Top 20 NBFC Companies in India | 2021 List

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Top 20 nbfc companies in India

Non-Banking Financial Companies or NBFCs are those companies that provide a wide range of financial services but not offering services that traditional banks do. Insurance companies, stock-broking firms, or those firms offering loans for financing various ventures are all NBFCs.

NBFCs accept deposits from their customers in the form of insurance premiums or shares that the customers hold privately or that are listed in the share market. This is how NBFCs are different from traditional banks. Customers can’t open savings accounts or have other deposit schemes with NBFCs. Some NBFCs like co-operative credit societies take deposits from customers and provide shares. You will be paid a part of the profits as dividends on your shares instead of interest on your deposit.

Top 20 NBFC Company in India, 2021

We have prepared a list of India’s top NBFC company  that will help you to choose among the best. We have also created below infographic that explained everything.

Top 20 nbfc companies in India

However, if you want to check the individual Non-Banking Finance Company detail then you can go through below detailed list. With India being the only country where financial institutions are licensed in nine different categories, one finds more than 250 NBFCs, large and small.

Bajaj Finance Ltd.

Bajaj Finance is counted among the top non-bankingfinance companies (NBFC) in India. With a vast portfolio of products spread across consumer, commercial, SME lending, and wealth management, Bajaj Finance Limited is today a much diversified non-banking finance company (NBFC) dominating the Indian market. As financers, the company pioneered the launching of interest-free EMI covering more than 50 categories.

  • Market Cap (Rs Cr.): 207,311.14
  • Book Value (Rs): 527.95
  • Face Value (RS): 2.00
  • Turnover (Rs. In Lakhs): 212,368.11

Profit and loss (in Rs. Cr.):

  • March 2020: 5,263.75
  • March 2019: 3,994.99
  • March 2018: 3,994.99
  • March 2017: 3,994.99

Muthoot Finance Ltd.

Muthoot Finance Limited has gained prominence in the Indian NBFC market as a provider of gold loans. The loans are provided on extremely easy terms and conditions so that every segment of society can access them. The gold loans begin from only Rs.1500 and have no upper limit. Muthoot Finance started its journey from a village in Kerala in the year 1887 and they made its foray into the business of gold loans in 1939.

  • Market Cap (Rs Cr.):45,111.31
  • Book Value (Rs): 288.52
  • Face Value (RS): 10.00
  • Turnover (Rs. In Lakhs): 39,064.62

Profit and loss (in Rs. Cr.):

  • March 2020: 3,168.68
  • March 2019: 2,102.96
  • March 2018: 1,843.75
  • March 2017: 1,207.26

Shriram Transport Finance Corporation Ltd.

A part of the Shriram Group, Shriram Transport Finance Corporation Ltd. is another leading NBFC Company that was incorporated in 1979. It has made its mark in the market and offers a multitude of financial services including consumer finance, commercial vehicle finance, chit funds, life and general insurance, and stockbroking. STFC has built itself a very loyal customer base by financing truck owners operating with small equity and helping them buy pre-owned trucks.

  • Market Cap (Rs Cr.): 16,092.18
  • Book Value (Rs): 770.46
  • Face Value (RS): 10.00
  • Turnover (Rs. In Lakhs): 21,098.78

Profit and loss (in Rs. Cr.):

  • March 2020: 2,501.84
  • March 2019: 2,501.84
  • March 2018: 2,501.84
  • March 2017: 1,265.63

Manappuram Finance Ltd.

Founded in the year 1949 in Valapad, a coastal village in Kerala, Mannapuram Finance Ltd. has established itself as the leading NBFC offering gold loans. The company has seen exceptional growth and today it has 4622 branches spread across 28 states and union territories. They have a workforce of 27,726 employees, each one dedicated to helping the company achieve its goals. The company primarily offers a gold loan.

  • Market Cap (Rs Cr.): 13,408.72
  • Book Value (Rs): 63.37
  • Face Value (RS): 2.00
  • Turnover (Rs. In Lakhs): 34,765.32

Profit and loss (in Rs. Cr.):

  • March 2020: 1,480.32
  • March 2019: 948.55
  • March 2018: 675.97
  • March 2017: 758.49

Shriram City Union Finance Ltd.

