This document provides details on the top 20 non-banking financial companies (NBFCs) in India, including their key verticals and market capitalization. It lists the NBFCs, the types of loans and financing they provide across sectors like housing, vehicle financing, small business loans, consumer durables, agriculture, and more. The top NBFCs by market cap are HDFC, Bajaj Finance, HDB Financial Services, Indiabulls Housing Finance and Mahindra & Mahindra Financial Services.

1. Detailed Research on Top 20 NBFCs
in India
Type of NBFC Abbreviation
Investment and Credit Company
(includes: Asset Finance Company,
Investment Company, Loan Company)
NBFC-ICC
Infrastructure Finance Company IFC
Systemically Important Core
Investment Company
CIC-ND-SI
Infrastructure Debt Fund IDF-NBFC
Micro Finance Institution NBFC-MFI
Factors NBFC-Factors
Mortgage Guarantee Companies MGC
Non-Operative Financial Holding
Company
NOFHC
Verticals
Wholesale Finance Large-Ticket Housing Finance
Construction Finance Micro Finance
Used Commercial Vehicles Education Loans
Light Commercial Vehicles Rural Lending
Heavy Commercial Vehicles Gold Finance
Passenger Vehicles Loan Against Property
Consumer Durable Finance Working Capital Loans
SME Loans Personal Loans
Small-Ticket Housing Finance

2. NBFCs' Source of Capital
All figures for Market Capitalisation sourced from:
https://www.moneycontrol.com
All figures for Market Capitalisation: as on 25th
April, 2019
Consumer Durable Loans Vertical or Equivalent Vertical: underlined

3. Housing Development Finance
Corporation
Verticals
Housing Loans (Home Loans, Plot Loans, Rural Housing Loans)
Other Home Loan Products (Home Improvement Loans, Home Extension
Loans, Top Up Loans)
Non Housing Loans (Loan Against Property, Commercial Property Loans,
Commercial Plot Loans)
Affordable Housing (HDFC Reach Loans, Pradhan Mantri Awas Yojana)
Loans for NRI/PIO
Market Capitalisation (INR Crore): 339,235.06
Website: https://www.hdfc.com

4. Bajaj Finance Limited
Verticals
Personal Loans
2 & 3 Wheeler Loans
Gold Loans
Insta Credit
Business Loan
Loan Against Fixed Deposit
Loan Against Property
Pre-Owned Vehicle Finance (includes Loan Against Car)
Home Loan (includes Pradhan Mantri Awas Yojana and Top Up Loans)
Lease Rental Discounting
Bajaj Finserv EMI Network Card (Appliances, Electronics, Home Kitchen &
Furniture, Lifecare, Fitness Travel & Fashion, Education & Professional
Loans)
Market Capitalisation (INR Crore): 179,456.29
Website: https://www.bajajfinserv.in

5. HDB Financial Services Limited
Verticals
Personal Loans
Doctor’s Loans
Commercial Vehicle Loans (Bus, Truck, Light Commercial Vehicle and Small
Commercial Vehicle)
Construction Equipment Loans (Earthmoving Equipment, Material Handling
Equipment)
Business Loan
Auto Loan (New Car Purchase, Used Car Purchase, Used Car Re-finance)
Two Wheeler Loan (Scooter, Bike)
Gold Loan
Loan Against Property (includes Lease Rental Discounting) (available on both
Residential and Commercial Property)
Enterprise Business Loan
Loan Against Shares (includes Loans Against ESOPs)
Loans Against Securities (includes Mutual Funds, Fixed Maturity Plans,
Exchange Traded Funds, Select Insurance Policies, Select Bonds, National
Savings Certificates, Kisan Vikas Patra, Gold Deposit Certificates)
Consumer Durables Loans (Consumer Electronics: Television Panels,
Refrigerators, Washing Machine, Air conditioners, Laptops, Furniture)
(Select Products with Select Dealers only)
Market Capitalisation (INR Crore): 90,000
(unlisted company, source:
https://economictimes.indiatimes.com/markets/stocks/news/hdfc-bank-sitting-
on-a-goldmine-its-unlisted-and-has-a-value-of-rs-90000-crore/articleshow/
65616864.cms)
Website: https://www.hdbfs.com

