Top 20 Non Banking Financial Companies in India

NBFC or Non Banking Financial companies are very important for the economy of a country. India has some of the major NBFC companies.

As per the RBI, “a Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business but does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property”.

Depending upon their nature of activities, non- banking finance companies can be classified into the following categories:Non Banking Financial Companies

  • Development finance institutions
  • Leasing companies
  • Investment companies
  • Modaraba companies
  • House finance companies
  • Venture capital companies
  • Discount & guarantee houses
  • Corporate development companies

We wrote down a list of top 20 Non Banking Financial companies in India. These companies are not into core banking but they provide financial help.

Top 20 Non Banking Financial Companies

So here is the list of top 20 NBFC in India you may like to know about-

1. HDFC

  • Although HDFC is into core banking however it also gives Non Banking Financial Services like providing small loans and other things like micro finance. HDFC keeps NBF services separate from its core services.
  • Establishing Year: 1977 by Hasmukhbhai Parekh
  • Core Services: Mortgages, Life Insurance, Mutual Funds, Micro Finance etc
  • Total Assets: $3.44 Billion
  • Employees and Operations: 2000+, All over India and overseas
  • Head Office: Mumbai
  • Website: www.hdfc.com

2. Power Finance Corporation

Power Finance corporation is financial backbone of power sector. This company enjoys the status of Navratna Company in India. It is an ISO certified company.

  • Establishing Year: 1986
  • Core Services: Financial Consulting, Investment Banking, Loan Management etc
  • Total Assets: $2.36 Billion
  • Employees and Operations: 330 to 400, Operations restricted to India only
  • Head Office: New Delhi, India
  • Website: www.pfcindia.com

3. Reliance Capital

Reliance Capital is among top 3 private financial services and banking companies in terms of net worth. Reliance Capital comes under the Anil Ambani Group.

  • Establishing Year: 1986 by Dhirubhai Ambani
  • Core Services: Asset Management, Insurance, Broking and Distribution, Commercial Finance, Mutual Funds etc
  • Total Assets: $1.1 Billion
  • Employees and Operations: 11,000+ across all major cities in India
  • Head Office: Mumbai, India
  • Website: www.reliancecapital.co.in

4. Infrastructure Development Finance Company

IDFC is a non banking finance company in India that gives loan for infrastructure related projects in all over India.

  • Establishing Year: Incorporated in 1997, January 30
  • Core Services: Finance for Infrastructure projects, Corporate Finance, Mutual Funds and investment banking
  • Total Assets: $450 Million to $500 Million
  • Employees and Operations: 800 to 1000, India Only
  • Head Office: Chennai, India
  • Website: www.iifcl.co.in

5. Rural Electricity Corp.

Rural Electricity Corp was listed among Forbes Global 2000 companies for the year 2010

  • Establishing Year: 1969
  • Core Services: Investment and Private Banking, asset management
  • Total Assets: $105 Billion
  • Employees and Operations: 600 to 800, around 19 offices all over the country
  • Head Office: New Delhi, India
  • Website: www.recindia.com

6. Shree Global

Shree Global is an iron manufacturing company but it is also in the asset management business.

  • Establishing Year: Incorporated in 1986
  • Core Services: Iron and Steel and financial services
  • Total Assets: Rs 847 Crore to Rs 900 Crore
  • Employees and Operations: 2000 and operations in India
  • Head Office: Mumbai, India
  • Website: www.sgtl.in

7. Shriram Transport Finance

The founder of Shriram transport Finance was awarded Padma Bhushan award by government of India.

  • Establishing Year: 1974 by R Thyagarajan
  • Core Services: Consumer Vehicle Finance, City Union Finance, Micro Finance etc
  • Total Assets: Rs 21,340 Crore
  • Employees and Operations: 2000+ with over 20 different companies
  • Head Office: Chennai, India
  • Website: www.stfc.in

8. Bajaj Holdings

Bajaj Holdings is listed on the Stock Exchange, Mumbai, National Stock Exchange of India Ltd., London Stock Exchange

  • Establishing Year: De Merged on 18 December 2007
  • Core Services: Asset Management, Micro Finance, Loans,
  • Total Assets: Rs 13,000+ Crore
  • Employees and Operations: 1000+ with operations all over the country
  • Head Office: Mumbai, India
  • Website: www.bajajauto.com

9. M & M Financials

Do you know that M & M has over 3 million customers in all over India?

  • Establishing Year: Incorporated on January 1, 1991
  • Core Services: Financial services, Micro Finance, Asset Management etc
  • Total Assets: Rs 17,000 Crore and over
  • Employees and Operations: 3000+, over 700 offices in 2000,000 villages across India
  • Head Office: Mumbai, India
  • Website: www.mahindrafinance.com

10. Muthoot Finance

Muthoot Finance is one of the largest NBFC in India. It is number one when it comes to selling gold coins.

