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List of 10 Top Best Finance Companies In India (2023)

by Ashish Bansal
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finance companies in india

With the worldwide economy taking a swirl in the post-COVID-19 scenario, finance companies could turn out to be the ‘go-to’ for those who desperately need aid or for those who need to reset their momentum rapidly. From start-ups to SME’s, there will be many who would want to take a helping hand.

 Finance companies can either be Banking or Non-Banking Financial Companies (NBFC’s) offering services like housing financing, mutual funds, insurance, credit reporting, debt collection, portfolio management, stock-broking, investment advisory, personal or mortgage loans, credit transactions, etc. 

Unlike the banking finance companies, Non-Banking Financial Companies NBFC’s are entities providing bank-like financial services but do not hold a license for banking and are not subject to banking regulations.

In India, NBFC’s focus on business-related to loans and advances, leasing, hire-purchase, insurance business, chit business, acquisition of shares, stock, bonds, debentures, government-issued securities or similar securities of marketable nature. 

Top Ten best finance companies in India:

Based on many criteria of your requirement of finance, an appropriate top finance company can be chosen. The ability to choose between banking and a Non-Banking Financial Company also depends upon the regulation adherence or diligence needed as per your need of the organization. 

Whether you are looking for the top NBFC in India or India’s list of non-banking financial companies, the below ten best finance companies in India are the preferred ones with many well known in the fraternity of top finance companies in the world.

Here is the list of Top 10 finance companies in India:

Bajaj Finance Limited

Bajaj Finance Limited Best Finance Company In India

Bajaj Finance Limited (BFL), also known as Bajaj Finance, is the most diversified and profitable Non-Banking Financial Company in India, rendering an extensive portfolio of products that is spread across Consumer, Wealth management and SME & Commercial lending. It is one of the most significant players in the rapidly flourishing consumer finance areas.

Bajaj Finance is one of the ten best finance companies in India, is said to be a pioneer in launching interest- free easy monthly installment (EMI) options in more than fifty categories of purchaser’s durables to groceries to lifestyle products and many more. 

BFL is headquartered in Pune, Maharashtra. BFL is also a registered corporate agent of third party insurance products of Bajaj Allianz Life Insurance Company Limited, Future Generali Life Insurance Company Limited and HDFC Life Insurance Company Limited. 

The subsidiaries of Bajaj Finance include Bajaj Allianz General Insurance Company Ltd., Bajaj Allianz Life Insurance and Bajaj Finance Ltd.

Under Wealth Management, BFL provides robust and effective long term financial planning equipping and assisting customers with strategy and tools for making informed decisions regarding their investments and savings.


BFL’s Product Portfolio includes: 

  • Consumer Finance
  • SME Finance
  • Commercial Lending
  • Investments

GIC Housing Finance Limited

GIC Housing Finance Limited Best Finance Company In India

Incorporated as ‘GIC Grih Vitta Limited’ and now known as GIC Housing Finance Limited (GICHFL) is also counted as one of the ten best finance companies in India. They deal primarily with granting housing loans.

GIC Housing Finance Ltd, headquartered in Mumbai, Maharashtra, is a subsidiary of General Insurance Corporation of India with their operation in the retail loan segment.

GICHFL strongly believes that its success and growth is a positive contribution of the fair and ethical but customer-friendly lending policies, creating wealth for its shareholders.  

This NBFC is promoted by General Insurance Corporation of India and its former subsidiaries – National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited, and United India Insurance Company Limited. 

Spread across 75 offices throughout the country, GICHFL Is backed by a strong marketing team and provides finance to individual borrowers via reliable tie-ups with builders.

GIC Housing Finance Ltd. tied up with Kotak Mahindra Old Mutual Life Insurance Ltd for getting insurance cover on the life of the consumer and came to be known as one of the ‘outstanding home Loan’ offered. 

The company sold its investments later in year-end 2010 to LIC Mutual Fund Asset Management Company Ltd and LIC Mutual Fund Trustee Company Pvt Ltd.


