By Lal Singh India’s finance sector is doing better than ever before, and this trend will continue for the long term, at least that’s how it seems. But right now, all this growth we’re seeing is not just because of some complex matter, nah, instead, it has a lot to do with how people are trusting different finance companies or institutions in the country, and that’s a major part that not a lot of people pay attention to. There are so many finance companies in India, right now, but we’re here to talk about only the top, aka major ones. So, let’s just get on with this list of the Top 10 leading Finance Companies in India 2025. Alright, let’s get going then.
1. Bajaj Finance Ltd.
Bajaj Finance, with a staggering market cap of ₹6.17 lakh crore, is not only the largest NBFC beyond but also what it termed as the true giant of the financial sector. The company that deals in loans of all types, including EMI financing of consumer durables, has gained widespread popularity being the go-to place for the city and village people. In the last quarter, the company made a net profit of ₹4,765 crore, recording 20% YoY growth. It also achieved sales of ₹19,524 crore.
2. Bajaj Finserv Ltd.
Though largely considered the parent company of Bajaj Finance, the financial levy of Bajaj Finserv tells a different story altogether. Finserv, with a market capitalization of ₹3.3 lakh crores, has created a wide and varied financial portfolio that ranges from insurance to lending and investments. Within a single quarter, the company made over ₹5,329 crore in profits, with the revenue exceeding ₹35,439 crores, which corresponds to a healthy 30% profit growth.
3. Shriram Finance Ltd.
One company is Shriram Finance, which, after its 2022 merger with Shriram City Union Finance, changed completely, and the things that happened are very telling. The company, which was ₹ 5,241 crore, is now ₹ 1.19 lakh crore, and it is the leader for the commercial vehicle loan market in India. By centering its resources on transport operators and small business owners, the company has managed to cultivate a devoted clientele throughout the Indian market.
4. Muthoot Finance Ltd.
In India, gold has been emotionally valuable at all times, and Muthoot Finance leveraged this fact to build a business model with high growth. Muthoot, being the biggest gold loan NBFC in India, presently has a market cap of ₹1.17 lakh crore. One of the things that made this company different in the year 2025 is its dramatic increase in profits of over 70%, reaching ₹1,974 crore this quarter. Besides ₹6,450 crore of revenue and a ROCE of 13.19% (the highest among the top 5) you are looking at a company that is going beyond gold lending.
5. Cholamandalam Investment and Finance Co.
Previously referred to as Chola, one of the Murugappa Group’s companies, has gone up stealthily to a market capitalization of ₹1.33 lakh crore, and it seems that its growth will continue for a long time. Chola’s loan book covers car financing, small business loans, housing, and LAP products, which means that it has a wide customer base. During the last quarter, the company earned a net profit of ₹1,137 crore, along with sales of ₹7,266 crore and a ROCE of 10.34%.
6. Power Finance Corporation (PFC)
PFC is not a regular non-banking financial company; just like any other, it is one of the major government-backed financial institutions. PFC is the power infrastructure financing of India’s energy project portfolio. At present, PFC, with a ₹1.35 lakh crore market capitalization, is the largest power generation capacity provider in India with 23% of the total capacity. The company’s achievements are supported by financial results like this quarter, where they had a net profit of ₹8,981 crore, revenue of ₹28,539 crore, and a return on capital employed (ROCE) of 9.73%.
7. HDB Financial Services
Despite the fact that HDB is not yet on the official listing, its growth over the Non-Banking Financial Company (NBFC) hierarchy has been remarkably steady, without attracting much attention. It is said that HDB is worth more than ₹65,000 crore. It concentrates on loans for individuals, companies, and gold, apart from offering BPO services, which is an unusual combination. In the most recent quarter, the company announced a profit of ₹567 crore on sales of ₹4,465 crore.
8. L&T Finance Ltd.
This NBFC, supported by L&T Group itself, has made its own way in the countryside and retail lending market. L&T Finance, with a market cap of ₹61,671 crore, is now deeply involved in farm machinery loans, rural lending, and infra finance right here in the country. The company has recently generated a profit of ₹700 crore, made sales worth ₹4,259 crore, and attained a ROCE of 8.71%.
9. Aditya Birla Finance Ltd.
This financial offshoot of the well-known Aditya Birla Group caters to diverse clients, including both the individual salaried class and big businesses. Having that HUGE market cap of ₹75,538 crore, Aditya Birla Finance is ranked among the leading private-sector non-banking financial companies in India. In this first quarter of 2025, the company recorded profits of ₹850 crore, revenues of ₹9,502 crore, and a ROCE of 9.33%.
10. LIC Housing Finance Ltd.
The last on our list is a name that is almost the same as home loans in India, LIC Housing Finance, the support of which comes from the Life Insurance Corporation of India. With a market capitalization of ₹32,607 crore, the company is still one of the leading players in the housing finance sector, offering a wide range of products to the salaried as well as self-employed individuals. During the first quarter of 2025, LIC Housing Finance achieved a net profit of ₹1,364 crore, with sales amounting to ₹7,250 crore, and a Return on Capital Employed (ROCE) of 8.93%.
Conclusion
There is no way that when we’re talking about the finance sector of India, we can just skip past these ten names. That’s just not going to happen. And with this quick look at these finance companies, you can pretty much tell how they made it big, you know, with their amazing financial products, proper backing by big corporations, and of course, the public trust factor.