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Top 10 NBFC companies in India (2022)

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NBFC companies play an important role in nation-building and financial inclusion by complementing the banking sector in reaching out credit to the unbanked segments of society, especially to the micro, small and medium enterprises (MSMEs), which form the cradle of entrepreneurship and innovation.

10. Poonawalla Fincorp Limited

Poonawalla Fincorp Ltd company profile:

Poonawalla Fincorp ltd is known earlier as Magma Fincorp Limited, they belong to the Poonawall group. They are a non-deposit-taking non-banking finance company (NBFC), registered with the Reserve Bank of India.

Poonawalla Fincorp is focused on a diversified product portfolio: asset-backed finance (UV/cars, commercial
vehicles, construction equipment, pre-owned assets, Agri finance), SME finance, mortgage finance and
general insurance.

Poonawalla Fincorp has financial services around 297 Branches in India.

Poonawalla Fincorp has a subsidiary is Magma Housing Finance Limited and formally known as MHF, it is a national scale affordable housing financing company with a presence across 16 States and a well-diversified portfolio.

Poonawalla Fincorp Financial Information:

  • Revenue from operation: 149,213.93 lakhs
  • Profit before tax: 33,794.56 lakhs
  • Profit of the yearFY22: 25,651.85 lakhs

9. Mahindra & Mahindra Financial

Mahindra & Mahindra Financial company profile:

Mahindra & Mahindra Financial is shortly known as M&MFin, in the early stage, the company name was Maxi Motors Financial Service Limited, and the name was changed to M&MFin.

M&MFin is a top NBFC company in India, they had started their career in finance to vehicle unity and entered into SME Loans, Insurance, and Investment.

M&MFin product portfolio in vehicle finance, which includes financing of passenger vehicles, utility vehicles, tractors, commercial vehicles, construction equipment; and pre-owned vehicles and SME finance, which includes project finance, equipment finance, working capital finance, and bill discounting services to SMEs.

M&MFin also undertakes mutual fund distribution, fixed deposits, and personal loans tailor-made to suit its unique customer set.

M&MFin has a major focus in Rural and semi-urban to spread their product and fulfill their customer’s needs.

M&MFin financial Information:

  • Revenue from operation: 8,128.85 crores
  • Profit before tax: 680.95 crores
  • Profit of the yearFY22: 521.83 crores

8.Sundaram Finance Limited

Sundaram Finance Ltd company profile:

Sundaram Finance is the top leading NBFC company in India registered under the Companies Act, 1956 engaged in the commercial vehicles loan, Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing, and Retail Distribution of a wide array of financial services and products.

Sundaram Finance has a nationwide presence of nearly 640 branches, over two lakh depositors, and three lakh commercial vehicle and car finance customers.

Sundaram Finance is listed in Madras Stock Exchange (MSE) in 1972, it’s a first and only ever public offering, making it the first NBFC to be listed in MSE and were subsequently listed in the National Stock Exchange and BSE

Sundaram Finance subsidiaries

  • Sundaram Home Finance Limited
  • Sundaram Trustee Company Limited
  • Sundaram Asset Management Company Limited
  • LGF Services Limited
  • Sundaram Asset Management Singapore Pte. Limited
  • Sundaram Fund Services Limited
  • Sundaram Alternate Assets Limited

Sundaram Finance Ltd financial statement

  • Revenue from operation: 2930.29 crores
  • Profit before tax: 798.99 crores
  • Profit of the year FY22: 604.61 crores

7. Shriram City Union Finance Limited

Shriram city union finance company profile:

Shriram City Union Finance Limited is one of the leading NBFC companies in India and performance in the retail finance industry, providing timely borrowings to its customers and delivering value to its stakeholders.

Shriram City belongs to the Shriram Group s a public limited company domiciled in India and shares are listed on the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE).

Shriram city union finance product portfolio encompasses providing borrowings to small scale business
owners; lending for purchasing two-wheelers, commercial vehicles, passenger cars, loan gold, personal loan, loan against property, and Pre-owned Two Wheelers loans.

