Finance companies are companies which provide financial assistance in form of loan or finance to a person or an organization. Financial assistance is provided against some property, which company consider as a security.
There are many finance companies operating in the country and offering financial assistance to a large number of people and organizations. To know the top 10 finance companies in India, checkout the list given below:
10. Reliance Capital Limited
Reliance Capital Limited was started in the year 1986 and stands among the top finance companies in India. The company offer services in sectors like commercial finance, insurance, broking and distribution, etc.
9. L&T Finance Limited
L&T Finance Limited was started in the year 1994 and stand at ninth place in the list of top 10 finance companies in India. Home Loans, Rural Loans, Personal Loans and Business Loans are some of the types of loan provided by the company.
8. Cholamandalam Investment and Finance Company Limited
Started in the year 1978, Cholamandalam Investment and Finance Company Limited operated more than 530 branches in the country. The company offer a wide range of financial services and has more than 7.5 lakh customers in the country.
7. Mahindra and Mahindra Financial Services Limited
Mahindra and Mahindra Financial Services Limited has more than 1,000 branches and number seven in the list of top 10 finance companies in India. The company different types of loan to customers that include home loan, personal loan, vehicle loan, etc.
6. Sundaram Finance
Sundaram Finance was incorporated in the year 1954 and offer a wide range of financial services to customers. Car finance, construction equipment finance and commercial vehicle finance are some of the financial services offered by the company.
5. Shriram Transport Finance Company
Shriram Transport Finance Company was started in the year 1979 and offer finance for commercial vehicles. It offer finance for commercial vehicles like trucks, pickup trucks, farm equipments, construction equipments, etc.
4. LIC Housing Finance Limited
Started in 1989, LIC Housing Finance Limited is among the leading finance companies in India that offer housing loans. The company has more than 220 offices and outlets in the country and employ more than 1,400 employees.
3. Bajaj Finserv
Bajaj Finserv has a strong presence in more than 1,400 locations in the country and employ over 20,000 people. The company offer different types of loan like business loan, personal loan, gold loan, home loan, etc.
2. Indiabulls Housing Finance Limited
Indiabulls Housing Finance Limited is number two in the list of top 10 finance companies in India and offer housing loans. Headquartered in Gurgaon, Haryana, Indiabulls Housing Finance Limited has disbursed loans of more than Rs 1 lakh crore.
The company has more than 200 officers in over 110 towns and cities in the country. Apart from India, the company also has offices in London and Dubai.
Housing Development Finance Corporation Limited (HDFC) is a leading finance company started in the year 1977. Headquartered in Mumbai, HDFC has more than 330 outlets that cover about 2,000 towns and cities of the country.
The company offer different types of housing and non housing loans and till now it has disbursed loans of more than Rs 4.5 lakh crore. It has a workforce of more than 1,800 employees.