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Top 50 nbfc list in india – As India’s economy continues to expand, the demand for non-banking financial services (NBFCs) is growing. Whether you’re looking for access to capital or wanting to invest in a company, NBFCs are the go-to option for many businesses and individuals in India. That said, with so many NBFCs out there, it can be difficult to know which one is right for you. That’s why we put together this list of the top 50 NBFCs in India. Read on to get an overview of each NBFC and what they have to offer so you can choose the right one for your needs.
What is an NBFC?
An NBFC is a non-banking financial company that provides banking services without being a bank. They are regulated by the RBI and their activities are similar to banks, but they cannot accept deposits from the public.
NBFCs offer many services such as loans, credit products, and money transfer services. They are an important part of the financial system in India and help to provide access to credit for many people who may not be able to get a loan from a bank.
The top NBFCs in India include HDFC Bank, Axis Bank, ICICI Bank, and Bajaj Finance. These companies have a strong presence in the country and offer a wide range of products and services.
What are the benefits of using an NBFC?
There are several benefits of using an NBFC over a bank, these include:
-NBFCs are not subject to Reserve Bank of India (RBI) guidelines, meaning they have more freedom to set their own lending rates. This can make them more competitive than banks.
-NBFCs can lend money to people who may not be eligible for a loan from a bank. This could be due to factors such as a poor credit history or insufficient collateral.
-NBFCs are often quicker and easier to deal with than banks. They may have fewer branches, but this can make them more accessible for customers.
-NBFCs usually focus on a specific type of lending, such as housing loans or vehicle loans. This means they can offer expertise and tailored products that might not be available from a bank.
Top 50 NBFC List in India 2023
Here is a list of the top 50 non-banking financial companies (NBFCs) in India, according to their market capitalization as of December 2021:
- Housing Development Finance Corporation Limited (HDFC)
- Bajaj Finance Limited
- Shriram Transport Finance Company Limited
- Mahindra & Mahindra Financial Services Limited
- Bajaj Finserv Limited
- Cholamandalam Investment and Finance Company Limited
- ICICI Bank Limited
- Indiabulls Housing Finance Limited
- L&T Finance Holdings Limited
- Shriram City Union Finance Limited
- Reliance Capital Limited
- Religare Enterprises Limited
- HDFC Bank Limited
- ICICI Prudential Life Insurance Company Limited
- Birla Sun Life Insurance Company Limited
- Tata AIA Life Insurance Company Limited
- Kotak Mahindra Bank Limited
- Aditya Birla Sun Life Insurance Company Limited
- Max Financial Services Limited
- PNB Housing Finance Limited
- M&M Financial Services Limited
- ICICI Lombard General Insurance Company Limited
- Bajaj Allianz Life Insurance Company Limited
- HDFC Standard Life Insurance Company Limited
- Kotak Mahindra Old Mutual Life Insurance Limited
- Reliance Nippon Life Insurance Company Limited
- Tata AIG General Insurance Company Limited
- Birla Sun Life Asset Management Company Limited
- ICICI Prudential Asset Management Company Limited
- Reliance Capital Asset Management Limited
- HDFC Asset Management Company Limited
- Kotak Mahindra Asset Management Company Limited
- Franklin Templeton Asset Management (India) Private Limited
- SBI Life Insurance Company Limited
- Aditya Birla Capital Limited
- Edelweiss Financial Services Limited
- Motilal Oswal Financial Services Limited
- Reliance Home Finance Limited
- Shriram Housing Finance Limited
- Indiabulls Ventures Limited
- ICICI Securities Limited
- HDFC Securities Limited
- Kotak Securities Limited
- IIFL Securities Limited
- Reliance Securities Limited
- Angel Broking Limited
- Sharekhan Limited
- Zerodha Brokerage Limited
- ICICI Direct (ICICI Securities Limited)
- HDB Financial Services Limited
Please note that this list is subject to change, as the rankings of financial companies can fluctuate based on various factors such as market conditions and performance.
How to choose the best NBFC for you
When it comes to choosing the best NBFC for you, there are a few key factors to keep in mind. Here are a few tips to help you choose the best NBFC for your needs:
1. Do your research: It is important to do your research when choosing an NBFC. Make sure to read reviews and compare different companies before making a decision.
2. Consider your needs: What are you looking for in an NBFC? Make sure to consider your specific needs when choosing a company.
3. Compare rates and fees: Be sure to compare rates and fees between different companies before making a decision.
4. Read the fine print: Always read the fine print before signing any agreement with an NBFC. This will help you avoid any hidden fees or charges.
5. Ask questions: If you have any questions, be sure to ask them before signing up with an NBFC. This will help you make the best decision for your needs.
1. Housing Development Finance Corporation Limited (HDFC)
Founded in 1977, Housing Development Finance Corporation Limited (HDFC) has come a long way in becoming India’s leading housing finance institution. It is now the largest private sector bank with an asset base of over Rs 6.8 lakh crore, making it one of the top financial institutions in India. The company offers a wide range of services including mortgages, vehicle loans, education loans, personal loans and small business loans to customers across the country. In this blog post, we will take a closer look at HDFC’s business model and its offerings as well as how it has become such a key player in India’s financial market.
