In the past few years, Delhi has witnessed significant economic growth, and the rise in the number of financial institutions in the city is one of the primary reasons behind this. Delhi is known for its vibrant landscape housing some of the top companies in the world. From IT and software development to manufacturing, Delhi has every significant sector of the country while startups are continuously growing and contributing to the overall development as well.
Business landscape of Delhi
Delhi’s business landscape accommodates several of the top national as well as international companies, and there is no doubt that the city is a significant contributor to the country’s economy. Delhi supports a vast range of sectors, from IT and software services to finance, education, manufacturing, and hospitality. What proves to be beneficial for the city’s business landscape is the advanced infrastructure that attracts top MNCs to establish their offices in the city while also boosting the real estate sector. The presence of commercial zones such as Connaught Place and Nehru Place adds to the city’s cosmopolitan nature and has significantly helped boost the economy.
Top finance companies in Delhi
Citi (Citibank India)
Company type: Public limited company
Industry: Finance
Sub-industry: Banking
Location: Punjabi Bagh West, Delhi 110026
Founding date: 1902
Citibank is a global banking and financial services provider in Delhi that offers a wide range of services. Some of the services provided include banking services such as opening a savings account, current account, fixed deposits, and credit cards, wealth management services such as mutual funds and investments, corporate banking services such as trade finance, and investment banking services such as capital raising and advisory.
IFCI Ltd (Indian Finance Corporation of India)
Company type: Public limited company
Industry: Finance
Sub-industry: Development finance institution
Location: Nehru Place, Delhi 110019
Founding date: 1948
Indian Finance Corporation is a public financial institution headquartered in Delhi, India. The company manages some of the top industrial projects and is responsible for significant industrial developments in the country. Some of the services provided by the company include long-term loans for business expansion and capital expenditure, financial advisory, project planning, etc. The corporation also invests in several other companies, helping them grow in the market.
Clix Finance
Company type: Private limited company
Industry: Finance
Sub-industry: NBFC
Location: Pitampura, Delhi 110034
Founding date: 2006
Clix Finance is a non-banking finance company that offers a wide range of financial services. While the company offers many services, it lays significant emphasis on lending loans. Some of the services the company provides include home loans, personal loans, digital banking, vehicle loans, credit cards, etc. The company supports local businesses and startups and helps them flourish, indirectly boosting the city’s economy.
HDFC Bank
Company type: Private limited company
Industry: Finance
Sub-industry: Banking
Location: Connaught Place, Delhi 110001
Founding date: 1994
HDFC Bank is one of the largest and most sought-after private sector banks in India. It offers various services, from retail banking to wealth management. HDFC offers premium financial services offering a broad spectrum of services to corporate clients. The services include corporate loans, trade management, finance restructuring, cash management, etc. HDFC has different divisions dedicated to different purposes; for example, HDFC Credila is a subdivision of HDFC that eases up the education loan process for students, while another division assists clients with their investments.
VLS Finance
Company type: Private limited company
Industry: Finance
Sub-industry: NBFC
Location: Okhla, Delhi 110020
Founding date: 1995
VLS Finance is one of the top non-banking finance corporations based in Delhi. The company also helps clients with loans and financial restructuring; it provides various financial services specifically tailored to the client’s needs. The primary services provided by the company include retail lending, investment advisory, and small business funding.
Hero Fincorp
Company type: Public limited company
Industry: Finance
Sub-industry: NBFC
Location: Vasant Vihar, Delhi 110057
Founding date: 1991
Hero Fincorp is a renowned non-banking finance corporation offering financial services catering to various individuals and groups. The company supports several small and medium-sized enterprises in India and helps them expand their businesses. Moreover, the company provides several types of loans and services including home loans, vehicle loans, loans against commercial property, etc;
SBI Cards and Payments
Company type: Public limited company
Industry: Finance
Sub-industry: Payment services
Location: Connaught Place, Delhi 110001
Founding date: 1993
SBI is one of the top public sector banks in India. It is one of the most reputed financial institutions in the country, and SBI Cards and Payments is a subdivision of the bank. SBI Cards and Payments offers its clients plenty of credit card choices with several perks and offers, and the customer can choose according to their needs. Besides this, the company provides digital banking services to facilitate customer payment and easy access to bank statements.
Barclays
Company type: Public limited company
Industry: Finance
Sub-industry: Banking
Location: Nehru Place, Delhi 110019
Founding date: 1833
Barclays is a British multinational financial service company and Delhi bank focusing on global investment and corporate banking services. The corporation significantly emphasizes corporate banking services such as cash management and trade finance. It also offers wealth management and advisory services to its clients.
American Express
Company type: Public limited company
Industry: Finance
Sub-industry: Payment services
Location: Saket, Delhi 110017
Founding date: 1850
American Express is another global financial service company known for offering premium credit card services with many offers that vary depending on the type of card chosen. These benefits include travel, rewards,s, and lifestyle benefits. The company also offers unique rewards to its loyal customers. Besides this, it eases up the traveling process for its customers by providing travel insurance, easy and cheaper bookings, airport lounge access, etc;
ICICI Bank
Company type: Public limited company
Industry: Finance
Sub-industry: Banking
Location: RK Puram, Delhi 411004
Founding date: 1955
ICICI Bank is a premium private sector bank in Delhi with branches nationwide and a comprehensive range of services. From standard retail banking services to insurance, mutual funds, and portfolio management services to help clients manage their assets, ICICI provides almost all banking services. It plays a significant role in the country’s finance sector and offers loans to several businesses, helping the economy directly and indirectly.
Impact of finance companies on Delhi
Finance companies in Delhi have significantly contributed to the city’s economy. These companies help several small and medium-sized enterprises financially, which again proves to be beneficial for the city’s overall development. These companies contribute to significant infrastructural developments and help boost the real estate market. Finance companies also create plenty of job opportunities, and with their services, they help people invest their money, contributing significantly to the economy.
Real estate demand in Delhi
Various Finance companies have started their operations in Delhi in the past decade, due to which the demand for real estate has constantly increased. the companies buy office spaces, buildings, and commercial complexes to integrate the work, leading to higher prices in the real estate sector. These companies also facilitate the development of the real estate sector by expanding their operations and increasing the workforce.
The finance companies often rent offices or workspace instead of buying because buying real estate in Delhi requires enormous investment, which might only be feasible if the company is sure about continuing its operations. The rental income is also generated by the employees who come to work in these companies. The employees occupy flats, houses, and other real estate, which generates continuous rental income and facilitates growth in the real estate sector.
FAQs
What are the top finance companies in India?
Some of the top finance companies in the country are Bajaj Finance Limited, Aditya Birla Finance Limited, Muthoot Finance, etc;
Which is the best non-banking financial company in India?
Aditya Birla Capital is one of the best NBFCs in India.
What are the benefits of working in finance?
Working in finance can offer high salaries, diverse career paths, and opportunities to learn new skills and grow professionally.
Which are the top financial companies in the world?
Some of the top non-banking financial companies in the world are JPMorgan Chase and Co., Mastercard Incorporated, and Berkshire Hathaway Inc.
Are finance jobs stressful?
Finance jobs are one of the most stressful as they require you to make critical decisions for the entire organization.
Which government authority regulates finance companies in India?
The RBI (Reserve Bank of India) regulates financial institutions in India.
Which companies in Delhi offer home loans?
Several banking and non-banking financial institutions offer home loans. Some of them are HDFC Bank, SBI, Clix Finance, Hero Fincorp, etc;
Can I apply for a loan online in Delhi?
Yes, many financial institutions in Delhi provide online loan application forms to ease the process for their customers. Some of these institutions are HDFC, CitiBank, Hero Fincorp, etc;
Do finance companies in Delhi offer wealth management services?
Yes, finance companies in Delhi offer a wide range of wealth management services, from mutual funds and fixed deposits to investment advisory.
Is there any financial company in Delhi that offers loans to small and medium-sized businesses?
Several banks and NBFCs provide loans to help small and medium-sized businesses flourish.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
