The NBFC sector plays a crucial role in India’s financial ecosystem, providing valuable financial services to individuals and businesses alike. To recognize and honor the top performers in this industry, Elets Technomedia and The Banking & Finance Post have organized the prestigious Top 100 NBFCs Ranking, based on their Assets Under Management (AUM), serving as a benchmark to identify the most successful and influential players in the sector.
This ranking not only highlights the achievements of these NBFCs but also sets a standard of excellence for the entire industry.
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The Indian NBFC industry has experienced significant growth and transformation over the last few years. With the liberalization of the financial sector, NBFCs have emerged as key contributors to the country’s economic development. The NBFC retail sector’s assets under management (AUM) were approximately ₹14 lakh crore as of March 2023. It is
projected to grow at a faster rate of 18-20 per cent in FY24, compared to the previous estimate of 12-14 percent. In the last fiscal year, NBFC-retail AUM expanded by a robust 26 per cent, primarily due to a 44 per cent increase in unsecured loans with an anticipated 10-12 per cent growth in infrastructure and other wholesale loans.
Ranking Methodology:
India’s Top 100 NBFCs Ranking has been determined based on their Asset Under Management (AUM). This ranking serves as a distinctive reference point. Each NBFC received a score according to specific criteria, and the total scores for all institutions were tallied. The NBFC with the highest cumulative score earned the top position, while the one with the lowest score was placed at the bottom.
| Top 100 NBFCs’ Ranking Based on AUM* | ||
| Name of the Organisation | AUM of the Organisation (in Crores) | Rank |
| PTC India Financial Services Limited | 7,63,439 | 1 |
| NABFINS Limited (Formerly: Nabard Financial Services Limited) | 5,32,000 | 2 |
| Indian Railway Finance Corporation | 4,66,938 | 3 |
| Power Finance Corporation Limited | 4,22,498 | 4 |
| Aditya Birla Capital Limited | 3,90,000 | 5 |
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