Top 10 NBFC (Non-Banking Financial Companies) in India


Top 10 NBFC Companies in India: NBFC is an important sector of Indian Finance and business. The NBFC full form stands for Non-Banking Financial Companies. Most of the people know them by the name of the acronym of NBFC companies.

An NBFC company is established to provide financial services or banking facilities without being under the legal definition of a bank. You might wonder the difference between the two and here is the answer.

A non-banking financial company cannot take any deposit from the general public but they can provide all the other banking and financial services to their clients.

These services include loans, credit facilities, retirement planning, investing, and stocks in money. With these services, they play a crucial role in the economy of the country.

For your convenience, here we have a list of NBFC in India. These NBFCs have been ruling the market for the past few years and are listed in the top 10 NBFC companies in India.

Power Finance Corporation Limited:

More popular with the acronym of PFC, Power Finance Corporation was founded in 1986. It is a Navratna status company.

The company provides assistance with finance to the companies involved in different power projects in the country.

They support the organizations involved in Power generation, transmission, and distribution and have been a reason behind the upliftment of India in the power sector.

Mukesh Kumar Goel is the Managing Director and Chairman of the company.

Shriram Transport Finance Company Ltd.:

As the name suggests, Shriram Transport Finance Company Ltd. has only been focusing on funding commercial and business vehicles.

Founded in the year 1979, they have come a long way in being a top finance company in India and having a large customer base.

They have been funding services for light Duty trucks, mini trucks, and heavy-duty trucks. They also offer funding services for construction vehicles and farm equipment.

Shriram Transport Finance Company also have a specialization in general insurance, mutual funds, stock broking, common asset, and general protection.

Bajaj Finance Limited:

The company is more commonly known as Bajaj FinServ. It is a unit of Bajaj Holdings and Investments and was founded in the year 2007. It is one of the top NBFC in India.

Despite being so old in the market, they have achieved some milestones and have a large customer base dedicated to the company.

They offer a number of financial services and funding in so many different fields and this is what makes it the people’s favorite.

They offer loans to doctors for career enhancement, home loans, individual loans, gold loans, and even entrepreneur loans.

Bajaj Finance also provides wealth advisory, lending money, and general insurance as well. By now, they have over 1400 branches and 20000+ employees.

Mahindra and Mahindra Financial Services Limited:

Apart from being a car manufacturer company, Mahindra and Mahindra have also established themselves as a Financial service provider.

The company was established in the year 1991 and has more than 1000 branches and a customer base of more than 3 million.

Also Read: Direct Selling Companies in India

Mahindra and Mahindra have been a renowned and trustworthy company for the Indian audience and they have accepted the company with much love.

They offer insurance services, rural housing, gold advances, vehicle advances, corporate advances, home credits and much more in the list.

Muthoot Finance Ltd:

Muthoot Finance is recognized as India’s first NBFC begging in the year 1888 as a small lender from a village.

One thing which seems to be the identity of Muthoot Finance is that they offer loans only on gold ornaments making them the leader in gold loans.

Apart from gold loans, they also offer foreign exchange, money transfer, wealth management services. They have over 4400 branches throughout the country.

They have also established themselves in the home loan offers with the name of Muthoot housing Ltd.

HDB Finance Services:

The HDB Finance has been operated by the HDFC Bank which is India’s largest private sector bank.

They have more than a thousand branches in 22 states of the country offering you multiple varieties of secured or unsecured loans.

They offer wide varieties of the loan including personal and business loans, doctor’s loans, auto loans, gold loans, tractor, car loans, and construction equipment as well. The list is long for them.

It is also considered to be the fastest-growing NBFC as of now.

Cholamandalam Investment and Finance Company Limited:

More commonly known with the shorter form of the name, people regard it with the name Chola.

The company was incorporated in the year 1978 as the financial services arm of Murugappa Group and turn out to be a major name of finance in the 21st century.

Earlier, the company started being an equipment financing company but later, they expanded themselves in other forms of loans including home loans, vehicle loans, and many others.

Tata Capital Financial Services Ltd:

The company tops India’s leading NDFCs, the company was established in the year 2007 as a subsidiary of Tata Sons Limited. They have established them well in the finance industry in the last decade.

They offer various loan facilities to individuals, families, and businesses in terms of commercial finance, infrastructure finance, wealth management, customer loans and marketing of Tata Cards.

L & T Finance Limited:

Another strong player in the list of Non-Financial Banking Companies and the financial sector as well.

It was established in the year 1994, at present the company caters more than one million people and was also awarded the Company of the Year by Economic Times.

They offer loans in trade, industry, agriculture, individual vehicle, corporate and rural loans.

Aditya Birla Finance Limited:

The company is a part of Aditya Birla Financial services incorporated in the year 1991. It is also an ISI certified NBFC.

From corporate to commercial, they offer all kinds of loans and services. They have been registered with RBI as a systematically important NBFC.


The list of NBFC can help you in many ways and we hope we can help you as well. Do share your experience and reviews with the NBFCs. We love to interact with you in the comment box.

Categorized as Finance

By Abhishek Bagri

Abhishek Bagri has been a content writer for the past 3 years writing some astonishing content for a number of clients and websites. He is more commonly known with his pen name Dabbu. He is pursuing B. Tech from Government Engineering College Bikaner, Rajasthan and carves for more words to be written as a content or a poem. You can search for him on Instagram with dabbubagri or contact him through email at

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