Home Credit India Finance also offers add on products in the form of non-credit value-added services. It operates through the point of sales (POS) model and online model.
TVS Holdings has subscribed to and has been allotted an additional 229,139,017 equity shares of Rs 10/- each in Home Credit India Finance, the company said in a stock exchange filing. The cost of acquisition is Rs 22.99 a share aggregating to Rs. 526.79 crore.
The additional investment is made towards sustaining and accelerating the current growth rate of Home Credit India Finance and to maintain capital adequacy at an optimum level, the company said.
Post the additional acquisition, TVS Holdings shareholding in Home Credit has become 80.39 per cent.
During the year 2024-25, Home Credit generated a turnover of Rs. 2,096.54 Crore. It posted net loss of Rs. 530.04 crore and had a net-worth of Rs. 1,583.04 crore.
