Hinduja Leyland Finance
- Company typePublic
- Founded2008
- HeadquartersChennai, India
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
Hinduja Leyland Finance firmographics
Firmographics- Name
- Hinduja Leyland Finance
- Legal name
- Hinduja Leyland Finance Limited
- Website
- https://www.hindujaleylandfinance.com/
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Hinduja Leyland Finance industry classification
Industry- Product category
- Commercial Vehicle Finance
- NAICS
- Nondepository Credit Intermediation (5222), Sales Financing (52222)
- SIC
- Finance Lessors (6172)
- akta.pro primary industry
- Fleet & Commercial Vehicle Finance (FSAKADAE)
Keywords
Where Hinduja Leyland Finance is headquartered
LocationHeadquarters
- HQ city
- Chennai
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Hinduja Leyland Finance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Asset Finance (Vehicle Loans): Core revenue stream from providing secured loans for commercial vehicles (small, light, medium, heavy commercial vehicles), buses/passenger vehicles, two-wheelers, used cars, construction equipment, and tractors. Interest income is the primary revenue source with loan tenures up to 60 months.
- Loan Against Property: Secured loans against residential, commercial, and industrial properties with tenures up to 15 years
- MSME Loans: Unsecured business loans for micro, small and medium enterprises
- Leasing: Operating lease facilities for commercial vehicles and construction equipment
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Two-Wheeler Loans starting at 11.5% p.a. |
| Subscription | Monthly | Tractor Loans starting from 13% p.a. |
| Subscription | Monthly | Commercial Vehicle Loans: 9% to 36% p.a. |
| Subscription | Monthly | Used Car Loans: up to 85% funding |
| Subscription | Monthly | Loan Against Property |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels4 records
Hinduja Leyland Finance product offering
Product offeringCore offering
Hinduja Leyland Finance is a non-banking financial company (NBFC) that provides secured asset financing primarily for vehicles and equipment. Its core offerings include commercial vehicle financing (heavy, medium, intermediate, light, and small commercial vehicles, plus buses and passenger vehicles), construction equipment finance, tractor finance, two-wheeler loans, used car loans, loan against property, MSME loans, and leasing solutions. The company operates a hub-and-spoke model supported by 1750+ branches and service centers across India, alongside digital channels including the HLF Connect mobile app and website.
Product overview
Hinduja Leyland Finance is a non-banking financial company (NBFC) and part of the Hinduja Group, offering a diversified portfolio of asset finance products centered on a platform of secured lending. The core offering spans commercial vehicle financing (from small to heavy commercial vehicles, including buses and passenger vehicles), construction equipment finance, tractor finance, and personal vehicle financing (two-wheelers and used cars), all supported by collateral-backed products such as loans against property. The company also provides MSME loans, leasing solutions, and supply chain finance. The portfolio includes a digital pre-owned vehicle marketplace (Gaadi Mandi) and digital end-to-end transportation/logistics solutions, operated through subsidiaries and joint ventures. A Honda Motorcycle & Scooter India partnership extends two-wheeler financing nationwide, while Gro Digital Platforms (the JV with Ashok Leyland) enables fleet FASTag and logistics solutions.
Differentiator
Problem solved
Functional benefit
Brands
- HLF Connect: Mobile application for customers to manage loans, make EMI payments, and access financial services
- Gaadi Mandi
- Gro Digital Platforms
Products and services
- Heavy Commercial Vehicle Finance
Quantifiable outcome
- 1750+ branch and service center locations across India
- +2 more outcomes
Companies that use Hinduja Leyland Finance
Customer profileSegments8 records
Ideal customer profiles5 records
Hinduja Leyland Finance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Hinduja Leyland Finance partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Honda Motorcycle & Scooter IndiacoreHinduja Leyland Finance partnered with Honda Motorcycle & Scooter India to expand two-wheeler financing across India. The collaboration aims to improve access to vehicle ownership and support Honda's market expansion, particularly in high-growth regions. This partnership enables HLF to offer financing solutions for Honda's two-wheeler range including electric vehicles.
- IDFC FIRST BankcoreGro Digital Platforms, a joint venture between Ashok Leyland and Hinduja Leyland Finance, partnered with IDFC FIRST Bank to roll out FASTag services for commercial vehicle operators in India. The partnership provides a single-window FASTag solution integrating real-time toll payments, trip monitoring, and operational transparency through Ashok Leyland's dealer network.
- Gaadi Mandi Digital PlatformscoreGaadi Mandi Digital Platforms Limited was incorporated in April 2022 as a subsidiary of Hinduja Leyland Finance. It offers a digital bidding platform for trade of used vehicles and equipment including Heavy/Light Commercial Vehicles, Construction Equipment, Tractors, Agricultural Equipment, Cars, Three-Wheelers, and Two-Wheelers.
- Ashok LeylandcoreAshok Leyland is the parent company and key strategic partner for Hinduja Leyland Finance. HLF enjoys an exclusive partnership with Ashok Leyland for financing heavy commercial vehicles, with access to special offers through Ashok Leyland's dealer network. The companies also jointly operate Gro Digital Platforms for digital transportation and logistics solutions.
