NBFC In India | Top 10 Non-Banking Financial Companies In India 2018
NBFC In India: India is full of financial companies which provides various kinds of financial services. These financial services are usually provided by different financial companies in India. So, it is essential that one should pick the right company as one wrong decision can cost him a lot of money. Though there are a vast amount of companies to choose from, here is the list of top 10 NBFC companies in India in 2018.
NBFC Companies In India 2018
HDFC is a 40 years old company which provides various financial services like Mortgages, life insurances, mutual funds, microfinance services, etc. HDFC company has managed to make assets worth $3.44 billion for itself. HDFC is known as the leading private bank in India, but it has also emerged as the top non-banking financial company in India.
The Mumbai-based HDFC company has a huge number of employed around 2000 works in its different offices all over India. They work to provide the best services that the company offers, which make it the best in the list of top 10 NBFC companies in India.
2. Power Finance Corporation
Power Finance Corporation is a 31 years old company provides financial services to all power related projects all over India. Total assets that the Power Finance Corporation company is having are worth $2.36 billion. The head office of the Power Finance Corporation is in New Delhi, and it is an ISO certified company.
In the past 31 years, Power Finance Corporation has worked excellently to provide best services which include loan management, investment banking, and financial consulting to its various clients. Power Finance Corporation is ranked 2nd in the list of top 10 NBFC companies in India.
3. Reliance Capital
Reliance Capital is a based company which was established in 1986 by famous businessman Dhirubhai Ambani. The Reliance Capital has employed over 11000 employees in cities all around India. Reliance Capital is in the list of top 10 NBFC companies in India.
The company provides various financial services like assets management, commercial finance, mutual funds, insurances, etc. The Reliance Capital company has managed to make assets worth $1.1 billion with their great work.
4. Infrastructure Development Finance Company
Infrastructure Development Finance Company is a Chennai-based company that deals in providing financial services to all the infrastructure related projects all around India. Infrastructure Development Finance Company is one of them on the list of top 10 NBFC companies in India.
The core services of the Infrastructure Development Finance Company include providing mutual funds, investment banking services, and various other financial services. The Infrastructure Development Finance Company was established in 1997 and in just 20 years, the company has made assets worth $500 million for itself.
5. Rural Electrification Corporation
Rural Electrification Corporation is one of the few companies that have featured in Forbes global 2000 companies of the year. The Rural Electrification Corporation was established in the year 1969. The Rural Electrification Corporation is having assets of worth $105 billion.
The Rural Electrification Corporation company is famous for providing services like private banking and asset management etc. The head office of the Rural Electrification Corporation is in Delhi, and it is one of the biggest non-banking finance company in India.
6. Shree Global
Shree Global company was established in the year 1986, and though the Shree Global company is specialized in making iron and steel, they have managed to made assets worth of Rs.900 crores with their financial services as well.
The Shree Global company has employed over 2000 workers in their various offices all around India. Apart from iron and steel, Shree Global company has also provided a lot of people with many kinds of financial services in the past many years.
7. Shriram Transport Finance
Shriram Transport Finance is one of the few companies that have been given any kind of award by the government of India. The company was established in 1974 and has been serving people for more than 40 years now. The company provides various kinds of loans especially vehicle loans etc.
The company has employed 2000+ workers in their 20 different offices, and all the employees do their work passionately. Shriram transport finance company has received a Padma Bhushan from the president of India because of the services that it has provided over the last many years.
8. Bajaj Holdings
The Bajaj Holdings company was established in the year 2017 and in just 10 years, the company has made a big name in the industry. Bajaj Holdings has opened offices in all around India and has incorporated 1000+ employees in those offices. The head office of the Bajaj Holdings company is in Mumbai, and soon the company can become a bigger name in this field.
The core services that the Bajaj Holdings company provides include Assets management, Microfinance services, and various types of loans. The Bajaj Holdings company carries total assets worth Rs. 13,000 crores and they have made this amount in just 10 years which is very impressive. Because of its excellent work, Bajaj Holdings is ranked among the top 10 NBFC companies in India.
9. M & M Financials
The M& M or Mahindra & Mahindra Financials services limited has served over 4.7 million people till now and had 1181 offices all around India. In these 1181 offices, a total of 16,000 employees does their work passionately. It is one of the largest non-banking financial companies in India.
The M& M or Mahindra & Mahindra Financials services limited was established on the first day of the year 1991 and in these 26 years, the company has total assets worth Rs.17000 crores. The core services of M& M company include Mutual funds, fixed deposits, rural housing finance, life insurance, and non-life insurance brokerage services, etc.
10. Muthoot Finance
The Muthoot Finance company was established in the year 1939, and since then, it has emerged as one of the leading gold coins selling the company. The Muthoot Finance company has opened over 4400 branches all around India and has employed 30,000+ workers in these branches. Muthoot Finance company is one of the leading non-banking finance company in India.
The company has total assets worth Rs.23000+ crores which are huge for any company. Muthoot finance also provides loan against gold which was not offered by any of the companies before, but now lots of companies and banks have started giving loans against gold. Muthoot Finance is ranked among the top 10 NBFC companies in India.