GICHFL Product Portfolio includes: 

  • Affordable housing loans
  • Pradhan Mantri Awas Yojana Housing (PMAY) 
  • Non-Housing Loans (against housing property or commercial loans)

IDFC First Bank Ltd

IDFC First Bank Ltd Best Finance Company In India

Integrity, transparency, and trust are what define the IDFC First Bank Ltd, a listed one in the ten best finance companies of India. This entity is a merger of IDFC Bank, which is a liability franchise bank and capital, first being the robust retail asset franchise in niche segments.

IDFC First Bank offers diversified asset profiles and has a substantial retail consumer base of 1 crore, including live and rural customers. It is also a leading partner in Government initiated road transport projects (FASTag). 

IDFC First Bank has a strong vision of wanting to create the world’s best bank, right here in India, for aspiring consumers and entrepreneurs.

The merger of IDFC Bank and Capital First has given rise to an entirely new bank with more positive core values relying on the strengths of both the institutions and positions for constant upscale growth in the future. IDFC First Bank Ltd. is headquartered in Mumbai, Maharashtra. 


IDFCFB Product Portfolio includes:

  • Personal banking services like Savings account, Deposits, Loans, Investment, Insurance, Payments, Cards, and Forex
  • Business banking services like Accounts and deposits, Cash management services, Loans, Business investment solutions, Trade Forex services, and Cards
  • Wholesale banking services for corporates, MNC’s, Government, and financial institutions
  •  Wealth management services like Investment solutions, personal insurance solutions, as well as Business insurance solutions

Housing Development Finance Corporation Ltd (HDFC)


Housing Development Finance Corporation Ltd (HDFC) Best Finance Company In India


Associated with the Indian housing sector since the last four decades, Housing Development Finance Corporation (HDFC) Limited is a brand characterized by trust and solidity and is a pioneer in housing mortgages.

With the aim of “Increase the flow of resources to the housing sector by integrating the housing finance sector with the overall domestic financial markets,” it has so far financed 7 million cumulative housing units, disbursed loans of 4.6 trillion and has facilitated 1.9 million deposit accounts.

 Its presence outside India is through undertaking housing finance consultancy across Asia, Africa, and East Europe. HDFC has received AAA ratings for its deposits program from two leading credit rating agencies (CRISIL and ICRA) for 25 consecutive years. 

As one of the many Best finance companies in India, it indulges in offering an impeccable service via a network of over 420 offices across the country with prompt assistance. 

It provides diversified services in Banking, Life and General Insurance, Asset Management, Education Loans, and Real estate venture capitals, and many more. HDFC is headquartered in Mumbai, Maharashtra.


HDFC’s Product Portfolio includes: 

  • Housing Loans, Non-Housing Loans, Loans for NRI/PIO
  • Affordable Housing through HDFC Reach Loans 
  • Affordable homes through Pradhan Mantri Awas Yojana
  • Refinance 
  • Deposits

Indiabulls Housing Finance Ltd

Indiabulls Housing Finance Ltd Best Finance Company In India

Indiabulls Housing Finance Ltd (IHFL) is well known as one of the ten best finance companies and India’s 2nd most extensive in its league. Headquartered in New Delhi, it is popular to present tailor-made home loan solutions to its customers.

Throughout the years, it has fostered win-win relationships with more than 1 million customers disbursing cumulatively Rs1.97 trillion values of home loans. IHFL holds the highest long-term credit rating of AAA from all four leading rating agencies.

 Indiabulls e-home Loans are India’s first completely online home loan. IHFL places a significant focus on the affordable housing segment. It ranks as 13th largest Consumer Finance Company worldwide by Forbes Global 2000. The National Housing Bank regulates IHFL. 

The subsidiary companies include Indiabulls Commercial Credit Limited, Indiabulls Advisory Services, Indiabulls financial services Ltd. and others through which the company provides housing finance, consumer finance, and wealth management services.

