India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017 Published in India by Dun & Bradstreet Information Services India Pvt Ltd. Registered Office ICC Chambers, Saki Vihar Road, Powai, Mumbai - 400072. CIN: U74140MH1997PTC107813 Tel: +91 22 6676 5555, 2857 4190 / 92 / 94 Fax: +91 22 2857 2060 Email:
[email protected] URL: www.dnb.co.in New Delhi Office 1st Floor, Administrative Building, Block ‘E’, NSIC - Technical Services Center, Okhla Industrial Estate Phase - III, New Delhi - 110020. Tel: +91 11 4149 7900 / 01 Fax: +91 11 4149 7902
Kolkata Office 166B, S. P. Mukherjee Road, Merlin Links, Unit 3E, 3rd Floor, Kolkata - 700026. Tel: +91 33 2465 0204 Fax: +91 33 2465 0205
Chennai Office New No: 28, Old No: 195, 1st Floor, North Usman Road, T. Nagar, Chennai - 600017. Tel: +91 44 2814 2265 / 75 Fax: +91 44 2814 2285
Ahmedabad Office 801 - 8th Floor, Shapath V, Opp. Karnavati Club, S. G. Highway Ahmedabad – 380054. Tel: +91 79 6616 8058 / 59 Fax: +91 79 6616 8064
Bengaluru Office No. 7/2 Gajanana Towers, 1st Floor, Annaswamy Mudaliar Street, Opp. Ulsoor Lake, Bengaluru - 560042. Tel: +91 80 4250 3500 Fax: +91 80 4350 3540
Hyderabad Office 504, 5th Floor, Babukhan’s Millennium Centre, 6-3-1099 / 1100, Somajiguda, Hyderabad - 500082. Tel: +91 40 6662 4102, 6651 4102 Fax: +91 40 6661 9358
Editor
Preeta Misra
Sub-Editor
Naina Acharya, Yogesh Jambhale
Editorial Team
Omesh Kandalkar, Christopher Dsouza, Agnel Peter, Yash Kavi, Rohit Singh, Mihir Shah, Aakanksha Sawant, Rohit Pawar, Nishikant Sharma
Sales Team
Suhail Aboli, Jaison Swamidas, Triveni Rabindraraj, Rajesh Kandari, Apoorwa Tyagi, Karan Abrol, Anchal Devnani, Manjula Dinakaran, Subhonita Gargari, Sunena Jain, Prasad Kachraj, Dharmesh Kapoor, Amit Kumar, Keerthi Madhu, Shivakar Mathur, Ayushi Nayak, Sushmita Nigam, Suchitra Pandey, Siddarth Ravindran, Smita Roy, Rashmi Singh, Sukhvinder Singh
Operations Team
Mangesh Shinde, Nehal Khosla, Prem Kumar, Ankur Singh, Sumit Sakhrani, Rajesh Gupta, Melita Menezes, Smruti Gandhi, Tia Roy, Upasana Mohapatra, Lakshaya Sahni, Archana Singh, Parmeshwar More
Design Team
Mohan Chilvery, Sonal Gangnaik, Tushar Awate, Yakoob Mohammed, Shilpa Chandolikar
All rights reserved Except for any fair dealing for the purpose of private study, research, criticism or review as permitted under the Copyright Act, no part or portion of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher. DISCLAIMER This publication is circulated by Dun & Bradstreet to the select recipients and at Dun & Bradstreet’s sole discretion. The publication shall neither be reproduced, republished, publicly circulated, disclosed nor shall be copied, modified, redistributed, or otherwise made available to any person or entity, in any form whatsoever including by way of caching, framing or similar means, whether in part or whole, without the prior written consent of authorized representatives of Dun & Bradstreet. This publication is meant for the fair and internal use of the recipients. Dun & Bradstreet provides no advice or endorsement of any kind through this publication. This publication does not constitute any recommendation by Dun & Bradstreet to enter into any transaction or follow any course of action. All decisions taken by the recipients shall be based solely on the recipient’s evaluation of circumstances and objectives. Dun & Bradstreet recommends that the recipient independently verify the accuracy of the contents of the publication, upon which it intends to rely. This publication contains information compiled from various sources over which Dun & Bradstreet may not have control and / or which may not have been verified by Dun & Bradstreet, unless otherwise expressly indicated in the publication. Dun & Bradstreet, therefore, shall not be responsible for any accuracy, completeness or timeliness of the information or analysis in this publication. Dun & Bradstreet thus, expressly disclaims any and all responsibilities and liabilities arising out of the publication or its use by the recipient or any person or entity.
India’s Leading BFSI Companies 2017 9th Edition ISBN 978-93-86214-15-7
Contents Preface................................................................................................................... I Foreword..............................................................................................................V Executive Summary............................................................................................VII Methodology....................................................................................................... XI Definitions & Calculations.................................................................................XIII Sector Overview Banks.........................................................................................................XVII NBFCs..................................................................................................... XXVII Securities Market...................................................................................XXXIII Mutual Funds.......................................................................................... XLVII Insurance .................................................................................................. LIII Interviews ................................................................................................ I-1 - I-10 Listing ..................................................................................................... L-1 - L-11 Profiles Banks........................................................................................................1-35 NBFCs / FIs / Financial Services..............................................................37-80 Broking...................................................................................................83-90 Asset Management Companies...........................................................93-103 Life Insurance.....................................................................................109-119 Non-Life Insurance.............................................................................121-135 Abbreviation..............................................................................................139-144 Index..........................................................................................................145-149
Preface Dun & Bradstreet India is proud to announce the launch of the ninth edition ‘India’s Leading BFSI Companies’, one of its premier publications. The publication provides useful information about the leading companies from the Indian BFSI (banking, financial services, and insurance) sector. Apart from highlighting the recent developments and key trends in the sector, it also features the major BFSI companies in the country. FY16 was a challenging year in terms of financial stability, especially for emerging market economies (EMEs). Most EMEs witnessed severe domestic imbalances as a result of economic stress, and a slowdown in credit growth. However, India outperformed its EME peers in terms of economic growth, with its GDP at constant prices (2011-12) having grown by 7.6% in FY16. The Indian BFSI sector had a mixed performance in FY16. On one hand, its banking sector was weighed down by rising NPAs. All scheduled commercial banks in India saw a deceleration in the growth of both, credit as well as deposits as compared to FY15. On the other hand, however, the aggregate balance sheet of NBFCs grew at a healthy rate. The insurance sector, both the life as well as non-life segments, also witnessed a healthy growth in premiums. During the year, the mutual funds sector managed to breach the ` 12 trillion mark in terms of average assets under management. There were some major developments in FY16 that promise to shape the financial landscape in the years to come. One of them was the in-principle approval for the setting up of payments banks. The release of guidelines for on tap licensing of universal banks in the private sector will promote competition in the banking sector and also help enhance financial inclusion. The government’s push for digitisation has resulted in technology being leveraged for the delivery of financial services, and has also led to the emergence of new innovative services. For instance, the launch of the Unified Payments Interface promises to revolutionize retail payments. More recently, the government’s demonetisation drive will lead to an improvement in the liquidity levels of banks and will reduce the cost of funds. The government’s plans to improve financial inclusion are also showing good progress. These are only some of the developments that all augur well for the Indian BFSI sector. Dun & Bradstreet is extremely optimistic about the rapid growth of the Indian BFSI sector. We are confident that the publication ‘India’s Leading BFSI Companies 2017’ will serve as a ready reckoner on the Indian BFSI sector. I hope you will enjoy reading ‘India’s Leading BFSI Companies 2017’ and welcome your suggestions and feedback.
Kaushal Sampat President & Managing Director - India Dun & Bradstreet
I
ECGC Diamond Jubilee Celebrations inaugurated by the President, Shri Pranab Mukherjee
New Delhi, November 8, 2016: The President, Shri Pranab Mukherjee inaugurated the Diamond Jubilee Celebrations of ECGC at Vigyan Bhavan, New Delhi. The function was presided by Smt. Nirmala Sitharaman, Minister of State (I/C) for Commerce and Industry, Government of India while Smt. Rita Teaotia, IAS, Commerce Secretary, Government of India and Shri Ajay Kumar Bhalla, IAS, Director General of Foreign Trade, Government of India, were the guests of honour. During the function, the President Shri Pranab Mukherjee, unveiled the Diamond Jubilee logo of ECGC and the Minister of State (I/C) for Commerce and Industry, released the Diamond Jubilee Journal and Stamp; the first copies of which were presented to the President. The Corporate Film which highlighted the achievements of ECGC and the role played by them in India’s export promotion was shown during the function. The function was well attended by a large number of bankers, exporters, representatives of trade bodies and prominent people from the government, business and trade. Smt. Teaotia welcomed the guests and outlined the crucial role played by ECGC in promotion of exports from India. She said that ECGC has II
evolved to meet the need of the changing times. The organization has grown substantially over the years and its premium income had increased to ` 1300 crores. It served 9000 exporters directly and another 17000 exporters who are financed by banks to whom ECGC provides credit risk insurance. The Minister of State (I/C) for Commerce and Industry, Smt. Nirmal Sitharaman, said that it was a matter of great pride that ECGC had grown to become one of the world’s leading credit risk insurance provider for exports and trade related services and ranked as the 5th largest credit insurer in the world in short term business. She emphasized the need for the country’s export to grow and to achieve that, the Indian exporters would need to explore new markets like Africa, Latin America and Far East since exports to developed economies have been at the same level or declining during the past couple of years. She also made a case for extending greater support so that it can play an even greater role in promoting exports. The President in his address recalled the time when he was the Minister of Commerce and said that ECGC always had a record of taking initiatives and launching innovative products to meet the needs of the export community. He mentioned that in order to
give a major boost to exports, the country’s exporters would have to be more competitive. He outlined the need for ECGC to extend support to exporters who are looking at these new markets, even though there would be a greater element of risk associated with trade with some of these countries. Smt. Geetha Muralidhar, Chairman-cum-Managing Director, ECGC Ltd. profusely thanked the Government, the Ministry of Commerce, the Board of Directors, past and present employees of ECGC, all of whom have played an important role in bringing it to the stature that it enjoys today. About ECGC ECGC was established in 1957 as India’s first organization to offer Credit Risk Insurance to exporters. Over the last six decades, ECGC has weathered many a storm and protected exporters in times of geopolitical turmoil, economic downturns and currency collapses. The Corporation has earned an international reputation and has grown to become the fifth largest Credit Risk Insurer in the world in short term business. ECGC’s growth has been commendable; its Total Business Covered has grown from ` 75 crore in FY1966 to ` 2,70,000 crores in FY2016.
III
9:41 AM
100%
Foreword Dun & Bradstreet India takes pleasure in announcing the launch of the ninth edition of its premier publication – ‘India’s Leading BFSI Companies’. Through this publication, Dun & Bradstreet seeks to provide useful and comprehensive information about the leading companies from the BFSI (banking, financial services, and insurance) sector. Additionally, it also highlights the recent developments and key trends in the sector. The BFSI sector plays a critical role in driving the country’s economy by providing a diverse range of financial and allied services to the largely diversified demographic spectrum of the country. Its importance in the socio-economic landscape is underscored by the fact that this sector will require a skilled workforce of 1.6 million by the year 2022. The recent demonetisation announcement has led to improved liquidity levels in the financial sector, especially in the banking industry. The increased liquidity, in turn, is expected reduce the cost of funds. Further, the impending reduction in cash transactions is also expected to result in a shift towards digital channels like digital wallets, debit and credit cards and User Payment Interface for financial transactions. Accordingly, we are currently witnessing a very dynamic environment in the BFSI sector in terms of innovation, high competition, consolidation, and increasing use of alternative multiple channels to name a few. In India, the market for the BFSI sector is still largely untapped. Digital technology, which has transformed the way business is conducted across the world, is expected to be one of the major drivers for the growth of this sector in India as well. A wide range of financial products are increasingly being sold and delivered using the electronic platform to millions of customer in India. Greater use of digital technology is helping the BFSI sector to lower the cost of transaction and bring higher efficiency and greater reach in the financial ecosystem. In the current scenario where the Government seeks to reduce the economy’s dependence on cash, the increased focus on tech-adoption promises to take the BFSI sector on a path of rapid growth. ‘India’s Leading BFSI Companies 2017’ stands as a ready reckoner on the Indian BFSI sector. Dun & Bradstreet is extremely optimistic about the progress of this sector and reiterates its commitment to continue tracking it to facilitate making informed business decisions. I hope you will enjoy reading ‘India’s Leading BFSI Companies 2017’ and look forward to your suggestions.
Preeta Misra Director - Learning & Economic Insights Group Dun & Bradstreet India
V
Executive Summary Dun & Bradstreet, the world’s leading provider of business information, knowledge, and insight, has been tracking the banking, financial services and insurance (BFSI) sector for the past eight years through its publication titled ‘India’s Leading BFSI Companies’. The ninth edition, in this series, ‘India’s Leading BFSI Companies 2017’ highlights the contribution of key stakeholders of the BFSI sector across India and the growth of the sector. The publication profiles the leading players of the BFSI sector with an annual total income of ` 250 million and above in FY16. Accordingly, the publication profiles 303 companies – comprising 88 banks, 119 non-banking financial companies, 53 insurance companies (life and non-life), 24 asset management companies and 19 broking companies. Following are some of the key highlights in this publication: • Credit growth of all scheduled commercial banks (SCBs) slowed down to 8.8% in FY16 from 9.7% in FY15. Similarly, the deposit growth rate of all SCBs decelerated to 8.1% in FY16 as compared to 10.7% in FY15 • The aggregate balance sheet of the NBFC sector increased by 15.5 % in FY16 on a y-o-y basis as compared to that of 15.7 % in March 2015 • In FY16, the total premium income of the Indian life insurance industry stood at ` 3,669.4 bn, registering a growth of 11.8% over the previous year • In FY16, the total direct premium underwritten by the non-life insurers in India stood at ` 963.8 bn as against ` 846.9 bn in FY15, registering a growth of 13.8% • In the mutual funds industry, the average assets under management (AAUM) crossed the ` 12 trillion mark at the end of FY16 The BFSI sector is witnessing a very positive environment on the back of government reforms and high level application of financial technology. The leading companies from the BFSI sector are expected to play a critical role in transforming the nation into a digital economy. Dun & Bradstreet will continue to keep track of various developments in this sector to make this publication a ready reference tool of the BFSI sector.
Naina R Acharya Deputy Leader - Operations Learning & Economic Insights Group Dun & Bradstreet India
VII
VIII
URN No. SPON/2017-17/447
IX
Methodology For the purpose of the publication, ‘India’s Leading BFSI Companies 2017’, the BFSI sector has been divided into the following key segments – banking i.e. scheduled commercial banks (SCBs) based on the RBI enumeration of SCBs as on Mar 2016; companies providing financial services falling under NIC Codes 64, 65 & 66; asset management companies as registered with Association of Mutual Funds in India (AMFI); and insurance companies that are registered with Insurance Regulatory and Development Authority (IRDA), in accordance with the Insurance Act, 1938. Adequate measures are undertaken, such as an advertisement in the ‘All India’ edition of a prominent business daily, to ensure that the publication covers most companies from the BFSI sector from across the country. In addition, emails and social networking was also entailed for reaching out to Dun & Bradstreet India’s in-house database and companies registered with the respective regulatory bodies and industry associations. To ensure that all the information contained in this publication is verified and authenticated, companies that have not responded with financials statements, and/or their information is not available in public domain are excluded. In addition, if the annual reports of companies are not available to Dun & Bradstreet at the time of compiling this publication, then those companies have also been excluded. As a basic selection criterion, companies with a standalone total income of ` 250 mn and above in FY16 are featured in this publication. Further, subsidiaries and associate companies satisfying the eligibility criteria have also been featured. We have also considered additional exclusion criteria of the corporate governance record (with a focus on NBFCs, FIs, Financial Services & Broking Companies) and NBFCs whose certificate of registration was cancelled by RBI (as on 15 Dec 2016) while compiling this publication to arrive at the final list of ‘India’s Leading BFSI Companies 2017’. Audited financial statements considered were for the period July 31, 2015 and June 30, 2016 have been used as the source of information for this publication. The various financial computations are based on Dun & Bradstreet’s methodology and have been explicitly explained in the ‘Definitions and Calculations’ section. For companies where the published financial statement is for a period other than 12 months, the financials are annualized for the sole purpose of shortlisting and profiling. In general, all information used in the publication is from publically available sources. Financials of the companies have been sourced from annual reports or financial statements or regulatory authorities (IRDA, RBI, and AMFI). In case of certain subsidiaries, financials have been procured from annual reports of their respective parent companies. Information pertaining to SCBs has been primarily sourced and compiled from RBI, annual reports (ARs) and websites of banks. Information related to financials and infrastructure of the banks has been taken purely from various publications provided by the RBI and pertains to March 2016. The information pertaining to financial services companies, insurers and AMCs have been sourced and compiled from • Questionnaires circulated and administered by Dun & Bradstreet India; • Data provided by the respective regulatory authority (IRDA and AMFI) through its websites and various publications; • Data available from respective companies’ website and ARs/financial statements, draft red herring prospectuses; • Government of India websites such as Reserve Bank of India, Securities and Exchange Board of India, Economic Survey etc. The total income pertaining to insurance companies has been calculated by taking financials from the annual reports and public disclosures of respective insurers. Other financial information pertaining to insurers has been taken from IRDA’s FY16 AR. The Quarter Ended AAUM pertaining to AMCs has been considered from AMFI while other financial information is taken from their respective ARs/financial statements. The financial information for financial services companies, NBFCs, FIs, broking companies have been taken from ARs/Financial Statements. A standardized format has been used for reporting the information about the companies. The editorial team would appreciate if readers would keep Dun & Bradstreet India regularly updated regarding any changes in their companies, as and when it occurs. Each company featured in the publication has been allotted a unique identification number (D-UN-S® - Data Universal Numbering System). This will help readers locate and obtain full-fledged informative reports on these companies from the Dun & Bradstreet India database. The editorial team is confident that ‘India’s Leading BFSI Companies 2017’ will prove a useful reference tool for information on the BFSI sector. We would be pleased to receive your invaluable feedback and suggestions, which we can incorporate in the next edition. XI
XII
Definitions & Calculations Calculations • Total Advances = Bills purchased & discounted (Short term) + Cash credits, overdrafts & loans (Short term) + Term loans • Total Deposits = Demand Deposits + Savings Bank Deposit + Term Deposits • Total Business = Total Deposits + Total Advances • Net Profit Margin (NPM) = Net Profit/Total Income*100 • Total First Year Premiums (FYP) = FYP + Single Premiums • Total Income for Insurance companies = Premiums earned - net (policy holder’s account) + Income from Investments (policy holder’s account) + other income (policy holder’s account) + income from investments (shareholders account) + other income and miscellaneous receipts (shareholders account)
Data Sources • Total Income for banks taken as per RBI and for other companies as per the ARs/Financial Statements/Public Disclosures • Net Profit/Loss for banks taken as per RBI and for other companies as per the ARs (except for Insurance companies) • Total Deposits, Total Advances, CRAR - Basel III and Net NPA/Net Advances Ratio for banks taken as per RBI • AAUM (Quarter Ended) of asset management companies taken from Association of Mutual Funds in India (AMFI) as per data disclosed by the AMCs - (Excluding Fund of Funds - Domestic but including Fund of Funds – Overseas) + (Fund of Funds – Domestic) • Net Premium Earned, AUM and Solvency Ratio of Life Insurance companies taken as per the data from ARs/Financial Statements/Public Disclosures, FY16 AR of Insurance Regulatory and Development Authority • AUM, Solvency Ratio and Incurred Claims Ratio of Non-life insurance companies taken as per the data from FY16 AR of Insurance Regulatory and Development Authority • Net Premiums Earned of Non-life insurance companies taken as per ARs/Financial Statements/Public Disclosures
XIII
Indian Banking Overview Indian Economic Progress The Indian economy is on the retrieval path, supported by sound government policies and structural reforms. It has played a significant role in withstanding global uncertainties and dynamics of the rest of the world. During 2015, India continued to depict a much smaller Current Account Deficit (CAD) as it experienced large foreign direct investments flows. In fact, India’s CAD was at its lowest level in seven years in the quarter ended March 2016. The international reserves of India have increased by USD 46.7 bn since Mar 2014 to USD 350.4 bn in Dec 2015. Despite better growth prospects, India still faces the risk of high household inflation, fiscal deficits challenges along with risks of low investments flow, commodity cycle reversals, weakness in corporate sector financial positions and deterioration in the bank asset quality. India’s gross domestic product (GDP) stood at 7.6% in FY16 up from 7.2% in the preceding year. The government has pegged the GDP growth rate at 7- 7.75 % for FY17. The up lift for FY17 is expected to come from strong domestic demand, improvement in industrial activity, and an upturn in private investments, infrastructure development and overhaul of the corporate sector and revival of public sector bank balance sheets. Over the past seven years since the 2008-2009 global financial crisis, the Indian banking sector has depicted a distinct performance. As per RBI, the Indian banking industry is sufficiently capitalized and well-regulated. The banking industry consists of public, private, foreign, regional rural and co-operative banks . Nearly 80% of the market share is dominated by public sector banks. Over the years, Indian private sector banks and foreign sector banks have exhibited improvements in their profitability, asset quality, lower credit costs and healthy capital reserves. On the other hand, public sector banks (PSBs) are facing decline in their earnings growth, reduction in profit margins, asset quality deterioration and increase in credit costs.
Credit & Deposit Growth Continued to Remain Sluggish The credit and deposit growth of all SCBs have significantly declined during FY16. This is largely contributed by the overall subdued performance of the public sector banks. Credit growth of all SCBs slowed down to 8.8% in FY16 from 9.7% in FY15. Similarly, the deposit growth rate of all SCBs decelerated to 8.1% in FY16 as compared to 10.7% in FY15. Private and foreign sector banks outpaced public banks as the credit growth amongst the private and foreign sector stood at 24.6% and 11.8% respectively, whereas that of public sector banks displayed a marginal growth of 4% as of March 2016. Deposit growth amongst private and foreign sector banks were marked at 17.3% and 13.3%, public sector banks showed a growth of merely 5.2% for FY16.
XVIII
Trends in Credit and Deposit Growth (y-o-y in %) 20
(in %)
15
10
5
0 FY12
FY13
FY14
Bank Credit growth
FY15
FY16
Aggregate Deposits Growth
Source: RBI data and Dun & Bradstreet Research
Capital to Risk Weighted Asset Ratio for all SCBs improve in FY16 The capital to risk weighted assets ratio (CRAR) of all SCBs marginally increased to 13.2% in FY6 from that of 12.9% in FY15. Across the bank groups’, the public sector and the private sector indicate a slight increase in their CRAR and stood at 11.6% and 15.7% respectively as of March 2016. However foreign sector banks are strengthening their capital base cover and balance sheets and displayed a comparatively better CRAR ratio of 16.5% over the previous year. Overall, SCBs managed their Tier-1 leverage ratio and remained unchanged at 6.8% during FY16. Capital to Risk Weighted Assets Ratio (in %)
Leverage Ratio
25
12
20
10 16.5
15.7 15
8
13.2
11.6
9.9
8.9
6
10
6.8
5.5
4
5
2
0
0 Public Sector Banks Private Sector Banks FY14
Foreign Banks
FY15
Source: RBI data and Dun & Bradstreet Research
All SCBs
Public Sector Banks Private Sector Banks
FY16
FY14
FY15
Foreign Banks
All SCBs
FY16
Asset quality of all SCBs Continued to Deteriorate in FY16 The gross non-performing advances (GNPAs) of public sector banks continued to display the highest level of stressed advances ratio at 14.5 %, compared to private and foreign sector banks that recorded stressed advances ratio at 4.5 %. The GNPAs of all SCBs sharply increased to 7.6% as of March 2016 compared to 4.6% in FY15. The restructured standard advances ratio declined considerably to 3.9% as compared to 6.4% in FY15 for all SCBs. GNPAs largely contributed to the increase in the overall stressed advance ratio to 11.5% for FY16 from 10.9 in FY15. Looking at the y-o-y growth of GNPAs there has been a significant rise across public, private and foreign sector banks in FY16. This is reflected in the sharp 79.7% increase in GNPAs of SCBs during FY16.
XIX
GNPA and Restructured Standard Advances to Total Advances
GNPA growth (y-o-y in %)
16
90 80
14 12
70
4.9
60
(in%)
10
50
3.9
40
8
30
6 4
9.6
2
20
0.3
7.6
1.8
10
4.2
2.7
0 -10
0 Public Sector Bank
Private Sector Banks Foreign Sector Banks
Restructured standard advances to total advances
FY13
FY14
FY15
FY16
-20
All SCBs
Public Sector Bank
GNPA to total advances
Private Sector Bank
Foreign Banks
All SCBs
Source: RBI data and Dun & Bradstreet Research
Amongst the major sectors, the industrial sector showed a steep rise in the GNPA ratio at 11.9%, followed by agriculture, services and retail sectors with GNPA ratio as 6.0%, 5.8% and 1.8% respectively during FY16. Asset quality in major sectors (y-o-y growth %) 15 11.9
(in%)
10 6.0
5.8
5 1.8
0 Agriculture
Industries FY13
FY14
Services FY15
Retail
FY16
Source: RBI data and Dun & Bradstreet Research
Profitability Due to enforcement of balance sheet cleaning activities like risk provisions and write-offs, return on assets (RoA) declined sharply to 0.4% in FY16 from 0.8% in FY15. On similar lines, return on equity reduced to 4.8% in FY16 from 9.3% in FY15.
XX
Trend in Return on Assets (RoA) and Return on Equity (RoE) 1
14
0.9
ROA (%)
0.7
10
0.6
8
0.5
0.4
6
0.3
4
0.2
ROE (%)
12
0.8
2
0.1 0
0 FY13
FY14 RoA
FY15
FY16
RoE (RHS)
Source: RBI data and Dun & Bradstreet Research
Factors Shaping the Indian Banking Industry Untapped Opportunity – size of Indian market for financial services With a population base of ~ 1.3 billion, with ~50% being in the 15-25 age bracket, India is a huge and growing market for financial services. (Source: Census India). Financial Inclusion is the key catalyst for the next phase of growth in the banking sector. It aims at a widespread of financial services to those people and enterprises that still do not have any access to financial sector services. The objective is to promote financial literacy and consumer protection amongst the masses so that they can take correct financial decisions as this will also help in overall economic progress of the country. India possesses immense opportunity for the growth of financial inclusion as the percentage of banking population accounts for only 53.1% as compared to 93.6% in the United States and 98.8% in Germany for 2015. The proportion of adult population with individual bank accounts has gone up from 35% in 2011 to 53% in 2015.
XXI
Growth in number of ATMs and offices across different regions in India Banks are increasingly adding more number of ATMs and branches in the rural, semi-urban areas with the aim for inclusive growth. The total number of ATMs in India has grown from 181,252 in FY15 to 198,952 in FY16 reflecting an approximately 10% growth. As of Mar 2016, ATMs of all SCBs in rural and semi urban areas accounted for 44% of the total ATMS in the country. Looking at the CAGR of the ATMs from 2011-2016, rural areas have witnessed maximum growth of 37% followed by semi-urban areas with 24%, the overall CAGR of all SCBs in India stood at 22%. ATM network by area as on end of March, 2016 40 35
31.8
CAGR (%)
30 25 18.7
20 15 10
15.8
13.2 9.9
5 0
Metro
Urban
Semi-Urban
Rural
Total
Source: RBI data and Dun & Bradstreet Research
The total number of bank offices in India has grown to 132,574 in FY16 compared to 125,863 in FY15. The overall bank branches grew by 5.3% in FY16, with rural areas accounting for the largest share at 38%. Functioning Bank Branches as at the end of March, 2016. 8.0 7.0
CAGR (%)
6.0
7.1
7.3
Semi-Urban
Rural
6.7
6.0 5.2
5.0 4.0 3.0 2.0 1.0 0.0 Metro
Urban
Total
Source: RBI data and Dun & Bradstreet Research
Role of Regulators and the Government - Emergence of Differentiated Banking The Government and regulators play a pivotal role in providing an enabling environment for sustainable growth of the financial sector. The Indian Government’s policy around the financial sector is the focus on financial inclusion. The government has undertaken various initiatives to push financial inclusion, this includes setting up of 25% bank branches in unbanked areas, driving ‘Banking for all’ by 2018 initiative under Pradhan Mantri Jan Dhan Yojana (PMJDY) and granting loans to small business under Micro Units Development & Refinance Agency Ltd (MUDRA) scheme amongst others. Two years back, the government had launched Pradhan Mantri Jan Dhan Yojna (PMJDY), the biggest financial inclusion initiative in the world.
XXII
Accounts opened under Pradhan Mantri Jan Dhan Yojana (PMJDY) as on 17th August, 2016.
in mn Sectors Public Banks
Rural
Urban
Total
No of Rupay Debit Card
105.2
82.7
187.9
152.1
Private Banks Total
No of Accounts With Zero Balance 46.3
5.1
3.3
8.4
7.8
3.1
110.3
86.0
196.3
159.9
49.4
Source: PMJDY report 17th August, 2016
In order to expedite the penetration of financial services in the unbanked regions of India, RBI has created a framework for licensing payment banks/small banks and differentiated banks. These local area banks, payment banks and small banks are expected to meet credit and remittance requirement of the small businesses, unorganized sector, low income households, farmers and migrant workforce. During FY16, in all, 23 new banking licenses were granted which included two universal banks, 11 payment banks and 10 small finance banks. The two universal banks have started their operation during 2015; amongst the small finance banks, Capital Local Area Bank has commenced its operations in April 2016 and others are likely to start their business by Sep 2016. Role of Technology – Digital Banking The last few years have witnessed a transition of banking from a predominantly traditional business to more of a customer focused one. An efficient payment system can be envisaged as the lubricant which speeds up liquidity flow in the economy, thereby creating necessary impetus for economic growth. Customer involvement through the most relevant channels has become of key importance for maximizing customer value and creating newer and more innovative revenue streams for banks. Although some concerns regarding the health of the Indian banking sector prevail, there is a widespread of optimism in the Indian economy. Taking advantage of digital technology and leveraging its potential to transform the banking sector is catching the attention of banking sector leaders. There are enormous opportunities present in the form of internet banking, mobile banking, mobile wallets, cloud computing, information security, and virtualization amongst others, in order to make financial infrastructure smarter, safer and faster. With the new government’s vision for digital India, regulatory moves have positioned Indian banking for digital transformation. Volume (Million)
Year
RTGS
Retail Electronic Clearing (ECS,NEFT,IMPS)
Cards (debit, Credit)
Prepaid Payment Instruments (m-Wallets, PPI cards, Paper Vouchers)
Mobile Banking
2015-16
98.4
3,141.5
10,038.7
748.0
389.5
2014-15
92.8
1,687.4
8,424.0
314.5
171.9
2013-14
81.1
1,108.3
7,219.1
133.6
94.7
2012-13
68.5
694.1
6,174.5
66.9
53.3
2011-12
55.1
512.4
5,731.6
30.6
25.6
Source: RBI data and Dun & Bradstreet Research
Advent of FinTech Ecosystem The Indian banking industry has embarked upon its digital journey and is catching up quickly with its global peers in terms of technology adoption. In recent years, the phrase ‘FinTech’ has gained a lot of buzz in the Indian financial services sector, media, start-ups and entrepreneurial circles. FinTech are technology based companies that enable and/or collaborate with financial institutions to create highly integrated ecosystems that infuse expertise, rich experience, advanced technology to make existing financial systems more efficient and effective. The advent of the FinTech ecosystem in the Indian banking sector has begun to transform the lives of millions; therefore integrating FinTech in the Indian banking architecture has become a top priority for the banks.
XXIII
Some of the new age fintech technologies include following services:1) E-Wallets/ M-wallets
As internet and mobile banking are revolutionizing the banking industry, mobile wallets that hold money digitally have brought about changes in the mode of transactions being carried out in the country. Prepaid Payment Instruments (PPIs) including e-Wallets/ m-Wallets serve as a mode of online payment system, where a registered customer can pre-load a certain amount of money with any service provider, which can be used for various bill payments, movie tickets and recharges, etc.
2) Biometrics
The transition from physical money to e-money has also led to the emergence of safer and risk free management processes. Biometric technologies analyze unique biological traits that differentiate one human being from another, such as fingerprints, the retina or iris or the pattern of an individual’s voice. Few banks in India have installed ATMs that require customer finger print (biometric) instead of debit/credit card & PIN to dispense cash. Adoption of biometrics into the security infrastructure of the banks would safeguard customers from such unforeseen incidents in future.
3) Unified Payment Interface
XXIV
Moving towards the goal of attaining ‘Cashless Economy’, RBI has partnered with National Payments Corporation of India (NPCI) and launched Unified Payment Interface (UPI) on 26th Aug, 2016. It is a mobile payment solution, where customers can instantly transfer funds to different bank accounts without having to share sensitive information like bank account numbers during the transaction. Currently, 21 banks have joined the new payment solution. More banks are expected to join UPI app platform.
4) Peer 2 Peer Lending
P2P lending is a form of crowd funding activity where small amounts of money are raised through a large number of people. It will serve as an online platform that matches lenders with the borrowers in order to provide unsecured loans. A fee is charged to both the parties and the fee collected is for services provided like collecting loan repayment and doing preliminary assessment on the trustworthiness of the borrower. During 2015, there were around 20 online P2P lending companies and approximately 30 start-ups in the space of P2P lending in India.
5) Bitcoin
Bitcoin is a type of virtual currency in which crypto technology is used to regulate generation and management of units of currency. Being a decentralized currency, the fund transfers promise opportunities in reducing cost and fasten the speed of transactions.
6) Blockchain
Blockchain is a distributed ledger technology (DLT) where all bitcoin transactions executed are registered. It thus provides insights about facts like how much value belonged to a particular address at any point in the past.
XXV
Non-Banking Financial Companies The Non-Banking Financial companies (NBFCs) sector forms an integral part of the Indian financial system. The sector plays a vital role in India’s economic growth and development. It aids in boosting ‘Financial Inclusion’ initiative by lending services to the unbanked population in rural/ semi-rural or few urban areas, also provide services to the Micro, Small and Medium Enterprises (MSMEs) segment. They provide product and services such as personal loans, housing loan, gold loan, insurance and loan for purchasing commercial vehicles, machinery, and farm equipment amongst others. NBFCs ability to understand their customer profile, their credit portfolio and deliver on customised products and services makes them as one of the fastest growing sectors providing innovation in financial products. Although, few of the products and services provided by NBFCs are similar to those of banks, NBFCs are still at a disadvantage in comparison. As they work under certain regulatory constraints which restrict their business portfolio. In the time, when now all banks are forced to clean up their balance sheets especially in terms of lending activities, the role of NBFCs becomes more important as the push towards entrepreneurship is increasing creating further job opportunities. Thus, there is a need for uniform regulations, practices and level playing field for NBFCs in India. In order to capitalise on their full potential with greater efficiency there is need to address the framework of this sector in order to meet ever growing financing need of the economy. NBFCs are rapidly gaining importance as financial intermediary in the retail finance. Their contribution to the economy has significantly improved standing at 13% as on FY15. The growth is driven not only by the traditional NBFC products like commercial vehicle financing but also in the areas of loans financing like personal and housing etc. The success of the sector is attributed to the cost efficiency, bad debt control, customised products and better customer services. Along with on-going stress in the public sector banks due to mounting debts, the lending potential of the banks are going to deteriorate further, thereby providing opportunity for NBFCs to increase their reach.
XXVIII
The number of NBFCs registered with the RBI continues to decline The total number of NBFCs registered with RBI is witnessing marginal decline ~3% over the years. As of March 31, 2016, there were 11,682 NBFCs whereas in Mar 2015 the count was 11,842 as compared to that in Mar 2014 number of NBFCs was 12,029. The decline in the numbers is the result of consolidation in the sector and largely because of cancellation of Certificates of Registration (CoR). As on Jan 01, 2017 there were 2,903 list of NBFCs cancelled with RBI. Of the 11,682 NBFCs, 202 are deposit accepting in nature (NBFC-D) and 11,480 are non-deposit accepting NBFCs (NBFCs –ND). There are 220 systematically important non deposit accepting NBFCs (NBFCs-ND-SI). Category NBFCs
As on Sep 31, 2016
As on March 31, 2016
As on March 31, 2015
As on March 31, 2014
11,555
11,682
11,842
12,029
188
202
220
241
11,367
11,480
11,622
11,788
220
220
200
NA
NBFCs-D NBFCs-ND NBFCs-ND-SI
Ownership pattern of NBFCs (No. of Companies) NBFCs are broadly classified under categories based on their liability structure – deposit taking (NBFC-D), Non-deposit taking (NBFC-ND) and systematically important non-deposit taking (NBFC-ND-SI) which are subjected to stringent norms and provisioning requirements. Following is the ownership pattern of NBFC-D and NBFC-ND-SI Ownership Government Companies
2015 NBFCs-D
2016 NBFCs-D
2015 NBFCs-ND-SI
2016 NBFCs-ND-SI
7
5
10
16
Non-Government Companies
211
194
190
193
Public limited Companies
209
188
105
105
2
6
85
88
220
199
200
209
Private Limited Companies Total No. of Companies
Financial Performance of the NBFC sector The financial performance of the NBFC sector has remained largely unchanged for past two years. The aggregate balance sheet of the sector is expanded by 15.5 % in FY16 on a y-o-y basis as compared to that of 15.7 % in March 2015. NBFCs as a sector managed to maintain its borrowings levels, as the total borrowings increased by 15.3% in FY16 as compared to that of 16.9% in FY15. Whereas, loans and advances increased by 16.6% in FY16 from growth of 17.1% in FY15. Net profit as a percentage to total income displayed similar performance at 18.3% for FY16 as well as FY15. Return on Assets (RoA) also showed similar performance of 2.2% for both FY15 and FY16. Return on Equity (RoE) increased marginally to 10.6% in FY16 from 10.3% in FY15. Consolidated Balance Sheet of NBFC sector (YoY growth in %) Particulars Total Borrowings Current Liabilities & provisions Loans & Advances
Mar 31, 2015
Mar 31, 2016
16.9
15.3
4.1
31.8
17.1
16.6
Investments
11.5
10.8
Total Income
15.3
15.8
Total Expenditure
15.5
15.8
Net Profit
15.0
15.6
Balance sheet performance of NBFCs-D NBFCs-D regulations are tightened so as to allow only sound and well-functioning companies accept public deposits. The balance sheet expanded by 29.2 % in FY16. Loans & advances, which account for 90% of the asset side registered significant growth of 33.1% increased to 2,117 bn from 1,590 bn in FY15. Investment activities also rose by 24% from 69 bn to 85 bn
XXIX
in FY16. Banks are the major source of funds for NBFCs-D increased to 659 bn approx. 19.3% growth from 552 bn in FY15. Debentures being the second major source of funding, witnessed a hike of 38.6% during FY16 grew from 389 bn to 539 bn in FY16. Total income recorded a growth of 26.8% over FY15. Balance sheet performance of NBFCs-ND-SI The balance sheet of NBFCs-ND-SI grew by 10.6% in FY16. Loans & Advances grew by 12.5% from 9,516 bn to 10,709 bn over FY15. Total borrowings grew by 9.8% from 9,411 to 10,335 in FY16. During FY16, funds were mainly raised through debentures, borrowings from banks and commercial papers. Investments displayed marginal growth of 0.5% in FY16. Asset quality & capital Adequacy The NBFC sector registered a credit growth of 15.5% in FY16. The quality of assets of the sector continued to deteriorate since 2012. However, the NPAs of NBFCs are lower than that of the banks. Gross NPA to Gross Advances Ratio 9
8.4
8
Percentage
7 6 4.8
5 4 3
2.9
3.1
3.3
3.9 3.2
3.8
4.5
4.1
2 1 0 2012
2013
2014 NBFCs
2015
2016
Banks
Source: RBI, Dun and Bradstreet Research
The CRAR of the NBFC sector for FY16 remained well above the regulatory guidelines having minimum requirement of 15% of their risk weighted assets. GNPAs of the NBFC sector for FY16 as a percentage of total advances stood at 4.5% from that of 5.1% in Sep’15. NNPAs as a percentage of total advances displayed similar performance for FY15 & FY16 and stood at 2.5%. Asset Quality (In %) 9 8 7 6 5 4 3 2 1 0 Mar-13
Sep-13
Mar-14
Sep-14
Mar-15
Sep-15
Asset Quality (in %) NNPA to Total Advances Asset Quality (in %) GNPA to Total Advances
XXX
Mar-16
Sep-16
Exposure to NBFCs The three most dominant sectors in the Indian financial system are Schedule Commercial Banks (SCBs) followed by Insurance companies and Asset Management Companies (AMCs – Mutual Funds). These three sectors constitute to more than 80% of the financial system. While SCBs were the largest gross receivers of the funds, NBFCs were the largest net receivers of the funds from rest of the financial system as of March 31, 2016. Exposure of SCBs, AMC-MFs and insurance companies to NBFCs. Particulars
Mar 31, 2012
Mar 31, 2013
Mar 31, 2014
Mar 31, 2015
Mar 31, 2016
1,513
1,453
1,516
1,595
2,029
AMC – MFs
425
624
756
1008
1,489
Insurance Companies
780
880
965
1080
1,038
SCBs
NBFC – Account Aggregator As all the financial assets of the individuals like bank deposits, mutual funds, fixed deposits and insurance policies etc., are held under purview of different financial regulators, entities get a distributed view of their financial assets. For this purpose, NBFC – Account Aggregator will provide consolidated information of all the accounts held by the customer in organised manner. The draft was issued by RBI in March 2016. Following are the guidelines for the business of the account aggregator – •
It will not support any transactions in financial assets by the customer.
•
It will not undertake any business other than that of account aggregation.
•
Pricing of the services will be as per board approved policy.
•
Proper documentation of agreements/ authorisation will be ensured between the aggregator, customer and financial service provider.
•
The information will only be shared with the customer or any other person authorised by the customer.
•
Terms and conditions of the license will be applicable for customer protection, grievance, redressal, data security, audit control, corporate governance and risk management.
Regulatory requirements for the NBFC sector The NBFC sector plays a significant role in our financial system as it mirrors few of the banking operations which are critical in bearing the financial stability of the country. According to the Department of Non-Banking Regulation (DNBR) 2015-16, the aim of the DNBR was harmonisation of the regulation across NBFCs and banks in order to stream line the processes. During the year, few of the steps undertaken include early recognition of financial stress; speedy moves for resolution and recovery for lenders; guidelines in formulation of Joint Lenders’ Forum (JLF) and corrective action plan (CAP); assessing risk weights assigned to exposures to central/ state government/s and claims guaranteed by state government; refinancing of project loans; strategic debt restructuring; risk weights to investments in the corporate bonds. The process for issuing CoR was also simplified and rationalised; documents to be submitted were reduced from 45 to eight. Further, NBFCs were divided into two groups Type I & II, the type I NBFC does not accept public funds and do not have customer interface. Conclusion New age digital customers and rapid technological innovations have changed the face of businesses are conducted today. To have competitive advantage NBFCs need to leverage on the new avenues of customer interaction. In order to deliver differentiated customer experience, NBFCs can leverage on partnerships with other companies. Use of technologies like big data analytics, can help create synergies between the product – customer requirement, analyse customer portfolio etc. Social media engagement, this helps to attract larger customer base, proactive end to end visibility to customer, faster leads generation etc. Going forward, with the government’s initiatives like ‘Make in India’, ‘Start up India’, ‘Digital India’ amongst others is expected to boost development in India. NBFCs are likely to benefit from underlying trends and developments in the Indian market. As the traditional banks already under stress; NBFCs would be of vital importance and can fill the necessary credit demand gap. The NBFCs therefore need to be well integrated in the financial system to match the growing needs of the economy. Furthermore, the Indian consumer is increasingly adapting to the digital technology in day to day life. Thus, NBFCs need to rethink on their strategies to enhance their product portfolio, process and customer experience. Additionally, they need to leverage on digital data for better credit decisions and social media to serve customers better etc. We hope that the forthcoming changes will further strengthen the robustness of the NBFC sector.
XXXI
Global Securities Market The global macro-economic factors play a vital role in determining the path of the securities market across all the countries. In the current extremely interconnected world, the butterfly effect is visible every day. The performances of stock markets are heavily interlinked to the performances of the listed companies and business expectations which are in turn linked to the economy. Therefore, it is vital to take look at the outlook for the major economic regions to understand and predict the performance of stock markets. The real GDP growth of the world in 2016 is estimated to be 2.3%, compared to 2.7% in 2014 and 2015 (World Bank). 2016 witnessed a series of high intensity events in different regions that had an adverse impact across the globe. Uncertainty over the health of leading European banks, low oil price, Brexit, political instability, slowdown in China, and slow pace of US recovery are some of the major events that had a negative impact on businesses. The dark shadows of the great recession in 2008 and 2009 are yet to be fully lifted and are expected to linger in 2017 as well. However, the growth in 2017 is expected to come from government programs and monetary policies aimed to increase the aggregate demand. Therefore, the performances of stock exchanges worldwide are expected to be mildly positive. The outlook on major economic regions are provided below: Outlook 2017 USA The new administration in US is expected to usher in new changes aimed to boost the economy at the earliest. The major expected fiscal stimulus measures, reduction in tax rate, restructuring tax rate, and increase in infrastructure spending. These measures are aimed to increase the income of its citizens and incentivize American companies to manufacture locally. This development would also aid in the much needed – creation of jobs. Therefore, the outlook on US is mildly favorable. EUROZONE In June 2014, the ECB adopted negative interest rates, becoming world’s first major central bank to take such a measure. The introduction of negative interest rates is a monetary policy tool aimed increasing the aggregate demand by reducing the cost of borrowing. The continuation of this monetary policy has not yielded the desired growth expected in the region. This can be attributed to the lack of optimistic outlook held by businesses and weak consumer demand. In March 2015, the Quantitative Easing (QE) program undertaken by the ECB to increase money supply. In December 2016, the ECB announced that it would be curtail its QE post March 2017 to 60 million euros from the current 80 million euros per month till December 2017. The QE program was unsuccessful in achieving its desired growth and inflation target objectives. In addition to the unsuccessful results/less than desired results from the monetary policies undertaken by ECB, weak demand, high unemployment, and terrorism continue to plague the European region. Therefore, the region is expected to have a less favorable outlook.
XXXIV
UK US Dollar per 1 British Pound Graph
Feb 2016
June 2016
Dec 2016
Source: X-Rates
UK’s decision to exit the European Union in June 2016 is expected to witness adverse effects in 2017. Declines in FDI and loss of tariff free access to the EU market are expected to weigh heavily on the UK economy. These developments are expected to trigger a further currency devaluation of the sterling which would raise the price of imports and hurt consumers in the form of higher prices. This would hurt the GDP of UK as 65% of its GDP basket is comprised of consumer spending. Therefore, UK is expected to register mild growth in 2017. ASIA The process of excess credit creation and over leveraging has deeply hurt the Asian economies. In June 2016, China’s total debt was registered at 250% of GDP (Guardian) and for the same period the Indian government’s debt was registered at ~70% of GDP (Fitch Ratings). Japan, Singapore, South Korea, Malaysia, and Hong Kong are some of other Asian countries with high debt. This development has put immense pressure on these countries to service debt and it increases their country risk. Thus, reducing their attractiveness to foreign investors and attracting new capital. However, high consumer demand, increasing purchasing power, positive sentiments, and introduction of government schemes aimed to boost aggregate demand are major growth drivers form the region. Therefore, 2017 Asian outlook is moderately favorable. US based NYSE continued to dominate its leadership in terms of market capitalization amongst stock exchanges Top 15 Exchanges in terms of market capitalization in 2014 and 2015 Rank 1
Exchange NYSE
2015
2014
17,787
19,351
2
Nasdaq - US
7,281
6,979
3
Japan Exchange Group
4,895
4,378
4
Shanghai Stock Exchange
4,549
3,933
5
Shenzhen Stock Exchange
3,639
2,072
6
Euronext
3,306
3,319
7
Hong Kong Exchanges and Clearing
3,185
3,233
8
Deutsche Börse AG
1,716
1,739
9
TMX Group
1,592
2,094
10
SIX Swiss Exchange
1,519
1,495
11
BSE India Limited
1,516
1,558
12
National Stock Exchange of India Limited
1,485
1,521
13
Nasdaq Nordic Exchanges
1,268
1,197
14
Korea Exchange
1,231
1,213
15
Australian Securities Exchange
1,187
1,289
Source: World Federation of Exchanges Note: Market Capitalization figures provided above are denoted in USD billion
XXXV
In terms of market capitalization, stock exchanges from the US continued to dominate the list followed by stock exchanges from Japan and China. NYSE and NASDAQ collectively accounted for 39.1% of the global market capitalization of stock exchanges. The dominance of the American exchanges can be attributed to the long existence of these exchange houses, large number of companies listed in them, increasing number of foreign companies getting listed in them, and strong global interest in securities in these exchanges. The top 15 exchanges collectively account for ~87.5% of the global market capitalization. Indian exchanges BSE India Limited and National Stock Exchange of India Limited ranked 11 and 12 respectively. India’s BSE India Limited houses the highest number of companies globally Top 10 exchanges with the highest number of listed companies in 2015 Rank 1
Exchanges BSE India Limited
Country
No.of Companies
India
5,836
2
BME Spanish Exchanges
3
TMX Group
Spain
3,651
Canada
3,559
4
Japan Exchange Group
5
Nasdaq - US
Japan
3,513
US
2,859
6
Intercontinental Exchange Inc. | NYSE
US
2,424
7
Australian Securities Exchange
AUS
2,108
8
Korea Exchange
Korea
1,961
9
Hong Kong Exchanges and Clearing
HKG
1,866
10
National Stock Exchange of India Limited
India
1,794
Source: World Federation of Exchanges
In terms of the volume of listed companies, the top 10 exchanges house 29,571 companies commanding ~64.7% of the global volume in 2015. The highest number of listed companies were registered with BSE India Limited (5836), followed by BME Spanish Exchanges (3,651), and TMX Group (3,559). The other Indian exchange house National Stock Exchange of India Limited ranked 10th having 1,794 companies registered. American exchanges NYSE and NASDAQ have 2,424 and 2,859 companies respectively. In comparison the BSE India Limited houses almost double the number the number of companies listed in these American exchanges individually. However, the market capitalization of BSE is 8.5% of NYSE and 20.8% of NASDAQ. The stark difference in market capitalization to number of companies of these exchanges brings to light the higher value of securities traded in the American stock exchanges. The Americas region continues to dominate the global market capitalization Equity market capitalization by Region H2 2015
H1 2016
Growth
Americas
27,943
29,143
4.3%
Asia Pacific
24,574
23,250
-5.4%
EMEA
15,510
14,829
-4.4%
Total
68,028
67,223
-1.2%
Source: World Federation of Exchanges Note: Market Capitalization figures provided above are denoted in USD billion H1: January-June, H2: July-December
The Americas region continued to dominate the global market capitalization scenario. The dominance can be attributed to the presence of three of the world’s largest stock exchanges in the region, NYSE, NASDAQ, and TMX Group. Collectively these exchanges house 8,842 companies and have a combined market capitalization of USD 26.7 trillion in 2015. The de growth registered in the Asia Pacific region and globally can be attributed to the slowdown in trading activity in the Asia Pacific region. In early 2016, the Chinese stock markets faced major hiccups as their circuit breakers kicked in the early hours halting trading for long periods. In addition, the devaluation of yuan and increase in government control has continued to hurt the market performance. XXXVI
Domestic Securities Market Current Scenario of Indian Securities Market FY16 was not a very good year for the global economy. The economic slowdown in China, the European crisis, weak global trade and prospects of an interest rate hike by the Federal Reserve led to risk concerns and volatility, thereby weighing down on economic growth. Consequently, emerging economies were impacted by these global cues. Likewise, the Indian equity markets also remained largely subdued during the year, having been influenced by reactions to weak quarterly earnings, falling crude prices and mounting non-performing assets (NPAs) of banks. In FY16, the primary securities market showed decent growth, as reflected in the healthy rise in resource mobilisation by the corporate sector. Resources raised via private placement of debt were at record levels during the year. Funds raised through preferential allotments doubled as compared y-o-y. IPOs that opened during the year also received an overwhelming response. On the other hand, the secondary markets - the equity and foreign exchange markets in particular - were most affected by global spill-overs and fluctuations in global financial asset prices and portfolio flows. The global commodity slump forced Foreign Institutional Investors (FIIs) to reduce exposure to emerging markets, resulting in the portfolio investments by FIIs reflecting net outflows for the first time since FY09. Nevertheless, India is still considered to be a bright spot among its emerging market peers, with the International Monetary Fund (IMF) and the World Bank having been appreciative of India’s growth story.
I. Primary Market Trends Overall resource mobilisation by corporates rises by 20.8% in FY16 In FY16, the cumulative value of overall resource mobilisation by the Indian corporate sector (public & rights issues, QIP, preferential allotments and private placement of corporate debt all taken together) stood at ` 5,807.5 bn. This translates into a 20.8% growth as compared to a year ago. Resource mobilisation through public and rights issues more than doubles in FY16 During the year, 108 companies accessed the primary market and raised ` 581.7 bn via 95 public and 13 rights issues. The funds raised thus were more than twice the ` 192 bn raised in FY15 by 88 companies through 70 public and 18 rights issues in FY15.
XXXVII
The cumulative resource mobilisation in equities (public and rights issues) in FY16 stood at ` 240.6 bn from 87 issues. This was more than twice the ` 97.9 bn raised in FY15 via 64 issues. Of the total resource mobilisation comprising equity and debt, the share of public issues increased to 84.1% in FY16 from 64.8% in FY15. On the other hand, the share of rights issues contracted to 15.9% from 35.2% in FY15. The share of debt issues in the aforementioned component of resource mobilisation stood at 58.6%. Resource Mobilisation (all amounts in ` bn) Particulars 1. Public Issues (i+ii)
FY12 Nos
FY13 Amt
Nos
FY14 Amt
Nos
FY15 Amt
Nos
FY16 Amt
Nos
Amt
55
461.1
53
235.1
75
510.8
70
124.5
95
489.3
35
104.8
33
65.3
40
86.9
46
30.4
74
148.2
34
59.0
33
65.3
38
12.4
46
30.4
74
148.2
of which through SME platform
0
0.0
24
2.4
37
3.2
39
2.8
50
3.8
FPOs
1
45.8
0
0.0
2
74.6
0
0.0
0
0.0
20
356.1
20
169.8
35
423.8
24
94.1
21
341.1
16
23.8
16
89.5
15
45.8
18
67.5
13
92.4
51
128.6
49
154.8
55
132.7
64
97.9
87
240.6
A. Total Equity & Bond (1+2)
71
484.9
69
324.6
90
556.5
88
192.0
108
581.7
B. QIP
16
21.6
45
160.0
17
136.6
51
291.0
24
145.9
311
257.1
420
469.4
411
464.6
419
282.6
333
499.2
1,953
2,612.8
2,489
3,614.6
1,924
2,760.5
2,611
4,041.4
2,975
4,580.7
i. Public Issues (Equity/PCD/FCD) IPOs
ii. Public Issues (Bond / NCD) 2. Rights Issue Total Equity Issues (1(i) + 2)
C. Preferential Allotments D. Private Placement of Corporate Debt Total (A + B + C + D)
3,376.4
4,568.6
3,918.3
4,807.0
5,807.5
Source: SEBI, Dun & Bradstreet Research
IPOs receive overwhelming response in FY16 FY16 witnessed 74 IPOs to raise ` 148.2 bn, as against merely 46 to raise ` 30.4 bn in FY15. Of these 74 IPOs, 50 were listed on the SME platform. The non-SME IPOs that opened during the year received a massive response. Of the 24 such IPOs that were issued during the year, seven were oversubscribed more than 20 times, three were oversubscribed 30-40 times, while one was oversubscribed a whopping 70-80 times. In FY13, SEBI had permitted the setting up of separate dedicated platforms for the listing and trading of SME securities, in order to provide an impetus to the SME sector. Although the quantum of capital raised through the SME platforms is still minuscule, the number of issues has been steadily increasing. Private placement accounts for 78.9% of overall resource mobilisation in FY16 In FY16, the private placement of corporate debt accounted for a whopping 78.9% of the overall resource mobilisation by Indian corporates (equity, bonds, QIP, preferential allotments and private placement of corporate debt taken together). The funds raised by private placement increased by 13.3% during the year to an all-time high of ` 4,580.7 bn. In terms of numbers, 2,975 issuances were made in FY16 as compared to 2,611 in the preceding year. Private placement of corporate bonds is a mode of resource mobilisation that has been increasingly used by corporate entities in recent years. These funds are raised mainly for expansion of business plans and to support working capital requirements.
