Best NBFC In India
A Non Banking financial company also known as NBFC is a company registered beneath the companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, inventory, bonds, rent-buy insurance business or chit-fund business but does no longer include any group whose principal business includes agriculture, business hobby or the sale, purchase or construction of immovable assets.
So here is the list of top 10 best NBFC in India
Also Read: Top 10 Banks in India
1. Bajaj Finance Limited
Bajaj Finance limited is an Indian Non-Banking financial company (NBFC) which is a subsidiary of Bajaj finserv limited. The company deals in consumer Finance, SME and business Lending, and Wealth management. The corporation has 294 customer branches and 497 rural locations with over 33,000+ distribution points and a head quarter in Pune, Maharashtra.
The parent company, Bajaj Finserv constrained, holds 57.28% of the entire stocks and has a controlling stake in the subsidiary. Other significant investors consist of Maharashtra Scooters limited, government of Singapore, Smallcap world Fund INC and AXIS long time equity Fund.
2. Power finance Corporation Limited (PFC)
Power Finance Corporation Ltd. is an Indian financial institution established in 1986. With Net worth of is INR 38,274 Crore, PFC is the financial back bone of Indian Power Sector as on 2018.
Considering the fact that its beginning, PFC has been supplying monetary assistance to energy projects throughout India inclusive of technology, transmission, distribution and RM&U projects. lately, it has forayed into financing of other infrastructure projects that have backward linkages to the energy region like coal mine improvement, fuel transportation, oil & gas pipelines and so on. The borrower profile consists of state electricity boards, state sector power utilities, central sector power utilities and personal region corporations.
3. Shriram Transport Finance Company Limited
Shriram transport Finance company Ltd a flagship company of Shriram group, is India’s largest participant in industrial automobile finance. The enterprise is a leader in prepared financing of pre-owned trucks with strategic presence in five-10 yr old vehicles. It has a pan-India presence with a community of 1,230 branches, and employs 24,533 employees which includes 15000+ field officers.
STFC has a vertically included commercial enterprise version and gives a number of merchandise which encompass: Pre-owned CV financing, New CV financing and different loans like accidental repair loans, tyre loans and working capital finance, and so on. Shriram transport Finance Ltd was included on June 30, 1978 as a public limited business enterprise. The organisation turned into shaped with the intention to provide lease buy and rent finance for the medium and heavy commercial vehicles.
4. L&T FINANCE HOLDINGS LTD.
L&T Finance Holdings Ltd. is a financial company giving a targeted range of monetary product and services across rural housing and wholesale finance sectors additionally as investment company and wealth management services.
The company additionally offers debt capital markets services as a part of its wholesale finance business section. The company’s housing finance business includes home loans and loans against property and realty finance. The company’s rural finance business includes farm instrumentation finance 2 wheeler finance and micro-finance.
5. HDB Finance Services
HDB finance Services is a leading Non-Banking financial Company that caters to the growing desires of an Aspirational Republic of India, serving each Individual and Business clients. Established in 2007, HDBFS is a well-established business with robust capitalization.
HDB financial Services limited may be a company of HDFC Bank. HDBFS is licenced with CARE AAA; CRISIL AAA ratings for its long-term debt and Bank facilities and an A1+ rating for its short debt & industrial papers making it one among the most reliable and best NBFC in India.
6. Muthoot Finance
Muthoot Finance limited is the largest gold finance company in India in terms of loan portfolio. the corporate provides personal and business loans secured by gold jewelry or Gold Loans primarily to people who possess gold jewellery.
In addition to finance gold transactions, the corporate offers foreign exchange services, cash transfers, wealth management services, travel and tourism services, and sells gold coins at Muthoot Finance Branches. With sturdy portfolio and sensible credit Muthoot finance is one of the best NBFC in India.
7. Cholamandalam Finance
Cholamandalam finance limited established in 1978 as the financial services arm of the Murugappa group. Cholamandalam commenced business as an instrumentality finance company and has these days emerged as a comprehensive financial services provider giving vehicle finance, home loans, home equity loans, SME loans, investment consultatory services, stock broking and a range of different monetary services to customers.
With a huge client base and decent working capital cholamandalam finance is one of the best NBFC in India.
8. Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra financial Services limited is a Rural NBFC headquartered in Mumbai, India. it’s amongst the highest tractor financer in India and offers a good range of economic product to deal with varied client necessities.The NBFC has 1000+ offices unfold across 1 in each three villages across India with a complete of over 4.7 Million customers till date.
M&M Finance portfolio consists of auto finance, which incorporates finance of passenger vehicles, utility vehicles, tractors, business vehicles, construction equipment; and pre-owned vehicles and SME finance, which has project finance, instrumentality finance, capital finance and bill discounting services to SMEs. the corporate conjointly undertakes mutual fund distribution, fixed deposits and private loans tailor-made to suit its distinctive client set that’s what makes it one of the best NBFC in India.
9. Aditya Birla Capital Ltd.
Aditya Birla Capital limited is the financial services platform of the Aditya Birla group. once referred to as Aditya Birla financial Services limited, ABCL includes a sturdy presence across the life insurance, asset management, non-public equity, company lending, structured finance, project finance, general insurance broking, wealth management, equity, currency and commodity broking, on-line personal finance management, housing finance, pension fund management, insurance and asset reconstruction business.
With a wide range of services and almost 27000 employees and India wide presence aditya birla capital is one of the best NBFC in India.
10. Manappuram Finance
Manappuram Finance Ltd is a non-banking financial company (NBFC) located in Valapad, Thrissur, Kerala state. Manappuram has over 4190+ branches across twenty five states, a employees strength of over 190,00+ people.
Manappuram Finance limited has additionally ventured into the exchange business with the reserve bank of India having granted associate Authorised Dealer – II licence to the corporate which allows it to impact outward remittances for a range of functions like overseas medical treatment, education abroad, business travel, conferences etc. the corporate has additionally commenced Instant cash Transfer together with UAE Xchange, Wallstreet and MoneyGram. No wonder manappuram finance is one of the best NBFC in India