Home Credit, one of India’s fastest growing NBFCs completes a successful five years in India, emerging as a leading player in consumer durable loans with ticket size up to Rs. 10,000 with 87.2 percent market share PAN India for July- Sept 2016, according to CRIF.
Home Credit, one of India’s fastest growing NBFCs completes a successful five years in India, emerging as a leading player in consumer durable loans with ticket size up to Rs. 10,000 with 87.2 percent market share PAN India for July- Sept 2016, according to CRIF. Home Credit has served over two million customers in the country and plans to offer online loans April 2017 onwards to maximize customer reach and targets to expand customer base to five million by the end of 2018.
“In the last five years, Home Credit’s growth in India has been phenomenal both in terms of a robust expansion plan and building the brand. With our extensive reach, we have serviced over two million customers till now and are aiming to grow this number by five million in the next two years. Our aim is to help a large majority of our customers who are the first time loaners in realizing their dreams and leading a happy family life by building their credit history,” said CEO Home Credit India, Pavel Maco.
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“Our growth has been encouraging and inspires us to serve our customers better. India is also one of the most challenging markets with its diversified population that aspires to dream of a better life. India has great potential and with the number of timely Government initiatives, India has emerged as one of the biggest and most important markets in our global expansion plans,” added Pavel Maco.
For the global financial lender, currently present in 11 countries across the globe, these last five years in India have been remarkable and have witnessed a steady growth through aggressive expansion. Currently in the next big phase of consolidating its leadership position in the Indian market, Home Credit India will move to being completely digital shifting on line from offline.
The company grew from a low key presence in five cities in 2012-13, to a now established name in the NBFC market with an impressive and strong footprint across over 60 cities in 15 Indian states in 2017 in just five years.