XXXVIII
Resource mobilisation through preferential allotment jumps 76.6% In FY16, the number of preferential issues decreased to 333 from 419 a year ago. However, the quantum of resources mobilised through this mode jumped from ` 282.6 bn in FY15 to ` 499.2 bn, which translates to a sharp 76.6% rise. Resource mobilisation through QIP halves in FY16 In FY16, the resource mobilisation through the qualified institutional placement (QIP) mode halved as compared to the preceding year. Corporates raised ` 145.9 bn via 24 issues in FY16, as against ` 291 bn raised via 51 issues in FY15. Public sector accounts for 53.5% of resource mobilisation in FY16 As per data furnished by SEBI, there were 11 public sector issues and 97 private sector issues in the primary market in FY16, as against three public sector issues and 85 private sector issues in FY15. However, although the number of issues of the public sector is significantly smaller, its share in funds raised was as high as 53.5% during the year. This was significantly higher than its 12.7% share in FY15. During the year, the resources mobilised by the public sector increased multi-fold from ` 24.5 bn in FY15 to a much higher ` 311 bn in FY16. Sector-wise Resource Mobilisation (%)
Source: SEBI, Dun & Bradstreet Research
Banks/FIs/finance sector’s share in resource mobilisation contracts Industry-wise classification for FY16 showed that the banks/FIs/finance sector retained a lion’s share in the overall resource mobilisation for equities. The funds raised by the sector increased from ` 106.4 bn in FY15 to ` 189.9 bn in FY16, reflecting a handsome 78.4% growth. However, the sector’s share in overall resource mobilisation contracted from 55.4% in FY15 to 32.6% in FY16. There were a few sectors which raised little to zero funds in FY15 that raised a substantial quantum of funds in FY16. The most noteworthy among these were the automobile sector which raised ` 79.1 bn (13.6% share), the health & pharmaceutical sector which raised ` 40.5 bn (7%) the aviation sector which raised ` 30.1 bn (5.2%) and the power sector which raised ` 21 bn (3.6%).
XXXIX
Industry-wise Resource Mobilisation Industry
FY15 No. of issues
FY16
Amount (` bn)
No. of issues
Percentage share in total amount
Amount (` bn)
FY15
FY16
Airlines
0
0.0
1
30.1
0.0
5.2
Automobile
0
0.0
4
79.1
0.0
13.6
Banks / FIs / Finance
36
106.4
23
189.9
55.4
32.6
Cement & Construction
5
6.2
4
1.7
3.2
0.3
Chemical
2
3.6
4
11.8
1.9
2.0
Consumer Services
2
15.9
1
4.2
8.3
0.7
Electrical Equipment / Production
3
24.8
4
0.8
12.9
0.1
Engineering
0
0.0
2
3.7
0.0
0.6
Electronics
1
0.3
0
0.0
0.2
0.0
Entertainment
6
8.8
2
0.2
4.6
0.0
Food Processing
2
0.3
2
7.0
0.1
1.2
Healthcare & Pharmaceuticals
1
0.3
8
40.5
0.1
7.0
Hotels
1
10.0
3
11.5
5.2
2.0
Information Technology
3
1.4
6
9.2
0.7
1.6
Power
0
0.0
3
21.0
0.0
3.6
Roads & Highways
2
7.2
6
31.1
3.8
5.4
Telecommunication
1
1.8
0
0.0
0.9
0.0
Textile
5
4.1
6
1.0
2.1
0.2
Miscellaneous
18
1.1
29
138.8
0.6
23.9
Total
88
192.0
108
581.7
100.0
100.0
Source: SEBI, Dun & Bradstreet Research
II. Secondary Market Trends During FY16, the Indian equity markets remained subdued due to turmoil in the global equity markets. Among the factors that weighed down on the markets were the economic slowdown in China, the Brexit, crisis in the Eurozone, the slump in global commodity prices, weakening global trade and prospects of an interest rate hike by the Federal Reserve. As on March 31, 2016, the benchmark indices, namely S&P BSE Sensex (Sensex) and Nifty 50 (Nifty) reflected a decline of 9.4% and 8.9%, respectively, as compared to March 31, 2015. The Sensex closed at 25,342 points as on March 31, 2016 as compared to 27,957 points as on March 31, 2015. Likewise, the Nifty closed at 7,738 points on March 31, 2016 as compared to 8,491 points as on the corresponding date a year ago. This was the first time since FY12 that both benchmark indices had reflected a decline. Nevertheless, both indices showed a decent growth over a five year period. Between FY12 and FY16, the Sensex and the Nifty rose by a CAGR of 9.8% and 10.2% per annum, respectively. Five Year Performance of Key Indices
Source: SEBI, Dun & Bradstreet Research
XL
The average market capitalisation at the BSE in FY16 stood at ` 94.8 bn, about 6.6% lower than in FY15. Likewise, the market capitalisation at the NSE decreased by 6.2% to ` 93.1 bn. Over a five year period, however, both indices reflected a growth of more than 11% per annum between FY12 and FY16, reflecting the rapid growth of the Indian equity markets over the years. Market Capitalisation (FY12 - FY16)
101,493
120,000 100,000 80,000
99,301
94,753
74,153 62,149
93,105
72,777 60,965
53,486
60,000
52,323
40,000 20,000 0
BSE Sensex
NSE Nifty 50 FY12
FY13
FY14
FY15
FY16
Source: SEBI, Dun & Bradstreet Research
As per data furnished by SEBI, the market capitalisation-to-GDP ratio, which monitors the growth and development of the stock market in tandem with the economy, contracted with respect to the BSE from 96.2% in FY15 to 88.4% in FY16, and with respect to the NSE from 94.1% in FY15 to 86.6% in FY16. Nonetheless, these were much higher than the 70% levels recorded in FY12. The price-to-earnings ratio (P/E ratio), which is an indicator of the valuation of the shares, remained stable till July 2015, but entered a downward spiral thereafter. This was in tandem with the global turmoil that took place. The Sensex and the Nifty both touched their lowest P/E ratio levels in February 2016, before bouncing back in the following month. As on March 31, 2016, the P/E ratio of the Sensex and the Nifty stood at 18.6 and 20.9 times, respectively, as compared to 19.5 and 22.7 times, respectively as on March 31, 2015. Market Capitalisation to GDP (%)
Price to Earnings Ratio (times)
Source: BSE, NSE, Dun & Bradstreet Research Note: 1. Data for FY12, FY13, FY14 and FY15 revised with consideration to new series estimates for GDP (at 2011-12 prices) 2. For FY16, Advance Estimates of GDP at constant (2011-12 Prices) are considered 3. For FY16, turnover figures pertain to the period Apr 15-Dec 15, and Market capitalisation figures are as on December 31, 2015
XLI
III. Derivatives Market Segment The popularity of the derivatives market has grown by leaps and bounds in India over the past few years. Apart from registering a multi-fold increase in volumes, the market has also grown in terms of number of contracts traded, the traded value, and the number of products traded. As a matter of fact, the turnover in the derivatives market has even gone on to surpass the cash segment. Total Trading Turnover in Cash & Derivatives Markets between FY12 and FY16 (` trillion) BSE Cash
Derivatives
NSE Total
Cash
Derivatives
Total
FY12
6.7
8.1
14.8
28.1
313.5
341.6
FY13
5.5
71.6
77.1
27.1
315.3
342.4
FY14
5.2
92.2
97.4
28.1
382.1
410.2
FY15
8.5
203.6
212.2
43.3
556.1
599.4
FY16
7.4
44.8
52.2
42.4
648.2
690.6
Source: BSE, NSE, Dun & Bradstreet Research
Between FY12 and FY14, the total turnover (cash and derivatives) on the BSE reflected a multi-fold growth, from merely ` 14.8 trillion in FY12 to ` 212.2 trillion in FY15. In FY16, however, the total turnover declined to a 4-year low of ` 52.2 trillion. On the other hand, the NSE sustained its growth momentum, increasing from ` 341.6 trillion in FY12 to a huge ` 690.6 trillion in FY16, at a CAGR of 19.2%. This growth was exclusively due to the derivatives segment. Trading turnover at NSE grows by 15.2% in FY16, BSE records steep decline In FY16, the total trading turnover (cash and derivatives) on the NSE grew by 15.2% from ` 599.4 trillion in FY15 to ` 690.6 trillion in FY16. This growth was spurred by a 16.6% growth in the trading volumes of its derivatives segment during the year. In contrast, The BSE’s trading turnover plunged by 75.4% in FY16 to ` 52.2 trillion, The BSE’s derivatives segment, in particular, recorded a steep 78% fall in its trading turnover from ` 203.6 trillion in FY15 to a much lower ` 44.8 trillion in FY16. The fall can be attributed to investors’ preference towards the NSE with respect to trading of derivatives. Index options account for a lion’s share among the derivative products traded in the Indian derivatives market. In FY16, they accounted for 98% of the total derivatives segment turnover on the BSE and 75.5% on the NSE. Besides index option, the other derivative products that are traded on the NSE are single stock futures (12.1%), index futures (7%) and single stock options (5.4%). In the index derivatives segment at NSE, derivatives are offered on various indices including the Nifty, Nifty Midcap 50, Nifty Bank, Nifty Infra, Nifty IT, Nifty PSE and also in foreign indices such as the Dow Jones, S&P 500 and UK FTSE 100.
IV. Net Investments Sustained capital inflows are crucial for any economy in order to meet its financing needs. Certain policy initiatives were introduced in the Union Budget FY16 aimed at projecting India as an attractive investment destination. Under the Foreign Portfolio Investor (FPI) Regime, the erstwhile FIIs, sub accounts and QFIs were merged into a new investor class termed as Foreign Portfolio Investors (FPIs) with effect from June 2014. FPI investments plunge in FY16 In FY16, the net investment of FPIs in the equity and debt markets taken together turned negative for the first time since FY09. During the year, India witnessed net outflow of FPI investments to the tune of ` 181.8 bn, as against net inflows of ` 2,774.6 bn in FY15. The outflow of FPIs was seen in both, the equity as well as debt segments, the first time such an event had occurred since 1992. Although the announcement of an increase in FPI limits in debt securities spurred some degree of buoyancy in the market in the first half of the year, the market continued to lose some of its gains after October 2015, owing to fresh concerns about global cues, as well as some domestic concerns.
XLII
Segment-wise Net Investment by FPIs (` bn) Year
Net Investment by FPIs Equity
Debt
Total
FY12
437.4
499.9
937.3
FY13
1,400.3
283.3
1,683.7
FY14
797.1
(280.6)
516.5
FY15
1,113.3
1,661.3
2,774.6
FY16
(141.7)
(40.0)
(181.8)
Source: BSE, NSE, Dun & Bradstreet Research
FPI Net Investment
Source: SEBI, Dun & Bradstreet Research
V. Mutual Funds The mutual fund industry is one the fastest growing and most competitive segments of the Indian securities market. It plays a vital role in channelizing household savings in the capital market. During FY16, the regulatory reforms undertaken by SEBI with respect to mutual funds include the introduction of mandatory stress testing of liquid fund and money market mutual fund (MMMF) schemes, modification of product labelling in mutual funds, relaxation of restrictions on managing/ advising of offshore pooled funds by domestic fund managers, tightening of exposure limits on investments by mutual funds, and enhancement of scheme-related disclosures. Mutual funds invest Rs 661.4 bn in equity markets in FY16 Mutual funds play an important role in channelizing household savings in capital markets. In FY16, mutual funds recorded a net investment of Rs 661.4 bn in the equity markets. This was 62.4% higher than a year ago, when mutual funds made a net purchase of Rs 407.2 bn in the equity markets. This was the second year in a row where mutual funds had recorded a net purchase in the equity markets, after five years of net selling. In contrast, however, mutual funds’ net purchases in debt declined from Rs 5,870.2 bn in FY15 to Rs 3,762.9 bn in FY16, reflecting a sharp 35.9% decline. With debt accounting for around 85-90% of the aggregate net investment of mutual funds in the stock exchanges, this resulted in a decline in the combined net investments as well. Accordingly, the quantum of combined net investment by mutual funds in both equity and debt taken together reflected a decline in FY16. In FY16, mutual funds executed net purchases/sales (equity + debt) to the tune of Rs 4,424.4 bn, as against Rs 6,277.4 bn executed a year ago. This translates into a 29.5% decline as compared to the preceding year.
XLIII
Investments by Mutual Funds (In ` bn)
Source: SEBI, Dun & Bradstreet Research
Resource mobilisation by mutual funds continues rising trend In FY16, the gross mobilisation of resources by all mutual funds stood at Rs 137.7 trillion, as against Rs 110.9 trillion in the preceding year. This translates into a 24.2% increase as compared y-o-y. Correspondingly, redemption increased by 24.1% to Rs 136.3 trillion in FY16 from Rs 109.8 trillion in FY15. Consequently, the net resources mobilised by mutual funds stood at 1,341.8 bn as compared to Rs 1,032.9 bn in FY15, reflecting an increase of 29.9%. The Assets under Management (AUM) of mutual funds, across schemes, continued its upward trend in FY16. It increased by 13.9% to Rs 12.3 trillion in FY16, from Rs 10.8 trillion in FY15. Resource Mobilisation by Mutual Funds (Rs billion) Year
Gross Mobilisation
Gross Redemption
Net Inflow
Assets at the End of Period
Average Assets at the End of Period
FY15
110,862.6
109,829.7
1,032.9
10,827.6
12,077.2
FY16
137,655.6
136,313.7
1,341.8
12,328.2
13,551.6
Source: SEBI, Dun & Bradstreet Research
XLIV
A Leading Credit & Co-operative Society Chooses Streebo to modernize and mobilize its legacy applications Challenge Aiming to offer a paradigm shift in credit and banking facilities, a leading Credit and Co-operative Society in India was looking at building feature-rich mobile experiences for its agents and members. The credit society also chose more robust and scalable IBM MobileFirst® foundation and API Connect platforms to migrate their legacy applications (Members and Agents). This was a huge and a very complex challenge, owing to the varying nature of integration elements, core banking systems, APIs, and, also the sheer size of the data, content points, processes and multiple backend systems involved. Solution Streebo, an award winning IBM Gold Business Partner sought to leverage its library of pre-built banking and transactional assets to deliver a comprehensive credit and mobile banking app. Leveraging its in-house integrated capabilities of producing a best-in-class user experience, award winning asset based development and high performance testing, Streebo aims to deliver the apps in 12 weeks’ time. Built on top of the IBM MobileFirst foundation platform, the app will comprise of advanced security and compliance features to ensure that data and transactions are secure and safeguarded. Distinct Functionalities AI Enabled Chatbot Pre-integrated with CRM
e-KYC Enabled Bill Payments
Fund Transfers Rewards Module
Estimated Benefits Turn Around Time Streebo, with its library of pre-built assets would bring down the estimated turnaround time of development of both the mobile apps by 20 - 25% Total Cost of Ownership With a very small services footprint and a hybrid delivery model (On-site and Offshore) the total cost of ownership would come down to 30%
XLV
XLVI
Mutual Funds In 2015 mutual funds in India crossed the ` 10 trillion mark. The total assets managed by the Indian mutual fund industry grew from ` 13.43 trillion in November 2015 to ` 16.94 trillion in November 2016, registering a growth of 26.1%. SIP, the popular investment method adopted by Indian mutual fund investors crossed the 10 million mark in December 2016 standing at 12.3 million. For the period April to December 2016, the mutual fund industry has witnessed an addition of ~619,000 accounts per month in the SIP segment. The vibrant mutual fund industry in India comprises of 45 asset management companies with their average age of 13.5 years. Eight out of the sample asset management companies in India have been in operations for less than six years. A Dun&Bradstreet study of 33 asset management companies in India observed that the total income grew from ` 68.3 billion in FY15 to ` 87.0 billion in FY16 registering a growth of 27.4% and net profit grew from ` 16.3 billion in FY15 to ` 21.8 billion in FY16 registering a growth of 33.2% with an average industry profit marging of 24.5%. Income funds continued to dominate the mutual fund space
Source: AMFI Note: Others comprises of gilt, other ETF, gold ETF, fund of fund investing overseas, and infrastructure debt fund.
XLVIII
The AUM of Indian asset management companies increased from ` 8,252 billion in FY14 to ` 12,328 billion in FY16, registering a growth of CAGR 22.2%. Income funds with ` 5,655 billion in assets accounting for 45.9% of the total AUM in FY16 is the biggest fund in terms on size. The large size of the fund can be attributed to the dominance of institutional investors with large ticket size who primarily choose to park their excess funds for short terms whilst earning attractive returns. Non gold ETFs registered the highest growth of CAGR 88.3% for the period FY14-FY16. The ETF funds too were dominated by institutional investors. The simplicity of ETFs as it is based on popularly known underlying, passive investment strategy, liquidity, and lower management fees make ETFs an attractive investment option. Equity assets had a larger holding period compared to non-equity assets
Source: AMFI
The average holding period of investments in equity assets was significantly longer compared to the investments in nonequity assets by asset management companies in India. Majority of the equity investments, accounting for 39.5%, were held above two years, while majority of non-equity investments, accounting for 51.3%, were held for less than six months. The dominant source of return in equity investments is capital gains. In the equity market achieving any significant capital gain requires holding the securities for longer periods. This can be attributed to why majority of the equity investments are held over two years. In FY16 the Indian mutual fund industry had 50.6 million accounts The number of accounts in India increased from 44.4 million in FY15 to 50.6 million in FY16, registering a growth of 13.9%. The majority, accounting to ~99%, of these accounts held by individuals comprising of retail and HNI accounts. Due to the sheer volume of investor accounts, individuals are dominant in all categories of funds such as equity, debt, liquid/money market, ETFs, and FoFs ranging from 94.4% to 99.2% of all accounts held in these funds. However, stark differences can be observed when the AUM of these funds are compared. As of November 2016, 55.4% of the mutual fund assets in India are held by institutions and 44.6% are held by individuals. In addition for the period November 2015 to November 2016 institutions registered a growth in assets of 28.9% and individuals registered a growth in assets of 23.0%.
XLIX
Institutional investors dominated the debt funds while individual investors dominated the equity funds
Source: AMFI
In terms of AUMs in different categories, institutional investors dominated debt oriented, liquid/money market, ETFs, and FoFs. The preference of debt and liquid/money market mutual funds by institutional investors can be attributed to their need to invest funds for a short term. Debt and liquid/money market instruments are less volatile compared to equity instruments. This helps institutions preserve capital erosion especially given their short time horizons for investments and the liquid nature of these schemes enables the institutional investors pull out funds instantly and at ease. In addition, institutional investors are more knowledgeable and well versed with the debt market which comprise of large volumes of bonds and money market instruments. Individual investors only dominated the equity oriented schemes where they held 84% of the AUM. The dominance of individual investors in the equity funds can be attributed to the higher risk profile of these investors compared to institutional investors aimed at generating substantial returns over longer time horizon. The debt investment preferences of individual investors are primarily limited to the convenience of bank FDs and RDs. Also, the ability to generate substantial returns in the debt market requires a strong understanding of debt market and a large corpus, both of which are not in the wheelhouse of individual investors. The tax structure too plays a vital role in shaping individual investors focus away from debt funds. The long term capital gains on equity mutual funds are tax exempt while they are taxed at 20% (with indexation) on non-equity mutual funds.
L
Shift in focus to B15 to provide growth opportunities of the industry
Source: AMFI
Retail investors in India are heavily dependant on the distribution channel companred to investing directly. As of November 2016, 92% of the retail investors invested through distribution channels. A study by AMFI brought to light that the inflow of funds received by asset management companies in India were heavily skewed towards the top 15 cities in India. The lack of adequate distributors selling mutual funds in semi-urban and rural regions, infrastructure constraints, subdued awareness, and lower average ticket size were identified as the major cause of the skew. In 2012, in an attempt to include the B15 region, SEBI allowed fund houses to charge an additional 30 basis points in the total expense ratio if new inflows from B15 cities were at least 30% of gross new inflows in the scheme or 15% of the average assets under management, whichever is higher. This development incentivised asset management companies to focus on B15 regions as fullfilling this criteria enables asset management companies to increase their revenues by charging higher fees. Therefore, many of the asset management companies incentized their agents to garner revenues from B15 regions. These continued efforts have resulted in AUM contribution of B15 witness a growth of 32.4% for the period November 2015 – November 2016. This growth was significantly higher than the growth registered by AUM contribution by T15 cities and AUM overall of 25.0% and 26.1% respectively for the same period. Low level of financial literacy continues to hinder the growth of mutual fund industry The penetration of mutual funds, especially in semi-urban and rural places is significantly hindered by the lack of understanding of mutual funds and their operations. In order to address this concern, asset management companies have been conducting investor awareness programs. In FY16, 38 AMCs had conducted 10,816 programs in 254 cities. In addition, efforts to educate retail investors and channelinse their savings towards mutual funds have also been undertaken by AMFI and SEBI. Introduction of investor friendly registeration process and increasing bank branches provide growth opportunities Exploring new frontiers In 2016, SEBI issued guidelines to change the existing norms for investing in mutual funds. The traditional KYC process was lengthy and cumbersome. The revised guidelines allows for Aadhaar-based process for fulfilling KYC requirements to start investing in mutual funds. This new development is an investor friendly process which is expected to bring in new mutual fund investors. Leveraging the baking channel As of FY16, SCBs in India had 86425 branches in rural and semi urban areas. Furthermore, RBI has mandated banks with opening newer branches in these underserved regions of country to achieve financial inclusion ojectives and strenghtern its banking system. The lack of infrastruce in rural and semi urban areas acts as a major hinderance for asset managemnt companies in penetrating this market and creation of the required infrastructure would capital intenisve for them. Therefore, it would be wise for asset management companies to utilise the banking infrastructure in non-urban regions to educate and sell mutual funds.
LI
6( 1 #
! " ! #
" & & 11&
! "
0 & ! 5& +"
$%&' ()* + ,&
/4/ &" --&"$
#& %-" #+++ &%
2 &+# 3&$ /4 "&
." */ "& $
"& 0#11
+"!# /0 1/1 /0 11 23 7 / 4. 1 56 / 07 58
23/ / 4. 1 56 / 07 58
).
!!""# $ %&'!!()&'*##"!"&+""""!,(+-
! "# $!
Insurance India’s diversified financial sector is undergoing expansion, both in terms of growth of the existing financial institutions and new entities entering the market. The sector comprises of commercial banks, insurance companies, non-banking financial companies, mutual funds, pensions funds and other smaller financial entities. India’s financial sector has been dominated both by the banking and the insurance companies. India’s insurance sector has evolved from its fundamental role of providing basic protection against risks to becoming a key pillar to support India’s rise to economic prosperity and growth, providing funds for nation building projects and driving social security. According to the report ‘World Insurance in 2015’ created by Swiss Re, the reinsurance major, the global GDP grew by 2.5% in 2015 which in turn moderated the growth of global re/insurance industry in 2015. As per the report, the real global direct life and non-life insurance premiums written grew by 3.8% in 2015, up from 3.5% in 2014. However in nominal US dollar terms, due to wide spread currency depreciation against USD, premiums were down by 4.2% compared to the last year. In 2015, the global life premium stood at US $2,533.8 bn compared to US $2,665 bn in the previous year, recording a growth of 4% in 2015 as compared to the growth of 4.3% in 2014. The global non-life premium stood at US $2,019 bn in 2015 as compared to US 2,123.7 bn in 2014, recording a record of 3.6% in 2015 compared to 2.4% in the earlier year. A comparison of the premium growth in advanced and emerging economies point out that, emerging economies witnesses a healthy growth in premium compared to that in advanced economies. In the life insurance segment, premium growth in the advanced economies slowed down to 2.5% compared to 3.8% in the previous year, while that in the emerging economies grew by 12% compared the previous year. Under the non-life insurance segment, premiums in the advanced economies grew by 2.6% in 2015 compared to 1.1% in the previous year, while the premiums in the emerging economies grew by 7.8% as compared to 8.6% in 2014.
LIV
Total Real Premium Growth Rate in 2015 (%) Regions / Countries
Life Premium (US$bn)
Advanced Countries
Life Premium Growth
Non-Life Premium (US$bn)
Non-life Premium Growth
Total Premium (US$bn)
Total
2,089.8
2.5
1614.3
2.6
3,704.1
2.5
Emerging markets
444.1
12
405.7
7.8
849.7
9.8
Asia
904.6
7.8
446.4
9.2
1,350.9
8.2
India
56.7
7.8
15.1
8.1
71.8
7.9
2,533.8
4
2,019.9
3.6
4,553.8
3.8
World Source: IRDA Annual Report 2015-16
Despite the lower contribution to the global insurance market, India continues to occupy the bright spot India’s share in global insurance premiums stood at 1.6% in 2015, as compared to 1.5% in 2014. Of the total insurance business, India’s life insurance premiums accounted for 2.24% share of the total global life insurance premiums in 2015 as compared to 2.08% in 2014. While in terms of non-life insurance, India’s share in the global non-life insurance premium stood at a mere 0.7% in 2015. In India, the share of life insurance premiums of the total premiums stood at 79% while that of non-life insurance premiums stood at 21%. Of the total 88 countries in the global insurance market, India was ranked 10th and 18th in the life and nonlife insurance business respectively in 2015. In 2015, the India’s life insurance premiums increased by 7.8% as compared to global growth of 4%, while the non-life premiums grew by 8.1% as compared to the global growth of 3.6%. While India’s share in global insurance premiums continue to be low, it also ranks low in terms of insurance penetration and density, the two important parameters that show the development of insurance sector in any country. Insurance penetration refers to premium as a percentage of GDP whereas insurance density refers to per capita premium or premium per person. In 2015, India’s insurance density stood at US $55, way beyond the world average of US $621. Insurance Density (US $) 8000
In US $
7000 6000 5000 4000 3000 2000 1000 0
Source: IRDA Annual Report 2015-16
The level of insurance penetration depends on a large number of factors like level of economic development of the country, the extent of the savings in financial instruments and the size and reach of the insurance sector. In 2015, the insurance penetration in India stood at 3.4% as against the world average of 6.2%. Against the world average of 3.5%, the life insurance penetration in India stood at 2.7%. On the contrary, during the same period, non-life insurance penetration in India stood at 0.7% as against the world average of 2.8%. Some of the major factors responsible for lower penetration of insurance products in India are low income levels, low consumer preference, untapped rural markets, claim-settlement time and constrained distribution channels.
LV
Insurance Penetration (%) 20
19
18 16
14.8
14.7
In (%)
14
11.4
12
10.8
10
10
9.2
9.3 7.3
8
7.3
6.2
6
5.7
5.5
5.1
4
3.9
3.4
3.6 1.4
2
1.2
0.8
0
Source: IRDA Annual Report 2015-16
In terms of total premiums, public sector insurers continue to dominate the Indian insurance industry As of at the end March 2016, there were 54 insurers operating in India. Of these, there are 24 life insurers, 24 are general insurers, 5 are health insurers, and 1 is reinsurer. Of the 24 life insurers, 23 companies are in the private sector, while one is the public sector company. Of the 24 non-life insurers, 18 companies are in the private sector while 6 companies are in the public sector. Registered Players in the Indian Insurance Industry Public Sector
Private Sector
Total
Life
Type of Insurer
1
23
24
General
6
18
24
Health
0
5
5
Reinsurance
1
0
1
Total
8
46
54
Source: IRDA Annual Report 2015-16
The total premiums of all the registered insurers stood at ` 463,323.2 bn in 2015, registering a growth of 12.2% over the previous year. Public sector insurance companies continued to dominate the Indian insurance space. In terms of total premium income of the insurance companies, the total premiums of the public sector companies stood at ` 318,977.2 Cr in 2015, growing at a pace of 11.4% as compared to the previous year. On the contrary, the total premiums of private sector insurers stood at ` 144,346 Cr in 2016, registering a growth of 14.1%. Total Premiums of Indian Insurance Sector in FY16 Life Premium (` bn)
Life Premiums Growth
Non-life Premium (` bn)
Non-life Premiums Growth
Total Premiums (` bn)
Total Premium Growth
Public
2,664.4
11.2%
525.3
12.6%
3,189.8
11.4%
Private
1,005.0
13.6%
438.5
15.3%
1,443.5
14.1%
Total
3,669.4
11.8%
963.8
13.8%
4,633.2
12.2%
Type of Institution
Source: IRDA Annual Report 2015-16
LVI
Indian Life Insurance Industry Despite the decline in its share, LIC dominates the Indian life insurance industry In FY16, the total premium income of the Indian life insurance industry stood at ` 3,669.4 bn, registering a growth of 11.8% over the previous year. Premium income of the private sector life insurers slowed down during FY16. The total premium income of the private sector insurers stood at ` 1,005.0 bn in FY16, registering a growth of 13.6% as compared to the growth of 14.3% recorded during FY15. The total premium income of the sole public sector life insurer, LIC, stood at ` 2,664.4 bn in FY16 registering a growth of ` 11.2% as compared to the previous year. Of the total premium income received by the life insurers in FY16, renewal premium accounted for 62.2% as compared to 65.5% in FY15. First year premiums contributed remaining 37.8% to the total premiums received in FY16, as compared to 34.5% in FY15. During FY16, the income through renewal premiums grew by 6.2% as compared to 10.7% growth in the previous year. During the same period, the income from first year premiums grew by 22.5% as compared to the decline of 5.8% in FY15. The bifurcation of first year premium income of life insurers indicate that the single premium income grew by 32.5% in FY16 as compared to the decline of 2.4% in FY14. In case of LIC, single premium products continue to play an important role as they contributed 27.8% to the total premium income of LIC in FY16. In comparison to LIC, the share of single premium income in the total premium income of private sector insurance companies stood at 13.7% in FY16. The unit-linked products (ULIPs) registered a growth of 12.6% in FY16, growing from ` 416.2 bn in FY15 to ` 468.7 bn in FY16. On the other hand, the premium income from traditional life insurance products grew by 11.7% in FY16, growing from ` 2,864.8 bn in FY15 to ` 3200.7 bn in FY16. As a result, the share of ULIP products in total premium increased to 12.8% in FY16 as compared to 12.7% in FY15. Share of Unit Linked Insurance Plans in the total premium income 800
30.0%
700
25.0%
In ` bn
600 20.0%
500 400
15.0%
300
10.0%
200 5.0%
100 0
0.0% FY12
FY13
Linked premium income
FY14
FY15
FY16
% share of in total premium income
Source: IRDA Annual Report 2015-16
The market share of LIC, on the basis of the total premium income, decreased from 73% in FY15 to 72.6% in FY16. On the other hand, the market share of private life insurers increased from 26.9% in FY15 to 27.4% in FY16. The comparison of the first year premiums of the life insurance companies in FY16 indicate that LIC continued to dominate the space with a share of 70.5%, while the share of private sector insurance companies stood at 29.5%. Similarly, in the income from renewal premium too LIC dominated the space with a share of 73.9% as compared to 26.1% share of the private insurers in FY16.
LVII
During FY16, the life insurers issued 267.4 lakhs new policies as compared to 259.1 lakh policies in FY15. As a result, the total number of new policies issued grew by 3.2% in FY16 as compared to a decline of 36.6% in FY15. Of the total new life insurance policies issued, LIC alone issued 205.5 lakh new policies, accounting for 76.8% of the new policies, while the private insurers issued 61.9 lakh new policies accounting for 23.2% of all the new policies issued during FY16. New Policies issued by Life Insurers Type of Insurer LIC Private Sector Total
New Policies Issued in FY15 (in Lakh) 201.7
Growth in FY15 (%) -41.6
New Policies Issued in FY16 (in Lakh)
Growth in FY16 (%)
205.5
1.9
57.4
-9.8
61.9
7.9
259.1
-36.6
267.4
3.2
Source: IRDA Annual Report 2015-16
Life Insurance Industry claim settlement ratio for individual policy holders improves slightly in FY16 as compared to FY15 In FY16, the life insurance industry paid benefits of ` 2,011.7 bn constituting almost 55% of the gross premium underwritten during the period. During FY15, the life insurance industry had paid benefits of ` 2,109.2 bn, thereby constituting 64.3% of the gross premium underwritten during the period. The benefits paid by the private insurers in FY16 stood at ` 605.7 bn, constituting 60.3% of the premiums underwritten. LIC, on the other hand, paid benefits of ` 1,412.0 bn in FY16 constituting almost 53% of the premium underwritten. With respect to claims settled, in FY16, the life insurance companies settled 8.54 lakh claims on individual policies amounting to ` 126.4 bn. Further in FY16, the life insurance companies rejected 15,157 claims on individual policies amounting to ` 7.4 bn. The claim settlement ratio of LIC was better than that of the private insurers. During FY16, the claim settlement ratio of LIC increased to 98.3% as against 98.2% recorded during the previous year. The percentage of claim rejection by LIC also came down to 0.98% in FY16 as compared to 1.15% in FY15. For the private sector insurance companies, the settlement ratio increased by 2.1%, growing from 89.4% in FY15 to 91.5% in FY16. The percentage of claim rejection by the private life insurers also came down to 6.7% in FY16 as against 7.8% in FY15. The overall life insurance industry’s settlement ratio increased slightly from 96.97% in FY15 to 97.43% in FY16, while the claim rejection ratio decreased from 2.08% in FY15 to 1.73% in FY16. The number of offices of life insurance companies increased to 11,071 in FY16 as compared to 11,033 in FY15. The majority of offices of the life insurance companies are located in semi-urban towns which have a population between 10,000 and 99,000. Around 49% of the offices of the life insurance companies are located in these semi-urban towns. The urban towns with population between 100,000 and 999,999 accounted for second highest number of offices of the life insurance companies. In total, both LIC and private insurers together covered 95.3% of all districts of India. The number of districts in India with no presence of life insurance offices stood at 30. Indian General Insurance Industry In FY16, the total direct premium underwritten by the non-life insurers in India stood at ` 963.8 bn as against ` 846.9 bn in FY15, registering a growth of 13.8% as against 9.2% recorded in the previous year. The public sector general insurers underwrote a premium of ` 476.6 bn in FY16 as compared to ` 425.5 bn in FY15, growing at a pace of 12.1% in FY16 as compared 10.2% in FY15. On the other hand, the total premium underwritten by private general insurers (including standalone health insurers) stood at ` 438.5 bn in FY16 as compared to ` 380.3 bn in FY15, growing by 13.1% during FY16 as against 9.6% in the previous year.
LVIII
Gross Direct Premium Income of non-life insurers Gross Direct Premium in FY15 (` bn)
Growth in Premium (%)
Public
425.5
10.2%
476.9
12.1%
Private
350.9
9.6%
396.9
13.1%
Insurer
Gross Direct Premium in FY16 (` bn)
Growth in Premium (%)
Standalone Health
29.4
31.1%
41.53
41.1%
Specialized Insurer
41.0
-12.7%
48.4
18.0%
846.9
9.2%
963.8
13.8%
Total Source: IRDA Annual Report 2015-16
Motor insurance continues to dominate India’s general insurance business The motor insurance business continued to be largest segment of India’s non-life insurance business, accounting for 43.9% share in the total non-life insurance business in FY16. In FY15, this share stood at 44.1%. The total premium of the motor insurance business grew by 13.2% in FY16 as compared to the growth of 10.5% in FY15. The health insurance business occupied the second most dominant segment in FY16 with a share of 28.5% in the total non-life insurance market (26.7% in FY15). The total premium collected by health insurance segment stood at ` 274.6 bn in FY16 as compared to ` 226.4 bn in FY15, registering a growth of 21.3% over the previous year. The premium collection from the fire segment grew by 8.4% while that from the marine segment declined by 1.2% in FY16. Premium (Within India) underwritten by Non-life insurers Segment
Premium Underwritten in FY15 (` bn)
Premium Underwritten in FY16 (` bn)
Motor
373.8
423.0
Health
226.4
274.6
80.4
87.3
Fire Marine
30.2
29.8
Others
135.9
149.1
Total
846.9
963.4
Source: IRDA Annual Report 2015-16
Segment-wise share of premium underwritten by non-life insurers in India
3% 15%
9%
29% 44%
Fire
Marine
Motor
Health
Others
Source: IRDA Annual Report 2015-16
Non-life insurers witnessed a decline in new policies issued in FY16 as compared to FY15 In FY16, the non-life insurers (excluding standalone health private and specialized insurers) underwrote 122.1 mn policies as compared to 118.3 mn policies in FY15, thereby growing at 3.2% in FY16 as compared to 15.4% in FY15.
LIX
Number of Policies issued by non-life insurers Insurer
Number of Policies issued in FY15 (mn)
Growth in FY15 (%)
Number of Policies issued in FY16 (mn)
Growth in FY16 (%)
Public Sector
67.8
12.9
67.1
-0.96
Private Sector
50.5
19.0
54.9
8.8
118.2
15.4
122.1
3.2
Total Source: IRDAI Annual Report 2015-16
The public sector insurers witnessed a marginal decrease in the number of policies issued in FY16. The number of policies issued by the public sector insurers declined from 67.8 mn in FY15 to 67.1 mn in FY16, declining by 0.96% as compared to the growth of 12.9% in FY15. On the other hand, the number of policies issued by the private sector insurers grew from 50.5 mn in FY15 to 54.9 mn in FY16, thereby registering a growth of 8.8% in FY16 as compared to 19% in FY15. Government Initiatives The Government of India has taken a number of initiatives to boost the insurance industry. Few of them are: ¾¾ Up to 49% of foreign investment allowed through automatic route subject to the guidelines on Indian management and control, to be verified by the regulators. ¾¾ Service tax on single premium annuity policies reduced from 3.5% to 1.4% of the premium paid in certain cases. ¾¾ The two committees formed by The Insurance Regulatory and Development Authority (IRDA) of India to explore and suggest ways to promote e-commerce in the insurance sector in order to increase insurance penetration and drive financial inclusion. ¾¾ Draft regulations by IRDAI to impose obligations on insurers towards providing insurance cover to the rural and economically weaker sections of the population. ¾¾ Foreign Investment Promotion Board (FIPB) has cleared 15 Foreign Direct Investment (FDI) proposals including large investments in the insurance sector by Nippon Life Insurance, AIA International, Sun Life and Aviva Life leading to a cumulative investment of ` 72.6 bn (US$ 1.09 bn). ¾¾ IRDAI has given initial approval to Switzerland-based Swiss Re, French-based Scor SE, and two Germany-based reinsurers namely, Hannover Re and Munich Re to open their respective branches in India.
LX
LXI
I OPENED A NEW ACCOUNT.
%! '&" #" % # "#"% $!"" "' ' %" "" % #"%" '" #! ( #" '! *
" #!"" * ! " " % ! "% ! #" ! " ' # ""! #!" & ! % !" " !!# #!" '"' $ % $ #
LXII
" #!"" "& ! !" " ! ! $ ! " #!"" " " """! " # " ! ) " #!"" " "! ! $
India’s Leading BFSI Companies 2017
Bajaj Allianz General Insurance Company Limited Growing financial literacy has placed the Indian Insurance sector on a growth trajectory. What are your views on opportunities in the Indian insurance industry?
Tapan Singhel Managing Director & Chief Executive Officer
The growth in the Indian Insurance sector and the new opportunities cannot be solely attributed to the growing financial literacy. Many factors such as the advent of digital revolution, changing consumer demographics and several new initiatives by the government that are fueling growth and consumption in the economy have had an impact on the industry’s performance. Given that insurance still remains a highly under penetrated market in our country, digitization has helped the industry reach the last mile in a cost-effective manner. The changing customer behavior patterns and a demographic drift to a younger generation of consumers that has information at finger tips - the balance of power is now shifting to the customers, across all B2C industries, and insurance is no different. This shift is already fostering innovations in product/service design and delivery. The insurance industry is also expected to embrace the latest technologies for risk management and claim settlement. The recent industry developments like the move to list public sector insurers will ensure that profitability of insurance companies will now take center stage and pricing would be made more sustainable through risk based underwriting. It is also expected that the government along with the regulator will continue working towards bringing out more affordable insurance schemes in association with insurers to increase insurance access and extend the financial security net to the masses especially in the tier 2 and 3 cities and other rural areas. This collaboration between the center and the industry will further propel the growth story.. The Indian government is increasingly focusing on adoption of digital technologies in the financial industry. What is your outlook on the adoption of digital technologies over the next five years, especially with respect to insurance?
I - 2
If we look at the last 5 years of digital transformation, apart from infusing technology to enhance operational efficiencies insurers have been able to create digital offices and move away from the traditional brick and mortar model. Digital technologies have helped improve the service capabilities manifold by providing platforms to empower customers to perform insurance related transactions instantaneously at their own convenience whilst allowing insurers to offer services at the customer’s doorstep, producing more sophisticated & robust techniques for fraud detection. The industry today is at the cusp of a revolution as technology enables it to move from reactive to preventive business model. Connected devices, sensors and Internet of things (IoT) based solutions are allowing insurers to develop usage based insurance offering and are facilitating effective risk management. Bajaj Allianz General Insurance set up the platform for usage based insurance in India by launching Drive Smart, a connected device that offers real time feedback on driving behavior and rewards good driving behavior. The real time data ensures greater availability of lifestyle, behavioral and medical data at the insurer’s disposal. This will lead to the development of automated underwriting model by the use of predictive analysis in almost all lines of business. . The use of technology will also see a greater impact in the claims process, making it more efficient & fast. In your opinion, what additional measures could be undertaken by the government/ regulator to support the growth of the Indian insurance industry? The role of government and regulator would be instrumental in addressing two pressing issues. One is the rising health care costs that have made it very difficult for a common man to access affordable, but quality health care financing options. To address this issue, the government can look at making it mandatory for employers, both in organized and the unorganized sector, irrespective of the number of employees, to provide health cover to everyone working for them. Besides, a national health scheme by the Interviews
India’s Leading BFSI Companies 2017 government especially for those from the underprivileged sections of the society would ensure that a sizeable population is covered against unforeseen medical exigencies The second issue pertains to the huge financial losses arising due to incidents of catastrophes in the country. The last few years have seen the damages caused by floods in Chennai, J&K, Uttrakhand or the HudHud Cyclone. With the priority always being on financial protection in case the earning member of the family dies or someone in the family meets with an accident, the often overlooked fact is that what takes several news of hard work to be created can get washed away in matter of minutes due to nature’s fury. In order to cover the population at large against natural disasters, the government can look at offering affordable home insurance scheme in association with insurance companies that would cover losses to property due to catastrophic events. An index based policy similar to the weather based crop insurance schemes, which will compensate for the damage caused by the natural catastrophe.
related crimes, the company is looking at introducing cyber insurance covers that offers protection to both individuals and businesses. What is Bajaj Allianz General Insurance’s strategy for expansion and growth over the next five years? The company’s vision for the next 5 years is to reach the remotest corners of the country to improve awareness on insurance a very important component of an individual’s financial security via various digital initiatives. Our energies are focused on strengthening our home and health insurance portfolios as well as distribution capabilities. While we look at sustainable growth our product and innovation labs will continue to churn out simple need based covers and digital interfaces. These interfaces will offer simplicity, speed and convenience to our customers and partners in their interactions as well as insurance transactions. As insurers we want to establish a clear leadership in engaging with our customers beyond insurance by being a part of their wellness cycle and assisting them in effective risk management.
A combination of these measures will ensure that that citizens have access to good health care and their assets, a result of years of hard work, does not get wiped away. Brief us about your company’s new product launches planned for the current year? In the coming year the focus will be towards offering customized solutions and transforming their claim experience with the company. While we are looking at introducing new easy to understand products in the health, home and travel space that can be bought easily through online and mobile channels, we are also looking at launching a facility that will enable customers to settle their own claims within minutes. The coming year will see usage based insurance solutions in the health and home space using connected devices. There is going to be a high focus on promoting wellness and preventive care. The company is also looking at addressing the new age risks that individuals are exposed too and is looking at coming out with suitable solutions. For instance, given that today we are extremely vulnerable to cyber Interviews
I-3
India’s Leading BFSI Companies 2017
Shriram Transport Finance Company Limited Kindly brief us about Shriram Transport Finance Company’s journey since inception. Our journey has seen us making several innovations while we stood at the very edge of organized finance. The banks and institutions were guided by the economists’ vision; the small truck owners (STOs) who always fell on their blind side was given the miss. Umesh Revankar Managing Director & CEO
With a track record of about 38 years in this business, we are among the leading organized finance providers for the commercial vehicle industry, with a focus to provide various credit facilities to STOs. We have also added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment to our portfolio, making us a diversified, end-to-end provider of finance solutions to the domestic road logistics industry. Besides financing commercial vehicles (both new and pre-owned) we also extend finance for tyres, engine replacement and working capital. Our pan-India presence through our widespread network of branches has helped in our overall growth over the years. As on Dec 31, 2016, we had 908 branches, 903 rural centres and tie-ups with over 560 private financiers across the country. As on Dec 31, 2016, our total employee strength was more than 16,000, including more than 10,000 product executives and collection executives who are colloquially referred to as our field force. We have demonstrated consistent growth in our business and profitability. Our assets under management have grown by CAGR of ~16% from ` 40,218 crore in FY12 to ` 72,761 crore in FY16. Our total income and profit after tax in FY16 stand at ` 10,245 crore and ` 1,178 crore, respectively. Today we have approximately 2025% market share in pre-owned and approximately 7-8% market share in new truck financing, with more than 1.3 million customers.
I - 4
Your company is considered to be a pioneer in the pre-owned commercial vehicle financing. Give us a brief insight of your major offerings. What new products and services is your company planning to offer in the near future? We offer loans for the purchase of new/ used commercial vehicles, working capital loans like tyre financing, engine repair, personal loans, top-up loans, business loans, SME loans, etc. We believe in partnering with customers throughout their journey from being a driver owner to a fleet owner. We keep in direct touch with our customers to understand their requirements on the go and to help them in their growth or to help tackle their business problems.
“Today we have approximately 20-25% market share in preowned and approximately 7-8% market share in new truck financing, with more than 1.3 million customers.
”
The Indian government is increasingly focusing on adopting digital technologies in the financial industry. What is your outlook on the adoption of digital technologies over the next 5 years? Customers’ expectations are generally determined by other enterprises. Integration of web, mobile, social, and in-person customer service has increased the level of expectations among the customers today. Technology can make financial operations easier and convenient. Keeping this in mind, we have adopted the following steps towards digitalization. A customer can get his instalment payment done through payment gateways, wallets, UPI and with the swipe of his debit card. The same is enabled on web and mobile platforms. He can communicate to us about his interest for any loan or other products. We are able to witness a phenomenal shift
Interviews
India’s Leading BFSI Companies 2017 in our non-cash collection over the last couple of months from what it used to be earlier. We understand that large financial entities including banks get more than 60% of digital traffic through mobile. The financial industry also feels that mobile will become the most popular consumer channel in the future, and hence our digital plans for the next five years are more concentrated on the mobile platform for a speedy customer service. Customers will have provision to apply for their loan requirements online. We are confident of obtaining the required documents for financing a commercial vehicle by proper integration of our system with UIDAI and Vaahan servers through the Ministry of Transportation, which will enable us to offer credit in the shortest possible time. We have already made headway with UIDAI on e-KYC authentication. This will make the whole lending process digital to a great extent. We are expecting a seamless digital registration of NACH mandates by the customers through an authenticated OTP process. We have already started working with NPCI through our lead banks on the same. This will lead to a drastic drop in the turnaround time in the registration process.
“While
demonetization has posed some challenges for the short term, we see huge opportunities to fund and help the unorganized finance market and to bring them together
”
All other service requests during the loan period are also planned through digital modes. Customers will be able to send requests online for loan closure and to receive the NOCs. The process of endorsing our financial interest on the vehicle and removal of the same digitally is also underway. It will take momentum on the readiness of government agencies and this process will wipe out the usage of physical RTA forms.
Interviews
Apart from the loan process and maintenance, we are trying to build an ecosystem with other service providers in our app as below:• Applying for Fast Tag and maintenance for facilitating toll payments • Load management services • Facility to purchase tyres, lubricants, etc., at discounted rates, tie-ups with authorized mechanic garages for vehicle repairs at competitive rates • Insurance needs for asset/s, business and life What do you think are the biggest obstacles in India’s journey towards a less-cash economy? Banks and financial institutions need to put huge infrastructure in place for transactions through cards, mobiles. A lot of education initiatives may need to be undertaken. Internet services, which currently stand at only 26% coverage in India, need to expand at a rapid rate. Though this is the biggest decision of this government, continuous perusal would be the key for success. This could be termed as cultural shift. The Government also needs to have a relook at its taxation structure and make it easier to comply with. Huge costs of audit and tax filing on high frequency make it difficult for small business owners to comply with 100%. Tax brackets should be brought down as more number of people and businesses are brought into the tax net. What are STFC’s plans for expansion and growth over the next five years? We see huge opportunities ahead. While demonetization has posed some challenges for the short term, we see huge opportunities to fund and help the unorganized finance market and to bring them together. We have also opened up large avenues by starting a business loan vertical, wherein we would like to encash the potential of gaining larger share of our customer wallet. Instead of only funding for vehicle requirements, we would like to go for full-fledged funding requirements of our existing customers to start with. We look forward to building up an AUM of more than 1.2 lakh crore by the year 2020.
I-5
India’s Leading BFSI Companies 2017
Canara HSBC Oriental Bank of Commerce Life Insurance Company Kindly brief us on Canara HSBC OBC Life Insurance’s bancassurance model. What are the key factors that have contributed to the success of the bancassurance model? We started business in 2008 and for the past eight years, we have been operating a bancassurance model.
Anuj Mathur Chief Executive Officer
For us, bancassurance is not a distribution channel, it is a business model. Considering the distribution strength, we launched a pure bancassurance business model with each aspect of the business customized to the specific needs of the customers of distributing banks. We have demonstrated the ability to harness the potential of private and public sector banks and have grown distribution over the years. The company has spent considerable time in understanding the customer, the operating ecosystem and the bank staff in each of the partner banks to optimize. This has resulted in a good understanding of the market on both the ‘buy-side’ and the ‘sell-side’, helping us to create the fastest growing life insurance company in India. Kindly provide details of your product portfolio. Which diverse groups do these products cater to? We have a good mix of products in both ULIP and the Traditional space, which cover needs such as wealth accumulation, planned guaranteed payouts and guaranteed monthly income. Currently, we do see a higher proportion of ULIPs in our portfolio as compared to traditional plans, perhaps due to the positive outcomes seen by our long-term loyal ULIP customers and positive market direction. Over a longer period, we do see a balanced mix of traditional and ULIPs based on our customer research on product preferences, especially for mass market customers where we believe the risk appetite is lower. So overall, our product pipeline looks very healthy. The new set of products aim towards a sharper customer proposition to address key needs like retirement accumulation, children’s education and marriage for
I - 6
risk-averse customers, pure protection, and guaranteed savings to plan for life’s milestones. Also, at present we have our product suite which caters to all relevant customer segments; we are exploring the possibility of designing customized products for HNI’s and NRI’s. What are the marketing strategies employed by your company to reach out to a larger audience? Being a pure bancassurer, we only sell to the customers of our partner banks through their branch network. The Company’s brand ‘Canara HSBC Oriental Bank of Commerce Life Insurance’ has the names of three of our partner banks and that is our biggest USP. We seek to provide the convenience of having one’s banking and insurance needs fulfilled under one roof, from a brand that is well trusted. Our marketing strategies are focused on empowering the licensed branch staff to provide effective life insurance solutions to their customers by providing visibility in and around the bank branch, through simple and easy to use sales aids for the bank staff. We also run 1,000+ OOH screens out of selected Canara and OBC bank branches. The screens are put at prominent locations within the bank branch. It has helped us create an instant connect with customers. Kindly provide the details of initiatives taken in educating the customers and increasing the transparency of sales. Our policies are based on the fundamentals of “Treating customers fairly”. The Company is committed to delivering ‘Value for Money’ to the customers, which is also an integral part of the corporate strategy. This ensures that the customers will always be first in every initiative that we take. Be it at the sales stage or during the processing stage or the entire service cycle. A ‘detailed needs analysis’ and ‘financial health-check’ is done to ensure that the right product is pitched for the right customer need. Customers are provided with clear information and are kept appropriately informed during the entire product life cycle. We make sure customers have a smooth post-sales journey with respect to servicing needs Interviews
India’s Leading BFSI Companies 2017 like switching funds, submitting claims, etc. We have created various touch points which are equipped to handle and assist all servicing requests and queries efficiently. We are cognizant that an engaged customer is absolutely critical and hence we have a comprehensive engagement strategy which attempts to establish a constant connect with the customer throughout the policy cycle. What are the specific strategies adopted to reach out to the rural population, the social sector and economically weaker sections of the society? Financial inclusion is an important agenda of the Government of India, which aims to deliver financial services at an affordable cost to the vast sections of the disadvantaged and low income groups who have very little access to banking and other financial products. Since inception, the company has had a very strong focus on financial inclusion and has always exceeded its rural and social sector targets mandated by the regulator on a year-onyear basis. The bancassurance business model has enabled us reach out to the financially vulnerable population, covering channel partner bank customers having no-frill accounts, members of self help groups, micro-credit groups, joint liability groups and tenant farmers’ groups. From our own research, we have seen our banks successfully activate over 90% of their branch networks with a majority of branches in non-metro locations. This demonstrates that the bancassurance model is working well and reaching all segments of the community across the vast length and breadth of the country. In a continuous endeavor to achieve this goal, we have been providing insurance coverage through our micro insurance product, Sampoorna Kavach Plan at a very low and affordable premium of ` 100. The enrolment process is very simple, involving a single page application form consisting of basic member details and declaration of good health signed by the customer. We are also in the process of launching new traditional products in the coming months, which would strengthen the product offering for the customers of these markets.
According to you, what opportunities would the adoption of digital technologies offer to the insurance industry? The digital channel is cost effective, addresses a specific segment which prefers to deal in a non-physical manner and has huge potential. The rapid maturing of mobility based technology is making it easier for customers to engage with insurers. The consumer’s decision making and buying pattern is evolving from the traditional Physical-Physical to a mix of Digital-Digital, Digital-Physical and Physical-Digital. The benefit which a consumer gets is immense - standardized sales process, increased transparency, multitude of options, customized solutions and most importantly comprehensive information to take an informed decision. What are your company’s plans for expansion and growth over the next five years? Our vision is “1% penetration of customer base of our distributor banks and 1 million customers by the year 2020.” We are a blue blood bancassurance company and over the past eight years have developed sufficient expertise in this space. We will continue to expand and grow this channel as we believe it has a lot of potential still waiting to be tapped. Our three partner banks have a network of over 9,000 branches and a cumulative customer base of 60 million. We haven’t yet scratched the surface as our current penetration levels are less than 1% of the customer base, and hence there is so much more that we can do. We have aggressive plans to reach out to these customers so that we could offer them our products. The next wave of our growth will also ride on the Digital platform. The e-commerce opportunity is waiting to be tapped and Life Insurance cannot be left behind. The channel is cost effective, addresses a specific segment which prefers to deal in a non physical manner and has huge potential. We have initiated measures to tap this market aggressively, and look forward for opportunities to emerge.
The Indian government is increasingly focusing on adoption of digital technologies in the financial industry. Interviews
I-7
India’s Leading BFSI Companies 2017
SBI General Insurance Company Limited The Indian insurance industry is set on a growth trajectory as a result of growing financial literacy. What are your views on the opportunities in the Indian insurance industry?
Pushan Mahapatra Managing Director & Chief Executive Officer
In the coming years, the General Insurance (GI) industry will have a tremendous scope for growth. GI growth by various estimates is expected to be around 25%-30% in 2017. This growth is to be fueled by the Crop, Motor, Health, Personal Accident and Fire insurance segments. Also, the ‘Make in India’ initiative, Smart Cities initiative and several other reforms are likely to provide a boost to the manufacturing sector, which would translate to better business for property and marine cargo insurance. Further, with consumers becoming far more technically savvy and aware, a shift in the consumer mindset is expected. They will prefer to have an ‘Informed Purchase’ of Insurance products rather than a ‘Consultative Purchase’. The Indian government is increasingly focusing on adopting digital technologies in the financial industry. How, according to you, can the insurance industry transform their businesses using these technologies? In its current state, the industry is already moving towards increasing digital touch points for customer acquisition and customer servicing. Many experimental projects are being conducted on this front. The next frontier for insurance companies is to work towards datafication and using that to control the value chain more effectively. Sensors that test your health on a regular frequency, sensors that alert insurance companies about accidents and their location are some of the cutting edge technologies being tested across the world. They would fundamentally change how insurance is experienced and perceived. An example of this could also be trip delays which are covered under travel insurance. As flight/train delay data are now available digitally, would it make sense for insurance companies to expect that the customer files a claim for trip delay? Insurance companies can directly
I - 8
pay the claim to the customer even without the customer filing for a claim. The growth of the Digital Space is acting as a catalyst for adoption of digital as a buying and servicing platform for insurers as well. Datafication (e.g. capturing driving behaviour or health outcomes) is still in a nascent stage, but over the medium to long term would likely play a strong role in influencing digital transactions. Social media offers a great servicing outlet for customers, as it is a convenient and user friendly medium. The general insurance industry is slowly adopting these trends, and as consumers are increasingly adopting e-commerce, companies will create more advanced, digital and alternate channels for their consumers. Brief us about your company’s new product launches planned for the current year. We have recently launched Long Term Two-Wheeler Insurance through the SBI network and are keenly working on bringing this coverage to two-wheeler owners across the country. The policy offers comprehensive coverage for twowheelers, including damage to vehicle, third party liability and personal accident. We have also launched a comprehensive liability product - Broad Form Liability which has a wide range of inbuilt covers for comprehensive protection against the CGL and product liability risks. We have a few products both on the retail and commercial side planned for FY18. We are planning to improve and bring out a comprehensive health product for bank customers. We have received the regulator’s approval and in Q1FY18 would be launching the Home Contents Package cover for individuals intending to cover their home contents against all possible risks. On the commercial side, we intend to broad base our offering on the property insurance through various add on covers, apart from a few liability insurance covers.
