A finance company is a company which is a specialised financial institution which supplies credit to the customers who purchase goods in credit. These companies are generally known to grant loans to their customers but in small amounts. These specialised consumer financing bodies nowadays operate throughout the Western Europe, the United States, Canada, Australia, Latin American countries and Japan. The list of top 10 best financial companies of India in 2018 is as follow.
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10. Birla Global Finance Limited
This house of finance was set up in the year 1991. This company has its headquarters located in Mumbai (Maharashtra). This is a non- banking financial company and is one of the reputed financial companies. This company has built an impactful presence throughout the verticals of life insurance, NBFC, asset management, private equity, wealth management, brooking, wealth distribution, and all the general insurance advisory services. This company’s aim is to be a leader in a broad based and integrated financial services business.
9. DSP Merrill Lynch Limited
This is one of the oldest companies in the finance group. The organisation was established in 1914. Headquartered in Mumbai (Maharashtra), the company is hundred years old. This company provides services like Research, Future & Options, Equity Sales and Trading, Equity Capital Markets, Electronic Trading, Debt Capital Markets, and M&A.
8. L & T Finance Limited
A subsidiary of well-known company L & T Limited, its finance company is known as L & T Finance Limited. This company is found in the year 1994. This company has completed its journey of twenty years in the finance industry. This company surpasses the others in Personal Loans, Home Loans, as well as Construction Loans. This company has its headquarters located in Mumbai (Maharashtra).
7. ICICI Group
This is a renowned group of financial service providers. This is a multinational bank. This bank has the facilities of rendering customised financial services to the clients. This company was established in the year 1988. This company has its headquarters located in Mumbai (Maharashtra). In 2014 this bank was ranked third in terms of asset and in term of market capitalisation.
This company has been successful in providing term loans to the corporate as well as retail customers throughout the country. The bank has a network of over four thousand eight hundred and fifty branches. This group has a specialisation in investment banking, non-life and life insurances, asset management and venture capital. This company is spread over nineteen countries including India.
6. LIC Housing and Finance Limited
LIC Housing and Finance Limited is trusted by each and every person who is aware of the existence of the company. This company was declared to be the best finance company of 2012. The company was incorporated in the year 1989. It has an enormous number of offices spread all over the country. The headquarters of this company is located in Mumbai (Maharashtra). Over one thousand and four hundred people have been working for this company and have helped it to gain the deserving title in 2012. This is a company which provides insurance facilities to its clients and is also one of the largest group of finance serving companies.
5. PNB Housing Finance
This is a reputed financial company which is working under a famous bank which is known as Punjab National Bank. This company is specialised in home loans. This company was established in the year 2009 and is not an old company. But, this company has been serving well and hence the clients those who have taken the service of this company has helped this company to make a place in the lists of top ten financial companies in India. This company has its headquarters located in New Delhi. This company provides loans against properties. It is a company which holds the license of accepting public deposits.
4. Indiabulls Housing Finance
This is the next company in the top ten list. This company is a part of the Indiabulls Group. The company excels in the areas of home loans and it also goals for fulfilling the aims of the clients as they dream to own a house of their own. This company is also a new company and is established in the year 2005. This company has its headquarters located in Gurgaon. In 2013 IBFSL was reversed and merged into the subsidiary of IBHFL.
3. Bajaj Capital Limited
This company has its presence over fifty years. The foundation of the company was in 1964. This company has its headquarters located in New Delhi. This company has more than fifty branches spread all over the country. This company was founded by Jamnalal Bajaj in the year 1926. This group of companies is one of the oldest and largest conglomerates in Mumbai.
2. SBI Capital Markets Limited
SBI Capital Markets Limited was established in the year 1986. This company is highly regarded finance company in India. This company is a totally owned subsidiary and the investment banking arm of State Bank of India. This company is having five headquarters across India; Ahmedabad, Chennai, Hyderabad, New Delhi and Kolkata. This company provides investment banking and financial advisory. M&A International has awarded the company with the award and title Deal of the Year for 2014 from. The MD AND Chief Executive Officer of this company are Abhay C. Chaudhari.
1. Housing Development Finance Corporation (HDFC)
This is the leader of all the financial companies present in India as of now. Housing Development Financial Corporation is not only a prestigious company but is also a renowned one. The company was established in the year 1977. This company was founded by Hasmukhbhai Parekh. This company has its headquarters located in Mumbai. This company is also known by the abbreviation HDFC.
The number of employees working for this organisation is eighty-four thousand three hundred twenty-five. This company has established its existence in Bahrain, Hong Kong, and Dubai. This company is known as India’s largest private sector lender by the asset. As of February 2016, this company is the largest bank in India by market capitalisation. This bank was also ranked in the sixty-ninth in 2016 BrandZ top 100 most valuable global brands.
The companies in the list are the backbones and pillars of the Indian financial market. These companies help to provide loans to the citizens of India as well as outside of this country. These companies help to fulfil dreams of the people who lack their own finance and fail to make their dreams come true. These companies provide short term loans, house loans, student loans, life and non-life insurances and also long-term loans. These companies are important for the general public of the country.