TVS Holdings Ltd, formerly known as Sundaram-Clayton Ltd, has increased its stake in Home Credit India Finance Pvt Ltd (HCIFPL) to 74.45% following an additional investment of ₹483.91 crore through a rights issue.
The company was allotted 12,55,26,842 equity shares of ₹10 each at an issue price of ₹38.55 a share.
Investment supports growth plans
The additional investment is aimed at sustaining and accelerating the current growth rate of Home Credit India Finance.
The transaction was undertaken on an arm’s-length basis, with shares allotted to TVS Holdings at the same price and on the same terms as those offered to other shareholders. The pricing was based on a fair valuation of HCIFPL approved by its board.
Home Credit India operates as NBFC
Home Credit India Finance is a non-deposit-taking non-banking financial company registered with the Reserve Bank of India and classified as a middle-layer NBFC.
The company provides loans to retail customers for consumer durables and cash requirements. It also offers non-credit value-added services as add-on products.
HCIFPL operates through both point-of-sale and online channels.
Financial performance in FY26
Home Credit India Finance reported a turnover of ₹2,113 crore and a net profit of ₹132 crore in FY26. Its net worth stood at ₹2,654.35 crore.
STPL Trading and Services Pvt Ltd, a member of the TVS promoter group, holds a 7.50% stake in HCIFPL.
The latest investment further strengthens TVS Holdings’ ownership in the consumer finance business.