Originally versed in the banking sector, IndusInd has managed over the years to invest in a wide range of various services, ranging from media services, information and technology, housing loans and vehicle finance. With a USD 2.65 billion net asset value, we are dedicated to maintain this dynamic growth through on-going investment and acquisition of high value assets
Exponential growth has been our driving force over the years, and our bank is now acknowledged as the Best Mid-Sized Bank in India. When IndusInd bank was launched in 1994, equity of the Company was US$ 36 Mn, and has grown to US$ 2.65 Bn in 2019, with 1410 branches in several countries. This success is now leading us to consider listing. For this purpose, we are keeping up our efforts in making the company more vibrant by means of mergers and acquisitions in the finance sector in India, as well as countries like Mauritius and Sri Lanka.
Using a state-of-the-art technology, we are operating, through IndusInd Media & Communications Limited (IMCL), multiple innovative media services. So far, we are the only Digital Platform Operator (DPO) reaching out to all the states and union territories in India, with packages in 11 languages. We are proud to announce that we now have more than 5 million subscribers, and that our work has been commanded by awards, namely the best NTO (New Tariff Order) Implementation Platform award at the BCS Ratna Awards, as well as the Best Customer Management Services. We are also considering going for listing soon.
In terms of logistics, we have managed to integrate a whole range of diverse services to our company. Through our investee company, Hinduja Leyland Finance Ltd (HLFL), we have a versatile product portfolio, ranging from loans to vehicle finance. Originally a Vehicle Finance Company, HLFL is diversifying into Housing Finance, Loan against Property and Portfolio buyouts. We thus have a presence all over India with more than 1,500 business locations. With a cost of investment of US$ 99.44 Mn, and a fair value of investment of US$ 187 Mn, HLFL is also considering going for listing soon.