HDB Financial Services Ltd.

Incorporated in 2007, HDB Financial Services Limited is a retail-focused, non-banking financial company.The company also offer business process outsourcing (“BPO”) services such as back-office support services, collection and sales support services to our Promoter as well as fee-based products such as distribution of insurance products primarily to the lending customers.HDB Financial Services Limited's omni-channel “phygital” distribution model combines a large branch network, in-house tele-calling teams and various external distribution networks and channel partners.Business Verticals:Enterprise Lending:The first business vertical launched in 2008. they offer a variety of secured and unsecured loans to MSME customers, as well as certain types of salaried employees, primarily through their branch network.Asset Finance: They offer financing options to customers for acquiring new and used commercial vehicles, construction equipment and tractors, all of which are income generating assets for their customers.Consumer Finance:They offer loans to individuals seeking to fulfil their personal or household needs.As of March 31, 2025, with over 80% of the branches located outside the 20 largest cities in India.As at March 31, 2025, The company had a pan-India network of 1,771 branches in 1,170 towns and cities across 31 States and Union Territories, with over 80% of the branches located outside the 20 largest cities in India by population.As at Fiscals 2025, 2024 and 2023, the company had a total of 60,432, 56,560 and 45,883 employees.Competitive Strengths:Highly granular retail loan book, bolstered by a large and rapidly growing customer base with a focus on serving the underbanked customer segments.Large, diversified and seasoned product portfolio with a sustainable track record of diversification, growth and profitability through the cycles.Tailored sourcing supported by an omni-channel and digitally powered pan-India distribution network.Comprehensive systems and processes contributing to robust credit underwriting and strong collections.

HDB Financial Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects: