The Present financial sectors are all on rise at the present time. For the growth of the present Indian economy, these companies have a very important part to play. In the last 10 years, they have expanded into a number of subsidiaries also, earning huge profit. At the same time, they are also working in the international market also. With long term stability and having the trust of millions of Indians, these companies have gained an everlasting place in the horizon of Indian economy. Here will be discussing about these companies, their success stories and more. So read on for all the details.
Largest Finance Companies in India
1. Aditya Birla Finance Limited: (yearly revenue: US$65 billion)
A large Indian financial firm, Aditya Birla Finance Limited is a subsidiary of Aditya Birla Capital Limited. Long-standing and related to the Aditya Birla Group, the company offers corporate financing, structured finance, and wealth management. Aditya Birla Finance Limited has always handled market changes well. The company did well in 2024 thanks to its various revenue. Diversification helps it withstand market fluctuations. Aditya Birla Finance Limited’s risk management ensures development and profitability even in unexpected times. Aditya Birla Finance Limited excels in organization-specific corporate finance solutions. The company tailors financial solutions to organizations’ requirements and challenges to help them flourish. Innovative and sophisticated wealth management tools for individuals and companies from Aditya Birla Finance Limited help clients achieve their financial goals.
| Founded | 1991 |
| Industry | Financial services |
| Headquarters | Mumbai, India |
| Website | https://www.adityabirlacapital.com/ |
| CEO | Rakesh Singh |
2. HDB Financial Services Limited (Yearly revenue: US$26 billion)
HDB Financial Services Limited, an HDFC Bank subsidiary, offers a variety of financial products and tailored services. It offers consumer and commercial loans to individuals and businesses. HDB Financial Services uses risk management and technological innovation to offer services effectively and safely. Financial stability and success have made HDB Financial Services Limited a financial sector staple. The consumer and business lender has changed with the market. HDB Financial Services practises CSR, community development, and sustainable business. Through strategic collaborations, HDB Financial offerings has expanded its offerings and enhanced its commitment to financial inclusion and economic development. Strategic partnerships have helped the company meet customer needs. Collaboration has increased financial literacy, economic empowerment, and inclusive development in communities.
| Founded | 1978 |
| Industry | Non-Banking Financial Company (NBFC) |
| Headquarters | Chennai, India |
| Website | https://www.hdbfinancialservices.com/ |
| CEO | Ramesh G |
Also Read: Corporate Loan Waive-Off In India: Pros and Cons
3. L&T Finance Limited (Yearly Revenue: US$23 billion)
L&T Finance Limited is owned by Larsen & Toubro. Infrastructure financing, rural finance, and investment management have fortified strong nation sectors. L&T Finance Limited is one of the best financial retailers and distributors. Enhancements recently made prove the company’s ingenuity and development. Strategic partnerships enable L&T Finance to develop a wide suite of solutions to cater to changing client needs. The company had used technology to smoothen its financial services, increasing its productivity and of its customers. L&T Finance Limited impacted Indian finance. Finance innovations bridged the gaps of the markets and have increased competitiveness. Through growth and strategic connections, the company has endured even in challenging marketplaces.
| Founded | 1994 |
| Industry | Financial services |
| Headquarters | Mumbai, India |
| Website | https://www.ltfs.com/ |
| CEO | DinanathDubhashi |
Also See: Top 10 Biggest Retailers in India
4. Shriram Finance Limited (Yearly revenue: US$14 billion)
Shriram Lending Limited is a significant retail lender of commercial vehicles, consumer durables, and microfinance. Customer service and countrywide reach make Shriram Finance a valued financial partner for consumers and businesses. The revered Shriram Group’s Shriram Finance Limited has a strong culture and values system. These ideals show the company’s dedication to ethics and customer service, providing transparent and personalized service. Shriram Finance’s market positioning and growth methods target specific financial markets, setting them apart. The company adapts to market changes with planned growth while maintaining its values.
| Founded | 1974 |
| Industry | Financial Services |
| Headquarters | Chennai, India |
| Website | https://www.shriramfinance.in/ |
| CEO | Y. S. Chakravarti |
5. Power Finance Corporation Limited (Yearly revenue: US$9.7 billion)
The power sector in India relies on Power Finance Corporation Limited (PFC) to finance power infrastructure projects. Renewable energy, transmission, and rural electrification initiatives funded by PFC promote energy security and sustainability. PFC supports India’s growth-critical power sector activities as part of its business strategy. The company sponsors essential infrastructure projects that advance the country. Visionary PFC leadership fosters power industry-driven strategic initiatives. PFC’s executive team also has power project financing experience. This expertise’s resource allocation and strategic decision-making boost PFC’s power sector financial partner position.
| Founded | 1986 |
| Industry | Financial Services |
| Headquarters | New Delhi, India |
| Website | http://www.pfcindia.com/ |
| CEO | Parminder Chopra |
6. Bajaj Finance Limited: (yearly revenue: US$1.7 billion)
India’s biggest non-banking financial business is Bajaj Finance Limited, a Bajaj Finserv subsidiary. The diverse Bajaj Credit portfolio includes consumer, SME, and commercial financing. The company’s market valuation reflects its high sales growth and profitability ratios. Bajaj Finance meets consumers’ diverse financial needs via consumer, business, and other loans. In 2024, Bajaj Finance achieved digital innovation and business growth milestones. Modern digital endeavors have enhanced user experience and financial transaction efficiency. Effective market growth has boosted market share and solidified the company’s industry leadership. Innovation and customer satisfaction have made Bajaj Finance successful in India’s dynamic financial industry.