Interviews
India’s Leading BFSI Companies 2017
Infrasoft Technologies Limited Kindly brief us about the journey of Infrasoft Technologies.
Rajesh Mirjankar Managing Director & CEO
We started in mid-nineties with the vision of creating innovative products for BFSI industry. We focus on developing market leading products – Core Banking, RegTech (Anti-Money Laundering, FATCA & AntiFraud), Microfinance, Islamic Banking, Loans Origination & Management, Payments, Mobility and have expanded to 36 countries with over 450 client Banks. Now we are in the age of Digital 2.0 and our innovation DNA remains the same. We are the quintessential startup and innovators. The Indian government is increasingly focusing on adopting digital payment technologies in the financial industry. What will be its long term impact on Payments in India? India will leapfrog into digital payments bypassing plastic. That’s a certainty and we are very excited to play a part in this. UPI has been a game changer and we have seen a huge jump in the transactions. We believe that the adoption rate will skyrocket through network effect as both consumers and merchants become more aware and adept. This will further encourage new business models and technologies such as voice payments, hyperlocal offers and loyalty management, shopping bots and payment bots to name a few. There will also be huge accumulation of consumer transaction data, where artificial intelligence driven data analytics will be used to drive competitive edge. The potential is immense. What else do you see as the growing technology trends within BFSI Industry? Our customers are partnering with us to take them through the journey from digital adoption to digital transformation and then to digital innovation. The digital innovation age will be driven by Big Data and Artificial Intelligence. Bots will become
mainstream and the new-age Banking will offer a complete 360 degree experience of digitization that will include omnichannel, predictive analytics, personalization, IoT integration, augmented reality, digital twins, social media integration, and virtual reality. This is the roadmap on which we are working with our customers. There are also a lot of discussions taking place on the use of Block chains in BFSI industry. Do you see an opportunity there? Block Chain adoption is imminent but will need banks to work in a wider partnership. The regulatory framework also needs to evolve and I think both of these have already started to happen. IDRBT has recently published a white paper on applications of block chain technology in India, some Banks have launched pilot Business Use cases and SBI has taken the initiative to push for India’s first Block chain exploration consortium for Banks. Block chain is the future and I see a huge opportunity for technology innovators. It will disrupt a lot of legacy systems such as trade finance, asset management, clearing and settlement, global payments systems, KYC, compliance to name a few. What is your take on the financial inclusion drive? How can technology accelerate this? If the smallest banks in India also have the access to the same technology at affordable cost, then it will surely accelerate financial inclusion and that’s what we are driving with our CBS, micro ATM, mobility and payment solutions for small banks and PACS. We were also the first to offer cloud based CBS to drive technology adoption at smaller banks. InfrasoftTech has been the market leader in financial inclusion space and we are committed to bring benefits of digital technologies to the smallest banks in India.
InfrasoftTech profile InfrasoftTech is a pioneer in Fintech Digital Solutions with over 450 clients across 36 countries including over 300 banks for their Core Banking & Payments Solutions of which 200 are on a Cloud model, and over 160 Banks using their RegTech solutions. InfrasoftTech has launched several digital solutions for the Fintech age banking including Mobility solutions, Bots, Contactless Payments, AI based Anti-Fraud solutions, and Big Data Analytics.
Interviews
I-9
India’s Leading BFSI Companies 2017
IDBI Capital Markets & Securities Limited Kindly give us a brief of various segments in which IDBI Capital Markets operates. Broadly, IDBI Capital provides services in three major areas – Investment Banking, Institutional & Retail Broking and Portfolio Management Services. In the Investment Banking space, we provide services in Capital Market transactions, M&A and Private Equity (PE), Syndication of Debt and Resolution of Stressed Assets. Nagaraj Garla Managing Director & CEO
On the Broking front IDBI Capital is empanelled with leading institutions as a preferred broker. We also service a vast network of retail and HNI customers and have alliances with leading banks to extend the reach of our broking services across India. Brief us about company’s new product launches planned for the current year? To improve our bouquet of services, we are about to launch Portfolio Management Services in Equity for our HNI Clients. The same is in the advanced stages of implementation. Simultaneously, we are also entering into the Currency Derivatives segment to cater to our retail clients. We are increasing the feature list of our existing trading products, and are also developing a digital platform for onboarding of clients to enable paperless account opening within hours of uploading of documents. There is potential in the stressed assets space, clubbed with mergers & acquisitions and backed by PE/buyout deals. We are also exploring the Alternative Investment Funds (AIF) space to increase our range of services. In order to extend quality services to our Investment Banking customers we are moving to the CRM platform. The Indian government is increasingly focusing on adopting digital technologies in the financial industry. How, according to you, can broking industry transform their businesses using these technologies? The Indian brokerage industry is already highly technology-oriented with the whole process from trading to settlement of trades being seamlessly electronic. With the exchanges now having allowed transfer/lien marking of stocks & funds on mobile phones, the digital trading mode is already gaining momentum. The digital trading platforms are likely to easily broaden and deepen over the next year
I - 10
or so. Although the market share of these platforms will improve only gradually, these are clearly the “way forward’ over the next two years. Multiple investment options and more product features will get enabled on these platforms over the next year or so, in turn increasing their market share. With increased focus on digitization and the effects of demonetization, the Tier-II and Tier-III cities should be the areas of focus in order to channelize the rich sources of savings from such cities into the securities market and mutual funds. Kindly share IDBI Capital Markets’ current financial performance. What are your company’s plans for expansion and growth over the next five years? The current year’s financial performance so far is in line with the assigned targets. There has been a quantum leap in the brokerage revenue, both in retail as well as institutional segments. During the year we have extended our presence in some of the Tier-I and Tier-II cities. Going forward, we will continue to leverage corporate relationships of our parent, as well as work with leading public sector banks to scale up M&A, PE & Capital Markets business and Resolution of Stressed Assets. We are also gearing up for our foray in the Middle East region by opening an office in Dubai, and are exploring collaboration with offshore investment banks and advisory firms. In your opinion what additional measures should be undertaken by the regulator to support the growth of Indian broking industry? At present the compliance costs are phenomenally high, leaving brokers with narrow margins. Support from the regulator and centralized KYC rather than multiple agencies (CKYC/KRA) can substantially bring down costs. Further, brokers are constrained to pass on such costs to the investors. Reduced costs will ultimately improve market participation. New initiatives like digitalization of KYC requirements (E-KYC) recently introduced by the Regulator, while laudable need to be looked at in a holistic perspective to provide the intended ease to investors. Issues like acceptance of POA in digital form should also be taken by SEBI with concerned departments. Interviews
India’s Leading BFSI Companies 2017
Interesting facts about the New India Assurance Company Limited and the General Insurance industry in India The sun never sets on New India Assurance, as it has a presence in 28 countries across the globe, and one or the other office works throughout the day 1. It is the First Indian insurer to commence its overseas operations from its 2nd year of operation in 1920, when telegraph was the fastest mode of communication; New India opened branches in London and in New York 2. New India is the First Indian insurer to insure domestic airlines (in 1946); aviation insurance was a business New India entered in the 1920s, and when JRD Tata embarked on his solo flight carrying mail from Karachi to Bombay in a Puss Moth in 1932, New India had insured his plane 3. The First Indian satellite was insured by New India (in 1981); India has launched 75 satellites until now, and one name that has been associated with the Indian space programme throughout has been New India; it is the pioneer of Satellite Insurance in India and continues to be the leader 4. New India was the First Indian insurer with health insurance policies even in the 1950s and early 1960s, and had a strong Corporate Group Health Insurance portfolio! Two decades later, New India’s Group Mediclaim policy for Citibank credit card holders was a popular and much copied group scheme in the 1980s 5. New India was the First to enter the General Insurance business in Jammu and Kashmir in 1931, by insuring a new palace built by Maharaja Hari Singh of Jammu and Kashmir opposite the Dal Lake in Srinagar for a premium of ` 1.5 lakh at that time 6. The First logo of New India depicted the political boundary of the entire Indian Subcontinent as the country was in 1919. New India’s logo itself has mirrored the map of India from its initial days; the logos changed with the nation, reflecting the aspirations of New India at every step in its progress 7. First to handle Hull Insurance of the Indian shipping fleet 8. First Indian insurer to set up an Engineering Insurance department in India
Interviews
I - 11
India’s Leading BFSI Companies 2017
I - 12
Interviews
L2
Alphabetical Listing
India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017 Sr No
Company Name
Segment
1
A. K. Capital Services Limited
NBFCs/FIs/Financial Services
2
AB Bank Limited
Banks
3
Abu Dhabi Commercial Bank
Banks
4
Aditya Birla Finance Limited
NBFCs/FIs/Financial Services
5
Aditya Birla Housing Finance Limited
NBFCs/FIs/Financial Services
6
Aditya Birla Money Limited
Broking
7
Aegon Life Insurance Company Limited
Life Insurance
8
Agriculture Insurance Company of India Limited
Non-Life Insurance
9
Allahabad Bank
Banks
10
American Express Banking Corp.
Banks
11
Andhra Bank
Banks
12
Andhra Pradesh State Financial Corporation
NBFCs/FIs/Financial Services
13
Apollo Munich Health Insurance Company Limited
Non-Life Insurance
14
Aspire Home Finance Corporation Limited
NBFCs/FIs/Financial Services
15
Australia and New Zealand Banking Group Limited
Banks
16
Aviva Life Insurance Company India Limited
Life Insurance
17
Axis Asset Management Company Limited
AMCs
18
Axis Bank Limited
Banks
19
Axis Capital Limited
Broking
20
Axis Finance Limited
NBFCs/FIs/Financial Services
21
Axis Securities Limited
Broking
22
Bajaj Allianz General Insurance Company Limited
Non-Life Insurance
23
Bajaj Allianz Life Insurance Company Limited
Life Insurance
24
Bajaj Finance Limited
NBFCs/FIs/Financial Services
25
Bajaj Holdings & Investment Limited
NBFCs/FIs/Financial Services
26
Balmer Lawrie Investments Limited
NBFCs/FIs/Financial Services
27
Bandhan Bank Limited
Banks
28
Bank of America, N.A.
Banks
29
Bank of Bahrain & Kuwait B.S.C.
Banks
Alphabetical Listing
India’s Leading BFSI Companies 2017
Sr No
Company Name
Segment
30
Bank of Baroda
Banks
31
Bank of Ceylon
Banks
32
Bank of India
Banks
33
Bank of Maharashtra
Banks
34
The Bank of Nova Scotia
Banks
35
The Bank of Tokyo-Mitsubishi UFJ, Limited
Banks
36
Barclays Bank PLC
Banks
37
Baroda Pioneer Asset Management Company Limited
AMCs
38
Bharatiya Mahila Bank Limited
Banks
39
Bharti AXA General Insurance Company Limited
Non-Life Insurance
40
Bharti AXA Life Insurance Company Limited
Life Insurance
41
Birla Sun Life Asset Management Company Limited
AMCs
42
Birla Sun Life Insurance Company Limited
Life Insurance
43
BLB Limited
Broking
44
BNP Paribas
Banks
45
BNP Paribas Asset Management India Private Limited
AMCs
46
BSE Limited
NBFCs/FIs/Financial Services
47
Can Fin Homes Limited
NBFCs/FIs/Financial Services
48
Canara Bank
Banks
49
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Life Insurance
50
Canara Robeco Asset Management Company Limited
AMCs
51
Capital First Limited
NBFCs/FIs/Financial Services
52
The Catholic Syrian Bank Limited
Banks
53
Central Bank of India
Banks
54
Central Depository Services (India) Limited
NBFCs/FIs/Financial Services
55
Cholamandalam Investment and Finance Company Limited
NBFCs/FIs/Financial Services
56
Cholamandalam MS General Insurance Company Limited
Non-Life Insurance
57
Cigna TTK Health Insurance Company Limited
Non-Life Insurance
58
Citibank N.A.
Banks
L3
L4
Alphabetical Listing Sr No
India’s Leading BFSI Companies 2017
Company Name
Segment
59
City Union Bank Limited
Banks
60
The Clearing Corporation of India Limited
NBFCs/FIs/Financial Services
61
Commonwealth Bank Of Australia
Banks
62
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Banks
63
Corporation Bank
Banks
64
Credila Financial Services Private Limited
NBFCs/FIs/Financial Services
65
Crédit Agricole Corporate & Investment Bank
Banks
66
Credit Suisse AG
Banks
67
CSL Finance Limited
NBFCs/FIs/Financial Services
68
CTBC Bank Company, Limited
Banks
69
DBS Bank Limited
Banks
70
DCB Bank Limited
Banks
71
Dena Bank
Banks
72
Deutsche Bank AG
Banks
73
Dewan Housing Finance Corporation Limited
NBFCs/FIs/Financial Services
74
Dhanlaxmi Bank Limited
Banks
75
DHFL Pramerica Life Insurance Company Limited
Life Insurance
76
Doha Bank
Banks
77
DSP BlackRock Investment Managers Private Limited
AMCs
78
ECGC Limited
Non-Life Insurance
79
ECL Finance Limited
NBFCs/FIs/Financial Services
80
Edelweiss Broking Limited
Broking
81
Edelweiss Finance & Investments Limited
NBFCs/FIs/Financial Services
82
Edelweiss Financial Services Limited
NBFCs/FIs/Financial Services
83
Edelweiss Housing Finance Limited
NBFCs/FIs/Financial Services
84
Edelweiss Retail Finance Limited
NBFCs/FIs/Financial Services
85
Edelweiss Securities Limited
Broking
86
Edelweiss Tokio Life Insurance Company Limited
Life Insurance
87
Emkay Global Financial Services Limited
Broking
88
Exide Life Insurance Company Limited
Life Insurance
89
Export-Import Bank of India
NBFCs/FIs/Financial Services
90
Family Credit Limited
NBFCs/FIs/Financial Services
91
The Federal Bank Limited
Banks
Alphabetical Listing
India’s Leading BFSI Companies 2017
Sr No
Company Name
Segment
92
FirstRand Bank Limited
Banks
93
Fullerton India Credit Company Limited
NBFCs/FIs/Financial Services
94
Future Generali India Insurance Company Limited
Non-Life Insurance
95
Future Generali India Life Insurance Company Limited
Life Insurance
96
General Insurance Corporation of India
Non-Life Insurance
97
Geojit Financial Services Limited
Broking
98
GIC Housing Finance Limited
NBFCs/FIs/Financial Services
99
GRUH Finance Limited
NBFCs/FIs/Financial Services
100
HDB Financial Services Limited
NBFCs/FIs/Financial Services
101
HDFC Asset Management Company Limited
AMCs
102
HDFC Bank Limited
Banks
103
HDFC ERGO General Insurance Company Limited
Non-Life Insurance
104
HDFC General Insurance Limited
Non-Life Insurance
105
HDFC Investments Limited
NBFCs/FIs/Financial Services
106
HDFC Securities Limited
Broking
107
HDFC Standard Life Insurance Company Limited
Life Insurance
108
Hinduja Leyland Finance Limited
NBFCs/FIs/Financial Services
109
The Hongkong and Shanghai Banking Corporation Limited
Banks
110
Housing and Urban Development Corporation Limited
NBFCs/FIs/Financial Services
111
Housing Development Finance Corporation Limited
NBFCs/FIs/Financial Services
112
HSBC Asset Management (India) Private Limited
AMCs
113
ICICI Bank Limited
Banks
114
ICICI Home Finance Company Limited
NBFCs/FIs/Financial Services
115
ICICI Lombard General Insurance Company Limited
Non-Life Insurance
116
ICICI Prudential Asset Management Company Limited
AMCs
117
ICICI Prudential Life Insurance Company Limited
Life Insurance
118
ICICI Securities Limited
Broking
119
ICICI Securities Primary Dealership Limited
NBFCs/FIs/Financial Services
120
IDBI Asset Management Limited
AMCs
121
IDBI Bank Limited
Banks
122
IDBI Federal Life Insurance Company Limited
Life Insurance
123
IDFC Asset Management Company Limited
AMCs
124
IDFC Bank Limited
Banks
L5
L6
Alphabetical Listing Sr No
India’s Leading BFSI Companies 2017
Company Name
Segment
125
IDFC Limited
NBFCs/FIs/Financial Services
126
IDFC Securities Limited
Broking
127
IFCI Factors Limited
NBFCs/FIs/Financial Services
128
IFCI Limited
NBFCs/FIs/Financial Services
129
IFFCO-TOKIO General Insurance Company Limited
Non-Life Insurance
130
IIFL Holdings Limited
NBFCs/FIs/Financial Services
131
IL&FS Financial Services Limited
NBFCs/FIs/Financial Services
132
India Infoline Finance Limited
NBFCs/FIs/Financial Services
133
India Infoline Housing Finance Limited
NBFCs/FIs/Financial Services
134
India Infoline Insurance Brokers Limited
NBFCs/FIs/Financial Services
135
India Infoline Limited
Broking
136
India Infrastructure Finance Company Limited
NBFCs/FIs/Financial Services
137
Indiabulls Commercial Credit Limited
NBFCs/FIs/Financial Services
138
Indiabulls Housing Finance Limited
NBFCs/FIs/Financial Services
139
Indiabulls Ventures Limited
Broking
140
IndiaFirst Life Insurance Company Limited
Life Insurance
141
Indian Bank
Banks
142
Indian Clearing Corporation Limited
NBFCs/FIs/Financial Services
143
Indian Overseas Bank
Banks
144
Indian Railway Finance Corporation Limited
NBFCs/FIs/Financial Services
145
Indian Renewable Energy Development Agency Limited
NBFCs/FIs/Financial Services
146
IndoStar Capital Finance Limited
NBFCs/FIs/Financial Services
147
IndusInd Bank Limited
Banks
148
Industrial and Commercial Bank of China Limited
Banks
149
Intec Capital Limited
NBFCs/FIs/Financial Services
150
Invesco Asset Management (India) Private Limited
AMCs
151
The Jammu and Kashmir Bank Limited
Banks
152
JM Financial Asset Management Limited
AMCs
153
JM Financial Credit Solutions Limited
NBFCs/FIs/Financial Services
154
JM Financial Limited
NBFCs/FIs/Financial Services
155
JP Morgan Chase Bank N.A.
Banks
156
The Karnataka Bank Limited
Banks
157
Karnataka State Financial Corporation
NBFCs/FIs/Financial Services
Alphabetical Listing
India’s Leading BFSI Companies 2017
Sr No
Company Name
Segment
158
The Karur Vysya Bank Limited
Banks
159
KBC Bank NV
Banks
160
KEB Hana Bank
Banks
161
Kotak Mahindra Asset Management Company Limited
AMCs
162
Kotak Mahindra Bank Limited
Banks
163
Kotak Mahindra Investments Limited
NBFCs/FIs/Financial Services
164
Kotak Mahindra Old Mutual Life Insurance Limited
Life Insurance
165
Kotak Mahindra Prime Limited
NBFCs/FIs/Financial Services
166
Kotak Securities Limited
Broking
167
Krung Thai Bank Public Company Limited
Banks
168
L&T Finance Limited
NBFCs/FIs/Financial Services
169
L&T FinCorp Limited
NBFCs/FIs/Financial Services
170
L&T Housing Finance Limited
NBFCs/FIs/Financial Services
171
L&T Infra Debt Fund Limited
NBFCs/FIs/Financial Services
172
L&T Infrastructure Finance Company Limited
NBFCs/FIs/Financial Services
173
L&T Investment Management Limited
AMCs
174
The Lakshmi Vilas Bank Limited
Banks
175
Liberty Videocon General Insurance Company Limited
Non-Life Insurance
176
LIC Housing Finance Limited
NBFCs/FIs/Financial Services
177
LIC Mutual Fund Asset Management Limited
AMCs
178
Life Insurance Corporation of India
Life Insurance
179
LKP Finance Limited
NBFCs/FIs/Financial Services
180
Magma Fincorp Limited
NBFCs/FIs/Financial Services
181
MAGMA HDI General Insurance Company Limited
Non-Life Insurance
182
Magma Housing Finance
NBFCs/FIs/Financial Services
183
Mahindra & Mahindra Financial Services Limited
NBFCs/FIs/Financial Services
184
Mahindra Rural Housing Finance Limited
NBFCs/FIs/Financial Services
185
Manappuram Finance Limited
NBFCs/FIs/Financial Services
186
Manipal Housing Finance Syndicate Limited
NBFCs/FIs/Financial Services
187
Mashreqbank PSC
Banks
188
Max Bupa Health Insurance Company Limited
Non-Life Insurance
189
Max Life Insurance Company Limited
Life Insurance
190
Mirae Asset Global Investments (India) Private Limited
AMCs
L7
L8
Alphabetical Listing Sr No
India’s Leading BFSI Companies 2017
Company Name
Segment
191
Mizuho Bank Limited
Banks
192
Motilal Oswal Asset Management Company Limited
AMCs
193
Motilal Oswal Financial Services Limited
NBFCs/FIs/Financial Services
194
Motilal Oswal Securities Limited
Broking
195
Muthoot Capital Services Limited
NBFCs/FIs/Financial Services
196
Muthoot Finance Limited
NBFCs/FIs/Financial Services
197
Muthoot Fincorp Limited
NBFCs/FIs/Financial Services
198
Nabard Financial Services Limited
NBFCs/FIs/Financial Services
199
The Nainital Bank Limited
Banks
200
National Australia Bank Limited
Banks
201
National Bank for Agriculture and Rural Development
NBFCs/FIs/Financial Services
202
National Commodity & Derivatives Exchange Limited
NBFCs/FIs/Financial Services
203
National Housing Bank
NBFCs/FIs/Financial Services
204
National Insurance Company Limited
Non-Life Insurance
205
The National Securities Clearing Corporation Limited
NBFCs/FIs/Financial Services
206
National Securities Depository Limited
NBFCs/FIs/Financial Services
207
The National Small Industries Corporation Limited
NBFCs/FIs/Financial Services
208
National Stock Exchange of India Limited
NBFCs/FIs/Financial Services
209
The New India Assurance Company Limited
Non-Life Insurance
210
North Eastern Development Finance Corporation Limited
NBFCs/FIs/Financial Services
211
Oriental Bank of Commerce
Banks
212
The Oriental Insurance Company Limited
Non-Life Insurance
213
Pilani Investment and Industries Corporation Limited
NBFCs/FIs/Financial Services
214
PNB Gilts Limited
NBFCs/FIs/Financial Services
215
PNB Housing Finance Limited
NBFCs/FIs/Financial Services
216
PNB MetLife India Insurance Company Limited
Life Insurance
217
Power Finance Corporation Limited
NBFCs/FIs/Financial Services
218
Principal Pnb Asset Management Company Private Limited
AMCs
219
PTC India Financial Services Limited
NBFCs/FIs/Financial Services
220
Punjab & Sind Bank
Banks
221
Punjab National Bank
Banks
222
Raheja QBE General Insurance Company Limited
Non-Life Insurance
223
RBL Bank Limited
Banks
Alphabetical Listing
India’s Leading BFSI Companies 2017
Sr No
Company Name
Segment
224
Reliance Capital Limited
NBFCs/FIs/Financial Services
225
Reliance General Insurance Company Limited
Non-Life Insurance
226
Reliance Home Finance Limited
NBFCs/FIs/Financial Services
227
Reliance Nippon Life Asset Management Limited
AMCs
228
Reliance Nippon Life Insurance Company Limited
Life Insurance
229
Reliance Securities Limited
Broking
230
Religare Capital Markets Limited
Broking
231
Religare Enterprises Limited
NBFCs/FIs/Financial Services
232
Religare Finvest Limited
NBFCs/FIs/Financial Services
233
Religare Health Insurance Company Limited
Non-Life Insurance
234
Religare Housing Development Finance Corporation Limited
NBFCs/FIs/Financial Services
235
The Royal Bank of Scotland N.V.
Banks
236
Royal Sundaram General Insurance Company Limited
Non-Life Insurance
237
Rural Electrification Corporation Limited
NBFCs/FIs/Financial Services
238
S. E. Investments Limited
NBFCs/FIs/Financial Services
239
Sahara India Life Insurance Company Limited
Life Insurance
240
Sakthi Finance Limited
NBFCs/FIs/Financial Services
241
Satin Creditcare Network Limited
NBFCs/FIs/Financial Services
242
Sberbank
Banks
243
SBI DFHI Limited
NBFCs/FIs/Financial Services
244
SBI Funds Management Private Limited
AMCs
245
SBI General Insurance Company Limited
Non-Life Insurance
246
SBI Life Insurance Company Limited
Life Insurance
247
SBM Bank (Mauritius) Limited
Banks
248
SHCIL Services Limited
Broking
249
Shinhan Bank
Banks
250
Shriram City Union Finance Limited
NBFCs/FIs/Financial Services
251
Shriram General Insurance Company Limited
Non-Life Insurance
252
Shriram Housing Finance Limited
NBFCs/FIs/Financial Services
253
Shriram Life Insurance Company Limited
Life Insurance
254
Shriram Transport Finance Company Limited
NBFCs/FIs/Financial Services
255
SICOM Limited
NBFCs/FIs/Financial Services
256
Small Industries Development Bank of India
NBFCs/FIs/Financial Services
L9
L 10
Alphabetical Listing
Sr No
India’s Leading BFSI Companies 2017
Company Name
Segment
257
SMC Global Securities Limited
Broking
258
Societe Generale
Banks
259
The South Indian Bank Limited
Banks
260
SREI Infrastructure Finance Limited
NBFCs/FIs/Financial Services
261
Standard Chartered Bank
Banks
262
Star Health and Allied Insurance Company Limited
Non-Life Insurance
263
Star Union Dai-Ichi Life Insurance Company Limited
Life Insurance
264
State Bank of Bikaner & Jaipur
Banks
265
State Bank of Hyderabad
Banks
266
State Bank of India
Banks
267
State Bank of Mysore
Banks
268
State Bank of Patiala
Banks
269
State Bank of Travancore
Banks
270
STCI Finance Limited
NBFCs/FIs/Financial Services
271
STCI Primary Dealer Limited
NBFCs/FIs/Financial Services
272
Stock Holding Corporation of India Limited
NBFCs/FIs/Financial Services
273
Sumitomo Mitsui Banking Corporation
Banks
274
Sundaram Asset Management Company Limited
AMCs
275
Sundaram BNP Paribas Home Finance Limited
NBFCs/FIs/Financial Services
276
Sundaram Finance Limited
NBFCs/FIs/Financial Services
277
Sustainable Agro-Commercial Finance Limited
NBFCs/FIs/Financial Services
278
Syndicate Bank
Banks
279
Tamilnad Mercantile Bank Limited
Banks
280
Tata AIA Life Insurance Company Limited
Life Insurance
281
Tata AIG General Insurance Company Limited
Non-Life Insurance
282
Tata Asset Management Limited
AMCs
283
Tata Capital Financial Services Limited
NBFCs/FIs/Financial Services
284
Tata Capital Housing Finance Limited
NBFCs/FIs/Financial Services
285
Tata Cleantech Capital Limited
NBFCs/FIs/Financial Services
286
Tata Investment Corporation Limited
NBFCs/FIs/Financial Services
287
Tata Motors Finance Limited
NBFCs/FIs/Financial Services
288
Tata Motors Finance Solutions Limited
NBFCs/FIs/Financial Services
289
Tourism Finance Corporation of India Limited
NBFCs/FIs/Financial Services
Alphabetical Listing
India’s Leading BFSI Companies 2017
Company Name
Segment
290
UCO Bank
Banks
291
Ujjivan Financial Services Limited
NBFCs/FIs/Financial Services
292
Union Bank of India
Banks
293
United Bank of India
Banks
294
United India Insurance Company Limited
Non-Life Insurance
295
United Overseas Bank
Banks
296
Universal Sompo General Insurance Company Limited
Non-Life Insurance
297
UTI Asset Management Company Limited
AMCs
298
Vijaya Bank
Banks
299
Vistaar Financial Services Private Limited
NBFCs/FIs/Financial Services
300
Weizmann Forex Limited
NBFCs/FIs/Financial Services
301
Westpac Banking Corporation
Banks
302
Woori Bank
Banks
303
Yes Bank Limited
Banks
TRANSFORM YOUR BRANCH Instant Debit & Credit Cards V ISSUA EM N CE
SELECTION
A
G IN
T OUN OPEN CC
Y ENC CARD RG
CE PLA MEN T RE
EM E
N PI
NEW
Sr No
L 11
Committed to Infotech
Toward Customized Banking: Winsoft’s unique Relationship Based pricing solution (SmartRP) for India’s 3rd largest private sector Bank!
In 2013, one of our customers, India’s 3rd largest private sector bank, was trying to offer product customization to its corporate banking customers. However, it was struggling with challenges such as errors in excel worksheets, loss of data, the risk of losing its reputation and the attendant financial loss. The Bank had no enterprise view of its corporate customers to understand their account performance, and was handling its pricing inconsistently across lines of business.
Winsoft’s SmartRP comprises of 5 basic building blocks:
Winsoft’s SmartRP allows the Bank to:
It was not able to provide its product managers the kind of flexibility that was needed to support both ‘Rate Card’ and ‘Negotiated Approaches’, and was manually trying to predict the profitability of its account relationships. Winsoft built a comprehensive Cost Benefits Analysis (SmartRP) application after engaging with technology and product teams of the Bank. Today, the Bank uses Winsoft’s SmartRP application across its branches in India with over 3,000 concurrent users, and is able to customize thousands of corporate customer requests across various products, most prominently Current Account and Forex. It can be integrated with Infosys Finacle, Suntek TBMS, and more data connectors are available.
And derive these “KEY BENEFITS”:
The product has been such a success story in the Bank that it was singled out for an ‘IT Star Award’! Winsoft’s SmartRP has helped the Bank deepen its relationships across the spectrum of corporate customers, improve its time-tomarket with these product customizations and process thousands of requests each month. More importantly, it allows the Bank to create and evaluate ‘what-if’ scenarios based on these customizations, and to forecast its profits (or losses) from these actions. Winsoft’s SmartRP offers a ‘Relationship-based Pricing Solution’ and fits behind the Bank’s core banking platform:
About Winsoft Technologies India Pvt Ltd. Winsoft Technologies consistently drives positive business outcomes for global enterprises by providing mission critical software applications & services. Winsoft Technologies offers a consulting-led, integrated portfolio of BFSI software solutions and services. A proud Member of NASSCOM, Winsoft Technologies has a strong industry presence of more than 20 years with domain expertise in financial applications. With solid technology expertise adding many firsts to our credit - We pioneered automated Interactive Voice based client servicing for the Depository segment, and ours was the first unified technology platform to be used for internet equity trading on BSE/NSE, we offer a singular blend of expertise in both business domain AND technology. Which is why India’s top 6 private sector banks depend on our talented, dedicated teams and on our software for high volume mutual fund & insurance distribution and income calculation; in managing pension contributions (NPS and APY), in handling DEMAT securities, in channeling state tax contributions or use one of our many other software applications to deepen their client relationships. To know how we can help you, visit us at www.winsoftech.com or write us at
[email protected]
Total Income Listing
India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017 Sr No
Banks
Sector
Total Income (` mn)
1
State Bank of India
Public
1,918,436.7
2
HDFC Bank Limited
Private
709,731.7
3
ICICI Bank Limited
Private
680,624.9
4
Punjab National Bank
Public
543,013.7
5
Axis Bank Limited
Private
503,595.0
6
Bank of Baroda
Public
490,601.4
7
Canara Bank
Public
488,973.6
8
Bank of India
Public
454,490.1
9
Union Bank of India
Public
358,305.4
10
IDBI Bank Limited
Public
314,534.6
11
Central Bank of India
Public
278,266.8
12
Indian Overseas Bank
Public
260,455.5
13
Syndicate Bank
Public
257,065.1
14
Oriental Bank of Commerce
Public
218,249.9
15
Corporation Bank
Public
211,464.0
16
Allahabad Bank
Public
207,950.7
17
UCO Bank
Public
201,572.8
18
Andhra Bank
Public
191,991.5
19
Kotak Mahindra Bank Limited
Private
189,964.2
20
Indian Bank
Public
180,252.0
21
Yes Bank Limited
Private
162,455.9
22
State Bank of Hyderabad
Public
156,327.8
23
IndusInd Bank Limited
Private
148,776.1
24
Bank of Maharashtra
Public
140,722.8
25
Citibank N.A.
Foreign
138,629.8
26
Vijaya Bank
Public
129,574.4
27
Standard Chartered Bank
Foreign
120,125.8
28
State Bank of Patiala
Public
115,784.6
29
United Bank of India
Public
114,042.0
3
4
Total Income Listing Sr No
India’s Leading BFSI Companies 2017
Banks
Sector
Total Income (` mn)
30
Dena Bank
Public
113,625.3
31
State Bank of Travancore
Public
107,570.7
32
State Bank of Bikaner & Jaipur
Public
106,495.2
33
The Hongkong and Shanghai Banking Corporation Limited
Foreign
103,082.2
34
Punjab & Sind Bank
Public
92,228.3
35
The Federal Bank Limited
Private
85,310.7
36
State Bank of Mysore
Public
79,378.5
37
The Jammu and Kashmir Bank Limited
Private
73,476.0
38
The Karur Vysya Bank Limited
Private
61,502.2
39
The South Indian Bank Limited
Private
60,746.2
40
Deutsche Bank AG
Foreign
59,131.9
41
The Karnataka Bank Limited
Private
55,350.7
42
IDFC Bank Limited
Private
40,520.3
43
Tamilnad Mercantile Bank Limited
Private
35,706.7
44
City Union Bank Limited
Private
33,541.9
45
RBL Bank Limited
Private
32,348.5
46
The Lakshmi Vilas Bank Limited
Private
28,728.3
47
JP Morgan Chase Bank N.A.
Foreign
26,337.4
48
Bank of America, N.A.
Foreign
25,996.4
49
BNP Paribas
Foreign
24,012.1
50
DBS Bank Limited
Foreign
23,718.8
51
Barclays Bank PLC
Foreign
20,658.0
52
DCB Bank Limited
Private
19,189.2
53
Bandhan Bank Limited
Private
17,312.5
54
The Catholic Syrian Bank Limited
Private
15,875.7
55
The Bank of Tokyo-Mitsubishi UFJ, Limited
Foreign
14,777.8
56
The Royal Bank of Scotland N.V.
Foreign
13,589.8
57
Dhanlaxmi Bank Limited
Private
12,810.0
58
American Express Banking Corp.
Foreign
10,488.8
59
Mizuho Bank Limited
Foreign
8,372.6
60
Credit Suisse AG
Foreign
8,123.4
61
The Bank of Nova Scotia
Foreign
7,462.3
Total Income Listing
India’s Leading BFSI Companies 2017
Sr No
Banks
Sector
Total Income (` mn)
62
Sumitomo Mitsui Banking Corporation
Foreign
6,546.1
63
The Nainital Bank Limited
Private
5,650.6
64
Crédit Agricole Corporate & Investment Bank
Foreign
5,082.4
65
Societe Generale
Foreign
4,814.0
66
Australia and New Zealand Banking Group Limited
Foreign
4,300.5
67
Shinhan Bank
Foreign
3,591.4
68
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Foreign
2,473.8
69
Abu Dhabi Commercial Bank
Foreign
2,068.4
70
Westpac Banking Corporation
Foreign
1,724.0
71
Bharatiya Mahila Bank Limited
Public
1,716.1
72
FirstRand Bank Limited
Foreign
1,621.7
73
SBM Bank (Mauritius) Limited
Foreign
1,430.5
74
Industrial and Commercial Bank of China Limited
Foreign
1,391.5
75
Bank of Bahrain & Kuwait B.S.C.
Foreign
1,364.9
76
United Overseas Bank
Foreign
1,164.0
77
Woori Bank
Foreign
772.3
78
National Australia Bank Limited
Foreign
634.3
79
CTBC Bank Company, Limited
Foreign
598.7
80
Mashreqbank PSC
Foreign
444.5
81
Sberbank
Foreign
437.1
82
KBC Bank NV
Foreign
423.3
83
Bank of Ceylon
Foreign
414.8
84
Doha Bank
Foreign
402.0
85
AB Bank Limited
Foreign
357.8
86
KEB Hana Bank
Foreign
344.8
87
Commonwealth Bank Of Australia
Foreign
293.2
88
Krung Thai Bank Public Company Limited
Foreign
278.1
5
6
Total Income Listing
India’s Leading BFSI Companies 2017
Public Banks Sr No
Banks
Total Income (` mn)
1
State Bank of India
1,918,436.7
2
Punjab National Bank
543,013.7
3
Bank of Baroda
490,601.4
4
Canara Bank
488,973.6
5
Bank of India
454,490.1
6
Union Bank of India
358,305.4
7
IDBI Bank Limited
314,534.6
8
Central Bank of India
278,266.8
9
Indian Overseas Bank
260,455.5
10
Syndicate Bank
257,065.1
11
Oriental Bank of Commerce
218,249.9
12
Corporation Bank
211,464.0
13
Allahabad Bank
207,950.7
14
UCO Bank
201,572.8
15
Andhra Bank
191,991.5
16
Indian Bank
180,252.0
17
State Bank of Hyderabad
156,327.8
18
Bank of Maharashtra
140,722.8
19
Vijaya Bank
129,574.4
20
State Bank of Patiala
115,784.6
21
United Bank of India
114,042.0
22
Dena Bank
113,625.3
23
State Bank of Travancore
107,570.7
24
State Bank of Bikaner & Jaipur
106,495.2
25
Punjab & Sind Bank
92,228.3
26
State Bank of Mysore
79,378.5
27
Bharatiya Mahila Bank Limited
1,716.1
India’s Leading BFSI Companies 2017
Total Income Listing
Private Banks Sr No
Banks
Total Income (` mn)
1
HDFC Bank Limited
709,731.7
2
ICICI Bank Limited
680,624.9
3
Axis Bank Limited
503,595.0
4
Kotak Mahindra Bank Limited
189,964.2
5
Yes Bank Limited
162,455.9
6
IndusInd Bank Limited
148,776.1
7
The Federal Bank Limited
85,310.7
8
The Jammu and Kashmir Bank Limited
73,476.0
9
The Karur Vysya Bank Limited
61,502.2
10
The South Indian Bank Limited
60,746.2
11
The Karnataka Bank Limited
55,350.7
12
IDFC Bank Limited
40,520.3
13
Tamilnad Mercantile Bank Limited
35,706.7
14
City Union Bank Limited
33,541.9
15
RBL Bank Limited
32,348.5
16
The Lakshmi Vilas Bank Limited
28,728.3
17
DCB Bank Limited
19,189.2
18
Bandhan Bank Limited
17,312.5
19
The Catholic Syrian Bank Limited
15,875.7
20
Dhanlaxmi Bank Limited
12,810.0
21
The Nainital Bank Limited
5,650.6
7
8
Total Income Listing
India’s Leading BFSI Companies 2017
Foreign Banks Sr No
Banks
Total Income (` mn)
1
Citibank N.A.
138,629.8
2
Standard Chartered Bank
120,125.8
3
The Hongkong and Shanghai Banking Corporation Limited
103,082.2
4
Deutsche Bank AG
59,131.9
5
JP Morgan Chase Bank N.A.
26,337.4
6
Bank of America, N.A.
25,996.4
7
BNP Paribas
24,012.1
8
DBS Bank Limited
23,718.8
9
Barclays Bank PLC
20,658.0
10
The Bank of Tokyo-Mitsubishi UFJ, Limited
14,777.8
11
The Royal Bank of Scotland N.V.
13,589.8
12
American Express Banking Corp.
10,488.8
13
Mizuho Bank Limited
8,372.6
14
Credit Suisse AG
8,123.4
15
The Bank of Nova Scotia
7,462.3
16
Sumitomo Mitsui Banking Corporation
6,546.1
17
Crédit Agricole Corporate & Investment Bank
5,082.4
18
Societe Generale
4,814.0
19
Australia and New Zealand Banking Group Limited
4,300.5
20
Shinhan Bank
3,591.4
21
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
2,473.8
22
Abu Dhabi Commercial Bank
2,068.4
23
Westpac Banking Corporation
1,724.0
24
FirstRand Bank Limited
1,621.7
25
SBM Bank (Mauritius) Limited
1,430.5
26
Industrial and Commercial Bank of China Limited
1,391.5
27
Bank of Bahrain & Kuwait B.S.C.
1,364.9
28
United Overseas Bank
1,164.0
29
Woori Bank
772.3
India’s Leading BFSI Companies 2017
Sr No
Banks
Total Income Listing
Total Income (` mn)
30
National Australia Bank Limited
634.3
31
CTBC Bank Company, Limited
598.7
32
Mashreqbank PSC
444.5
33
Sberbank
437.1
34
KBC Bank NV
423.3
35
Bank of Ceylon
414.8
36
Doha Bank
402.0
37
AB Bank Limited
357.8
38
KEB Hana Bank
344.8
39
Commonwealth Bank Of Australia
293.2
40
Krung Thai Bank Public Company Limited
278.1
9
Total Business Listing
India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017 Sr No
Banks
Sector
Total Business (` mn)
1
State Bank of India
Public
31,944,228.5
2
HDFC Bank Limited
Private
10,110,181.5
3
Punjab National Bank
Public
9,653,769.3
4
Bank of Baroda
Public
9,578,080.5
5
Bank of India
Public
8,721,934.8
6
ICICI Bank Limited
Private
8,566,896.5
7
Canara Bank
Public
8,045,063.9
8
Axis Bank Limited
Private
6,967,412.8
9
Union Bank of India
Public
6,100,740.1
10
IDBI Bank Limited
Public
4,816,132.8
11
Syndicate Bank
Public
4,631,038.3
12
Central Bank of India
Public
4,461,937.8
13
Indian Overseas Bank
Public
3,853,749.1
14
Oriental Bank of Commerce
Public
3,577,948.1
15
Allahabad Bank
Public
3,530,164.5
16
Corporation Bank
Public
3,454,930.8
17
UCO Bank
Public
3,330,236.1
18
Indian Bank
Public
3,073,349.2
19
Andhra Bank
Public
3,050,902.9
20
Kotak Mahindra Bank Limited
Private
2,573,083.2
21
State Bank of Hyderabad
Public
2,482,394.1
22
Bank of Maharashtra
Public
2,465,524.9
23
Vijaya Bank
Public
2,144,276.8
24
Yes Bank Limited
Private
2,099,294.6
25
Dena Bank
Public
1,997,593.0
26
State Bank of Patiala
Public
1,891,393.7
27
United Bank of India
Public
1,844,614.8
28
IndusInd Bank Limited
Private
1,814,196.9
29
State Bank of Bikaner & Jaipur
Public
1,669,323.1
11
12
Total Business Listing Sr No
India’s Leading BFSI Companies 2017
Banks
Sector
Total Business (` mn)
30
State Bank of Travancore
Public
1,665,850.7
31
Citibank N.A.
Foreign
1,617,658.7
32
Punjab & Sind Bank
Public
1,551,660.4
33
The Hongkong and Shanghai Banking Corporation Limited
Foreign
1,429,140.9
34
Standard Chartered Bank
Foreign
1,417,291.1
35
The Federal Bank Limited
Private
1,372,618.5
36
State Bank of Mysore
Public
1,245,224.7
37
The Jammu and Kashmir Bank Limited
Private
1,195,835.4
38
The South Indian Bank Limited
Private
968,064.8
39
The Karur Vysya Bank Limited
Private
891,632.8
40
Deutsche Bank AG
Foreign
869,630.5
41
The Karnataka Bank Limited
Private
843,906.6
42
IDFC Bank Limited
Private
539,184.8
43
Tamilnad Mercantile Bank Limited
Private
529,465.8
44
City Union Bank Limited
Private
482,150.5
45
RBL Bank Limited
Private
455,777.3
46
The Lakshmi Vilas Bank Limited
Private
450,747.0
47
BNP Paribas
Foreign
420,768.6
48
DBS Bank Limited
Foreign
410,806.3
49
Barclays Bank PLC
Foreign
318,255.9
50
DCB Bank Limited
Private
278,473.7
51
JP Morgan Chase Bank N.A.
Foreign
267,005.2
52
Bank of America, N.A.
Foreign
253,850.0
53
Bandhan Bank Limited
Private
245,262.9
54
The Catholic Syrian Bank Limited
Private
222,910.5
55
Dhanlaxmi Bank Limited
Private
183,064.4
56
The Bank of Tokyo-Mitsubishi UFJ, Limited
Foreign
159,203.7
57
Mizuho Bank Limited
Foreign
146,088.9
58
The Royal Bank of Scotland N.V.
Foreign
115,013.7
59
The Bank of Nova Scotia
Foreign
96,400.5
60
Credit Suisse AG
Foreign
85,173.8
61
Sumitomo Mitsui Banking Corporation
Foreign
81,746.0
Total Business Listing
India’s Leading BFSI Companies 2017
Sr No
Banks
Sector
Total Business (` mn)
62
The Nainital Bank Limited
Private
79,966.7
63
Crédit Agricole Corporate & Investment Bank
Foreign
76,766.2
64
Societe Generale
Foreign
71,109.3
65
Shinhan Bank
Foreign
68,100.1
66
Australia and New Zealand Banking Group Limited
Foreign
47,242.7
67
Abu Dhabi Commercial Bank
Foreign
40,800.8
68
American Express Banking Corp.
Foreign
40,682.8
69
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
Foreign
33,223.6
70
Westpac Banking Corporation
Foreign
24,198.3
71
Bank of Bahrain & Kuwait B.S.C.
Foreign
21,482.4
72
Industrial and Commercial Bank of China Limited
Foreign
17,976.0
73
SBM Bank (Mauritius) Limited
Foreign
15,987.2
74
Bharatiya Mahila Bank Limited
Public
15,485.0
75
United Overseas Bank
Foreign
15,166.8
76
FirstRand Bank Limited
Foreign
10,968.2
77
CTBC Bank Company, Limited
Foreign
9,317.1
78
Woori Bank
Foreign
7,334.0
79
Doha Bank
Foreign
6,460.4
80
Commonwealth Bank Of Australia
Foreign
3,982.1
81
Bank of Ceylon
Foreign
3,944.8
82
Sberbank
Foreign
3,860.6
83
Krung Thai Bank Public Company Limited
Foreign
3,367.5
84
KEB Hana Bank
Foreign
3,262.6
85
Mashreqbank PSC
Foreign
3,156.8
86
AB Bank Limited
Foreign
2,127.8
87
National Australia Bank Limited
Foreign
1,034.9
88
KBC Bank NV
Foreign
374.0
13
India’s Leading BFSI Companies 2017
AB Bank Limited Liberty Building, 41-42, Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai - 400020, Maharashtra Website: www.abbl.com Business Profile AB Bank Ltd (ABBL) was incorporated in Bangladesh in 1981 and started its operation in April 1982. It established its first full-fledged overseas branch at Mumbai, India in the year 1996. ABBL primarily operates in retail banking, SME banking, corporate banking, project finance and Islamic banking among others. Under the retail banking, the bank offers deposit products such as Max Saver, Double Deposit Scheme (DDS), Monthly Saving Deposit Scheme (MSDS)
and Millionaire Scheme Account (MSA). The retail loan products offered by the bank include personal loan, education loan and home loan among others.
Dun & Bradstreet D-U-N-S® No 86-226-1513 Financials (` mn) 357.8
Total Income
2,127.8
Total Business
70.9
Net Profit Key Ratios (%)
5.1
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
8.4
Abu Dhabi Commercial Bank Rehmat Manzil, 75, Veer Nariman Road, Churchgate, Mumbai - 400020, Maharashtra Website: www.adcbindia.com Business Profile Abu Dhabi Commercial Bank (ADCB) started its India operations in 1980 as Emirates Commercial Bank in Mumbai. In 1985, ADCB was formed after the merger of three commercial banks operating in the UAE viz. Khaleej Commercial Bank, Emirates Commercial Bank and Federal Commercial Bank. ADCB in India operates in three business segments viz. retail, corporate and treasury operations. Under personal banking, it offers savings account and fixed
deposit services. Treasury operations include investment portfolio and foreign exchange operations. Under corporate banking, the bank undertakes lending activities including trade finance to borrowers. The retail banking business of the bank undertakes depository activities, portfolio investment activities, lending activity to individuals and SME’s along with mobilisation of deposits. It operates through branches in India located at Mumbai and Bengaluru.
Dun & Bradstreet D-U-N-S® No 65-028-0100 Financials (` mn) Total Income
2,068.4
Total Business
40,800.8 172.2
Net Profit Key Ratios (%)
5.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
9.7
Allahabad Bank 2, Netaji Subhas Road, Kolkata - 700001, WB Website: www.allahabadbank.com Business Profile Allahabad Bank (Allahabad Bank) was founded on April 24, 1865 and in October 2002 it came out with Initial Public Offer (IPO). Allahabad Bank is well spread out in India and one overseas Branch at Hong Kong, besides a Representative office at Shenzhen, China. It provides personal banking, social banking, MSME banking, Retail credit products, corporate banking and international banking facilities. The bank has launched a new product for opening of
Savings Bank account with an Android based smartphone named All bank Selfie. It deployed 42 new ATMs in FY16 thus bringing the total number of ATMs to 1,212 as on Mar 31, 2016. Allahabad Bank also launched RuPay Platinum Debit Card (International) in FY16. As on Mar 31, 2016, the bank had a total of 3,209 domestic branches.
Dun & Bradstreet D-U-N-S® No 65-007-7050 Financials (` mn) 207,950.7
Total Income
3,530,164.5
Total Business
(7,433.1)
Net Profit Key Ratios (%)
(4.2)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
2.8
American Express Banking Corp. Cyber City, Tower-C, DLF Bldg. No.8, Sector-25, DLF City Ph-II, Gurgaon - 122002, Haryana Website: www.americanexpress.com/in Business Profile American Express Banking Corp. (American Express) operates in India under two major business segments viz. treasury operations and banking operations. Under treasury operations, American Express provides services like investments for statutory liquid ratio requirements etc. Under banking operations, the bank provides products like card operations, travelers’ cheques distribution and institutional deposits. For its corporate clients, it offers The 14
American Express Platinum Corporate Card, The American Express Corporate Card, The American Express Purchasing Solutions and The NEW Jet Airways American Express Corporate Card. It also provides business travel account and corporate membership reward scheme, streamline payments to merchants and travel, motor, health and personal accident insurance schemes. During June 2016, it entered into alliance with SBI to expand the acceptance of the bank cards amongst merchants in India.
Dun & Bradstreet D-U-N-S® No 67-615-9269 Financials (` mn) Total Income
10,488.8
Total Business
40,682.8 (251.3)
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
21.0 21.1
India’s Leading BFSI Companies 2017
Andhra Bank Dr. Pattabhi Bhavan, 5-9-11, Saifabad, Hyderabad - 500004, Telangana Website: www.andhrabank.in Business Profile Andhra Bank (Andhra Bank), incorporated in 1923 primarily operates under retail, corporate, NRI, agriculture and MSME banking segments. Under retail banking, Andhra Bank offers deposit schemes, retail loans such as housing, vehicle, personal, mortgage loans etc. Under corporate banking, it offers services such as working capital loans, bill financing, term financing among others. Andhra bank provides loan facilities for agricultural and allied
activities including various schemes such as AB Kisan Rakshak, AB Kisan Chakra and AB Kisan Vikas Cards among others. Under MSME, the bank provides term finance, open cash credit and composite loan schemes to MSMEs. During FY16, Andhra Bank opened 296 Branches and added 1,404 ATMs/BNAs/CRs. The bank in association with BSNL and Pyro has successfully launched the cobranded prepaid card SpeedPay and launched a cobranded wallet with M/s Citrus during the year.
Dun & Bradstreet D-U-N-S® No 65-033-2562 Financials (` mn) 191,991.5
Total Income
3,050,902.9
Total Business
5,398.4
Net Profit Key Ratios (%)
7.4
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
8.6
Australia and New Zealand Banking Group Limited Cnergy, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025, Maharashtra Website: www.anz.com/india Business Profile Australia and New Zealand Banking Group Ltd (ANZ) commenced banking operations in India with the opening of its first branch in Mumbai in June 2011 and in May 2014, the bank received approval from the Reserve Bank of India (RBI) to open new branches in Gurgaon and in outer Bengaluru. ANZ offers various corporate banking products and services such as trade & supply chain solutions, cash management services, financing services and financial
markets solutions. The bank offers institutional banking services such as Indian Rupee and foreign currency services, working capital and term financing, transaction banking, foreign exchange and interest rate solutions, deposits and advisory services. It also offers economic & market research and financial market solutions. The bank offers various loan products such as vanilla short-term debt, working capital & term loan among others.
Dun & Bradstreet D-U-N-S® No 65-063-2651 Financials (` mn) Total Income
4,300.5
Total Business
47,242.7 475.6
Net Profit Key Ratios (%)
5.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
5.3
Axis Bank Limited Trishul, 3rd Floor, Opp. Samartheshwar Temple, Law Garden, Ellisbridge, Ahmedabad – 380006, Gujarat Website: www.axisbank.com Business Profile Axis Bank Ltd (Axis Bank) is a private sector bank in India, incorporated in 1993 and commenced its operations in 1994. The Bank offers financial services to various customer segments covering large and mid-corporates, MSME, agriculture and retail businesses. There are varieties of products, services and payment facilities offered such as accounts, cards, loans, forex, investments, and insurance amongst others. As on Mar 31, 2016, the bank has 2,904
domestic branches and 12,743 ATMs spread across the country. The overseas operations of the bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai, Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. During June 2016, Axis Bank signed a MoU with Kasikorn Bank, Thailand which will facilitate trade flows between India and Thailand.
Dun & Bradstreet D-U-N-S® No 72-520-8792 Financials (` mn) 503,595.0
Total Income
6,967,412.8
Total Business
82,236.6
Net Profit Key Ratios (%)
14.9
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
15.4
Bandhan Bank Limited DN 32, Sector V, Salt Lake City, Kolkata - 700091, WB Website: www.bandhanbank.com Business Profile Bandhan Bank Ltd (Bandhan Bank) was incorporated in Dec 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Ltd which is owned by Bandhan Financial Services Ltd (BFSL). Bandhan Bank received the approval of the Reserve Bank of India (RBI) for setting up a universal bank in Apr 2014. The bank works in three main segments namely accounts, loans and deposits. Under accounts, it offers products such as premium, standard and Sanchay savings
accounts as well as Biz premium, Biz advantage and Biz Samruddhi current accounts, among others. Bandhan Bank also provides loans like retail and MSMEs loans, Microloans and Agri loans. The bank offers its banking products and services to urban, semi-urban and rural customers alike. Bandhan Bank has a network of 2,022 branches spread across 22 Indian states and Union territories.
Dun & Bradstreet D-U-N-S® No 65-094-3868 Financials (` mn) Total Income
17,312.5
Total Business
245,262.9 2,752.5
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
NA NA
15
India’s Leading BFSI Companies 2017
Bank of America, N.A. Express Tower, Ground, 1st, 18th & 19th Floor, Nariman Point, Mumbai - 400021, Maharashtra Website: http://www.bofaml.com/en-us/content/apac-india.html Business Profile Bank of America, N.A. (BoA) started its operations in India through its Mumbai branch in 1964. Headquartered in Mumbai, the bank operates in India through five branches located across Mumbai, New Delhi, Kolkata, Chennai, and Bengaluru. BoA offers a comprehensive suite of financial products and solutions including a full range of banking, investing, asset management and other financial and risk management products and services. It primarily operates in
two business segments viz. treasury banking and corporate banking. Treasury operations include derivative trading, money market operations, investments in bonds, treasury bills, Government securities and foreign exchange operations among others. Corporate banking includes funded and non-funded facilities to customers, cash management activities and other fee-based activities among others. During FY15, the bank launched Bank of America Down Payment Resource Centre a web-based tool.
Dun & Bradstreet D-U-N-S® No 65-036-9341 Financials (` mn) Total Income
25,996.4
Total Business
253,850.0 7,098.7
Net Profit Key Ratios (%)
12.8
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
34.7
Bank of Bahrain & Kuwait B.S.C. Jolly Maker Chamber II, 225, Nariman Point, Mumbai - 400021, Maharashtra Website: www.bbkindia.com Business Profile Bank of Bahrain & Kuwait B.S.C. (BBK) was established in Mar, 1971, in Bahrain. In 1978, it opened its first overseas branch in Kuwait. BBK has presence in India since 1986 as a SCB and set up its branches in Mumbai and Hyderabad. It also has branches in Aluva, Kerala and New Delhi. BBK in India primarily operates in three business segments viz. corporate banking, treasury and retail banking. Corporate banking services primarily consist of wholesale loans
& advances to corporate and investments in corporate bonds etc. Treasury operations consist of trading/investment in bonds & Government securities and dealing room operations among others. Retail banking primarily comprises of retail loans and advances to its customers. The bank also offers services such as working capital finance, trade finance, and long term finance and term loans among others.
