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10 Most Promising NBFCs in India - 2023
Aerial Props of Economy During the economic crisis of 2009, businesses across the world got stuck due to lack of finances. The main reason behind this was that the banks which provided finance to the businesses struggled to keep afloat. Relying only countable number of finance institutes proved to be a big regret for many entities. Thus alternatives are inevitable to transform economy’s savings into capital investment. Especially in countries like India, where there are huge gaps in credit availability, it was important to build more NBCS to help fill these blanks. NBFCs fulfil diverse financial needs of those customers that don’t have access to banks and their services. By offering quicker funds and credit to the Indian trade and commerce industry, these entities...
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10 Most Promising NBFCs in India - 2023
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Our subscribers play a decisive role in finalization of our annual list of Top NBFCs in India - 2023 by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
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| Company Logo | Company Name | Company Management | Company Description |
|---|---|---|---|
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Moneymuttath Finance | Varun Raj, Managing Director | The company offers high liquidity, fast processing, and secure gold loans, and besides provides a wide range of financial services, including Mortgage loans and Loan against Deposit, Fixed Deposits, Recurring deposits, and Savings Deposit |
| Company Logo | Company Name | Company Management | Company Description |
|---|---|---|---|
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Aditya Birla Capital | Vishakha Mulye, CEO | Catering to client needs such as Term Insurance Plans, Child Insurance Plans, Savings Plans, Retirement & Pension Plans, Critical Illness Insurance Plans |
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Bajaj Finserv | Sanjiv Bajaj, MD & CEO | An Indian non-banking financial services company, focused on lending, asset management, wealth management and insurance |
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Javana Nidhi | Aruna K B, Director | A compant that Caters to the diverse financing A company offering Savings Accounts, Joint Accounts, Loans, Mortgage Loans, and among other value driven services. |
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LIC Housing Finance | Y. Viswanatha Gowd, MD & CEO | Provides long term finanace to individuals for purchase, construction and renovation of houses and business needs like purchase or construction of Clinics, Nursing Homes, Diagnostic Centres and Office Space |
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Manappuram Finance | V.P. Nandakumar, CEO | The company provides the following services like Online goald loan, Business loan, Secured Personal loan, Doorstep Gold loan, Vehicle loan, and Micro Home Finance |
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MSM Microfinance | Mohan Kumar Subramanyam, Chairman & Managing Director | A microfinance institution in India, which primarily caters to and provides collateral-free loans to low-income earners |
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Muthoot Finance | Thomas John Muthoot, Chairman | The company financing gold loans and in addition to that offers other forms of loans, insurance and money transfer services, and sells gold coins |
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Sayyam Investments | Rishabh Raja, CEO & Director | The company offers three different loan product categories including personal loans, flexible consumer loans, and loans for salaried workers |
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South India Finvest | Natarajan R, Chairman & Managing Director | A Renowned NBFC allowing its customers to take on reasonable loans in a manner that is consistent with ethical lending practices |