List of Top 10 Finance Companies in India
Top 10 finance companies in India: Non-Banking Financial Companies (NBFCs) are institutions that facilitate financial and banking facilities without actually meeting the criteria of a bank. These institutions are regulated by the central bank and play a vital role in the economic growth of a country.
Here is the list of top finance companies in India.
1- Bajaj Finance Limited: Founded in 2007, Bajaj Finance Limited is a subsidiary of Bajaj Finserv Ltd. Its head office is in Pune. The company is involved in loans, general insurance, consumer credit, small and medium enterprises (SMEs), commercial loans and wealth management.
2- Tata Capital Financial Services Ltd: Tata Capital Limited is a financial and investment services provider in India. The Mumbai-based company offers consumer loans, wealth management, trade finance, infrastructure finance, among others. The company is a subsidiary of Tata Sons Limited and was established in 2007.
3- Aditya Birla Finance Ltd: Aditya Birla Finance Limited is part of Aditya Birla Financial Services. It was incorporated in 1991 and offers precise and personalized solutions ranging from corporate finance to commercial mortgage lending, and from capital markets to structured finance.
4-L & T Finance Limited: L&T Finance Limited was established in 1994 and is headquartered in Mumbai. It offers financing services to different sectors such as agriculture, trade, industry.
5- Muthoot Finance Ltd: It is India’s first NBFC institution and its history dates back to 1888. Muthoot Finance Ltd only lends against gold ornaments and offers foreign exchange services, money transfers, wealth management, travel and tourism services.
6- Mahindra & Mahindra Financial Services Limited: Established in January 1991 as Maxi Motors Financial Services Limited, Mahindra & Mahindra Financial Services Limited is a non-banking rural financial company headquartered in Mumbai. It is among the leading tractor lenders in India and offers gold advances, working capital advances and ventures among others.
7- HDB Financial Services: HDB Financial Services is operated by HDFC Bank and offers secured and unsecured financial loans. It operates through Lending Business and BPO Services segments and is considered one of the fastest growing financial companies in India.
8- Power Finance Corporation Limited: Founded in 1986, Power Finance Corporation Limited provides financial assistance to different power projects in the country and supports organizations involved in the generation, transmission and distribution of electricity.
9- Shriram Transport Finance Company Limited: Founded in 1979, the company specializes in general insurance, mutual funds, common property, brokerage and general protection. The Company focuses, among other things, on the financing of commercial and commercial vehicles.
10- Investment and financing company of Cholamandalam: Cholamandalam Investment and Finance Company started as an equipment finance company in 1978 as a financial services arm of Murugappa Group and snowballed into a financial services provider.
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