  • Establishing Year: 1939
  • Core Services: Muthoot Finance includes small businesses, vendors, farmers, traders, SME business owners, and salaried individuals.
  • Total Assets: Rs 23,000 Crores+
  • Employees and Operations: 30,000+ with over 4,400 branches all over the country
  • Head Office: Kochi, India
  • Website: www.muthootfinance.com

11. LIC Housing Finance

LIC Housing Finance has provided financial assistance to over 1 million house owners.

  • Establishing Year: 19 June 1989
  • Core Services: Real Estate and Housing Finance and Loans
  • Total Assets: Rs 500 Crore to Rs 600 Crore
  • Employees and Operations: 1500 employees, with over 13 offices and 181 marketing units and 7 regional offices.
  • Head Office: Mumbai, India
  • Website: www. Lichfl.com

12. Edelweiss Capital

Edelweiss capital is one of fastest growing NBFC companies in India.

  • Establishing Year: 1996
  • Core Services: Investment Banking, Brokerage Services, Asset Management, Micro Finance etc
  • Total Assets: Rs 2500 Crores to Rs 3000 Crores
  • Employees and Operations: 4000+ employees with 297 offices in 144 cities
  • Head Office: Mumbai, India
  • Website: www.edelweissfin.com

13. KGN Industries

KGN is one of the lesser know NBFC in India

  • Establishing Year: Incorporated as Royal Finance Limited in year 1994
  • Core Services: Real Estate, Oil and gas, power and energy etc
  • Total Assets: Rs 236 Crore to Rs 250 Crore
  • Employees and Operations: 500 to 800 employees and operation in all major cities of India
  • Head Office: Mumbai, India
  • Website: www.kgnindustries.com

14. Shriram City

Shritam city is listed on both BSE and NSE as well.

  • Establishing Year: 1986
  • Core Services: Gold Loans, white goods, brown goods loans finance, micro finance etc
  • Total Assets: Rs 1320 Crore
  • Employees and Operations: 400 to 500 with presence across India
  • Head Office: Chennai, India
  • Website: www.shriramcity.in

15. National Bank of Agricultural and Rural Development

National Bank of Agricultural and rural development has over 3.3 crore members.

  • Establishing Year: 12 July 1982
  • Core Services: Micro Finance for rural sector
  • Total Assets: Rs 81,220+ Crores in reserves
  • Employees and Operations: 200 to 3000 employees and 28 regional offices336 district offices
  • Head Office: Mumbai, India
  • Website: www.nabard.org

16. IFCI

IFIC became a company in year 1993.

  • Establishing Year: July 1, 1948
  • Core Services: Loans, equity, Micro Finance
  • Total Assets: Rs 31 billion to Rs 32 Billion
  • Employees and Operations: 4000 to 5000 employees with operations all over India
  • Head Office: New Delhi, India
  • Website: ifciltd.com

17. JM Financial

JM Financial is India’s youngest NBFC company.

  • Establishing Year: 2006, founded by Nimesh Kampani
  • Core Services: Investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking
  • Total Assets: Rs 183 Crore to Rs 200 Crore
  • Employees and Operations: 200 to 400 with operations in India
  • Head Office: Mumbai, India
  • Website: www.jmfinancial.in

18. India Infoline

  • Establishing Year: Incorporated in 1995
  • Core Services: Loans and Finance
  • Total Assets: Rs 1130 Crore
  • Employees and Operations: 800 to 1000 with operations around the country
  • Head Office: Mumbai, India
  • Website: www.indiainfoline.com

19. Centrum Finance

  • Establishing Year: 1997
  • Core Services: Investment banking, broking, wealth management etc
  • Total Assets: NIL
  • Employees and Operations: 200 to 300, operations in India alone
  • Head Office: Mumbai, India
  • Website: www.centrum.co.in

20. Tata Capital

The last NBFC is Tata Capital.

  • Establishing Year: 1989
  • Core Services: Consumer finance, wealth management, investment banking etc.
  • Total Assets: $50 Million to $100 Million
  • Employees and Operations: 2000 to 3000, all over India
  • Head Office: Mumbai, India
  • Website: www.tatacapital.com

So these were list of top 20 NBFC in India. Some of them are into core banking also like HDFC.

7 Comments

  1. vishwa on December 4, 2014 at 3:45 pm

    What about HDB FInancial services???

  2. pradeep kumar on December 4, 2014 at 9:08 pm

    Update my email id for new nbfc openings

  3. GOPAL KRISHAN on June 27, 2015 at 1:32 pm

    Send Update List for new NBFC openings on my email id and also send JOB openings on my E-MAIL ID–GOPAL_KRISHAN_1@YAHOO.CO.IN

  4. Santhosh Kumar A on July 5, 2015 at 1:29 pm

    11 years experience in nbfc with MBA in Marketing Management.

    • Santhosh Kumar A on July 5, 2015 at 1:31 pm

      Please email me if any vacancy arises in NBFC.

  5. phool chandra maurya on August 2, 2015 at 8:20 am

    8 years experience of marketing job with MBA we find job

  6. Abhishek on August 4, 2015 at 3:03 pm

    Please e-mail me details about SBN financial. 9146000300

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