Shriram city union financial information

  • Revenue from operation: 4,77,860 lakhs
  • Profit before tax: 1,04,305 lakhs
  • profit of the yearFY22: 78275 lakhs

6.Manappuram Finance Limited

Manappuram Finance Ltd company profile:

Manappuram Finance is one of India’s leading gold loan NBFC companies (non-banking financial companies)in India and services in 28 states and UTs with Household gold jewelry is safe with 65 MT.

Manappuram Finance Limited is shortly known as MAFIL and started offering small loans to the people and now they are one of India’s leading gold loan NBFCs.

Manappuram Finance is the First NBFC in Kerala to receive a Certificate of Registration issued by the Reserve Bank of India (RBI)

Manappuram Finance subsidiaries are

  • Manappuram Home Finance Limited
  • Manappuram Insurance Brokers Limited
  • Asirvad Microfinance Limited
  • Manappuram Comptech and Consultants Ltd

Manappuram has offered services in gold loans with Doorstep gold loan extended across India, Loan-to-value (LTV) linked to loan tenure, and online gold loans (OGL) Gold loans offered at the convenience of the borrower, Gold loans of up to ₹ 15 million offered online, and Easy documentation, instant approval, convenient 24X7 online repayment.

MAFIL one of the subsidiaries is Asirvad Micro Finance Limited and offers Types of loans are Income generating program (IGP) loan, Product loan, MSME loan, a Gold loan with a loan tenure up to 24 months

MAFIL offer home loans through our subsidiary are Manappuram Home Finance Limited with a Focus on affordable housing loans for mid-to the low-income group, Average loan size of ₹ 1.5 million

MAFIL also offers an auto loan (used and new) and vehicle loan to the customers with a minimum of 1lakhs with the tenure of 60 to 84 months

Manappuram Finance Ltd Financial statement

  • Revenue from operation: 3523.83 crores
  • Profit before tax: 1390.61 crores
  • Profit of the year FY22: 1039.27 crores

5.Cholamandalam Investment and Finance Company Limited

cholamandalam investment and finance company profile:

Cholamandalam Inversment and Finance company is popularly known as Chola, They had involded their activitity in finance service and one of the top leading NBFC companies in India. chola is an intergrated part of Murugappa Group.

Chola Involved their financial services provider offering vehicle finance, home loans, loan against property, SME loans, insurance agency, mutual fund distribution, and a variety of other financial services to customers.

Chola operates from 1,137 branches in Pan India and their subsidiaries are Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL).

Chola Financial information:

  • Revenue from operation: 7,12,740 Lakhs
  • Profit before tax: 1,96,152 Lakhs
  • Profit of the yearFY22: 1,45,713 Lakhs

4. Shriram Transport Finance Company Limited

  • Founded: 1979 
  • Headoffice: Mumbai 
  • Listed in Exchange: NSE(SRTRANSFIN), BSE(750637)
  • Industry: NBFC
  • website: www.stfc.in
  • Market Capitalization: 29,54,075.27 Lakhs

Shriram Transport Finance Company profile:

Shriram Transport Finance Company Limited is shortly known as STFC, It is the flagship company of Shriram Group. STFC is one of the top leading NBFC companies in India with the registered under the Companies Act, 1956.

STFC diversified group with interests in financial services viz. Commercial vehicle finance, Consumer Finance, life and general insurance, stock broking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.

STFC has played a credible role in financial inclusion of millions of First Time Buyers (FTBs) and driver-turnedowner (DTO) by offering affordable finance on pre-owned commercial vehicles (CVs).

STFC has spread a financial service around pan-India network comprising 1,817 branches, 820 rural centers andpartnerships with ~500 private financiers.

