Hero FinCorp Bets on AI, Aspiring India Strategy Ahead of Rs 3,700 Crore IPO

Hero FinCorp, a leading non-banking financial company, is advancing its pre-IPO strategy with a focus on artificial intelligence, 'Aspiring India' demographics, and asset inclusion to drive future growth, MD & CEO Abhimanyu Munjal said. The company aims to raise Rs 3,700 crore through an initial public offering, comprising a Rs 2,100 crore fresh issue and the remainder via offer for sale by existing shareholders.

The Securities and Exchange Board of India (Sebi) granted draft approval for the IPO about a year ago, giving the company until September 2026 to launch the offering. Hero FinCorp has expanded beyond its origins in two-wheeler financing to include retail and MSME lending, enabling flexibility across customer segments and asset classes.

Munjal said the company has deployed AI to develop a real-time predictive risk intelligence system with multiple risk and collection models for dynamic portfolio monitoring. AI also supports customer service operations, including multilingual query handling, digital collections, and real-time response systems, which the company says has drawn recognition from global tech leaders.

The 'Aspiring India' segment refers to Indian households earning between Rs 2 lakh and Rs 10 lakh annually, projected to reach 181 million by 2030. Hero FinCorp says its pan-India distribution and servicing network positions it to serve first-time credit borrowers in this expanding demographic. The company will proceed with investor outreach and regulatory finalization ahead of the IPO launch.