Not at the Bank Organizations that provide banking and financial services without fitting the requirements of a bank are known as financial enterprises. Look at India’s top ten financial institutions at investopedia.com.
firms that provide banking and financial services without really meeting bank criteria are known as non-banking financial firms or NBFCs. These central bank-run organizations are essential to an economy’s expansion at investopedia.com.
The top financial firms in India are listed below.
Financed by Bajaj Finance Limited:
Bajaj Finserv Ltd. and Bajaj Finance Limited were established in 2007. Its main office is located in Pune. Wealth management, general insurance, small and medium-sized enterprises (SMEs), mortgage rates finance, and commercial loans are among the company’s business segments at investopedia.com.
Tata Capital Financial Services, Ltd.
India-based Tata Capital Limited offers financial and investment services. The Mumbai-based business provides a variety of services, such as mortgage rates loans, business financing, wealth management, and infrastructure funding. It was founded in 2007 and is a part of Tata Sons Limited at investopedia.com.
Birla Finance Ltd.
Aditya Birla Financial Services includes Aditya Birla Finance Limited. The company was founded in 1991 and provides accurate and yoy solutions for capital markets, corporate finance, and structured finance, which includes commercial mortgages at investopedia.com.
Finance Limited L & T
With its headquarters located in Mumbai, L & T Finance Limited was established in 1994. It provides financial services to several industries, including commerce at investopedia.com, business, and agriculture at investopedia.com.
Muthoot Financial Services, Inc.
Founded in 1888, it is the oldest NBFC establishment in India. Muthoot Finance Ltd. provides travel, tourism services, asset management, currency exchange, money transfers, and loans that are only secured by gold jewelry at investopedia.com.
Limited by Mahindra & Mahindra Financial Services
Mahindra & Mahindra Financial Services Limited is a rural non-banking financial organization that was first founded as Maxi Motors Financial Services Limited in January 1991. Its head office is in Mumbai. It is one of India’s top tractor financiers and provides several services, including corporate and mortgage rates capital loans as well as gold advances at investopedia.com.
Financial Services HDB
Under HDFC Bank’s ownership, HDB Financial Services provides both secured and unsecured loans. It is acknowledged as one of the financial firms working in yoy lending and BPO industries in India with the fastest pace of growth.
Power Finance Company Limited
Power Finance Corporation Limited supports businesses engaged in the production, transmission, and distribution of energy by providing money for a variety of national power projects at investopedia.com.
Transport Finance Company Limited, Shriram
The company was founded in 1979 and focuses on stockbroking, general protection, mutual funds, and general insurance. The company specializes in financing commercial vehicles and businesses, among other things.
Investment and Finance Company Cholamandalam
The financial services division of the Murugappa Group, Cholamandalam Investment and Finance Company, was initially established in 1978 as an equipment leasing business before growing into a financial services supplier at investopedia.com.