With as many as 947 branches, Shriram City, a part of the Shriram Group is spread throughout India. After its incorporation in 1986, Shriram City has successfully established itself as a leading MSME financier and also one of the largest financiers of two-wheelers after being in the industry for more than four decades. It also offers loans to buy commercial vehicles, home loans, and passenger vehicles.

  • Market Cap (Rs Cr.): 6,561.35
  • Book Value (Rs): 1092.02
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 1,033.21
  • March 2019: 1,033.21
  • March 2018: 749.30
  • March 2017: 584.58

Sundaram Finance Ltd.

Established in the year 1954, Sundaram Finance Ltd. pioneered the concept of hire-purchase in India. Initially, the company would finance the purchase of commercial vehicles. It has grown over the years to emerge as a much trusted financial services group in India. Its 640 branches give the company a pan-India presence and the company has more than two lakh depositors as well as three lakh commercial vehicle and car fiancé customers.

  • Market Cap (Rs Cr.): 14,849.03
  • Book Value (Rs): 499.30
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 805.30
  • March 2019: 1,029.82
  • March 2018: 666.47
  • March 2017: 677.04

Credit Access Grameen Ltd.

CreditAccess Grameen Ltd. helps those from the low-income group find access to affordable loans on time and it was founded in the year 1999. The company was the result of an initiative taken by T. Muniswamappa Trust, an NGO based out of South Bangalore. The need for seed capital was met by Grameen Trust, Bangladesh which wholeheartedly supported the initiative. The company is now established as a much trusted NBFC in the market.

  • Market Cap (Rs Cr.): 10,374.09
  • Book Value (Rs): 185.25
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 327.50
  • March 2019: 321.76
  • March 2018: 212.48
  • March 2017: 80.30

Motilal Oswal Financial Services Ltd.

Founded in 1987 by Motilal Oswal and Raamdeo Agarwal, Motilal Oswal Financial Services has its headquarters in Mumbai and it’s listed both on the BSE and NSE. The services it offers are broking, mutual funds, and wealth management. Motilal Oswal made a successful acquisition of Peninsular Capital Markets in 2006 & entered into a tie-up with State Bank of India, Punjab National Bank, and Axis Bank offering online trading services.

  • Market Cap (Rs Cr.): 9,633.37
  • Book Value (Rs): 186.79
  • Face Value (RS): 1.00

Profit and loss (in Rs. Cr.):

  • March 2020: 215.40
  • March 2019: 290.32
  • March 2018: 623.22
  • March 2017: 364.53

Bengal and Assam Company Ltd.

Bengal and Assam Company Ltd. is an investment company with its headquarters in New Delhi. It’s registered as an NBFC with the Reserve Bank of India. It was incorporated on 30th January 1947. Mayfair Finance Limited and Sidhi Vinayak Investment Limited apart from others are two of its subsidiaries. The company is ably led by its chairman Mr. Hari Shankar Singhania.

  • Market Cap (Rs Cr.): 1,408.77
  • Book Value (Rs): 710.43
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 298.34
  • March 2019: 269.43
  • March 2018: 76.95
  • March 2017: 129.92

Tata Investment Corporation Ltd.

It was in 1959 that the Tatas listed Tata Investment Corporation as an investment company held publicly on the Bombay Stock Exchange. It was from the 60s and the 70s that the company gradually transformed itself from one assisting the setting up of new ventures to one acting as an investment company with a varied portfolio of investments. Registered as a non-banking financial company, Tata Investment Corporation.

  • Market Cap (Rs Cr.): 4,308.19
  • Book Value (Rs): 1576.03
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 95.61
  • March 2019: 142.72
  • March 2018: 122.74
  • March 2017: 198.82

Balmer Lawrie Investment Ltd.

A part of the 150 years old Balmer Lawrie Group, Balmer Lawrie Investment Ltd. was incorporated in the year 2001. The company’s present chairman is Mr. Shyam Sundar Khuntia. Being a public sector company, it’s a much-trusted brand in the Indian market. Being in the industry for more than a century, the public sector Balmer Lawrie conglomerate has been doing well in the NBFC sector having earned the trust of its clients over all these years.

