A company which provides financial services and banking facilities without meeting the legal definition of a Bank, called as Non Banking Financial Company. There are many such as companies in India which covered under the Banking regulations laid down by the Reserve Bank of India, provides many types of services like TFCs, retirement planning, loans, credit facilities, investing and stocking. So, get ready to know about India’s Best Non Banking Financial Companies.
Best Non Banking Financial Companies in India List
1. Power Finance Corporation Limited
Power Finance Corporation Limited is a Navratna Status company which was founded in 1986 which headquarter is located in New Delhi. PFCL operated by Government of India in which more than 330 employees still working. This company is connected with many Organisations such as PFC Consulting Ltd, Orissa Integrated Power Limited, Tatiya Andhra Mega Power Ltd., Sakhigopal Integrated Power Co., Ltd. and many more.
Power Finance Corporation Limited:
2. Shriram Transport Finance Co. Ltd.
Shriram Transport Finance Co. Ltd. (STFC) is a Non-banking which is also known as India’s largest player in commercial vehicle founded on 1979 by Jasmit Singh Gujral. According to official website more than 1,121 Branch Offices & 930 Rural Centres available in India of STFC Co. Ltd.
Shriram Transport Finance Co. Ltd.:
3. Bajaj Finance Limited
Bajaj Finance Limited is notable Consumer lending company in India that provides Non-Banking financial services for consumers. Its headquarter is located in Pune which total revenue is more than 71.5 crores USD. This organisation was funded in 2007.
Bajaj Finance Limited:
4. Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited (MMFSL) is one of the best Non-Banking financial company which was established in 1991 and it has more than 1000 branches in which more than 3 million customer associated. In terms of services, it is specialises to offering corporate advances, home credits, gold advances, vehicle advances, working capital advances and much more.
Mahindra & Mahindra Financial Services Limited:
5. HDB Finance Services
HDB Finance Services is a Non-Banking financial company which is operated by India’s largest private sector HDFC Bank, provides many types of financial services like home loan, car loan, auto loan, consumer durables loans and much more. As per find information, more than 1,000 branches available in India of HDB.
HDB Finance Services:
6. Tata Capital Financial Services Limited
Tata Capital Financial Services Limited is one of the best non banking financial company, established in 2007. This company is a subsidiary limited registered with RBI as ‘Systemically Important Non-Deposit Accepting Non-Banking Financial Company (NBFC)’. Company deals Among the various products by commercial finance, TCFS to individuals, consumer loans and distribution and marketing of Tata Cards, families and businesses, infrastructure finance and wealth management.
Tata Capital Financial Services Limited:
7. L & T Finance Limited
L & T Finance Limited is one of the largest public non banking financial company founded in 1938 by two Danish engineers Henning Holck-Larsen and Soren Kristian Toubro. Its headquarter is located at L&T House, N.M. Marg, Ballard Estate, Mumbai, Maharashtra, India which total revenue was more than Rs. 119,683.69 crore and Net Income is 5,537.99 INR crore.
L & T Finance Limited:
8. Aditya Birla Finance Ltd.
Aditya Birla Finance Ltd was founded in 1991 and is an ISO 9001:2008 certified NBFC. This company is a part of the Aditya Birla Financial Services provides many types of loans such as gold loans, home loans, individual Loans, business, entrepreneur loans and much more. As per find information, ABFL ranks among the top five largest private diversified NBFCs in India.
Aditya Birla Finance Ltd.:
9. Cholamandalam Investment and Finance Company Limited
Cholamandalam Investment and Finance Company Limited (Chola) is a Non-banking financial service which was incorporated in 1978. In terms of products, Chola provides all kinds of services like such as home equity loans, vehicle finance, home loans, SME loans, investment advisory services and much more. More than 725 branches available of Chola in across India.
Cholamandalam Investment and Finance Company Limited: