11 Best Finance Companies in India

Did you know India is expected to be the fourth-largest private wealth market globally by 2028?

India is one of the most vibrant global economies on the back of robust banking and insurance sectors. The relaxation of foreign investment rules and a series of joint venture deals have led to a steady increase in the finance sector. Moreover, this rise has been accompanied by increased financial literacy in the working class. 

To help you make the best of your finances and stay abreast with the latest trends, we bring you a list of the top finance companies in India.

Top 11 Finance Companies in India

1. Amit Securities Ltd.

Founded in 1992, Amit Securities is a leading non-banking financial institution. It offers a wide range of loans, including auto loans, credit loans, doctor loans, business loans, personal loans, gold loans, tractor loans, and many more. 

  • No of Employees- 11-50
  • Headquarters- Mumbai, Maharashtra
  • Company’s Annual Revenue- Undisclosed
  • Website- Amit Securities
  • Connect with the firm on LinkedIn

2. Altum Credo Home Finance Private Limited

Altum Credo Home Finance Private Limited is a leading home finance company registered with National Housing Bank. The firm’s main objective is to address the home finance needs of customers belonging to low and medium-income groups.

Altum works round the clock to reach across the largely untapped potential of under-served and unserved segments where urban housing shortage exists. The firm’s scope of services includes home loan refinance, MSME loans, home loans for self-construction, and home improvement loans. 

3. Godrej Housing Finance

Established in 2016, Godrej Housing Finance, the Godrej Group, aims to finance home loans and help customers fulfill their dream of buying a home. 

The company’s scope of services includes providing home construction loans, plot loans, balance transfer, and loans against property. The firm believes in working beyond individual goals, hierarchies, and functional identities. 

4. A.K.Capital Service Ltd.

Incorporated in 2006, A.K. Capital Finance Limited is a subsidiary of A. K. Capital Services Limited. It is a leading SEBI registered merchant banker in India. It offers a multitude of fee-based financial services. 

These include funding corporate and institutional clients across various business sectors. Moreover, AKCFL’s customer-centric approach and holistic services facilitate offering end-to-end funding solutions to its clients.

  • No of Employees- 200+
  • Headquarters- New Delhi, India
  • Company’s Annual Revenue- Undisclosed
  • Website- A.K Capital Services 
  • Connect with the firm on LinkedIn

5. IFCI LIMITED

IFCI or the Industrial Finance Corporation India is a top non-banking financial company. Established in 1948, IFCI is a part of both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The firm’s focus is to support industrial growth in India. 

The scope of services includes providing finance for the construction of real-estate, roads, airports, and much more. Moreover, IFCI has financed megaprojects like GMR Goa International Airport, NRSS Transmission, and Raichur Power Corporation. 

  • No of Employees- 200+
  • Headquarters- New Delhi, India
  • Company’s Annual Revenue- $388.3 million
  • Website- IFCI Limited
  • Connect with the firm on LinkedInhttps://www.linkedin.com/company/godrej-housing-finance/?originalSubdomain=in

6. L&T Infrastructure Finance Co Ltd

Founded in 2006, L&T Infrastructure Finance Company is an emerging non-banking financial company. It offers a two-wheeler, supply chain, real estate, housing, farm equipment, and infrastructure financing services.

L&T also provides mutual funds, microloans, wealth management, and financial advisory solutions. The company has served 1000+ clients across the power, telecom, water, oil, and gas sectors. 

7. Ebixcash World Money India Ltd (Weizmann Forex)

Incorporated in 1985, Ebixcash World Money India Ltd provides forex and international payment solutions for global businesses. Ebixcash’s money exchange and money transfer solutions include Western Union business solutions (WUBS), international money transfer, and travel insurance. 

Ebix provides prepaid cards, cash, travelers’ cheques, Weizmann forex multi-currency travel card, and forex for students through its forex services. Ebix’s WUBS also provides forex and global payment solutions for global businesses. 

8. Housing Development Finance Corporation Ltd (HDFC)

Housing Development Finance Corporation Limited or HDFC is a leading provider of housing finance. The company also offers asset management, general insurance, venture capital, banking, and education loan facilities. 

Moreover, it is one of India’s first specialized mortgage companies and the first private sector life insurance company in India. Its subsidiaries include HDFC Standard Life Insurance Company Limited, HDFC Bank Limited, HDFC Ergo General Insurance Company Limited, etc. 

9. Cholamandalam Investment & Finance Co Ltd

Found in the year 1978, Cholamandalam Investment and Finance is a pioneer of financial services. With 1029 branches across the country, it is one of the top finance companies in India. 

It has two subsidiaries: Cholamandalam Securities Ltd, Cholamandalam Distribution Services Ltd, and White Data Systems India Private Ltd.

The firm’s scope of service includes providing vehicle finance, investment advisory services, stock broking home loans, small and medium enterprises (SME) loans, corporate mortgage loans, and a range of other financial services. Cholamandalam also offers rural and agri Loans. 

10. HDB Finance Services 

HDFC Bank is one of the top banks in India and operates HDB Finance Services. It offers a wide range of loans, including business loans, personal loans, auto loans, credit loans, doctor loans, gold loans, tractor loans, and many more. 

The firm operates through a well-knit network of 1000+ branches spread across the country. Over the years, the firm has shown exponential growth that has made it one of the best NBFCs in India. 

11. Bajaj Finserv Ltd

Bajaj Finserv Ltd (BFS) is one of the leading non-banking (NBFC) companies in India. The company is focused on providing consumer lending, SME lending, rural lending, fixed deposits, and providing value-added services. It even offers retail fixed deposits and wholesale fixed deposits.

Bajaj Finserv is also engaged in mutual funds, life insurance, and general insurance distribution. BFS holds a 55.13% stake in Bajaj Finance Limited (BFL) and 74% stakes in Bajaj Allianz General Insurance Company Limited (BAGIC). 

Each of the companies has something interesting and innovative to offer. Follow us to stay updated on the latest developments in the finance industry. 

Did we miss out on your favorite firm? Let us know, in the comments section below!

A logophile by heart, Supriya loves to research and write about the latest technology and trends. She believes that writing is the best medium to influence people in a positive way. 

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