Dun & Bradstreet D-U-N-S® No 91-533-2118 Financials (` mn) Total Income
1,364.9
Total Business
21,482.4 12.4
Net Profit Key Ratios (%)
13.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
7.6
Bank of Baroda Baroda House, Mandvi, Vadodara - 390006, Gujarat Website: www.bankofbaroda.com Business Profile Bank of Baroda (BoB) was incorporated in the year 1908 and provides variety of banking solutions such as Deposits, Loans & Advances, Collection Services, Working Capital Finance, Term Finance, Non-Fund based Facilities, Trade Finance and Merchant Banking. The product and services includes personal offerings like fixed and recurring deposit, credit & debit card amongst few; corporate offerings like wholesale, loans etc; international offerings like
FCNRB loans, Trade finance etc; SME offerings like Baroda Vidyasthali Loan, Baroda Weavers Credit Card amongst many services, and Rural banking, NRI Services and Treasury like Forex operations. During 2016, the bank implemented E-KYC at branches and business correspondence points. It also installed 945 additional ATMs during the year. It has a wide network of 1,964 rural branches and 1,425 semi-urban branches, 60 overseas branches as on Mar 31, 2016.
Dun & Bradstreet D-U-N-S® No 65-021-5903 Financials (` mn) 490,601.4
Total Income
9,578,080.5
Total Business
(53,955.4)
Net Profit Key Ratios (%)
3.6
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(8.4)
Bank of Ceylon No. 20/21, Casa Major Road, Zerald Garden, 2nd Lane, Egmore, Chennai - 600008, TN Website: www.bankofceylon.in Business Profile Bank of Ceylon (BOC) is the leading commercial Bank in Sri Lanka owned by the Government of Sri Lanka. BOC was incorporated in Aug 1939. In 1995, it expanded its foreign operations by opening its branch in India. The bank provides diversified products and services including retail banking, wholesale banking, international banking, investment banking, credit facilities, credit cards and pawn broking services. In India, the bank offers two types of credit advances 16
namely corporate and retail. Some of the financing products offered by the bank under the corporate banking include term loans, export credit, import finance, bank guarantee and letter of credit. BOC operates through a single branch in Chennai in India.
Dun & Bradstreet D-U-N-S® No 91-533-2113 Financials (` mn) 414.8
Total Income
3,944.8
Total Business
147.5
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
7.0 5.8
India’s Leading BFSI Companies 2017
Bank of India Star House, C5/G Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra www.bankofindia.co.in Business Profile Bank of India (BoI) was founded on 7th September, 1906 in Mumbai. The bank was nationalised in 1969. BOI business segments include treasury operations, wholesale banking and retail banking. In FY15, the bank introduced virtual cards for e-commerce; PayWave- Tap and go contactless payment systems; selfservice kiosks –Bar coded passbooks; BoI EasyPay – person to person payment solutions; miscall facility to know the balance of SB/CD/
OD accounts; it also introduced Instant Money Transfer Facility (IMTF). As on Mar 31, 2016, the bank had 5,016 domestic branches across the country and 61 branches overseas. It also introduced RuPay Platinum Cards, platinum credit cards and launched mVisa –mobile payment solution during 2016. During FY16, BoI integrated its operating system with Vidya Lakshmi Portal, a GoI initiative to provide single window solutions to students’ availing education loans.
Dun & Bradstreet D-U-N-S® No 65-005-6880 Financials (` mn) 454,490.1
Total Income
8,721,934.8
Total Business
(60,892.1)
Net Profit Key Ratios (%)
(4.6)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(6.6)
Bank of Maharashtra Lokmangal, 1501 Shivajinagar, Pune - 411005, Maharashtra Website: www.bankofmaharashtra.in Business Profile Bank of Maharashtra (BoM) was incorporated in 1935 and was nationalized in 1969. In 2005, BoM ventured into bancassurance and mutual fund distribution business. BoM offers various deposit schemes and loan products along with other services such as demat services, RTGS/ NEFT, NRI Services, credit cards and door step banking amongst others. BoM has tie-ups with 25 AMCs for selling MF products and has corporate agency agreements with LIC and
UIIC to sell life and non-life insurance products. The bank installed 11 automated cash deposit machines and 72 automated self-pass book printers at various places to reduce load on branches during FY16. BoM launched a new product namely Mahabank MSME Credit + for financing MSME borrowers and also the MUDRA Card during FY16. The bank started the Mahabank Top Up loan Scheme from Feb, 2016.
Dun & Bradstreet D-U-N-S® No 65-028-0423 Financials (` mn) 140,722.8
Total Income
2,465,524.9
Total Business
1,006.8
Net Profit Key Ratios (%)
2.9
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
11.7
The Bank of Nova Scotia 82/C Wing, Mittal Tower, 8th Floor, Nariman Point, Mumbai - 400021, Maharashtra Website: www.scotiabank.com Business Profile The Bank of Nova Scotia (Scotia bank) is a Canada-based diversified financial institution. It commenced its operations at Halifax, Nova Scotia in 1832. In India, Scotia bank operates under personal banking, business banking, corporate and institutional and global transaction banking. The bank has four business lines namely Canadian banking, international banking, scotia capital and global wealth management. It also offers a broad range of corporate, commercial,
trade and correspondent banking services. Personal banking business provides deposits like savings account and other currency accounts. It also offers other services such as foreign exchange and safety deposit boxes. In business banking, it offers loans and deposits such as local currency loan, other currency loan; deposits such as current accounts, term deposits and other currency deposits. Scotia bank operates through branches spread across Mumbai, New Delhi and Bangalore.
Dun & Bradstreet D-U-N-S® No 65-066-0442 Financials (` mn) Total Income
7,462.3
Total Business
96,400.5 1,243.0
Net Profit Key Ratios (%)
(24.0)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(13.1)
The Bank of Tokyo-Mitsubishi UFJ, Limited Jeevan Vihar, 3, Parliament Street, New Delhi - 110001, Delhi Website: www.bk.mufg.jp Business Profile The Bank of Tokyo-Mitsubishi UFJ, Ltd (BTMU) was established in 1919, Japan. BTMU got its current name due to the merger of the Bank of Tokyo-Mitsubishi (BTM) and UFJ (United Financial of Japan), in 2006. BTMU began operations in India through its first branch in Mumbai in 1953 as a predecessor company of the Bank of Tokyo. Apart from Mumbai, it also has presence in New Delhi, Chennai, Bengaluru and Neemrana in Rajasthan. It globally operates
in the segments of corporate & investment banking, transaction banking and transaction services for financial institutions. In India, the bank provides corporate banking loans, deposit accounts, remittances, trade finance and bank guarantees. The bank also provides personal loans, current account, savings account, export letters of credit, import letters of credit, shipping guarantees, bills for collection and global cash management services among others.
Dun & Bradstreet D-U-N-S® No 91-858-1492 Financials (` mn) Total Income
14,777.8
Total Business
159,203.7 1,893.8
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
6.1 34.9
17
India’s Leading BFSI Companies 2017
Barclays Bank PLC 801-808, Ceejay House, Shivsagar Estate, Worli, Mumbai - 400018, Maharashtra Website: www.barclays.in Business Profile Barclays Bank PLC (Barclays) has branch presence in India since 1990. Its business line includes corporate banking, investment banking and personal banking. Under corporate banking, it offers integrated banking solutions to large local companies, financial institutions, NBFI among others. The corporate banking solution includes cash management, trade and working capital, financing and risk management. Investment banking services offer comprehensive financial
advisory, capital raising, financing and risk management services to corporations, governments and financial institutions. Under personal banking, it offers current accounts, savings accounts, term deposits, debit cards. As on Mar 31, 2016, Barclays has in total seven branches in India each at Mumbai, Pune, New Delhi, Kanchipuram, Nelamangala and Hyderabad respectively.
Dun & Bradstreet D-U-N-S® No 65-064-1186 Financials (` mn) Total Income
20,658.0
Total Business
318,255.9 4,765.9
Net Profit Key Ratios (%)
2.3
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
20.5
Bharatiya Mahila Bank Limited 9th Floor, IFCI Tower, 61, Nehru Place, New Delhi - 110019, Delhi Website: www.bmb.co.in Business Profile Bharatiya Mahila Bank Ltd (BMB) was incorporated in Aug 2013 and received banking license from RBI in Sep 2013. The bank was incorporated with the objective of economic empowerment of women. BMB offers various savings & deposits and loan products under personal banking, business banking and NRI banking. The bank also offers smart banking services in the form of debit card, credit card, SMS banking, demand draft, internet banking
and RTGS / NEFT amongst others. Various loan products offered by BMB include BMB Apna Ghar Scheme, BMB Dream Car Loan and BMB Kitchen Modernization Loan amongst others. During May, 2016, BMB inaugurated its 100th branch in Udaipur. In FY16, Bharatiya Mahila Bank (BMB) has entered into an MOU with National Backward Classes Finance & Development Corporation (NBCFDC).
Dun & Bradstreet D-U-N-S® No 65-076-4579 Financials (` mn) Total Income
1,716.1
Total Business
15,485.0 23.8
Net Profit Key Ratios (%)
25.0
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
40.4
BNP Paribas BNP Paribas House, 1 North Avenue, Maker Maxity, BKC, Bandra(E), Mumbai - 400051, Maharashtra Website: www.bnpparibas.co.in Business Profile BNP Paribas (BNP) started its Indian operations by opening its first branch in Kolkata in 1860. The bank primarily operates in corporate and institutional banking, investment solutions and retail banking. BNP’s corporate & institutional business operates in fixed income and debt capital markets, cash management & trade, corporate finance and institutional equities. BNP offers wealth management services to individual clients. BNP also has presence in other
businesses such as home finance, insurance and securities services, life insurance, personal Investment Services & equipment solutions through various JVs with Sundaram Group, SBI, Geojit Financial Services and SREI Infrastructure Finance respectively. In September 2015, the bank launched the Dream Up program to help underprivileged youngsters to gain selfsufficiency.
Dun & Bradstreet D-U-N-S® No 85-965-5434 Financials (` mn) Total Income
24,012.1
Total Business
420,768.6 3,403.8
Net Profit Key Ratios (%)
18.2
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
47.5
Canara Bank 112, J C Road, Bengaluru – 560002, Karnataka Website: www.canarabank.com Business Profile Canara Bank (Canara Bank), a nationalized bank founded in 1906, caters to various segments such as personal, corporate, NRI banking, priority sector and MSMEs. Its product portfolio includes savings & Deposits, loan products, mutual funds, insurance business, card services, remittance facilities and agriculture and rural credit schemes. The Bank has set up 147 hitech E-lounges in select branches with facilities like ATM, Cash Deposit Kiosk with voice guided 18
system, Cheque Deposit Kiosk, Self-Printing Passbook Kiosk, Internet Banking Terminal, Online Trading Terminal and Corporate Website Access. The Bank also launched Canara Bank RuPay Debit Card, Canara Club Card – Debit, Canara Elite Debit Card, Canara Bank Platinum Rupay etc. As on mar 31, 2016, Canara Bank had 5,849 branches and 9,251 ATMs spanning across the country. The bank’s mobile applications include CanMobile, Canara e-Infobook and Canara m-wallet.
Dun & Bradstreet D-U-N-S® No 92-381-4813 Financials (` mn) 488,973.6
Total Income
8,045,063.9
Total Business
(28,128.2)
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
1.2 0.1
India’s Leading BFSI Companies 2017
The Catholic Syrian Bank Limited Post Box No 502, CSB Bhavan, St Mary’s College Road, Thrissur - 680020, Kerala Website: www.csb.co.in Business Profile The Catholic Syrian Bank Ltd (CSB) was established in 1920 and commenced operations in 1921 in Kerala. The bank operates in corporate banking and retail banking segments. The bank offers various deposit products including savings account, current account, fixed deposit, cumulative deposit etc. It also offers loan products such as gold loan, educational loan, car loan, house loan and agricultural finance among others. The bank also operates web enabled
international money transfer service viz. Wall Street Instant Cash and MoneyGram. The bank has a tie up with Birla Sun Life Insurance as their Bancassurance partner. The bank also offers insurance product, RTGS and NEFT services. The bank has 431 functional branches and 233 ATMs across the country as of FY15. The bank implemented the “RuPay Card” technology and launched Cash Mithra, a personal loan scheme for individuals.
Dun & Bradstreet D-U-N-S® No 91-535-4414 Financials (` mn) Total Income
15,875.7
Total Business
222,910.5 (1,497.2)
Net Profit Key Ratios (%)
(5.0)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(6.9)
Central Bank of India 9th Floor, Chandermukhi Building, Nariman Point, Mumbai - 400021, Maharashtra Website: www.centralbankofindia.co.in Business Profile Central Bank of India (Central Bank) was established in 1911 and mainly operates in treasury, wholesale banking and retail banking segments. Under its agri banking business it offers Cent Kisan Tatkal Scheme, Cent Solar Light Scheme, and Cent Kisan Credit Card among others. Other schemes include Cent Mortgage, Cent Doctor, and Cent protsahan etc. as part of its MSME banking business. Its overseas operations are spread across six countries
including London and Leicester (UK), Hong Kong, Shanghai (China) and Manama (Bahrain), a Representative Office at Sharjah (UAE). During FY16, the bank launched new products namely Credit Guarantee Scheme for Scheduled Castes, Cent Hosiery and CENT MUDRA- MUDRA CARD. As on Mar 31, 2016, the bank had a network consisting of 4,728 branches, 3,677 Ultra Small Branches and 5,254 ATMs across the country.
Dun & Bradstreet D-U-N-S® No 86-221-3654 Financials (` mn) 278,266.8
Total Income
4,461,937.8
Total Business
(14,181.9)
Net Profit Key Ratios (%)
(1.7)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
0.5
Citibank N.A. First International Financial Centre, C-54 and C-55, G-Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.citibank.co.in Business Profile Citibank N.A. (Citi) was incorporated in India, in 1902, Kolkata. Citi India’s products and services are organized under two major segments: Institutional Clients Group (ICG) and Global Consumer Bank (GCB). The ICG products & services are executed through Global Banking, Global Markets, Treasury & Trade Solutions, Securities & Fund Services and Citi Research. Citi Private Bank is also a division of the ICG. Under GCB, Citi offers consumer banking products and
services. The bank offers personal, corporate, SME and global & NRI banking services. The bank also offers various products & services like credit cards, insurance and mutual funds and online services. It also offers personal loans, loans against securities and home loans amongst others. In FY16, it opened a new Smart Banking branch in Thane, expanding its presence to 45 branches in 28 cities.
Dun & Bradstreet D-U-N-S® No 91-683-2000 Financials (` mn) 138,629.8
Total Income
1,617,658.7
Total Business
32,329.7
Net Profit Key Ratios (%)
2.4
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
8.0
City Union Bank Limited 149, T.S.R. (Big) Street, Kumbakonam - 612001, TN Website: www.cityunionbank.com Business Profile City Union Bank Ltd (CUB) was incorporated in 1904, as The Kumbakonam Bank Ltd. CUB acquired its present name in 1987and forayed into foreign exchange business in 1990 and came out with its IPO in 1998. CUB operates under business segments namely corporate and wholesale banking, retail banking, treasury and other banking operations. The bank’s product portfolio includes savings account, current account; deposits accounts; NRI banking
services; loan services amongst others. In FY16, it launched a new mobile banking application called “CUB m-Bank Plus” enabling e-banking services for bill payments, online fixed deposit opening, loan against deposit, fund transfers, TNEB payment , ATM PIN Reset and card block amongst others. CUB has opened 50 branches and 254 ATMs during FY16 taking the total to 525 branches and 1,325 ATMs across India.
Dun & Bradstreet D-U-N-S® No 91-521-3511 Financials (` mn) Total Income
33,541.9
Total Business
482,150.5 4,446.9
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
8.1 14.7
19
India’s Leading BFSI Companies 2017
Commonwealth Bank of Australia Level 2, Hoechst House, Nariman Point, Mumbai - 400021, Maharashtra Website: www.commbank.co.in Business Profile Commonwealth Bank of Australia (Comm Bank) is one of the leading Australian banks and has presence across Asia, Europe, New Zealand and North America. Comm Bank was founded under the Commonwealth Bank Act in 1911 and commenced operations in 1912. It opened its Mumbai, India branch in 2010 and provides a range of savings accounts, loans, money transfers and international trade finance services. The bank also offers various NRI
banking products such as foreign exchange and international remittance services. Comm Bank also offers payments and collection solutions, trade services, working capital loans, short-term loans and trade finance and risk management services under commercial banking. In 2016 the bank decided to close its Indian operations.
Dun & Bradstreet D-U-N-S® No 86-453-4780 Financials (` mn) 293.2
Total Income
3,982.1
Total Business
(90.5)
Net Profit Key Ratios (%)
(21.2)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(18.7)
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. 20/F, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra Website: www.rabobank.com Business Profile Cooperatieve Centrale RaiffeisenBoerenleenbank B.A. formerly known as Rabobank International (Rabobank) is operating in India since 1998. In India, its offerings include; corporate banking, global financial markets, trade commodity finance, project finance and international services desk. It operates in the personal banking and business banking space. It also operates two wholly owned subsidiaries namely; Rabo India Finance ltd, a NBFC arm,
that provide food & agri research & advisory services and debt capital market services; and Rabo India Securities, the investment banking segment that offers services related to mergers & acquisitions, equity, capital market and corporate advisory.
Dun & Bradstreet D-U-N-S® No 86-031-2363 Financials (` mn) Total Income
2,473.8
Total Business
33,223.6 288.6
Net Profit Key Ratios (%)
32.3
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
98.5
Corporation Bank Mangaladevi Temple Road, Pandeshwar, Mangalore - 575001, Karnataka Website: www.corpbank.com Business Profile Corporation Bank (CorpnBank) was established in 1906 and acquired its present name in 1980, following its nationalisation in the same year. CorpnBank caters to personal banking, corporate banking, NRI banking and priority banking services. Under personal banking, CorpnBank offers savings accounts, deposit schemes, loan facilities, remittances, cards, insurance and tax & pension schemes. Under corporate banking, CorpnBank offers working capital financing,
term financing, cash management etc. NRI banking services include saving accounts, term deposits, remittance facilities and loan facilities to NRIs. In FY16, CorpnBank has opened 156 branches and 107 ATMs taking the total count to 2,440 branches and 3,040 ATMs as on Mar 31, 2016. It launched new products in FY16 such as Corp Home Smart, Pradhan Mantri Awas Yojana, CORP ePURSE, etc. CorpnBank also signed an MOU with LIC of India during the year.
Dun & Bradstreet D-U-N-S® No 65-019-2792 Financials (` mn) 211,464.0
Total Income
3,454,930.8
Total Business
(5,064.8)
Net Profit Key Ratios (%)
0.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
0.3
Crédit Agricole Corporate & Investment Bank Hoecht House, 11th Floor, Nariman Point, Mumbai – 400021, Maharashtra Website: www.ca-cib.com/global-presence/india.htm Business Profile Crédit Agricole Corporate & Investment Bank (Crédit Agricole) has presence in India since 1981. The bank specialises in the business of capital markets, investment and corporate banking. Its core business includes fixed income markets, export and trade finance, project finance and acquisition finance. It also offers cash management and working capital facilities. Investment banking and debt capital market services have also been implemented 20
by the bank over the years in the country. Some products and services in capital markets include global investment banking, structured finance, global markets, commercial banking and trade, Islamic finance and international private banking among others. In July 2015, a trio of banks namely Crédit Agricole, HSBC and Rabobank proposed a Social Bond and Sustainability Bond Appendix (SSBA) to the green bond principles to boost their investment in socio and sustainability projects.
Dun & Bradstreet D-U-N-S® No 91-861-7411 Financials (` mn) Total Income
5,082.4
Total Business
76,766.2 714.3
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
4.0 45.5
India’s Leading BFSI Companies 2017
Credit Suisse AG 10th Floor, Ceejay House, Plot F, Shivsagar Estate, Worli, Mumbai - 400018, Maharashtra Website: www.credit-suisse.com/in Business Profile Credit Suisse AG (Credit Suisse) was incorporated in 1856 in Zurich, Switzerland and in 2011, the bank commenced its banking operations in India. Credit Suisse operates as an integrated bank with two divisions, private banking & wealth management and investment banking. Private banking segment offers banking facilities to corporates, business entities and individuals. Under wealth management, Credit Suisse offers advisory services, investment
consulting, discretionary & non-discretionary mandates among others. Under Investment banking, it offers trading, derivatives, foreign exchange operation, investment consultancy services and advisory services for mergers & acquisitions among others. The Bank also offers asset management services. It also offers a full range of equity underwriting and financial advisory solutions through its offices in Mumbai and New Delhi.
Dun & Bradstreet D-U-N-S® No 91-534-2349 Financials (` mn) Total Income
8,123.4
Total Business
85,173.8 1,446.6
Net Profit Key Ratios (%)
(17.3)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
11.3
CTBC Bank Company, Limited Birla Tower, Upper Ground Floor, 25 Barakhamba Road, New Delhi - 110001, Delhi Website: www.chinatrustindia.com Business Profile CTBC Bank Company, Ltd (CTBC), a Taiwanese bank was established in 1966 as China Securities Investment Corporation. In 1971, the bank changed its name to Chinatrust Investment Co Ltd and later became Chinatrust Commercial Bank in 1992. CTBC entered Indian market and set up its first office in 1996 in New Delhi. It primarily offers corporate banking, deposits and forex & trade finance. Other value added services offered by CTBC includes loan
syndication services, channel financing, vendor financing etc. It also offers forex services like remittance facility, foreign currency cheque deposits, and foreign currency demand draft facility among others. Its deposit schemes include; domestic fixed deposit, NRO deposit and NRE term deposit among others.
Dun & Bradstreet D-U-N-S® No 91-672-8062 Financials (` mn) 598.7
Total Income
9,317.1
Total Business
(81.6)
Net Profit Key Ratios (%)
10.7
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
38.6
DBS Bank Limited 3rd Floor, Fort House, 221, Dr. D.N. Road, Fort, Mumbai - 400001, Maharashtra Website: www.dbs.com/in Business Profile DBS Bank Ltd (DBS) started its operations in India in 1994, and during the year DBS opened its representative office in Mumbai, which was upgraded to full-fledged branch in 1995. In 2005, DBS bank was granted license to open its second branch in New Delhi. The bank’s product portfolio includes personal banking, wealth management and wholesale banking products & services. It also offers innovative and comprehensive financial solutions to individual
customers, small & medium enterprises (SMEs), financial institutions and several local and global blue-chip companies. During FY16, DBS opened a wholly owned subsidiary, known as Asia Hub 2 to provide technology related services to DBS. In April 2016, DBS launched digibank, mobileonly bank, which offers customers a completely paperless, signature less and branchless banking.
Dun & Bradstreet D-U-N-S® No 91-860-4492 Financials (` mn) Total Income
23,718.8
Total Business
410,806.3 85.6
Net Profit Key Ratios (%)
(7.3)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
23.6
DCB Bank Limited 601 & 602, Peninsula Business Park, 6th Floor, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra Website: www.dcbbank.com Business Profile DCB Bank Ltd (DCB), formerly known as Development Credit Bank Ltd, was formed through the amalgamation of Ismailia Cooperative Bank Ltd and Masalawala Co-operative Bank Ltd in 1981. In 1995, DCB was converted into a Scheduled Commercial Bank (SCB). DCB’s caters to various segments namely retail, SME, corporate, agriculture etc. The bank’s portfolio includes deposits, cards, payments & remittances, insurance & investments, trade
finance and loans amongst others. As on Mar 31 2016, DCB has a distribution network of 198 branches and 410 ATMs. During FY16, DCB also introduced digital platforms like ‘DCB Zippi Online Deposit Solution’ and ‘Smart Credit Online’. In FY 2016, ‘FinnOne Neo’ was introduced, a loan software which would act as a cross functional effort between credit, technology, business and finance.
Dun & Bradstreet D-U-N-S® No 65-060-0310 Financials (` mn) Total Income
19,189.2
Total Business
278,473.7 1,945.2
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
20.8 20.7
21
India’s Leading BFSI Companies 2017
Dena Bank Dena Corporate Centre, C10, G Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.denabank.com Business Profile Dena Bank (Dena Bank) was incorporated in 1938 as Devkaran Nanjee Banking Company Ltd. The bank was converted into a public limited company in 1939 and was nationalized in 1969. It came out with its IPO in 1996. Dena Bank undertakes personal banking, international banking, corporate banking, priority & SME lending and internet banking operations. Under personal banking, it provides deposits and loans schemes like Dena Jeevan
SB Account, Dena Maha Tax Bachat Yojana, Dena Niwas Housing Finance Scheme, Dena Consumer Durable Loan etc. The corporate banking segment provides sector specific schemes to educational institutions, builders & developers, hospitals, hotels & restaurants and entertainment industry. Dena Bank opened 107 branches during FY16, taking the total network to 1,846 branches and 1,471 ATMs across the country.
Dun & Bradstreet D-U-N-S® No 65-009-6316 Financials (` mn) 113,625.3
Total Income
1,997,593.0
Total Business
(9,353.2)
Net Profit Key Ratios (%)
(1.1)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
2.5
Deutsche Bank AG Deutsche Bank House, Hazarimal Somani Marg, Fort, Mumbai - 400001, Maharashtra Website: www.deutschebank.co.in Business Profile Deutsche Bank AG (Deutsche Bank) was established in 1870 in Berlin, Germany. Deutsche Bank commenced operations in India in the year 1980. The bank in India is a fully integrated financial services provider to Indian corporate, institutional and individual clients. It primarily operates in global markets (treasury), commercial and retail banking business segments. It provides business installment loans and loan against property
as well as PMS, insurance, savings and demat accounts. The business banking products and services provided by the bank include current account, Magnus - working capital lending, cash management services and db Online Banking for corporates. It also offers NRI bank account, NRI fixed deposit and money transfer facilities among others. The bank operates through 17 different offices located across India.
Dun & Bradstreet D-U-N-S® No 65-028-0787 Financials (` mn) Total Income
59,131.9
Total Business
869,630.5 11,855.8
Net Profit Key Ratios (%)
1.8
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
16.3
Dhanlaxmi Bank Limited P.B. No. 9, Dhanalakshmi Buildings, Naickanal, Thrissur - 680001, Kerala Website: www.dhanbank.com Business Profile Dhanlaxmi Bank Ltd (Dhanlaxmi Bank) was established in 1927, Kerala. The bank’s product portfolio includes personal banking, corporate banking, NRI banking, micro and agri banking, SME banking etc. Under personal banking, the bank offers products such as savings account, current account, term deposits, insurance etc. The corporate banking segment provides corporate salary account, cash management services, credit services, forex and trade
services etc. NRI banking caters to money transfers facility, NRI property loans and other investment opportunities. Under micro & agri banking, it provides specialized products and services such as Kissan Vahana, Kissan Card, agri gold loan etc. SME segment offers working capital and trade facilities. Dhanlaxmi Bank also provides specialized products and services such as Dhanam Vanitha Savings Account, Kissan Vahana and Agrigold loan and offers financial planning services to their customers.
Dun & Bradstreet D-U-N-S® No 65-066-0483 Financials (` mn) Total Income
12,810.0
Total Business
183,064.4 (2,094.5)
Net Profit Key Ratios (%)
(6.4)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(8.7)
Doha Bank Ground Floor, Sakhar Bhavan, Nariman Point, Mumbai - 400021, Maharashtra Website: www.dohabank.co.in Business Profile Doha Bank India is part of the Qatar based Doha Bank. Doha Bank has established overseas branches in Kuwait, Dubai (UAE), Abu Dhabi (UAE), Mumbai and Kochi (India) in addition to representative offices in Japan, China, Singapore, Hong Kong, South Africa, South Korea, Australia, Turkey, the United Kingdom, Canada, Germany, Bangladesh and Sharjah (UAE). Doha Bank India opened its first branch in India at Mumbai in 2014 and currently has 2 branches in Mumbai 22
and one in Kochi. The product portfolio of the bank comprises of personal banking, NRI services, corporate banking, trade services, and treasury services. The Bank also have wide correspondents network globally to extend trade finance, remittance related services.
Dun & Bradstreet D-U-N-S® No 87-360-3524 Financials (` mn) 402.0
Total Income
6,460.4
Total Business
115.3
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
307.8 521,320.8
India’s Leading BFSI Companies 2017
The Federal Bank Limited Post Box No. 103, Federal Towers, Aluva - 683101, Kerala Website: www.federalbank.co.in Business Profile The Federal Bank Ltd (Federal Bank) was incorporated in 1931 as Travancore Federal Bank Ltd. In 1949, the bank acquired its present name and subsequently in 1970 became a scheduled commercial bank. Its personal banking offerings include accounts & deposits, loans, cards, insurance & investment; while corporate banking offerings include corporate loans, trade finance etc. Further, it offers a wide array of agri-allied loans and Federal RuPay
Kisan card under agri business. During FY16, the bank launched Scan N Pay; a payment app. In April 2016, it tied with Phillip Capital (India) Pvt. Ltd., for managing NRI Portfolio Investment Scheme (PIS). The bank added five branches and 31 ATMs taking the total to 1,252 branches and 1,516 ATMs as on March 31, 2016. During April 2016, it also launched ‘Launchpad’ an exclusive e -outlet for start-ups, in Bangalore.
Dun & Bradstreet D-U-N-S® No 91-583-5671 Financials (` mn) 85,310.7
Total Income
1,372,618.5
Total Business
4,756.5
Net Profit Key Ratios (%)
2.8
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
12.4
FirstRand Bank Limited 4th Floor, TCG Financial Centre, BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.firstrand.co.in Business Profile FirstRand Bank, India (FirstRand) is a branch of the South Africa based FirstRand Banking Group which was started in 1838. In Jan 2008, FirstRand set up its representative office in Mumbai. FirstRand received banking license from RBI in 2009 and got included in the list of scheduled banks in India. The bank’s product portfolio includes fixed income currency/commodities, corporate banking, trade and international banking and investment banking. Fixed income
currency & commodities provides services like fixed income, money market and its derivatives among others. Under corporate banking, it provides INR & foreign currency accounts, transactional banking, and long term loans etc. For trade and international banking, FirstRand has products like open account transactions, documentary collects and credits, import and export finance etc. The bank also provides corporate finance and advisory services under its investment banking segment.
Dun & Bradstreet D-U-N-S® No 86-379-9133 Financials (` mn) Total Income
1,621.7
Total Business
10,968.2 (707.8)
Net Profit Key Ratios (%)
22.8
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
79.1
HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra Website: www.hdfcbank.com Business Profile HDFC Bank Ltd (HDFC Bank) was incorporated in 1994 and commenced operations as a scheduled commercial bank in 1995. Under retail banking, it provides various services like loans and deposits, cards services, demat accounts, investment facility etc. In FY16, HDFC Bank launched “Dhanchayat: Financial Literacy on Wheels”, an initiative to educate the rural population. During 2016, its innovation initiatives included PayZapp with SmartBuy,10
second personal loan, ZipDrive, Virtual Relationship Manager, Chillr, Design Your Own Loan Against Securities (LAS), Loans on ATMs, Missed Called Recharge and MobileBanking Liteapp in the retail business and Trade on Net and E Net on Mobile for corporate customers in the wholesale business. The bank opened 506 branches and 234 ATMs during the FY16. As on Mar 31, 2016, it had 4,520 branches and 12,000 ATMs spread across the country.
Dun & Bradstreet D-U-N-S® No 65-005-7888 Financials (` mn) 709,731.7
Total Income
10,110,181.5
Total Business
122,962.1
Net Profit Key Ratios (%)
23.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
23.9
The Hongkong and Shanghai Banking Corporation Limited 52 / 60 Mahatma Gandhi Road, Fort, Mumbai - 400001, Maharashtra Website: www.hsbc.co.in Business Profile The Hongkong and Shanghai Banking Corporation Ltd (HSBC) is a subsidiary of the HSBC Group which was established in the year 1865 in Hong Kong. The acquisition of the Mercantile Bank in 1959 marked the entry of HSBC in India. The bank serves its customers in India through our four global namely; retail banking and wealth management, commercial banking, global private banking and global banking and markets. It provides various services like cash
and wealth management products and services, trade services, transaction banking, among many others. Under personal banking segment, it offers credit cards, NRI services, home loans, personal loans, fixed deposits, internet & selfservice banking, etc. Under business banking segment, HSBC offers international payments & cash management solutions, global trade solutions, business loans and foreign exchange services.
Dun & Bradstreet D-U-N-S® No 65-044-0415 Financials (` mn) 103,082.2
Total Income
1,429,140.9
Total Business
19,341.2
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(1.5) 8.4
23
India’s Leading BFSI Companies 2017
ICICI Bank Limited Landmark, Race Course Circle Vadodara - 390007, Gujarat Website: www.icicibank.com Business Profile ICICI Bank Ltd (ICICI Bank) was promoted in 1994 by ICICI Ltd. ICICI Bank provides personal, private, NRI, and corporate banking services. Personal banking offers services like savings account, current account, fixed deposits etc. Corporate banking offers cash management services, merchant banking, global trade, forex and custodial services. ICICI Bank also has social media presence that includes launch of twitter application, digital bank called ‘Pockets’
for fund transfer etc. During FY16, the bank launched Money2World, which enables any resident Indian to send money abroad from any bank in India to any bank overseas within one international working day. It launched Smart Vault, which is a fully automated state-of-theart locker which is available 24x7, including weekends.An innovative online solution named Eazypay was launched during the year to ease payments to customers.
Dun & Bradstreet D-U-N-S® No 85-817-9872 Financials (` mn) 680,624.9
Total Income
8,566,896.5
Total Business
97,262.9
Net Profit Key Ratios (%)
11.1
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
14.4
IDBI Bank Limited IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra Website: www.idbi.com Business Profile IDBI Bank Ltd (IDBI Bank) was established in 1964 as a financial Institution by the name of Industrial Development Bank of India. It acquired its current name in 2008. IDBI Bank has its business segment classified under the following namely personal, MSME, corporate, retail, SME, Agri products and services and NRI amongst others. The bank has a tie-up with IDBI Federal Life Insurance Company Ltd and Bajaj Allianz General Insurance Co. Ltd for distribution
of life and non-life insurance products. As on March 31, 2016, the bank’s network stood at 1,846 branches, including one overseas branch and the number of ATMs stood at 3,310. IDBI Bank also launched new schemes and products such as Skill Loan Scheme, IDBI MUDRA Loan, IDBI Bunkar MUDRA Yojana, PayApt wallet, JusTab, etc.
Dun & Bradstreet D-U-N-S® No 67-563-5600 Financials (` mn) 314,534.6
Total Income
4,816,132.8
Total Business
(36,648.0)
Net Profit Key Ratios (%)
(2.2)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
2.9
IDFC Bank Limited KRM Tower, 8th Floor, No. 1 Harrington Road, Chetpet, Chennai - 600031, Tamil Nadu Website: www.idfcbank.com Business Profile IDFC Bank Ltd (IDFC Bank) received a universal banking license from the Reserve Bank of India (RBI) in July 2015 and on Nov 6, 2015 IDFC Bank was listed on BSE and NSE. The bank launched 23 branches across the country when it was established in 2015. IDFC’s banking business consists of three distinct strategic business verticals namely commercial and wholesale banking, Bharat banking and personal and business banking. The bank serves corporate
and private customers in India including the infrastructure sector that IDFC specialized in. The bank also aims to provide services to people in rural areas and to the self-employed. As on March 31, 2016, its network comprised 65 branches, 14 ATMs and 15 offices in India. It also bought up to 10% stake in ASA International India Mircofinance Pvt. Ltd. during the year.
Dun & Bradstreet D-U-N-S® No 65-083-5361 Financials (` mn) Total Income
40,520.3
Total Business
539,184.8 4,668.5
Net Profit Key Ratios (%)
NA
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
NA
Indian Bank 66, Rajaji Salai, Chennai - 600001, TN Website: www.indian-bank.com Business Profile Indian Bank (Indian Bank) was incorporated in 1907. The bank mainly operates in treasury, corporate & wholesale banking and retail banking segments. Indian Bank offers a wide array of lending and deposit schemes catering to individuals, NRIs, priority sectors, corporates, professionals and agricultural sector. Other services offered by the bank include RTGS, NEFT, insurance services, phone banking, mobile banking and e-payment amongst others. Indian 24
Bank opened 153 branches and 440 ATMs/BNAs in FY16 to touch 5,346 delivery points, including 2,562 Brick & Mortar branches and 2,784 ATMs as on Mar 31, 2016. Some of the new initiatives that were taken by the bank during the year include SMS alerts sent for cheques, E-purse, IB SMART Remote and IB D-Elite. It also introduced the insurance schemes SURAKSHA DEPOSIT GIFT, JEEVAN SURAKSHA GIFT and SURAKSHA DEPOSIT YOJANA GIFT.
Dun & Bradstreet D-U-N-S® No 65-010-1173 Financials (` mn) 180,252.0
Total Income
3,073,349.2
Total Business
7,113.8
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
4.7 4.1
India’s Leading BFSI Companies 2017
Indian Overseas Bank 763, Anna Salai, Chennai – 600002, TN Website: www.iob.in Business Profile Indian Overseas Bank (IOB) was established in 1937, with focus on foreign exchange business and overseas banking. In 1969, IOB was nationalised. Personal banking products and services offered by IOB include saving account, current account, term deposit, home loans, depository services etc. Some corporate banking services offered by the bank include term loans, working capital loans, and loans for professionals & self-employed etc. Under NRI
banking, the bank offers remittance services, NRO, RFC, FCNR etc. Rural banking business offers agri business consultancy services, agricultural term loans & short term loans etc. During FY16, the bank has opened 34 branches across the country taking the total number of domestic branches to 3,397 as on Mar 31, 2016. They comprise of 1,036 rural branches, 960 semi urban branches, 748 urban branches and 653 metropolitan branches.
Dun & Bradstreet D-U-N-S® No 65-006-7234 Financials (` mn) 260,455.5
Total Income
3,853,749.1
Total Business
(28,973.3)
Net Profit Key Ratios (%)
(0.1)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(7.8)
IndusInd Bank Limited 2401, Gen. Thimmayya Road (Cantonment), Pune - 411001, Maharashtra Website: www.indusind.com Business Profile IndusInd Bank Ltd (IndusInd) was incorporated in 1994 and operates in various business segments viz. retail banking, corporate banking, treasury and other banking operations. Under retail banking, it offers facilities such as current account, saving accounts, deposits, cards and loan etc. The corporate banking division provides services through various strategic business units comprising corporate banking, investment banking, capital & commodities market,
financial institutions group and public sector group. During FY16, IndusInd had a network of 1,000 branches and 1,800 ATMs spread across the country. In Aug 2015, IndusInd received approval to set up an International Financial Services Centre in Gujarat International Finance Tec-City to provide bank access to international financial markets. During 2016, the bank launched various digital initiatives like Quickpay, Onthego, Indus Mobile and Swift pay to engage the customers through the digital approach.
Dun & Bradstreet D-U-N-S® No 86-232-6824 Financials (` mn) 148,776.1
Total Income
1,814,196.9
Total Business
22,864.5
Net Profit Key Ratios (%)
21.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
26.9
Industrial and Commercial Bank of China Limited Level 1, Wockhardt Tower, C-2, G Block, BKC, Bandra (E), Mumbai – 400051, Maharashtra Website: www.icbc.com.cn Business Profile Industrial and Commercial Bank of China Ltd (ICBC), opened its first branch in India in Mumbai in 2011. ICBC engages in comprehensive banking business, including personal banking, corporate banking, retail banking, and investment banking. ICBC has its presences across six continents, and its overseas network has expanded to 40 countries and regions. Under personal banking the bank offers cross border multi-currency remittance service, personal internet banking
facilities which include online financial services remittance, foreign currency exchange services and deposits among others. ICBC also offers deposit services, working capital loans, project loans, syndicated loans, international settlement services, guarantee business and trade financing services under corporate banking. The bank offers e-banking facilities to both its personal banking and corporate banking customers.
Dun & Bradstreet D-U-N-S® No 85-993-0272 Financials (` mn) Total Income
1,391.5
Total Business
17,976.0 323.3
Net Profit Key Ratios (%)
7.9
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
22.9
The Jammu and Kashmir Bank Limited M. A. Road, Srinagar - 190001, J&K Website: www.jkbank.net Business Profile The Jammu and Kashmir Bank Ltd (J&K Bank) was incorporated in 1938. In 1971, J&K Bank acquired the status of a scheduled bank and it was nationalised in 1956. It primarily operates in treasury, corporate, agriculture and retail banking business segments. The bank offers various products and services including various loans, agriculture financing, services to aid tourism, sheep farms, technology, etc. It also provides agriculture financing through schemes
such as Fruit Advances Scheme (Apple), Zafran Finance, Giri Finance scheme etc. During FY16, 40 new branches were established by the bank, thereby taking the total number of branches to 857 as on Mar 31, 2016, spread over 20 states and one union territory. During the year, a new e-Banking application was also launched.
Dun & Bradstreet D-U-N-S® No 91-844-5289 Financials (` mn) 73,476.0
Total Income
1,195,835.4
Total Business
4,160.3
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(4.0) 8.4
25
India’s Leading BFSI Companies 2017
JP Morgan Chase Bank, N.A. J.P. Morgan Tower, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra Website: www.jpmorgan.com Business Profile JP Morgan Chase Bank, N.A. (JP Morgan) has presence in India since 1922 when a heritage firm took an ownership interest in a merchant bank in Calcutta. In 2002, JPMorgan Chase established its global service center in Mumbai. The bank provides clients in India a comprehensive range of corporate and investment banking and asset management services. Its global service centers in Mumbai, Bangalore and Hyderabad support operations globally. Its business segment
includes investment banking, treasury services, investor services, markets and investor services, institutional asset management, investment management and NRI services. Under investment banking, it supports a broad range of corporations, institutions and governments by providing strategic advice, capital raising and risk management expertise. As treasury services, corporations, financial institutions, governments and municipalities entrust their cash management and liquidity business to JP Morgan.
Dun & Bradstreet D-U-N-S® No 91-614-4508 Financials (` mn) Total Income
26,337.4
Total Business
267,005.2 7,030.9
Net Profit Key Ratios (%)
1.0
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
33.2
The Karnataka Bank Limited Mahaveera Circle, Kankanady, Mangalore - 575002, Karnataka Website: www.karnatakabank.com Business Profile The Karnataka Bank Ltd (Karnataka Bank) was incorporated in 1924 and over a period of time Sringeri Sharada Bank Ltd, Chitladurg Bank Ltd and Bank of Karnataka merged with the bank. Karnataka Bank is engaged in providing personal banking, business banking, internet banking, insurance services, and money transfer services. In Dec 2015, it launched KBL Suraksha, a group personal accident insurance scheme in association with Universal Sompo. In Feb 2016,
the bank introduced technology based facility, online account opening which enables online opening of savings, current, fixed and recurring deposit accounts. In Mar 2016, Karnataka Bank entered into MoU with CNX Corporation Ltd for extending storage facilities to farmers. As on Mar 31, 2016, the bank had 2,015 service outlets with 12 Regional Offices, 725 branches, three extension counters and 1,275 ATMs in 480 centers across India.
Dun & Bradstreet D-U-N-S® No 91-577-8497 Financials (` mn) Total Income
55,350.7
Total Business
843,906.6 4,152.9
Net Profit Key Ratios (%)
6.3
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
8.6
The Karur Vysya Bank Limited Erode Road, Karur- 639002, TN Website: www.kvb.co.in Business Profile The Karur Vysya Bank Ltd (KVB) was set up in 1916 in Karur, TN. KVB primarily operates in treasury, corporate/wholesale banking and retail banking segments. For MSMEs, the bank provides products such as KVB MSME Cash, KVB MSME Term Loan, KVB MSME Vendor Bill Discounting and KVB MSME Standby Term Loan among others. The bank added 38 branches and 10 ATMs during the year thus bringing the total to 667 branches and 1,655 ATMs as on Mar 31,
Dun & Bradstreet D-U-N-S® No 87-179-5198
2016. It introduced a number of initiatives in FY16 like reloadable cards, kisan credit cards, automatic passbook kiosk, e-book, etc. Some of the digital initiatives taken by the bank include roll out of Aadhaar Enabled Payment System, introduction of General Purpose Re-loadable cards issued under “RuPay” Brand roll out of new versions to mPay and eBook applications etc.
Financials (` mn) Total Income
61,502.2
Total Business
891,632.8 5,676.3
Net Profit Key Ratios (%)
2.9
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
10.4
KBC Bank NV 702, Kesar Solitaire, Plot 5, Sector 19, Palm Beach Road, Sanpada, Navi Mumbai - 400705, Maharashtra Website: www.kbc.com Business Profile In 1998 two Belgian banks (the Kredietbank and CERA Bank) and a Belgian insurance company (ABB) merged to form KBC Bank and Insurance Holding Company. The company operates as an integrated bank-insurance model. In addition to Belgium, the other core markets for the bank are Czech Republic, Slovakia, Hungary, Bulgaria and Ireland.
Dun & Bradstreet D-U-N-S® No 86-452-2002 Financials (` mn) Total Income
423.3
Total Business
374.0 143.1
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
26
(41.3) (91.0)
India’s Leading BFSI Companies 2017
KEB Hana Bank 4th Floor, Bannari Amman Towers, No. 29, Dr. Radhakrishnan Road, Mylapore Chennai - 600004, TN Website: www.hanafn.com Business Profile
Dun & Bradstreet D-U-N-S® No 86-031-2372
KEB Hana is a part of the South Korean based KEB Hana financial group. The group presence in over 88 branches in 23 countries. KEB Hana Bank India was established in 2015. The bank primarily aims to cater to Korean companies operating in India and Korean citizens residing in India. The bank also aims to cater to domestic customers.
Financials (` mn) 344.8
Total Income
3,262.6
Total Business
57.4
Net Profit Key Ratios (%)
NA
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
NA
Kotak Mahindra Bank Limited 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra Website: www.kotak.com Business Profile Kotak Mahindra Bank Ltd (KMBL) was established in 1985, as Kotak Mahindra Finance Ltd. In 2003, the bank was converted into commercial bank and acquired its present name. In Apr 2015, ING Vysya Bank got merged with KMBL. KMBL has three business units viz. consumer banking, commercial banking and corporate banking. Under consumer banking, KMBL provides complete retail solutions and under commercial banking it offers a range of products to SMEs.
The corporate banking division of KMBL offers working capital finance, trade services, export credit etc. As on Mar 31, 2016, the bank had a network of 1,333 branches and 2,032 ATMs. In FY16, KMBL launched mStore and eStore on mobile and net banking. The bank launched the International Banking Unit in GIFT City, Gujarat in FY16, to meet growing demands for foreign currency facilities to corporates.
Dun & Bradstreet D-U-N-S® No 65-019-5050 Financials (` mn) 189,964.2
Total Income
2,573,083.2
Total Business
20,897.8
Net Profit Key Ratios (%)
61.7
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
82.5
Krung Thai Bank Public Company Limited 6th Floor, 62 Maker Chambers VI, Nariman Point, Mumbai - 400021, Maharashtra Website: http://www.ktb.co.th/ Business Profile Krung Thai Bank Public Company Ltd (Krung Thai Bank), a Thailand based banking company, was established in Mar 1996, by the merger of two government-owned banks, Kaset Bank and Monton Bank. Its products & services include; deposit, loans, e-banking, payment & top up, cards, funds transfer, investment, wealth management, insurance, international financial services, cash management, FX & derivatives and investment banking among others. It also
caters to the SME, corporate and government sector. In India, Krung Thai Bank offers lending, deposit, remittance, trade finance and foreign exchange among others.
Dun & Bradstreet D-U-N-S® No 86-217-4591 Financials (` mn) 278.1
Total Income
3,367.5
Total Business
60.3
Net Profit Key Ratios (%)
8.8
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
16.8
The Lakshmi Vilas Bank Limited Salem Road, Kathaparai, Karur- 639006, TN Website: www.lvbank.com Business Profile The Lakshmi Vilas Bank Ltd (LVB) was incorporated in 1926 and in August 1958 became a scheduled commercial bank. It offers a wide range of deposit and loan products and services to small business and corporate clients. It provides savings and current account schemes namely Lakshmi Power, Lakshmi Savings Gold and Savings Youth Power among others. The bank also provides NRI services like NRE and RFC account facility to their clients.
LVB Crown Services was launched in FY16 for high net-worth customers. In FY16, LVB opened 60 new branches thus, as on Mar 31, 2016, the bank had a network of 459 branches, one satellite branch, seven extension counters and 910 ATMs spread over 16 states. The bank also launched the mobile banking App “LVB Mobile” in all three major mobile platforms.
Dun & Bradstreet D-U-N-S® No 65-064-9858 Financials (` mn) Total Income
28,728.3
Total Business
450,747.0 1,802.4
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
15.0 17.6
27
India’s Leading BFSI Companies 2017
Mashreqbank psc 1305, Raheja Centre, 13th Floor, Nariman Point, Mumbai - 400021, Maharashtra Website: www.mashreqbank.com Business Profile Mashreqbank psc (Mashreq) was established in 1967 to provide banking and financial services. The bank operate with 12 offices in nine countries, including Europe, US, Asia and Africa. Mashreq primarily operates into four verticals namely personal banking, corporate banking, business banking and international banking. Personal banking comprises accounts & deposits, loan products, overdrafts, credit & debit cards, insurance, convenience banking
etc. Under corporate banking, the bank provides various products and solutions under corporate lending, treasury and capital markets, cash management and investment banking. The company offers Islamic banking through Mashreq Al Islami, an arm of Mashreq Group, which offers Sharia compliant offerings.
Dun & Bradstreet D-U-N-S® No 87-181-2831 Financials (` mn) 444.5
Total Income
3,156.8
Total Business
199.3
Net Profit Key Ratios (%)
(0.7)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(22.0)
Mizuho Bank Limited Level 17, TOWER–A Peninsula Business Park, Lower Parel, Mumbai - 400013, Maharashtra Website: www.mizuhobank.com/india Business Profile Mizuho Bank Ltd (MHBK), formerly known as Mizuho Corporate Bank Ltd, is the integrated retail and corporate banking unit of Mizuho Financial Group, one of the largest financial services companies in Japan. MHBK was established in Apr, 2002 in Japan. On July 1, 2013, Mizuho Corporate Bank Ltd merged with former MHBK globally to form a single entity named MHBK. In India, the bank offers various product such as deposit-taking, lending,
L/C issuance, acceptance and confirmation, acceptance and negotiation of import/export bills, remittance, forward exchange contracts, guarantees and MSME lending among others. It provides personal and company accounts, basic savings bank deposit accounts. In 2016, the bank had a total of five branches across in New Delhi, Mumbai, Ahmedabad, Bangalore and Chennai.
Dun & Bradstreet D-U-N-S® No 91-844-5644 Financials (` mn) 8,372.6
Total Income
146,088.9
Total Business
2,638.8
Net Profit Key Ratios (%)
17.7
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
52.3
The Nainital Bank Limited Seven Oaks Building, Mallital, Nainital - 263001, Uttarakhand Website: www.nainitalbank.co.in Business Profile The Nainital Bank Ltd (Nainital Bank) was established in 1922. The bank provides variety of products and services across personal, business and rural & agri banking segments. The personal banking segment provides various deposit and retail loan schemes including Apna Ashiana, Suhana Safar, Naini Sahyog, etc. In the business banking segment, the bank offers services ranging from working capital finance, short term corporate loans. It also offers project
finance through schemes like Vyapar Suvidha, Naini HealthCare, Siksha Prasar, among others. It’s rural and agri banking segment extends loans to agricultural activities and also provide various services to farmers like Naini Kisan Credit Card & Naini Kisan Gold card. Nainital Bank implemented an assets management module to track fixed assets of the bank and made investment module live in CBS (FinCraft) in FY16.
Dun & Bradstreet D-U-N-S® No 87-179-9012 Financials (` mn) Total Income
5,650.6
Total Business
79,966.7 469.7
Net Profit Key Ratios (%)
1.5
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
1.2
National Australia Bank Limited 901, 9th Floor, Nariman Bhavan, 227 Backbay Reclamation, Nariman Point, Mumbai, 400021, Maharashtra Website: www.nabasia.com/in Business Profile National Australia Bank Ltd (NABL) is an Australia based bank, which specialises in servicing high net worth investors and businesses. The bank established its first Indian representative office in 2006 and Following regulatory approval from RBI, converted it into a full branch in 2012. NABL offers a range of wholesale, institutional and personal banking services from the office in Mumbai. Its personal banking portfolio comprises of savings, current and term deposit 28
accounts; while institutional banking services comprise of trade finance, acquisition finance, global specialised financing, loan syndication, risk management and debt capital markets. Under wholesale banking, it offers a range of specialised funding, investment, asset services and risk management capabilities. It also provides migrating banking which helps in setting up Australian or New Zealand banking accounts for individuals migrating to these countries.
Dun & Bradstreet D-U-N-S® No 86-031-2380 Financials (` mn) 634.3
Total Income
1,034.9
Total Business
138.0
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(7.2) (48.0)
India’s Leading BFSI Companies 2017
Oriental Bank of Commerce Harsha Bhawan, E-Block, Connaught Place, New Delhi – 110001, Delhi Website: www.obcindia.co.in Business Profile Oriental Bank of Commerce (OBC), a GoI undertaking, was established in 1943. In 1945, OBC was acquired by the Thapar Group. In 1980, OBC got nationalized. Later, Punjab Co-operative Bank Ltd and Bari Doaba Bank Ltd were merged with OBC in 1997. In 2004, the Global Trust bank also was merged with OBC. OBC is engaged in treasury operations, corporate or wholesale banking and retail banking operations. It offers various other products and services such as
housing loans, education loans and loans to SMEs, savings account and current account among others. During FY16, 100 new branches were opened and 78 new ATMs were installed by the bank. As of Mar 31, 2016, OBC’s total delivery channels stood at a total of 4,917, comprising of 2,351 Branches and 2,566 ATMs.
Dun & Bradstreet D-U-N-S® No 87-179-3705 Financials (` mn) 218,249.9
Total Income
3,577,948.1
Total Business
1,560.8
Net Profit Key Ratios (%)
(1.2)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
2.4
Punjab & Sind Bank 21, Bank House, Rajendra Place, New Delhi – 110008, Delhi Website: www.psbindia.com Business Profile Punjab & Sind Bank (P&SB) was incorporated in 1908 as The Punjab and Sind Bank Ltd. In 1980, the bank got nationalised and acquired its present name. P&SB’s business is primarily divided into treasury, retail banking, corporate banking, priority sector banking and other banking services. In retail banking it provide loans and advances for housing, trade, automobiles, education and personal loans. P&SB’s corporate banking products include
term loans, short-term loans, cash and export credit, bill discounting and working capital finance. The bank opened 32 new branches and installed 71 new ATMs in FY16. The total number of ATMs as on Mar 31, 2016 is 1,341. Some of the new initiatives during the year included Mudra Card for small scale units, implementing Jeevan Praman a biometric authentication of pensioners, new schemes for financing farm mechanization and vehicles for agriculturists.
Dun & Bradstreet D-U-N-S® No 91-535-6179 Financials (` mn) 92,228.3
Total Income
1,551,660.4
Total Business
3,359.7
Net Profit Key Ratios (%)
2.3
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
3.0
Punjab National Bank 7, Bhikaiji Cama Place, New Delhi – 110607, Delhi Website: www.pnbindia.in Business Profile Punjab National Bank (PNB) commenced its operations in 1895, and was nationalized in 1969. In 1993, New Bank of India was merged with PNB and further in 2003, Nedungadi Bank Ltd was amalgamated with the bank. Under personal banking, the bank offers savings, current, fixed deposits, credit, doorstep banking services etc. The bank has a branch network of 6,759 and 9,463 ATMs as on Mar 31, 2016. During FY16, 202 new branches
were added. PNB also added 32 ‘women only’ branches named “Akshaya” during the year. These branches are managed exclusively by women for the women customers only. It also launched a slew of innovative digital products and solutions in FY16 such as PNB ATM Assist, PNB MobiEase, PNB Sleep Easy, Green PIN, etc. A saving product, named “PNB POWER SAVINGS” exclusively for women was launched in March 2016.
Dun & Bradstreet D-U-N-S® No 65-005-6740 Financials (` mn) 543,013.7
Total Income
9,653,769.3
Total Business
(39,744.0)
Net Profit Key Ratios (%)
4.0
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
9.5
RBL Bank Limited First Lane, Shahupuri, Kolhapur - 416001, Maharashtra Website: www.rblbank.com Business Profile RBL Bank Ltd (RBL Bank), a scheduled commercial bank, was established in 1943. RBL offers specialized services in five business verticals namely: corporate & institutional banking, commercial banking, retail banking, agri & development banking and financial markets. Under commercial banking, it provides services to SMEs including credit for supply chain management, commercial vehicle finance; short-term loan and term loan among
others. The bank caters to businesses, financial institutions & government sectors and offers products & services such as cash credit, trade finance, supply chain financing solutions etc. for corporate and institutional banking. RBL Bank has various products to offer for micro and small business banking such as Ratna Pragati and Ratna Unnatti among others. As of March 2016, RBL Bank has grown to a network of 197 branches and 362 ATMs across 13 Indian states.
Dun & Bradstreet D-U-N-S® No 91-535-9277 Financials (` mn) Total Income
32,348.5
Total Business
455,777.3 2,924.8
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
37.3 44.5
29
India’s Leading BFSI Companies 2017
The Royal Bank of Scotland N.V. Brady House,1st Floor, 14, Veer Nariman Road, Fort, Mumbai - 400023, Maharashtra Website: www.rbs.in Business Profile The Royal Bank of Scotland N.V. (RBS) started its Indian operations since 1921. RBS group acquired the business of ABN AMRO Bank in India and renamed it as The Royal Bank of Scotland N.V. in 2010. RBS clients comprise bluechip Indian corporations, leading multinational corporations, large financial institutions, the Indian government and high net-worth companies. In FY17, RBS commenced closing of its retail banking branches in India in a phased
manner.