STFC Financial Information

  • Revenue from operation: 13,718.10 crores
  • Profit before tax: 2,198.63 crores
  • Profit of the year FY22: 1,621.80 crores

3. SBI Cards and Payment Services Limited

  • Founded: 1998
  • Head office: Gurgaon, Haryana.
  • Listed in Exchange: NSE(SBICARD), BSE(543066)
  • Industry: NBFC
  • Website: www.sbicard.com
  • Market capitalization: 76,11,178.04 Lakhs

SBI Cards and Payment Services company profile:

SBI Cards and Payment services is shortly known as SBI Card, it is an subsidiary of the State Bank of India. They are one of the NBFC companies in India with involve in the performance as a leading credit card issuer in India.

SBI Card is the second largest credit card issuer in India, With more than 1.18 Cr cardholders in the country.

SBI card portfolio provide to individual cardholders as well as corporate clients, and includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards and corporate credit cards.

SBI Card offer a wide portfolio of co-brand credit cards in partnership with several major players, across sectors such as travel and tourism, fuel, fashion, healthcare and mobility, amongst others.

SBI Cards Financial Statement

  • Revenue from operation: 7,826.96 crores
  • Profit Before tax: 1392.94 crores
  • Profit of the yearFY22: 1035.28 crores

2. Muthoot Finance Limited

Muthoot Finance Limited company profile:

Muthoot Finance is an top leading NBFC companies in India and No: 1 in Gold loan Business In India. Muthoot Finance is an Integral part of Muthoot Group. Muthoot is Non-Deposit-Taking Non-Banking Financial Company (NBFC-ND-SI)’ with the Reserve Bank of India (RBI).

Muthoot Finance Limited is shortlyknown as Muthoot Finance is India’s largest and most trusted gold
financing company (by loan portfolio).

Muthoot Finance has presented in 29 States/Union territory presence with the 4,632 Pan-India branches and 171 tonnes Gold jewellery kept as security

Muthoot Finance is the largest gold financing company in India, and core product is gold loans. However, Muthoot Finance offer a wide range of other products and services to our customers are Foreign inward money transfer services, Domestic money transfer services, Instant money transfer services, Microfinance, Non-convertible debentures, Home loan, Vehicle Loan, Personal loans, Foreign exchange services, Insurance services, Corporate loans and Business loans

Muthoot Finanace subsidiaries are

Muthoot Homefin (India) Limited (MHIL) is a housing finance company registered with the National Housing Bank (NHB).

Belstar Investment and Finance Private Limited (BIFPL) is a microfinance nonbanking finance company (NBFC-MFI) registered with the RBI.

Muthoot Money Limited (MML) is a vehicle and equipment finance operations.

Muthoot Insurance Brokers is a direct insurance broker licensed by Insurance Regulatory and evelopment Authority of India (IRDAI) for doing life and non-life business.

Muthoot Finance Ltd financial Information:

  • Revenue from operation: 91637.74 Million
  • Profit before tax: 40,583.60 Million
  • Profit of the year FY22: 30,250.97 Million

1. Bajaj Finance Limited

Bajaj Finance Ltd company Profile:

Bajaj Finance Ltd is shortly known as BFL and it is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI).

BFL has a diversified lending portfolio across retail, SMEs and commercial customers with significant presence in urban and rural India. It accepts public and corporate deposits and offers variety of financial services products to its customers.

BFL is present in 2,988 locations across the country, including 1,690 locations in rural / smaller towns and villages.

It focuses on six broad categories: (i) consumer lending, (ii) SME lending, (iii) commercial lending, (iv) rural lending, (v) deposits; and (vi) partnerships and services.

  • BFL has two subsidiaries. These are:
    1. Bajaj Housing Finance Ltd. (‘BHFL’ or ‘Bajaj Housing’) which is registered with National Housing Bank as a Housing Finance Company (HFC); and
    2. Bajaj Financial Securities Ltd. (‘BFinsec’), which is registered with the Securities and Exchange Board of India (SEBI) as a stock broker and depository participant

Bajaj Finance is top 10 companies in India based on their market capitalization to know more about the companies use use the link: aaraichikurippukal.com/top-10-indian-companies-in-2021/

BFL Financial Information:

  • Revenue from operation: 23,005.85 crores
  • Profit before tax: 6,238.29 crores
  • Profit of the year FY22: 4,608.72 crores
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