6. Indiabulls Housing Finance Limited
Verticals
Home Loans
Pradhan Mantri Awas Yojana
Loan Against Property
Home Loans For NRIs
Rural Home Loans
Plot Loans
Home Improvement Loans
Home Extension Loans
Market Capitalisation (INR Crore): 31,843.69
Website: https://www.indiabullshomeloans.com

7. Mahindra & Mahindra Financial
Services Limited
Verticals
Vehicle Loans (Tractor Loans, Utility Vehicle Loans, Car Loans, Three
Wheeler Loans, Commercial Vehicle Loans, Two Wheeler Loans, Pre Owned
Car Loans)
Personal Loans
Home Loans
SME Loans (Project Finance, Equipment Finance, Corporate Loans, Secured
Business Loans, Unsecured Business Loans, Working Capital Loans, Bill
Discounting, Lease Rental Discounting, Financial Advisory, Insurance
Solutions)
Market Capitalisation (INR Crore): 27,833.46
Website: https://www.mahindrafinance.com

8. Shriram Transport Finance
Corporation Limited
Verticals
Heavy Duty Trucks
Medium, Intermediate Light Duty Truck
Pickup Truck and Mini Truck
Passenger Vehicle
Farm Equipment
Construction Vehicle & Equipment
Small Business Finance Loans (includes Working Capital Funding)
Market Capitalisation (INR Crore): 26,768.76
Website: https://www.stfc.in

9. Capital First Limited (now IDFC First
Bank Limited)
Verticals
Consumer Durable Loans
Easy Buy Card
Personal Loans
Two Wheeler Loans
Loans Against Property
Pre-Owned Car Loans
Business Loans
Home Loans
Market Capitalisation (INR Crore): 25,368.77
(combined entity: IDFC First Bank)
Website: https://www.capitalfirst.com/

10. Cholamandalam Investment and
Finance Company Limited
Verticals
Vehicle Finance (Two Wheeler Loans, Commercial Vehicle Loans, Tractor
Loans, Car and MUV Loans, Construction Equipment Loans)
Loans Against Property
Home Loans (Self Construction, Plots, Ready to Occupy Homes)
SME Loans (Equipment Finance, Business Expansion Loans)
Rural & Agri Loans (includes Farming Equipment Loans)
Market Capitalisation (INR Crore): 22,400.79
Website: http://www.cholamandalam.com

11. Sundaram Finance Limited
Verticals
Car Finance (Used and New)
Commercial Vehicle Finance (Used and New)
Leasing
Construction Equipment Finance (Used and New)
Diesel Finance (Commercial Vehicle Operators and Companies)
Tyre Finance
Insurance Finance
Farm Equipment Finance
SME Finance (Working Capital Loans, Enterprise Business Loans, Machinery
Term Loans, Channel Finance)
Market Capitalisation (INR Crore): 16,177.28
Website: https://www.sundaramfinance.in/

12. Edelweiss Financial Services Limited
Verticals
Home Loans
SME & Business Loans (Unsecured Business Loans, Secured Loan Against
Property, Equipment Loan)
Loans Against Shares (Promoter Funding, IPO Financing, ESOP Funding,
Margin Trade Funding, Structured Finance)
Agri & Rural Finance (Agri Produce Storage, Working Capital Finance,
Structured Finance, Export Import Financing)
Market Capitalisation (INR Crore): 15,553.67
Website: https://www.edelweissfin.com

13. IIFL Holdings Limited
Verticals
Home Loans: Pradhan Mantri Awas Yojana, Swaraj Home Loans, New Home
Loans, Home Improvement Loans, NRI Home Loans)
Personal Loans
SME Loans
Gold Loans
Commercial Vehicle Loans
Loans Against Property
Loans Against Securities
Digital Finance
Healthcare Finance
Market Capitalisation (INR Crore): 13,790.93
Website: https://www.iifl.com/

14. Manappuram Finance Limited
Verticals
Online Gold Loans
Gold Loans
SME Finance
Forex & Money Transfer
Vehicle Loans: Commercial Vehicle Finance, Construction Equipment
Finance, Two Wheeler Finance, Car Finance, Farm Equipment Finance
Market Capitalisation (INR Crore): 10,101.13
Website: https://www.manappuram.com/