  • Market Cap (Rs Cr.): 905.65
  • Book Value (Rs): 79.43
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 124.24
  • March 2019: N/A
  • March 2018: N/A
  • March 2017: N/A

Muthoot Capital Services Ltd.

With branches spread across India, Muthoot Capital Services is another leading NBFC company in India that provides a wide range of financial services, fund and non-fund-based loans to corporate, retail, and institutional customers.

Apart from loans for two-wheelers and used cars, Muthoot offers fixed deposits as investment products.  Started in 1994, today Muthoot Capital Services is one of the leading automobile finance companies in India.

  • Market Cap (Rs Cr.): 710.45
  • Book Value (Rs): 308.48
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 60.48
  • March 2019: 82.42
  • March 2018: 82.42
  • March 2017: 30.09

Vardhman Holdings Ltd.

Vardhaman Holdings Ltd. was registered as a non-banking financial company and was separated from Vardhaman Textiles in the year 2005. Other than the assets related to the textile business, Vardhaman Holdings’ assets comprise primarily of investments and its earnings are in the form of dividends on those investments. The company has its registered office in Ludhiana and it was started in 1962. It’s a part of the Vardhaman Group.

  • Market Cap (Rs Cr.): 417.77
  • Book Value (Rs): 1890.63
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 33.30
  • March 2019: 30.25
  • March 2018: 44.73
  • March 2017: 181.64

Summit Securities Ltd.

Summit Securities is a part of the RPG Group and was incorporated in the year 1945. Engaged in investment in securities, the company has its registered office in Mumbai. Land in Mumbai and investments made in the subsidiary company KEC Holdings are the company’s assets. Summit Securities also has investments in other group companies like CEAT, Harrisons Malayalam, RPG, and others.

  • Market Cap (Rs Cr.): 438.25
  • Book Value (Rs): 1092.89
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 72.05
  • March 2019: 109.70
  • March 2018: 121.29
  • March 2017: 6.92

CSL Finance Ltd.

The company is listed on the Bombay Stock Exchange and is a growing NBFC company. It is registered with the Reserve Bank of India as a non-banking finance company. CSL Finance Ltd. has only recently launched lending schemes meant for small and medium enterprises offering secured and unsecured loans.

The company was started in 1992 and earlier they were known as Consolidated Securities Ltd.

  • Market Cap (Rs Cr.): 132.64
  • Book Value (Rs): 377.07
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 22.47
  • March 2019: 25.15
  • March 2018: 18.08
  • March 2017: 16.42

Gloster Ltd.

Originally known as the Fort Gloster Jute Manufacturing Company Limited, the company was acquired in 1954 by the Bangurs, a leading Kolkata-based industrial conglomerate. It was later renamed Gloster Limited. The company was registered as an NBFC (non-deposit accepting) in 1998 as required by statute with the Reserve Bank of India.

  • Market Cap (Rs Cr.): 265.98
  • Book Value (Rs): 1693.94
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 19.57
  • March 2019: 44.95
  • March 2018: 42.17
  • March 2017: 34.94

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Arman Financial Services Ltd.

Arman Financial Services Ltd. is another small non-banking category ‘A’ finance company that is  registered under Reserve Bank of India. Rural and semi-rural financing is at the center of its business model and the company offers affordable financing in the form of loans on easy terms to small businesses. The company with its sister concerns is engaged in offering two-wheelers and three-wheelers loan. They have a major presence in Western India serving areas that banks find difficult to reach.

  • Market Cap (Rs Cr.): 481.45
  • Book Value (Rs): 142.87
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 41.52
  • March 2019: 26.43
  • March 2018: 7.30
  • March 2017: 6.32

Industrial and Prudential Investment Company Ltd.

A zero debt NBFC company, along with its 100% subsidiary New Holding & Trading Co. Industrial and Prudential Investment Co. Ltd. boasts of an excellent investment portfolio. It comprises a 20% holding in companies of the stature of:

  • Siemens,
  • KSB Pumps,
  • Infosys,
  • Karur Vysya Bank,
  • TCS, and others.

