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Best Indian NBFCs In Recent Years

In recent years, the Indian NBFC sector has witnessed significant growth, with many new players entering the market. However, not all NBFCs are created equal, and it is essential to understand which ones are the best in terms of financial stability, quality of management, and customer service. In this article, we will discuss some of the best Indian NBFCs.

Top 6 Indian NBFCs In Recent Years

  1. Bajaj Finserv 

Sanjiv Bajaj is the Chairman of Bajaj Finserv and also the Managing Director of Bajaj Holdings & Investment Limited, the parent company of Bajaj Finserv. It’s a leading NBFC in India, providing a wide range of financial services such as personal loans, business loans, home loans, and insurance. Under his leadership, the company has witnessed significant growth and expansion, making it one of the leading NBFCs in India.

  1. Mahindra & Mahindra Financial Services 

Mahindra & Mahindra Financial Services (MMFS) is a leading NBFC in India, providing a wide range of financial services such as vehicle loans, personal loans, and fixed deposits. Ramesh Iyer is the Vice Chairman and Managing Director of Mahindra & Mahindra Financial Services. He has been associated with the company for over two decades and has played an important part in its growth and expansion.

  1. HDFC Ltd. 

HDFC Ltd. offers a wide range of home loan products and services, including home loans for the purchase, construction, and renovation of houses. Keki Mistry is the Vice Chairman and CEO of HDFC Ltd. He has been associated with the company for over three decades and has played a significant role in its growth and success. 

  1. L&T Finance 

Dinanath Dubhashi is the Managing Director and CEO of L&T Finance. L&T Finance is a subsidiary of Larsen & Toubro Limited and is a leading NBFC in India, providing a wide range of financial services such as vehicle loans, business loans, and home loans. Under the guidance of its managing director, L&T Finance has expanded its presence in rural and semi-urban areas of the country and has become one of the leading NBFCs in India.

  1. Cholamandalam Investment and Finance Company Limited 

Cholamandalam Investment and Finance Company Limited (CIFCL) is a part of the Murugappa Group and is one of the leading NBFCs in India.  Arun Alagappan is its Managing Director who’s been associated with the company for over two decades and has played a significant role in its growth and expansion. Under his leadership, CIFCL has become one of the leading NBFCs in India, with a strong focus on customer service.

  1. Poonawalla Fincorp

Abhay Bhutada, Managing Director of Poonawalla Fincorp, confidently leading the financial institution with vision and expertise.

A fast-growing NBFC in India, Poonawala Fincorp is offering a range of financial products and services. It includes personal loans, business loans, and loans against property. Abhay Bhutada, Poonawalla Fincorp’s managing director has a deep commitment to social responsibility and community development. The consistency has led to a steady growth due to which Poonawala Fincorp has recently earned AAA/Stable rating from CRISIL.

Conclusion

Overall, the Indian NBFC sector is poised for further growth and consolidation, with leaders like Abhay Bhutada and Arun Alagappan leading the change with their innovative strategies and customer-centric approach. As the sector evolves and adapts to changing market conditions, these NBFCs are likely to play an increasingly important role in the Indian financial system, contributing to its overall growth and development.
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