IHFL was awarded the “Best Housing Financial Company” of the year in 2013 at ASSOCHAM Real Estate Excellence Awards.


IHFL’s Product Portfolio includes: 

  • Home Loans
  • MSMSE Loans
  • Loan against property (LAP)

L&T Finance Holdings Ltd


L&T Finance Holdings Ltd Best Finance Company In India


One of India’s leading Non-banking finance companies brand, L&T Financial Services (LTFS), offers a diverse range of financial products as well as services across rural, housing, and infrastructure finance sector.

It is parented by Larsen and Toubro (L&T) which is one of the leading companies in India, having its presence in engineering, construction, electrical & electronics manufacturing & services, IT and financial services. 

With its headquarters in Mumbai, LTFS caters to the business requirements of its growing customer base through a nationwide network of branches and meeting centers, a product portfolio covering five different business verticals. 

LTFS headquartered in Kolkata, West Bengal, offers mutual fund products along with investment management services. L&T Finance Holdings Ltd. is an NSE and BSE listed company and registered with the Reserve Bank of India (RBI) as a Systemically Important Non-Deposit Accepting Core Investment Company (NBFC-CIC).

It conducts its operations through its wholly-owned subsidiaries, viz., L&T Finance Ltd., L&T Housing Finance Ltd., L&T Infrastructure Finance Company Ltd., L&T Investment Management Ltd. L&T Capital Markets Ltd. and L&T Infra Debt Fund Ltd.


LTFS’s Product Portfolio includes: 

  • Two-wheeler finance
  • Housing finance
  • Mutual funds
  • Farm equipment finance
  • Wealth management
  • Microloans
  • Real estate finance
  • Infra finance

LIC Housing Finance Ltd

LIC Housing Finance Ltd Best Finance Company In India

Established since 1989, LIC Housing Finance Ltd (LIC HFL) is one of the largest Housing Finance Companies in India. Its principal objective is to provide long term finance to consumers who want to purchase or construct a house for residential purposes.

LIC HFL went public in 1994, and its stocks are traded on the National Stock Exchange (NSE) and Bombay Stock Exchange Limited (BSE). Being amongst the trailblazers in India, it also provides finance on existing property for business/personal needs. 

It offers loans to individuals for purchase/construction of Clinics/Nursing Homes/ Diagnostic Centers/ Office Space and their related equipment too. The company also provides and assists the builders who are into the business of construction of similar premises.

 LIC HFL is a respected and trusted financial services company and has served more than 25 lakh families. Its infrastructure consists of 284 marketing offices, two of which are set abroad facilitated by more than 12000 marketing intermediaries who are instantly available to guide through the loan processes.

Since its inception, it has cumulatively disbursed more than Rs. 3.35 lakh crore through offline and online home loan approvals. It is headquartered in Mumbai, Maharashtra.


LIC HFL’s Product Portfolio includes: 

  • Home Loans
  • Corporate/Project Loans
  • Special Loans (against property, security, to professionals, for company property, rental securitization)
  • Deposits

Mahindra & Mahindra Financial Services Ltd


Muthoot Finance Ltd Best Finance Company In India


From utility vehicles and tractors to non- Mahindra products, Mahindra Finance has diversified into providing an elaborate suite of financial solutions, especially to those who are under-served in the rural markets.

Its focus since inception has been catering to the needs of those in the country and semi-urban area, thereby strengthening the agricultural and farming sectors in India. 

With 33,000 employees representing Mahindra Finance in every state in India, it has a robust network of over 1300 offices, attending consumers from more than 3,70,000 villages with assets under management of over Rs. 67,000 crores.

Mahindra finance creates innovative solutions for the “Earn and pay” segment that it facilitates. It is the only Non-Banking Financial Company from India to be listed on the Dow Jones Sustainability Index in Emerging Market Category. 

Mahindra Insurance Brokers Limited (MIBL), a subsidiary of Mahindra Finance, provides life and non-life insurance products through various leading insurance companies.

