Home Credit Group finalises sale of its India business
Prague, February 3: International consumer finance provider, Home Credit N.V. (Home Credit Group) today announced the closure of a transaction for the 100 percent sale of its Home Credit India Finance Pvt. Ltd. business to a group of investors led by Indian conglomerate, TVS Holdings Limited (“TVS Holdings”).
TVS Holdings will acquire an 80.74% equity stake of Home Credit India with the remaining 19.26% by Premji Invest and other associates.
“For over 10 years, Home Credit India has offered consumers access to innovative and responsible financial services products,” said Radek Pluhar, Home Credit Group CEO. “I am proud of the work our teams have delivered, and I wanted to pay tribute for what they have built over the past two decades. Now is the time for new owners to take the business to even greater heights and into a bright future.”
ENDS
Notes to Editors
About Home Credit India
Home Credit India Finance Pvt. Ltd. is a local arm of the international consumer finance provider Home Credit International with operations spanning Europe and Asia and committed to drive financial inclusion in India. The company is committed to drive credit penetration and financial inclusion by offering wide financial solutions that are simple, transparent, and accessible to all.
Home Credit India has an employee base of approximately 5000 people and has been consistently expanding operations since its entry to the market in 2012, with its operations spread over 625 cities across India. The company has a strong network of around 53,000 points-of-sale (PoS) and is growing with a customer base of more than 16 million customers, driven by Pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience.
For more information, visit www.homecredit.co.in
About TVS Holdings:
TVS Holdings (BSE:, NSE: ) (formerly known as Sundaram Clayton Limited) (‘TVSH’ or ‘the Company’) (BSE: 520056 and NSE: TVSHLTD) is registered with the Reserve Bank of India (‘RBI’) as a Core Investment Company (‘CIC’) to carry on the business of Non-Banking Financial Institution (‘NBFC-CIC’) without accepting public deposits.
Communications Contact
Home Credit Group – doman@ppf.cz