The company’s promoter, The Munjal family, owns approximately 35-39% of Hero Fincorp, as reported by Moneycontrol. The company’s board of directors is Pawan Munjal, Renu Munjal, Abhimanyu Munjal, Pradeep Dinodia, Jayesh Jain, and Shivendra Suman Ref. Click Here.
The company reported revenue of ₹6,032.93 crores in 2023 against revenues of ₹4,490.58 crores in 2022. The PAT was 457.33 crores in 2023 against (-194.00) in 2022. The Earnings per equity share was 35.92 in 2023 against (-15.24) in 2022.
Hero FinCorp is a financial services organization that offers various services, including education loans, small and medium-sized business loans, and two-wheeler financing. The lender operates through about 2,000 retail finance touchpoints within Hero MotoCorp’s network, covering over 4,000 cities and towns throughout India.
According to a Moneycontrol report dated October 17, 2023, Hero FinCorp has chosen a syndicate of up to eight investment banks to lead a substantial IPO of around ₹4,000 crore in 2024. This figure was earlier reported by Moneycontrol in October 2023, citing sources with knowledge of the development.