| Founded | 1987 |
| Industry | Financial services |
| Headquarters | Pune, India |
| Website | https://www.bajajfinserv.in/ |
| Image of Bajaj Finance Limited logoOpens in a new window | www.ashoka.edu.in |
| CEO | Rajeev Jain |
7. Tata Capital Finance Service Limited: (yearly revenue: US$1.7 billion)
Tata Capital Finance Service Limited is a large Indian financial firm. Companies and individuals trust Tata Capital for corporate, home, and investment banking services. Tata Capital Finance Service Limited, part of the Tata Group, offers several financial solutions to meet customer needs. Consumer loans, business lending, and asset management are offered. Strong market position has helped Tata Capital Finance Service Limited expand and stabilize financially. New financial solutions fit customers’ shifting needs, reflecting the company’s creativity. Wealth management services help individuals and corporations protect and grow wealth. Sustainable and eco-friendly finance is led by Tata Capital Finance Service Limited. The organization offers eco-friendly finance to assist environmental conservation and customer financial needs. Tata Capital leads India’s finance industry with its dedication to innovation, financial stability, and environmental responsibility, setting a quality and honesty standard.
| Founded | 1999 |
| Industry | Financial Services |
| Headquarters | Mumbai, India |
| Website | https://www.tatacapital.com/ |
| CEO | Rajiv Sabharwal |
8. Mahindra & Mahindra Financial Services Limited: (yearly revenue: US$1.6 billion)
Mahindra & Mahindra Financial Services Limited, part of the Mahindra Group, provides financial services in rural and semi-urban India. Mahindra Finance is a large rural and semi-urban financial services company. Mahindra & Mahindra Financial Services Limited has improved financial transaction accessibility and efficiency with several technological breakthroughs. By embracing digital platforms, the company has simplified banking services. To connect urban and rural financial access, Mahindra Finance has spearheaded tech-driven rural financial inclusion programs. Mahindra & Mahindra Financial Services Limited also tailors financial solutions to rural clients’ needs. These tailored commodities assist rural communities economically. The group also promotes financial literacy in rural areas to help individuals make smart financial decisions.
| Founded | 1991 |
| Industry | Financial services |
| Headquarters | Mumbai, India |
| Website | https://www.mahindrafinance.com/ |
| CEO | Anish Shah |
9. Cholamandalam Investment and Finance Company Limited (Yearly revenue: US$1.6 billion)
A Murugappa Group firm, Cholamandalam Investment and loans firm Limited, specializes in car, housing, and corporate loans. Cholamandalam Finance has succeeded in India’s competitive financial services business via risk management and client service. Cholamandalam Investment and Finance Company Limited provides a range of financial products and services to meet client needs. Customers get customized vehicle, home, and business finance. Cholamandalam Finance respects financial governance and regulatory standards. Transparent governance boosts stakeholder confidence and corporation accountability. Diversifying into emerging financial fields helps Cholamandalam Investment and Finance Company Limited grow. To capitalize on market changes and opportunities, the company is expanding its portfolio and investigating new sectors.
| Founded | 1978 |
| Industry | Financial services |
| Headquarters | Chennai, India |
| Website | https://www.cholamandalam.com/ |
| CEO | Arunkumar Chola |
Also See: Leading Housing Finance Companies in India
10. Muthoot Finance Limited: (Yearly Revenue: US$1.5 billion)
In the Indian gold financing market, Muthoot financing Limited is the most dominating company. Muthoot Finance has been one of the most prominent gold lenders since its inception. The company has been serving the credit needs of rural and semi-urban inhabitants and businesses through its vast branch network and effective risk management. Muthoot Finance Limited has a dominant presence in gold lending as an NBFC. Its loyal customers come from its enduring honesty and sincerity. In addition to market leadership, Muthoot Finance Limited has dedicated itself to efforts at financial inclusion. Serving a diversity of consumer groups has allowed greater reach of financial services and facilitated economic empowerment and inclusion. Corporate citizenship is further enhanced by community development and welfare activities at Muthoot Finance.
| Founded | 1888 |
| Industry | Financial services |
| Headquarters | Mumbai, India |
| Website | https://www.muthootfinance.com/ |
| CEO | Shaji Varghese |
Conclusion
These top 10 finance companies in India 2024 make for perfect examples of excellence, innovation, and resilience the way they scale up to the heights of financial complexities. In the vibrant landscape of India’s financial sector, these companies have stood out as titans, wielding significant influence and impact. For instance, this is evident by the fact that such firms with wide portfolio of products and intuitive, intelligent client approach and focus on sustainable growth continue to be in the forefront of India’s growth story as also the Financial Inclusiveness Agenda.
Meet Suhas Harshe, a financial advisor committed to assisting people and businesses in confidently understanding and managing the complexities of the financial world. Suhas has shared his knowledge on various topics like business, investment strategies, optimizing taxes, and promoting financial well-being through articles in InvestmentDose.com
