Financial companies in India has been growing with the lightning-fast speed. First of all, the population of India is enormous, and there is quite some demand for various payment, banking, trading and other financial solutions. Next to this, the economy is growing quite fast, and there is an ever-growing demand from the business customers too. Let’s go ahead and take a look at the five most prominent financial companies in India.
#1 HDFC
Founded by HasmukhBhai Parekh some 50 years ago, the company is now a leader in the consumer lending sector in India. HDFC does not only provide regular loans, but its largest share of the capital is placed in financial of the mortgages. Even though it is a bank, it does not really engage in any sort of the Forex brokers activities, but it does lead the market for the lending products. Currently, the company has over 300 branches, and serves the clients in more than 2000 cities across India.
#2 FINSEâRV
Similar to HDFC, FINSERV mostly focuses on the lending industry. However, its main activities are in the consumer lending niche, the company provides the loans for different small purchases, doctor appointments, but it also lends to the businesses. The company has over 20,000 staff members and operates via 1,500 branches located all over the country. It also works carefully with the high net worth individuals, providing them with the wealth management services, insurance and more.
#3 SHRIRAM TRANSPORT FINANâCE COMPANY
This may get you by the surprise, but one of the largest financial companies in India is actually a transport company. Shriram Transport Finance Company was founded some 40 years ago and, currently, its main scope of the activities deals with financing of heavy trucks, agriculture machinery, construction equipment and many other types of costly business-related pieces of transport. Apart from that, the company also works with mutual funds, stock brokerages and other financial instruments.
