Here we can see the list of Top NBFC Finance Companies in India which is sorted out based on the Turnover. There were approximately 10,000 NBFCs in India registered with Reserve Bank of India (RBI), of which 89 deposit accepting NBFC in India.
NBFC Full Form | What is NBFC
Non-Banking Financial Company (NBFC) is the Full Form. Non-Banking Financial Company is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities.
Financial activity as principal business is when a company’s financial assets constitute more than 50 percent of the total assets and income from financial assets constitute more than 50 percent of the gross income. A company that fulfills both these criteria will be registered as NBFC by RBI.
List of Top NBFC Finance Companies in India
So here is the List of Top Non-Banking Financial Company (NBFC) Companies in India which are listed based on the Total sales in the year 2020.
10. Sundaram Finance Ltd
Sundaram Finance was established in 1954 when Sri T. S. Santhanam, the Founder, envisioned the future of hire-purchase finance in India. The company is tenth in the list of Top NBFC companies in India.
- Sales₹ 5,812 Cr.
- Operating profit₹ 4,472 Cr.
- Net profit₹ 1,652 Cr.
- Sales last year₹ 5,501 Cr.
- EBIDT last year₹ 4,252 Cr.
The company was started with a paid-up capital of Rs. 2 Lakhs and promoted by Madras Motor & General Insurance Company which was then one of the leading insurance companies in India prior to nationalization in 1971.
- Total Assets₹ 56,066 Cr.
- Reserves₹ 9,800 Cr.
- Debt₹ 42,694 Cr.
- Debt to equity4.31
- Dividend yield0.85 %
- Face value₹ 10.0
- ROE 5Yr14.2 %
- ROCE8.00 %
- ROCE 3Yr8.22 %
- Return on equity14.1 %
It has a nation-wide presence of nearly 640 branches, over two lakh depositors and three lakh commercial vehicle and car finance customers. Today, Sundaram Finance Limited has a diversified presence in Mutual Funds, Housing Finance, General Insurance, IT, Business Process Outsourcing and Retail Distribution of a wide array of financial services and products.
9. Manappuram Finance Ltd
Manappuram Finance Ltd. is one of India’s leading gold loan NBFCs. Promoted by Shri. V.P. Nandakumar, the current MD & CEO, its origins go back to 1949 when it was founded in the coastal village of Valapad (Thrissur District) by his late father Mr. V.C. Padmanabhan.
- Sales₹ 7,208 Cr.
- Operating profit₹ 4,788 Cr.
- Net profit₹ 1,716 Cr.
- Sales last year₹ 6,684 Cr.
- EBIDT last year₹ 4,432 Cr.
The firm was involved in pawnbroking and moneylending carried out on a modest scale. Shri Nandakumar took over the reins in 1986 after his father expired. It is ninth in the list of Top NBFC finance companies in India based on turnover.
- Total Assets₹ 39,504 Cr.
- Reserves₹ 9,476 Cr.
- Debt₹ 29,167 Cr.
- Debt to equity3.02
- Dividend yield2.10 %
- Face value₹ 2.00
- ROE 5Yr21.3 %
- ROCE11.7 %
- ROCE 3Yr13.0 %
- Return on equity16.6 %
Since then, it has been a story of unparalleled growth with many milestones crossed. Incorporated in 1992, Manappuram Finance Ltd. has grown at a rapid pace. Today, it has 4351 (Includes branches of subsidiary companies) branches across 28 states/UTs with assets under management (AUM) of Rs. 194.38 billion and a workforce of 25,610.
8. Muthoot Finance Ltd
- Sales₹ 11,010 Cr.
- Operating profit₹ 8,728 Cr.
- Net profit₹ 3,647 Cr.
- Sales last year₹ 10,515 Cr.
- EBIDT last year₹ 8,434 Cr.
The Muthoot Group was founded in 1887 as a modest trading business in the remote village of Kozhencherry in Kerala. Muthoot Finance is the largest gold loan Non-banking Finance Company (NBFC). It is 8th in the list of Top NBFC Finance companies in India based on turnover.
- Total Assets₹ 74,248 Cr.
- Reserves₹ 20,776 Cr.
- Debt₹ 51,226 Cr.
- Debt to equity2.42
- Dividend yield1.83 %
- Face value₹ 10.0
- ROE 5Yr23.3 %
- ROCE12.1 %
- ROCE 3Yr14.0 %
- Return on equity17.6 %
Over the decades, the Group has evolved to become a flourishing business conglomerate spanning India’s small and large towns; and is currently home to 20 diversified divisions and 4,480+ branches. The Group recently celebrated 132 years of lending services to millions of underserved Indians, leading to financial inclusion, even in the most remote and rural areas of the country.
