Want to know about the Top 10 Finance Companies in India? Well you have landed on the right article.
Finance companies are known to lend money to both individuals and businesses.
They do not have to meet up the criteria of the bank and hence are also called Non-Bank Financial Companies (NBFC).
A good financial company plays a key role in strengthening a country’s economic status too.
The main feature of finance companies is to run a business specializing in finance and installment plan sales.
There are many kinds of credits that these companies provide their clients with, such as credits for commercial use and consumer purchases.
Additionally, finance companies are also useful in providing credits for financing your house or projects.
Apart from that, clients of finance companies also get the option to make deposits within a finance company.
This can be done through the purchase of plans such as healthcare premiums, or shareholding. To avail of these services, you must know about the top finance companies in India.
To know more about the working of finance companies, click here.
Also Read: Sugar Companies in India, Top Automobile Companies in India & Top IT Companies in Bangalore
In this guide, we ranked and reviewed the 10+ Top Finance Companies in India , along with our top 3 choices, so that you can pick the best one for you.
Bajaj Finance Ltd.
(Best Overall)
Overall Rating: 4.5/5
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua minim veniam, quis nostrud.
Cholamandalam Investment & Finance Co. Ltd.
(Best Performance)
Overall Rating: 4.3/5
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua minim veniam, quis nostrud.
Ebix Cash World Money India Ltd. (Weizmann Forex)
(Best Price)
Overall Rating: 4/5
Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua minim veniam, quis nostrud.
Top 10 Finance Companies in India (2022)
Want to jump straight to my top picks? My favorite Top Finance Companies in India is Bajaj Finance Ltd. and Cholamandalam Investment & Finance Co. Ltd..
1. Bajaj Finance Ltd.
One of the leading finance companies in India is Bajaj Finance Ltd.
They are quite reputed in the field of life and general insurance distribution and mutual fund distribution.
Bajaj Finance Ltd is considered to be one of the top corporations in the market of lending and allied activities.
Different loans that company offers: home loans, loans against property, loans against insurance body gold loans, And loans against mutual funds and shares, loans against fixed deposits, personal loans, short-term business loans, Flexi loans, and vehicle loans.
Funding services in which sector: consumer lending, SME lending, commercial lending, and rural lending. They also work with deposits, and wealth management.
details
2. Cholamandalam Investment & Finance Co. Ltd.
Cholamandalam Investment & Finance Co. Ltd started as an NBFC
That offered equipment finance to small and medium-sized businesses in the southern part of India.
As this finance company started growing, Cholamandalam Investment & Finance Co. Ltd.
And went on to become a joint venture between two big names – Murugappa Group and DBS Bank of Singapore.
Different loans which company offers: vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking, rural and AGRI loans, and wealth management.
Funding services in which sector: corporate finance, home equity loans, distribution of financial products, and so on.
details
3. Ebix Cash World Money India Ltd. (Weizmann Forex)
Ebix Cash World Money India Ltd. (Weizmann Forex) is one of the most reputed finance companies of foreign exchange services.
This company’s Western Union business solution (WUBS) offers global businesses facility of international payment solutions too.
Ebix Cash World Money India Ltd. (Weizmann Forex) is also known to help its clients with international money transfers.
This company aims to help everyone – from students to businesses.
Different loans that the company offers: traveller’s cheques, prepaid cards, cash, Weizmann forex multi-currency travel card, and travel insurance.
Funding services in which sector: foreign exchange sector.
Details
4. Housing Development Finance Corporation Ltd. (HDFC)
Housing Development Finance Corporation Ltd., popularly known as HDFC,
It is one of the leading housing finance companies in India.
Apart from providing loans to its clients, this finance company also offers banking and insurance services.
There are subsidiaries of this Non-Bank Finance Company too, such as – HDFC Standard Life Insurance Company Limited,
And HDFC Bank Limited, HDFC Ergo General Insurance Company Limited, and so on.
Different loans that company offers: home, plot, and rural housing loans; house renovation and extension loans; commercial property and plot loans; loans against property; HDFC reach loans; and Pradhan Mantri Awas Yojana.
Funding services in which sector: housing, banking, life insurance, asset management, venture capital, realty, and education.
details
5. L&T Infrastructure Finance Co. Ltd.
L&T Infrastructure Finance Co. Ltd is another well-known finance service provider company in India.
After only 9 years of its establishment, this company got classified as an Infrastructure Finance Company (IFC).
The company achieved its next milestone in the year 2011
When it was classified as a Public Finance Institution (PFI) by the Ministry of Corporate Affairs of India.
L&T Infrastructure Finance Co. Ltd is currently functioning in Mumbai, Delhi, Chennai, and Hyderabad.
Different loans which the company offers: Two-Wheeler Finance, farm Equipment Finance, Micro Loans, Housing Finance,
And Real Estate Finance, Infra Finance, SMB Loans, Consumer Loans, Consumer Loans, and Mutual Fund.
