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Practical 8

The document provides information on several major Non-Banking Financial Companies (NBFCs) in India that can help provide funding and financial services for new business ventures. It discusses Shriram Transport Finance Company Limited, Bajaj Finance Limited, L&T Finance Limited, Cholamandalam, and HDB Finance Services, outlining their areas of specialization and services offered.

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riddhi1kangane
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55 views2 pages

Practical 8

The document provides information on several major Non-Banking Financial Companies (NBFCs) in India that can help provide funding and financial services for new business ventures. It discusses Shriram Transport Finance Company Limited, Bajaj Finance Limited, L&T Finance Limited, Cholamandalam, and HDB Finance Services, outlining their areas of specialization and services offered.

Uploaded by

riddhi1kangane
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Name : Saniya Nisar Attar

Roll no : 01
Class : TYCO
Subject : Entrepreneurship Development

Practical No 7

Title: Compile the info from financial agencies that will help you setup your business enterprise.

Non-Banking Financial Companies (NBFC) are establishments that provide financial services
and banking facilities without meeting the legal definition of a Bank. They are covered under the
Banking regulations laid down by the Reserve Bank of India and provide banking services like
loans, credit facilities, TFCs, retirement planning, investing and stocking in money market.

These organizations play a crucial role in the economy, offering their services in urban as well as
rural areas, mostly granting loans allowing for growth of new ventures.

Shriram Transport Finance Company Limited

Transport Finance Company Limited focuses on funding commercial and business vehicles,
besides others. The company was founded in 1979 and has been offering funding services for
Light Duty Trucks, Heavy Duty Trucks, Mini Trucks, Passenger Vehicles, Construction Vehicles
and Farm Equipments. The company’s specialisation is in general insurance, mutual funds,
common assets, stock broking and general protection.

Bajaj Finance Limited

Bajaj Finance Limited was founded in 2007 and is a unit of Bajaj Holdings and Investments. It
offers loans to doctors for career enhancement, home loans, gold loans, individual Loans, business
and entrepreneur loans and is an extremely popular finance company. Apart from these, Bajaj
Finserv also provides services like wealth advisory, lending money and general insurance. It has
over 1400 branches across the country with more than 20000 employees.

L & T Finance Limited


L & T Finance Limited is a strong player in the non banking financial sector And was established
in 1994. Headquartered in Mumbai, L & T offers funding services to different sectors like trade,
industry, agriculture, Commercial Vehicle loans, Individual Vehicle loans, and corporate and
rural loans. The company caters to more The company caters to more than 10 lakh people. In
2010, L & T was awarded the “Company of the year” in the Economic Times awards.

Cholamandalam
Cholamandalam Investment and Finance Company Limited (Chola), was incorporated in 1978 as
the financial services arm of the Murugappa Group. Chola started as an equipment financing
company and has surged ahead as a complete financial services provider offering all kinds of
services like - vehicle finance, home loans, home equity loans, SME loans, investment advisory
services, stock broking and a host of other financial services to customers. Chola has 725 branches
across India with assets under management above INR 35,000 Crores.

HDB Finance Services


HDB Financial Services is operated by India’s largest private sector HDFC Bank. It offers a
variety of secured and non-secured financial loans through a network of more than 1,000 branches
in 22 Indian states and 3 Union Territories. It provides secured and unsecured loans, including
personal and business loans, doctor's loans, auto loans, gold loans, new to credit loans, enterprise
business loans, consumer durables loans, construction equipment loans, new and used car loans,
equipment loans, and tractor loans. The company operates through Lending Business and BPO
Services segments. It is considered the fastest growing NBFC in India today.

Conclusion: Hence, we compiled the info from financial agencies that will help us setup our
business enterprise.

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