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Top 10 NBFCs in India | Non-Banking Financial Companies

Top 10 NBFCs in India:- NBFC is known as a Non-Banking Financial Company, which is monitored by the RBI or Reserve Bank of India, which operates under the framework of the Reserve Bank of India Act 1934. NBFC is a company registered under the Companies Act, 1956. They are engaged in the business related to the business of loans, advances, acquisition of shares, stock, bonds, hire-purchase and chit-fund business. Below is the list of the Top 10 NBFC in India.

Top 10 NBFCs in India

NBFC acts as a principal business when the financial assets constitute more than 50% of the total assets and income of the assets is more than 50% of the gross income. NBFC does not include any institution whose principal business is agriculture, industrial activity, purchase, or sale of any goods or providing any services and sale, purchase, or construction of the immovable property. Have a look at top NBFC companies in India 2021.

No.1- Bajaj Finance Limited

Bajaj Finance Limited is in the first position in the list of top 10 NBFC in India with the highest Net worth. It is the largest non-banking financial company with the highest Turnover in India. It is considered a deposit-taking NBF Company engaged in the lending and registered with the RBI. It is present in rural and urban India and deals in a diversified lending system as retail, SME, and Credit card facility. It has two main branches, i.e., Bajaj Housing Finance Limited and Bajaj Financial Securities Limited.

  • Revenue: Rs 22,413 Cr
  • Headquarter: Pune
  • Profit: 4,937 Cr
  • Market Cap:  249,069 Cr.
  • ROE: 21.98 %
  • Sales Growth (3Yrs): 33.55 %
  • Promoter holding: 56.15 %
  • Debt to equity: 3.69
  • Price to book value: 11.45

No.2- Aditya Birla Capital Limited (ABCL)

Aditya Birla Capital Limited is one of the top non-banking financial companies with a High Net Worth. ABCL is a brand product of the Aditya Birla Group. ABCL is a holding & dealing company for the financial services and businesses of the Aditya Birla Group. Ajay Srinivasan heads Aditya Birla Capital Limited. There are more than 20,000 employees, 850+ branches, more than 2,00,000 agents, and several channels, bank partners. ABCL/Aditya Birla Group is the second-largest company in India that operates in more than 34 countries around the globe.

  • Revenue: Rs 16,131 Cr
  • Profit: 998 Cr
  • Market Cap:  22,022 Cr.
  • ROE: 9.65 %
  • Sales Growth (3Yrs): 60.85 %
  • Promoter holding: 72.70 %
  • Debt to equity: 5.52
  • Price to book value: 2.19

No.3- Shri Ram Transport Finance Company Limited

Shri Ram Transport Finance Company Limited (STFC) is a popular NBFC interested in Financial Services. Shri Ram Transport Finance Company Limited was established in 1979 which is operated under the flagship of Shri ram Group. Commercial Vehicle Finance, Consumer Finance, Life Insurance, General Insurance, Stockbroking, chit Funds, and Mutual Funds are some of the services provided by the STFC. There are more than 20,600+ employees, 1,545+ branches work for STFC.

  • Revenue: Rs 16,127 Cr.
  • Headquarter: Mumbai
  • Profit: 2,793 Cr
  • Market Cap:  26,182 Cr.
  • ROE: 17.37 %
  • Sales Growth (3Yrs): 14.45 %
  • Promoter holding: 26.25 %
  • Debt to equity: 5.51
  • Price to book value: 1.64

No.4- L&T Finance Holdings Limited

L&T Finance holdings limited is a brand company and a popular non-banking financial company established on 1 May in the year 2008. L&T Finance company works under the flagship of Larsen & Turbo Limited, which is registered with the Reserve Bank of India as an NBFC-CIC (core investment company). It is headquarters in Mumbai, Maharashtra, and works for businesses in Financial Sector Service.

  • Revenue: Rs 13,873 Cr
  • Profit: 1,856 Cr
  • Market Cap:  22,996 Cr.
  • ROE: 17.96 %
  • Sales Growth (3Yrs): 20.41 %
  • Promoter holding: 63.86 %
  • Debt to equity: 6.44
  • Price to book value: 1.64

No.5-Mahindra & Mahindra Financial Services Limited

Mahindra is famous for the on-road vehicles, but now the company is diversified into Financial Services. Mahindra & Mahindra Financial Services Limited was established on 1 January 1991 that works under the Brand Mahindra & Mahindra and headquarters in Mumbai, Maharashtra. The company provides various financial services, including vehicle finance (utility vehicles, tractors, personal or commercial vehicles), project finance, equipment finance, and working capital finance. The company also deals with mutual funds, fixed deposits, and personal finance.

