Hiranandani Financial Services
Hiranandani Financial Services is a Mumbai-based RBI-registered NBFC, backed by the House of Hiranandani, that provides secured business, working capital, MSME equipment, and commercial property loans of up to Rs 1 crore to micro, small and medium enterprises across India through a 149-branch hybrid physical-digital lending network.
- Company typePublic
- Founded2017
- HeadquartersMumbai, India
- Headcount251–500
- GTM typeB2B
- OfferingServices
What Hiranandani Financial Services does
Hiranandani Financial Services Private Limited (HFS) is a Mumbai-headquartered, RBI-registered non-banking financial company (NBFC) incorporated in 2017 and backed by the House of Hiranandani conglomerate. The company provides secured loans of up to Rs 1 crore to micro, small and medium enterprises (MSMEs) in India across four core product lines: Business Loans, Working Capital Loans, MSME Equipment and Machinery Loans, and Commercial Property Loans. Its target customers are MSMEs in manufacturing, retail, kirana stores, services, and trading verticals, including businesses that are underserved by traditional bank channels and require quick, collateral-backed working capital or expansion finance.
HFS operates a hybrid physical-digital lending model. Customer acquisition and relationship management run through a 149-branch network spread across nine Indian states (Andhra Pradesh, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Telangana, and Uttar Pradesh), where field-based relationship managers provide doorstep document collection and loan processing. Digital infrastructure overlays this branch network and includes RBI-regulated Account Aggregator integration for consent-based financial data sharing, eNACH/eSign-based paperless mandate authentication, an online application portal, and an EMI calculator. The company also functions as an IRDAI-registered corporate agent, distributing HDFC Life credit protection products and Zurich Kotak General Insurance group health and property products to its loan customers.
Revenue is generated primarily through interest income on secured MSME loan assets, supplemented by insurance distribution commissions. As of FY2026, HFS reported full-year sales of Rs 564.55 crore (up 31.24% YoY) and net profit of Rs 95.28 crore (up 44.74% YoY), with Q4 FY2026 standalone net profit of Rs 30.73 crore (up 67.65% YoY). In August 2025, the company raised Rs 800 crore from Vitruvian Partners in its first external funding round, ending FY2025 with approximately $320 million in assets under management, and subsequently listed non-convertible debentures on the Bombay Stock Exchange to access public debt capital markets.
Hiranandani Financial Services firmographics
Firmographics- Name
- Hiranandani Financial Services
- Legal name
- Hiranandani Financial Services Private Limited
- Website
- https://hfs.in
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Hiranandani Financial Services is a Mumbai-based RBI-registered NBFC, backed by the House of Hiranandani, that provides secured business, working capital, MSME equipment, and commercial property loans of up to Rs 1 crore to micro, small and medium enterprises across India through a 149-branch hybrid physical-digital lending network.
- Ownership category
- akta.pro rank
Hiranandani Financial Services industry classification
Industry- Product category
- Small Business Lending
- NAICS
- Finance and Insurance (52)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Merchant Cash Advance (MCA) & Revenue-Based Financing (FSAKAGAD)
Keywords
Where Hiranandani Financial Services is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices10 records
Markets served
Hiranandani Financial Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Loan Interest Income: HFS generates primary revenue through interest income on various loan products including business loans, working capital loans, MSME loans, and commercial property loans. The company provides secured loans up to Rs 1 crore against property/assets as well as collateral-free business loans to MSMEs.
- Insurance Distribution: HFS acts as a corporate agent (IRDAI Registration No: CA0887) distributing life insurance and general insurance products through partner relationships with HDFC Life and Zurich Kotak General Insurance.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Secured Business Loans up to Rs 1 Crore |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Hiranandani Financial Services product offering
Product offeringCore offering
Hiranandani Financial Services (HFS) is a non-banking financial company (NBFC) that provides secured business loans up to Rs 1 crore to micro, small, and medium enterprises (MSMEs) across India. Its core offerings include business loans, working capital loans, MSME loans for equipment and machinery, and commercial property loans, distributed through a hybrid model of 149 physical branches and digital underwriting technology across 9 states.
Product overview
Hiranandani Financial Services (HFS) operates as a new-age NBFC backed by the House of Hiranandani conglomerate, providing a suite of secured lending products to micro, small, and medium enterprises (MSMEs) in India. The core product portfolio consists of Business Loans, Working Capital Loans, MSME Loans (for equipment and machinery), and Commercial Property Loans, all offered as secured loans with property or asset collateral up to Rs 1 Crore. Supporting these lending products, HFS provides digital financial infrastructure including an Account Aggregator for consent-based financial data sharing with lenders, eNACH Mandate for automated EMI repayments, and an EMI Calculator for prospective borrowers. The company operates across 9 states with 149 branches, targeting MSMEs in manufacturing, retail, kirana, services, and trading sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Business Loans Provides additional funds to give businesses a boost for growth and operational needs. Targeted at micro, small, and medium enterprises across India.
- Working Capital Loans Capital intended to address daily business needs and operational expenses smoothly for MSMEs and small businesses.
- MSME Loans (Equipment and Machinery) Loans to help workshops and MSMEs upgrade equipment and machinery with cutting-edge technology. Targeted at manufacturing and small business units needing machinery financing.
- Commercial Property Loans Loans to help businesses purchase additional commercial premises and expand their venture, secured against commercial property assets.
