HINDUJA LEYLAND FINANCE LIMITED

About the issuer

Hinduja Leyland Finance Limited is a non-deposit accepting, systemically important non-banking financial company (ND-SI NBFC) based in Chennai, Tamil Nadu, India. Established on November 12, 2008, it is a subsidiary of Ashok Leyland Limited, a leading player in the domestic commercial vehicle segment. The company specializes in providing a wide range of financial products, including vehicle financing for commercial vehicles, two-wheelers, three-wheelers, and tractors, as well as loans against property, business loans, and other retail financing solutions. As of March 31, 2021, approximately 34% of its assets under management consisted of vehicles from Ashok Leyland Limited. On October 4, 2023, Hinduja Leyland Finance Limited merged with IndusInd Bank, integrating its operations into the bank's structure.