HDFC Makes to World's Top-10 List of Consumer Finance Firms

NEW YORK: Mortgage lender HDFC has emerged as the only Indian company among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.

HDFC is ranked 7th on the list, compiled by business magazine Forbes, where American Express is placed on the top followed by Capital One Financial, Visa, Discover Financial Services and Orix in the top-five. Mastercard is ranked sixth.

HDFC is followed by CIT Group of the U.S. at eighth position, Taiwan's Hua Nan Financial at 9th and China's Franshion Properties is at the 10th place.

Others ranked lower include Samsung Card, Kaisa Group, Orient, Nelnet, Jabal Omar Development and KWG Property.

The list is part of Forbes' annual compilation of 2,000 biggest and most powerful companies globally, which includes a total of 56 companies from India across various sectors.

In the overall list, HDFC is ranked 485th, while Mukesh Ambani-led Reliance Industries leads the pack of the Indian companies at 142nd overall position.
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