It’s ably led by its chairman and managing director, Mr. Gaurav Swarup. The company is based out of Mumbai and is more than 90 years old.

  • Market Cap (Rs Cr.): 157.08
  • Book Value (Rs): 244.60
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 9.47
  • March 2019: 8.24
  • March 2018: 6.95
  • March 2017: 6.35

Saraswati Commercial (India) Ltd.

Saraswati Commercial (India) Ltd. is a non-banking financial company involved in share and securities trading, investments & lending activities. The company has major investments in debentures or bonds, equity instruments, and mutual funds. It’s a public limited company that was incorporated on 24th January 1983. The company has its registered office in Mumbai.

  • Market Cap (Rs Cr.): 88.94
  • Book Value (Rs): 1357.07
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 6.67
  • March 2019: 15.97
  • March 2018: 5.22
  • March 2017: 13.83

Mukesh Babu Financial Services Ltd.

Mukesh Babu Financial Services Ltd. had its original incorporation as M/s. Embee Finance Consultancy Pvt. Ltd. on February 27, 1985. The company is promoted by the qualified chartered accountant Mr. Mukesh Babu. It’s registered as a non-banking financial company with the Reserve Bank of India. It’s mainly focused on investment banking and financing and offers diversified financial services.

  • Market Cap (Rs Cr.): 82.26
  • Book Value (Rs): 85.90
  • Face Value (RS): 10.00

Profit and loss (in Rs. Cr.):

  • March 2020: 3.64
  • March 2019: 7.73
  • March 2018: 2.81
  • March 2017: 2.71

List of Top 20 NBFC Companies in India

Sl. No. Company Establishment Head office Website
1 Bajaj Finance Ltd. 2007 Pune https://www.bajajfinserv.in/
2 Muthoot Finance Ltd. 1939 Kochi https://www.muthootfinance.com/
3 Shriram Transport Finance Corporation Ltd. 1979 Chennai https://www.stfc.in/
4 Manappuram Finance Ltd. 1949 Thrissur https://www.manappuram.com/
5 Shriram City Union Finance Ltd. 1986 Chennai https://www.shriramcity.in/
6 Sundaram Finance Ltd. 1954 Chennai http://www.sundaramfinance.in/
7 Credit Access Grameen Ltd. 1991 Bengaluru https://www.creditaccessgrameen.com/
8 Motilal Oswal Financial Services Ltd. 1987 Mumbai https://www.motilaloswal.com/
9 Bengal and Assam Company Ltd. 1947 Kolkata https://www.bengalassam.com/
10 Tata Investment Corporation Ltd. 1937 Mumbai https://tatainvestment.com/
11 Balmer Lawrie Investment Ltd. 2001 Kolkata http://www.blinv.com/
12 Muthoot Capital Services Ltd. 1994 Kochi https://muthootcap.com/
13 Vardhman Holdings Ltd. 1962 Ludhiana https://www.vardhman.com/
14 Summit Securities Ltd. 1997 Mumbai https://www.summitsecurities.net/
15 CSL Finance Ltd. 1992 New Delhi https://www.cslfinance.in/
16 Gloster Ltd. 1923 Kolkata http://www.glosterjute.com/
17 Arman Financial Services Ltd. 1992 Ahmedabd https://www.armanindia.com/
18 Industrial and Prudential Investment Company Ltd. 1913 Kolkata https://www.industrialprudential.com/
19 Saraswati Commercial (India) Ltd. 1983 Mumbai http://www.saraswaticommercial.com/
20 Mukesh Babu Financial Services Ltd. 1985 Mumbai https://www.mukeshbabu.com/

 

Conclusion

Our list of the top 20 NBFC Companies in India includes the major entities in the field. Each of the companies is a reputed and trusted lender. The companies have a wide network of branches through which they can be reached easily. They have been significant contributors to economic prosperity offering loans on easy terms to small businesses helping them grow. We hope you find the list informative and helpful. 

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