Top 10 Finance Companies in India
1. Bajaj Finance Ltd
One of the leading NBFCs, Bajaj Finance Ltd, is among 10 Finance Companies across the nation. The company is into lending and other allied activities. An array of lending like commercial lending, lending to big and small firms, lending to other business activities, and value-adding services. It offers fixed deposits to both retail and wholesalers. It also provides life insurance, general distribution, and even mutual fund distributions.
2. GIC Housing Finance Ltd
GIC is one of the subsidiaries of general insurance in India. This is one of the top 10 Finance companies in the country. The company is engaged and does housing finance activities. They function in the retail loan segment. They provide loans to people or entities involved in the construction of residential houses, flats, etc. The company is based out of Mumbai, Churchgate.
3. IDFC First Bank Ltd
IDFC was founded in 2015 and is situated in Mumbai, Maharashtra. The bank deals with corporate/ wholesale, treasury, retail banking, and many others. It has over 65 branches and around 10 ATMs across the nation. It extends services like a savings account, home loans, recurring deposits, and payments through online services.
4. HDFC – Housing Development Finance Corporation
HDFC is among the top 5 finance companies in Mumbai, a leading firm that provides housing finance. It also extends services like venture capital, general insurance, education loans, banking, etc. It is one of the first companies to provide mortgage services. It is the first to initiate life insurance services in India.
5. Indiabulls Housing Finance Ltd
This financial company is headquartered in Delhi, India, and was founded in 2005. It is a company that serves financial services to countries like the United Kingdom, India, United Arab Emirates, and many more. They mainly have their focus on the mid-market segments. This company was awarded as the fasted growing housing finance company in the year 2013 -14 by NAREDCO. It was also awarded as the most affordable housing finance company in 2015.
6. L & T Finance Holdings Ltd
A multinational conglomerate, Larsen & Turbo, is headquartered in Mumbai. It provides services in construction, information technology, financial services, manufacturing goods, and many more. They also offer heavy machinery to various areas. It provides real estate, IT services, and construction.
7. LIC Housing Finance Ltd
LIC was founded in the year 1989. It provides services like home loans and mortgage loans. It is located in Mumbai, and its founder is Life Insurance Corporation, India. It is considered one of India’s top housing finance companies. It also provides services like a loan for flat renovation, purchase, construction of flat, etc. Its corporate office is located in Mumbai and provides aid for commercial space building.
8. Mahindra & Mahindra Financial Services ltd
Founded in the year 1991 is headquartered in Mumbai. The company provides aid to the rural and semi-urban crowd of Maharashtra. It offers various retail products and services such as tractors, small and semi-big industries, and financing transportation for commercial and personal use. The company also provides services like mutual funds, fixed deposit schemes, personal loans, etc. Mahindra & Mahindra is India’s one of the top 10 Financial companies.
9. Muthoot Finance Ltd
Headquartered in Kochi, India was founded in the year 1939. The company is engaged in providing gold loans against gold jewelry collaterals. They work for services like Finance and power generation. They provide loans again gold, especially for people who have improper formal credit for a reasonable tenure to suffice their needs and fulfilling their requirements. The company offers gold loans, foreign money transfers, etc. They provide an array of services.
10. PNB Housing Finance Ltd
PNB Housing finance limited was incorporated in 1988. It is into providing Home loans, loans against property as its collateral, plot loans, Home construction loans, land loans, etc. This company has around 38 branches across India and is one of the top 10 companies in India.