7. Cholamandalam Investment & Finance Company Ltd
Owned by Murugappa Group, Founded in 1900 which is one of India’s leading business conglomerates. Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the financial services arm of the Murugappa Group.
- Sales₹ 14,196 Cr.
- Operating profit₹ 10,268 Cr.
- Net profit₹ 2,813 Cr.
- Sales last year₹ 12,884 Cr.
- EBIDT last year₹ 9,484 Cr.
Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stockbroking and a variety of other financial services to customers. Chola operates from 1029 branches across India.
- Total Assets₹ 1,13,627 Cr.
- Reserves₹ 14,182 Cr.
- Debt₹ 97,358 Cr.
- Debt to equity6.79
- Dividend yield0.16 %
- Face value₹ 2.00
- ROE 5Yr18.9 %
- ROCE9.72 %
- ROCE 3Yr9.59 %
- Return on equity20.4 %
The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL). It is seventh in the list of Top NBFC finance companies in India based on turnover.
6. Edelweiss Financial Services Ltd
- Sales₹ 9,230 Cr.
- Operating profit₹ 2,942 Cr.
- Net profit₹ 448 Cr.
- Sales last year₹ 8,500 Cr.
- EBIDT last year₹ 3,097 Cr.
Edelweiss is one of India’s leading financial services conglomerates, offering a robust platform, to a diversified client base across domestic and global geographies. This is in the sixth position in the list of Top NBFC finance companies in India based on turnover.
- Credit (Retail, Corporate)
- Investment & Advisory (Wealth Management,
Asset Management and Capital Markets) - Insurance (Life, General)
The Company experience across India’s multiple consuming facets, from industrial behemoths and large companies to small business as well as the average Indian urban and rural household.
- Total Assets₹ 43,882 Cr.
- Reserves₹ 6,654 Cr.
- Debt₹ 21,791 Cr.
- Debt to equity3.23
- Dividend yield2.15 %
- Face value₹ 1.00
- ROE 5Yr-0.78 %
- ROCE9.86 %
- ROCE 3Yr9.83 %
- Return on equity5.18 %
The company has 1.2 million strong client base is serviced through a network of over 476 offices, with close to 11,000 employees. Together with a strong network of Sub-Brokers and Authorized Persons, the Group has a presence across all major cities in India.
5. Mahindra & Mahindra Financial Services Ltd
Mahindra Finance began as a captive financier of Mahindra Utility Vehicles in the early 90s. From Mahindra UVs to tractors to non-Mahindra products, the company has diversified into financial services. It is one of the best in the list of top finance companies in India.
- Sales₹ 13,381 Cr.
- Operating profit₹ 8,692 Cr.
- Net profit₹ 2,194 Cr.
- Sales last year₹ 12,828 Cr.
- EBIDT last year₹ 8,177 Cr.
The product portfolio consists of 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. The company also undertakes mutual fund distribution, fixed deposits and personal loans tailor-made to suit its unique customer set.
- Total Assets₹ 1,05,085 Cr.
- Reserves₹ 18,313 Cr.
- Debt₹ 81,429 Cr.
- Debt to equity4.39
- Dividend yield2.08 %
- Face value₹ 2.00
- ROE 5Yr9.70 %
- ROCE8.87 %
- ROCE 3Yr7.96 %
- Return on equity11.9 %
With over 33,000 employees, Mahindra Finance has a presence in every state in India and a footprint in 85% of its districts. It serves customers in more than 3, 60,000 villages– that’s one in every two villages in the country. The Company is a part of Mahindra Group.
4. L&T Finance Holdings Ltd
L&T Finance Holdings Limited (the “Company” or “LTFH”) is a subsidiary of Larsen & Toubro Limited. The Company is registered with the Reserve Bank of India (“RBI”) as a Systemically Important Non-Deposit Accepting Core Investment Company (“NBFC-CIC”).
- Sales₹ 13,010 Cr.
- Operating profit₹ 7,866 Cr.
- Net profit₹ 1,806 Cr.
- Sales last year₹ 12,775 Cr.
- EBIDT last year₹ 8,051 Cr.
As an NBFC-CIC, the Company is a primary holding company, holding investments in its subsidiaries and other group companies and carries out only such activities as are permitted under the guidelines issued by RBI for NBFC-CICs.
- Total Assets₹ 1,06,339 Cr.
- Reserves₹ 19,049 Cr.
- Debt₹ 83,105 Cr.
