[Top 5 In 2022] Finance Company In India

There are many aspects of finance under which we can save our income in a very good way. With time we can earn a good amount from it and can make our life independent and secure even more. Although it is divided into many sectors like Loan, Insurance, Investments, and Bonds in this article we have list the Top Finance Company In India. Let’s talk about some facts and figure on finance sector.

1. Life Insurance Corporation (LIC Ltd.)

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Life Insurance Corporation of India Limited is a government owned Indian finance company that was started in 1956. When the Life Insurance of India Act passed in Parliament. According to the report, a total fund of about Rs 28.3 trillion owns by the Life Insurance Corporation. Apart from this, about Rs 21 million total policies were sold in 2018 to 2019 and more than 26 million life insurance claims were completed.

2. Muthoot Finance Ltd.

Muthoot Finance is an Indian Multinational Finance Company which is considered to be India’s largest Gold Loan Non-Banking Financial Company i.e. NBFC. It was started in 1939 in Kochi Kerala, Today it has more than 5330 branches all over the world. Services like Foreign Exchange Services, Money Transfer, Wealth Management Services, Travel & Tourism Services, Sales Gold Coin, Home Finance, Loans, and Mutual Funds are included under Muthoot Finance Ltd.

3. Tata Capital Financial Services Ltd.

Tata Capital Financial Services Limited is an Indian company that owns by the Tata Capital Limited. The company is registered under the Reserve Bank of India (RBI), which is a Non-Banking Financial Company i.e. NBFC. Which provides all types of financial services to its consumers like Mutual fund, Loans, Card services and other financial services under Tata Capital Ltd. brand.

4. Mahindra & Mahindra Financial Services Limited

Mahindra & Mahindra Financial Services Ltd. is a Non Banking Finance Company registered under Reserve Bank of India. It is a Mumbai India based company started by Mahindra Group. It was started in 1991 as Maxi Motors Finance Service Limited and in 1992 its name was changed to Mahindra & Mahindra Financial Services Limited.

5. Shriram Transport Finance

Shriram Transport Finance is a Non-Banking Financial Company started in 1979 from Mumbai India. The company registered under the Reserve Bank Of India act 1939. The company provide services like Commercial Vehicle Loan, Business Loan, Deposits services, Working Capital Loan, Life Insurance, and Card Services.