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 India’s power sector.

Reliance Capital Ltd, a Reliance - Anil Dhirubhai Ambani Group (aka ADAG) company, is one of India’s 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.