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Press Release


Home Credit India to Expand Operations in Rajasthan, Aims 3,000 Distribution Points by 2018

- Planning to ramp up point-of-sale network, employee headcount

Jaipur, February 02, 2018: Home Credit India Finance Pvt. Ltd.,one of India's fastest growing non-banking financial company, is aiming to expand its presence in Rajasthan. After launching its operations successfully in the state in 2014, the company now plans to expand its footprint in new markets in Rajasthan with the aim of making its products and services available to a larger customer base.

As part of the expansion plans, Home Credit India is aiming to nearly double its point-of-sale (PoS) network across the state to 3,000 from the current 1,564 by end of 2018. To support this expansion, the company plans to ramp up its employee base by hiring 200 people more this year. With this ramp up, the total headcount will increase to nearly 1,000 from the current 780. The company currently has operations in Jaipur, Jodhpur, Kota, Pali and Bundi.

For Jaipur, the company has lined up ambitious expansion plans. Through a strategy of contiguous expansion, Home Credit India aims to expand its PoS network to 1,300 from the current 942 by December 2018 along with hiring more employees to support expansion.

Mr. Artem Popov, Chief Sales Officer, Home Credit India Pvt. Ltd., said, "As a market, Rajasthan is critical to our growth strategy. Through our focused approach, innovative and affordable solutions we are able to expand our operations and customer base in the country. Our easy financial and hassle free solutions will continue to add value to the lives of our customers and bring them smiles".

In terms of products, Home Credit India is currently offering 0% interest on 95% of all mobile phone in Rajasthan. The company aims to launch 0% interest loans on various leading home appliance brands soon through a series of promotional campaigns.

Home Credit India recently achieved a key milestone of crossing 5 million customers in just five years of its operations in India. In 2016, Home Credit crossed the 1-million customers mark driven by pan-India expansion across major markets, a range of diversified and innovative products backed by superior customer experience. The company added another 4 million customers last year, further consolidating its position as a leading consumer finance provider.

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 100 cities across 20 states in the country. The company has a strong network of over 20,000 Points-of-Sale (PoS) where it services over 5 million customers through an employee base of over 19,000 as of date. Home Credit India has been recognized by Aon Hewitt as a Regional AON Best Employer 2017 for employer excellence.

About Home Credit Group:

Home Credit India is part of Home Credit Group,an international consumer finance provider with operations in 10 countries where there is high potential to grow. Founded in 1997, we focus on responsible lending primarily to people with little or no credit history. Our services are simple, easy and fast. We operate in highly attractive markets with significant barriers to entry. We are a leading provider of consumer finance in selected countries. It is our experience and knowledge across the different markets, which sustainably puts us ahead of our competitors. We drive and broaden financial inclusion for the unbanked population by providing a positive and safe borrowing experience – the first for many of our customers. We promote higher living standards and meet borrowers' financial needs. Our 155,000 employees have so far served over 90 million customers through a vast distribution network comprising nearly 400,000 points of sale, loan offices, branches and post offices.
More information on Home Credit India is available at www.homecredit.co.in
More information on HCBV is available at www.homecredit.net

For more information, contact:
Sankalp Saini
Home Credit India Finance
Sankalp.saini75434@homecredit.co.in