Top 10 NBFC in India 2025

A few powerful forces and key actors continuously shape the Indian financial domain through innovative methods that uphold a fixed dedication to excellence. Companies that succeed in performance and customer service are the limelight in the financial industry. These include the main elements of a country's economic power, such as banks, insurers, and non-banking financial corporations (NBFCs), which together manage risks, encourage inclusiveness, and deposit money into India's finances. By acting between lenders and borrowers, they speed up the efficiency of capital allocation and foster growth. Therefore, let us know about the Top 10 NBFC in India 2025.

About Non-Banking Financial Corporations (NFBC)

NBFCs are monitored through the Reserve Bank of India and the Ministry of Corporate Affairs. Under Companies Act of 1956, NBFCs are involved in a variety of activities, such as lending, hire purchase, leasing, providing insurance, acceptance of deposits, chit funds, stocks, and shares, among others. 

Top 10 NBFC in India 2025

Aditya Birla Finance Limited:

• One of the famous NBFCs in the country and a subsidiary of Aditya Birla Capital Ltd that provides rich wealth management and credit services across the nation. 
• It is considered one of the best in the finance industry. Its clientele includes retail, SME, HNI as well as businesses in several sectors for wealth management, corporate finance, personal finance etc. 
• The company is thriving to evolve always with innovative offers and build itself as the premier NBFC in the country with an excellent distribution network.

LIC Housing Finance Limited:

• LIC Housing Finance provides a variety of financing products to the clients across India, and it began its operation in 1989, as a premier housing finance company based in Mumbai under the the state-owned Life Insurance Corporation of India, one of the major institutional investors in India.
• It gives long-term finance for construction as well as loans for the purpose of home purchase. 
• This offers loans for construction and purchase of a house, loans against property, and real estate financing for consumers and developers. Its sales teams, branches, and agents are dispersed throughout India in a vast network.

L&T Finance Holdings Limited:

• From L&T Group, single ownership having one of the highest reputations in India regarding engineering and construction. 
• It started in 2008, with clientele generally being individuals, farmers, SMEs, and corporate struggles in urban, semi-urban, and rural areas of India.
• To achieve maximum convenience for customers, the organisation has grown its networks through branches, customer service locations, and online platforms.

Mahindra & Mahindra Financial Services Ltd:

• The first "qualified and fully operational NBFC in India" is M&M because the focus on financing vehicular loans for Mahindra vehicles, the company extended the horizon of business since then to lend money in the other business sectors.
• The clientele of the company is broad and largely made up of small-scale industries, farmers, rural households, and individuals. It has maintained its status in rural and semi-urban areas because of its journey in very remote economies with very limited availability of finance.
• Its strong networking of branches and customer services across India allows Mahindra Finance not just to reach a large volume of customer bases to serve them effectively.

Bajaj Finance Limited:

• Bajaj Finance is one in the Indian commercial and retail financing markets, with an established national presence. It already has a very strong market presence with an FAAA rating with a Stable outlook.
• The clientele of the company is varied and broad and, in the main, aimed at small-scale industries, farmers, and rural households. It has made a significant impact in the rural and semi-urban areas with very limited availability of finance.
• According to S & P Global Ratings, this company is in operation for over 35 years, and now it enjoys an A1+ rating for short-term borrowings and a global "BBB" rating for long-term borrowings and aw.

Cholamandalam Investment and Finance Company Limited:

• Established in 1978 from the family of Murugappa Group Ltd specializing in non-banking finance, it lends to construction equipment and automobiles.
• Treated like the rest of the NBFCs balance transfers home loans, home improvement loans, agricultural loans, SME borrowing, etc. It also offers a wide spectrum of investment opportunities: bonds, equities, mutual funds, derivatives, demat accounts, etc.
• One among the fastest growing NBFCs in the country based in Chennai, with diverse product offerings and services. 

Muthoot Fincorp:

• Muthoot Fincorp came into existence in 1997, there among an array of companies also having the largest by assets in India, with its area of services being highlighted as gold loans, housing loans, and vehicle loans under the Muthoot Pappachan Group. 
• The nature of clientele is quite diverse: individuals and small businesses mostly engage in rural activities extending to semi-urban areas with urban clients.
• This has led to providing fast cash based on an excellent reputation and hence one of the most preferred lenders for this kind of loan disbursement.

HDB Financial Services Limited:

• HDB Financial Services, a fully owned subsidiary of HDFC Bank in India, is specializing in personal loans, auto loans, card services, business insurance, and insurance products, supported by consumer credit. 
• Launched in 2007, it has returned profits to date, having received A1+ on its short-term borrowing and CARE AAA on long-term debt, along with CRISIL AAA rating.

Tata Capital Finance Service Limited:

• Tata Capital Housing Finance Limited (TCHFL) is one of the wholly-owned subsidiaries of Tata Capital. It runs over 100 branches providing services comprising asset and wealth management, consumer loans, commercial and infrastructure assets financing, and Tata cards. 
• It is an NBFC functioning as a housing finance company recognized by the National Housing Bank with loans available for acquiring and constructing residential properties, land purchases, home improvements, etc.; financing for development projects.

Shriram Finance Limited:

• As the largest retail NBFC in India, Shriram Group provides small-business loans, home loans, auto loans, two-wheeler loans, gold loans, and business loans. For 43 years, Shriram Group has been trusted but under one roof. They have very successfully altered a client's life or the lives of a number of people they sometimes call a "client." 
• As far as an umbrella organization is conducted, it serves all the three companies of the Shriram Group as one into a company called Shriram Finance Limited.
• The merger of Shriram Transport Finance Co. Ltd., Shriram City Union Finance Ltd., and Shriram Capital Ltd. is called Shriram Finance Limited. 

Conclusion

NBFCs hold an important position in contributing reforms into the financial framework by providing easy access to small manufacturers and vendors. These NBFCs always have a hassle-free and, above all, cost-effective solution for these kinds of clients; be it a small personal loan or a home financing solution.