In this article, you will see the top 10 Finance companies in India. Financial services are the economic services provided by the finance industry.
The financial system has a significant impact on the economy, with financial service companies being accountable for the nation’s healthy economic growth. Insurance, home financing, mutual funds, credit bureaus, debt recovery, stockbroking, financial analysis, and investment consulting are some of the financial services offered by finance businesses.
Housing Development Finance Corporation Limited (HDFC) is an Indian private development finance institution based in Mumbai.
Finance company that ranks among the top ten in India.
It was founded as India’s first private sector life insurance business.
It is one of the major finance companies in India which provides a variety of services to its customers.
HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI).
In 2000, HDFC Asset Management Company launched its mutual fund schemes.
It is one of the largest providers of housing loans in India.
There are 33 individual goods and eight group products available.
Type
Private Development Finance Institution
Industry
Financial services
Founded
1977
Headquarters
Mumbai, Maharashtra, India
Products
Mortgage Loans
Revenue
₹135,968 crore
Total assets
₹966,349 crore
employees
3,226
2.) Bajaj Finance Ltd.
Bajaj Finance Limited (BFL),a subsidiary of Bajaj Finserv,is an Indian non-banking financial company headquartered in Pune.
Bajaj Auto Finance Limited on March 25, 1987, as a non-banking financial company.
Bajaj Finance Ltd is a significant NBFC and one of India’s top ten finance businesses.
Company deals with a variety of sectors, including wholesale and retail deposits.
Bajaj Auto Finance expanded into company and property loans in the years.
It has over 33,000 distribution sites and 294 consumer branches, and 497 rural outlets.
Type
Public
Industry
Financial services
Founder
Rahul Bajaj
Headquarters
Pune, India
Products
Lending, fixed deposits, mutual funds
Revenue
₹17,090 crore
Total assets
₹138,003.57 crore
3.) Shriram Transport Fin Co.
Shriram Group is an Indian conglomerate headquartered in Chennai.
It was founded on 5 April 1974 by R. Thyagarajan, AVS Raja and T. Jayaraman.
Shriram Transport Finance Company is the largest commercial vehicle financier in India.
Shriram Housing Finance is a subsidiary of Shriram City Union Finance and mainly provides home loan services.
Shriram Capital is the holding company of Shriram Group.
Shriram Fortune is the financial services distribution arm of the group.
Shriram AMC is an asset management company focused on mutual funds.
Shriram Insight is a retail stockbroker.
Type
Conglomerate
Industry
Financial services
Revenue
Increase₹1.06 lakh crore
employees
55,000
4.) Muthoot Finance Limited
Muthoot Finance Ltd. is an Indian financial corporation and the largest gold loan NBFC in the country.
The company is headquartered in Kochi, Kerala and operates over 4,400 branches throughout the country.
Outside India, Muthoot Finance is established in the UK, the US, and the United Arab Emirates.
Its stocks are listed on the Bombay Stock Exchange (BSE) and NSE.
The Company’s business is to provide loans (finance) against gold jewelry as collateral.
The Company generally provides personal and Company loans (secured by gold jewelry) to persons who do not have accesstoformal credit for a fair period to satisfy their short-term working capital needs.
In India, the Company has a branch network of around 4,294 locations.
The corporation manages the Kochi Chapter of the “Horn Not Ok Please” program, promoting awareness about traffic noise pollution’s adverse impacts.
Type
Public
Industry
Financial services
Founded
1939
Products
Mortgage loans, Insurance, Mutual funds
Revenue
₹9,707 crore
Total assets
₹54,881 crore
employees
25,554
5.) Power Fin Corp Ltd.
Power Finance Corporation Ltd. (P. F. C.) is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India.
PFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Interest on loans and income from different services are two of the Company’s principal products/services.
Ravinder Singh Dhillon, the corporation’s chairman and managing director is now in charge.
Commercial, Projects Division, and Finance & Financial Operations Division are the three branches of the organization, each led by a Functional Director.
PFC is a lean business.
As of March 31, 2019, there were around 500 workers.