- Gro Digital PlatformscoreGro Digital Platforms is a joint venture between Ashok Leyland and Hinduja Leyland Finance formed in April 2021. The platform connects shippers with a network of partners and provides value-added services, enabling commercial vehicle operators to increase operational efficiency and improve business and financial performance. It also offers FASTag services through partnerships with banks.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Hinduja Leyland Finance competitors and assessment
Company assessmentBroad incumbents
- L&T Finance Holdings: Diversified NBFC with material presence in farm equipment, two-wheeler, and tractor financing. Comparable on rural vehicle finance but operates a broader portfolio including infrastructure finance.
- Bajaj Finance: Largest Indian NBFC by assets with diversified book spanning consumer, SME, commercial, and two-wheeler lending. A broad incumbent whose two-wheeler and commercial lending overlap directly with HLF, but at much larger scale.
Direct peers
- Sundaram Finance: Long-standing Chennai-based NBFC specializing in commercial vehicle, car, and construction equipment financing. Direct competitor in CV and equipment finance with similar South India heritage.
- Shriram Finance: India's dominant NBFC in used commercial vehicle financing and small business lending, with deep reach into truck operators and first-time borrowers. Highly comparable customer segment and underwriting philosophy to HLF.
- Muthoot Capital Services: NBFC offering two-wheeler, used car, and commercial vehicle financing with focus on smaller-ticket loans to semi-urban borrowers. Comparable on customer profile and product mix.
- Mahindra & Mahindra Financial Services: Rural and semi-urban focused NBFC with strong auto and tractor financing franchise backed by Mahindra Group OEM relationships. Directly comparable on customer segment, geographic focus, and dealer-tied distribution.
- Poonawalla Fincorp (formerly Magma Fincorp): NBFC focused on used car, CV, tractor, and MSME lending to semi-urban and rural customers. Direct peer in the small-ticket asset finance category where HLF also operates.
- Cholamandalam Investment and Finance Company: One of India's largest vehicle financing NBFCs with strong commercial vehicle finance franchise and home equity/LAP book. Closest direct peer to HLF given overlapping product mix in CV, CE, tractor, LAP and similar distribution-led model.
Others
- Ashok Leyland: Parent company and exclusive HCV OEM partner of Hinduja Leyland Finance. Not a peer in the lending sense but a key ecosystem participant whose commercial vehicle sales directly drive HLF's HCV loan originations.
Emerging players
- AU Small Finance Bank: Small finance bank with strong vehicle finance and MSME lending franchise in semi-urban and rural India. Comparable customer base and geographic focus, though operating as a bank gives it a deposit-funding cost advantage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Hinduja Leyland Finance social profiles
Digital presenceHinduja Leyland Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Hinduja Leyland Finance leadership team
Management profileNumber of profiles
Profiles11 records
Hinduja Leyland Finance subsidiaries and ownership
Company hierarchySubsidiaries4 records
Hinduja Leyland Finance funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Hinduja Leyland Finance M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Hinduja Leyland Finance
What does Hinduja Leyland Finance do?
Hinduja Leyland Finance is a non-banking financial company (NBFC) that provides secured asset financing primarily for vehicles and equipment. Its core offerings include commercial vehicle financing (heavy, medium, intermediate, light, and small commercial vehicles, plus buses and passenger vehicles), construction equipment finance, tractor finance, two-wheeler loans, used car loans, loan against property, MSME loans, and leasing solutions. The company operates a hub-and-spoke model supported by 1750+ branches and service centers across India, alongside digital channels including the HLF Connect mobile app and website.
Is Hinduja Leyland Finance a public or private company?
Hinduja Leyland Finance is a public company. It is classified as public and is currently operating.
When was Hinduja Leyland Finance founded?
Hinduja Leyland Finance was founded in 2008. It employs 1,001 to 5,000 people.
Where is Hinduja Leyland Finance based?
Hinduja Leyland Finance is headquartered in Chennai, India, in the Asia region.
How does Hinduja Leyland Finance make money?
Four revenue lines are on record. Asset Finance (Vehicle Loans) is the primary driver. The others are loan Against Property, MSME Loans and leasing.
Who are Hinduja Leyland Finance's main competitors?
Broad incumbents on record are L&T Finance Holdings and Bajaj Finance. Direct peers are Sundaram Finance, Shriram Finance, Muthoot Capital Services, Mahindra & Mahindra Financial Services, Poonawalla Fincorp (formerly Magma Fincorp) and Cholamandalam Investment and Finance Company. Ashok Leyland is listed as an others. AU Small Finance Bank is listed as an emerging player.
Does Hinduja Leyland Finance have an API?
No public API is recorded for Hinduja Leyland Finance.
What industry is Hinduja Leyland Finance in?
Hinduja Leyland Finance's product category is Commercial Vehicle Finance. Its primary akta.pro industry code is FSAKADAE, Fleet & Commercial Vehicle Finance. Its NAICS code is 5222 and its SIC code is 6172.