Finance companies play a key role in the growth and development of a country like India and there are a number of companies playing a vital role in the Indian investment market. Their services include lending of money to business enterprises as well as consumers for their projects and ventures, all of which help in growth of the economy. For this reason, the role as well as importance of the finance companies cannot be ignored.
Here is a list of top 10 finance companies in India:
10. Birla Global Finance Limited
One of the big names in the Indian financial market is that of Birla Global Finance Limited, which was set up in 1991 and has its head office in Mumbai. The company is operated by the prestigious Aditya Birla Group and has a glorious history of 20 years in this field.
9. DSP Merrill Lynch Limited
Featuring next on the list of top 10 finance companies in India is DSP Merrill Lynch Limited, which dates back to 1914 making it one of the oldest and most reputed names in the industry. The headquarters of this 100 year old company is located in Mumbai.
8. L & T Finance Limited
A subsidiary of the well known company L & T Ltd, the finance company called L & T Finance Limited makes it next on the list. Founded in 1994, has already completed 20 years of excellence and is also based in Mumbai. Home loans, corporate loans, commercial loans, personal loans and construction loans are some of the products offered by L & T Finance Ltd.
7. ICICI Group
Next comes the renowned ICICI Group, a multinational bank, which is also engaged in providing customized financial services to its clients. The company, which is based in Mumbai, was established in 1988.
6. PNB Housing Finance Limited
PNB Housing Finance Limited is a reputed financial company under the renowned nationalized bank called Punjab National Bank. Specializing in home loans, this company came into existence in 2009 and is based in New Delhi.
5. LIC Housing Finance Limited
LIC Housing Finance Limited is another trusted name amongst the finance companies in the country. It dates back to 1989 and has a large number of offices all over the country, with its head office in Mumbai. As many as 1400 people are working for this company, which has been acclaimed with the title of the Best Company in Home Finance in 2012.
4. Bajaj Capital Limited
Bajaj Capital Limited is a well known finance company which has a 50 year old presence in the country as it was established in 1964. Its head office is located in New Delhi, while 50 more of them are spread across the country.
3. Indiabulls Housing Finance
The next name on the list of top 10 finance companies in India is that of Indiabulls Housing Finance, which is a part of the Indiabulls Group. The company’s area of expertise is in home loans and it aims at fulfilling the aim of clients to fulfill their dreams of owning a home. The Gurgaon based company was set up in 2005.
2. SBI Capital Markets Limited
Another highly regarded finance company in India is SBI Capital Markets Limited, a Mumbai based company set up in 1986. This public sector company is known for the excellence of its financial services.
1. Housing Development Finance Corporation
Housing Development Finance Corporation is one of the market leaders amongst the finance companies in India. The prestigious company was founded in 1977 by Hasmukhbhai Parekh and is based in Mumbai. It has more than 1833 employees catering to the requirements of clients all over India.
All these companies are the pillars of the Indian financial market and have a vital role to play here.