TVS Credit Services
TVS Credit Services Limited is an Indian NBFC and captive financier for TVS Motor Company, offering secured and unsecured retail, agriculture, MSME, and consumer durable loans to over 2.4 crore customers across India via 40,000-plus touchpoints and a digital lending stack.
- Company typePrivate
- Founded2008
- HeadquartersChennai, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
What TVS Credit Services does
TVS Credit Services Limited is an Indian non-banking financial company (NBFC) registered with the Reserve Bank of India, incorporated in 2008 and headquartered in Chennai with a registered office in Bengaluru. It operates as the captive financing arm of TVS Motor Company (80.76% parent ownership as of November 2025) and one of India's leading retail-focused lenders, serving over 2.4 crore customers across individual consumers, farmers, micro/small/medium enterprises, and consumer durable buyers via a network of more than 40,000 touchpoints and 192 area offices. Its product portfolio spans twelve-plus secured and unsecured loan categories including two-wheeler loans (its flagship product where it is the number one financier for TVS Motor), used car loans, consumer durable and mobile loans, online personal loans, gold loans, tractor loans, used commercial vehicle and three-wheeler loans, loan against property, emerging and mid-corporate business loans, used construction equipment loans, plus the InstaCard pre-approved credit facility and a co-brand credit card issued with RBL Bank.
The company's operating model combines a deep physical dealer and branch origination network with a digital lending stack. Underwriting is powered by an AI-enhanced credit scoring engine running on Oracle Cloud Infrastructure, which processes structured customer and bureau data to enable rapid decisions such as the documented 2-minute approval for two-wheeler loans. Digital channels are anchored by the TVS Credit Saathi mobile app (supporting 100% paperless applications, payments, and self-service) and complemented by partnerships with Flipkart, Juspay, Reward360, Flexmoney, Finnable, Navi Finserv, and Times Internet for e-commerce and aggregator-sourced personal and consumer loan originations.
TVS Credit generates revenue primarily through interest income on its loan book (turnover of Rs. 6,626.10 crore for the period ending March 31, 2025), supplemented by loan processing fees and charges, interchange and merchant commissions from the co-brand credit card partnership, and ancillary services. As of FY26, it reported AUM of Rs. 30,639 crore (up 15% year-on-year) and net profit of Rs. 913 crore (up 19%), reflecting a capital base strengthened by primary capital from Premji Invest in 2023 and additional equity from parent TVS Motor Company in November 2025.
TVS Credit Services firmographics
Firmographics- Name
- TVS Credit Services
- Legal name
- TVS Credit Services Limited
- Website
- https://tvscredit.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- TVS Credit Services Limited is an Indian NBFC and captive financier for TVS Motor Company, offering secured and unsecured retail, agriculture, MSME, and consumer durable loans to over 2.4 crore customers across India via 40,000-plus touchpoints and a digital lending stack.
- Ownership category
- akta.pro rank
TVS Credit Services industry classification
Industry- Product category
- Non-Banking Financial Services (Consumer and MSME Lending)
- NAICS
- Consumer Lending (522291), Sales Financing (52222), Credit Card Issuing (52221)
- SIC
- Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
- akta.pro secondary industry
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where TVS Credit Services is headquartered
LocationHeadquarters
- HQ city
- Chennai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
TVS Credit Services business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Loan Interest Income: Primary revenue from interest charged on various loan products including two-wheeler loans, used car loans, consumer durable loans, personal loans, gold loans, commercial vehicle loans, tractor loans, and loans against property
- Processing Fees and Charges: Fees charged for loan processing, documentation, and other loan-related services
- Credit Card Revenue: Revenue from co-brand credit cards (TVS Credit RBL Bank Credit Card) including interchange fees and merchant commissions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Loan products available with varying interest rates based on product type and customer profile |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
TVS Credit Services product offering
Product offeringCore offering
TVS Credit Services Limited is an RBI-registered Non-Banking Financial Company (NBFC) that extends a wide range of retail and MSME loan products including two-wheeler loans, used car loans, consumer durable and mobile loans, online personal loans, gold loans, used commercial vehicle and three-wheeler loans, tractor and farm equipment loans, loan against property, and emerging & mid-corporate business loans. It also offers InstaCard, a pre-approved instant credit facility, and co-brand credit cards with RBL Bank. Distribution is through 40,000+ dealer and channel touchpoints, 192 area offices, the TVS Credit Saathi mobile app, and digital lending partnerships.
Product overview
TVS Credit Services is a non-banking financial company (NBFC) registered with RBI, offering a comprehensive suite of lending products and financial services. The portfolio comprises secured and unsecured loan products including Two Wheeler Loans (the flagship product as the #1 financier for TVS Motor Company), Used Car Loans, Consumer Durable Loans (with specialized EMI options for appliances), Mobile Loans, Online Personal Loans, Gold Loans, Used Commercial Vehicle Loans, Tractor Loans, Loan Against Property, Emerging & Mid-Corporate Business Loans, Three Wheeler Loans, and Used Construction Equipment Loans. The company also offers credit products including InstaCard (pre-approved instant credit) and the TVS Credit RBL Bank Co-Brand Credit Card. Digital capabilities include the TVS Credit Saathi mobile app, EMI Calculator, Car Valuation Tool, and Goal Planner. With over 40,000 touchpoints and AUM of Rs. 30,639 Crore as of FY26, the company serves 2.4 Crore customers across India.
Differentiator
Problem solved
Functional benefit
Brands
- TVS Credit Saathi: Mobile application for seamless payments, effortless account access, quick loan applications, and real-time tracking of finances.
- InstaCard
- TVS Credit RBL Bank Credit Card
- Saksham
- E.P.I.C (E-Enrich, P-Perform, I-Innovate, C-Challenge)
- Grameen Connect
Products and services
- Two Wheeler Loans Financing for new and used two-wheelers with flexible EMIs, quick 2-minute approvals, and up to 95% funding on the on-road price; targeted at individual consumers and TVS Motor customers.
- Used Car Loans Financing for second-hand cars with competitive interest rates, flexible repayment options, and loan approval within 4 hours; targeted at individual consumers.
- Consumer Durable Loans Instant financing for consumer durables with zero down payment, no-cost EMI options, and up to 100% finance for appliances including ACs, laptops, refrigerators, LED TVs, and washing machines.
- Mobile Loans Financing for smartphone purchases with minimal documentation, zero cost EMI options, and quick approval; targeted at retail consumers.
- Online Personal Loans Paperless personal loans with 100% digital application process, instant approval, and quick disbursement to bank account via the TVS Credit Saathi App.
- Gold Loans Loan against gold collateral with flexible repayment options, 24/7 security, and a transparent process for individual borrowers.
- Used Commercial Vehicle Loans Financing for second-hand commercial vehicles up to 15 years old with hassle-free documentation, quick approvals, and low interest rates; targeted at transporters and MSMEs.
- Tractor Loans Financing for new and used tractors with up to 90% funding, quick disbursement, flexible repayment aligned to crop cycles, and a no income document scheme; targeted at farmers.
- Loan Against Property Business financing using residential or commercial property as collateral with simple documentation and loan amounts up to Rs. 15 lakh; targeted at MSME owners and small businesses.
- Emerging & Mid-Corporate Business Loans Tailored financing for emerging and mid-sized enterprises including supply chain financing, bill discounting, working capital demand loans, and term loans with customised limits up to Rs. 5 crores.
- Three Wheeler Loans Financing for three-wheelers with super simple documentation, same-day loan approval, affordable interest rates, and flexible EMIs for personal or business use.
- Used Construction Equipment Loans Financing for used construction equipment up to 12 years old with flexible repayment tenure, refinance options, and no hidden charges for businesses.
- InstaCard Pre-approved instant credit limit facility providing loans up to Rs. 1 lakh with zero processing fee, no documentation, zero cost EMI, and easy repayment options for existing and new TVS Credit customers.
- TVS Credit RBL Bank Co-Brand Credit Card Co-branded credit card issued in partnership with RBL Bank offering rewards, benefits, and exclusive offers including Amazon vouchers for TVS Credit customers.
Quantifiable outcome
- 2-minute loan approval for two-wheeler loans
- +5 more outcomes
Companies that use TVS Credit Services
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
TVS Credit Services technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
AI capability2 records
Feature3 records
TVS Credit Services partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered minor.
- Flipkart Advanz Private LimitedminorE-commerce partnership for customer acquisition and underwriting services for online consumer loans on Flipkart platform.
- Times Internet Limited (TOI Money)minorWeb application partnership for personal loans; provides customer acquisition and grievance handling.
- IIM TrichyminorMoU signed to boost innovation and create solutions for financial inclusion.
