Home Credit India Fin plans for network expansion

Gurgaon-based Home Credit India Finance, a private lender for consumer products, plans portfolio-cum-network expansion by 2018. The company, part of The Czech Republic-based Home Credit Group, plans to double its present five million customer base by next year and by 2020, it seeks to grow its presence in 89 cities across 20 States to 497 cities across all States. In this, its dealer network (POS) will be ramped up from over 20,000 to one lakh stores. Its expansion will also see the company increasing its POS network in Tamil Nadu to 2000 by 2018 from 650 now with an increase in employee headcount to 625 from 405. Home Credit India Fin’s vigorous expansion plan is an added business opportunity for the signage companies whose activities involve in in-store display projects.