Commercial Vehicle Financing Business of IIFL Finance
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Commercial Vehicle Financing Business of IIFL Finance - overview
Location
Mumbai, -, India
Primary Industry
Financial Services
About
The Commercial Vehicle Financing Business of IIFL Finance provides specialized financial services focused on the acquisition and financing of commercial vehicles, catering to a diverse clientele in India. The Commercial Vehicle Financing Business of IIFL Finance operates from Mumbai, India, offering financing solutions specifically for commercial vehicles. It was acquired by IndoStar Capital Finance Limited in February 2019 for INR 1. 15 billion, indicating a strategic pivot towards strengthening its market position.
IIFL Finance, established in 1995, has since evolved to encompass various financial services and products. The company has maintained its focus on expanding its portfolio in response to market demands. The Commercial Vehicle Financing Business of IIFL Finance primarily offers financing solutions for purchasing commercial vehicles, enabling customers to manage their fleet acquisition effectively. This service is aimed at individual owners and businesses looking to expand their transportation capabilities.
The company supports its clients with competitive interest rates and flexible repayment options, ensuring that customers can access the necessary funds to acquire their vehicles. Advanced technology platforms are utilized to streamline the application process and enhance customer experience. For the year 2022, the Commercial Vehicle Financing Business of IIFL Finance reported a revenue of INR 165,432,100. 6, alongside an EBITDA of INR 76,128,512, reflecting its operational efficiency and demand for financing solutions in the commercial vehicle sector.
Going forward, the Commercial Vehicle Financing Business of IIFL Finance aims to enhance its product offerings and expand into new geographic markets. The company is exploring the introduction of new financing products tailored for electric commercial vehicles, with plans for a rollout by the end of 2024. Additionally, the recent funding from IndoStar Capital will be utilized to support these initiatives as well as to strengthen market penetration in untapped regions across India. Recent expansion efforts also include evaluating opportunities in Southeast Asia, aiming for a market entry by 2025.
Current Investors
IndoStar
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Mortgage Banking
Website
www.indiainfoline.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Commercial Vehicle Financing Business of IIFL Finance - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Commercial Vehicle Financing Business of IIFL Finance | - |
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