Hinduja Leyland Finance Ltd (HLF) was incorporated on November 12, 2008. Pursuant to a
certificate issued by the Reserve Bank of India (“RBI”) on March 22, 2010, our Company was
permitted to commence operations as a non-banking financial company (“NBFC”) under section
45 IA of the Reserve Bank of India Act, 1934. The Company was originally classified as a
systemically important non-deposit accepting non-banking financial company. Our Company
was subsequently granted the status of an NBFC-Asset Finance Company by the RBI pursuant to
a certificate of registration received on May 12, 2014. They are one of India’s leading vehicle finance NBFCs (Source: ICRA – Retail NBFC and HFC Credit Report, 2016) with a focus on urban
and semi-urban markets.