Top 10 Finance Companies in India

Finance companies are the organizations which are involved in financing any consumer or business enterprise by lending money to them against any collateral security.

Finance Companies in India offer financial assistance for houses and projects related to real estate, power, irrigation, etc.

The Indian Finance Industry comprises of numerous players which helps in boosting the economy of the country by providing financial assistance to various projects. This post describes about the top 10 finance companies in India on the basis of market capitalization:

1. Housing Development Finance Corporation Limited (HDFC)

HDFC Housing Development Finance Corporation Limited, popularly known as HDFC is the leading finance company in India, which was incorporated in the year 1977. Financial services provides by HDFC are Housing Loans and Non Housing Loans.

HDFC is a swiftly growing finance company that generated a gross income of more than Rs 27,400 Crore and profit of more than Rs 5,900 Crore, in the financial year 2014-2015. 

Market Capitalization: Rs 1,82,896 Crore (As on 22nd January 2016)

2. Bajaj Finance Limited

Bajaj Finance Limited

Bajaj Finance Limited is a part of Bajaj Group and provides different types of loans like home loan, gold loan, personal loan, doctor loan, etc. Bajaj Finance Limited performed well in the financial year 2014-15 and generated a total income of more than Rs 5,400 Crore.

Market Capitalization: Rs 31,225 Crore (As on 22nd January 2016)

3. LIC Housing Finance Ltd.

LIC HFLLIC Housing Finance Ltd. is ranked 3rd in the list of top 10 finance companies in India on the basis of market capitalization. Founded in the year 1989, LIC Housing Finance Ltd. provides finance for construction, renovation and repairing of houses and offices.

The company also provides loans to builders and developers for construction of residential projects and premises. The company is among the fastest growing finance companies in India and in the financial year 2014-2015, the income of the company crossed Rs 10,000 Crore.

Market Capitalization: Rs 24,423 Crore (As on 22nd January 2016)

4. Power Finance Corporation Ltd. (PFC)

Power Finance CorporationPower Finance Corporation Ltd. is the next financial company, which was established in the year 1986 and presently stands among the leading financial companies in India. The company provides financial support to projects related to power sector, which include power generation, power transmission and power distribution.

Power Finance Corporation Ltd., in the financial year 2014-15, generated an income of more than Rs 24,000 Crore and net profit of more than Rs 5,900 Crore. Some of the well renowned clients of the company are State Electricity Boards, Private Power Companies and Joint Sector Power Companies.

Market Capitalization: Rs 20,988 Crore (As on 22nd January 2016)

5. Rural Electrification Corporation Ltd. (REC India)

RECRural Electrification Corporation Ltd. (REC) was incorporated in the year 1969, it provides financial assistance to the power projects, which include Thermal Power Project, Hydro Power Project, etc.

Some of the major projects financed by REC are Santaldih Thermal Power Plant (West Bengal), Utran Thermal Power Plant (Gujarat) and Tehri Hydro Electric Plant (Uttarakhand).

REC showed a sharp growth in the financial year 2014-2015, which is well substantiated from its gross income of more than Rs 20,000 Crore.

Market Capitalization: Rs 18,139 Crore (As on 22nd January 2016)

6. Shriram Transport Finance Company (STFC)

Shriram FinanceShriram Transport Finance Company (STFC) is next on this list, which came into existence in the year 1979. STFC is engaged in providing finance for commercial vehicles like truck, tractor, dumpers, mini truck, etc.

STFC is a leading finance company in sector of commercial vehicles and in the financial year 2014-15, the total income generated was more than Rs 8,600 Crore. Also, the net profit was over Rs 1,200 Crore.

Market Capitalization: Rs 16,999 Crore (As on 22nd January 2016)

7. L&T Finance Limited

L&T Finance

L&T Finance Limited is the next financial company, which was incorporated in the year 1994. The product line of the company include Home Loan, Business Loan, Commercial Vehicle Loan, etc.

Market Capitalization: Rs 10,247 Crore (As on 22nd January 2016)

8. Muthoot Finance

Muthoot Finance

Muthoot Finance founded in the year 1939, offers many services like Gold Loan, Wealth Management Services, Money Transfer, etc.

Market Capitalization: Rs 6,963 Crore (As on 22nd January 2016)

9. Infrastructure Development Finance Company Ltd (IDFC)

idfcNext on this list is Infrastructure Development Finance Company Ltd (IDFC), a leading finance company in India, which was founded in the year 1997. IDFC finance projects are related to various sectors like Roads, Energy, Industrial Parks, Communication, etc.

Some of the projects financed by the company are Ennore SEZ, Hyderabad Greenfield and LNG Power Plant (Gujarat). IDFC, in the financial year 2014-2015, disbursed loans of more than Rs 54,000 Crore and generated an income of more than Rs 9,700 Crore.

Market Capitalization: Rs 6,655 Crore (As on 22nd January 2016)

10. IFCI Ltd.

IFCI LimitedLast on this list is Industrial Finance Corporation of India (IFCI), that came into existence in 1948 and presently offers financial assistance to projects related to infrastructure. IFCI has occupied tenth place in the list of top 10 finance companies and in the financial year 2014-15, its total income was more than Rs 3,300 Crore.

Market Capitalization: Rs 3,639 Crore (As on 22nd January 2016)

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