Dun & Bradstreet D-U-N-S® No 87-219-4911 Financials (` mn) Total Income
13,589.8
Total Business
115,013.7 289.6
Net Profit Key Ratios (%)
(23.0)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(46.9)
Sberbank Gopal Das Bhawan, 28 Barakhamba Road, Connaught Place, New Delhi - 110001, Delhi Website: www.sberbank.co.in Business Profile Sberbank (Sberbank) was established in 1841. The bank offers a wide range of banking services or retail customers which include traditional deposits, various types of loans, bank cards, money transfers, bank insurance and brokerage services. Globally, the bank has presence in 22 countries which include CIS countries of Kazakhstan, Ukraine and Belarus, nine countries of Central and Eastern Europe and in Turkey. The bank caters to the corporate
segment by offering deposit–taking, settlement services, project, trade and export finance, cash management and other core banking activities.
Dun & Bradstreet D-U-N-S® No 87-360-2743 Financials (` mn) 437.1
Total Income
3,860.6
Total Business
(6.0)
Net Profit Key Ratios (%)
(17.6)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
6.8
SBM Bank (Mauritius) Limited 101, Raheja Centre, Free Press Journal Marg, Nariman Point, Mumbai – 400021, Maharashtra Website: www.sbmgroup.mu Business Profile SBM Bank (Mauritius) Ltd (SBM) was established in Mauritius in 1973. SBM has presence in Mumbai, India since 1994. The bank also has a network of three other branches in India at Chennai, Hyderabad and Ramachandrapuram. Its lines of business include: retail banking, SME banking, wealth management & private banking, corporate banking and international banking & global business, treasury services, asset financing and asset management among
others. Under retail banking it offers deposit/ savings account, NRO & NRE accounts, mortgage loan, personal loan, housing loan & money transfer in both local and foreign currencies. SBM provides services under corporate banking such as traditional banking products, transactional banking services, asset finance, commercial loan and working capital finance, project finance etc. SBM as an authorised foreign exchange dealer offers forex conversion and hedging solutions to FII.
Dun & Bradstreet D-U-N-S® No 86-221-6983 Financials (` mn) Total Income
1,430.5
Total Business
15,987.2 (429.3)
Net Profit Key Ratios (%)
(6.0)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
12.1
Shinhan Bank Wockhardt Towers, 5th floor, West Wing, BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.Shinhanbankindia.com Business Profile Shinhan Bank (Shinhan), established in 1897, is a wholly owned subsidiary of Shinhan Financial Group. Shinhan commenced its Indian operations in May 1996. In India, the bank provides services under two main segments namely corporate and retail banking. Under corporate banking, it offers products in the trade, liability and asset aspects of banking. The bank offers letter of credit (LC) backed inland & export bill discounting. Under retail banking, 30
Shinhan offers fixed deposit, savings bank accounts & recurring deposit accounts along with debit cards, internet banking, RTGS / NEFT facilities, personal and housing loans among others. The bank’s main departments are operations, remittance, imports, credit, exports and audit among others. Shinhan opened its first ATM in India in Aug 2014. The bank operates a network of four branches across Mumbai, New Delhi, Kancheepuram and Pune.
Dun & Bradstreet D-U-N-S® No 65-063-2404 Financials (` mn) Total Income
3,591.4
Total Business
68,100.1 650.4
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
13.8 51.0
India’s Leading BFSI Companies 2017
Societe Generale 19th Floor, Tower A, Peninsula Business Park, Lower Parel, Mumbai – 400013, Maharashtra Website: www.societegenerale.in Business Profile Societe Generale (Societe Generale) has presence in India since 1978 with the opening of a representative office in Delhi. In 1985, Societe Generale started its first full-fledged banking branch in Mumbai and a second branch in Delhi in 1993. In India, it offers various banking facilities and services such as customer deposits, plain vanilla working capital loans, term loans, trade finance, corporate foreign exchange services as well as investment
banking products like structured finance and derivatives among others. Services offered by the bank include commercial banking products, including working capital facilities, export & import finance, INR term loans, letters of credit, bank guarantees, forex forwards, hedging solutions etc. Other services provided by the bank include correspondent banking, offshore energy hedging and commodity derivatives. The bank operates in India through three functioning offices in India.
Dun & Bradstreet D-U-N-S® No 91-843-6937 Financials (` mn) Total Income
4,814.0
Total Business
71,109.3 575.9
Net Profit Key Ratios (%)
9.6
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
7.1
The South Indian Bank Limited SIB House, TB Road, Mission Quarters, Thrissur - 680001, Kerala Website: www.southindianbank.com Business Profile The South Indian Bank Ltd (SIB) was incorporated as a private sector bank in 1929 in the state of Kerala. The bank became a scheduled bank in 1946 under the RBI Act. In 1990, the bank entered merchant banking business and in 1998, the bank came out with its IPO. Under personal banking, it offers a host of products and services including; accounts & deposits, loans, mutual funds, insurance, money transfer and other value added services like demat,
NPS, travel card, CMS and online trading among others. Its business banking portfolio encompasses business accounts, domestic finance, international finance, money transfers and other value added services. SIB has opened 29 new offices and 87 ATMs across the country during FY16. The bank had a network across India with 834 branches and 1287 ATMs as on Mar 31, 2016.
Dun & Bradstreet D-U-N-S® No 91-574-1672 Financials (` mn) Total Income
60,746.2
Total Business
968,064.8 3,332.7
Net Profit Key Ratios (%)
5.0
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
8.4
Standard Chartered Bank 23-25, Mahatma Gandhi Road, Fort, Mumbai – 400001, Maharashtra Website: www.sc.com/in Business Profile Standard Chartered Bank (Standard Chartered) was formed in 1969 by the merger of the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China. Standard Chartered has been banking in India since 1858. The bank provides personal, priority, private, NRI, business and corporate & institutional banking services. Under personal banking, it offers products such as savings and current accounts, depository services,
credit and debit cards, personal and home loans among others. It also offers short term lending, trade services, transaction banking, protection solutions and cross border solutions. Standard Chartered also offers the RTGS facility and online services such as online banking, eStatement, payment getaway and mobile services like breeze mobile web, SMS banking and prepaid mobile top up. Standard Chartered has partnered with National Financial Switch (NFS) and Cashnet shared ATM networks.
Dun & Bradstreet D-U-N-S® No 65-007-2791 Financials (` mn) 120,125.8
Total Income
1,417,291.1
Total Business
10,065.0
Net Profit Key Ratios (%)
(10.7)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
0.3
State Bank of Bikaner & Jaipur Tilak Marg, ‘C’ Scheme, Jaipur - 302005, Rajasthan Website: www.sbbjbank.com Business Profile State Bank of Bikaner & Jaipur (SBBJ) traces its roots back to 1943-44, when Bank of Bikaner and Bank of Jaipur were formed. These two separate entities were incorporated as subsidiaries of SBI in 1960 and subsequently in 1963, were merged as a single entity under the name of SBBJ. The bank caters to wide variety of customers by offering a bouquet of services such as personal banking, NRI services, international banking, corporate banking, agricultural products, SME
services, treasury services etc. As on Mar 31, 2016, the total number of branches stood at 1,316. It installed 212 ATMs during the year, taking the total number of ATMs to 1,954. SBBJ Solar loan scheme, SBBJ Grih Alankar and SBBJ Easy Car loan are some of the loan schemes introduced by SBBJ during FY16.
Dun & Bradstreet D-U-N-S® No 65-033-2554 Financials (` mn) 106,495.2
Total Income
1,669,323.1
Total Business
8,506.0
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
7.2 8.5
31
India’s Leading BFSI Companies 2017
State Bank of Hyderabad Gunfoundry, Abids, Hyderabad - 500001, AP Website: www.sbhyd.com Business Profile State Bank of Hyderabad (SBH) was incorporated in 1941 as Hyderabad State Bank. In 1953, the bank took over the assets and liabilities of Hyderabad Mercantile Bank Ltd and also started conducting government and treasury business as an agent of the RBI. The bank was taken over by RBI as its subsidiary in 1956 and acquired its present name. SBH provides wide range of deposits and loan products under personal banking, MSME services, corporate banking,
agriculture banking and NRI banking services. SBH also has tie-up arrangements with SBI Life Insurance Co Ltd, SBI General Insurance Co Ltd, SBI Cards and Payments Services (P) Ltd and SBI MF for selling life insurance, general insurance, credit cards and mutual funds respectively. As of March 2016, SBH had a network of 1,954 functioning offices and 2,380 ATMs across India.
Dun & Bradstreet D-U-N-S® No 65-067-5630 Financials (` mn) 156,327.8
Total Income
2,482,394.1
Total Business
10,649.2
Net Profit Key Ratios (%)
3.2
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
5.5
State Bank of India State Bank Bhavan, Madame Cama Road, Mumbai - 400021, Maharashtra Website: www.sbi.co.in Business Profile State Bank of India (SBI) was founded in 1806, as Bank of Calcutta and subsequently evolved into SBI in the year 1955. SBI primarily operates in the business segments namely personal banking, agricultural banking, international banking and other banking operations. SBI’s international banking operation spans across 196 offices spread across 37 countries in the world. During FY16, it opened two new branches in United Kingdom and four Indian visa
application centres in Bangladesh. After opening 451 new branches and 286 ATMs during the year, the branch network of the bank reached a total of 16,784 branches and 42,740 ATMs as of Mar 31, 2016. SBI launched the mobile banking applications State Bank Anywhere Saral and State Bank Anywhere Corporate in FY16. It also introduced the Loyalty Car Loan Scheme for existing Housing Loan borrowers during the year.
Dun & Bradstreet D-U-N-S® No 65-005-6914 Financials (` mn) Total Income
1,918,436.7
Total Business
31,944,228.5 99,506.5
Net Profit Key Ratios (%)
9.6
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
11.0
State Bank of Mysore Mysore Bank Circle, K. G. Road, Bengaluru - 560254, Karnataka Website: www.statebankofmysore.co.in Business Profile State Bank of Mysore (SB Mysore) was founded in 1913 as Bank of Mysore Ltd under the patronage of the erstwhile Government of Mysore. In 1960, the bank became an associate of SBI. SB Mysore offers various deposits schemes which include Mybank Suraksha Savings Account, Mybank Suraksha Savings Plus Account, Mybank Suraksha Time Deposit Account; savings account and term deposits among others. Under personal banking, it provides personal
loans, mortgage loans, housing loans etc. Under commercial banking, the bank provides various schemes like Traders-Liberalised Trade Finance, SBM Paryatan Plus among others. The bank opened 25 new branches during FY16. During FY16, SB Mysore installed 82 ATMs, taking the total number of ATM installed to 1,416 as on Mar 31, 2016. Under personal segment, two new deposit products were introduced during the year namely Vidyarthi Sanchay and Mybank Sudhan.
Dun & Bradstreet D-U-N-S® No 87-177-6448 Financials (` mn) 79,378.5
Total Income
1,245,224.7
Total Business
3,578.5
Net Profit Key Ratios (%)
3.0
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
5.4
State Bank of Patiala The Mall, Patiala - 147001, Punjab Website: www.sbp.co.in Business Profile State Bank of Patiala (SBP) was incorporated in 1917 as the Patiala State Bank. In 1948 the bank was reorganised and bought under the control of the RBI. The bank eventually went on to acquire its present name in 1960 after it became a subsidiary of SBI. SBP offers a wide range of products and services under personal banking, agri & rural banking, corporate banking, MSME financing and NRI services & e-services. Under personal banking, SBP offers 32
deposits schemes such as Suraksha saving bank account, students saving bank account, SBP Invest Smart account etc. Under rural banking, SBP offers schemes for vegetable cultivation, commercial dairy, marketing agriculture products etc. SBP has tie-up arrangements with SBI Life Insurance, SBI General Insurance, SBI Cards & Payment Services and SBIMF for selling life insurance, non-life insurance, credit card and MF products.
Dun & Bradstreet D-U-N-S® No 86-220-7669 Financials (` mn) 115,784.6
Total Income
1,891,393.7
Total Business
(9,724.0)
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
1.9 11.2
India’s Leading BFSI Companies 2017
State Bank of Travancore Poojapura, Thiruvananthapuram - 695012, Kerala Website: www.statebankoftravancore.com Business Profile State Bank of Travancore (SBT) was incorporated in 1945 as Travancore Bank Ltd. In 1960, it was made an associate of the SBI and a member of the State Bank group and acquired its present name. SBT offers various services such as personal banking, NRI banking, corporate banking, MSME and agriculture banking. Under personal banking, SBT provides various deposit schemes, loan products and savings & current accounts. Under corporate banking, SBT offers
vyapar suvidha loan scheme, rent plus, flexi loan for traders etc. The bank opened 23 new branches during FY16. As on Mar 31, 2016, SBT had 1,177 branches, 1,707 ATMs and 12 extension counters and was represented in 16 States and 3 Union Territories. It introduced new products during the year, such as Dealer Finance Scheme, Vizhinjam Port Package, SBT NRI Family Card, etc.
Dun & Bradstreet D-U-N-S® No 65-007-9668 Financials (` mn) 107,570.7
Total Income
1,665,850.7
Total Business
3,377.3
Net Profit Key Ratios (%)
1.6
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
4.2
Sumitomo Mitsui Banking Corporation 13th floor, Hindustan Times House, Kasturba Gandhi Marg, New Delhi – 110001, Delhi Website: www.smbc.co.jp Business Profile Sumitomo Mitsui Banking Corporation (SMBC) was established in Apr 2001 through the merger of The Sakura Bank, Ltd and The Sumitomo Bank, Ltd. Sumitomo Mitsui Financial Group Inc. was established in December 2002 through a stock transfer as a bank holding company, and SMBC became a wholly-owned subsidiary of SMFG. In March 2003, SMBC merged with the Wakashio Bank, Ltd. The bank products and services include deposit taking, lending, securities
retail sales and trading, securities investment, fund transfer, foreign exchange, insourcing of financial futures transactions, corporate bond trustee and custody services, retail sales of insurance products etc. It also offers financial services like trade finance, structured finance, syndicated loans, project finance, cash management service and custody and securities services. It is engaged in the leasing, securities, credit card, investment and other credit related businesses amongst others.
Dun & Bradstreet D-U-N-S® No 65-097-4939 Financials (` mn) Total Income
6,546.1
Total Business
81,746.0 1,456.8
Net Profit Key Ratios (%)
68.2
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
115.0
Syndicate Bank Door No. 16/355 & 16/365A, Post Box No 1, Manipal – 576104, Karnataka Website: www.syndicatebank.in Business Profile Syndicate Bank (Syndicate) was incorporated in 1925 as Canara Industrial and Banking Syndicate Ltd. In 1953, Maharashtra Apex Bank Ltd and Southern India Apex Bank Ltd along with other 18 banks merged with the bank. In 1963, the name of the bank changed to Syndicate Bank Ltd and in 1969, the bank got nationalised. Syndicate offers a wide range of deposit products, loan products, cash management services, NRI services, NEFT for electronic fund
transfer, insurance and MF services amongst others. During FY16 the bank added 251 branches to its network and the total number of branches stood at 3,766 as on Mar 31, 2016. The total number of ATMs installed by Syndicate till Mar 31, 2016 stood at 3,730. It introduced new products like Synd Rd Plus, SyndGuide and Synd Swayam-Savings Bank Online Account Opening Service among others.
Dun & Bradstreet D-U-N-S® No 87-178-8185 Financials (` mn) 257,065.1
Total Income
4,631,038.3
Total Business
(16,434.9)
Net Profit Key Ratios (%)
8.4
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
1.1
Tamilnad Mercantile Bank Limited 57, V. E Road, Thoothukudi - 628002, TN Website: www.tmb.in Business Profile Tamilnad Mercantile Bank Ltd (TMB) was formed as Nadar Bank Ltd in 1921. In 1993, the bank established its first currency chest at Madurai and industrial finance branches in TN and AP. TMB primarily operates in personal banking, NRI & international banking and business & corporate banking segments. Under personal banking, the bank provides savings account, fixed deposits, recurring deposits; retail loans, mobile or SMS banking and demat
account among others. Under NRI banking, it provides FCNR-B, NRE, NRO, RFC accounts; money transfer & forex services and travel cards among others. Under business & corporate banking, the bank provides business accounts such as current account, cash credit account; commercial loans such as SME credit, tractor loan, trader or service loan etc. The bank had 487 branches all over India and 1025 ATMs in FY16.
Dun & Bradstreet D-U-N-S® No 65-066-0012 Financials (` mn) Total Income
35,706.7
Total Business
529,465.8 4,021.6
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
14.2 17.7
33
India’s Leading BFSI Companies 2017
UCO Bank 10 BTM, Sarani, Barbourne Road, 7th floor, Kolkata - 700001, WB Website: www.ucobank.com Business Profile UCO Bank (UCO) was incorporated in 1943 as The United Commercial Bank Ltd and was nationalized in 1969. In 1985, UCO acquired its present name. It primarily offers personal banking, corporate banking, international and rural banking. Personal banking segment of UCO offers services such as deposits, loans/ advances and debit card services. Under rural banking, UCO provides finance to MSME and agriculture sector and offers schemes like UCO
Kisan Tatkal Scheme, UCO Estate Purchase Loan Scheme, Kisan Credit Card and UCO Mahila Utthan amongst others. The bank opened 57 branches during FY16. UCO had 10 circle offices, 49 zones, 3,073 domestic branches, 2,564 ATMs and 4 overseas branches, as on Mar 31, 2016. The bank also launched new schemes during the year such as UCO Pre-approved Home Loan scheme and UCO HOME Loan Campaigns.
Dun & Bradstreet D-U-N-S® No 65-009-5433 Financials (` mn) 201,572.8
Total Income
3,330,236.1
Total Business
(27,992.6)
Net Profit Key Ratios (%)
(5.6)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
(7.9)
Union Bank of India Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021, Maharashtra Website: www.unionbankofindia.co.in Business Profile Union Bank of India (Union Bank) was incorporated in 1919. In 1969, it was nationalized and acquired its present name. Under personal banking, the bank offers savings & deposit accounts, retail loan schemes, insurance & investment plans, credit & debit cards etc. Under corporate banking, it offers loan syndication, trade financing, non-life insurance plans, e-tax payment services etc. It has launched a specially devised micro-loan product known as Pragati
over bio-metric cards. It has tied-up with Shri Kshetra Dharmasthala Rural Development Project (SKDRDP) an NGO for financing of Self Help Group (SHGs). Union Bank entered into an agreement with CSC e-Governance India Ltd for launching kiosk banking manned by Business Correspondents (BCs) at various places. The bank had a branch network of 4,196 branches across the county, four branches abroad and 6,883 ATMs as on Mar 31, 2016.
Dun & Bradstreet D-U-N-S® No 65-008-2340 Financials (` mn) 358,305.4
Total Income
6,100,740.1
Total Business
13,516.0
Net Profit Key Ratios (%)
0.6
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
6.6
United Bank of India 11, Hemanta Basu Sarani, Kolkata - 700001, WB Website: www.unitedbankofindia.com Business Profile United Bank of India (United Bank) was formed in 1950, as United Bank of India Ltd with the amalgamation of four banks namely, Comilla Banking Corporation Ltd, Bengal Central Bank Ltd, Camilla Union Bank Ltd and Hooghly Bank Ltd. The Bank was nationalized in 1969. United bank primarily operates in retail banking, corporate banking, MSME and international banking. United bank has corporate agency agreement with Bajaj Allianz and LIC for
insurance business. It also has tie-ups with nine AMCs for distribution of mutual fund products. The bank has overseas presence through representative offices at Dhaka in Bangladesh and Yangoan in Myanmar. As on 31.03.2016 the total number of branches of the Bank stands at 2011. In Oct 2015, United Bank entered into strategic alliance with Kotak Securities to provide equity broking services to its customers through U-Connect TRIO.
Dun & Bradstreet D-U-N-S® No 87-179-4493 Financials (` mn) 114,042.0
Total Income
1,844,614.8
Total Business
(2,819.6)
Net Profit Key Ratios (%)
(4.4)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
5.1
United Overseas Bank 3 North Avenue , Maker Maxity, 31 & 37, 3rd Floor , BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.uobgroup.com/in Business Profile United Overseas Bank (UOB) was incorporated in 1935 as the United Chinese Bank. It acquired its current name in 1965. It opened its first branch in India in Dec 2009 in Mumbai. UOB provides a wide range of financial services which include retail and wholesale banking services, including lending, treasury and trade finance products, to individuals, corporations and financial institutions. Under personal banking, it offers basic savings and current account and deposit 34
services; while under corporate banking, it offers loans, foreign exchange services, trade finances and offshore and FDI services among oithers. It also caters to NRI client base by offering Foreign Currency Non-Resident Deposit (FCNR) services.
Dun & Bradstreet D-U-N-S® No 87-255-8286 Financials (` mn) Total Income
1,164.0
Total Business
15,166.8 352.5
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
51.3 54.6
India’s Leading BFSI Companies 2017
Vijaya Bank 41/2, M.G. Road, Bengaluru – 560001, Karnataka Website: www.vijayabank.com Business Profile Vijaya Bank (Vijaya Bank), a GoI undertaking was established in 1931 in Mangalore, Karnataka. In 1958, the bank became a schedule commercial bank. During the period of 1963-68 Vijaya Bank merged with nine other smaller banks. Vijaya Bank was nationalised in April 1980. Vijaya Bank’s product portfolio includes savings & deposits, loan & advances products, NRI services, cards services and remittances & collection services. Vijaya Bank added 246 branches in FY16, taking
the total branch network to 1,863 branches. As at 31st March 2016, the bank had 1,651 ATMs. For credit delivery to micro entrepreneurs, it launched V-Mudra Card and V-Swadesh scheme in FY16. During the financial year, Bank launched new schemes including one for Financing Food and Agro Processing units, a Revised Debt Swap Scheme and a new version of Mobile Banking.
Dun & Bradstreet D-U-N-S® No 65-007-9858 Financials (` mn) 129,574.4
Total Income
2,144,276.8
Total Business
3,818.0
Net Profit Key Ratios (%)
(1.5)
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
0.7
Westpac Banking Corporation B - 1201, The Capital, C-70 G Block, BKC, Bandra (E), Mumbai – 400051, Maharashtra Website: www.westpac.in Business Profile Westpac Banking Corporation (WBC) was established in 1817 as the Bank of New South Wales. The bank acquired its current name post its merger with Commercial Bank of Australia in 1982. The bank operates in India through its Mumbai office. It caters to corporate and institutional customers, multinational and Australian companies in India, individuals, including non-resident Indians, and students travelling to Australia and New Zealand and
their families. Its wide range of products and services include; corporate & Institutional client management, trade finance, transactional banking, foreign exchange, debt markets, commodities, carbon and energy and personal banking.
Dun & Bradstreet D-U-N-S® No 87-231-4001 Financials (` mn) Total Income
1,724.0
Total Business
24,198.3 243.3
Net Profit Key Ratios (%)
1.7
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
33.3
Woori Bank 6th Floor, EA Chambers, No. 49, 50L, Whites Road, Royapettah, Chennai – 600014, TN Website: http://in.wooribank.com Business Profile Woori Bank (Woori Bank) was established as Chosun Trust Company in 1932 and was later renamed as Hanvit Bank. In 2002, it acquired its present name. In India, it operates through its branch in Chennai. The bank’s products and services include; deposits, loans, foreign exchange, remittance, import/export and card services among others. Its offerings encompass FDs, recurring deposits, savings/current account, EEFC account, POAIFC account, term loans,
overdraft, vendor financing, ECBs, guarantee’s, export bills of collection, export finance and LC advising among others.
Dun & Bradstreet D-U-N-S® No 65-064-7154 Financials (` mn) 772.3
Total Income
7,334.0
Total Business
181.8
Net Profit Key Ratios (%)
9.3
TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
3.3
Yes Bank Limited Nehru Centre, 9th Floor, Dr. A. B. Road, Worli, Mumbai – 400018, Maharashtra Website: www.yesbank.in Business Profile Yes Bank Ltd (Yes Bank) was incorporated in 2003 and launched its corporate and business banking in 2004. Yes Bank has four main segments viz., personal banking, business banking, corporate banking and digital banking. The bank provides a range of banking services including working capital finance, specialised corporate finance, trade, cash management & transactional services, treasury services, investment banking solutions and liquidity
management solutions to name a few. In Oct 2015, it operationalised its IFSC Banking Unit in Gujarat International Finance Tec City. As of Mar 31, 2016, it had over 860 branches and over 1600 ATMs. It has partnered with Snapdeal and will power the FreeCharge Digital Wallet, launched by FreeCharge. Yes Bank has also launched its first Currency Chest and Small Coin Depot in Mumbai in March 2016.
Dun & Bradstreet D-U-N-S® No 91-863-0500 Financials (` mn) 162,455.9
Total Income
2,099,294.6
Total Business
25,394.5
Net Profit Key Ratios (%) TI Growth (y-o-y) Business Growth (y-o-y) (As on Mar 31, 2016)
19.3 25.9
35
India’s Leading BFSI Companies 2017
36
Advertorial
Total Income Listing
India’s Leading BFSI Companies 2017
39
India’s Leading BFSI Companies 2017 Sr No
Company Name
Type
Total Income (` mn)
1
Housing Development Finance Corporation Limited
Housing Finance Company
309,565.7
2
Power Finance Corporation Limited
NBFC
275,643.1
3
Rural Electrification Corporation Limited
NBFC
237,562.8
4
National Bank for Agriculture and Rural Development
FIs & Financial Services
207,301.2
5
LIC Housing Finance Limited
Housing Finance Company
124,854.6
6
Shriram Transport Finance Company Limited
NBFC
102,452.6
7
Indiabulls Housing Finance Limited
Housing Finance Company
88,419.2
8
Export-Import Bank of India
FIs & Financial Services
87,810.3
9
Indian Railway Finance Corporation Limited
NBFC
75,073.0
10
Bajaj Finance Limited
NBFC
73,834.8
11
Dewan Housing Finance Corporation Limited
Housing Finance Company
73,167.2
12
Mahindra & Mahindra Financial Services Limited
NBFC
59,051.0
13
Small Industries Development Bank of India
FIs & Financial Services
57,846.1
14
Muthoot Finance Limited
NBFC
48,750.2
15
Weizmann Forex Limited
FIs & Financial Services
47,889.7
16
India Infrastructure Finance Company Limited
NBFC
46,594.5
17
National Housing Bank
FIs & Financial Services
42,126.0
18
Cholamandalam Investment and Finance Company Limited
NBFC
41,937.1
19
Reliance Capital Limited
NBFC
41,450.0
20
IFCI Limited
NBFC
40,066.4
21
Shriram City Union Finance Limited
NBFC
38,560.2
22
Tata Capital Financial Services Limited
NBFC
34,713.4
23
Housing and Urban Development Corporation Limited
FIs & Financial Services
33,022.0
24
HDB Financial Services Limited
NBFC
33,020.2
25
Kotak Mahindra Prime Limited
NBFC
27,615.6
26
PNB Housing Finance Limited
Housing Finance Company
26,965.9
27
The National Small Industries Corporation Limited
NBFC
26,854.4
28
Tata Motors Finance Limited
NBFC
25,392.4
29
Religare Finvest Limited
NBFC
25,282.9
40
Total Income Listing Sr No
India’s Leading BFSI Companies 2017
Company Name
Type
Total Income (` mn)
30
Aditya Birla Finance Limited
NBFC
24,866.0
31
Sundaram Finance Limited
NBFC
24,750.2
32
L&T Infrastructure Finance Company Limited
NBFC
24,361.5
33
L&T Finance Limited
NBFC
23,519.9
34
Fullerton India Credit Company Limited
NBFC
22,769.4
35
Manappuram Finance Limited
NBFC
22,174.7
36
India Infoline Finance Limited
NBFC
22,073.4
37
Magma Fincorp Limited
NBFC
21,391.6
38
Muthoot Fincorp Limited
NBFC
20,852.3
39
National Stock Exchange of India Limited
FIs & Financial Services
20,445.4
40
IL&FS Financial Services Limited
NBFC
19,215.6
41
SREI Infrastructure Finance Limited
NBFC
18,963.3
42
ECL Finance Limited
NBFC
18,865.8
43
Capital First Limited
NBFC
18,478.4
44
Bajaj Holdings & Investment Limited
NBFC
14,012.8
45
ICICI Securities Primary Dealership Limited
NBFC
13,619.4
46
GRUH Finance Limited
Housing Finance Company
12,754.0
47
Tata Capital Housing Finance Limited
Housing Finance Company
12,654.5
48
PTC India Financial Services Limited
NBFC
11,869.3
49
Indian Renewable Energy Development Agency Limited
NBFC
11,745.4
50
Hinduja Leyland Finance Limited
NBFC
11,456.9
51
Can Fin Homes Limited
Housing Finance Company
10,835.4
52
ICICI Home Finance Company Limited
Housing Finance Company
10,713.7
53
Ujjivan Financial Services Limited
NBFC
10,276.1
54
Sundaram BNP Paribas Home Finance Limited
Housing Finance Company
9,272.6
55
GIC Housing Finance Limited
Housing Finance Company
8,763.7
56
SICOM Limited
NBFC
8,158.2
57
Reliance Home Finance Limited
Housing Finance Company
8,150.3
58
L&T FinCorp Limited
NBFC
7,869.1
59
Family Credit Limited
NBFC
7,782.2
60
L&T Housing Finance Limited
Housing Finance Company
6,587.5
61
IndoStar Capital Finance Limited
NBFC
6,413.8
Total Income Listing
India’s Leading BFSI Companies 2017
Sr No
41
Company Name
Type
Total Income (` mn)
62
Tata Motors Finance Solutions Limited
NBFC
6,341.9
63
Kotak Mahindra Investments Limited
NBFC
6,037.1
64
The Clearing Corporation of India Limited
FIs & Financial Services
6,007.5
65
India Infoline Housing Finance Limited
Housing Finance Company
5,696.0
66
Satin Creditcare Network Limited
NBFC
5,585.2
67
JM Financial Credit Solutions Limited
NBFC
5,194.5
68
BSE Limited
FIs & Financial Services
5,158.9
69
Mahindra Rural Housing Finance Limited
Housing Finance Company
4,954.5
70
Andhra Pradesh State Financial Corporation
FIs & Financial Services
4,815.4
71
STCI Finance Limited
NBFC
4,563.2
72
SBI DFHI Limited
NBFC
4,299.7
73
Indiabulls Commercial Credit Limited
NBFC
3,838.5
74
Axis Finance Limited
NBFC
3,729.9
75
STCI Primary Dealer Limited
NBFC
3,440.4
76
PNB Gilts Limited
NBFC
3,434.0
77
Edelweiss Financial Services Limited
FIs & Financial Services
3,383.4
78
The National Securities Clearing Corporation Limited
FIs & Financial Services
3,314.2
79
Edelweiss Finance & Investments Limited
NBFC
3,246.0
80
Karnataka State Financial Corporation
FIs & Financial Services
3,111.7
81
Credila Financial Services Private Limited
NBFC
3,005.5
82
Stock Holding Corporation of India Limited
FIs & Financial Services
2,927.7
83
Edelweiss Housing Finance Limited
Housing Finance Company
2,733.4
84
Tata Investment Corporation Limited
NBFC
2,520.7
85
Magma Housing Finance
Housing Finance Company
2,424.2
86
Muthoot Capital Services Limited
NBFC
2,284.9
87
IDFC Limited
NBFC
2,258.8
88
Aspire Home Finance Corporation Limited
Housing Finance Company
2,194.7
89
IIFL Holdings Limited
FIs & Financial Services
2,114.1
90
Vistaar Financial Services Private Limited
NBFC
1,940.5
91
S. E. Investments Limited
NBFC
1,933.7
92
Tourism Finance Corporation of India Limited
NBFC
1,856.5
93
National Commodity & Derivatives Exchange Limited
FIs & Financial Services
1,737.4
42
Total Income Listing Sr No
India’s Leading BFSI Companies 2017
Company Name
Type
Total Income (` mn)
94
Sakthi Finance Limited
NBFC
1,720.7
95
Shriram Housing Finance Limited
Housing Finance Company
1,674.7
96
Edelweiss Retail Finance Limited
NBFC
1,614.7
97
JM Financial Limited
NBFC
1,577.7
98
HDFC Investments Limited
NBFC
1,546.9
99
North Eastern Development Finance Corporation Limited
FIs & Financial Services
1,524.2
100
Nabard Financial Services Limited
NBFC
1,445.1
101
National Securities Depository Limited
FIs & Financial Services
1,375.0
102
Intec Capital Limited
NBFC
1,317.3
103
Religare Enterprises Limited
NBFC
1,263.8
104
Central Depository Services (India) Limited
FIs & Financial Services
1,160.8
105
L&T Infra Debt Fund Limited
NBFC
1,140.7
106
Motilal Oswal Financial Services Limited
NBFC
1,108.6
107
Religare Housing Development Finance Corporation Limited
Housing Finance Company
1,064.4
108
Tata Cleantech Capital Limited
NBFC
1,049.2
109
Aditya Birla Housing Finance Limited
Housing Finance Company
1,014.5
110
IFCI Factors Limited
NBFC
909.2
111
A. K. Capital Services Limited
FIs & Financial Services
719.7
112
Indian Clearing Corporation Limited
FIs & Financial Services
696.0
113
LKP Finance Limited
NBFC
583.4
114
India Infoline Insurance Brokers Limited
FIs & Financial Services
571.7
115
Pilani Investment and Industries Corporation Limited
NBFC
466.1
116
CSL Finance Limited
NBFC
446.7
117
Manipal Housing Finance Syndicate Limited
Housing Finance Company
423.2
118
Balmer Lawrie Investments Limited
NBFC
382.3
119
Sustainable Agro-Commercial Finance Limited
NBFC
369.1
Note NBFC stands for Non-Banking Financial Company FIs stand for Financial Institutions
India’s Leading BFSI Companies 2017
Total Income Listing
Non-Banking Financial Companies (NBFCs) Sr No
Company
Total Income (` mn)
1
Power Finance Corporation Limited
275,643.1
2
Rural Electrification Corporation Limited
237,562.8
3
Shriram Transport Finance Company Limited
102,452.6
4
Indian Railway Finance Corporation Limited
75,073.0
5
Bajaj Finance Limited
73,834.8
6
Mahindra & Mahindra Financial Services Limited
59,051.0
7
Muthoot Finance Limited
48,750.2
8
India Infrastructure Finance Company Limited
46,594.5
9
Cholamandalam Investment and Finance Company Limited
41,937.1
10
Reliance Capital Limited
41,450.0
11
IFCI Limited
40,066.4
12
Shriram City Union Finance Limited
38,560.2
13
Tata Capital Financial Services Limited
34,713.4
14
HDB Financial Services Limited
33,020.2
15
Kotak Mahindra Prime Limited
27,615.6
16
The National Small Industries Corporation Limited
26,854.4
17
Tata Motors Finance Limited
25,392.4
18
Religare Finvest Limited
25,282.9
19
Aditya Birla Finance Limited
24,866.0
20
Sundaram Finance Limited
24,750.2
21
L&T Infrastructure Finance Company Limited
24,361.5
22
L&T Finance Limited
23,519.9
23
Fullerton India Credit Company Limited
22,769.4
24
Manappuram Finance Limited
22,174.7
25
India Infoline Finance Limited
22,073.4
26
Magma Fincorp Limited
21,391.6
27
Muthoot Fincorp Limited
20,852.3
28
IL&FS Financial Services Limited
19,215.6
29
SREI Infrastructure Finance Limited
18,963.3
30
ECL Finance Limited
18,865.8
43
44
Total Income Listing Sr No
Company
India’s Leading BFSI Companies 2017
Total Income (` mn)
31
Capital First Limited
18,478.4
32
Bajaj Holdings & Investment Limited
14,012.8
33
ICICI Securities Primary Dealership Limited
13,619.4
34
PTC India Financial Services Limited
11,869.3
35
Indian Renewable Energy Development Agency Limited
11,745.4
36
Hinduja Leyland Finance Limited
11,456.9
37
Ujjivan Financial Services Limited
10,276.1
38
SICOM Limited
8,158.2
39
L&T FinCorp Limited
7,869.1
40
Family Credit Limited
7,782.2
41
IndoStar Capital Finance Limited
6,413.8
42
Tata Motors Finance Solutions Limited
6,341.9
43
Kotak Mahindra Investments Limited
6,037.1
44
Satin Creditcare Network Limited
5,585.2
45
JM Financial Credit Solutions Limited
5,194.5
46
STCI Finance Limited
4,563.2
47
SBI DFHI Limited
4,299.7
48
Indiabulls Commercial Credit Limited
3,838.5
49
Axis Finance Limited
3,729.9
50
STCI Primary Dealer Limited
3,440.4
51
PNB Gilts Limited
3,434.0
52
Edelweiss Finance & Investments Limited
3,246.0
53
Credila Financial Services Private Limited
3,005.5
54
Tata Investment Corporation Limited
2,520.7
55
Muthoot Capital Services Limited
2,284.9
56
IDFC Limited
2,258.8
57
Vistaar Financial Services Private Limited
1,940.5
58
S. E. Investments Limited
1,933.7
59
Tourism Finance Corporation of India Limited
1,856.5
60
Sakthi Finance Limited
1,720.7
61
Edelweiss Retail Finance Limited
1,614.7
62
JM Financial Limited
1,577.7
63
HDFC Investments Limited
1,546.9
64
Nabard Financial Services Limited
1,445.1
65
Intec Capital Limited
1,317.3
66
Religare Enterprises Limited
1,263.8
India’s Leading BFSI Companies 2017
Sr No
Company
Total Income Listing Total Income (` mn)
67
L&T Infra Debt Fund Limited
1,140.7
68
Motilal Oswal Financial Services Limited
1,108.6
69
Tata Cleantech Capital Limited
1,049.2
70
IFCI Factors Limited
909.2
71
LKP Finance Limited
583.4
72
Pilani Investment and Industries Corporation Limited
466.1
73
CSL Finance Limited
446.7
74
Balmer Lawrie Investments Limited
382.3
75
Sustainable Agro-Commercial Finance Limited
369.1
Housing Finance Companies Sr No
Company
Total Income (` mn)
1
Housing Development Finance Corporation Limited
309,565.7
2
LIC Housing Finance Limited
124,854.6
3
Indiabulls Housing Finance Limited
88,419.2
4
Dewan Housing Finance Corporation Limited
73,167.2
5
PNB Housing Finance Limited
26,965.9
6
GRUH Finance Limited
12,754.0
7
Tata Capital Housing Finance Limited
12,654.5
8
Can Fin Homes Limited
10,835.4
9
ICICI Home Finance Company Limited
10,713.7
10
Sundaram BNP Paribas Home Finance Limited
9,272.6
11
GIC Housing Finance Limited
8,763.7
12
Reliance Home Finance Limited
8,150.3
13
L&T Housing Finance Limited
6,587.5
14
India Infoline Housing Finance Limited
5,696.0
15
Mahindra Rural Housing Finance Limited
4,954.5
16
Edelweiss Housing Finance Limited
2,733.4
17
Magma Housing Finance
2,424.2
18
Aspire Home Finance Corporation Limited
2,194.7
19
Shriram Housing Finance Limited
1,674.7
20
Religare Housing Development Finance Corporation Limited
1,064.4
21
Aditya Birla Housing Finance Limited
1,014.5
22
Manipal Housing Finance Syndicate Limited
423.2
45
46
Total Income Listing
India’s Leading BFSI Companies 2017
Financial Institutions and Financial Services Sr No
Company
Total Income (` mn)
1
National Bank for Agriculture and Rural Development
207,301.2
2
Export-Import Bank of India
87,810.3
3
Small Industries Development Bank of India
57,846.1
4
Weizmann Forex Limited
47,889.7
5
National Housing Bank
42,126.0
6
Housing and Urban Development Corporation Limited
33,022.0
7
National Stock Exchange of India Limited
20,445.4
8
The Clearing Corporation of India Limited
6,007.5
9
BSE Limited
5,158.9
10
Andhra Pradesh State Financial Corporation
4,815.4
11
Edelweiss Financial Services Limited
3,383.4
12
The National Securities Clearing Corporation Limited
3,314.2
13
Karnataka State Financial Corporation
3,111.7
14
Stock Holding Corporation of India Limited
2,927.7
15
IIFL Holdings Limited
2,114.1
16
National Commodity & Derivatives Exchange Limited
1,737.4
17
North Eastern Development Finance Corporation Limited
1,524.2
18
National Securities Depository Limited
1,375.0
19
Central Depository Services (India) Limited
1,160.8
20
A. K. Capital Services Limited
719.7
21
Indian Clearing Corporation Limited
696.0
22
India Infoline Insurance Brokers Limited
571.7
Note Includes Development Financial Institutions, merchant bankers, wealth management companies, depository and custodian service providers, stock exchanges, insurance brokers etc.
India’s Leading BFSI Companies 2017
Total Income Listing
47
India’s Leading BFSI Companies 2017
A.K. Capital Services Limited 403, 4th Floor, East Wing, Tulsiani Chambers, Free Press Journal Marg, 212, Nariman Point, Mumbai 400021 Website: www.akcapindia.com Business Profile A. K. Capital Services Ltd (AK Capital), the flagship company of AK Group, was incorporated in the year 1993 as A.K. Capital Services Pvt Ltd and later acquired its present name in 1994. The company got registered with SEBI as Category I Merchant Banker in Apr 1998. AK Capital has been engaged in providing various fee-based services such as fund mobilisation through issue of debt, equity, structured hybrid instruments, venture capital, retirement trust solutions and
project financing among others. It mainly caters to government undertakings, banks, and private corporates among others. The group operates through five subsidiaries and 10 branches across nine cities in the country. As per the company’s FY16 annual report, AK Capital managed 175 assignments of private placement of debt aggregating to ` 668.2 bn.
Dun & Bradstreet D-U-N-S® No 86-031-2357 Financials (` mn) Total Income
719.7
Net Profit
185.7 Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y)
(26.3) 1.5 25.8
NPM (As on Mar 31, 2016)
Aditya Birla Finance Limited Indian Rayon Compound, Veraval - 362266, Gujarat Website: www.adityabirlafinance.com Business Profile Aditya Birla Finance Ltd (ABFL) incorporated in 1991 is the non-banking financial company of the Aditya Birla Financial Services Group. It provides investment solutions in capital market, corporate finance, commercial real estate and mortgages, personal and business loans, infrastructure project and structured finance. ABFL’s capital market solutions provide funds against securities, promoter funding, IPO financing; corporate finance caters to SMEs
and corporate working capital and business finance requirements. The commercial real estate and mortgage solutions include loan against property, lease rental discounting, and commercial property purchase loan and construction finance. Under infrastructure project and structured finance ABFL provides project finance, mezzanine finance, bridge finance and corporate loans.
Dun & Bradstreet D-U-N-S® No 65-070-1712 Financials (` mn) 24,866.0
Total Income
4,086.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
39.7
NP Growth (y-o-y)
51.0
NPM
16.4
(As on Mar 31, 2016)
Aditya Birla Housing Finance Limited Indian Rayon Compound, Veraval Junagadh - 362266, Gujarat Website: www. adityabirlahomeloans.com Business Profile Aditya Birla Housing Finance Ltd (ABHFL) is a part of Aditya Birla Financial Service Group and is registered with National Housing Bank as a housing finance company. The company offers an array of housing finance solutions such as home loans, home improvement and construction loans, balance transfer and top-up loans, loans against property and construction finance. Under home loans, the company offers home extension loan, home improvement
loan, plot and home construction loan and home construction loan. In addition to this, the company also offers lease rental discounting and loan for commercial property purchase.
Dun & Bradstreet D-U-N-S® No 86-031-2358 Financials (` mn) Total Income
1,014.5
Net Profit
(302.2) Growth and Profitability (%)
TI Growth (y-o-y)
2,327.0
NP Growth (y-o-y)
489.1
NPM
(29.8)
(As on Mar 31, 2016)
Andhra Pradesh State Financial Corporation 5-9-194, Post Box No. 165, Chirag Ali Lane, Hyderabad - 500001, Telangana Website: www.apsfc.com Business Profile Andhra Pradesh State Financial Corporation (APSFC) is the merged entity of Andhra State Financial Corporation and Hyderabad State Financial Corporation incorporated in 1956 under the State Financial Corporations Act, 1951. The state level development institution finances small and medium scale industries by providing term loans, working capital term loans, special and seed capital assistance. APSFC in consortium with banks facilitates 48
higher working capital loans to business units through a memorandum of understanding between them. It also caters to self-employed professionals like doctors and is focused in supporting entrepreneurs. APSFC’s non fund based services include marketing of life and non-life insurance products, accepting deposits, student counseling, asset valuation, conducting internal audits and training. During FY16 APSFC disbursed ` 7581.1 mn loans and its cumulative loan portfolio was ` 25570 mn.
Dun & Bradstreet D-U-N-S® No 65-020-0090 Financials (` mn) Total Income
4,815.4 423.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
0.8
NP Growth (y-o-y)
9.9
NPM
8.8
(As on Mar 31, 2016)
India’s Leading BFSI Companies 2017
Aspire Home Finance Corporation Limited Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai- 400025 Website: www.ahfcl.com Business Profile Aspire Home Finance Corporation Ltd (AHFCL), incorporated in 2014, is the subsidiary of Motilal Oswal Securities Ltd (MOSL) which is a part of Motilal Oswal Financial Services Ltd (MOFSL). AHFCL is registered with National Housing Bank (NHB) as a housing finance company. The company offers various loan products such as home loans (purchase/resale), plot loans, construction loans, composite loans, home improvement loans, home extension loans and
Mahila Awaas Loan from Aspire (MALA). In addition to these products, the company also provides property advisory services, technical services such as architectural and design services, estimation and valuation, end-to-end construction/design management, feasibility study, site selection, project appraisal and valuation among others.
Dun & Bradstreet D-U-N-S® No 65-092-3266 Financials (` mn) 2,194.7
Total Income
400.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
817.9 1,743.3 18.2
NPM (As on Mar 31, 2016)
Axis Finance Limited Axis House, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra Website: www.axisfinance.co.in Business Profile Axis Finance Ltd (AFL) incorporated in 1995 is a wholly owned subsidiary of Axis Bank Ltd. The company is a non deposit taking systemically important non banking financial company registered with RBI and caters to retail, corporate and institutional customers. AFL’s retail loan products include loan against shares, mutual funds, fixed deposits and bonds, margin trade funding, employee stock option financing, loan against property and IPO
financing. Corporate funding products include promoter funding, special situations funding, structured and mezzanine financing and realestate financing. AFL had zero NPA’s during FY16 and as on Mar 31, 2016 AFL’s cumulative loan book was ` 33.39 bn which comprised of more than 31% each from loan against shares and structured finance , 22% from real estate financing and 14% from retail loans.
Dun & Bradstreet D-U-N-S® No 87-172-3774 Financials (` mn) Total Income
3,729.9
Net Profit
1,107.7 Growth and Profitability (%)
TI Growth (y-o-y)
66.3
NP Growth (y-o-y)
41.7
NPM
29.7
(As on Mar 31, 2016)
Bajaj Finance Limited Pune Road Akurdi, Pune – 411035, Maharashtra Website: www.bajajfinserv.in/finance Business Profile Bajaj Finance Ltd (BFL) incorporated in 1987 as Bajaj Auto Finance Ltd., is part of Bajaj Group of Companies and a subsidiary of Bajaj Finserv Ltd. BFL is a registered Non-banking finance company focused on six broad categories: Consumer Lending, SME Lending, Commercial Lending, Rural Lending, Fixed deposits; and Value added services. Under consumer lending BFL offers auto, consumer durables, digital products, retailer, e-commerce finance, home
and personal loans, EMI card – retail finance. SME lending includes loan against property, lease rental discounting, business, professional, developer financing. Commercial lending includes auto financing, loan against securities and corporate finance. Rural lending includes consumer durables finance, gold and refinance loans. BFL’s value added services include life and general insurance, mutual fund, credit rating, property and financial fitness report, insurance risk report and property search services.
Dun & Bradstreet D-U-N-S® No 87-181-2394 Financials (` mn) Total Income
73,834.8
Net Profit
12,785.2 Growth and Profitability (%)
TI Growth (y-o-y)
36.3
NP Growth (y-o-y)
42.4
NPM
17.3
(As on Mar 31, 2016)
Bajaj Holdings & Investment Limited Mumbai - Pune Road, Akurdi, Pune - 411035, Maharashtra Website: www.bhil.in Business Profile Bajaj Holdings & Investment Ltd (BHIL) erstwhile Bajaj Auto Limited-incorporated in 1945 was demerged in 2007 into three entities - present BHIL and its associate companies Bajaj Auto Limited (BAL) and Bajaj Finserv Limited (BFL). Besides associate companies BHIL has a wholly-owned subsidiary Bajaj Auto Holdings Ltd and a joint venture Maharashtra Scooters Ltd. BHIL was registered in 2009 as systemically important non-deposit taking NBFC (NBFC
ND-SI) with investment activities in stock and money markets. BHIL’s investment portfolio during FY16 comprised of listed and unlisted equities, real estate funds, fixed income securities including government securities, debentures, bonds, mutual funds, certificate of deposit, commercial paper and fixed deposits with banks.
Dun & Bradstreet D-U-N-S® No 65-005-0578 Financials (` mn) Total Income
14,012.8
Net Profit
12,705.1 Growth and Profitability (%)
TI Growth (y-o-y)
39.2
NP Growth (y-o-y)
43.6
NPM
90.7
(As on Mar 31, 2016)
49
India’s Leading BFSI Companies 2017
Balmer Lawrie Investments Limited 21 Netaji Subhas Road Kolkata - 700001, West Bengal Website: www.blinv.com Business Profile Balmer Lawrie Investments Ltd (BLIL) incorporated in 2001 is a special purpose vehicle company formed due to the demerger of IBP Co. Ltd. and its subsidiary Balmer Lawrie & Co. Ltd. The demerger was due to reforms carried out in the country’s oil sector by the government. BLIL is registered with RBI as a non-banking financial company and it is restricted to a business activity of holding the shares of Balmer Lawrie & Co. Ltd. BLIL is managed by Indian Government’s
Ministry of Petroleum and Natural Gas. The company generates income from two broad sources viz. dividend income from Balmer Lawrie & Co Ltd. and interest received from investments in scheduled commercial banks. BLIL through its subsidiary Balmer Lawrie Co is a holding company of Balmer Lawrie (UK) Ltd and Vishakhapatnam Port Logistics Park Ltd.
Dun & Bradstreet D-U-N-S® No 92-118-3054 Financials (` mn) Total Income
382.3
Net Profit
356.2 Growth and Profitability (%)
TI Growth (y-o-y)
0.1
NP Growth (y-o-y)
(0.2)
NPM
93.2
(As on Mar 31, 2016)
BSE Limited Floor, 25, P. J. Towers, Dalal Street, Mumbai - 400001, Maharashtra Website: www.bseindia.com Business Profile BSE Ltd (BSE) previously known as Bombay Stock Exchange was established in 1875 as The Native Share & Stock Brokers’ Association. BSE is a corporatized and demutualised organization which provides a trading platform in equity, debt instruments, derivatives, mutual funds and for equities of small-and-medium enterprises (SME). The stock exchange has strategic business partnerships with Deutsche Bourse and Singapore Exchange. As on March, 31, 2016
there were 5911 companies listed including both equity and debt on BSE. Besides providing a trading platform BSE through its subsidiaries is engaged in offering risk management, clearing, settlement, market data services and education services to capital market participants. On Mar 14, 2016, SEBI granted permission to BSE to list its equity shares on stock exchanges, for which BSE will be issuing an IPO in FY18.
Dun & Bradstreet D-U-N-S® No 65-009-1705 Financials (` mn) Total Income
5,158.9
Net Profit
1,061.2 Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y)
17.5 4.6 20.6
NPM (As on Mar 31, 2016)
Can Fin Homes Limited No.29/1, Sir M.N. Krishna Rao Road, Basavanagudi, Bengaluru - 560004, Karnataka Website: www.canfinhomes.com Business Profile Can Fin Homes Ltd (CFHL) promoted by Canara Bank was incorporated in 1987 and recognized by National Housing Bank as a deposit accepting housing finance company. As on September 30, 2016 Canara Bank held 43.45 % of its shares. As on September, 30, 2016 CFHL had 120 branches, 50 satellite offices in 19 states which accept deposits from public and provide housing and non-housing loans. CHL deposits include fixed and cumulative deposits offered to general
public, senior citizens and trusts. Its product portfolio includes housing loans to individuals, loans under urban housing, composite loans, staff housing loans, site loans, line of credit, urban refinancing scheme, builder loans. Non housing loans include mortgage loans, personal loans, loans for commercial property, loans against rent receivables, loans to children’s education, flexible loan against property.
Dun & Bradstreet D-U-N-S® No 91-533-3715 Financials (` mn) 10,835.4
Total Income
1,571.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
32.6
NP Growth (y-o-y)
82.2
NPM
14.5
(As on Mar 31, 2016)
Capital First Limited One Indiabulls Centre, Tower 2A & 2B, 10th Floor, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013 Website: www.capitalfirst.com Business Profile Capital First Ltd (CFL) was incorporated in 2005 as KB Infin Pvt Ltd which in 2006 was converted to a public limited company and renamed Future Capital Holdings Ltd. The company was registered as a non deposit accepting NBFC which provided Investment advisory, treasury and wholesale credit and retail financial services. In 2012, private equity fund Warburg Pincus bought a majority stake through a management buyout. The company name was 50
changed to Capital First Ltd, and its business focused on providing debt financing to MSME and consumer sectors which include loan products for working capital, office automation, furniture, personal, two-wheeler, and consumer durables amongst others. CFL has a distribution network of 222 locations across the country and its total AUM as on Mar 31, 2016 was ` 1,60, 408 mn.
Dun & Bradstreet D-U-N-S® No 87-178-5582 Financials (` mn) Total Income
18,478.4 1,569.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
29.6
NP Growth (y-o-y)
40.1
NPM (As on Mar 31, 2016)
8.5
India’s Leading BFSI Companies 2017
Central Depository Services (India) Limited 17th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001, Maharashtra Website: www.cdslindia.com Business Profile Central Depository Services (India) Ltd (CDSL) was incorporated in 1997 and commenced business operations in July 1999. CDSL was promoted by BSE Ltd in association with some of the leading banks and insurance companies. CDSL offers depository services to all the market participants and facilitates holding of securities in the electronic form. It offers depository for various types of securities including equities, bonds, mutual funds, government securities,
commercial papers and certificate of deposits among others. CDSL is connected to all major stock exchanges in India including BSE, NSE and MCX-SX among others. As per CDSL, its depository network comprised of 584 DPs, 208 branches with LIVE connectivity across 110 cities/towns as on Dec 2016. During the same period, it had more than 11 million investor accounts.
Dun & Bradstreet D-U-N-S® No 67-559-4757 Financials (` mn) 1,160.8
Total Income
634.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
10.3
NP Growth (y-o-y)
82.5
NPM
54.6
(As on Mar 31, 2016)
Cholamandalam Investment and Finance Company Limited Dare House, No. 2, N.S.C. Bose Road, Parrys, Chennai - 600001, TN Website: www.cholamandalam.com Business Profile Cholamandalam Investment and Finance Company Ltd (CIFCL) is part of the Murugappa Group and was incorporated in 1978 as a nonbanking financial company. The company’s services include vehicle finance; business finance, home equity loans, stock broking and financial product distribution which are focused in the rural and semi-urban sectors. In Sep 2016, CIFCL operated from 637 branches across 25 states and almost 90% of its operations are
located in Tier II, III and IV towns. Its subsidiaries include Cholamandalam Securities Limited which is in the business of stock broking and depository participant services. Cholamandalam Distribution Services Limited provides wealth management services and is a distributor of retail financial products including mutual funds, general insurance, life insurance, bonds and fixed deposits. During FY16 CIFCL bought a majority stake in White Data Systems India Private Limited a freight solution provider.
Dun & Bradstreet D-U-N-S® No 65-020-0264 Financials (` mn) 41,937.1
Total Income
5,684.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
13.6
NP Growth (y-o-y)
30.6
NPM
13.6
(As on Mar 31, 2016)
The Clearing Corporation of India Limited CCIL Bhavan, College Lane, Off S. K. Bole Road, Dadar (W), Mumbai - 400028, Maharashtra Website: www.ccilindia.com Business Profile The Clearing Corporation of India Ltd (CCIL) incorporated in 2001 is a clearing house for settlement of market trades in Government Securities and inter-bank foreign exchange transactions, money and derivates markets. It provides non-guaranteed settlement for rupee interest rate derivatives and cross currency transactions through the CLS Bank and it is a trade repository for all OTC transactions in the foreign exchange, interest rate and
credit derivative transactions. CCIL has two subsidiaries; Clearcorp Dealing Systems (India) Ltd which provides dealing systems and platforms for trading in money market instruments, foreign exchange and other financial market instruments; and Legal Entity Identifier India Ltd is engaged in business of Local Operating Unit (LOU) for the issuing, maintenance and provision of Legal Entity Identifier (LEI) services in India or abroad.
