HDB Financial Services Limited is a retail-focused, non-banking financial company. The company also offer business process outsourcing (“BPO”) services such as back-office support services, collection and sales support services to our Promoter as well as fee-based products such as distribution of insurance products primarily to the lending customers. Its omni-channel “phygital” distribution model combines a large branch network, in-house tele-calling teams and various external distribution networks and channel partners.

Business Verticals:

• Enterprise Lending: The first business vertical launched in 2008. They offer a variety of secured and unsecured loans to MSME customers, as well as certain types of salaried employees, primarily through their branch network.
• Asset Finance: They offer financing options to customers for acquiring new and used commercial vehicles, construction equipment and tractors, all of which are income generating assets for their customers.
• Consumer Finance: They offer loans to individuals seeking to fulfil their personal or household needs.

As of March 31, 2025, with over 80% of the branches located outside the 20 largest cities in India. As at March 31, 2025, The Company had a pan-India network of 1,771 branches in 1,170 towns and cities across 31 States and Union Territories, with over 80% of the branches located outside the 20 largest cities in India by population.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Highly granular retail loan book, bolstered by a large and rapidly growing customer base with a focus on serving the under banked customer segments.
• Large, diversified and seasoned product portfolio with a sustainable track record of diversification, growth and profitability through the cycles.
• Tailored sourcing supported by an omni-channel and digitally powered pan-India distribution network.
• Comprehensive systems and processes contributing to robust credit underwriting and strong collections.
• Advanced technology tools driving enhanced customer experience and efficiency across each stage of the customer lifecycle.
• High-quality liability franchise with access to low cost, diversified borrowing sources and the highest credit rating.
• Track record of robust financial performance with sustainable and profitable growth.
• Stable, highly experienced and professional management team supported by a talented workforce.
• Distinguished parentage of HDFC Bank, India’s largest private bank, enjoying strong trust and brand equity with consumers.

Augmentation of the Company’s Tier – I Capital base to meet their Company’s future capital requirements including onward lending under any of the Company’s business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance.

At the upper band of IPO Rs. 740, the stock is valued at 3.73 times of P/BV. Hence, Well-informed investors subscribe for long term.