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Top 20 Non-Banking Finance Companies of India: Company Name Market Cap. (Rs. Billion)

The document lists the top 20 non-banking finance companies in India as of January 17, 2008 based on their market capitalization. Housing Development Finance Corporation (HDFC) had the highest market cap of Rs. 445.3 billion, followed by Power Finance Corporation and Reliance Capital. HDFC is the largest private housing finance company in India, with most of its shares held by foreign institutional investors. Power Finance Corporation is a state-owned enterprise that finances power projects. Reliance Capital is a diversified financial services firm owned by the Reliance Anil Dhirubhai Ambani Group.

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17 views2 pages

Top 20 Non-Banking Finance Companies of India: Company Name Market Cap. (Rs. Billion)

The document lists the top 20 non-banking finance companies in India as of January 17, 2008 based on their market capitalization. Housing Development Finance Corporation (HDFC) had the highest market cap of Rs. 445.3 billion, followed by Power Finance Corporation and Reliance Capital. HDFC is the largest private housing finance company in India, with most of its shares held by foreign institutional investors. Power Finance Corporation is a state-owned enterprise that finances power projects. Reliance Capital is a diversified financial services firm owned by the Reliance Anil Dhirubhai Ambani Group.

Uploaded by

Shoaib Khan
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Top 20 non-banking finance companies of India

The top finance companies of India excluding banks when ranked on their market value were
following as on 17 Jan 2008.
Company Name
Market
Cap. (Rs.
Billion)*
HDFC 445.3
Power Finance Corp. 150.1
Reliance Capital 105.2
IDFC 77.1
Rural Electricity Corp. 67.4
Shree Global 61.5
Shriram Transport
Finance
39.7
Bajaj Finserv 27.1
Indiabulls 25.7
Religare Enterprises 24.5
Bajaj Holdings 23.5
M&M Financial 22.6
LIC Housing Finance 20.1
Edelweiss Capital 17.9
KGN Industries 17.1
Shriram City 15.8
IFCI 15.8
JM Financial 15.8
India Infoline 13.1
Centrum Finance 11.1


*as on Jan 17 2008.
Housing Development Finance Corporation Limited (HDFC) headquartered in Mumbai is the
biggest private sector public housing mortgage company. Its major shareholders are Foreign
Institutional Investors with about 59% holdings. FDI holds 15% while Insurance companies
and mutual funds hold about 12% of its shares. Citigroup through its Mauritius subsidiary,
Citigroup Strategic Holdings Mauritius Ltd, is the biggest shareholder with 9.1% in HDFC.

Power Finance Corporation Ltd (PFC) is one of the Navratna Public Sector Undertakings (the
best government companies in India). PFC is the provider of large range of financial products
in the power finance sector. It is playing an important role in developing Indias power
sector.

Reliance Capital Ltd, a Reliance - Anil Dhirubhai Ambani Group (aka ADAG) company, is
one of Indias fastest growing private sector financial services firm. Reliance Capital has
business spread across domains like asset management, insurance, private equity, stock
broking, depository services, consumer finance etc. Promoters group holds 53% of shares in
Reliance Capital.

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