Top 10 BFSI Companies in India
Check out the following list of Top 10 BFSI Companies in India-
Top 10 BFSI Companies in India
Bajaj Holdings and Investment Ltd
It is one of the Top 10 BFSI Companies in India. The Company focuses on earning income through dividends, interest, and gains on investments held. The Company’s other equities portfolio is a combination of listed and unlisted investments. BHIL invests in equities based on the Company’s views of returns from public equity markets, as well as opportunities in the private equity space.
The Company invests in equities normally with an approximately five-year holding horizon or even longer. Bajaj Auto Holdings Ltd. (BAHL) is the Company’s subsidiary.
Bajaj Allianz Life Insurance Co Ltd
The insurance company is a joint venture between Bajaj Finserv Limited (formerly part of Bajaj Auto Limited) owned by the Bajaj Group of India and Allianz SE. Being one of the private insurance companies in India, it offers insurance products for financial planning and security. The company offers a range of insurance services, operating through Participating, Non-Participating, and Linked segments. It is one of the Top 10 BFSI Companies in India.
Bajaj Finance Ltd
The company was founded by Sriniwash Chaudhry Bajaj. It is headquartered in Pune, Maharashtra. Bajaj Finance’s main products are Fixed Deposit, Mutual Funds, and Landing. Its various subsidiaries are Bajaj Financial Services Ltd and Bajaj Housing Finance Ltd. Bajaj Finance is dealing into commercial lending, consumer finance, SME and wealth management. It is one of the Top 10 BFSI Companies in India.
GIC Housing Finance Ltd
GIC Housing Finance Ltd was founded in the year 1989. GIC Housing Finance Ltd is engaged in the housing finance business. The Company’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses or flats for residential purposes. The Company has approximately 60 branches. It is one of the Top 10 BFSI Companies in India.
HDFC Bank Ltd
HDFC Bank was founded in the year 1994 and is headquartered in Mumbai. The bank offers- Investment Banking, Wealth Management, Investment Management, Corporate Banking, Private Equity, Credit Cards, Finance & Insurance, Consumer Banking, and Mortgages. HDFC Bank is India’s largest private sector lender by assets. It is the largest bank in India by market capitalization as of March 2020. It is one of the Top 10 BFSI Companies in India.
Housing Development Finance Corporation Ltd (HDFC Ltd)
HDFC Ltd was founded in the year 1977 and is headquartered in Mumbai, Maharashtra. It is a major provider of finance for housing in India. It also has a presence in banking, life and general insurance, asset management, venture capital, realty, education, deposits and education loans.
The company offers a wide range products and services – Mortgage Loans, Life Insurance, General Insurance, Mutual Funds, etc. It’s subsidiary companies include- HDFC Bank Ltd, HDFC Standard Life Insurance Company Ltd, HDFC ERGO General Insurance Company Ltd, HDFC Asset Management Company Ltd, GRUH Finance, HDFC Venture Capital Ltd, HDFC RED and Credila Financial Services Private Ltd. It is among the Top 10 BFSI Companies in India.
ICICI Bank Ltd
The bank holds a strong position in the list of Top 10 banks in India. It is headquartered in Mumbai. The bank offers a wide range of services including venture capital, asset management, consumer banking, corporate banking, finance, wealth management, private banking, mortgage loans, insurance investment banking, etc.
There are various subsidiaries of ICICI Bank- Prudential, ICICI Lombard, Prudential securities, etc. It is also one of the Top 10 BFSI Companies in India.
ICICI Prudential Life Insurance Company Ltd
It is a private insurance service company founded in December 2000. It is headquartered in Mumbai, India. ICICI Prudential Life Insurance Company is a joint venture between Prudential PLC and ICICI bank.
Life Insurance Corporation of India (LIC)
It is the top insurance company in India. LIC is state-owned enterprise and government corporation. The company was founded in 1956 and headquartered in Mumbai. Its range of products includes health insurance, life insurance, investment management, pension plans, mutual funds, etc. The top insurance company has various zonal offices, divisional offices, branches, satellite offices and corporate. It is one of the top 10 Insurance Companies in India.
State Bank Of India (SBI)
The State Bank of India was founded in the year 1955 and is headquartered in Mumbai. The State Bank of India is an Indian multinational, public sector banking and financial services statutory body. SBI is ranked 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019.
It has branches in overseas and India. Its subsidiaries are – SBI Life Insurance Ltd, SBI Cards and Payment Services Ltd, SBI General Insurance, Jio Payments Bank, etc.
More Top BFSI Companies in India
Can Fin Homes Ltd
The company was set up under the sponsorship of Canara Bank. It was incorporated in the year 1987. It was promoted with the purpose of promoting home ownership as well as to increase the housing stock in the country. It is leading player in the field of housing finance sector. Its branches are spreading all over India. It is one of the Top 10 BFSI Companies in India.
The leading public sector bank is owned by Government of India. It is headquartered in Bangalore and established at Mangalore in 1906. Its offices are spreading worldwide including Hongkong, Moscow, South Africa, Dubai, New York, Tanzania etc. Its various subsidiary companies are as follows-
- Canfin Homes Limited
- Canbank Factors Limited
- Canbank Venture Capital Fund Limited
- Canbank Computer Services Limited etc.
Cholamandalam Investment & Finance Co Ltd
The company was started in the year 1978. Cholamandalam Investment 7 Finance Co is financial services arm of Murugappa Group. The financial service provider group offers home equity loans, stock broking, investment advisory services, vehicle finance and many other types of financial services to its customers. Company offers vehicle loans, home loans, SME loans and loans against property.