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Financial technology (also called FinTech) is an industry composed of companies that use technology to offer financial services. These companies operate in insurance, asset management and payment, and numerous other industries. FinTech has emerged as a relatively new industry in India in the past few years. [citation needed]
Bajaj Finance Limited (BFL) is an Indian non-banking financial company headquartered in Pune. It is one of the leading non-banking financial companies (NBFCs) of India with a customer base of 83.64 million and holds assets under management worth ₹ 330,615 crore (US$41 billion), as of March 2024.
Website. indiainfoline .com. IIFL Finance Limited (formerly IIFL Holdings Limited) d/b/a IIFL and India Infoline Finance Limited, [3] is an Indian diversified financial services company headquartered in Mumbai. The organisation was founded by Nirmal Jain. [4] IIFL and its group companies are backed by Canadian investor Prem Watsa, private ...
Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance business or chit-fund business, but does not include any institution whose principal business is that of agriculture, industrial activity, purchase or sale of any goods (other than ...
IFCI Ltd. IFCI, previously Industrial Finance Corporation of India, is a development finance institution under the ownership of Ministry of Finance, Government of India. Established in 1948 as a statutory corporation, IFCI is currently a company listed on BSE and NSE. IFCI has seven subsidiaries and one associate.
Cholamandalam Investment and Finance Company Limited (CIFCL) is an Indian financial and investment service provider with headquartered in Chennai, India. The company has 1029 branches across the country. It is one of the 28 businesses under the Murugappa Group. It employees over 7,000 employees and also has about 16,000 people who assist in ...
IDFC Limited was set up in 1997 to finance infrastructure projects in India. With time, the company diversified into asset management, institutional broking and investment banking. In 2014, the Reserve Bank of India granted in-principle approval to IDFC Limited to set up a new bank in the private sector. Following this, the IDFC Limited ...
43,743. State-owned crude oil and gas company, currently the largest in India. 236. State Bank of India. $47,286. 257,252. The bank is a state-owned, multi-national financial services entity, founded in 1806 as the Bank of Calcutta. The firm operates in more than 36 countries. 275.