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10 Most Promising NBFCs in India - 2024
Beyond Banking, Towards Success: NBFC Pioneers Financial Innovation In today's India, there is a need to expand the reach of Financial Services outside the traditional banking sector through nonbank companies such as NBFCs. In order to promote financial inclusion, they address the credit needs of under banked segments, including small businesses and rural populations. NBFCs provide vital funding to the key sectors, such as infrastructure and micro, small and medium sized enterprises, which in turn stimulate economic growth and job creation. They complement banks and enhance the entire ecosystem of finance through their innovation, flexibility solutions and focus on specific market segments. "NBFCs are playing an important role in ensuring inclusive growth and...
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10 Most Promising NBFCs in India - 2024
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Our subscribers play a decisive role in finalization of our annual list of Top NBFCs in India - 2024 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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Yuvaraj Finance | Abhishek Teegela,Managing Director | Dedicated to providing extensive lending solutions to individuals across diverse regions, specialize in offering a full suite of financial services tailored to their needs, including automobile & personal loans |
| Company Logo | Company Name | Company Management | Company Description |
|---|---|---|---|
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121 Finance | Dr. Ravi Modani, Founder & CEO | Focused on delivering working capital loans backed by the knowledge and understanding of its core team in its third-generation legacy in business, banking and technology |
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Bandhan Financial Holdings | Karni Singh Arha, MD | A non-operating financial holding company, managing investments across banking, mutual funds, and insurance sectors with a focus on innovation, governance, and sustainable growth |
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Bizloan | Rahul Jain, Co-Founder | A registered NBFC company on a mission to uplift micro & small businesses, also specializes in providing them timely and convenient finance |
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Electronica Finance | Shilpa Pophale, Managing Director | The firm has diversified into various segments catering to a large product portfolio that includes business loans, working capital loans & loan against property loans in addition to flagship product of machinery loans |
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Lendingkart | Harshvardhan Lunia, Co-Founder & CEO | Aims to make working capital finance available at the fingertips of entrepreneurs, so that they can focus on business instead of worrying about the gaps in their cash-flows |
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Radian Finserv | Sumit Sharma, Founder | A technology-focused gold loan NBFC offering gold loan services through customer doorstep services and dedicated 22 branches, at competitive interest rates across six states |
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Spandana Sphoorty Financial | Shalabh Saxena, CEO & MD | Committed to strengthening the socio-economic status of low-income households particularly women in rural and urban areas by providing financial services |
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Srinidhi Credit | Padmanabh Maydeo & Neha Mohta, Directors | Offering MSMEs access to debt and structural capital through a variety of financial products including working capital credit, loan against property (LAP), short-term credit, term loans, and retail loans |
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UC Inclusive Credit | Abhijit Ray, Co-Founder & Managing Director | Specializing in arranging capital for companies benefiting low income populations in sectors including agriculture, education, financial inclusion, health care, renewable energy and women empowerment |