Dun & Bradstreet D-U-N-S® No 85-965-9937 Financials (` mn) Total Income
6,007.5
Net Profit
3,172.4 Growth and Profitability (%)
TI Growth (y-o-y)
(9.2)
NP Growth (y-o-y)
(14.7) 52.8
NPM (As on Mar 31, 2016)
Credila Financial Services Private Limited B-301, Citi Point, Andheri Kurla Road, Andheri East, Mumbai - 400059, Maharashtra Website: www.credila.com Business Profile Credila Financial Services Pvt Ltd (Credila) is a subsidiary of Housing Development Finance Corporation Ltd. The company is a dedicated education loan company catering to the education needs of Indian students in India and overseas. It has two main products namely; secured loans and unsecured education loans. As per the annual report of the company, secured loans comprised nearly 54% of its education loan portfolio of FY16. It funds a wide variety
of courses ranging from MBA, M. Tech, MS, MMS to PGDBM; and a host of unconventional courses in the field of Arts-Sports Management, Media Arts-Commercial Music, Physiotherapy, Sports Events Management, and MS-Advanced Sports among others. As per the company annual report, its loan disbursal grew over 44% to reach ` 11 bn catering to more than 6,600 students, covering over 2,100 educational institutes across 35 countries.
Dun & Bradstreet D-U-N-S® No 65-049-0514 Financials (` mn) Total Income
3,005.5 450.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
39.6
NP Growth (y-o-y)
62.1
NPM
15.0
(As on Mar 31, 2016)
51
India’s Leading BFSI Companies 2017
CSL Finance Limited 8/19, 3rd Floor, W.E.A., Pusa Lane, Karol Bagh, New Delhi - 110005, Delhi Website: www.cslfinance.in Business Profile CSL Finance Ltd (CSLFL) was incorporated as Consolidated Securities Ltd in 1992 and in April 2016 it was renamed CSLFL. The company is registered as a non deposit accepting non banking financial company with RBI. CSLFL’s functions in two business segments secured lending to SMEs and investing in capital markets during mergers, demergers, buybacks and open offers. Since its inception a majority of CSLFL’s business activities involved
Dun & Bradstreet D-U-N-S® No 87-180-2628
proprietary investments; in 2011 the company included secured lending. During FY16 the company’s revenue was ` 446.7 mn lower by 52% compared to FY15 revenue of ` 937.7 mn due to reduction in capital market investments during the year. CSLFL’s loan products include loans for real estate, educational institutions and business loans; in the SME segment it is focused in education, medical sectors and loans to small traders.
Financials (` mn) Total Income
446.7
Net Profit
130.6 Growth and Profitability (%)
TI Growth (y-o-y)
(52.4)
NP Growth (y-o-y)
63.5
NPM
29.2
(As on Mar 31, 2016)
Dewan Housing Finance Corporation Limited Warden House, 2nd Floor, Sir P.M. Road, Fort, Mumbai – 400001, Maharashtra Website: www.dhfl.com Business Profile Dewan Housing Finance Corporation Ltd (DHFL) was established in 1984 with the objective to provide access to housing finance to lower and middle income population. DHFL offers a range of home related loans including; finance for purchase of ready or under-construction housing units, home renovation/ extension, self-construction, purchase of plots and composite loan for purchase of plot and selfconstruction. Additionally, it also offers project
loans, mortgage loans/loan against property, SME funding; and other products and services including; insurance and asset management services. It also provides various fixed deposit schemes. As per its annual report for FY16, its marketing and distribution network comprised of 182 branches, 146 service centres, 18 circles/ clusters, two disbursement hubs and one collection centre across the country.
Dun & Bradstreet D-U-N-S® No 67-586-8538 Financials (` mn) 73,167.2
Total Income
7,292.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
22.3
NP Growth (y-o-y)
17.4
NPM
10.0
(As on Mar 31, 2016)
ECL Finance Limited Edelweiss House, Off C.S.T Road, Kalina, Mumbai - 400098, Maharashtra Website: www.edelweissfin.com Business Profile ECL Finance Ltd (ECL Finance), a subsidiary of Edelweiss Financial Services Ltd, was incorporated in July 2005 and commenced business operations in Aug 2005. ECL Finance is registered with RBI as a systemically important non-deposit taking NBFC. ECL Finance is primarily engaged in the business of corporate and SME lending, providing finance to industrial enterprises and individuals, and participating in consortium finance with other lenders. Its
product portfolio includes corporate loans, sponsor funding, collateralized loans against liquid securities, ESOP financing, margin funding, IPO financing and loans against property amongst others.
Dun & Bradstreet D-U-N-S® No 85-907-3866 Financials (` mn) 18,865.8
Total Income
2,500.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
52.0
NP Growth (y-o-y)
36.7
NPM
13.3
(As on Mar 31, 2016)
Edelweiss Finance & Investments Limited Edelweiss House, Off. C.S.T. Road Kalina Mumbai Mumbai - 400098, Maharashtra Website: www.edelweissfin.com Business Profile Edelweiss Finance & Investments Ltd (EFIL) is a subsidiary of Edelweiss Financial Services Ltd which is involved in credit business, financial markets and asset management, life insurance and commodities. The company’s business is segmented in to capital based business, agency business and financing business. Under capital based business, the company offers treasury services, derivatives and investment services. Under the agency business the company offers 52
advisory services while under the financial business the company offers wholesale financing solutions. The company serves corporate, retail, and institutional clients. In FY16, majority of the company’s interest income is earned from the interest on debt instruments.
Dun & Bradstreet D-U-N-S® No 86-031-2364 Financials (` mn) Total Income
3,246.0 522.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
(17.8) 3.0 16.1
India’s Leading BFSI Companies 2017
Edelweiss Financial Services Limited Edelweiss House, Off CST Road, Kalina, Mumbai - 400098, Maharashtra Website: www.edelweissfin.com Business Profile Edelweiss Financial Services Ltd (Edelweiss Financial Services) was incorporated in 1995. The company’s business verticals are broadly divided into credit business, non-credit business and life insurance. The credit business includes wholesale and retail credit products comprising of; structured Collateralised Credit, real estate finance, distressed assets credit, SME Finance, agri finance, housing finance & loan against property, LAS and others. Non-credit
portfolio includes; wealth management, asset management, capital markets and warehousing services. It also offers life insurance through its JV, Edelweiss Tokio Life. As per the company annual report for FY16, its retail credit business had presence across 45 cities, 3400 villages catering to more than three lac customers. During the same period, its insurance business had 71 branches across 61 major cities.
Dun & Bradstreet D-U-N-S® No 91-755-5781 Financials (` mn) Total Income
3,383.4
Net Profit
1,555.9 Growth and Profitability (%)
TI Growth (y-o-y)
36.3
NP Growth (y-o-y)
39.6
NPM
46.0
(As on Mar 31, 2016)
Edelweiss Housing Finance Limited Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai - 400098, Maharashtra Website: www.edelweisshousingfin.com Business Profile Edelweiss Housing Finance Ltd (EHFL) was incorporated on May 30, 2008 as the public limited company and started commercial operations in 2010. The company offers home loan solutions to its customers for construction, purchase, repair and renovation of dwelling units. The company offers tailored solutions depending on the customer’s repayment ability, which is gauged through field investigation and cash flow assessment. The company also offers
loan against property to companies/individuals to enable them raise funds up to a maximum of 70% of the market value. The company’s loan book has grown from ` 1,053.4 mn in FY11 to ` 23,872.7 mn in FY16.
Dun & Bradstreet D-U-N-S® No 85-987-9464 Financials (` mn) 2,733.4
Total Income
382.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
52.0
NP Growth (y-o-y)
81.0
NPM
14.0
(As on Mar 31, 2016)
Edelweiss Retail Finance Limited 2A & 2B, Savitri Tower, 3A, Dr. Martin Luther King, Sarani, (Formerly Upper Wood Street), Kolkata - 700017, WB Website: www.edelweissretailfin.com Business Profile Edelweiss Retail Finance Ltd (Edelweiss Retail) offers a range of housing finance and retail credit products which are designed to meet an array of financing needs. The company offers home loans, SMEs loans and loan against property. The various products offered by the company include housing loan, loan against property, construction finance, lease rental discounting, SME finance, equipment finance amongst others. The company is also operates
in the rural areas through their micro-finance business operations. For the SME segment, the company offers secured loans, equipment loans and business loans to address various needs of SMEs such as working capital, business expansion, equipment purchase/refinance among others.
Dun & Bradstreet D-U-N-S® No 65-086-3843 Financials (` mn) 1,614.7
Total Income
247.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
256.8
NP Growth (y-o-y)
222.5 15.3
NPM (As on Mar 31, 2016)
Export-Import Bank of India Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai - 400005, Maharashtra Website: www.eximbankindia.in Business Profile Export-Import Bank of India (Exim Bank) was incorporated in 1982 to finance, facilitate and promote India’s international trade. Exim Bank offers a wide range of products and services at all stages of business cycle; starting from import of technology and export product development to export production, export marketing, preshipment and post-shipment and overseas investment. Financial products offered by the bank include overseas investment finance,
project exports, line of credit, corporate banking products and buyer’s credit. It also offers a range of services such as research & analysis, and marketing advisory services. As per the annual report, the bank sanctioned an aggregate amount of USD 2.19 bn for 22 projects as on Mar 31, 2016. Its aggregate nonfunded portfolio, comprising of guarantees, letters of credit and standby letters of credit grew by 7%.
Dun & Bradstreet D-U-N-S® No 65-007-8355 Financials (` mn) Total Income
87,810.3 4,533.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
15.2 (60.1) 5.2
(As on Mar 31, 2016)
53
India’s Leading BFSI Companies 2017
Family Credit Limited Technopolis, 7th Floor, A Wing, Plot No. 4, Block - BP, Sec-V, Salt Lake, Kolkata - 700091, WB Website: www.familycreditindia.com Business Profile Family Credit Ltd (FCL) was incorporated in 1993 as Apeejay Finance Group Ltd.; in 2007 Societe Generale Consumer Finance, France, acquired the company and changed its name to FCL. In December, 2012, L&T Finance Holding Ltd took over the company making FCL its wholly owned subsidiary. FCL is a non deposit taking nonbanking financial company which is engaged in the business of vehicle and corporate lending with operations across the country. FCL’s product
portfolio includes two-wheeler financing, auto loans for new and used cars, corporate finance products and microfinance. During FY16 the company’s new auto loan business reduced by almost 74% from ` 4010 mn to ` 1050 mn, while FCL’s used auto loans increased by nearly 63%. In the same period FCL had disbursed a total of ` 35.34 bn loans.
Dun & Bradstreet D-U-N-S® No 67-588-5570 Financials (` mn) 7,782.2
Total Income
874.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
21.7
NP Growth (y-o-y)
20.0
NPM
11.2
(As on Mar 31, 2016)
Fullerton India Credit Company Limited Megh Towers, Third Floor, New No. 165, Old No. 307, Poonamallee High Road, Maduravoyal, Chennai - 600095, TN Website: www.fullertonindia.com Business Profile Fullerton India Credit Company Ltd (Fullerton India), a wholly owned subsidiary of Fullerton Financial Holdings Pte Ltd and a step down subsidiary of Temasek Holdings Pte Ltd, Singapore commenced commercial operations in Jan 2007. The company is a financial services company engaged in offering working capital loans for SMEs, loans for commercial vehicles and two wheelers, home improvement loans, loans against property, personal loans, working
capital loans for urban self-employed and loans for rural livelihood advancement, rural housing finance and financing of various rural micro enterprises. As per the company, it operated a wide spread network of 582 branches covering 600 towns and over 51,000 villages and catering to more than 1.6 mn customers.
Dun & Bradstreet D-U-N-S® No 65-067-1568 Financials (` mn) 22,769.4
Total Income
3,975.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
32.4
NP Growth (y-o-y)
32.1
NPM
17.5
(As on Mar 31, 2016)
GIC Housing Finance Limited Royal Insurance Building, 6th floor, 14, Jamshedji Tata Road, Churchgate, Mumbai - 400020, Maharashtra Website: www.gichfindia.com Business Profile GIC Housing Finance Ltd (GICHFL) was incorporated in the year 1989 as GIC Grih Vitta Ltd. It was promoted by the General Insurance Corporation of India and its erstwhile subsidiaries namely: National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd along with others like: UTI, ICICI, IFCI, HDFC, LIC and SBI. The company acquired its present
name in Nov 1993. It is mainly engaged in offering housing finance to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. As per the company annual report, new branches were established in UP, Chhattisgarh, AP, Maharashtra and Punjab, taking the total number of offices to 60 during FY16.
Dun & Bradstreet D-U-N-S® No 91-533-8631 Financials (` mn) Total Income
8,763.7
Net Profit
1,245.0 Growth and Profitability (%)
TI Growth (y-o-y)
19.6
NP Growth (y-o-y)
20.9
NPM
14.2
(As on Mar 31, 2016)
Gruh Finance Limited “GRUH”, Netaji Marg, Near Mithakhali Six Roads, Ellisbridge, Ahmedabad - 380006, Gujarat Website: www.gruh.com Business Profile Gruh Finance Ltd (GFL) incorporated in 1986, is a housing finance company which in 2000 became a subsidiary of its promoter company HDFC Ltd. The Company is regulated by NHB and provides housing loans, non residential premises loans (NRP), repair and renovation loans. Some of the loan products offered by GFL include GRUH Suraksha, GRUH Suvidha, GRUH Sajavat and GRUH Samruddhi. GFL caters to the retail housing loan segment and in Sep, 2016 it 54
had a network of 180 offices in 10 states. GFL is recognized by NHB for refinance facility; it accepts deposits from individuals, charitable trusts and educational institutions and provides loans against such deposits. GFL had till Sep, 2016 cumulatively disbursed loans of ` 207.95 bn which included ` 96.40 bn disbursements in rural areas.
Dun & Bradstreet D-U-N-S® No 91-843-9506 Financials (` mn) Total Income
12,754.0 2,435.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
20.3
NP Growth (y-o-y)
19.5
NPM
19.1
(As on Mar 31, 2016)
India’s Leading BFSI Companies 2017
HDB Financial Services Limited Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009, Gujarat Website: www.hdbfs.com Business Profile HDB Financial Services Ltd (HDBFS), a subsidiary of HDFC Bank, is a non-deposit taking NBFC. The company is engaged in offering loans and fee based products. Under loans, HDBFS offers a range of secured and unsecured loans for residential & commercial property, automobiles, shares, car, marketable securities and gold jewellery amongst others. It also offers asset finance for commercial vehicle and construction equipment’s. HDBFS is a corporate agent for
selling life and general insurance products of HDFC Standard Life Insurance Company Ltd and HDFC Ergo General Insurance Company Ltd. HDBFS also undertakes BPO services for HDFC bank and offers end to end collection services in over 500 locations. As on Mar 31 2016, HDBFS operated through 929 branches in 623 cities, a data centre at Bengaluru and centralised operations at Hyderabad and Chennai.
Dun & Bradstreet D-U-N-S® No 86-917-9640 Financials (` mn) 33,020.2
Total Income
5,344.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
30.7
NP Growth (y-o-y)
52.9
NPM
16.2
(As on Mar 31, 2016)
HDFC Investments Limited Ramon House, 4th Floor,169 Backbay Reclamation, H T Parekh Marg, Mumbai - 400020, Maharashtra Business Profile HDFC Investments Ltd (HIL) is a wholly owned subsidiary of Housing Development Finance Corporation Ltd and is regarded as a systemically important non-deposit taking nonbanking financial company (NBFC – ND – SI). The company primarily invests in the equities market and has investments in the fixed deposits and bonds of Public Sector Undertakings (PSUs). During FY16, the company invested an amount of ` 149.9 mn in Feedback Infra Pvt Ltd. During
FY16, the company incorporated Griha Pte Ltd as its wholly owned subsidiary in Singapore.
Dun & Bradstreet D-U-N-S® No 91-659-2561 Financials (` mn) Total Income
1,546.9
Net Profit
1,501.6 Growth and Profitability (%)
TI Growth (y-o-y)
41.6
NP Growth (y-o-y)
41.4
NPM
97.1
(As on Mar 31, 2016)
Hinduja Leyland Finance Limited No. 27 A Developed Industrial Estate, Guindy, Chennai – 600032, Tamilnadu Website: www. hindujaleylandfinance.com Business Profile Hinduja Leyland Finance Ltd (HLF) incorporated in 2008 is a vehicle financing subsidiary of automobile manufacturer Ashok Leyland Ltd. HFL is registered as a non-deposit taking nonbanking financial company with the Reserve Bank of India. It is engaged in the business of providing loan for utility vehicles, tractors, cars and two-wheelers with focus on the semi-urban and rural sectors. HFL also provides loan against property and construction equipment finance
including machines for road construction, mining and infrastructure projects. HFL has over 1500 locations across all the states, including Delhi NCR and two union territories. HFL filed a Draft Red Herring Prospectus with SEBI on March 30, 2016 for raising additional capital up to ` 5000 mn for augmenting its capital requirements and partial offer for sale by its existing investors.
Dun & Bradstreet D-U-N-S® No 85-904-3401 Financials (` mn) 11,456.9
Total Income
1,500.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
40.7
NP Growth (y-o-y)
34.5
NPM
13.1
(As on Mar 31, 2016)
Housing and Urban Development Corporation Limited Hudco Bhawan, India, Habitat Center, Lodhi Road, New Delhi - 110003, Delhi Website: www.hudco.org Business Profile Housing and Urban Development Corporation Ltd (HUDCO), a Miniratna Category-I CPSE, was incorporated in 1970 under the Ministry of Housing and Poverty Alleviation of GoI. HUDCO is a techno-financial institution engaged in the financing and promotion of housing and urban infrastructure projects throughout India. The company provides housing loan for urban housing, staff housing, land acquisition, community toilets, repairs
& renewals amongst others. Its infrastructure loan portfolio includes water supply, sewerage, solid waste management, drainage and social infrastructure. During FY16, the company sanctioned ` 307.8 bn as compared to ` 211 bn in FY15 whereas the amount released was ` 82.5 bn in FY16 against ` 81 bn in FY15.
Dun & Bradstreet D-U-N-S® No 65-005-8845 Financials (` mn) Total Income
33,022.0 7,837.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
(3.7) 0.8 23.7
(As on Mar 31, 2016)
55
India’s Leading BFSI Companies 2017
Housing Development Finance Corporation Limited Ramon House, H.T. Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai - 400020, Maharashtra Website: www.hdfc.com Business Profile Housing Development Finance Corporation Ltd (HDFC) was incorporated in 1977 as a specialized mortgage company and it is amongst the first Indian housing finance companies. HDFC provides housing loans, home improvement and extension loans, short term bridging loans and rural housing finance to individuals and NRIs. It also provides non housing loans including loan against property, top-up loans and non-resident premises loans. Besides
housing loans, HDFC is engaged in lending to corporate, construction finance and lease rental discounting. HDFC’s distribution network consists of 401 interconnected offices which include 116 offices of HDFC Sales and it has three representative offices in Dubai, London and Singapore. The company also distributes its loan products through HDFC Bank and third party direct selling associates. As on Sept, 2016 HDFC’s outstanding loan book was ` 2,754 bn.
Dun & Bradstreet D-U-N-S® No 65-009-5540 Financials (` mn) 309,565.7
Total Income
70,931.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
12.7
NP Growth (y-o-y)
18.4
NPM
22.9
(As on Mar 31, 2016)
ICICI Home Finance Company Limited ICICI Bank Towers, Bandra-Kurla Complex, Mumbai - 400051, Maharashtra Website: www.icicihfc.com Business Profile ICICI Home Finance Company Ltd (ICICI Home Finance), an ICICI Group company was incorporated in May 1999. The company is engaged in providing housing finance. The products and services offered by ICICI Home Finance include home loans, loan against property, fixed deposit, retail property services, corporate property services and construction finance. ICICI Home Finance also has a structured finance group which acts as
an intermediary and partner for both investors and developers. The company also acts as a corporate insurance agent for ICICI Prudential Life Insurance Company Ltd. As per the company annual report for FY16, its loan assets reached ` 87.2 bn, primarily driven by 13% growth in retail mortgages business.
Dun & Bradstreet D-U-N-S® No 91-845-2905 Financials (` mn) 10,713.7
Total Income
1,798.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
8.5
NP Growth (y-o-y)
(9.0)
NPM
16.8
(As on Mar 31, 2016)
ICICI Securities Primary Dealership Limited ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400020, Maharashtra Website: www.icicisecuritiespd.com Business Profile ICICI Securities Primary Dealership Ltd (I-Sec PD) is a wholly owned subsidiary company of ICICI Bank Ltd which was incorporated in 1993. The company operates in the fixed income and money markets; it is engaged in institutional sales and trading, resource mobilization, research and trades in government securities, swaps and corporate bonds markets. In the debt capital market segment I-Sec PD offers structured finance, resource mobilization
through private placement of debentures, securitization. The company caters to banks, financial institutions, holding companies, public sector undertakings, NBFCs, HFCs, infrastructure and state level undertakings .It also provides portfolio management services to provident, pension and gratuity funds and retirement funds of public and private companies. During FY16, it lowered its activity in the corporate bond market and increased its activity in Government securities and state development loans.
Dun & Bradstreet D-U-N-S® No 86-218-5501 Financials (` mn) 13,619.4
Total Income
1,954.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
1,048.0
NP Growth (y-o-y)
22,367.8 14.4
NPM (As on Mar 31, 2016)
IDFC Limited KRM Tower, 8th Floor, No. 1, Harrington Road, Chetpet, Chennai - 600031, TN Business Profile IDFC Ltd (IDFC) was established in 1997 and till Sept, 30, 2015 the company operated as an Infrastructure Finance Company, financing infrastructure projects in sectors like energy, telecommunication, transportation, commercial and industrial projects. On Oct 1, 2015 IDFC converted to a listed holding company and the assets and liabilities of its financing business was demerged and transferred to IDFC Bank; formed after RBI granted a universal banking 56
license in July, 2015. Post demerger of its lending and financing business IDFC is registered with RBI as NBFC – Investment Company (IC) which holds investments in its subsidiary IDFC FHCL (Financial Holding Company Limited) a non-deposit taking NBFC. After restructuring IDFC FCHL holds IDFC’s investments in IDFC Bank, IDFC Alternatives Limited, IDFC Asset Management Company Limited, IDFC Securities Limited and IDFC Infra Debt Fund Limited.
Dun & Bradstreet D-U-N-S® No 67-740-3733 Financials (` mn) Total Income
2,258.8 (11,621.4)
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
126.9
NP Growth (y-o-y)
(168.9)
NPM
(514.5)
(As on Mar 31, 2016)
India’s Leading BFSI Companies 2017
IFCI Factors Limited IFCI Tower, 10th Floor, 61 Nehru Place, New Delhi - 110019, Delhi Website: www.ifcifactors.com Business Profile IFCI Factors Ltd (IFCI Factors), formerly known as Foremost Factors Ltd, is a subsidiary of IFCI Ltd. The company is a systemically important non-deposit taking NBFC Factor (NBFC-ND-SIFactor). The various solutions offered by the company include domestic sales bill factoring, purchase bill factoring, export sales bill factoring and corporate loan. Under domestic sales bill factoring, the company offers instant prepayments, sales ledger administration,
collection of payments and advisory services. Under purchase bill factoring, the company offers instant cash for purchases. Under export sales bill factoring, the company offers export funding, credit assessment, credit protection and collection services. The company also offers corporate loans/short term loans for general purpose as well as for enabling the companies to meet their working capital needs.
Dun & Bradstreet D-U-N-S® No 65-066-3917 Financials (` mn) 909.2
Total Income
(436.7)
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(13.9)
NP Growth (y-o-y)
(26.7)
NPM
(48.0)
(As on Mar 31, 2016)
IFCI Limited IFCI Tower, 61 Nehru Place, New Delhi - 110019, Delhi Website: www.ifciltd.com Business Profile IFCI Ltd (IFCI) was established in 1948 as The Industrial Finance Corporation of India; a statutory company formed by the Government of India. In 1993 it was converted to a public company and in 1999 the company’s name was changed to IFCI Limited. The core business of IFCI is of providing long term loans to industrial and infrastructure sectors through debt and equity products. Besides financing, IFCI offers corporate and infrastructure advisory services,
it is also a monitoring agency for public issues and a debenture trustee. IFCI is the nodal agency of the Government of India for the Sugar Development Fund since its inception in 1986. In FY 15, IFCI was appointed the nodal agency for implementing government’s credit enhancement scheme for young and start-up entrepreneurs, belonging to Scheduled Castes.
Dun & Bradstreet D-U-N-S® No 65-012-5909 Financials (` mn) 40,066.4
Total Income
3,374.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
19.7 (35.3) 8.4
NPM (As on Mar 31, 2016)
IIFL Holdings Limited IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, Thane Industrial Estate, Thane - 400604, Maharashtra Website: www.indiainfoline.com Business Profile IIFL Holdings Ltd (IIFL), an apex holding company of the IIFL Group, was incorporated in 1995 as Probity Research and Services Pvt Ltd and later re-christened as India Infoline Ltd. In Mar 2014, it acquired its present name pursuant to transfer of financial services business to its wholly owned subsidiary. IIFL through its subsidiaries offers a wide range of services including financing, wealth & asset management, financial products distribution, investment
banking, institutional equities, realty advisory services amongst others. Its services cater to retail, HNIs, corporate and institutional clients. As per the company, it has established presence in more than 2,500 locations through a wide spread network of over 1,000 branches across the country. It also has international presence through subsidiaries in US, UK, Hong Kong, UAE, Switzerland, Singapore and Mauritius.
Dun & Bradstreet D-U-N-S® No 65-099-6569 Financials (` mn) Total Income
2,114.1
Net Profit
1,719.8 Growth and Profitability (%)
TI Growth (y-o-y)
92.1
NP Growth (y-o-y)
75.1
NPM
81.3
(As on Mar 31, 2016)
IL&FS Financial Services Limited The IL&FS Financial Centre, Plot C 22, G Block, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra Website: www. ilfsifin.com Business Profile IL&FS Financial Services Ltd (IFSL) a wholly owned subsidiary of Infrastructure Leasing and Financial Services Limited (IL&FS) is registered as a non banking finance company with RBI. The company is the investment-banking entity of the IL&FS Group and provides project finance advisory and syndication, financial structuring and equity placements. Its product portfolio includes asset and structured finance, project debt syndication, corporate advisory,
project finance, and structured mezzanine credit facility. IFSL’s subsidiary IL&FS Capital Advisors Ltd is a merchant banker providing equity capital markets, advisory and placement services. IL&FS Infra Asset Management Ltd is an asset management company promoted by IFSL to manage the IL&FS Infrastructure Debt Fund. Besides India, IFSL is present through its subsidiaries in Hong Kong, Singapore, London and Dubai offering financing solutions and advisory services and infrastructure financing.
Dun & Bradstreet D-U-N-S® No 85-803-2110 Financials (` mn) Total Income
19,215.6 1,927.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
0.0 (22.7) 10.0
(As on Mar 31, 2016)
57
India’s Leading BFSI Companies 2017
India Infoline Finance Limited 12A-10, 13th Floor, Parinee Crescenzo, G Block, C-38&39, Bandra Kurla Complex, Bandra- East Mumbai Mumbai - 400051, Maharashtra Website: www.iiflfinance.com Business Profile India Infoline Finance Ltd (IIFL) incorporated in 2004 as India Infoline Investment Services Pvt Ltd converted to a public limited company in July, 2007. The company is a subsidiary of IIFL Holdings Ltd, registered with RBI as a systemically important non deposit accepting non banking financial company. IIFL is engaged in the business of providing home loans, loan against property, loan against gold, commercial vehicle finance, capital market finance,
healthcare finance, and SME business loan. IIFL caters to It has a distribution network of over one thousand branches across the country and has subsidiaries in US, UK, Singapore, Hong Kong, Switzerland, Mauritius and UAE. As on mar 31, 2016 IIFL’s total AUM was ` 195 bn including ` 84 bn from the company’s retail mortgage activities and ` 29 bn from gold loans.
Dun & Bradstreet D-U-N-S® No 65-086-1326 Financials (` mn) 22,073.4
Total Income
2,717.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
1.4 9.7 12.3
NPM (As on Mar 31, 2016)
India Infoline Housing Finance Limited 12A-10, 13th floor, Parinee Crescenzo, G Block C-38&39,Bandra Kurla Complex, Bandra- East Mumbai - 400051, Maharashtra Website: www.iiflhomeloans.com Business Profile India Infoline Housing Finance Ltd (IIHFL), a wholly owned subsidiary of India Infoline Finance Ltd, was incorporated in 2006. The company is a NBFC registered with RBI and in 2009, it got registered with NHB to carry out housing finance business. Its offerings include loans for buying new home, loans for home construction and home improvement. It aso offers loans against property to SMEs to help meet working capital requirements, business
use and acquiring new commercial property. The company operates through a network of over 55 branches across the country. As per the annual report of the company, the loan book of the company reached ` 52,843 mn, registering a growth of 168% on a y-o-y basis.
Dun & Bradstreet D-U-N-S® No 86-027-0910 Financials (` mn) 5,696.0
Total Income
720.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
140.7
NP Growth (y-o-y)
34.7
NPM
12.7
(As on Mar 31, 2016)
India Infoline Insurance Brokers Limited IIFL House, Sun Infotech Park, Road No. 16V, Plot No B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane - 400604, Maharashtra Website: www.indiainfoline.com Business Profile India Infoline Insurance Brokers Ltd (India Infoline Insurance Brokers), an insurance broking company is a subsidiary of IIFL Holdings Ltd. The company undertakes business of direct insurance broking and other related activities. India Infoline Insurance Brokers distributes wide bouquet of products from several insurance companies including ICICI Prudential Life Insurance, Reliance Life Insurance, HDFC Life Insurance, Bharti AXA Life Insurance, AEGON
Religare Life Insurance Future Generali Life Insurance and Exide Life Insurance amongst others. Till FY16, the company sold insurance policies to more than 60,000 customers besides servicing the existing customers and renewal business.
Dun & Bradstreet D-U-N-S® No 86-024-1847 Financials (` mn) Total Income
571.7
Net Profit
(27.3) Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y)
(5.5) (133.3) (4.8)
NPM (As on Mar 31, 2016)
India Infrastructure Finance Company Limited 8th Floor, Hindustan Times House, 18 & 20 Kasturba Gandhi Marg, New Delhi - 110001, Delhi Website: www.iifcl.co.in Business Profile India Infrastructure Finance Company Ltd (IIFCL) was established in 2006 as a wholly owned GoI company. It is registered as a non-deposit taking NBFC with RBI since Sep 2013. It was formed to provide long-term finance to viable infrastructure projects through its schemes. IIFCL caters to sectors such as transportation, energy, water, sanitation, communication, social and commercial infrastructure. IIFCL offers direct lending, under which it offers senior debt 58
and subordinate debt for greenfield projects. It also offers refinance, takeout finance and credit enhancement schemes catering to brownfield projects. As per the company annual report, cumulative disbursements at the end of Mar 2016 stood at ` 488.3 bn. During the same period, it made incremental gross sanctions for 40 projects under direct lending and seven under its takeout finance scheme.
Dun & Bradstreet D-U-N-S® No 65-053-5391 Financials (` mn) Total Income
46,594.5 4,685.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
14.7 (37.8) 10.1
India’s Leading BFSI Companies 2017
Indiabulls Commercial Credit Limited M - 62 & 63 First Floor, Connaught Place New Delhi Central Delhi - 110001 Business Profile Indiabulls Commercial Credit Ltd (ICCL), formerly known as Indiabulls Infrastructure Credit Limited, was incorporated on July 07, 2006 and is the wholly owned subsidiary of Indiabulls Housing Finance Ltd. The company is engaged in the business of financing, investment and allied activities. The company is the non-deposit taking non-banking financial company. The company’s primary business activities comprise of investing and financing
related activities, which include investing in various subsidiaries, financing of loans and credit activities and fee based income activities, which mainly comprise of financial services related fee income, commission on insurance and other fee based activities.
Dun & Bradstreet D-U-N-S® No 86-031-2366 Financials (` mn) 3,838.5
Total Income
505.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
102.4
NP Growth (y-o-y)
92.0
NPM
13.2
(As on Mar 31, 2016)
Indiabulls Housing Finance Limited M-62 & 63, First Floor, Connaught Place, New Delhi - 110001, Delhi Website: www.indiabullshomeloans.com Business Profile Indiabulls Housing Finance Ltd (IBHFL), a part of the Indiabulls Group, was incorporated in May 2005. It is a housing finance company under the regulation of NHB, offering variety of home loan products including home loans for purchase of flat/row house/bungalow, purchase of residential plot, renovation of residential property and extension of residential property. IBHFL also offers home loans for NRIs and loan against property. Its network includes over 220
branches spread across more than 110 towns and cities. It also operates overseas offices in Dubai and London to cater to the NRIs. As per the annual report for FY16, the AUM of the company stood at ` 686.8 bn, growing by more than 30% over previous year. During the same period, it had 11 subsidiaries and four stepdown subsidiaries.
Dun & Bradstreet D-U-N-S® No 65-083-2970 Financials (` mn) Total Income
88,419.2
Net Profit
22,941.2 Growth and Profitability (%)
TI Growth (y-o-y)
23.8
NP Growth (y-o-y)
16.0
NPM
25.9
(As on Mar 31, 2016)
Indian Clearing Corporation Limited 25th Floor, P.J. Towers, Dalal Street, Mumbai - 400001, Maharashtra Website: www.icclindia.com Business Profile Indian Clearing Corporation Ltd (ICCL), a wholly owned subsidiary of BSE, was incorporated in 2007. ICCL is engaged in clearing, settlement, collateral management and risk management for various segments of BSE. Some of the products cleared and settled by ICCL include; exchange traded products such as equities, derivatives, currency derivatives, interest rate derivatives, debt; over the counter products; and mutual funds. It is also authorized by SEBI to run a
Securities lending & Borrowing program. As per the company annual report for FY16, ICCL and the Luxembourg-based international central securities depository Clearstream have agreed to collaborate on triparty margin collateral management. During the same period, total clearing members with ICCL operating in different segments of BSE stood at 1606.
Dun & Bradstreet D-U-N-S® No 86-016-5741 Financials (` mn) Total Income
696.0
Net Profit
482.9 Growth and Profitability (%)
TI Growth (y-o-y)
(23.0)
NP Growth (y-o-y)
(23.9) 69.4
NPM (As on Mar 31, 2016)
Indian Railway Finance Corporation Limited UG - Floor, East Tower, NBCC Place, Bhisham Pitamah Marg, Pragati Vihar, Lodi Road, New Delhi - 110003, Delhi Website: www.irfc.nic.in Business Profile Indian Railway Finance Corporation Ltd (IRFC), a financing arm of the Ministry of Railway was incorporated in 1986 to raise money from the market to part finance the plan outlay of Indian Railways. IRFC has been registered as a nondeposit taking NBFC with RBI. IRFC raises funds through issue of taxable and tax-free bonds, term loans from banks and financial institutions and through offshore borrowings. IRFCs funding is used for acquisition of rolling stock assets and
catering to other developmental needs of the Indian Railways. As per the FY16 annual report, IRFC funded the acquisition of 592 locomotives, 2,667 passenger coaches, and 9,756 freight wagons valued at ` 140 bn. IRFC also offered funding support to other railway entities such as Rail Vikas Nigam Ltd and Railtel Corporation to the extent of ` 35.7 bn.
Dun & Bradstreet D-U-N-S® No 91-850-5087 Financials (` mn) Total Income
75,073.0 8,486.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
8.2
NP Growth (y-o-y)
11.9
NPM
11.3
(As on Mar 31, 2016)
59
India’s Leading BFSI Companies 2017
Indian Renewable Energy Development Agency Limited India Habitat Centre, East Court, Core 4 A, 1st Floor, Lodhi Road, New Delhi - 110003, Delhi Website: www.ireda.gov.in Business Profile Indian Renewable Energy Development Agency Ltd (IREDA) is a GoI enterprise established in 1987, under the administrative control of Ministry of New and Renewable Energy. It has been notified as a public financial institution and registered as a NBFC with RBI. In 2015, it was conferred with the Mini Ratna Category-I status by GoI. IREDA provides financial assistance to projects related to new and renewable energy sources including hydro power, wind power,
solar energy, and bio energy among others. As per the FY16 annual report, IREDA sanctioned highest ever loans worth ` 78.06 bn, showing growth of nearly 72%. These sanctions are expected to support capacity addition of nearly 2246.27 MW. Further, it introduced ‘Loan Scheme for Rooftop Solar PV Power Projects’ and ‘Bill Discounting facility’ in FY16.
Dun & Bradstreet D-U-N-S® No 65-064-7332 Financials (` mn) 11,745.4
Total Income
2,980.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
5.0 9.6 25.4
NPM (As on Mar 31, 2016)
Indostar Capital Finance Limited One Indiabulls Center, 17th Floor, Tower 2A, Jupiter Mills Compound, S.B. Marg, Mumbai – 400013, Maharashtra Website: www.indostarcapital.com Business Profile Indostar Capital Finance Ltd (IndoStar) established in 2011 is registered with the RBI as a systemically important non-deposit accepting non-banking financial company. Indostar is engaged in providing structured term finance to companies and loan against property to SME sector. Under corporate lending Indostar offers secured corporate lending, real estate financing, capital market financing, special situation and acquisition financing and debt capital
markets. It offers loan against property to SME sector and has financed projects in real estate, cement, power, media, entertainment, dairy, financial services and infrastructure. Indostar is sponsored by global financial institutions and private equity companies including Everstone Capital and Goldman Sachs, among others. The company manages a credit fund of ` 2030 mn through its subsidiary, IndoStar Asset Advisory Private Ltd. Indostar’s loan book as on Mar 31, 2016 was ` 42650 mn.
Dun & Bradstreet D-U-N-S® No 65-061-8866 Financials (` mn) Total Income
6,413.8
Net Profit
1,910.2 Growth and Profitability (%)
TI Growth (y-o-y)
21.5
NP Growth (y-o-y)
28.1
NPM
29.8
(As on Mar 31, 2016)
Intec Capital Limited 701-704, Manjusha Building, 57 Nehru Place, New Delhi - 110019, Delhi Website: www.inteccapital.com Business Profile Intec Capital Ltd (Intec Capital), incorporated in 1994 is a systemically important non-deposit taking NBFC. In Apr 2014, the company has been registered as an asset finance company. Intec Capital is primarily engaged in the business of providing machinery loans to SMEs in industries like auto engineering, printing & packaging, plastic & injection molding, pharmaceuticals, food processing and medical & healthcare. Intec Capital’s product portfolio includes term
loans and SIDBI subsidy. As on Mar 31 2016, overall discbursements of the company stood at ` 3.6 bn; while AUM stood at ` 9.2 bn. Its branch network is spread across major locations such as Delhi – Ghaziabad, Gurgaon, Faridabad, Noida, Chandigarh, Ludhiana, Jaipur, Jodhpur and Udaipur among others.
Dun & Bradstreet D-U-N-S® No 91-846-2177 Financials (` mn) 1,317.3
Total Income
64.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
(0.6) 4.9
NPM (As on Mar 31, 2016)
JM Financial Credit Solutions Limited 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi MUMBAI Mumbai Maharashtra 400025 Business Profile JM Financial Credit Solutions Ltd (JMFCSL), formerly known as FICS Consultancy Services Limited was incorporated in 1980 as the subsidiary of JM Financial Limited. The company acquired its current name in March 2015. The company is a systemically important non-deposit taking non-banking financial company (NBFC – ND – SI) and does not have access to public deposits. A major portion of the company’s funding was met through the 60
issue of commercial papers. A large part of the company’s lending portfolio comprises of lending for real estate activities and capital market activities such as promoter funding. As of March 31, 2016, the company’s loan portfolio stood at ` 40.7 bn.
Dun & Bradstreet D-U-N-S® No 86-031-2371 Financials (` mn) Total Income
5,194.5
Net Profit
1,975.4 Growth and Profitability (%)
TI Growth (y-o-y)
400.8
NP Growth (y-o-y)
304.8
NPM (As on Mar 31, 2016)
38.0
India’s Leading BFSI Companies 2017
JM Financial Limited 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra Website: www.jmfl.com Business Profile JM Financial Ltd (JM Financial), a part of JM Financial Group, is a core investment company. The company along with its subsidiaries offers wide range of products and services in terms of investment banking, institutional equity sales, trading, research and broking, private and corporate wealth management, equity broking, portfolio management, asset management, commodity broking, NBFC activities, private equity and asset reconstruction. The services
offered by JM Financial are catered to significant clientele that includes corporations, financial institutions, and retail investors. As on Mar 31, 2016 the company had 16 subsidiaries and two associate companies. It has also established international presence through subsidiaries/ step down subsidiaries in Mauritius, Singapore and USA. During the same period, fund-based activities of the company accounted for 64% of its total revenue.
Dun & Bradstreet D-U-N-S® No 87-224-5861 Financials (` mn) Total Income
1,577.7
Net Profit
1,122.5 Growth and Profitability (%)
TI Growth (y-o-y)
50.9
NP Growth (y-o-y)
43.7
NPM
71.1
(As on Mar 31, 2016)
Karnataka State Financial Corporation KSFC Bhavan, 1/1 Thimmaiah Road, Bengaluru - 560052, Karnataka Website: www.ksfc.in Business Profile Karnataka State Financial Corporation (KSFC) was incorporated in March 1959 under the State Financial Corporations Act, 1951 for providing financial support to activities promoting and developing industrial growth in Karnataka. KSFC provides life and non-life insurance services, UTI Mutual Fund investments, and it is also a monitoring agency under SEBI guidelines. It facilitates infrastructure development by providing land, finance and entering public
private participation agreements. KSFC’s other products include offering interest subsidy for constructing ware houses and cold storage, for first generation entrepreneurs, for entrepreneurs from scheduled tribe and castes and women entrepreneurs. It provides term loans for infrastructure projects in healthcare, tourism, entertainment, and construction activities. KSFC has cumulatively assisted 112,217 MSEs by providing finance amounting to ` 82.68 bn till Mar 31, 16.
Dun & Bradstreet D-U-N-S® No 86-219-9705 Financials (` mn) 3,111.7
Total Income
321.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(45.3)
NP Growth (y-o-y)
(27.7) 10.3
NPM (As on Mar 31, 2016)
Kotak Mahindra Investments Limited 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai- 400051, Maharashtra Website: www.kmil.co.in Business Profile Kotak Mahindra Investments Ltd (KMIL), a wholly owned subsidiary of the Kotak Mahindra Bank Ltd, was incorporated in 1988. The company is engaged in lending against securities, lending to real estate sector and corporates, structured financing apart from holding certain strategic Investments. In addition to shares, the company provides finance against mutual funds, bonds, ETFs, fixed maturity plans and other listed capital market instruments. The company
also provides financial solutions to real estate sector and structured finance catering to midmarket and large corporate customers. Under corporate real estate, it offers construction finance, structured finance solutions, lease rental discounting, corporate advisory services, investment banking and transaction banking solutions among others. As per the company annual report for the year ending Mar 31 2016, ARAR of the company stood at 18.2%.
Dun & Bradstreet D-U-N-S® No 65-075-8019 Financials (` mn) Total Income
6,037.1
Net Profit
1,539.0 Growth and Profitability (%)
TI Growth (y-o-y)
54.5
NP Growth (y-o-y)
44.7
NPM
25.5
(As on Mar 31, 2016)
Kotak Mahindra Prime Limited 27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra Website: www.carloan.kotak.com Business Profile Kotak Mahindra Prime Ltd (KMPL) was incorporated in 1996 as Kotak Mahindra Primus Limited, a joint venture between Kotak Mahindra Bank Ltd and Ford Credit International Inc., USA. In 2005, it was converted to a subsidiary of Kotak Mahindra Bank Ltd and its name was changed to the present KMPL. The company provides financing and support services to automotive manufacturers, dealers and retail customers. KMPL has financing partnerships
with car manufacturers in India and it provides inventory and infrastructure funding to car dealers. For retail customers, KMPL provides loans for passenger, pre-owned cars and multi utility vehicles. Besides car finance, KMPL offers loans against securities, developer, corporate and personal loans, securitization and assignment transactions and buying NPAs. KMPL has a retail distribution network of 79 branches in 18 states of the country.
Dun & Bradstreet D-U-N-S® No 65-086-1359 Financials (` mn) Total Income
27,615.6 5,023.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
4.6
NP Growth (y-o-y)
(1.0)
NPM
18.2
(As on Mar 31, 2016)
61
India’s Leading BFSI Companies 2017
L&T Finance Limited L&T Houses, Ballard Estate, Mumbai - 400001, Maharashtra Website: www.ltfinance.com Business Profile L&T Finance Ltd (LTF), a subsidiary of L&T Finance Holdings, was incorporated as a NBFC in Nov 1994. LTF provides various financial products and services for trade, industry and agriculture. The company’s focus segments include; corporate products, construction equipment, commercial vehicles and tractors. Its product portfolio include home loan, personal vehicle loan, commercial vehicle loan, business and corporate loan, rural loan and microfinance. In
addition to home loans, LTF also offers home extension loans, home improvement loans, loan against property, top-up loan, construction funding and balance transfer among others. As per the annual report of the company, the gross portfolio assets of the company stood at ` 141.3 bn.
Dun & Bradstreet D-U-N-S® No 91-614-7379 Financials (` mn) 23,519.9
Total Income
2,072.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(1.9)
NP Growth (y-o-y)
(18.9) 8.8
NPM (As on Mar 31, 2016)
L&T FinCorp Limited L&T House, N.M. Marg, Ballard Estate, Mumbai - 400001, Maharashtra Website: www.ltfincorp.com Business Profile L&T FinCorp Ltd (L&T FinCorp), erstwhile India Infrastructure Developers Ltd was incorporated in 1997. The company is a wholly-owned subsidiary of L&T Finance Holdings and is a systemically important non - deposit taking NBFC. It operates in the business of fund based as well as fee based financing activity. Its business model comprises of non-asset backed projects and corporate loan products, in addition to supply chain finance and loan
against shares. Its product portfolio includes; short term loans, long term working capital, ICDs, long term loans, and structuring and providing tailor made solutions. It caters to large corporates as well as SMEs. As per the company annual report for FY16, the company’s gross portfolio assets stood at ` 68.2 bn; with a substantial growth achieved in fee income.
Dun & Bradstreet D-U-N-S® No 91-787-3168 Financials (` mn) Total Income
7,869.1
Net Profit
1,833.7 Growth and Profitability (%)
TI Growth (y-o-y)
37.2
NP Growth (y-o-y)
81.7
NPM
23.3
(As on Mar 31, 2016)
L&T Housing Finance Limited L&T House, Narottam Morarji Marg, Ballard Estate, Mumbai - 400001, Maharashtra Website: www.lthousingfinance.com Business Profile L&T Housing Finance Ltd (LTHF) was established as Weizmann Homes Ltd in 1994 which was changed to AIG Housing Finance Ltd in 2007 and Indo Pacific Housing Finance Ltd in 2008. In 2012, L&T Finance Holdings Ltd acquired and renamed the company to its present name. LTHF is a wholly owned subsidiary of L&T Finance Holdings Ltd registered with the National Housing Bank as a housing finance company. LTFH’s housing loan products include
home loans, home improvement loans, loan against property, balance transfer, and top-up loans to salaried and self-employed individuals. It also provides construction finance to real estate developers and builders. During FY16 LTHF disbursed ` 42.7 bn loans comprising of retail loans to individuals and construction finance to builders. Its revenue increased from ` 3.57 bn in FY15 to ` 6.58 bn in FY16.
Dun & Bradstreet D-U-N-S® No 86-031-2374 Financials (` mn) 6,587.5
Total Income
580.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
82.0
NP Growth (y-o-y)
65.3 8.8
NPM (As on Mar 31, 2016)
L&T Infra Debt Fund Limited Plot No. 177, CTS No. 6970, 6971,Vidyanagari Marg, CST Road, Kalina, Santacruz (East) Mumbai Mumbai - 400098, Maharashtra Website: www.ltidf.com Business Profile L&T Infra Debt Fund Ltd (L&T IDF) is an infrastructure debt fund incorporated in Mar, 2013 and commenced its business operations in Nov, 2013 as Infrastructure Debt Fund – Nonbanking Financial Company (IDF-NBFC). The company offers refinancing solutions to the infrastructure companies whose infrastructure projects have completed atleast 1 year of satisfactory operations. The various refinancing solutions offered by the company include 62
lower cost refinance, elongated tenures and structured repayment/redemption schedules which match with the cash flow of the infrastructure projects. The company also offers contractual and financial structuring to enable credit enhancement to improve viability and credit rating of the infrastructure projects.
Dun & Bradstreet D-U-N-S® No 86-031-2376 Financials (` mn) Total Income
1,140.7 392.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
99.5
NP Growth (y-o-y)
30.8
NPM
34.4
(As on Mar 31, 2016)
India’s Leading BFSI Companies 2017
L&T Infrastructure Finance Company Limited Mount Poonamallee Road, Manapakkam, Chennai - 600089, TN Website: www.ltinfra.com Business Profile L&T Infrastructure Finance Company Ltd (L&T Infra) incorporated in 2006 as a subsidiary of L&T Holdings is a RBI-registered Infrastructure Finance Company (NBFCIFC). In 2011, L&T Infra was notified as a Public Finance Institution by the government for providing term finance to develop the country’s infrastructure sector. The company’s key sectors include renewable energy, refinancing of transmission and road sector projects, with almost 80% of loan disbursements
during the FY16 were in renewable energy, road and transmission projects. Broadly, L&T Infra’s business is divided into Project Finance Group which provides structured and corporate finance; Debt Capital Market (DCM) Group and Financial Advisory Services Group which includes Debt and Equity Advisory services. Additionally L&T Infra provides financing solutions to greenfield projects and refinancing solutions to operational infrastructure projects.
Dun & Bradstreet D-U-N-S® No 67-738-3032 Financials (` mn) 24,361.5
Total Income
2,400.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
15.1
NP Growth (y-o-y)
6.5
NPM
9.9
(As on Mar 31, 2016)
LIC Housing Finance Limited Bombay Life Building, 2nd Floor, 45/47, Veer Nariman Road, Mumbai – 400001, Maharashtra Website: www.lichousing.com Business Profile LIC Housing Finance Ltd (LHFL) was incorporated in 1989 as housing finance company, promoted by LIC of India; in 1994 it was converted into a public limited company. The company provides long term finance to individuals for purchase or construction and repair, renovation of residential properties. LCHL also provides finance for business requirements including loans to professionals for office premises and equipments and entities involved in real estate
construction and development. As on Mar 31, 2016 LCHL functions through seven regional offices, 17 back offices which conduct credit appraisal and administrative functions. It has 234 marketing offices across India and has appointed nearly 13,668 intermediaries. It also has Representative Offices in Dubai and Kuwait which cater to NRIs in the GCC countries including Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.
Dun & Bradstreet D-U-N-S® No 65-071-6657 Financials (` mn) 124,854.6
Total Income
16,607.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
15.6
NP Growth (y-o-y)
19.8
NPM
13.3
(As on Mar 31, 2016)
LKP Finance Limited 203, Embassy Centre, Nariman Point, Mumbai - 400021, Maharashtra Website: www.lkpsec.com Business Profile LKP Finance Ltd (LKPF) incorporated in 1984 is registered as a non banking financial institution with RBI. LKPF provides investment and other financial services; it is also a broking house. The company’s services include equity broking in cash and derivatives, internet-based trading, demat services, research, debt and money market broking, merchant banking, currency, loan against shares and margin funding, merger and acquisition, commodity trading,
mutual fund distribution, IPO distribution, and life insurance distribution. The company has three subsidiaries viz. LKP Securities Ltd, LKP Wealth Advisory Pvt. Ltd and Gayatri Cement & Chemical Industries Pvt Ltd. LKP Securities Ltd. is present in more than 2500 outlets in 200 cities and 25 regional offices in India. LKPF is empanelled with domestic financial institutions including non life & life insurance, mutual funds, foreign financial institutions, corporate, HNIs and retail clients.
Dun & Bradstreet D-U-N-S® No 65-018-5580 Financials (` mn) Total Income
583.4
Net Profit
(14.3) Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y)
(1.9) (993.8) (2.5)
NPM (As on Mar 31, 2016)
Magma Fincorp Limited Magma House, 24, Park Street, Kolkata - 700016, WB Website: www.magma.co.in Business Profile Magma Fincorp Ltd (MFL) incorporated in 1978 is a non banking finance company engaged in asset financing business. MFL offers loan products for car and utility vehicles, commercial vehicles, construction equipment, tractors, used vehicles and SMEs. Car and utility comprise the maximum, almost 25% of MFL’s loan book. Besides financing, the company forayed in the general insurance business in 2009 through a joint venture with HDI-Gerling International
Holding AG, Germany. Later during FY13 MFL acquired the mortgage business of GE India and entered the housing finance sector. The company is focused on catering to rural and semi-urban segment including farmers and self employed non professionals. As on Sept 30, 2016 MFL was present in 2900 locations and 1900 talukas with 268 branches across the country. During FY16 MFL’s total loan disbursement was ` 718.03 mn.
Dun & Bradstreet D-U-N-S® No 65-048-5329 Financials (` mn) Total Income
21,391.6 1,871.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
4.6
NP Growth (y-o-y)
25.5
NPM
8.7
(As on Mar 31, 2016)
63
India’s Leading BFSI Companies 2017
Magma Housing Finance 8, Sant Nagar, East of Kailash, New Delhi - 110065, Delhi Website: www.magmahfc.co.in Business Profile Magma Housing Finance (Magma Housing), the housing finance arm of Magma Group, was incorporated in the year 2004. In the same year, the company was registered as GE Money Housing Finance, a non-deposit taking HFC with NHB. The company was acquired by Magma Group from GE Group in 2013. Presently, Magma Housing is a step-down subsidiary of Magma Fincorp Ltd. The company offers a wide array of loan offerings encompassing home
loan, plot loan, loan against property and loan for purchase of commercial property. As per the annual report of FY16, Magma Housing operated from 87 offices spread across the country. During the same period, the company’s loan book grew nearly by 9% to reach ` 17.9 bn.
Dun & Bradstreet D-U-N-S® No 87-181-3907 Financials (` mn) 2,424.2
Total Income
228.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
26.2
NP Growth (y-o-y)
115.2 9.4
NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
64
India’s Leading BFSI Companies 2017
Mahindra & Mahindra Financial Services Limited
Mr. Ramesh Iyer Vice-Chairman & Managing Director Dun & Bradstreet D-U-N-S® No 91-940-3308 Financials (` mn) Total Income
59,051.0 6,726.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
5.7 (19.1) 11.4
NPM (As on Mar 31, 2016)
Management Details Chairman Mr. Dhananjay Mungale Vice-Chairman & Managing Director Mr. Ramesh Iyer Executive Director & CFO Mr. V. Ravi Directors Mr. M. G. Bhide Mr. Piyush Mankad Mr. C.B. Bhave Ms. Rama Bijapurkar Mr. V.S. Parthasarathy Dr. Anish Shah
About the Company
Subsidiaries and JVs
Mahindra & Mahindra Financial Services Ltd (MMFSL) , a subsidiary of Mahindra & Mahindra Ltd - is a non-banking financial company (NBFC) primarily catering to the financial needs of rural and semi-urban markets. The company was incorporated in 1991 as Maxi Motors Financial Services Ltd and acquired its present name in 1992.
As on March 31, 2016, Mahindra Finance had 3 subsidiaries namely Mahindra Insurance Brokers Ltd (MIBL), Mahindra Rural Housing Finance Ltd (MRHFL) and Mahindra Asset Management Company Pvt Ltd (MAMCPL).
Mahindra Finance has a pan-India presence covering over 2,80,000 villages across 27 states and 4 union territories in India through 1,181 offices as of Dec 31 2016 with over 4.5 mn customers. Business Operations The company is mainly engaged in the business of financing purchase of new and pre-owned auto and utility vehicles, tractors, cars, commercial vehicles and construction equipments. Mahindra Finance also provides personal loans to its existing customers for their various needs. The company started SME financing in 2011 in the areas of project finance, equipment finance and working capital finance. It also provides investment advisory services to assist customers in investing money through mutual fund schemes after analysing their financial needs based on their earning capacity and current investment patterns. The company also provides fixed deposit product schemes offering competitive interest rates and low risk investment. In FY’16, the company crossed 4 mn cumulative customer contracts since its inception. The company’s overall AUM registered a y-o-y growth of around 11% and stood at ` 409.33 bn as on 31 Mar 2016.
MRHFL offers housing finance facility by providing loans for construction, purchase, renovation, and improvement in rural and semi-urban segments. MIBL provides insurance solutions by offering various products for life as well as non-life insurance segments to retail customers and corporations. MAMCPL is engaged as an investment manager to the Mahindra Mutual Fund, which provides mutual fund products to rural and semi-urban customers. The company entered into a JV with Rabobank Group to form the subsidiary Mahindra Finance USA LLC, which provides wholesale inventory financing to US based dealers, finance dealer purchases of Mahindra products and provides retail financing to end-user customers to finance their lease or purchase of Mahindra products or used products from dealers in US. CSR & Skill Development MMFSL’s core CSR activities include scholarship to meritorious students from economically disadvantaged families in rural India, education for underprivileged girls, vocational training on financial skills for rural youth, drivers’ training program for women, financial literacy among school children, donation of ambulance and healthcare equipment to hospitals in rural areas, tree plantation and Swachh Bharat Abhiyan.
