Many companies have appeared to prominence in India’s banking, finance services and insurance (BFSI) sector, inducing the financial future of the country. These enduring financial companies have been significant in driving India’s economic development. This article probes into India’s top 12 BFSI companies, discovering their operations and contributions to the nation’s financial domain.
List of top BFSI companies in India
Life Insurance Corporation of India (LIC)
Originated in: 1956
Place: Jeevan Bima Marg, 19953, Yogakshema Building, Mumbai, Maharashtra, 400021
Life Insurance Corporation of India (LIC) is an iconic organization in India’s BFSI industry. As the nation’s top insurance company, LIC provides various financial products, including life insurance, health insurance, and investment choices. With its extensive branch network and wide-ranging product range, LIC has played a vital role in fortifying the financial future of millions of Indians.
State Bank Of India (SBI)
Originated in: 1886
Place: State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra
State Bank of India (SBI), Originated in 1886, is India’s largest and oldest bank. It gives a broad spectrum of banking services, addressing numerous financial requirements of individuals, SMEs and industries. With an extensive network of divisions within India and overseas, SBI showcases its assurance to serving the nation’s banking needs.
Bajaj Holdings and Investment (BHIL)
Originated in: 1945
Place: Bajaj Auto Ltd Complex, Mumbai-Pune Road, Akurdi, 411014
Bajaj Holdings and Investment is a projecting player in the BFSI sector. With a strong foundation since 1945, BHIL emphasises on income generation through dividends, interest, and investment gains. It grasps strategic stakes in key entities like Bajaj Auto Limited, Bajaj Finserv Limited, and Maharashtra Scooters. BHIL also achieves a diverse portfolio of fixed-income securities, parities across various segments, and investments in property.
GIC Housing Finance
Originated in: 1989
Place: 6th Floor, National Insurance Bldg., 14, Jamshedji Tata Road, Churchgate, Mumbai, Maharashtra 400020
GIC Housing Finance, recognized in 1989, primarily engages in the housing finance business. It ranges from housing loans to individuals and entities complicated in residential construction projects. With an attendance in over 60 branches, GIC Housing Finance is crucial in promoting housing activities in India.
HDFC Bank
Originated in: 1994
Place: HDFC Bank Ltd 1st Floor, C.S.No.6/242, Senapati Bapat Marg, Lower Parel, Mumbai 400013
India’s largest secluded sector lender by assets is HDFC Bank, which was established in 1994 and has its headquarters in Mumbai. It gives a wide range of financial services, such as investment banking, wealth organization and more. Beyond housing finance, it functions in banking, life and general insurance, and more.
ICICI Bank
Originated in: 1994
Place: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, Maharashtra 400 051
ICICI Bank, Originated in 1994, has emerged as a banking powerhouse in India. Contribution a full range of financial services and banking products, counting asset management, investment banking, and insurance, ICICI Bank has a important national and intentional presence.
Bajaj Allianz Life Insurance Co.
Originated in: 2001
Place: Bajaj Allianz House, Airport Road, Yerawada, Pune-411006
Bajaj Allianz Life Insurance Co. is a business between Allianz SE and Bajaj Finserv Limited. giving a variety of insurance products, for example ULIP plans, term insurance plans, and pension plans, Bajaj Allianz Life Insurance is a serious player in securing the financial future of millions of Indians.
Bajaj Finance
Originated in: 1987
Place: 4th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411 014
Bajaj Finance, Originated in 1987, is vital to India’s financial sector. With its headquarters in Pune, this company contracts in commercial lending, consumer finance, SME services, and wealth management. It claims a expanded lending portfolio and holds the highest domestic credit rating of AAA/Stable.
Goldman Sachs
Originated in: 1869
Place: C. S. Vaidyanathan Road, Srinivasa Nagar, New HAL 2nd Stage, Kodihalli, Bengaluru, Karnataka, 560008
Goldman Sachs is a global leader in asset banking, securities, and investment management. Established in 1869, it has become one of the most projecting financial institutions worldwide. With a workforce exceptional 40,000, Goldman Sachs operates from its headquarters in New York, USA. The company provides a wide range of financial services, counting investment advisory, asset management, and securities transaction.
JPMorgan Chase and Co.
Originated in: 2000
Place: J.P. Morgan Tower, Off. C.S.T. Road, Kalina, Santacruz East, Mumbai, Maharashtra, 400098
The massive financial services company JPMorgan Chase and Co. was founded in 1799. Since its official founding in 2000, the company has grown to become a world leader in asset management, banking, and other financial services. The corporation has its headquarters in New York, USA, and employs a vast workforce of approximately 256,000 people. JPMorgan Chase offers a wide range of financial solutions to millions of clients and customers globally.
Axis Bank
Originated in: 1993
Place: Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli, Mumbai, Maharashtra, 400025
Axis Bank, Originated in 1993, has appeared as a prominent player in the Indian banking sector. With a workforce prodigious 87,000, it functions primarily from its headquarters in Mumbai, India. The bank provides a wide array of financial services, including retail and business banking, wealth management, and more.
Morgan Stanley
Originated in: 1935
Place: 18F, Tower 2, One India bulls Centre, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai, Maharashtra, 400013
Recognized in 1935, Morgan Stanley has established itself as a global powerhouse in investment banking and financial services. With a staff of over 70,000, the firm is headquartered in New York, USA. Morgan Stanley gives a broad range of services, including wealth management, institutional securities, and investment organization. It’s known for its proficiency in mergers and acquisitions, making it a foremost player in the financial industry.
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