- IIT MadrasminorMoU signed to set up innovation programs; collaborative initiative for technology and innovation development.
- RBL BankminorCo-brand credit card partnership; RBL Bank issues TVS Credit RBL Bank Credit Card and TVS Credit RBL Bank Gold Credit Card.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
TVS Credit Services competitors and assessment
Company assessmentDirect peers
- Shriram Finance: Large Indian NBFC dominant in used commercial vehicles, two-wheeler, and small business lending. Closely comparable to TVS Credit's used vehicle and MSME segments.
- Bajaj Finance: India's largest consumer NBFC offering two-wheeler, consumer durable, personal, business, and mortgage loans. Closely comparable to TVS Credit across consumer lending categories, though larger and more diversified.
- Mahindra & Mahindra Financial Services: Captive financier for Mahindra vehicles with strong tractor and rural lending franchise. Highly comparable to TVS Credit's tractor financing and OEM-captive vehicle loan business.
- Muthoot Finance: India's largest gold loan NBFC. Comparable to TVS Credit's gold loan product line and similar rural/semi-urban customer base.
- IIFL Finance: Diversified NBFC with personal loans, gold loans, home loans, and business loans. Comparable to TVS Credit's personal loan, gold loan, and MSME products.
- Sundaram Finance: Chennai-based NBFC with strong vehicle finance, housing finance, and corporate lending books. Geographic and product overlap with TVS Credit, particularly in South India.
- Manappuram Finance: Major Indian NBFC with gold loans as flagship and growing presence in microfinance, vehicle finance, and consumer lending. Comparable to TVS Credit's gold loan and consumer durable segments.
- Cholamandalam Investment and Finance: Leading Indian NBFC focused on vehicle finance (cars, two-wheelers, commercial vehicles), home loans, and SME lending. Most direct comparable to TVS Credit's vehicle financing business.
- HDB Financial Services: Subsidiary of HDFC Bank offering personal loans, business loans, gold loans, and consumer durable financing. Comparable to TVS Credit's diversified consumer and small business lending portfolio.
Broad incumbents
- L&T Finance Holdings: Diversified NBFC with farm equipment, two-wheeler, consumer, and infrastructure finance. Overlaps with TVS Credit's tractor and consumer segments; broader portfolio scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TVS Credit Services social profiles
Digital presenceTVS Credit Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
TVS Credit Services leadership team
Management profileNumber of profiles
Profiles4 records
TVS Credit Services funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TVS Credit 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 TVS Credit Services
What does TVS Credit Services do?
TVS Credit Services Limited is an RBI-registered Non-Banking Financial Company (NBFC) that extends a wide range of retail and MSME loan products including two-wheeler loans, used car loans, consumer durable and mobile loans, online personal loans, gold loans, used commercial vehicle and three-wheeler loans, tractor and farm equipment loans, loan against property, and emerging & mid-corporate business loans. It also offers InstaCard, a pre-approved instant credit facility, and co-brand credit cards with RBL Bank. Distribution is through 40,000+ dealer and channel touchpoints, 192 area offices, the TVS Credit Saathi mobile app, and digital lending partnerships.
Is TVS Credit Services a public or private company?
TVS Credit Services is a private company. It is classified as corporate owned and is currently operating.
When was TVS Credit Services founded?
TVS Credit Services was founded in 2008. It employs 5,001 to 10,000 people.
Where is TVS Credit Services based?
TVS Credit Services is headquartered in Chennai, India, in the Asia region.
How does TVS Credit Services make money?
Three revenue lines are on record. Loan Interest Income is the primary driver. The others are processing Fees and Charges and credit Card Revenue.
Who are TVS Credit Services's main competitors?
Direct peers on record are Shriram Finance, Bajaj Finance, Mahindra & Mahindra Financial Services, Muthoot Finance, IIFL Finance, Sundaram Finance, Manappuram Finance, Cholamandalam Investment and Finance and HDB Financial Services. L&T Finance Holdings is listed as a broad incumbent.
Does TVS Credit Services have an API?
No public API is recorded for TVS Credit Services.
What industry is TVS Credit Services in?
TVS Credit Services's product category is Non-Banking Financial Services (Consumer and MSME Lending). Its primary akta.pro industry code is FSAGALAD, Embedded Lending & Credit (POS, Working Capital, Credit Lines), with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 522291 and its SIC code is 6141.