Registered Address and Website Gateway Building Apollo Bunder Mumbai - 400001 Maharashtra Website www.mahindrafinance.com
Advertorial
65
India’s Leading BFSI Companies 2017
Mahindra Rural Housing Finance Limited 2nd Floor, Sadhana House, Behind Mahindra Towers, 570, P.B. Marg, Worli, Mumbai - 400018, Maharashtra Website: www.mahindrahomefinance.com Business Profile Mahindra Rural Housing Finance Ltd (MRHFL), a subsidiary of Mahindra and Mahindra Financial Services Ltd, was established in 2007. The company offers home loan products catering specifically to rural areas. The company offers home completion loans for construction of dwelling units, purchase of dwelling units, improvement/ renovation of existing dwelling units, extension of existing dwelling units and joint liability group loan. The company’s
operations are spread across the states of Maharashtra, Gujarat, Rajasthan, TN, AP, Kerala, Karnataka, MP, UP and Bihar. As per the annual report for FY16, the company disbursed loans to about 125,000 households achieving more than 50% growth in aggregate disbursals that reached ` 15.5 bn. As on Mar 31 2016, outstanding loan portfolio of MRHFL stood at ` 32.6 bn.
Dun & Bradstreet D-U-N-S® No 86-031-2377 Financials (` mn) 4,954.5
Total Income
626.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
50.8
NP Growth (y-o-y)
41.9
NPM
12.7
(As on Mar 31, 2016)
Manappuram Finance Limited V/104 (Old), W/638 (New), Manappuram House, Valapad P.O., Thrissur - 680567, Kerala Website: www.manappuram.com Business Profile Manappuram Finance Ltd (MFL) established in 1992 is a gold loan providing non banking financial company. MFL ‘s core business activity comprises of providing loan against deposit of gold based jewellery and coins. Since FY15 the company expanded its financing business portfolio; in addition to gold loans, it forayed into providing microfinance, housing loans and commercial vehicle loans. MFL entered microfinance segment by acquiring Asirvad
Microfinance Pvt. Ltd. in Feb, 2015. MFL’s subsidiary Manappuram Home Finance Pvt. Ltd. provides house loans to affordable housing sector including tier-2, tier-3 and near major cities. MFL provides commercial vehicles loans to the under-served, un-banked category in the unorganised sector. During FY16 new business contributed almost 12% of MFL’s AUM. As on Mar 31, 2016 the company had 3663 branches across the country.
Dun & Bradstreet D-U-N-S® No 91-847-9457 Financials (` mn) 22,174.7
Total Income
3,372.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
11.9
NP Growth (y-o-y)
24.6
NPM
15.2
(As on Mar 31, 2016)
Manipal Housing Finance Syndicate Limited Manipal House, Manipal - 576104, Karnataka Website: www.manipalhousing.com Business Profile Manipal Housing Finance Syndicate Ltd (MHFSL) established in 1986 is a housing finance company promoted by Syndicate Bank and diversified conglomerate the Manipal Group. It is a deposit accepting company registered with National Housing Bank. MHFSL’s business activity includes providing long term finance to individuals for acquisition, construction, repairs, renovation of houses and providing business or personal finance on existing property The
Company has 38 branches across 11 locations and besides home finance the company also sanctions loans against gold ornaments, which contributes nearly 11% of MHFSL’s turnover. The company has partnered with insurance companies to market insurance products to the company’s customers During FY16, MHFSL disbursed ` 1611.4 mn loans increasing the company’s total loan book to ` 3405 mn and its gold loan book stood at ` 241.8 mn.
Dun & Bradstreet D-U-N-S® No 67-551-7809 Financials (` mn) 423.2
Total Income
54.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(5.3)
NP Growth (y-o-y)
12.9
NPM
12.9
(As on Mar 31, 2016)
Motilal Oswal Financial Services Limited Motilal Oswal Tower, Rahimtullah Sayani Road, Opp Parel ST Depot, Prabhadevi, Mumbai – 400025, Maharashtra Website: www.motilaloswalgroup.com Business Profile Motilal Oswal Financial Services Ltd (MOFSL) founded in 1987 and incorporated as a public limited company in 2005 is the holding company of the Motilal Oswal Group. The company is a non banking financial company registered with RBI and it is engaged in managing the financial infrastructure of the Group. The company through its 17 subsidiaries is engaged in retail broking and financial products distribution, institutional broking, private 66
wealth management, investment banking, private equity (growth capital and real estate), asset management and home finance. MOFSL is present in more than 2000 locations in 511 cities. During FY16 MOFSL’s PAT was ` 1.69 bn on consolidated revenue of ` 10.93 bn which comprised of 47% from broking activities nearly 20% each from housing finance and asset management fees and 10% from fund based business.
Dun & Bradstreet D-U-N-S® No 65-097-5381 Financials (` mn) Total Income
1,108.6 467.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(14.2)
NP Growth (y-o-y)
(22.7)
NPM (As on Mar 31, 2016)
42.2
India’s Leading BFSI Companies 2017
Muthoot Capital Services Limited 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682035, Kerala Website: www.muthootcap.com Business Profile Muthoot Capital Services Ltd (MCSL) incorporated in 1994 is a deposit taking non banking finance company registered in 1998 with RBI. Promoted by the Muthoot Pappachan Group MCSL provides consumer finance for automobile loans i.e. two and four wheeler loans. The company provides finances for Tata Nano cars and used cars and its commercial vehicle finance unit caters to the three wheeler category. MCSL also offers loans
against property, shares, gold ETF’s, SME loans, mortgage loans, leasing and hire purchase loans and bill discounting. MCSL has 31 branches across 14 states and its loan disbursements compromise majorly of two wheeler loans. As on Mar 31, 2016 MCSL had disbursed ` 9279.6 mn loans of which ` 7800.2 mn were for two wheelers and corporate and other business loans amounted to ` 1479.4 mn.
Dun & Bradstreet D-U-N-S® No 86-220-2157 Financials (` mn) 2,284.9
Total Income
228.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
19.4 2.5 10.0
NPM (As on Mar 31, 2016)
Muthoot Finance Limited 2nd Floor, Muthoot Chambers, Banerji Road, Kochi - 682018, Kerala Website: www.muthootfinance.com Business Profile Muthoot Finance Ltd (MFL) incorporated in 1997 is the flagship company of Muthoot Group; it is registered with RBI as a systemically important non-deposit taking NBFC. MFL’s primary business activity is providing loans against collateral of gold jewellery. Its other business activities include providing home loans and insurance services. During FY16 the company forayed into microfinance by acquiring 46.83% of Belstar Investment and Finance Pvt. Ltd. It
also took over Muthoot Insurance Brokers Pvt Ltd, an IRDA registered insurance direct broker making it MFL’s wholly-owned subsidiary. During FY16 MFL also increased its stake in its subsidiary in Sri Lanka, Asia Asset Finance PLC which provides gold loans and microfinance. MFL is present across the country through more than 4275 branches with almost 70% of these being located in rural and semi-urban areas.
Dun & Bradstreet D-U-N-S® No 87-178-2309 Financials (` mn) 48,750.2
Total Income
8,095.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
12.7
NP Growth (y-o-y)
20.7
NPM
16.6
(As on Mar 31, 2016)
Muthoot Fincorp Limited Muthoot Centre, Punnen Road, Trivandrum -695039, Kerala Website: www.muthootfincorp.com Business Profile Muthoot Fincorp Ltd (Muthoot Fincorp), the flagship company of the 129 years old Muthoot Pappachan Group, is one of the largest NBFCs in India. Muthoot Fincorp is a provider of mass finance in the form of gold loans. The company has a vast product offering catering to the various needs of the customers including gold loans, business loans, housing loans, auto loans, money transfers, foreign exchange service, insurance services, and wealth management
services. The company also offers microfinance solutions through its microfinance arm Muthoot Mahila Mitra to promote entrepreneurship among female clients. Currently the company serves over one million customers through its 3,800 branches.
Dun & Bradstreet D-U-N-S® No 92-483-8100 Financials (` mn) 20,852.3
Total Income
874.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
2.3
NP Growth (y-o-y)
4.4
NPM
4.2
(As on Mar 31, 2016)
NABARD Financial Services Limited #3072, 14th Cross, K R Road, Banashankari 2nd Stage, Bengaluru ‐ 560070, Karnataka Website: www.nabfins.org Business Profile NABARD Financial Services Limited (NABFINS) was incorporated in 1997 as Karnataka Agri Development Finance Company and is a subsidiary of the National Bank for Agriculture and Rural Development (NABARD). The company is registered as the systemically important non-deposit taking NBFC (NBFCND-SI) and also obtained its license to operate as micro-finance institution in 2012. The company provides financial services in two
broad areas of agriculture and microfinance. Under the agriculture business, the company provides credit and other facilities for promotion, expansion, commercialization, and modernization of agriculture and allied activities. Under its microfinance business, the company extends loans to farmers, artisans & individuals; SHGs, JLGs & small and marginal producers groups; micro and small enterprises among others.
Dun & Bradstreet D-U-N-S® No 86-031-2379 Financials (` mn) Total Income
1,445.1 87.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
16.7 (50.0) 6.0
(As on Mar 31, 2016)
67
India’s Leading BFSI Companies 2017
National Bank for Agriculture and Rural Development Plot No C-24, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra Website: www.nabard.org Business Profile National Bank for Agriculture and Rural Development (NABARD) was established in July 1982 to promote sustainable and equitable agriculture and rural prosperity through effective credit support, related services and institution development. NABARD provides refinancing in the form of short, medium and long term loans; and direct financing in the form of rural infrastructure development funds (RIDF), credit facilities to marketing federations and direct
lending to CCB’s among others. The banks’ development activities involve institutional development, micro credit innovation and research development among others. NABARD also conducts supervisory inspections of SCBs, CCBs and RRBs along with voluntary inspections of SCARDBs and apex-level cooperative societies and federations. As per its annual report for FY16, NABARDs cumulative disbursement under RIDF stood at ` 1,900.2 bn.
Dun & Bradstreet D-U-N-S® No 65-050-8245 Financials (` mn) 207,301.2
Total Income
25,238.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
16.4 5.0 12.2
NPM (As on Mar 31, 2016)
National Commodity & Derivatives Exchange Limited Akruti Corporate Park,1st Floor, Near G.E.Garden , L.B.S. Marg, Kanjurmarg (West), Mumbai - 400078 Website: www.ncdex.com Business Profile National Commodity & Derivatives Exchange Ltd (NCDEX) was incorporated in Apr 2003. The company is jointly promoted by national level financial institutions, large public sector banks and companies. NCDEX is a demutualised online commodity exchange regulated by SEBI. It offers a commodity trading platform for market participants to trade in a wide spectrum of commodity derivatives. As on Mar 31 2016, NCDEX had about 585 members on the
exchange platform across the country. As on Mar 31 2016, NCDEX enabled trading offered trading in 27 commodity contracts, which includes 21 agricultural commodity contracts, 3 bullion commodity contracts, 2 metal commodity contracts and 1 commodity contract in energy sector. During the same period, the exchange had 417 approved warehouses with a capacity of 2.34 MMT.
Dun & Bradstreet D-U-N-S® No 91-562-8636 Financials (` mn) 1,737.4
Total Income
688.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
19.4
NP Growth (y-o-y)
156.8 39.6
NPM (As on Mar 31, 2016)
National Housing Bank Core 5-A, India Habitat Centre, 3rd-5th Floor, Lodhi Road, New Delhi - 110003 Website: www.nhb.org.in Business Profile National Housing Bank (NHB), wholly owned by RBI was established in 1988. NHB operates as a principal agency to promote housing finance institutions both at local and regional levels and to provide financial and other support to such institutions. The primary functions of NHB are to provide financing, regulation and promoting housing finance market in the society. NHB supports housing finance sector by providing assistance in the form of refinance, project
finance, guarantee and securitization. NHB has also played a lead role in starting up mortgage backed securitisation and development of a secondary mortgage market in the country. NHB also undertakes promotion and development activities by equity participation in HFCs and guaranteeing bonds of HFCs among others.
Dun & Bradstreet D-U-N-S® No 65-050-8591 Financials (` mn) 42,126.0
Total Income
7,918.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
9.0
NP Growth (y-o-y)
6.0 18.8
NPM (As on June 30, 2016)
The National Securities Clearing Corporation Limited Exchange Plaza C-1 Block Gbandra Kurla Complex Bandra East, Mumbai - 400051, Maharashtra Website: www.nscclindia.com/NSCCL/ Business Profile National Securities Clearing Corporation Ltd (NSCCL), a wholly owned subsidiary of NSE, was incorporated in 1995 and commences the clearing operations in April 1996. The company is primarily engaged in clearing and settlement of all trades executed on NSE and deposit and collateral management and risk management functions. NSCCL does settlement of funds through 13 clearing banks namely Axis Bank, Bank of India, Canara Bank, Citibank, HDFC 68
Bank, HSBC, ICICI Bank, IDBI Bank, IndusInd Bank, Kotak Mahindra Bank, Standard Chartered Bank, SBI and Union Bank of India. During FY16, 247 rolling settlements were handled in dematerialised mode. The average value of securities handled per settlement was ` 50.7 bn in FY16 compared to ` 52.3 bn in FY15. The average funds pay-in per settlement during FY16 stood at ` 15.7 bn and ` 15 bn respectively.
Dun & Bradstreet D-U-N-S® No 91-624-0369 Financials (` mn) Total Income
3,314.2
Net Profit
1,658.9 Growth and Profitability (%)
TI Growth (y-o-y)
(17.6)
NP Growth (y-o-y)
(24.2)
NPM (As on Mar 31, 2016)
50.1
India’s Leading BFSI Companies 2017
National Securities Depository Limited Trade World, A wing, 4th & 5th Floors, Kamala Mills Compound, Lower Parel, Mumbai - 400013, Maharashtra Website: www.nsdl.co.in Business Profile National Securities Depository Ltd (NSDL) was established in Aug 1996. NDSL provides depository services to the investors and brokers in the Indian capital market. NSDL offers a wide range of basic services including account maintenance, dematerialisation & rematerialisation of shares, settlement of trades through market transfers, off market transfers & inter-depository transfers amongst others. Additional services offered by NSDL includes
pledge, hypothecation of securities, automatic delivery of securities to clearing corporations, distribution of cash and non-cash corporate benefits and stock lending among others. As on Dec 2016, NSDL had 15.2 mn active client accounts. During the same period, the DP network comprised of 267 DPs, spread across 1,944 cities and towns across the country operating through 27,342 DP service centres.
Dun & Bradstreet D-U-N-S® No 86-220-2454 Financials (` mn) 1,375.0
Total Income
819.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
11.2
NP Growth (y-o-y)
86.4
NPM
59.6
(As on Mar 31, 2016)
The National Small Industries Corporation Limited NSIC Bhawan, Okhla Industrial Estate, New Delhi - 110020, Delhi Website: www.nsic.co.in Business Profile The National Small Industries Corporation Ltd (NSIC) is GoI enterprise under Ministry of MSME. The company is set up primarily for the promotion of MSMEs in the country. It offers tailored schemes to facilitate marketing support, finance support, technology support and other support services. Various schemes and services offered by NSIC include marketing assistance, bank credit facilitation, performance & credit ratings, raw material assistance, single point
registration, infomediary services, marketing intelligence, bill discounting and infrastructure. To meet the credit requirements of MSME units, NSIC has signed MoU with 33 public & private sector banks. During FY16, agreements were signed with two more banks i.e. Bhartiya Mahila Bank and South Indian Bank.
Dun & Bradstreet D-U-N-S® No 87-179-6227 Financials (` mn) 26,854.4
Total Income
1,014.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
2.6
NP Growth (y-o-y)
14.5 3.8
NPM (As on Mar 31, 2016)
National Stock Exchange of India Limited Exchange Plaza, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra Website: www.nseindia.com Business Profile National Stock Exchange of India Ltd (NSE) was incorporated in Nov 1992 and received the recognition as a stock exchange in Apr 1993. NSE operates a nation-wide electronic market offering trading in equity & equity linked products, derivatives, and debt. It offers exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. It also oversees compliance by trading
and clearing members and listed companies with the rules and regulations. As per the annual report for FY16, 31 new members got registered with NSE, taking the total membership to 1,467. As on March 31, 2016, the number of listed companies available for trading on NSE stood at 1,580.
Dun & Bradstreet D-U-N-S® No 91-843-4122 Financials (` mn) 20,445.4
Total Income
4,393.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
6.6 (43.7) 21.5
NPM (As on Mar 31, 2016)
North Eastern Development Finance Corporation Limited NEDFi House, G. S. Road, Dispur, Guwahati - 781006, Assam Website: www.nedfi.com Business Profile North Eastern Development Finance Corporation Ltd (NEDFCL), a public limited company was incorporated in 1995. NEDFCL was registered as a NBFC with RBI in 2002. NEDFCL provides financial assistance to MSMEs for setting up industrial, infrastructure and agri-allied projects in the north eastern region of India. The company also offers microfinance through MFI/NGOs. Apart from financing, NEDFCL offers consultancy & advisory services
to the state governments, private sectors and other agencies. As per the annual report for Mar 31 2016, the cumulative sanctions and disbursements of NEDFCL stood at ` 40.0 bn and ` 30.1 bn registering a growth of 9.9% and 11.2% respectively. In FY16, NEDFCL bagged nine advisory & consultancy projects with fee value totalling to ` 38.9 mn.
Dun & Bradstreet D-U-N-S® No 91-628-6271 Financials (` mn) Total Income
1,524.2 616.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
3.9 (18.5) 40.5
(As on Mar 31, 2016)
69
India’s Leading BFSI Companies 2017
Pilani Investment and Industries Corporation Limited Birla Building, 9/1, R.N. Mukherjee Road, Kolkata - 700001, WB Website: www.pilaniinvestment.com Business Profile Pilani Investment and Industries Corporation Ltd (Pilani Investment) was incorporated in Aug 9, 1948 under the Jaipur Companies Act, 1942 and commenced its business on Aug 12, 1948. Pilani Investment is an investment company registered with RBI as a non-deposit taking NBFC. The equity shares of the company are listed on Madhya Pradesh Stock Exchange Ltd and Delhi Stock Exchange Association Ltd. The company through its wholly owned subsidiaries,
PIC Properties Ltd and PIC Realcon Ltd deals into realty business. Pilani Investment also has two associate companies namely Century Textiles & Industries Ltd and Kesoram Industries Ltd.
Dun & Bradstreet D-U-N-S® No 65-065-3736 Financials (` mn) Total Income
466.1
Net Profit
389.1 Growth and Profitability (%)
TI Growth (y-o-y)
(8.1)
NP Growth (y-o-y)
(8.3)
NPM
83.5
(As on Mar 31, 2016)
PNB Gilts Limited 5, Sansad Marg, New Delhi - 110001, Delhi Website: www.pnbgilts.com Business Profile PNB Gilts Ltd (PNB Gilts) was established as a wholly owned subsidiary of Punjab National Bank. The company has been granted the primary dealership license by the RBI. PNB Gilts primary activities includes supporting government borrowing program via underwriting of government securities issuances and trade in a gamut of fixed income instruments such as government securities, treasury bills, state development
loans, corporate bonds, interest rate swaps and various money market instruments such as certificates of deposits, commercial papers among others. The company has a wide client base ranging from provident funds trusts, RRBs, co-operative banks, corporate and individuals. As per the company annual report for the period ending Mar 31 2016, capital adequacy ratio of the company stood at 68.07%.
Dun & Bradstreet D-U-N-S® No 91-534-7681 Financials (` mn) 3,434.0
Total Income
345.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(16.2)
NP Growth (y-o-y)
(60.9) 10.0
NPM (As on Mar 31, 2016)
PNB Housing Finance Limited 9th Floor, Antriksh Bhawan, 22, K. G. Marg, New Delhi - 110001, Delhi Website: www.pnbhousing.com Business Profile PNB Housing Finance Ltd (PNBHFL), a subsidiary of Punjab National Bank, is a registered housing finance company with NHB. The company commenced its business operations in the year 1988. It mainly operates in three segments viz home loans, non-home loans and fixed deposits. PNBHFL caters to individuals and corporate by providing housing loans for construction, purchase, repair and upgradation of houses, in addition to loans for commercial space,
loan against property and loan for purchase of residential plots. As per the company annual report, its loan portfolio crossed ` 270 bn in FY16, achieving a five year CAGR of 62%. During the same period, it added new branches across Vishakapatnam, Faridabad, Bhiwadi, Nasik, Surat, Vadodara, Vijaywada, Thrissur and Hyderabad, taking the overall network to 47 branches and 16 processing hubs.
Dun & Bradstreet D-U-N-S® No 91-661-0327 Financials (` mn) 26,965.9
Total Income
3,264.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
51.8
NP Growth (y-o-y)
66.5
NPM
12.1
(As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
70
India’s Leading BFSI Companies 2017
Power Finance Corporation Limited About the Company
Rajeev Sharma Chairman & Managing Director Dun & Bradstreet D-U-N-S® No 87-179-8223 Financials (` mn) Total Income
275,643.1 61,134.8
Net Profit
Growth and Profitability (%) TI Growth (y-o-y)
10.7
NP Growth (y-o-y)
2.6 22.2
NPM (As on Mar 31, 2016)
Management Details Chairman & Managing Director Rajeev Sharma Directors Dr Arun Kumar Verma R Nagarajan D Ravi Chinmoy Gangopadhyay Sitaram Pareek
Registered Address and Website Power Finance Corporation Ltd. ‘Urjanidhi’, 1, Barakhamba Lane, Connaught Place New Delhi - 110 001 Website www.pfcindia.com
Advertorial
Power Finance Corporation Ltd (PFC) was established in 1986 as a financial institution to cater to the finance needs of the Indian power sector. The Government of India is the major shareholder, holding 67.80%. PFC was conferred with the status of a Navratna in 2007. In 1998, the company was registered with RBI as NBFC and in 2010, RBI classified PFC as an ‘Infrastructure Finance Company’ (NBFC-ND-IFC). Its clients include state electricity boards, state power utilities, state electricity/power departments, other state departments engaged in the development of power projects, central power utilities, joint sector power utilities, equipment manufacturers and private sector power utilities. The company offers fund and non-fund based products and services such as project term loans, debt refinancing, short term loans, corporate loan, bridge loan, line of credit, guarantee, lease financing and letter of comfort, among others. PFC also provides loan syndication services in the areas of power, energy & infrastructure. The company has 13 subsidiaries and 2 joint ventures. PFC has allocated ` 1.66 bn for CSR activities in F.Y.2016-17. Some of the major milestones achieved by PFC include: • The company has crossed cumulative loan sanctions of ` 6 trillion as on 31.12.2016 • The company emerged as the largest NBFC in the country based on net worth (all reserves) as on March 31, 2016 • The company also became the 5th highest profit making CPSE in the country among 298 CPSEs as per DPE Survey, 2016. • Business Parameters at a Glance (As on 31.12.2016) Cumulative Loan Sanctions ` 6 trillion Cumulative Loan Disbursements ` 4.3 trillion Outstanding Loan sanctions ` 1.7 trillion Loan Assets - ` 2.35 trillion
Some of these initiatives where PFC is playing a pivotal role are: Integrated Power Development Scheme (IPDS) to strengthen power distribution sector in urban areas • Under IPDS, PFC sanctioned ` 259 bn for identified 3,597 towns • PFC developed Mobile App ‘URJA’ for effective online monitoring & implementation of IPDS • PFC successfully rolled out Restructured Accelerated Power Development and Reform Programme (R-APDRP subsumed in IPDS) Scheme to reduce AT&C losses below 15% in identified 1,405 towns using state of the art IT applications for which ` 380 bn has already been sanctioned to all eligible projects Ultra Mega Power Projects (UMPPs) • PFC is the nodal Agency for development of UMPPs. Some of the benefits of UMPPs include competitive tariff due international tariff based bidding, economies of scale benefits as each project is ~ 4000 MW each and Higher efficiency due to Super critical technology • As of now 4 UMPPs were transferred, 4 UMPPs are on fast track and 7 are in pipeline Independent Transmission Projects (ITPs) PFC acts as Bid Process Coordinator for ITPs, which are also competitively bid in similar lines to UMPPs. So far 15 ITPs have been transferred or awarded out of the 25 identified ITPs. Additionally, PFC is also playing an active role in distribution reforms as below: 24X7 Power for All (PFA) by 2019 • PFC played a key role in developing 24X7 PFA document specific to each of the States / UTs • Appointed Consultants for 36 States / UTs, out of which 29 States and all 6 UTs have already signed PFA documents detailing the road map to achieve PFA UDAY (Ujwal DISCOM Assurance Yojana) Scheme • Facilitated with financial and analytical data on DISCOMs for formulating the scheme • Actively involved in implementation of UDAY scheme 71
India’s Leading BFSI Companies 2017
PTC India Financial Services Limited 7th Floor, Telephone Exchange Building, 8 Bhikaji Cama Place, New Delhi - 110066, Delhi Website: www.ptcfinancial.com Business Profile PTC India Financial Services Ltd (PIFSL) formed in 2006 is a subsidiary of PTC India Ltd and registered with RBI as a systemically important non-deposit taking NBFC. The company classified as an Infrastructure Finance Company provides investment and financing services to power and related infrastructure sectors. It caters to financing the power sector value chain including investing in equity, providing debt to power projects in generation,
transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors amongst others. PIFSL also provides non-fund based financial services to green field and brown field projects at various stages. During FY16 PIFSL collaborated through International Financial Corporation’s Master Cooperation Agreement to promote financing in renewable energy projects. Till FY16 the company’s gross loan book was ` 86,340 mn.
Dun & Bradstreet D-U-N-S® No 67-710-4050 Financials (` mn) 11,869.3
Total Income
3,911.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
48.0
NP Growth (y-o-y)
143.1 33.0
NPM (As on Mar 31, 2016)
Reliance Capital Limited H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400710, Maharashtra Website: www. reliancecapital.co.in Business Profile Reliance Capital Ltd (RCL) is a Reliance Group company incorporated in 1986 at Ahmedabad, Gujarat as Reliance Capital & Finance Trust Ltd which changed to its present name RCL in 1995. RCL initially offered leasing, bill discounting services and inter-corporate deposits. In 1993 RCL diversified its business to include portfolio investment, lending against securities, custodial services, money market operations, project finance advisory services and investment
banking. In 1998 RCL was registered as a non banking financial company and it further expanded its activities to include asset management and mutual fund; life and general insurance; commercial finance and industrial finance; stock broking; depository services; proprietary investments; asset reconstruction; distribution of financial products and other activities in financial services. As on Mar 31, 2016 RCL’s consolidated total assets stood at ` 671.12 bn.
Dun & Bradstreet D-U-N-S® No 91-861-8294 Financials (` mn) 41,450.0
Total Income
9,770.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
3.9
NP Growth (y-o-y)
29.1
NPM
23.6
(As on Mar 31, 2016)
Reliance Home Finance Limited Reliance Centre,6th Floor, South Wing,Off Western Express Highway,Santacruz East,Mumbai,Mumbai - 400055 Website: www.reliancehomefinance.com Business Profile Reliance Home Finance Ltd (RHFL) was incorporated in 2008 and the home finance portfolio of Reliance Capital Ltd was transferred to the company. The company is also registered as a non-public deposit taking housing finance company with NHB on January 6, 2009. The company offers Home Loans, which includes providing secured finance primarily to individuals, partnership firms and companies for the purchase, self-construction, improvement
and extension of homes, new and resalable flats, against mortgage of the same property. It also provides certain categories of non-housing loans such as Loan Against property. The asset under management of the company stood at ` 73.6 bn in FY16 – registering a growth of 27.5%. During FY16, RHFL’s CAR stood at 16.3%.
Dun & Bradstreet D-U-N-S® No 91-576-5815 Financials (` mn) 8,150.3
Total Income
867.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
59.0
NP Growth (y-o-y)
25.6
NPM
10.6
(As on Mar 31, 2016)
Religare Enterprises Limited D3, P3B, District Centre, Saket, New Delhi - 110017, Delhi Website: www.religare.com Business Profile Religare Enterprises Ltd (REL) is a holding company of diversified financial services group. REL through its subsidiaries offers an integrated suite of financial services including lending, health insurance and capital markets. The lending business involves Religare Finvest Ltd engaged in SME finance; and Religare Housing Development Finance Corporation Ltd engaged in affordable housing finance. Its insurance business is carried by Religare Health Insurance 72
Company Ltd. The capital market business involves retail broking, wealth management and institutional equities conducted through Religare Securities Ltd, Religare Wealth Management Ltd and Religare Capital Markets Ltd respectively. The company’s products and services cater to various customer segments like retail, HNIs, UHNIs, mid-size corporates, SMEs to large corporates and institutions.
Dun & Bradstreet D-U-N-S® No 86-380-9692 Financials (` mn) Total Income
1,263.8 838.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
10.4 (181.0) 66.3
India’s Leading BFSI Companies 2017
Religare Finvest Limited D3, P3B, District Centre, Saket, New Delhi - 110017, Delhi Website: www.religarefinvest.com Business Profile Religare Finvest Ltd (RFL) was incorporated in Jan 1995 as Skylark Securities Pvt. Ltd. In 2006 it acquired its present name. The company is a subsidiary of Religare Enterprises Ltd and a nondeposit taking NBFC catering especially to SMEs in the country. Its product portfolio comprises of unsecured SME Working Capital, Secured SME business expansion loans, short-term trade finance and capital market loans that includes ESOP financing and IPO financing. Additionally,
the company operates a subsidiary, Religare Housing Development Finance Corporation Ltd, which provides home loans with a focus on the affordable housing segment. As per the annual report for FY16, RFL expanded its network to 30 branches spread across the country. During the same period, its total loans and advances grew 26% to reach ` 181 bn.
Dun & Bradstreet D-U-N-S® No 86-346-2328 Financials (` mn) 25,282.9
Total Income
2,951.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
16.9
NP Growth (y-o-y)
14.9
NPM
11.7
(As on Mar 31, 2016)
Religare Housing Development Finance Corporation Limited 2nd Floor, Rajlok Building, 24, Nehru Place, New Delhi-110019 Website: www.religarehomeloans.com Business Profile Religare Housing Development Finance Corporation Ltd (RHDFC) was incorporated on June 30, 1993 as Maharishi Housing Development Finance Corporation Ltd. On September 7, 2010, the company acquired its present name. RHDFC is a Housing Finance Company registered with the National Housing Bank. The company is a subsidiary of Religare Finvest Ltd. It offers a wide array of services ranging from Home Loans, Home Improvement
Loans, Home Extension Loans and Self Construction Loans.
Dun & Bradstreet D-U-N-S® No 86-031-2386 Financials (` mn) 1,064.4
Total Income
186.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
87.3
NP Growth (y-o-y)
25.0
NPM
17.6
(As on Mar 31, 2016)
Rural Electrification Corporation Limited Core - 4, SCOPE Complex, 7, Lodhi Road, New Delhi - 110003, Delhi Website: www.recindia.nic.in Business Profile Rural Electrification Corporation Ltd (REC) incorporated in 1969 is a CPSE Navratna which is registered with RBI as infrastructure finance NBFC. REC’s core business is to finance and promote power sector projects in the country. It provides loan assistance to state power utilities, private sector project developers, central power sector utilities and state governments for investments in power generation, transmission, distribution and system improvement schemes
amongst others. REC has been appointed the government’s nodal agency for its Deen Dayal Upadhyaya Gram Jyoti Yojan , a scheme for rural electrification; for the National Electricity Fund, an interest subsidy scheme for power distribution companies; and for the Outage Management System and 11 KV Rural Feeder Management System. As on Mar 31, 2016, REC had a loan book of ` 2012.78 bn.
Dun & Bradstreet D-U-N-S® No 86-220-5911 Financials (` mn) 237,562.8
Total Income
56,276.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
16.5
NP Growth (y-o-y)
7.0 23.7
NPM (As on Mar 31, 2016)
S. E. Investments Limited 101, CSC, Pocket 52, CR Park, Near Police Station, New Delhi - 110019 Website: www.seil.in Business Profile S.E. Investments Ltd (SE Investments) was promoted as a private limited company in 1992. In 1995, it got converted into a public limited company. The company is registered as a nondeposit taking NBFC with RBI. SE Investments is engaged in two business segments namely; secured and unsecured loans. Under these segments, it offers business loans, MSME/SME loans, income generation loans and consumer durable finance. Its offerings mainly cater to
MSMEs, small entrepreneurs, partnership firms and individuals. As per the company annual report for FY16, the secure loan segment accounted for 78% of its overall business. It catered to more than 0.7 mn customers registering a Y-o-Y growth of around 8.25%. During the same period, CRAR of SE Investments stood at 41.69%.
Dun & Bradstreet D-U-N-S® No 86-031-2387 Financials (` mn) Total Income
1,933.7 451.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
8.4 1.4 23.3
(As on Mar 31, 2016)
73
India’s Leading BFSI Companies 2017
Sakthi Finance Limited 62, Dr. Nanjappa Road, Coimbatore - 641018, TN Website: www.sakthifinance.com Business Profile Sakthi Finance Ltd (SFL), a part of Sakthi Group of Companies, was incorporated in the year 1955 as a NBFC catering to the purchase financial needs of group’s TELCO dealership units. Eventually, the company transformed into a leading player in the captive hire purchase business. Presently, the company is engaged in commercial vehicle financing and equipment financing. SFL also offers refinancing for commercial vehicles and construction equipment’s along with various
financial schemes catering to the funding requirements of commercial vehicle operators. The company operates with a network of over 49 branches the states of TN, Kerala, Karnataka & AP. As per the company annual report, its hire purchase disbursements reached ` 5.3 bn in FY16.
Dun & Bradstreet D-U-N-S® No 65-011-2097 Financials (` mn) 1,720.7
Total Income
125.3
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
14.2 (20.9) 7.3
NPM (As on Mar 31, 2016)
Satin Creditcare Network Limited 5th Floor, Kundan Bhawan, Azadpur Commercial Complex, Delhi - 110033, Delhi Website: www.satincreditcare.com Business Profile Satin Creditcare Network Ltd (SCNL) started operations in 1990 and was registered with RBI as a deposit-taking NBFC in 1998. The company is engaged in microfinance activities. It offers finance to both the urban and rural poor to cater to their productive requirements in establishing new businesses or expanding existing ones. The company offers income generating loans, water & sanitation loans and solar loans among others. It also caters to MSMEs with special
focus on small business owners who are in manufacturing, trading & services. As on Mar 2016, SCNL operated with 431 branches across major states such as UP, MP, J&K, Maharashtra, Rajasthan, Punjab, Haryana, Chandigarh, Uttarakhand, Bihar and WB among others. During the same period, it operated 1.89 mn active loan accounts.
Dun & Bradstreet D-U-N-S® No 91-584-0743 Financials (` mn) 5,585.2
Total Income
579.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
72.3
NP Growth (y-o-y)
82.7
NPM
10.4
(As on Mar 31, 2016)
SBI DFHI Limited Voltas House, 3rd Floor, 23, J. N. Heredia Marg, Ballard Estate, Mumbai - 400001, Maharashtra Website: www.sbidfhi.co.in Business Profile SBI DFHI Ltd (SBI DFHI), a subsidiary of SBI was established in 2004 on account of the merger between the RBI promoted Discount & Finance House of India and SBI Gilts Ltd, a subsidiary of SBI. SBI DFHI operates in the primary dealer segment of the domestic debt market, SBI DFHI undertakes trade in fixed income securities such as treasury bills, government securities, state development loans, non SLR bonds, corporate bonds and short term money
market instruments such as certificates of deposit, commercial paper, inter-corporate deposits, call & notice money and deposits among others. It also undertakes retailing of Government Securities, and distribution of MFs among others. As per the company financial statements, its capital to risk weighted assets ratio stood at 36.33% as on Mar 31 2016.
Dun & Bradstreet D-U-N-S® No 91-534-2187 Financials (` mn) 4,299.7
Total Income
721.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(1.6)
NP Growth (y-o-y)
(22.0) 16.8
NPM (As on Mar 31, 2016)
Shriram City Union Finance Limited 123, Angappa Naicken Street, Chennai – 600001 Website: ww.shriramcity.in Business Profile Shriram City Union Finance Ltd (SCUF) a subsidiary of Shriram Capital Ltd established in 1986 as deposit-accepting non-banking financial company. SCUF is engaged in providing small enterprise finance, loans against gold, financing for two wheelers, pre-owned and new vehicle loans, personal loans and it provides housing loans through its subsidiary Shriram Housing Finance Ltd. The housing loan subsidiary is registered with the National Housing Bank which 74
caters to the lower and middle-income group in Tier-II and Tier-III cities. As on Sep 30, 2016 the company had 981 branches across the country with almost 80% of them in underserved non metro semi–urban locations. SCUF’s AUM as on Mar 31, 2016 comprised of more than 53% of small enterprise finance followed by almost 18% contributed by two wheelers segment and loans against gold.
Dun & Bradstreet D-U-N-S® No 86-220-6729 Financials (` mn) Total Income
38,560.2 5,297.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
9.2
NP Growth (y-o-y)
(5.1)
NPM
13.7
(As on Mar 31, 2016)
India’s Leading BFSI Companies 2017
Shriram Housing Finance Limited No.123, Angappa Naicken Street, Chennai - 600001, TN Website: www.shriramhousing.in Business Profile Shriram Housing Finance Ltd (SHFL), was promoted by Shriram City Union Finance Ltd in 2010-11. The company got registered with National Housing Bank in August 2011, and commenced its lending operations from December 2011. In FY13, Valiant Mauritius Partners FDI Ltd became another shareholder of the company. SHFL provides home loans for purchase of a new / resale house as well as purchase of plot and construction of house
thereon. The company also provides loans for self-construction, of a house or extension / renovation of an existing property. The company also deals in Loan Against Property and also provide financial assistance to builders and developers. SHFL disbursed ` 7.9 bn in FY16 as compared to ` 5 bn in FY15. During FY16, SHFL’s AUM, gross NPA and Net NPA stood at ` 12.8 bn, 2.76% and 1.99% respectively.
Dun & Bradstreet D-U-N-S® No 86-024-2900 Financials (` mn) 1,674.7
Total Income
289.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
95.8
NP Growth (y-o-y)
43.3
NPM
17.3
(As on Mar 31, 2016)
Shriram Transport Finance Company Limited Mookambika Complex, 3Rd Floor, No. 4, Lady Desika Road,Mylapore, Chennai Tn 600004 In Website: www.stfc.in Business Profile Shriram Transport Finance Company Ltd (STFC) is the flagship company of Shriram Group incorporated in 1979 and registered as a deposit taking asset financing non banking financial company with RBI. STFC finances commercial vehicles including heavy duty trucks, medium, intermediate light duty trucks, pick-up and mini trucks, passenger vehicles, farm equipments and construction vehicles and equipments. Besides these STFC also provides tyre finance,
engine replacement, freight bill discounting services. STFC’s financing solutions are focused in the pre-owned commercial vehicle segment. It has one subsidiary Shriram Automall India Ltd offering fee-based facilitation services for selling pre-owned commercial and passenger vehicles, agricultural and construction equipments which are repossessed by banks and financing companies. As on Mar 31, 2016 the outstanding securitised assets portfolio of STFC was ` 108.67 bn.
Dun & Bradstreet D-U-N-S® No 91-535-3445 Financials (` mn) 102,452.6
Total Income
11,782.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
18.5
NP Growth (y-o-y)
(4.8)
NPM
11.5
(As on Mar 31, 2016)
SICOM Limited 7th Floor, Bldg No. 4, Solitaire Corporate Park, Chakala, Andheri (E), Mumbai - 400093, Maharashtra Website: www.sicomindia.com Business Profile SICOM Ltd (SICOM), a non-deposit taking NBFC was incorporated in 1966. The company majorly operates in the business of corporate lending. SICOM offers various fund-based and non-fund based products and services to entrepreneurs. The fund-based services of SICOM include long term loan, corporate loan, short term loan, bill discounting and factoring of receivables. SICOM provides advisory services to SMEs, corporate, government in diverse range of sectors
such as automobiles, agro/ food processing and engineering amongst others. SICOM also provides advisory services to Govt of Maharashtra in respect of disinvestment of sick PSUs by acting as a transaction advisor. As per the company annual report for FY16, its asset base reached ` 125.89 bn. During the same period, it provided project appraisal services to 16 companies comprising large corporates and SMEs.
Dun & Bradstreet D-U-N-S® No 87-177-6656 Financials (` mn) 8,158.2
Total Income
(1,028.0)
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
0.5 (1,264.2) (12.6)
NPM (As on Mar 31, 2016)
Small Industries Development Bank of India SIDBI Tower, 15, Ashok Marg, Lucknow - 226001, UP Website: www.sidbi.com Business Profile Small Industries Development Bank of India (SIDBI), established in Apr 1990, is the principal financial institution for promoting, financing and developing the MSME sector and for coordination of the functions of the institutions engaged in similar activities. SIDBI provides services such as risk capital / equity assistance, sustainable finance, receivable finance, micro finance, factoring, services sector financing to MSME. As per the annual report for FY16, the
company’s overall MSME credit outstanding increased by 18.6% to reach ` 656.3 bn. During the same period, it undertook several initiatives such as setting up ` 1000 cr ‘SIDBI Make in India’ fund with focus on 25 sectors; SIDBI Make in India Soft Loan Fund; and India Aspiration Fund (IAF) among others.
Dun & Bradstreet D-U-N-S® No 86-218-7127 Financials (` mn) Total Income
57,846.1
Net Profit
11,774.7 Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y) NPM
0.8 (16.9) 20.4
(As on Mar 31, 2016)
75
India’s Leading BFSI Companies 2017
Srei Infrastructure Finance Limited Vishwakarma, 86C, Topsia Road (South), Kolkata - 700046, WB Website: www.srei.com Business Profile Srei Infrastructure Finance Ltd (Srei Infrastructure Finance) started operations in 1989 with the core focus on infrastructure sector. Srei infrastructure Finance operates in three business verticals namely fund based services, financing solutions and strategic investments. Its fund based services includes infrastructure equipment finance and project financing, while its financial solutions includes; project advisory, insurance broking, project
development, investment banking, insurance broking and alternative investment fund services. It also makes strategic investments in companies engaged in transportation projects, rentals, rural IT infrastructure and SEZs & industrial parks. As per the company annual report, its AUM for FY16 grew 4% to reach ` 367.02 bn. The company is enhancing presence overseas and currently operates two offices in the Russian Federation.
Dun & Bradstreet D-U-N-S® No 67-550-3998 Financials (` mn) 18,963.3
Total Income
574.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(0.2)
NP Growth (y-o-y)
(36.9) 3.0
NPM (As on Mar 31, 2016)
STCI Finance Limited A/B1, 802, Marathon Innova, Marathon Nextgen Compound, Lower Parel (West), Mumbai - 400013, Maharashtra Website: www.stcionline.com Business Profile STCI Finance Ltd (STCI Finance) was promoted by RBI in May 1994 as Securities Trading Corporation of India Ltd. In 1996, it was authorized by RBI as one of the first primary dealers in India. In Oct 2011, it acquired its present name. STCI Finance is a systemically important nondeposit taking NBFC, with primary focus on lending and investment business. It offers retail, corporate and other financial products such as loans against marketable securities, promoter
funding, loans for IPO, FPO, ESOP finance, term loans and bridge finance amongst others. As per the annual report for the period ending March 31 2016, the total loan book size of the company stood at ` 33.3 bn. The company operates two wholly owned subsidiaries namely; STCI Primary Dealer Ltd and STCI Commodities Ltd.
Dun & Bradstreet D-U-N-S® No 87-180-2233 Financials (` mn) 4,563.2
Total Income
809.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(1.5)
NP Growth (y-o-y)
(46.7) 17.7
NPM (As on Mar 31, 2016)
STCI Primary Dealer Limited A/B1- 801, Marathon Innova, Marathon Next Gen Compound, Lower Parel (W), Mumbai - 400013, Maharashtra Website: www.stcipd.com Business Profile STCI Primary Dealer Ltd (STCI-PD) was incorporated in Oct 2006 as a wholly owned subsidiary of Securities Trading Corporation of India. The core activities of STCI-PD include underwriting, bidding, market making and trading in government securities, treasury bills and other fixed income securities. STCI-PD plays an active role in both SLR and non-SLR segments of the debt market. The company also runs a proprietary portfolio comprising of GoI
dated securities including floating rate bonds, inflation indexed bonds GoI special bonds, state development loans, treasury bills, corporate bonds, commercial papers, certificates of deposits etc. As a primary dealer, it also participates and trades in STRIPS, interest rate derivatives. In 2015, the company commenced dealing in equity and equity F&O market on proprietary basis.
Dun & Bradstreet D-U-N-S® No 67-611-1089 Financials (` mn) 3,440.4
Total Income
77.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(16.8)
NP Growth (y-o-y)
(90.3) 2.2
NPM (As on Mar 31, 2016)
Stock Holding Corporation of India Limited 301, Centre Point, Dr. Babasaheb Ambedkar Road, Parel, Mumbai - 400012, Maharashtra Website: www.stockholding.co.in Business Profile Stock Holding Corporation of India Ltd (SHCIL) was incorporated in 1986 and is a subsidiary of IFCI. It was jointly promoted by leading banks and financial institutions viz, IFCI Ltd, SU-UTI, LIC, GIC, NIA, NIC, UIC, and TOICL. SHCIL’s main business is to provide custodial/depository participant and estamping services to its clients. SHCIL also provides derivatives clearing, PF fund accounting, distribution of mutual funds, capital market instruments, life and non-life insurance 76
policies, online net trading, loan against shares, Western Union Money Transfer & E-stamping among others. As on Mar 2016, it had two wholly owned subsidiaries namely; SHCIL Services Ltd (SSL) and StockHolding Document Management Services Ltd (SDMS).
Dun & Bradstreet D-U-N-S® No 86-388-2125 Financials (` mn) Total Income
2,927.7 522.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(2.7)
NP Growth (y-o-y)
(21.2)
NPM (As on Mar 31, 2016)
17.9
India’s Leading BFSI Companies 2017
Sundaram BNP Paribas Home Finance Limited No.21, Patullos Road, Chennai - 600002, TN Website: www.sundarambnpphome.in Business Profile Sundaram BNP Paribas Home Finance Ltd (SBPHFL) was incorporated in 1999 as Sundaram Home Finance Limited (SHFL), a subsidiary of Sundaram Finance Ltd. (SFL) and registered with National Housing Bank as a housing finance company. In 2007 SFL and Union de Credit pour le Batiment, a wholly-owned subsidiary of BNP Paribas, France, signed a strategic partnership in offering housing finance in India through SHFL and its name was changed to the current
SBPHFL. The company’s loan products include home loans, extension loans, improvement loans, land loans, NRI loans and loans to professionals. During FY16 SBPHFL’s total loan disbursement was ` 17.43 bn; of these ` 150 mn were disbursed to Affordable Housing Finance Companies through “Line of Credit (LOC)”. It also securitized a total of ` 126.3 mn loans.
Dun & Bradstreet D-U-N-S® No 91-517-9758 Financials (` mn) Total Income
9,272.6
Net Profit
1,527.2 Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y)
(2.8) 4.3 16.5
NPM (As on Mar 31, 2016)
Sundaram Finance Limited 21, Patullos Road, Chennai - 600002, TN Website: www.sundaramfinance.in Business Profile Sundaram Finance Ltd (SFL) was formed in 1954 and promoted by TVS Group with an objective of financing commercial vehicles and passenger cars which was converted into a public limited company in 1972. Presently SFL is listed on the National Stock Exchange and it is a deposit taking non banking finance company. SFL provides commercial vehicle, car, tractor, construction equipment and tyre finance. Besides financing, the company through its subsidiaries is
present in general insurance, mutual funds, housing finance, business process outsourcing, information technology solutions, fleet cards and retail distribution of financial services and products. As on Mar 31, 2016 the company had 569 branches across the country and the gross receivables managed by the company stood at ` 206.99 bn and total deposits outstanding were ` 22.46 bn.
Dun & Bradstreet D-U-N-S® No 85-800-5263 Financials (` mn) 24,750.2
Total Income
4,772.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
4.5 5.1 19.3
NPM (As on Mar 31, 2016)
Sustainable Agro-commercial Finance Limited 1st Floor, 7, Kumtha Street, Ballard Estate, Mumbai -400001, Maharashtra Website: www.safl.in Business Profile Sustainable Agro-commercial Finance Ltd (SAFL) was incorporated in February 2011 and promoted by Jain Irrigation Systems Ltd. International Finance Corporation (IFC) Washington is an anchor shareholder and Mandala Capital AG Ltd became the shareholder of the company on March 32, 2015.SAFL got the approval from RBI in July 2012 to undertake activities of NBFC. SAFL provides finance for agriculture, farmers and small businesses in rural and semi-urban
areas in India. SAFL’s products includes micro irrigation system financing, finance for lift irrigation system, agri- project financing, third party tie ups, farm equipment financing, dairy/ cattle financing, solar product financing, short term loan for business and short term crop loan. The company operates through 67 offices across Maharashtra, Karnataka and Madhya Pradesh.
Dun & Bradstreet D-U-N-S® No 65-068-5584 Financials (` mn) 369.1
Total Income
63.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
51.0
NP Growth (y-o-y)
268.6 17.2
NPM (As on Mar 31, 2016)
Tata Capital Financial Services Limited One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra Website: www.tatacapitalfinancialservices.com Business Profile Tata Capital Financial Services Ltd (TCFSL) is a subsidiary of Tata Capital Ltd. It is a systemically important non deposit accepting non banking financial company registered with RBI. TCFSL’s products are offered under the Tata Capital brand and include fund and fee-based financial services. TCFSL’s product portfolio is divided into corporate finance, consumer finance, rural finance and Tata Cards. The corporate finance unit includes commercial finance, infrastructure
finance and leasing services. Consumer finance products include car and two wheeler and commercial loans, personal and business loans, consumer durables and loans against property, securities. The company’s rural finance services are offered through 40 branches located in 13 states. TCFSL markets the Tata Card which is a white label credit card issued operated and serviced by the State Bank of India.
Dun & Bradstreet D-U-N-S® No 86-009-7272 Financials (` mn) Total Income
34,713.4 2,657.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
13.2
NP Growth (y-o-y)
41.9
NPM
7.7
(As on Mar 31, 2016)
77
India’s Leading BFSI Companies 2017
Tata Capital Housing Finance Limited One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra Website: www.tatacapitalhfl.com Business Profile Tata Capital Housing Finance Ltd (TCHFL) incorporated in 2008, is a wholly owned subsidiary of Tata Capital Ltd which is registered with the National Housing Bank as a housing finance company. TCHFL offers home loans, loans against property and rural and affordable housing finance. The company’s home loans include loans for houses, plots and construction, improvement and extension of homes. Loans against property include land purchases,
construction and project finances to developers amongst other products. TCHFL’s rural housing segment is focused on providing affordable housing in Tier II and Tier III cities, semi-rural areas and the urban poor segment. It has nearly 50 branches located in offering services to this segment. During FY16 TCHFL disbursed mortgage loans amounting to ` 65.32 bn which included housing loans of ` 39.36 bn.
Dun & Bradstreet D-U-N-S® No 91-576-5816 Financials (` mn) 12,654.5
Total Income
1,126.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
39.0
NP Growth (y-o-y)
65.8 8.9
NPM (As on Mar 31, 2016)
Tata Cleantech Capital Limited One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra Website: www.tatacleantechcapital.in Business Profile Tata Cleantech Capital Ltd (TCCL) is a joint venture between Tata Capital Ltd and International Finance Corporation, Washington D.C., USA, in the ratio of 80.50:19.50. TCCL was registered with the RBI as an Infrastructure Finance Company, on October 15, 2015. The company offers end to end business solutions in the clean technology space. TCCL identifies, evaluates & funds projects in renewable energy (solar, wind, small hydro, biomass etc), energy
efficiency and water treatment sectors. The company is catering to nearly 40 clients for financial and advisory services. TCCL has funded over 2 GW renewable energy projects. During FY16, the company disbursed Loans amounting to ` 9.8 bn - representing an increase of over 65% over the previous year. TCCL’s loan portfolio stood at ` 12.2 bn on FY16 - representing an increase of 82%.
Dun & Bradstreet D-U-N-S® No 87-395-5337 Financials (` mn) 1,049.2
Total Income
274.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
268.8
NP Growth (y-o-y)
323.3 26.2
NPM (As on Mar 31, 2016)
Tata Investment Corporation Limited Elphinstone Building, 10 Veer Nariman Road, Mumbai - 400001, Maharashtra Website: www.tatainvestment.com Business Profile Tata Investment Corporation Ltd (TICL) was established in 1937 as The Investment Corporation of India Ltd. a closely held company which subsequently converted to a public limited company in 1959. Promoted by Tata Sons, TICL’s business activities include investing in long term investments in listed and unlisted equity shares, debt instruments and equity related securities of companies. A majority of the company’s income is from dividend, interest and profit on
sale of investments. TICL and its subsidiary Simto Investment Company Ltd. are non-banking financial companies registered with the RBI as investment companies. As on Mar 31, 2016 TICL equity and bond investment portfolio included 110 companies with almost 24% being invested in industrial and infrastructure and its net book value of investments stood at ` 21.98 bn.
Dun & Bradstreet D-U-N-S® No 86-453-2342 Financials (` mn) Total Income
2,520.7
Net Profit
2,026.1 Growth and Profitability (%)
TI Growth (y-o-y)
9.1
NP Growth (y-o-y)
8.6 80.4
NPM (As on Mar 31, 2016)
Tata Motors Finance Limited I-Think Techno Campus Building A, 2nd Floor, Off Pokhran Road No.:- 2, Thane (West) - 400601, Maharashtra Website: www.tmf.co.in Business Profile Tata Motors Finance Ltd (TMFL) was incorporated in 2003 as a virtual company for financing vehicles manufactured by Tata Motors. In 2005 TMFL’s status changed to become a wholly owned subsidiary of Tata Motors Ltd (TML) which in 2006 was registered as a non deposit accepting or holding non banking financial company with RBI. TMFL provides vehicle finance including passenger and commercial vehicles which are manufactured by TML. In 78
March 2015 TMFL underwent a business restructuring as part of which its manufacturer guaranteed business and its book and used vehicle finance business and its book was transferred to a new formed subsidiary Tata Motors Finance Solutions Limited (TMFSL). During FY16 TMFL acquired Sheba Properties Limited (SPL) a non banking financial company registered with RBI making it a wholly owned subsidiary of TMFL.
Dun & Bradstreet D-U-N-S® No 85-800-0449 Financials (` mn) Total Income
25,392.4 956.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(7.6)
NP Growth (y-o-y)
(47.1)
NPM (As on Mar 31, 2016)
3.8
India’s Leading BFSI Companies 2017
Tata Motors Finance Solutions Limited 10th Floor, 106 A & B, Maker Chambers III, Nariman Point, Mumbai - 400021, Maharashtra Business Profile Tata Motors Finance Solutions Ltd (TMFSL) is registered NBFC with RBI since December 2003. In January 2015, the company became a wholly owned subsidiary of Tata Motor Finance Ltd and subsequently on June 2015, the company was changed from private limited company to public limited company. The company disbursed under refinances ` 1.5 bn during FY16. In March 2015, as a part of the business restructuring of Tata Motors Finance Limited, it acquired the
company’s manufacturer guaranteed business and its book and used vehicle finance business and its book.
Dun & Bradstreet D-U-N-S® No 86-031-2389 Financials (` mn) 6,341.9
Total Income
77.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
3,170,850.0
NP Growth (y-o-y)
(126.4) 1.2
NPM (As on Mar 31, 2016)
Tourism Finance Corporation of India Limited IFCI Tower, 61 Nehru Place, New Delhi - 110019, Delhi Website: www.tfciltd.com Business Profile Tourism Finance Corporation of India Ltd (TFCI) incorporated in 1989, is a financial institution promoted by IFCI Ltd, banks and entities of All India Financial Institutions. TFCI is a specialised financial institution registered as non banking financial company (NBFCND-SI) with RBI. TFCI’s business activities include supporting tourism infrastructure in the country by providing financial assistance on long term basis to tourism related projects. TFCI’s loan
products include rupee loan, subscription to equity, debentures and corporate loans to hotel projects, amusement parks, ropeways, multiplexes, restaurants amongst others. The company has diversified its business within the scope of its activities to include financing infrastructure, real estate and construction projects. During FY16 the company totally disbursed ` 4479.1 mn loans which include ` 3805.6 mn were for projects and ` 673.5 mn towards investments in mutual funds.