What is HDFC?
HDFC is an Indian financial institution providing housing finance. It was founded in 1977 and is based in Mumbai, Maharashtra. HDFC is India’s largest provider of mortgage loans.
HDFC offers a range of housing finance products such as home loans, home improvement loans, home equity loans, and property development finance. HDFC also provides loan against property and lease rental discounting to individuals and corporates.
HDFC has a wide network of branches and customer service centres across India. It also has a representative office in Dubai.
HDFC offers a number of value-added services such as insurance, asset management, and credit cards. HDFC has partnerships with leading banks and financial institutions in India and abroad to offer its customers a comprehensive suite of products and services.
What are the different types of HDFC products and services?
HDFC offers a wide range of products and services to meet the needs of its customers. These include housing loans, home equity products, personal loans, vehicle loans, credit cards, and deposit products. HDFC also offers a variety of insurance products and investment products.
Housing Loans:
HDFC provides housing loans for the purchase or construction of a home. The loan can be availed for a period of up to 30 years. HDFC also offers home equity products which allow customers to use their home as collateral for a loan.
Personal Loans:
HDFC offers personal loans for various purposes such as wedding expenses, travel expenses, medical expenses, etc. The loan can be availed for a period of up to 5 years.
Vehicle Loans:
HDFC provides vehicle loans for the purchase of new or used vehicles. The loan can be availed for a period of up to 5 years.
Credit Cards:
HDFC offers credit cards with different features and benefits depending on the card type. HDFC also offers prepaid cards which can be used like debit cards.
How to apply for an HDFC product or service?
If you’re looking to apply for an HDFC product or service, there are a few things you’ll need to keep in mind. First, you’ll need to ensure that you meet the eligibility criteria for the product or service you’re interested in. Next, you’ll need to gather the required documents needed for the application process. Lastly, you’ll need to submit your application online or through a HDFC branch.
To start, let’s take a look at the eligibility criteria forHDFC products and services. For most products and services, you’ll need to be an Indian resident with a valid identity proof. You may also be required to have a minimum monthly income and/or assets under your name. Once you’ve checked that you meet the eligibility criteria, it’s time to gather the necessary documents.
For most products and services, you’ll need to provide your personal details like name, date of birth, contact information, etc. You may also be required to provide financial documents like bank statements, income tax returns, etc. Once you have all the required documents ready, it’s time to submit your application.
You can submit your application online through HDFC’s website or through a HDFC branch. If you’re applying online, simply fill out the form with all the required information and upload the necessary documents. If you’re applying through a HDFC branch, bring along all the required documents and speak to a representative who will help guide you through the process.
2. Bajaj Finance Limited
Bajaj Finance Limited is one of India’s leading NBFCs. It offers a wide range of financial services, from personal and business loans to insurance and investment options. Bajaj Finance has established itself as a reliable, customer-centric organization that provides high-quality services in an efficient and cost-effective manner. In this blog post, we’ll take a look at the details of Bajaj Finance Limited, its products and services, and how it can help you with all your financial needs. Read on to learn more about this innovative company and what it can do for you!
What is Bajaj Finance Limited?
Bajaj Finance Limited is an Indian NBFC and a subsidiary of Bajaj Finserv. It was founded in 2007 and is headquartered in Pune. The company provides retail loans, two wheeler loans, commercial lending, SME lending, and more. It also has a presence in Nepal and Sri Lanka. As of March 31, 2020, the company had a loan portfolio of Rs. 1,206 billion (~$16 billion).
Bajaj Finance Limited offers a wide range of financial products and services to its customers. These include personal loans, two wheeler loans, commercial lending, SME lending, home loans, credit cards, etc. The company also has a presence in Nepal and Sri Lanka. It offers its products and services through a network of over 4500 branches and 9800 point-of-sale locations across India.
The company has strong growth prospects owing to the growing demand for credit in the Indian economy. Additionally, the company’s focus on technology-driven solutions will help it gain market share in the fast-growing digital lending space in India.
The History of Bajaj Finance Limited
Bajaj Finance Limited is an Indian non-banking financial company (NBFC) which is a part of the Bajaj Group. The company was founded in 1987 and is headquartered in Pune, Maharashtra. It is one of the largest NBFCs in India with assets of over Rs 1 lakh crore as of March 2019.
The company started off as a small leasing and hire purchase finance company but has now grown to become a leading player in the consumer finance, SME financing, commercial lending, and rural lending space. Bajaj Finance has a widespread network of over 10,000 touchpoints and serves over 40 million customers across India.
Bajaj Finance Limited has been able to grow at an exponential rate due to its strong focus on customer service and technology. The company has been constantly innovating to make the customer experience better. Some of the initiatives taken by the company includelaunching digital products like e-statement and e-mandate, setting up customer service centres across India, and investing in data analytics to better understand customer needs.
