Top 10 NBFC in India ( 2025 )

Tarun Kumar
Jun 5
3 min read

Over 9,500 Non-Banking Financial Companies (NBFCs) are based in India and are all subject to Reserve Bank of India (RBI) regulation. These organizations are essential for lending money and offering financial services, particularly to people and companies that traditional banks don't adequately serve. A carefully curated list of the Top 10 NBFCs in India (2025) that are setting the standard for scale, innovation, and financial inclusion can be found below.

1. Muthoot Finance

Established: 1939
Headquarters: Kochi, Kerala
Core Services: Gold loans, housing loans, vehicle loans
Highlights: With a strong presence in semi-urban and rural areas, Muthoot Finance is renowned for providing quick loans, making it a preferred choice for immediate financial needs.

2. Cholamandalam Investment & Finance Company Limited

Established: 1978
Headquarters: Chennai, Tamil Nadu
Core Services: Vehicle loans, SME loans, mutual funds, stock investment services
Highlights: As part of the Murugappa Group, Cholamandalam offers a diversified portfolio catering to both individual and corporate clients.

3. Shriram Finance

Established: 1979
Headquarters: Chennai, Tamil Nadu
Core Services: Commercial vehicle loans, personal loans
Highlights: Operating over 2,500 branches, Shriram Finance focuses on underserved markets, especially in semi-urban and rural segments, serving over 7.5 million customers.

4. Piramal Capital and Housing Finance

Established: 1984
Headquarters: Mumbai, Maharashtra
Core Services: Housing finance, corporate finance
Highlights: With more than 300 branches across India, Piramal Capital offers tailored financial solutions to both individual clients and developers.

5. Bajaj Finance

Established: 1987
Headquarters: Pune, Maharashtra
Core Services: Personal loans, home loans, vehicle loans, credit cards, insurance, investments
Highlights: A subsidiary of Bajaj Finserv Limited, Bajaj Finance operates over 3,000 branches and serves more than 50 million customers. It stands out as the only NBFC in India assigned a global ‘BBB’ rating from S&P Global.

6. LIC Housing Finance

Established: 1989
Headquarters: Mumbai, Maharashtra
Core Services: Home loans, loans against property
Highlights: A subsidiary of the Life Insurance Corporation of India, LIC Housing Finance has played a pivotal role in making housing finance accessible across the country.

7. Mahindra & Mahindra Financial Services

Established: 1991
Headquarters: Mumbai, Maharashtra
Core Services: Vehicle financing, rural household financing, small business loans
Highlights: Initially focused on financing Mahindra vehicles, it has expanded to become a key player in rural finance, supporting households and small businesses.

8. Aditya Birla Finance

Established: 1991
Headquarters: Mumbai, Maharashtra
Core Services: Personal finance, SME finance, corporate finance, mortgage finance, wealth management
Highlights: A subsidiary of Aditya Birla Capital Limited, it offers end-to-end lending and wealth management services, catering to a diverse customer base.

9. Sundaram Finance

Established: 1954
Headquarters: Chennai, Tamil Nadu
Core Services: Vehicle finance, home loans, insurance, mutual funds
Highlights: Known for its conservative and customer-centric approach, Sundaram Finance has built a reputation for stability and trustworthiness in the financial sector.

10. HDB Financial Services

Established: 2007
Headquarters: Ahmedabad, Gujarat
Core Services: Personal loans, business loans, gold loans, auto loans
Highlights: A subsidiary of HDFC Bank, HDB Financial Services offers a wide range of secured and unsecured loans, serving both individual and business clients with a strong emphasis on customer service.

Rank	NBFC Name	Established	Headquarters	Core Services
1	Muthoot Finance	1939	Kochi, Kerala	Gold loans, housing loans, vehicle loans
2	Cholamandalam Investment & Finance	1978	Chennai, Tamil Nadu	Vehicle loans, SME loans, mutual funds
3	Shriram Finance	1979	Chennai, Tamil Nadu	Commercial vehicle loans, personal loans
4	Piramal Capital & Housing Finance	1984	Mumbai, Maharashtra	Housing finance, corporate finance
5	Bajaj Finance	1987	Pune, Maharashtra	Personal loans, home loans, credit cards, insurance
6	LIC Housing Finance	1989	Mumbai, Maharashtra	Home loans, loans against property
7	Mahindra & Mahindra Financial Services	1991	Mumbai, Maharashtra	Vehicle financing, rural household loans, small business
8	Aditya Birla Finance	1991	Mumbai, Maharashtra	Personal, SME & corporate finance, wealth management
9	Sundaram Finance	1954	Chennai, Tamil Nadu	Vehicle finance, home loans, mutual funds
10	HDB Financial Services	2007	Ahmedabad, Gujarat	Personal loans, business loans, auto loans, gold loans