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Top 10 Non-Banking Financial Companies (NBFCs) - 2024

The financial ecosystem comprises many components and especially in the current developing economy, Non-Banking Financials are of great importance. Although NBFC's do not hold a banking license but utilize their resources in the provision of services which include but are not limited to lending, asset management, insurance, and wealth management. They have also taken an important position in enhancing financial inclusion and growth of the economy.

A vital point today that explains the importance of NBFCs is the fact that they are capable of servicing the populations who are often under or non-serviced. In many of the developing markets, a large percentage of the population is unable to access any form of banking facilities from the formal banking sector because of issues connected with place, economy or infrastructure. With their flexible offerings, these players...

Top 10 Non-Banking Financial Companies (NBFCs) - 2024

Abhiyan Capital
Arvind Hali & Rohit Tiku, Founders

Offers formal credit to unbanked micro-enterprises

CSL Finance
Rohit Gupta, MD

Provides wholesale loan, retail loan and ECLGS

India Factoring & Finance Solutions
Ravi Valecha, CEO

Offers a comprehensive range of factoring services, including domestic and export factoring on both recourse and nonrecourse bases

Insta Capital
Ashok Bajaj, Managing Editor & CFO

Delivers products which include unsecured business loan and invoice discountingNon-Banking Financial Companies (NBFCs)

Mangal Fincorp
Meghraj Jain, MD

Offers gold loan, personal loan, SME loan, and LAP

Money 2 Me
Nayan Suresh Kambli, Chief Executive Officer

Provides a comprehensive range of factoring services, including domestic and export factoring on both recourse and non-recourse bases

Profectus Capital
KV Srinivasan, Executive Director & CEO

Offers financing solutions to small and medium enterprise businesses

Satin Finserv
Bhuvnesh Khanna, Whole Time Director & CEO

Brings expertise in working capital requirements, streamlining loan consolidation, facilitating term loans for business asset acquisition

SMG India Credit
Shantanu Mitra, CEO & MD

Provides personal loan, business loan, loan against property, home loans, among others

Vistaar Finance
Avijit Saha, CEO & MD

Offers lending solutions with quick and transparent processing