  • Revenue: Rs 11,307 Cr
  • Profit: 1,482 Cr
  • Market Cap:  19,895 Cr.
  • ROE: 17.30 %
  • Sales Growth (3Yrs): 16.56 %
  • Promoter holding: 51.19 %
  • Debt to equity: 4.97
  • Price to book value: 1.78

No.6- Edelweiss Finance services Limited

Edelweiss Finance services Limited is a leading financial services conglomerate, which was established in November 1995. Edelweiss Finance services Limited is headquarters in Mumbai, Maharashtra, and owns a subsidiary named Edelweiss Broking Limited. The company deals in various services that consist of Credit(retail or corporate), Investment, Advisory, Life Insurance, and General Insurance. There are more than 11,000 employees, 476+ branches, and a strong client base of 1.2 million.

  • Revenue: Rs 10,650 Cr
  • Profit: 674 Cr
  • Market Cap:  10,454 Cr.
  • ROE: 13.67 %
  • Sales Growth (3Yrs): 27.21 %
  • Promoter holding: 32.91 %
  • Debt to equity: 5.40
  • Price to book value: 1.34

No.7- Cholamandalam Investment & Finance Company Limited

Cholamandalam Investment & Finance Company Limited is a leading financial services company in India. This company was established in the Year 1900 and owned by the Murugappa Group. The company deals with Vehicle Finance, Home Loans, Home Equity Loans, SME Loans, investment advisory services, stockbroking, and various financial services. Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL) are two popular sub-products.

  • Headquarter: Chennai, India
  • Revenue: Rs 8,000 Cr
  • Profit: 1,239 Cr
  • Market Cap:  23,601 Cr.
  • ROE: 21.14 %
  • Sales Growth (3Yrs): 18.93 %
  • Promoter holding: 52.94 %
  • Debt to equity: 8.26
  • Price to book value: 3.49

No.8- Muthoot Finance Limited (Top 10 NBFCs in India)

Muthoot Finance Limited is a leading financial services company in India and the most modest business in the village of Kozhencherry in Kerala. This company was established in the Year 1887 and owned by the Muthoot Group. This company is named after its founder, M.George Muthoot, the largest gold loan non-banking Finance company in India. Muthoot Money Private Limited, Muthoot vehicle and assets finance limited, and Muthoot Health care privately limited are some popular Sub-products.

  • Headquarter: Kochi
  • Revenue: Rs 7,590 Cr
  • Profit: 2,385 Cr
  • Market Cap:  29,830 Cr.
  • ROE: 22.41 %
  • Sales Growth (3Yrs): 12.16 %
  • Promoter holding: 73.48 %
  • Debt to equity: 2.68
  • Price to book value: 2.81

No.9- Manappuram Finance Limited (Top 10 NBFCs in India)

Manappuram Finance Limited is one of the popular NBFC in India. It is one of India’s leading gold loan NBFC, which was established in the year 1949. Late V. C. Padmanabhan, the father of Shri V.P. Nandakumar (current MD and CEO), founded this company in the coastal village of valapad, in Thrissur District. There are more than 25,610 employees, 4351+ branches (including its subsidiaries).

  • Revenue: Rs 4,627 Cr
  • Profit: 1,179 Cr
  • Market Cap:  14,580 Cr.
  • ROE: 22.12 %
  • Sales Growth (3Yrs): 20.23 %
  • Promoter holding: 35.12 %
  • Debt to equity: 3.67

No.10- Sundaram Finance Limited (Top 10 NBFC in India)

Last but not least, Sundaram Finance Limited is in the tenth position in the list of top 10 NBFC in India. This company was established in the year 1954 by Shri T.S. Santhanam. The company deals in mutual funds, housing finance, General finance, IT, Business Processing outsourcing, and retail distribution services and products. More than 7,600 employees, 640+ branches, over 2 lakh depositors, and 3 lakh (commercial or personal) vehicle finance customers.

  • Revenue: Rs 3,654 Cr
  • Profit: 1,258 Cr
  • Market Cap:  17,864 Cr.
  • ROE: 15.00 %
  • Sales Growth (3Yrs): 11.38 %
  • Promoter holding: 35.95 %
  • Debt to equity: 4.52

FAQ

Q- How many NBFC companies are there in India?

There were approx. 10,000 NBFCs are registered with the Reserve Bank of India (RBI), out of which 89 deposits accepting NBFC.

Q- Who controls NBFC in India?

NBFC in India is controlled by the Reserve Bank of India (RBI) within the Reserve Bank of India Act, 1934, and the directions issued by it.

Q- What is the difference between banks and NBFC?

The NBFCs are not allowed to accept repayable deposits on demand, whereas Banks accept demand deposits.

Q- Which is the largest NBFC in India based on turnover?

Bajaj Finance Limited is the largest NBFC in India which is engaged in the business of lending.

 

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