- Debt to equity3.86
- Dividend yield1.45 %
- Face value₹ 10.0
- ROE 5Yr8.19 %
- ROCE7.56 %
- ROCE 3Yr7.25 %
- Return on equity6.41 %
The Company’s subsidiaries are engaged in businesses in the financial services sector. It is one among the list of top NBFC companies in India.
3. Aditya Birla Capital Ltd
Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group. Powered by more than 20,000 employees, the subsidiaries of ABCL have a nationwide reach with 850+ branches and more than 2,00,000 agents / channel partners and several bank partners.
- Sales₹ 28,833 Cr.
- Operating profit₹ 8,488 Cr.
- Net profit₹ 5,066 Cr.
- Sales last year₹ 30,163 Cr.
- EBIDT last year₹ 10,502 Cr.
Aditya Birla Capital Limited manages aggregate assets under management over Rs. 3000 billion and has a consolidated lending book of Rs. 605 billion, through its subsidiaries and joint ventures. Aditya Birla Capital Limited is a part of the Aditya Birla Group, a US$ 48.3 billion Indian multinational, in the league of Fortune 500.
- Total Assets₹ 1,80,353 Cr.
- Reserves₹ 17,893 Cr.
- Debt₹ 84,738 Cr.
- Debt to equity4.17
- Dividend yield0.00 %
- Face value₹ 10.0
- ROE 5Yr14.1 %
- ROCE11.4 %
- ROCE 3Yr9.10 %
- Return on equity26.8 %
ABCL is the third-largest NBFC in the list of top NBFC companies in India. Anchored by an extraordinary force of over 120,000 employees, belonging to 42 nationalities, the Aditya Birla Group operates in 34 countries across the globe.
2. Shriram Finance Company Ltd
- Sales₹ 31,632 Cr.
- Operating profit₹ 22,878 Cr.
- Net profit₹ 6,381 Cr.
- Sales last year₹ 30,492 Cr.
- EBIDT last year₹ 21,803 Cr.
Shriram Transport Finance Company Limited (STFC) is the flagship company of Shriram Group – a diversified group with interests in financial services viz. Commercial vehicle finance, Consumer Finance, life, and general insurance, stockbroking, chit funds and distribution of financial products such as life and general insurance products and units of mutual funds.
- Total Assets₹ 2,10,573 Cr.
- Reserves₹ 43,138 Cr.
- Debt₹ 1,64,804 Cr.
- Debt to equity3.79
- Dividend yield1.89 %
- Face value₹ 10.0
- ROE 5Yr14.8 %
- ROCE12.1 %
- ROCE 3Yr10.8 %
- Return on equity17.3 %
Established in 1979, STFC is an asset financing Non-Banking Finance Company. Headquartered in Mumbai. The company is the second-largest in the list of top NBFC companies in India.
Presently, the company is driven by 26,600+ motivated employees (including ~16,000 product/credit executives) championing a unique “relationship-based” business model through a pan-India network comprising 1,545 branches, 838 rural centers and partnerships with ~500 private financiers.
1. Bajaj Finance Ltd | Largest NBFC in India
- Sales₹ 44,615 Cr.
- Operating profit₹ 31,108 Cr.
- Net profit₹ 12,348 Cr.
- Sales last year₹ 41,398 Cr.
- EBIDT last year₹ 28,728 Cr.
Bajaj Finance Ltd is a deposit-taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI). It is a subsidiary of Bajaj Finserv Ltd. and is engaged in the business of lending. It is the Largest NBFC Finance Companies in India based on Turnover.
- Total Assets₹ 2,75,229 Cr.
- Reserves₹ 54,251 Cr.
- Debt₹ 2,16,690 Cr.
- Debt to equity3.99
- Dividend yield0.37 %
- Face value₹ 2.00
- ROE 5Yr19.2 %
- ROCE11.8 %
- ROCE 3Yr10.5 %
- Return on equity23.5 %
BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. It has two 100% subsidiaries:
(i) Bajaj Housing Finance Ltd.
(ii) Bajaj Financial Securities Ltd.
There were approximately 10,000 NBFCs registered with Reserve Bank of India (RBI), of which 89 deposit accepting NBFC.
NBFC in India are regulated by the Reserve Bank of India (RBI) within the framework of the Reserve Bank of India Act, 1934 (Chapter III-B) and the directions issued by it.
Yes. Non-Banking Financial Company is a company registered under the Companies Act, 1956. For detailed Information read the full article from the Top.
The main Difference between bank and NBFC is NBFCs are not allowed to accept deposits which are repayable on demand whereas banks which accepts demand deposits. In NBFC, foreign Investments up to 100% is allowed.
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