Type
Central Public Sector Undertaking
Industry
Financial services
Founded
July 1986
Headquarters
New Delhi, India
Products
Rupee Term Loan, Foreign Currency Loan, Short Term Loan
Revenue
₹71,700 crore
Total assets
₹775,707 crore
employees
484
6.) Aditya Birla Capital Ltd
Aditya Birla Group is an Indian multinational conglomerate, headquartered in Mumbai.
The group was founded by Seth Shiv Narayan Birla in 1857.
It is one of India’s largest corporate houses operating in 26 countries.
The company is majorly engaged in the business of non-ferrous metals, viscose filament yarn, viscose staple fiber, cement, fertilizers, chemicals, branded apparel, carbon black, sponge iron, telecom, IT services, financial services, insulators, and BPO.
It ranks among the top five largest private diversified NBFCs in India.
Type
Private
Industry
Conglomerate
Headquarters
Mumbai, Maharashtra, India
Revenue
US$60 billion
Owner
Kumar Mangalam Birla
employees
140,000
7.) M&M Fin. Service Ltd
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai.
Mahindra Finance started on 1 January 1991, as Maxi Motors Financial Services Limited.
Mahindra Finance is registered with the Reserve Bank of India as an asset finance, deposit taking NBFC.
The Company caters to the financial requirements of Indians living in rural and semi-urban areas.
It is one of India’s top ten financial institutions.
They consolidated their product line by incorporating small and medium businesses (SME) finance.
Mahindra Mutual Fund’s Investment Manager is Mahindra AMC Pvt Ltd.
L & T Finance Limited was established in 1994 and is headquartered in Mumbai.
The company is counted among world’s top five construction companies.
It was founded by Henning Holck-Larsen and Søren Kristian Toubro, who were two Danish engineers taking refuge in India.
L & T provides services to its customers like financial counseling, house equipment, two-wheelers, supply chain, infrastructure, etc.
The L&T Mutual Fund’s investment manager is LTIM.Until the deal L&T Finance Holdings was entitled to surplus funds in LTIM.
L&T Finance Holdings is a non-banking financial company that is one of India’s most valued and quickly developing (NBFCs).
Type
Public
Industry
Conglomerate
Headquarters
L&T House, Ballard Estate, Mumbai, Maharashtra, India.
Products
Heavy equipment. Electrical equipment
Revenue
₹158,788 crore
Total assets
₹320,048 crore
employees
337,994
9.) LIC Housing Finance Ltd
LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India.
LIC HFL Registered and Corporate office at Mumbai.
LIC HFL is a subsidiary company of LIC.
The company also finances for the purpose of repair and renovation of existing flats and houses.
The Company is very well known for providing long term financing to individuals engaged in the business of construction of houses or flats for residential purpose.
LIC of India also holds promoter and controller status in IDBI Bank Ltd. from January 2019.
It is one of India’s top ten financial firms.
The Company’s central objective is to provide long-term financing to individuals to purchase or build residential houses or flats.
it also provides funding for repairing and refurbishing living flats and houses.
Type
Public
Industry
Financial services
Founded
19 June 1989
Founder
Life Insurance Corporation of India
Headquarters
Mumbai, India
Products
Home loans and Mortgage loans
Revenue
₹5,830 crore
employees
2,103
10.) Infrastructure Development Finance Company Limited
Infrastructure Development Finance Company Limited, more commonly known as IDFC, is a finance company based in India under Department of Financial Services, Government of India.
It provides finance and advisory services for infrastructure projects as well as asset management and investment banking.
IDFC was incorporated on 30 January 1997 by Government of India with its registered office in Chennai and started operations on 9 June 1997.
IDFC Bank started operating banking services on 1 October 2015.
In May 2008, the company entered into asset management by acquiring the AMC business of Standard Chartered Bank in India.
Industry
Banking, Financial services
Founded
1997
Headquarters
Chennai, Tamil Nadu, India
Owner
Government of India
Services
Infrastructure Advisory and Finance,Investment banking,Asset Management