One more subsidiary, Mahindra Rural Housing Finance, provides credits for home construction, extension, purchase, and improvement to customers in rural and semi-urban India. Mahindra Asset Management Company deals with categories of mutual fund schemes launched with Hindi names, especially for the investors in rural areas. It is headquartered in Mumbai, Maharashtra.


Mahindra Finance’s Product Portfolio includes: 

  • Vehicle Financing
  • SME Financing
  • Personal Loans
  • Insurance Broking
  • Housing Finance
  • Mutual Fund Schemes
  • Investments

Muthoot Finance Ltd

Muthoot Finance Ltd Best Finance Company In India

Muthoot Finance Ltd. is known to be one of the largest financial institutions in the country established in 1887. Its business is vastly spread in 20 diverse fields across 4500 branches in India.

Serving more than 2 lakh customers, it has been ranked as India’s No.1 – Most Trusted Financial Services Brand according to the Brand Trust Report 2019, 2018, 2017 & 2016 consecutively.

IMacs Industry Report (2015 Update) has also awarded it for being the largest gold financing company in India. Muthoot Group is famous for its primary offering of a personal or business loan secured by Gold jewellery.

Apart from financing gold transactions, the company also offers foreign exchange services, money transfers, wealth management services as well as travel and tourism services. It also sells gold coins at Muthoot Finance Branches for consumers.

The Brand Trust Report 2014 labels this listed ten best finance companies in India as India’s most trusted finance brand. Muthoot Finance Ltd. is headquartered in Kochi, Kerala.

Muthoot Finance’s Product Portfolio includes: 

  • Gold Loans
  • Money transfer
  • Foreign exchange services
  • All types of insurance
  • PAN CARD and its updates
  • Mutual funds
  • Housing finance
  • Personal loan
  • Loans against security

PNB Housing Finance Ltd

PNB Housing Finance Ltd Best Finance Company In India

A banking housing finance company, PNB Housing Finance Ltd., is registered with the National Housing Bank (NHB). One of the ten best finance companies in India, it is listed with equity shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

It is known as a wholly-owned subsidiary of Punjab National Bank (PNB). Seamless availability of loans and deposits is provided to its customers through its robust network spread across the country. PNB Housing Finance Ltd.

is headquartered in New Delhi and has its presence in 60 locations through a network of 84 branches & 36 outreach offices. PNB Housing Finance Ltd.

brings along over three decades of specialized housing finance experience and is preferred by the customers due to the simplicity and ease of availing finance services. 

From offering home loans to corporates, individuals for purchase, upgrade, or construction of houses, it is a go-to company with the backing of a bank.Loans are also provided for commercial spaces, against securities like properties, etc.

PNB Housing Finance Ltd. also offers Fixed Deposits with different maturities and varied interest payment options to its customers directly or through a broker medium. Direct Sales Team (DST) channel is used by PNB Housing Finance Ltd.

to provide doorstep service for its products. The company’s Home Loan and Loan against Property business is also sourced via Direct Marketing Associates (DMA), Direct Sales Team (DST) as well as Digital Medium. 


PNB Housing Finance’s Product Portfolio includes:

  • Home loans
  • Non Home loans
  • Fixed deposits
  • Property search


Finance companies of any nature have always had an enormous impact on any country’s economic growth. In general, these companies deal with products like mutual funds, stocks, closed-end funds (CEFs), insurance products, Bonds, various banking accounts, pension accounts and manage them for their clients. 

Thus, there are Consumer finance companies that provide small loans against personal assets for individuals with poor credit ratings and then there are also Commercial finance companies aiding small businesses with loans that can be used to purchase inventory and equipment. 

India’s finance companies are also a great resource of capital for manufacturing enterprises. If you are an individual wanting to achieve more in life by purchasing a self-owned home or need financial aid for essential milestones in life, these ten best finance companies in India can act as your Alma mater.

If you are business or a corporate wanting to reach higher notes and expansion is on your mind, corporate housing loans or other suitable loans may help you conveniently achieve the same.

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