Funding services in which sector: hydrocarbon, infrastructure, power, process industries, and defense.
details
6. LIC Housing Finance Ltd.
LIC Housing Finance Ltd is one of the subsidiary companies of LIC. It is one of the leading names in the field of mortgage
And housing loans, and one of the most trusted options for the Indian market when looking for insurance.
It is a finance company with an international reach, as it is functional in Dubai and Kuwait too along with India.
Even though LIC Housing Finance Ltd has a lot of options for residential house building finance services, it has now expanded the area for its corporate clients.
Hence, this finance company now also provides funds for commercial space construction.
Different loans which the company offers: flat renovation, purchase, construction of flats, etc.
Funding services in which sector: housing
details
7. Mahindra & Mahindra Financial Services Ltd.
Mahindra & Mahindra Financial Services Ltd is a popular name in the rural Non-Bank Finance Company area.
Along with providing one of the best financial services in the field of tractor funding in India,
This finance company also reaches out to serve the semi-urban areas of the country.
This finance company claims to be their clients’ one-stop solution for every finance problem.
With close to 20,000 employees, the customer care needs of Mahindra & Mahindra Financial Services’ clients are always satisfied.
Different loans that the company offers: Tractor Loans, Utility Vehicle Loans, Car Loans, Pre-owned Car Loans, Three-wheeler Loans, Two-wheeler Loans, Home Loans, Personal Loans, and SME loans.
Funding services in which sector: rural and urban sector
details
8. Muthoot Finance Ltd.
Muthoot Finance Ltd is considered one of the top NBFC gold loan providers in India.
However, their services are not limited to financing your gold purchases.
They also offer their clients various foreign exchange and money transfer services.
Along with that, Muthoot Finance Ltd also provides people with impressive travel services and sells gold coins too.
With a team of over 25,000 employees, this finance company aims to provide its clients with only the best of the services. Its parent organization is Muthoot Group.
Different loans which company offers: gold loans, housing finance, personal loan, insurances, mutual funds, vehicle loans, corporate loans, and SME loans.
Funding services in which sector: gold financing
details
9. Power Finance Corporation Ltd.
Power Finance Corporation Ltd is often referred to as the backbone of the power sector in India.
Functional under the Ministry of Power, Government of India.
This finance company aims to provide the public with the financing of funds
and non-funded support for the development of its sector
Different loans which company offers: bridge loan, buyer’s line of credit, credit facility for the purchase of power through power exchange, And financing of fuel supply projects and equipment manufacturers, lease financing for the purchase of equipment, and lease financing for wind power projects and line of credit for import of coal.
Funding services in which sector: Indian Power Sector
details
10. Tata Capital Financial Services Ltd
A subsidiary of Tata Capital Ltd – Tata Capital Financial Services Ltd aims to provide its clients with the best financial services.
One of the major reasons why this finance company was able to earn the trust of the public was
Its unique planning and flexible personal loan services.
Their interest rates are competitive, and this company aims to target a wide range of audiences, such as retail and corporate too.
Different loans that which company offers: personal loans, home loans, business loans, vehicle loans, loans against property, loans against security, consumer durable loans, and insurances.
Funding services in which sector: Commercial Finance, Consumer Loans, Wealth Services, and distribution and marketing of Tata Cards.
details
Conclusion
I hope you liked our article on Top 10 Finance Companies in India, if you have any comments or suggestions do share them in the comments below.
It is almost impossible for people today to buy their dream house or their favorite vehicle without any assistance from a bank or finance company.
Since one needs to take a decent amount of loan to cover the costs of their purchases in a reasonable way that does not affect them in the long run,
It is only wise if one wishes to avail of the services of a finance company.
Hence, it is crucial for the working force of India to know about the top finance companies within the nation today.
They help to set up corporate spaces, provide funding for housing needs, and provide several services at reasonable costs.
This list of top 10 finance companies would hopefully help you narrow down to your favorite one when in search of financial assistance.
Frequently Asked Question
Q 1. Who is the No 1 finance company in India?
Bajaj Finance Limited is often considered the number one finance company in India.
Since this company has been in the market for a long time, it has managed to establish a strong sense of trust with its clients during its work ability.
Q 2. Who is the best finance company?
There are many leading finance company of India that is highly trusted by the Indian public.
However, Bajaj Finance Limited and Tata Capital Financial Services Limited are considered to be the best finance companies in India.
Q 3. Who is the largest finance company?
Internationally, Berkshire Hathaway is considered to be the largest finance company in the world. It is based in the United States of America. In India, the largest finance company is Bajaj Finance Limited.
Here are my best picks:
Also Read: Check out my reviews of the best image editing software, the top choices for video editing software, and my full guide to start a blog for beginners.