Bajaj Finance Limited has received many accolades over the years for its performance. Some of the awards won by the company include CNBC TV18 Financial Sector Award for ‘Best Non-Banking Financial Company’ (2018), Business Today Best Companies to Work For Award (2017 & 2018), Forbes India Best Banks & NBFCs Award (2017), and more.
The Future of Bajaj Finance Limited
Prathamesh Mallya, analyst at Angel Broking, said, “Bajaj Finance’s performance continues to be extremely robust on all fronts… The company’s ability to capitalise on the tailwinds in the industry is clearly visible in its performance.”
Going forward, we believe that Bajaj Finance is well placed to capitalise on the growing demand for consumer credit in India. With its strong focus on digitisation and customer centricity, the company is well positioned to gain market share in the coming years. We expect the company to report strong growth in earnings over the next few years.
We have a positive view on Bajaj Finance and maintain our buy rating on the stock with a target price of Rs 6,000.
3. Shriram Transport Finance Company Limited
1.Shriram Transport Finance is one of the leading non-banking financial institutions in India that offers a range of vehicle finance products.
2. The company has a strong focus on serving the needs of the transportation sector and has a wide network of branches across India.
3. Shriram Transport Finance offers competitive interest rates and flexible repayment options to its customers.
4. The company has a strong track record of growth and profitability, with a reported net profit of Rs 1,420 crore for FY 2017-18.
5. Shriram Transport Finance is well-positioned to continue its growth trajectory in the years to come.
4. Mahindra & Mahindra Financial Services Limited
1. Mahindra & Mahindra Financial Services Limited is a leading provider of financial services in India.
2. The company offers a wide range of financial products and services to its customers.
3. Mahindra & Mahindra Financial Services Limited has a strong customer base and a wide network of branches across India.
4. The company has a strong commitment to providing quality financial services to its customers.
5. Cholamandalam Investment and Finance Company Limited
1. Cholamandalam Investment and Finance Company Limited is a publicly traded company with a net worth of $4.6 billion as of March 31, 2020.
2. The company is headquartered in Chennai, India and was founded in 1978.
3. Cholamandalam Investment and Finance Company Limited is engaged in the business of lending and investment, with a focus on retail customers.
4. As of March 31, 2020, the company had a total loan portfolio of Rs. 54,655 crore ($7.3 billion).
5. Cholamandalam Investment and Finance Company Limited has a strong focus on social and environmental sustainability, with a commitment to responsible lending practices.
6. ICICI Bank Limited
1. ICICI Bank Limited is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara.
2. As of March 31, 2018, ICICI Bank had a network of 5,275 branches and 15,589 ATMs across 2,761 cities and towns in India.
3. The bank has a total workforce of 85,622 employees.
4. In terms of market capitalization, as of March 31, 2018, ICICI Bank was the second largest bank in India with ₹257 billion (US$3.9 billion).
5. For the quarter ended March 31, 2018, ICICI Bank reported consolidated net profit of ₹2,519 crore (US$400 million), up 16% from the previous quarter.
6. Total consolidated assets of ICICI Bank as of March 31, 2018 stood at ₹974 billion (US$15 billion).
7. Indiabulls Housing Finance
1. Indiabulls Housing Finance is an Indian mortgage lender headquartered in Gurgaon, Haryana.
2. As of March 31, 2018, the company had a net worth of ₹ 464.94 billion (US$6.9 billion).
3. The company was founded in 1999 and is listed on the BSE and NSE.
4. Indiabulls Housing Finance is one of the largest housing finance companies in India.
8. L&T Finance Holdings Limited
1. L&T Finance Holdings Limited is an Indian conglomerate with a net worth of over US$12 billion.
2. The company has a strong presence in the financial services sector and has been growing steadily over the past few years.
3. L&T Finance Holdings Limited is a diversified company with interests in various sectors such as infrastructure, power, energy, and more.
4. The company has a good track record and is well-regarded by analysts and investors.
5. L&T Finance Holdings Limited is a good long-term investment option for those looking for exposure to the Indian market.
9. Shriram City Union Finance Limited
1. Shriram City Union Finance Limited is a public limited company.
2. It was incorporated on 20 October 1986.
3. The company is engaged in the business of providing finance to individuals and small businesses.
4. As of 30 June 2019, the company’s net worth was ₹ 9,721 crore (US$)
10. Reliance Capital Limited
1. As of March 31, 2020, Reliance Capital Limited had a net worth of Rs. 16,500 crore.
2. This is a decrease of Rs. 2,500 crore from the previous quarter.
3. The company attributed the decrease to the coronavirus pandemic and the consequent market volatility.
4. Despite the challenges posed by the pandemic, Reliance Capital remains committed to its growth plans.
Conclusion
This top 50 NBFC list in India is a great resource for those looking to find the best non-banking financial companies operating within the country. By reviewing this list, you can quickly narrow down your search and find an institution that meets your financial needs. Whether you are seeking business finance or personal loans, these institutions offer a wide range of services, so take some time to explore their offerings and make sure you select one that suits your requirements.