Press Release

Home Credit India retains Market Leadership in Small Ticket Consumer Durable Loans category for Oct – Dec 2016

- Captures 88.17% Pan India Market Share for consumer durable loans up to Rs. 10,000 for Oct – Dec 2016

- Displays increase of 27.6% over last quarter

Gurgaon/ New Delhi, March 28, 2017 Home Credit, one of the fastest growing NBFCs in India that has completed five years of operations in the country has emerged as the market leader in small ticket size loans. In the category of consumer durable loans upto Rs. 10,000, Home Credit India has garnered a staggering 88.17% of market share Home Credit India has garnered October – December 2016, according to CRIF (a global company specializing in credit bureau, business information, analytics, decisioning and software solutions). Home Credit India’s market share has also displayed a substantial increase of 27.6% over last quarter.

Announcing the market share results from CRIF Mr. Pavel Maco, CEO, Home Credit India said. "Our five year journey in India has been a story of rapid growth and the results show that we are on the right track. We have a strong customercentric approach that has helped us not only in gaining market leadership in the segment but also grow the consumer lending space in India. Home Credit India has successfully emerged at the top position in market share in the small ticket category of up to Rs. 10,000 and is steadily growing in other segments as well. It is encouraging to note the Home Credit Iindia continues to grow the NBFC pie in the country by bringing under penetrated markets within the formal financial system. We will continue to do our best in bringing positive changes in the lives of our first time loan takers through responsible lending and take forward the cause of financial inclusion, in the future.

Home Credit’s offerings primarily consist of providing in-store financing (direct non-cash loans in retail outlets) to qualified customers looking to purchase consumer durable goods such as mobile phones home appliances, laptop/tablets, electronic goods and two-wheelers. The company has its operations in over 70 cities across 15 states in the country It has a strong network of nearly 8500 Points-of-Sale (PoS) . where it services nearly 2.5 million customers through a driven employee base of over 16,000

About Home Credit India:

Home Credit India Finance Pvt. Ltd. is a leading consumer finance provider that is committed to drive credit penetration and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. One of India’s leading Non-Banking Financial Companies (NBFCs), Home Credit India has its operations in over 60 cities across 15 states in the country. The company has a strong network of nearly 7,000 Points-of-Sale (PoS) where it services nearly 2 million customers through a driven employee base of over 17,000.

About Home Credit India

Home Credit India Finance Pvt. Ltd. is a leading consumer finance provider that is committed to drive credit penetration and financial inclusion by offering financial solutions that are simple, transparent and accessible to all. One of India’s leading Non-Banking Financial Companies (NBFCs), Home Credit India has its operations in nearly 70 cities across 15 states in the country. The company has a strong network Sale (PoS) where it services nearly 2.5 million customers through a driven employee base of over 16,000 as of March 31, 2017. Home Credit India has been recognized by Aon Hewitt as a Regional AON Best Employer 2017 for employer excellence.

About Home Credit B.V:

Home Credit India is part of Home Credit B.V., an international consumer finance provider with operations in 11 countries across Europe and Asia. The group employs over 100,000 full time employees who have so far served nearly 70 million customers through the vast distribution network comprising over 270,000 points of sale, loan offices, branches and post offices as of December 31, 2016.

More information on Home Credit India is available at www.homecredit.co.in

More information on HCBV is available at www.homecredit.net

About CRIF: CRIF is a global company specializing in credit burea, business information, analytics decisioning and software solutions.

Media Contact Information:
Home Credit India
Tanima Gupta / Monikarjun Dutta
09830907212 / 8399846806
tanima@kommune.in / monik@kommune.in