Hero FinCorp targets PAT of Rs 1,000 crore in FY25, says CEO Abhimanyu Munjal
New Delhi-headquartered Hero FinCorp is targeting a net profit of Rs 1,000 crore in the financial year 2024-25, which would be a 30 percent rise on year on year basis, the NBFC’s Joint Managing Director and Chief Executive Officer Abhimanyu Munjal said on March 5.
Hero FinCorp’s Assets under management (AUM) till December 2023 stood at Rs 49,127 crore compared with Rs 39,381 crore at the end of December 2022, an increase of 25 percent on a YoY basis. Munjal further added that they are increasing nationwide coverage of Hero FinCorp from the biggest urban centers to the smallest of rural settlements. Covering almost all pin codes in India.
Recently, Hero FinCorp has started an in-house tech center in Bengaluru and a combined tech & analytics strength of 250 plus.
Hero FinCorp has hired over 7,000 employees in FY24 which they are targeting to increase in this year.
