with over 80 brands, original equipment manufacturers (OEMs), and more than 140,000 retailers and dealer touchpoints across India. Discuss on Trading Q&A