15. Magma Fincorp Limited
Verticals
Car Loans (Used and New)
Tractor Loans (Used and New)
SME Loans
Construction Equipment Loans
Commercial Vehicle Loans (Used and New)
Housing Finance (includes Loan Against Property)
Market Capitalisation (INR Crore): 3,330.19
Website: https://magma.co.in/

16. Shalibhadra Finance Limited
Verticals
Used Two-Wheeler Loans
Used Three-Wheeler Loans
Used Four-Wheeler Loans
Consumer Durable Loans
Two-Wheeler Loans
Market Capitalisation (INR Crore): 42.50
Website: http://www.shalibhadrafinance.com/

17. Fullerton India Credit Company
Limited
Verticals
Personal Loans (Women, Wedding, Holiday, Doctors, Home Improvement,
Emergency)
Business Loans (Women, Doctors, Manufacturers, Traders, Chartered
Accountants)
Loan Against Property (Doctors, Engineers, Chartered Accountants, Traders,
Manufacturers)
Consumer Durable Loans
Garima Loan (Construction of Toilets)
Commercial Vehicle Loans (Heavy And Medium Commercial Vehicles, Light
Commercial Vehicles, Small Commercial Vehicles, Passenger Buses, School
Buses)
Growing Enterprise Loan (MSME Loans)
Livestock Loans
Merchandise Loan (Small-Ticket Size Consumer Durable Loans)
Samriddhi Loan (Large-Ticket Size Self-Help Group Loans)
Solidarity Group Loan (Small-Ticket Size Self-Help Group Loans)
Market Capitalisation (INR Crore): Privately held, not available
Website: https://www.fullertonindia.com/

18. Aeon Credit Service India Private
Limited
Verticals
Mobile Loans
Consumer Durable Loans
Furniture Loans
Two Wheeler Loans
Personal Loans
E-Bike Loans
Market Capitalisation (INR Crore): Privately held, not available
Website: https://www.aeoncredit.co.in/

19. DMI Finance Private Limited
Verticals
Corporate Lending
Real Estate Loans: Loans Against
Shares, Project Finance, Promoter
Financing, Structured Debt
Non-Real Estate Loans: Structured
Debt, Mezzanine Debt Financing,
Bridge Financing
Digital Lending
Consumption Loans: Consumer
Durables, Lifestyle Financing, Medical
Loan, Education Loan, Travel Loan,
Student Loan
Personal Loans: Salaried, Self-
Employed
MSME Loans: Business Loan,
Working Capital
Housing Finance
Individual: Renovation/Home
Extension, House/Flat Purchase, Plot
Purchase, Home Construction, Loan
Against Property
Corporate: Construction Finance, Loan
Against Commercial Property
Asset Management
Market Capitalisation (INR Crore): $230 million VC Investment
Website: https://www.dmifinance.in

20. TVS Credit Services Limited
Verticals
Two Wheeler Loans (only on TVS Two Wheelers)
Used Car Loans
Tractor Loans
Consumer Durable Loans
Used Commercial Vehicle Loans
Three Wheeler Loans
Business Loans (Loans Against Machinery, Loans Against Property, Unsecured
Business Loan, Working Capital Loan)
Market Capitalisation (INR Crore): Privately held, not available
Website: https://www.tvscredit.com/

21. Home Credit India Finance Private
Limited
Verticals
Mobile Phone Loans
Home Appliance Loans
Laptop Loans
Cash Loans
Two Wheeler Loans
Market Capitalisation (INR Crore): Privately held, not available
Website: https://www.homecredit.co.in/

22. Tata Capital Financial Services Limited
Verticals
Two Wheeler Loans (includes High - End Bike Loans)
Personal Loans
Credit Cards (Tata Card)
Investment Advisory Services (Portfolio Advisory Services, Financial Planning
Services, Retirement Planning Services)
Loans Against Property
Consumer Durable Loans
Loans Against Securities
Car Loans
Commercial Finance (Term Loans, Channel Finance, Debt Syndication,
Structured Finance, Loan Against Securities, Equipment Finance, Lease Rental
Discounting, Working Capital Demand Loan, Bill Discounting, Equipment
Finance & Lease Solutions)
Market Capitalisation (INR Crore): Privately held, not available
Website: https://www.tatacapital.com