- Secured Loans up to Rs 1 Crore Secured loans up to Rs 1 crore against property or assets, providing collateral-backed financing for businesses with lower interest rates compared to unsecured options. Includes doorstep document collection by relationship managers.
Quantifiable outcome
- Q4 FY2026 net profit grew 67.65% year-on-year to Rs 30.73 crore
- +2 more outcomes
Companies that use Hiranandani Financial Services
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles1 record
Hiranandani Financial Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Hiranandani Financial Services partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor and core.
- HDFC Life InsuranceminorHFS acts as a corporate agent for HDFC Life Insurance, offering HDFC LIFE Group Credit Protect Plus Insurance Plan (UIN: 101N096V06) to its loan customers as a credit protection product.
- Zurich Kotak General InsuranceminorPartnership with Zurich Kotak General Insurance for group health insurance products (Group Health Assure, Group Smart Health) and property insurance (Griha Raksha Plus) distributed to HFS customers.
- Catalyst Trusteeship LimitedminorAppointed as debenture trustee for HFS's debt securities. Address: 901, 9th Floor, Tower B, Peninsula Business Park, Senapati Bapat Marg, Lower Parel (W), Mumbai – 400013
- Link Intime India Private LimitedminorAppointed as Registrar and Share Transfer Agent for HFS's securities. Address: C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083
- National Payments Corporation of India (NPCI)coreTechnology integration enabling eNACH and eMandate services for electronic recurring payment collections, regulated by RBI and operated through sponsor banks
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Hiranandani Financial Services competitors and assessment
Company assessmentDirect peers
- Fusion Microfinance: Listed Indian NBFC-MFI providing income-generation loans to micro-entrepreneurs. Comparable on serving underserved micro/small businesses, though joint-liability group lending model differs.
- Five Star Business Finance: NBFC focused on secured small-ticket loans to small business owners, particularly in southern India. Highly comparable secured LAP/productivity-loan model.
- Spandana Sphoorty Financial: Listed Indian NBFC-MFI serving low-income borrowers and micro-entrepreneurs. Comparable target on financial inclusion of small businesses, though group lending focused.
- Shriram Finance: Large NBFC focused on small-ticket MSME and commercial vehicle lending to underserved borrowers across India. Closely comparable customer profile (informal/semi-formal SMBs) and pan-India branch-led distribution.
- UGRO Capital: Listed NBFC specializing in secured MSME lending with a DataTech-led underwriting approach. Highly comparable in segment focus, ticket size, and secured credit orientation.
- Lendingkart Finance: Digital-first NBFC providing working capital and business loans to MSMEs. Comparable customer segment but contrasts with HFS on physical-distribution model.
- IIFL Samasta Finance: NBFC focused on micro and small enterprise lending, particularly in tier-2/tier-3 markets. Comparable on inclusive MSME segment and branch-led model.
Broad incumbents
- Bajaj Finance: India's largest diversified NBFC offering business loans, LAP, commercial property finance, and SME lending. Comparable on product mix and target segments, but vastly larger and more diversified across consumer durables, mortgages, and rural lending.
- Cholamandalam Investment and Finance: Major Indian NBFC with strong MSME, LAP, and commercial vehicle financing books. Comparable target customer base in small businesses, but also heavily exposed to vehicle finance.
- Muthoot Finance: Large Indian NBFC predominantly in gold-backed lending but expanding into MSME and LAP. Comparable in branch-led small-ticket lending and pan-India reach, though gold-loan dominated.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Hiranandani Financial Services social profiles
Digital presenceHiranandani Financial Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hiranandani Financial Services leadership team
Management profileNumber of profiles
Profiles5 records
Hiranandani Financial Services funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hiranandani Financial Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hiranandani Financial Services
What does Hiranandani Financial Services do?
Hiranandani Financial Services (HFS) is a non-banking financial company (NBFC) that provides secured business loans up to Rs 1 crore to micro, small, and medium enterprises (MSMEs) across India. Its core offerings include business loans, working capital loans, MSME loans for equipment and machinery, and commercial property loans, distributed through a hybrid model of 149 physical branches and digital underwriting technology across 9 states.
Is Hiranandani Financial Services a public or private company?
Hiranandani Financial Services is a public company. It is classified as family owned and is currently operating.
When was Hiranandani Financial Services founded?
Hiranandani Financial Services was founded in 2017. It employs 251 to 500 people.
Where is Hiranandani Financial Services based?
Hiranandani Financial Services is headquartered in Mumbai, India, in the Asia region.
How does Hiranandani Financial Services make money?
Two revenue lines are on record. Loan Interest Income is the primary driver. The others are insurance Distribution.
Who are Hiranandani Financial Services's main competitors?
Direct peers on record are Fusion Microfinance, Five Star Business Finance, Spandana Sphoorty Financial, Shriram Finance, UGRO Capital, Lendingkart Finance and IIFL Samasta Finance. Broad incumbents are Bajaj Finance, Cholamandalam Investment and Finance and Muthoot Finance.
Does Hiranandani Financial Services have an API?
No public API is recorded for Hiranandani Financial Services.
What industry is Hiranandani Financial Services in?
Hiranandani Financial Services's product category is Small Business Lending. Its primary akta.pro industry code is FSAKAGAD, Merchant Cash Advance (MCA) & Revenue-Based Financing. Its NAICS code is 52 and its SIC code is 6162.