Dun & Bradstreet D-U-N-S® No 91-562-8913 Financials (` mn) 1,856.5
Total Income
536.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(1.3)
NP Growth (y-o-y)
(10.9) 28.9
NPM (As on Mar 31, 2016)
Ujjivan Financial Services Limited Grape Garden, 3rd A Cross, 6th Block, Koramangala, Bengaluru - 560095, Karnataka Website: www.ujjivan.com Business Profile Ujjivan Financial Services Ltd (Ujjivan), erstwhile Ujjivan Financial Services Pvt Ltd, commenced operations in 2005 as a NBFC. It got listed on BSE and NSE in May 2016 and acquired its present name. Ujjivan is a microfinance institution which provides financial services to economically active poor customers. Ujjivan operates under two categories namely; group loans and individual loans. The group loans segment offers business loan, family loan,
agriculture & allied loan, emergency loan and education loan; while individual loans include; home improvement loan, higher education loan, individual agriculture loan, secured business loan and livestock loan. As per its FY16 annual report, its network comprised of 469 branches in 24 states & UTs, catering to over three million customers. During the same period, its group loans segment accounted for nearly 88% of its overall lending portfolio.
Dun & Bradstreet D-U-N-S® No 67-594-2533 Financials (` mn) 10,276.1
Total Income
1,772.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
67.9
NP Growth (y-o-y)
133.8 17.2
NPM (As on Mar 31, 2016)
Vistaar Financial Services Private Limited Plot No 59 & 60- 23,22nd Cross, 29th Main, BTM 2nd Stage, Bengaluru - 560076, Karnataka Website: www.vistaarfinance.com Business Profile Vistaar Financial Services Pvt Ltd (Vistaar) was incorporated in April 2010 with its presence in Karnataka and Tamil Nadu. In FY12, the company launched small business mortgage loans and small business Hypothecation Loans. In FY16, Vistaar launched two new products bill discounting and equipment finance. Vistaar supported around 79, 000 business in FY16 against 55,000 business in FY15. Till FY16, the company has financed nearly 125,000
small businesses. As of FY16, 78% of Women entrepreneurs and 97% small businesses from rural & semi-urban areas. The company disbursed ` 6 bn in FY16 as compared to ` 4.3 bn in FY15. As of March 31 2016, the company had 198 branches spread across 12 states.
Dun & Bradstreet D-U-N-S® No 86-031-2390 Financials (` mn) Total Income
1,940.5 249.2
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
78.9
NP Growth (y-o-y)
75.6
NPM
12.8
(As on Mar 31, 2016)
79
India’s Leading BFSI Companies 2017
Weizmann Forex Limited Empire House, 214, Dr D. N. Road, Ent. A. K. Nayak Marg, Fort, Mumbai - 400001, Maharashtra Website: www.weizmannforex.com Business Profile Weizmann Forex Ltd (WFL) incorporated in 1985 is a Principal Agent of Western Union Financial Services, USA (WU) for transferring money and registered with RBI as an Authorized Dealer category II for its core business of money changing. WFL also provides services in the travel, tourism, telecom and insurance segments. It supports the development of green energy directly through its associate companies and indirectly invests through special purpose
companies. As on Mar 31, 2016 WFL had a sub agency network of more than 53,000 outlets across the country which included nearly 40 banks - private and PSU, almost 30 financial institutions and 10,000 retail agents. During DY16 WFL’s money transfer business activity garnered total income of ` 1133.8 mn while its money changing activity’s turnover stood at ` 46.51 bn during the year.
Dun & Bradstreet D-U-N-S® No 91-848-1508 Financials (` mn) 47,889.7
Total Income
218.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
7.2
NP Growth (y-o-y)
17.4 0.5
NPM (As on Mar 31, 2016)
xyz xyz Business Profile
Dun & Bradstreet D-U-N-S® No 00-000-0000
xyz
Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
xyz xyz Business Profile
Dun & Bradstreet D-U-N-S® No 00-000-0000
xyz
Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
xyz xyz Business Profile
Dun & Bradstreet D-U-N-S® No 00-000-0000
xyz
Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
80
Need for effective data governance
Increased customer attrition
Huge investment in infrastructure
Data in silos across channels
CHALLENGES FACED BY BANKS
Dun & Bradstreet D-U-N-S® No
Net Profit
TI Growth (y-o-y)
Growth and Profitability (%)
NP Growth (y-o-y)
(As on Mar 31, 2016)
NPM
Enhance overall customer experience
Total Income
Net Profit
(As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No
Dun & Bradstreet D-U-N-S® No Financials (` mn)
TI Growth (y-o-y)
Growth and Profitability (%)
NP Growth (y-o-y)
(As on Mar 31, 2016)
NPM
Dun & Bradstreet D-U-N-S® No Financials (` mn)
Total Income
Net Profit
TI Growth (y-o-y) Growth and Profitability (%)
NP Growth (y-o-y)
Financials (` mn)
Drive big value through next best action
Unlock the Power of Big Data with Datamorphix at datamorphix.com
Only 10% of banks use prescriptive analytics
Total Income
datamorphix.com
Improve risk control and prevent frauds
Identify new cross-sell / up sell opportunities
NPM
Total Income
Net Profit
Detect and mitigate fraud and risks
Detect and mitigate fraud and risks
Optimize data management costs
Reduce churn through deep insights on customer behavior
Optimize data management costs
Benefits offered by Datamorphix for Banks
ata into Dollar ?
A Big Analytics Platform - Datamorphix
How Can Banks Turn
Embrace Datamorphix and be a Game Changer
India’s Leading BFSI Companies 2017
Financials (` mn)
Growth and Profitability (%)
TI Growth (y-o-y)
NP Growth (y-o-y)
(As on Mar 31, 2016)
NPM
81
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
Dun & Bradstreet D-U-N-S® No
Benefits of Datamorphix
Benefits of Datamorphix
(As on Mar 31, 2016)
Financials (` mn)
Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM
(As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
82
India’s Leading BFSI Companies 2017
Total Income Listing
India’s Leading BFSI Companies 2017 Sr No
Company Name
Total Income (` mn)
1
ICICI Securities Limited
11,235.6
2
Kotak Securities Limited
9,745.7
3
Axis Securities Limited
5,618.9
4
Motilal Oswal Securities Limited
5,505.1
5
India Infoline Limited
4,819.2
6
Edelweiss Securities Limited
4,168.9
7
HDFC Securities Limited
4,016.0
8
Axis Capital Limited
3,541.3
9
Geojit Financial Services Limited
2,363.7
10
SMC Global Securities Limited
2,290.0
11
Edelweiss Broking Limited
1,641.0
12
Reliance Securities Limited
1,415.3
13
Aditya Birla Money Limited
1,183.8
14
Indiabulls Ventures Limited
1,045.2
15
Emkay Global Financial Services Limited
950.6
16
Religare Capital Markets Limited
620.6
17
BLB Limited
616.8
18
IDFC Securities Limited
543.2
19
SHCIL Services Limited
384.7
85
India’s Leading BFSI Companies 2017
Aditya Birla Money Limited Indian Rayon Compound, Veraval - 362266, Gujarat Website: www.adityabirlamoney.com Business Profile Aditya Birla Money Ltd (Aditya Birla Money) formerly known as Apollo Sindhoori Capital Investments was incorporated in 2000. In 2009, the company became part of Aditya Birla Group and diversified its operations into broking business. The company deals into equity and derivatives market through BSE and NSE and in currency derivatives through MSEI. Aditya Birla Money is registered as a DP with NSDL and CDSL. It also provides commodity trading
on MCX and NCDEX through its subsidiary company, Aditya Birla Commodities Broking Ltd. Further, it is engaged in wealth management and distribution of third party products like company deposits, MFs, insurance, structured products, alternate investments, and property services through Aditya Birla Money Mart Ltd. The company operates a PAN India network of more than 1,000 self - owned and franchisee branches.
Dun & Bradstreet D-U-N-S® No 65-093-1053 Financials (` mn) 1,183.8
Total Income
12.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(0.3)
NP Growth (y-o-y)
(83.1) 1.0
NPM (As on Mar 31, 2016)
Axis Capital Limited Axis House, C Wing, C-2 Wadia International Centre, Worli, Mumbai - 400025, Maharashtra Website: www.axiscapital.co.in Business Profile Axis Capital Ltd (Axis Capital), a subsidiary of Axis Bank Ltd, was formerly known as Enam Securities Pvt Ltd. Axis Capital is engaged in three lines of businesses namely; investment banking, institutional broking, and investment solutions. Under institutional broking business, it caters to Financial Institutions, MFs, FIIs and HNIs. The investment banking business is involved in advisory, buy-backs, blocks, delisting, IPOs, M&A, QIP, rights offerings/structured
financing, PE among others. Under investment solutions, it mainly offers equity, fixed income and alternate products such as MFs, bonds, FDs, PMS, real estate among others. As per the annual report for FY16, the institutional equities business of the company added 10 new accounts; while investment banking business completed 74 transactions.
Dun & Bradstreet D-U-N-S® No 86-024-4943 Financials (` mn) Total Income
3,541.3
Net Profit
1,275.8 Growth and Profitability (%)
TI Growth (y-o-y)
10.9
NP Growth (y-o-y)
18.2
NPM
36.0
(As on Mar 31, 2016)
Axis Securities Limited Axis House, 8th Floor, Wadia International Centre Pandurang Budhkar Marg, Worli Mumbai Mumbai City MH 400025 IN Website: www.axissecurities.in Business Profile Axis Securities Ltd (ASL), a part of the Axis Group, was incorporated in 2006. The company is engaged in offering a wide spectrum of financial solutions as distributors of Axis Bank’s products. Some of its offerings include; equities, derivatives, SIPs, NCDs, Bonds And Company FDs, IPOs, MFs, ETFs and tax planning among others. It has memberships of the cash and derivative market segments of BSE, NSE and MSEI. ASL offers retail broking and other
investment services under the brand name AxisDirect. As per the company annual report, customer acquisition in FY16 stood at 3.17 lacs as compared to 2.38 lacs in the previous year. During the same period, it contributed more than 60% to the overall retail assets business of Axis Bank Ltd and operated more than 80 branches across the country in 2016.
Dun & Bradstreet D-U-N-S® No 65-072-5463 Financials (` mn) 5,618.9
Total Income
356.8
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
23.5 (19.0) 6.3
NPM (As on Mar 31, 2016)
BLB Limited SCO No. 22, Spring Field Colony Extn No. 1, Near Sector 31-32, Faridabad - 121003, Haryana Website: www.blblimited.com Business Profile BLB Ltd (BLB), the flagship company of BLB Group is one of the leading broking houses catering to the equity and derivative markets in India. BLB was incorporated in 1981 and is listed on both the NSE and BSE and also holds membership of MSEI. The company has been a specialist in Jobbing & Arbitrage services, offering microsecond arbitrage, high frequency trading and investments. It has diversified business interests in real estate and commodity 86
trading segments through subsidiary companies. Its subsidiary, BLB Commodities Ltd offers commodity trading services. It holds membership under MCX, NCDX, and NSEL for commodity trading.
Dun & Bradstreet D-U-N-S® No 86-031-2360 Financials (` mn) Total Income
616.8 7.6
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(79.5)
NP Growth (y-o-y)
1.3
NPM
1.2
(As on Mar 31, 2016)
India’s Leading BFSI Companies 2017
Edelweiss Broking Limited Edelweiss House, Off C.S.T. Road, Kalina, Mumbai - 400098, Maharashtra Website: www.edelweiss.in Business Profile Edelweiss Broking Limited (Edelweiss Broking) is a subsidiary of Edelweiss Financial Services Ltd. It started its broking business in 2008, and acquired BSE membership in 2015, and also a member of MCX Stock Exchange Ltd. The company operates in equity, derivatives, mutual fund and currency derivatives since it started its broking business. The company also acts as a DP with NSDL activity under the same entity. It offers products such as distribution of financial
products like mutual funds, equity cash, equity derivatives, currency derivatives, commodity derivatives and fixed income.
Dun & Bradstreet D-U-N-S® No 65-075-8118 Financials (` mn) 1,641.0
Total Income
134.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
15.1
NP Growth (y-o-y)
117.5 8.2
NPM (As on Mar 31, 2016)
Edelweiss Securities Limited MB Towers, 2nd Floor, Plot No. 5, Road No. 2, Banjara Hills, Hyderabad - 500034, AP Website: www.edelweissfin.com Business Profile Edelweiss Securities Ltd (Edelweiss), a Mumbai based stock broking firm, is a part of Edelweiss Group. The company operates in equity cash market, equity derivatives, currency futures and debt market segments. Other services offered by the company includes demat services, research services, and distribution of financial products like mutual funds, IPO amongst others. Edelweiss has membership in equity cash and derivative segments of NSE and in cash segment
of BSE. The company also has membership in NSE currency F&O market segment. It also acts as a DP with CDSL. The company facilitates commodity trading through its associate entity, Edelweiss Commodities Services Ltd which is a member of MCX and NCDEX.
Dun & Bradstreet D-U-N-S® No 85-895-0428 Financials (` mn) 4,168.9
Total Income
150.9
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
3.9 (22.5) 3.6
NPM (As on Mar 31, 2016)
Emkay Global Financial Services Limited 7th Floor, The Ruby Tower, Senapati Bapat Marg, Dadar (W), Mumbai - 400028, Maharashtra Website: www.emkayglobal.com Business Profile Emkay Global Financial Services Ltd (Emkay Global) was incorporated in 1996 and was listed in the year 2006. The company is a member of cash and derivative market segments of both the NSE and BSE. Emkay Global operates through five different verticals namely institutional equities, wealth management, PMS, investment banking and insurance business. Additionally, it also offers commodities, currency derivatives, insurance and retail broking services. The
company is a registered DP with CDSL for providing depository services. Emkay Global caters to both institutional and non-institutional clients through its wide spread network of more than 241 outlets across the country. As per the FY16 annual report, its client base stood at 270 institutional and 105,593 non-institutional clients; while active DP accounts stood at 86553.
Dun & Bradstreet D-U-N-S® No 85-955-4980 Financials (` mn) 950.6
Total Income
98.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(8.4)
NP Growth (y-o-y)
(38.5) 10.3
NPM (As on Mar 31, 2016)
Geojit Financial Services Limited 34 / 659 - P, Civil Line Road, Padivattom, Kochi - 682024, Kerala Website: www.geojit.com Business Profile Geojit Financial Services Ltd (Geojit) started its broking business in 2009. The products and services offered by the company include; equities, derivatives, currency futures, margin trading, PMS, custody accounts, MF, property services, IPOs, life & general Insurance and third party fixed deposits among others. It has partnership with Bajaj Alliance General Insurance Company for general insurance business. It also provides commodity trading
services through its group firm Geofin Comtrade Ltd. Geojit acts as a DP with NSDL and CDSL to provide demat services to their clients. As per the annual report, the company had 511 offices with new client enrolment reaching to 94,600 in FY16. During the same period, it acquired more than 82,000 depository accounts.
Dun & Bradstreet D-U-N-S® No 65-075-8126 Financials (` mn) Total Income
2,363.7 356.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(18.3)
NP Growth (y-o-y)
(47.3)
NPM
15.1
(As on Mar 31, 2016)
87
India’s Leading BFSI Companies 2017
HDFC Securities Limited 8th Flr, Building - B, I Think Techno Campus, Kanjurmarg, Mumbai - 400042, Maharashtra Website: www.hdfcsec.com Business Profile HDFC Securities Ltd (HDFC Securities) incorporated in 2000, is a subsidiary of HDFC Bank. The company is one of a leading financial service provider operating in cash and derivative segments of both the NSE and BSE. The company also operates into various segments such as equity & IPO, MFs, F&O, currency derivatives, national pension system, NRI offerings, PMS, insurance, FDs & bonds, loans and realty among others. In addition, it
also offers a bouquet of value added services including; SMS Insta, BLINK, Knowledge center, e-Tax filing, credila and e-Will among others. The company caters to a diverse customer base of retail and institutional investors. As per the FY16 annual report, the company operated through a network of 262 branches across 189 cities in the country.
Dun & Bradstreet D-U-N-S® No 65-051-7506 Financials (` mn) Total Income
4,016.0
Net Profit
1,333.4 Growth and Profitability (%)
TI Growth (y-o-y)
(3.7)
NP Growth (y-o-y)
(19.2) 33.2
NPM (As on Mar 31, 2016)
ICICI Securities Limited ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, Maharashtra Website: www.icicisecurities.com Business Profile ICICI Securities Ltd (ICICI Securities), incorporated in 1995, is a wholly owned subsidiary of ICICI Bank. The company offers a wide range of services including investment banking, institutional broking, retail broking, private wealth management, and financial product distribution. It is a member of cash and derivative markets of NSE and BSE. ICICI Securities retail product portfolio includes equity, derivatives, currency futures, MFs, and
other value added services including; fixed deposits, loans, tax services, new pension systems and insurance. The company has retail customer account base of over 4 mn with panIndia distribution networks of over 200 stores spread across 66 cities & towns in India. Some of the new initiatives launched by the company in FY16 include; Insta Account, Bullet Trade and Track & Act among others.
Dun & Bradstreet D-U-N-S® No 67-624-3548 Financials (` mn) 11,235.6
Total Income
2,357.4
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(7.1)
NP Growth (y-o-y)
(3.4)
NPM
21.0
(As on Mar 31, 2016)
IDFC Securities Limited Naman Chambers, C-32, G-Block, BKC, Bandra (East), Mumbai - 400051, Maharashtra Website: www.idfc.com Business Profile IDFC Securities Ltd (IDFC Securities) is an investment banking division of IDFC Ltd and was incorporated in 1993. The company operates in the cash and derivative segments of both NSE and BSE. It is also registered as a Category 1 merchant banker with SEBI, assisting clients in IPOs, Follow-On Public Offerings, Rights Issues, Qualified Institutional Placements, Preferential Allotments, AIM Listings, Foreign Currency Convertible Bonds and GDR issues. It
also operates in the private equity syndication and M&A businesses. It also offers customized financial advisory and solutions. The company caters to over 1,800 entities/funds across geographies, which include major FIIs, Insurance companies, Mutual Funds, Hedge Funds, Private Equity Funds and Banks.
Dun & Bradstreet D-U-N-S® No 91-657-8861 Financials (` mn) Total Income
543.2
Net Profit
148.5 Growth and Profitability (%)
TI Growth (y-o-y)
(28.6)
NP Growth (y-o-y)
(64.5) 27.3
NPM (As on Mar 31, 2016)
India Infoline Limited IIFL House, Sun Infotech Park, Road No. 16V, Plot No B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane - 400604, Maharashtra Website: www.indiainfoline.com Business Profile India Infoline Ltd (India Infoline), a part of IIFL Group was incorporated in the year 2000. India Infoline has membership in the cash and derivative segments of both the NSE and BSE. The company acts as a DP with NSDL and CDSL. Besides trading in equity and derivatives, the company offers basket of products such as debt, currency derivatives, merchant banking, portfolio management services, research services and distribution of financial products 88
like mutual funds and IPO among others. The company facilitates commodity broking through India Infoline Commodities Ltd which is a member of MCX and NCDEX.
Dun & Bradstreet D-U-N-S® No 65-099-6569 Financials (` mn) Total Income
4,819.2 468.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(11.7)
NP Growth (y-o-y)
(34.1)
NPM (As on Mar 31, 2016)
9.7
India’s Leading BFSI Companies 2017
Indiabulls Ventures Limited M- 62 & 63, First Floor, Connaught Place, New Delhi – 110001 Website: www.securities.indiabulls.com Business Profile Indiabulls Ventures Ltd (IBVL), formerly known as Indiabulls Securities Ltd (IBSL), received a certificate of registration from SEBI in Feb 1996 to carry on business as a stock broker. In Apr 2008, IBVL’s equity shares were listed on the NSE and BSE after the demerger from Indiabulls Financial Services Ltd. The name of the company was changed from IBSL to IBVL in Mar 2015. IBVL is a corporate member of the capital and derivative segment of the NSE, BSE and the MCX-
SX and is also a registered portfolio manager. The company is engaged in the business of stock and share broking, commodities trading, depository service, distribution of MFs/IPOs, other investments, tax planning products. It is a registered depository participant with the NSDL and CDSL.
Dun & Bradstreet D-U-N-S® No 65-091-4216 Financials (` mn) 1,045.2
Total Income
168.7
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(48.5)
NP Growth (y-o-y)
(85.7) 16.1
NPM (As on Mar 31, 2016)
Kotak Securities Limited C-27, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra Website: www.kotaksecurities.com Business Profile Kotak Securities Ltd (Kotak Securities), a subsidiary of Kotak Mahindra Bank, was incorporated in 1994. Kotak Securities is a member of cash and derivative market of NSE, BSE and MSEI. The company is a registered depository participant with CDSL and NSDL and is also a registered portfolio manager with SEBI. It also acts as a corporate agent of Kotak Mahindra Old Mutual Life Insurance Ltd. It offers a wide range of products such as trading
in stock market, investing in IPOs, mutual funds, gold ETFs, IRFs, SLB and currency derivatives. As per its annual report for FY16, the company operated through a network of 1209 outlets; while the number of registered sub brokers/ authorized persons stood at 2,013 for NSE and 1,556 for BSE.
Dun & Bradstreet D-U-N-S® No 65-082-9828 Financials (` mn) Total Income
9,745.7
Net Profit
2,506.6 Growth and Profitability (%)
TI Growth (y-o-y) NP Growth (y-o-y)
1.5 (13.4) 25.7
NPM (As on Mar 31, 2016)
Motilal Oswal Securities Limited Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 Website: www.motilaloswal.com Business Profile Motilal Oswal Securities Ltd (MOSL) is a subsidiary of Motilal Oswal Financial Services Ltd which was set up in 1987. MOSL with its subsidiaries offers a range of financial products and services such as private wealth management, retail broking and distribution, institutional broking, asset management, investment banking, PE, commodity broking and principal strategy services. It offers a range of products and services such as broking and
distribution, distribution of third party products, PMS, research and advisory among others.
Dun & Bradstreet D-U-N-S® No 87-179-7621 Financials (` mn) 5,505.1
Total Income
605.5
Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y)
1.5 (44.0) 11.0
NPM (As on Mar 31, 2016)
Reliance Securities Limited 11h Floor, R-Tech Park, Nirlon Compound, W E Highway, Goregaon (East), Mumbai - 400063, Maharashtra Website: www.rsec.co.in Business Profile Reliance Securities Ltd (Reliance Securities) is the broking arm of Reliance Capital. Reliance Securities operates in cash and derivative segments of both the NSE and BSE as well as in the currency segment of NSE and MCX-SX. The company also acts as a DP with CDSL and NSDL. It provides a variety of products like trading in equity, derivatives and currency markets, investment in mutual funds, IPOs, NCDs/Bonds, Qualified Foreign Investment (QFI) and NRI
services. It also offers secure online trading platforms such as Insta Plus and Insta Xpress along with equity research. The company has various brokerage plans like RFixed, Rmaz and RFlexi. Reliance Securities also offers wealth management and PMS. Reliance Securities caters to more than 800,000 customers; having a network with over 1000 offices across India.
Dun & Bradstreet D-U-N-S® No 87-181-1598 Financials (` mn) Total Income
1,415.3
Net Profit
(745.9) Growth and Profitability (%)
TI Growth (y-o-y)
(3.3)
NP Growth (y-o-y)
366.2
NPM
(52.7)
(As on Mar 31, 2016)
89
India’s Leading BFSI Companies 2017
Religare Capital Markets Limited D3, P3B, District Centre, Saket, New Delhi - 110017, Delhi Website: www.religarecm.com Business Profile Religare Capital Markets Ltd (RCML), a subsidiary of Religare Enterprises Ltd, was incorporated in Feb 2007. RCML is a licensed broker and a full service investment banker. The company operates in the cash and derivative segments of both NSE and BSE. Its range of services under investment banking include equity capital markets, corporate finance and private financing services; while its institutional equities operations include equity research,
sales and execution in emerging market equities. The company has presence in several emerging markets and global financial centres such as Singapore, Hong Kong and London through its subsidiary companies. The company caters to over 450 institutional investors with an active coverage of over 150 stocks across 16 sectors.
Dun & Bradstreet D-U-N-S® No 86-031-2384 Financials (` mn) 620.6
Total Income
(106.1)
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
25.6
NP Growth (y-o-y)
(32.2)
NPM
(17.1)
(As on Mar 31, 2016)
SHCIL Services Limited SHCIL House, Plot No.P-51, TTC Industrial Area, MIDC, Mahape, Navi Mumbai - 400710, Maharashtra Website: www.shcilservices.com Business Profile SHCIL Services Ltd (SSL), incorporated in 1995, is a broking arm of Stock Holding Corporation of India Ltd (SHCIL) and has been engaged in the business of broking and advisory services since 2006. As of Mar 2014, SSL is a subsidiary of IFCI Ltd. The company offers services in cash and F&O segments of BSE and NSE and currency derivatives segments of NSE. It has works in institutional segments comprising of leading domestic institutional investors, including
mutual funds, insurance companies, banks and other financial institutions.
Dun & Bradstreet D-U-N-S® No 86-379-3874 Financials (` mn) 384.7
Total Income
60.1
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(18.6)
NP Growth (y-o-y)
(33.3) 15.6
NPM (As on Mar 31, 2016)
SMC Global Securities Limited 11/6B, Shanti Chamber, Pusa Road, New Delhi – 110005, Delhi Website: www.smcindiaonline.com Business Profile SMC Global Securities Ltd (SMC) was established in the year 1990. SMC is the member of NSE, BSE and the MCX-SX in cash and derivative segments. The company is a registered depository participant (DP) of both CDSL and NSDL. It offers a wide range of financial services which includes; trading in cash and derivatives, commodities and currency as well as investment banking, wealth management, distribution of third party financial products such as insurance,
MFs, bonds, FDs and IPOs among others. SMC also provides services like research, financing, depository services, insurance broking and clearing services and real estate advisory services. It services its clients through a network of more than 2400 sub-brokers and authorised persons across 550+ cities including overseas presence in Dubai, New York, Atlanta & Orlando.
Dun & Bradstreet D-U-N-S® No 85-835-9949 Financials (` mn) 2,290.0
Total Income
86.0
Net Profit Growth and Profitability (%) TI Growth (y-o-y)
(5.2)
NP Growth (y-o-y)
(60.1) 3.8
NPM (As on Mar 31, 2016)
xyz xyz Business Profile
Dun & Bradstreet D-U-N-S® No 00-000-0000
xyz
Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
90
India’s Leading BFSI Companies 2017
Bajaj Allianz General Insurance
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income
Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE, the world’s leading insurer and asset manager, and Bajaj Finserv Limited, one of India’s largest and most diversified non-bank financial institution. The company received its certificate of registration from IRDA on 2nd May 2001 to conduct general insurance business in India. Bajaj Allianz General Insurance, today, is one of the largest private insurers in the industry, with physical and virtual offices in over 1,000 towns and cities. The company has been constantly expanding its operations to reach out to its customers. Bajaj Allianz General Insurance caters to individuals across India’s demographics and the corporate sector with its wide range of products and services that go beyond insurance. The company is not only bringing insurance solutions to the customers’ doorstep, but also improving insurance penetration, with its advanced digital and mobile applications. Today, through its digital offices, it has reached out to 800 new Tier-II and Tier-III towns across India. It is also growing the footprint of personal lines of insurance through its All Women branches. Known for its claim
and customer service levels, Bajaj Allianz has received iAAA rating from ICRA for 11 consecutive years, which indicates the company’s highest claims paying ability and a fundamentally strong position. The company has a strong focus on customer centricity, and aims at delivering superior value with an excellent and caring experience for the customer. Today, the company is taking its relationships with the customers beyond insurance, by offering them a plethora of value added services beyond insurance. It is a one stop shop for a customer’s day-to-day concerns. The company reaffirmed its strong financial position in the industry by being the most profitable private insurer in the industry in FY16. The company posted profit after tax of ` 564 crore, despite huge claims due to the Chennai floods. The turnover for the period stood at ` 5,901 crore.
Net Profit
prudent underwriting norms, risk Growth and Profitability (%) based pricing and sound financial TI Growth (y-o-y) position. NP Growth (y-o-y) NPM
Bajaj (As on MarAllianz 31, 2016) General Insurance has embraced on digitalization as a primary enabler and has been working continuously on automation and digitization of its offerings. Dunservice & Bradstreet D-U-N-S® It No offers real time solution to its(`customers and Financials mn) partners Total Income via mobile applications Net Profit and dedicated portals. Several of Growth and Profitability (%) the company’s initiatives, such TI Growth (y-o-y) as cashless claim settlements, inNP Growth (y-o-y) Administration Team house Health NPM (HAT) and image-based policy as (As on Mar 31, 2016) well as claim processing, digital offices and mobile applications such as Eezee Tab and Insurance Wallet by Bajaj Allianz have benchmarks in the industry. It Dun & Bradstreet D-U-N-S® No is the first insurance company Financials (` mn) in the country to have laid the Total Income foundation for usage-based Net Profit insurance through its telematics Growth and Profitability (%) offering, Drive Smart. TI Growth (y-o-y)
NP Growth (y-o-y) NPM (As on Mar 31, 2016)
The company is the only insurer in the industry to have posted profits consistently since its inception in 2001. Bajaj Allianz also reported a healthy Combined Ratio of 99.3%, the only insurer in the GI industry to have posted a combined ratio of below 100%. This can be attributed to the company’s
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
91
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Profit Growth and Profitability (%) TI Growth (y-o-y) NP Growth (y-o-y) NPM (As on Mar 31, 2016)
92
India’s Leading BFSI Companies 2017
Total Income Listing
India’s Leading BFSI Companies 2017 Sr No
Company Name
Total Income (` mn)
1
HDFC Asset Management Company Limited
14,943.4
2
Reliance Nippon Life Asset Management Limited
12,710.1
3
ICICI Prudential Asset Management Company Limited
10,123.6
4
Birla Sun Life Asset Management Company Limited
7,565.4
5
UTI Asset Management Company Limited
7,495.8
6
SBI Funds Management Private Limited
5,524.0
7
DSP BlackRock Investment Managers Private Limited
3,867.3
8
Axis Asset Management Company Limited
3,805.4
9
IDFC Asset Management Company Limited
3,255.9
10
L&T Investment Management Limited
2,491.7
11
Kotak Mahindra Asset Management Company Limited
2,399.5
12
Sundaram Asset Management Company Limited
2,298.8
13
Motilal Oswal Asset Management Company Limited
1,850.5
14
Tata Asset Management Limited
1,443.4
15
Invesco Asset Management (India) Private Limited
998.5
16
HSBC Asset Management (India) Private Limited
935.0
17
JM Financial Asset Management Limited
856.1
18
Canara Robeco Asset Management Company Limited
843.4
19
BNP Paribas Asset Management India Private Limited
778.5
20
IDBI Asset Management Limited
471.6
21
LIC Mutual Fund Asset Management Limited
419.0
22
Mirae Asset Global Investments (India) Private Limited
409.7
23
Principal Pnb Asset Management Company Private Limited
390.3
24
Baroda Pioneer Asset Management Company Limited
380.6
95
AAUM Listing
India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017 Sr No
Company Name
*AAUM (` mn)
1
HDFC Asset Management Company Limited
1,760,845.6
2
ICICI Prudential Asset Management Company Limited
1,759,639.8
3
Reliance Nippon Life Asset Management Limited
1,593,694.9
4
Birla Sun Life Asset Management Company Limited
1,367,851.1
5
SBI Funds Management Private Limited
1,073,273.7
6
UTI Asset Management Company Limited
1,063,092.2
7
Kotak Mahindra Asset Management Company Limited
587,310.8
8
IDFC Asset Management Company Limited
522,837.9
9
DSP BlackRock Investment Managers Private Limited
401,513.1
10
Axis Asset Management Company Limited
377,645.4
11
Tata Asset Management Limited
318,622.3
12
L&T Investment Management Limited
259,448.0
13
Sundaram Asset Management Company Limited
236,637.1
14
Invesco Asset Management (India) Private Limited
195,961.8
15
JM Financial Asset Management Limited
161,609.0
16
LIC Mutual Fund Asset Management Limited
131,556.2
17
Baroda Pioneer Asset Management Company Limited
96,563.0
18
Canara Robeco Asset Management Company Limited
80,432.7
19
HSBC Asset Management (India) Private Limited
79,038.2
20
IDBI Asset Management Limited
68,926.6
21
Principal Pnb Asset Management Company Private Limited
52,810.6
22
BNP Paribas Asset Management India Private Limited
50,970.7
23
Motilal Oswal Asset Management Company Limited
46,892.1
24
Mirae Asset Global Investments (India) Private Limited
31,327.2
Note *AAUM - Average Assets Under Management for the quarter ended March 2016 Source: Association of Mutual Funds in India (AMFI)
97
India’s Leading BFSI Companies 2017
Axis Asset Management Company Limited 1st Flr, Axis House, C-2, Wadia International Centre, Worli, Mumbai - 400025, Maharashtra Website: www.axismf.com Business Profile Axis Asset Management Company Ltd (Axis AMC) was incorporated in Jan 2009 and launched its first scheme in Oct 2009. Axis AMC acts as an investment manager of Axis Mutual Fund. It offers a wide range of products across equity funds, fixed income funds, hybrid funds and gold funds. As on 31st January 2017, some of the schemes offered include, Axis Equity Fund, Axis Mid Cap Fund, Axis Focused 25 Fund, Axis Dynamic Bond Fund, Axis Constant Maturity 10
Year Fund, Axis Treasury Advantage Fund, Axis Long Term Equity Fund, Axis Enhanced Arbitrage Fund, Axis Liquid Fund, and Axis Income Fund. The company’s product suite consisted of 49 schemes and a presence in over 75 cities, catering to over 1.35 mn investor accounts.
Dun & Bradstreet D-U-N-S® No 85-904-1707 Financial Performance (` mn) 3,805.4
Total Income
316.3
Net Profit
8.3
NPM (%) AAUM (Q1)
284,532.1
AAUM (Q2)
318,691.9
AAUM (Q3)
345,634.9 377,645.4
AAUM (Q4) (As on Mar 31, 2016)
Baroda Pioneer Asset Management Company Limited 501, Titanium, Western Express Highway, Goregaon (E), Mumbai - 400063, Maharashtra Website: www.barodapioneer.in Business Profile Baroda Pioneer Asset Management Company Ltd (Baroda Pioneer AMC) was incorporated in 1992. In June 2008, Baroda Pioneer AMC entered into a JV with Italy based, Pioneer Global Asset Management S.p.A. The company acts as an investment manager to Baroda Pioneer Mutual Fund.It provides a host of equity, debt income and liquid schemes. As of 31st January 2017, some of its offerings include; Baroda Pioneer Treasury Advantage Fund, Baroda Pioneer
Income Fund, Baroda Pioneer Gilt Fund, Baroda Pioneer Dynamic Bond Fund, Baroda Pioneer Mid-Cap Fund, Baroda Pioneer Large-Cap Fund, Baroda Pioneer Balance Fund, Baroda Pioneer Growth Fund, and Baroda Pioneer Banking and Financial Services Fund among others.
Dun & Bradstreet D-U-N-S® No 67-767-8581 Financial Performance (` mn) Total Income
380.6
Net Profit
(49.3) (13.0)
NPM (%) AAUM (Q1)
72,246.5
AAUM (Q2)
95,317.9
AAUM (Q3)
92,554.2 96,563.0
AAUM (Q4) (As on Mar 31, 2016)
Birla Sun Life Asset Management Company Limited One India Bulls Centre, 17th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Maharashtra Website: www.birlasunlife.com Business Profile Birla Sun Life Asset Management Company Ltd (BSLAMC) was incorporated in Sep 1994, as the investment manager of Birla Sun Life Mutual Fund. BSLAMC is a JV between the Aditya Birla Group and the Sun Life Financial Inc. The company offers PMS, investment advisory services, equity schemes, hybrid and monthly income funds, debt and treasury products and offshore funds. It has a wide range of fund schemes for individual customers
under wealth creation, tax savings, savings and regular income. BSLAMC also provides cash management services and savings services for NRI customers. As on Jan 31, 2017, BSLAMC offered the following schemes - Birla Sun Life Frontline Equity Fund, Birla Sun Life MNC Fund, Birla Sun Life Balanced ‘95 Fund, Birla Sun Life Tax Relief’96, Birla Sun Life Top 100 Fund etc.
Dun & Bradstreet D-U-N-S® No 87-180-0836 Financial Performance (` mn) Total Income
7,565.4
Net Profit
2,094.9 27.7
NPM (%) AAUM (Q1)
1,258,007.0
AAUM (Q2)
1,336,987.9
AAUM (Q3)
1,368,449.3
AAUM (Q4) (As on Mar 31, 2016)
1,367,851.1
BNP Paribas Asset Management India Private Limited BNP Paribas House, 1, North Avenue, BKC, Bandra East, Mumbai - 400051, Maharashtra Website: www.bnpparibasmf.in Business Profile BNP Paribas Asset Management India Pvt. Ltd (BNP Paribas Asset Management) was incorporated as ABN AMRO Asset Management (India) Pvt. Ltd in 2003. In 2008, the name of the company was changed to Fortis Investment Management (India) Pvt. Ltd. In 2010, the company acquired its present name subsequent to the global acquisition of Fortis group by BNP Paribas. It acts as an investment manager to BNP Paribas Mutual Fund. The company offers 98
equity, fixed income, money market fund schemes as well as PMS. As of 31st January 2017, some of them include; BNP Paribas Mid Cap Fund, BNP Paribas Equity Fund and BNP Paribas Dividend Yield Fund, among others.
Dun & Bradstreet D-U-N-S® No 65-060-0328 Financial Performance (` mn) Total Income
778.5
Net Profit
111.9
NPM (%)
14.4
AAUM (Q1)
41,381.0
AAUM (Q2)
46,375.9
AAUM (Q3)
50,079.5
AAUM (Q4) (As on Mar 31, 2016)
50,970.7
India’s Leading BFSI Companies 2017
Canara Robeco Asset Management Company Limited Construction House, 4th Flr, 5, Ballard Estate, Mumbai - 400001, Maharashtra Website: www.canararobeco.com Business Profile Canara Robeco Asset Management Company Ltd (Canara Robeco AMC) is the investment manager of Canara Robeco Mutual Fund (CRMF). Canara Robeco AMC is a JV between Canara Bank and Robeco Groep N.V. The company offers various investment options including equity, hybrid and debt schemes as well as fund of funds and ETFs. As of 31st January 2017, some of its schemes include; Canara Robeco Emerging Equities, Canara Robeco Equity Tax Saver, Canara Robeco
India Opportunities Fund, Canara Robeco Balance, Canara Robeco Monthly Income Plan, Canara Robeco Yield Advantage Fund, Canara Robeco Treasury Advantage Fund, Canara Robeco Liquid, Canara Robeco Dynamic Bond Fund, Canara Robeco Gold Saving Fund, Canara Robeco Gold Exchange Traded Fund, Canara Robeco Infrastructure, and Canara Robeco Equity Diversified among others.
Dun & Bradstreet D-U-N-S® No 86-224-9430 Financial Performance (` mn) Total Income
843.4
Net Profit
151.9 18.0
NPM (%) AAUM (Q1)
71,773.5
AAUM (Q2)
72,986.1
AAUM (Q3)
75,178.0 80,432.7
AAUM (Q4) (As on Mar 31, 2016)
DSP BlackRock Investment Managers Private Limited Mafatlal Centre, 10th Floor, Nariman Point, Mumbai – 400021, Maharashtra Website: www.dspblackrock.com Business Profile DSP BlackRock Investment Managers Pvt. Ltd (DSPBRIM), incorporated in 1996, was formerly known as DSP Merrill Lynch Fund Managers Ltd. DSPBRIM is a JV between the DSP Group and BlackRock which operates as an AMC for the schemes of DSP BlackRock Mutual Fund. The company offers a variety of equity schemes, hybrid schemes and fixed income schemes. As of 31st January 2017, some of the active schemes of the fund comprised of Top 100 Equity Fund,
Equity Fund, Micro Cap Fund, Opportunities Fund, Equity Savings Fund, Balanced Fund, MIP Fund, Dynamic Asset Allocation Fund, Government Securities Fund, Banking and PSU Debt Fund, Income Opportunities Fund, World Mining Fund, and World Energy Fund.
Dun & Bradstreet D-U-N-S® No 87-179-8482 Financial Performance (` mn) 3,867.3
Total Income
773.6
Net Profit
20.0
NPM (%) AAUM (Q1)
372,270.1
AAUM (Q2)
384,612.0
AAUM (Q3)
391,826.7 401,513.1
AAUM (Q4) (As on Mar 31, 2016)
HDFC Asset Management Company Limited HDFC House, 2nd Flr, HT Parekh Marg, 165-166, Churchgate, Mumbai - 400020, Maharashtra Website: www.hdfcfund.com Business Profile HDFC Asset Management Company Ltd (HDFC AMC) was incorporated in Dec 1999 and acts as an AMC for the HDFC Mutual Fund. HDFC AMC acts as an investment manager to HDFC Mutual Fund. The company offers funds such as equity funds, debt funds, liquid funds and fund of funds. Under these as of 31st January 2017 the fund includes schemes such as; HDFC Equity Fund, HDFC Top 200 Fund, HDFC Mid-Cap Opportunities Fund, HDFC Prudence Fund, HDFC
Arbitrage Fund, HDFC Gilt Fund, HDFC Short Term Opportunities Fund, HDFC Short Term Plan, HDFC Income Fund, HDFC Liquid Fund, and HDFC Gold Fund.
Dun & Bradstreet D-U-N-S® No 87-130-1399 Financial Performance (` mn) 14,943.4
Total Income
4,778.7
Net Profit
32.0
NPM (%) AAUM (Q1)
1,653,346.8
AAUM (Q2)
1,711,392.9
AAUM (Q3)
1,786,662.2
AAUM (Q4) (As on Mar 31, 2016)
1,760,845.6
HSBC Asset Management (India) Private Limited Gr Floor, Mercantile Bank Chambers, 16, V N Road, Fort, Mumbai - 400001, Maharashtra Website: www.assetmanagement.hsbc.com/in Business Profile HSBC Asset Management (India) Pvt. Ltd (HSBC AMC), incorporated in Dec 2001, is a subsidiary of HSBC Securities & Capital Markets (India) Pvt. Ltd. HSBC AMC acts as the investment manager for HSBC Mutual Fund. It provides discretionary and advisory PMS to its clients. The company also offers various schemes under equity and debt products. As of 31st January 2017, some of these include HSBC Equity Fund, HSBC India Opportunities Fund, HSBC Midcap Equity Fund,
HSBC Emerging Markets Fund, HSBC Tax Saver Equity Fund, HSBC Dynamic Fund, HSBC Dividend Yield Equity Fund, HSBC Fixed Term Series, HSBC Ultra Short Term Bond Fund, HSBC Income Fund, HSBC Cash Fund, and HSBC Flexi Debt Fund.
Dun & Bradstreet D-U-N-S® No 67-550-6931 Financial Performance (` mn) Total Income
935.0
Net Profit
260.9
NPM (%)
27.9
AAUM (Q1)
85,565.9
AAUM (Q2)
85,342.3
AAUM (Q3)
83,776.3
AAUM (Q4) (As on Mar 31, 2016)
79,038.2
99
India’s Leading BFSI Companies 2017
ICICI Prudential Asset Management Company Limited 12th Floor, Narain Manzil, 23, Barakhamba Rd, New Delhi - 110001, Delhi Website: www.icicipruamc.com Business Profile ICICI Prudential Asset Management Company Ltd (IPAMC), whose principal shareholders are ICICI Bank Ltd and Prudential Corporation Holdings Ltd, was incorporated in 1993. IPAMC acts as an investment manager to ICICI Prudential Mutual Fund. The company offers a wide range of schemes under equity funds, balanced funds, debt funds, fund of funds and ETFs. As of 31st January 2017, some of the provided schemes are; ICICI Prudential Dynamic
Plan, ICICI Prudential Focused Bluechip Equity Fund, ICICI Prudential Infrastructure Fund, ICICI Prudential Value Discovery Fund, ICICI Prudential Top 100 Fund, ICICI Prudential Nifty Index Fund, ICICI Prudential FMCG Fund, ICICI Prudential Long Term Gilt Fund, ICICI Prudential Dynamic Bond Fund, ICICI Prudential Corporate Bond Fund, ICICI Prudential Balanced Fund, ICICI Prudential Sensex iWIN ETF, and ICICI Prudential NV20 iWIN ETF.
Dun & Bradstreet D-U-N-S® No 67-553-4102 Financial Performance (` mn) 10,123.6
Total Income
3,256.9
Net Profit
32.2
NPM (%) AAUM (Q1)
1,556,059.7
AAUM (Q2)
1,647,099.9
AAUM (Q3)
1,722,369.9
AAUM (Q4) (As on Mar 31, 2016)
1,759,639.8
IDBI Asset Management Limited IDBI Tower,WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra Website: www.idbimutual.co.in Business Profile IDBI Asset Management Company Ltd (IDBI AMC) was incorporated in Jan 2010 and is a subsidiary of IDBI Bank Ltd. IDBI AMC primarily acts as investment manager to IDBI Mutual Fund Trustee Company Ltd. The company offers various funds under equity schemes, debt schemes and gold schemes. As of 31st January 2017, some of the products offered under these segments are; IDBI Midcap Fund, IDBI India Top 100 Equity Fund, IDBI Diversified Equity Fund,
IDBI India Top 100 Equity Fund, IDBI Gilt Fund, IDBI Dynamic Bond Fund, IDBI Liquid Fund, and IDBI Monthly Income Plan.
Dun & Bradstreet D-U-N-S® No 86-024-1810 Financial Performance (` mn) Total Income
471.6 34.7
Net Profit
7.4
NPM (%) AAUM (Q1)
56,218.2
AAUM (Q2)
70,754.0
AAUM (Q3)
75,642.8
AAUM (Q4) (As on Mar 31, 2016)
68,926.6
IDFC Asset Management Company Limited One India Bulls Centre, 841, Elphinstone Road (W), Mumbai - 400013, Maharashtra Website: www.idfcmf.com Business Profile IDFC Asset Management Company Ltd (IDFC AMC) was established in 2000 and is a JV between IDFC Ltd and Natixis Global Asset Management (NGAM), France. IDFC AMC is an investment manager of the various schemes offered by IDFC MF. The company offers PMS through its associate entity; IDFC Investment Advisors Ltd. It also provides a wide range of funds under categories like equity, debt, hybrid and tax savings. As of 31st January 2017, some
of the schemes are; IDFC Premier Equity Fund, IDFC Sterling Equity Fund, IDFC Tax Advantage (ELSS) Fund, IDFC Monthly Income Plan, IDFC Government Securities Fund, IDFC Dynamic Bond Fund, IDFC Super Saver Income Fund, IDFC Arbitrage Fund, IDFC Balanced Fund, IDFC Banking Debt Fund, IDFC Corporate Bond Fund, IDFC Sensex ETF, and IDFC Nifty ETF.
Dun & Bradstreet D-U-N-S® No 67-733-5826 Financial Performance (` mn) Total Income
3,255.9
Net Profit
1,100.4 33.8
NPM (%) AAUM (Q1)
546,477.3
AAUM (Q2)
569,183.3
AAUM (Q3)
548,642.2
AAUM (Q4) (As on Mar 31, 2016)
522,837.9
Invesco Asset Management (India) Private Limited Unit No: 2101 A, 21st floor, A – Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel, Mumbai – 400 013 Website: www.religareinvesco.com Business Profile Invesco Asset Management (India) Private Limited formerly known as Religare Invesco Asset Management Company Pvt Ltd is an investment manager to Invesco Mutual Fund. The company acquired its new name in May 2016 and Invesco Hong Kong Ltd. is the sponsor for the asset management company. The product portfolio constitutes equity fund schemes, fixed income fund schemes, hybrid scheme and ETFs. As of 31st January 2017, some of its schemes 100
include; Invesco India AGILE Tax Fund, Invesco India Arbitrage Fund, Invesco India Contra Fund, Invesco India Mid Cap Fund, Invesco India Active Income Fund, Invesco India Corporate Bond Opportunities Fund, Invesco India Liquid Fund, Invesco India Nifty Exchange Fund, and Invesco India Gilt Fund.
Dun & Bradstreet D-U-N-S® No 86-031-2368 Financial Performance (` mn) Total Income
998.5
Net Profit
(84.7)
NPM (%)
(8.5)
AAUM (Q1)
195,359.8
AAUM (Q2)
216,099.5
AAUM (Q3)
198,845.9
AAUM (Q4) (As on Mar 31, 2016)
195,961.8
India’s Leading BFSI Companies 2017
JM Financial Asset Management Limited Office B, 8th floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. Website: www.jmfinancialmf.com Business Profile JM Financial Asset Management Ltd (JMFAML), formerly known as JM Financial Asset Management Pvt. Ltd, was incorporated in June 1994 and is a part of the JM Financial Group. The company is an asset manager to JM Financial Mutual Fund offering a variety of funds that meets the various requirements of institutional as well as individual investors. The company offers various schemes under equity, debt, arbitrage and liquid fund categories. As of
31st January 2017, some of its offerings include; JM Balanced fund, JM Basic fund, JM Tax Gain Fund, JM Core 11 Fund, JM Multi Strategy fund, JM Arbitrage Advantage Fund, JM Floater Short Term Fund, JM Fixed Maturity and Internal Funds Plan, JM High Liquidity Fund among others.
Dun & Bradstreet D-U-N-S® No 86-031-2369 Financial Performance (` mn) Total Income
856.1
Net Profit
444.8 52.0
NPM (%) AAUM (Q1)
116,760.0
AAUM (Q2)
158,581.5
AAUM (Q3)
158,677.7
AAUM (Q4) (As on Mar 31, 2016)
161,609.0
Kotak Mahindra Asset Management Company Limited 27 BKC, C-27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra Website: www.kotakmutual.com Business Profile Kotak Mahindra Asset Management Company Ltd (Kotak Mahindra AMC), a wholly owned subsidiary of Kotak Mahindra Bank Ltd (KMBL), commenced operations in Dec 1998. Kotak Mahindra AMC is the asset manager for Kotak Mahindra Mutual Fund (KMMF). It also provides portfolio advisory services. The company offers a wide range of schemes under equity funds, debt funds, balanced funds, fund of funds and exchange traded funds. As of 31st
January 2017, some of its offerings include; Kotak Emerging Equity Scheme, Kotak 50, Kotak Opportunities, Kotak Tax Saver, Kotak Balance, Kotak Midcap, Kotak Equity Arbitrage Fund, Kotak Infrastructure & Economic Reform Fund, Kotak Low Duration Fund, Kotak Treasury Advantage Fund, and Kotak Gilt Investment.
Dun & Bradstreet D-U-N-S® No 65-097-4764 Financial Performance (` mn) Total Income
2,399.5 593.3
Net Profit
24.7
NPM (%) AAUM (Q1)
483,366.7
AAUM (Q2)
567,507.1
AAUM (Q3)
551,338.3
AAUM (Q4) (As on Mar 31, 2016)
587,310.8
L&T Investment Management Limited 6th Floor, Brindavan, Plot No 177, CST Road, Kalina, Santacruz (E), Mumbai – 400098, Maharashtra Website: www.lntmf.com Business Profile L&T Investment Management Ltd (L&T IML), a part of L&T Finance Holdings Ltd, is the asset management company of L&T Mutual Fund. L&TIML provides PMS to clients under SEBI.The company’s fund suite spans the whole range of investment opportunities under equity funds, fixed income funds, hybrid funds, domestic and international funds. As of 31st January 2017, ome of its offerings under each of these categories include; L&T Equity Fund, L&T
Midcap Fund, L&T India Value Fund, L&T Tax Advantage Fund, L&T Tax Saver Fund, L&T India Large Cap Fund, L&T Cash Fund, L&T Liquid Fund, L&T Floating Rate Fund, L&T Short Term Income Fund, L&T Income Opportunities Fund and L&T Gilt Fund among many others.
Dun & Bradstreet D-U-N-S® No 65-097-4772 Financial Performance (` mn) Total Income
2,491.7
Net Profit
(518.9) (20.8)
NPM (%) AAUM (Q1)
222,128.7
AAUM (Q2)
242,800.6
AAUM (Q3)
250,585.1
AAUM (Q4) (As on Mar 31, 2016)
259,448.0
LIC Mutual Fund Asset Management Limited 4th Flr, Industrial Assurance Bldg, Opp. Churchgate Station, Mumbai - 400020, Maharashtra Website: www.licnomuramf.com Business Profile LIC Mutual Fund Asset Management Ltd, formerly known as LIC Nomura Mutual Fund Asset Management Company Ltd was incorporated in 1994. LIC Nomura Mutual Fund AMC acquired its present name in 2011, pursuant to transfer of its shares to Nomura Mutual Fund Asset Management Company Ltd. The key activity of the company is to act as an investment management advisor to LIC Nomura Mutual Fund. It offers PMS to its clients. The
company provides various schemes in equity, ETF, debt, hybrid, liquid and FMP categories. As of 31st January 2017, some of the funds offered under these segments are; LIC MF Infrastructure Fund, LIC MF Tax Plan, LIC MF Index Fund Sensex, LIC MF Growth Fund, LIC MF Exchange Traded Fund-Sensex, and LIC MF Income Plus Fund.
Dun & Bradstreet D-U-N-S® No 91-516-3703 Financial Performance (` mn) Total Income Net Profit NPM (%)
419.0 15.7 3.7
AAUM (Q1)
111,327.6
AAUM (Q2)
111,566.5
AAUM (Q3)
123,840.8
AAUM (Q4) (As on Mar 31, 2016)
131,556.2
101
India’s Leading BFSI Companies 2017
Mirae Asset Global Investments (India) Private Limited Unit No. 606, 6th Floor, Windsor Bldg, Kalina, Santacruz (E), Mumbai - 400098, Maharashtra Website: www.miraeassetmf.co.in Business Profile Mirae Asset Global Investments (India) Pvt Ltd (MASIPL) was established in Nov 2007 as a private limited company. It acts as an investment manager to Mirae Asset Mutual Fund. MASIPL offers a host of schemes under equity, thematic, hybrid, fixed income and tax saving categories. As of 31st January 2017, some of the schemes operated include; Mirae Asset Prudence Fund, Mirae Asset Cash Management Fund, Mirae Asset Savings
Fund, Mirae Asset India Opportunities Fund, In addition to the traditional categories, the company offers thematic schemes such as Mirae Asset Great Consumer Fund and Mirae Asset China Advantage Fund.
Dun & Bradstreet D-U-N-S® No 86-026-1149 Financial Performance (` mn) 409.7
Total Income
21.2
Net Profit
5.2
NPM (%) AAUM (Q1)
19,813.5
AAUM (Q2)
24,270.6
AAUM (Q3)
28,023.9 31,327.2
AAUM (Q4) (As on Dec 31, 2015)
Motilal Oswal Asset Management Company Limited Palm spring Centre, 2nd flr, Palm court Complex, Malad (W), Mumbai - 400064, Maharashtra Website: www.motilaloswal.com Business Profile Motilal Oswal Asset Management Company Ltd (MOAMC) was incorporated in Nov 2008. MOAMC is a part of Motilal Oswal Group and a 100% subsidiary of Motilal Oswal Securities Ltd. MOAMC has been appointed as the investment manager to Motilal Oswal Mutual Fund. The company primarily operates into two verticals namely PMS and MF. Under PMS, the company offers Next Trillion Dollar Opportunity and Value Strategy. MOAMC offers open ended equity
funds, debt funds and passive funds. As of 31st January 2017, some of the schemes operated by the compare were MOSt Focused 25 Fund, MOSt Focused Midcap 30 Fund, MOSt Focused Multicap 35 Fund, MOSt Focused Long Term Fund, MOSt Shares M50, MOSt Shares NASDAQ 100, and MOSt Ultra Short Term Bond Fund.
Dun & Bradstreet D-U-N-S® No 86-286-3703 Financial Performance (` mn) 1,850.5
Total Income
264.3
Net Profit
14.3
NPM (%) AAUM (Q1)
27,436.3
AAUM (Q2)
39,282.7
AAUM (Q3)
45,522.3 46,892.1
AAUM (Q4) (As on Mar 31, 2016)
Principal Pnb Asset Management Company Private Limited Exchange Plaza, B wing, Gr Flr, NSE Bldg, BKC, Bandra-E, Mumbai - 400051, Maharashtra Website: www.principalindia.com Business Profile Principal Pnb Asset Management Company Pvt Ltd (Principal Pnb AMC) is an investment manager for Principal Mutual Fund. The company offers various funds under equity, debt, ELSS, liquid fund, fund of funds, debt/ fixed income, balanced and hybrid schemes. As of 31st January 2017, some of the schemes operated by the company were Principal Dividend Yield Fund, Principal Emerging Bluechip Fund, Principal Smart Equity Fund,
Principal Index Fund – Midcap, Principal Equity Savings Fund, Principal Personal Tax Saver Fund, Principal Tax Savings Fund, Principal Balanced Fund, and Principal Cash Management Fund.
Dun & Bradstreet D-U-N-S® No 87-179-8508 Financial Performance (` mn) 390.3
Total Income
(134.3)
Net Profit
(34.4)
NPM (%) AAUM (Q1)
64,792.4
AAUM (Q2)
66,237.0
AAUM (Q3)
58,787.6 52,810.6
AAUM (Q4) (As on Mar 31, 2016)
Reliance Nippon Life Asset Management Limited H’ Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairane, Navi Mumbai – 400710 Website: www.reliancemutual.com Business Profile Reliance Nippon Life Asset Management Ltd formerly known as Reliance Capital Asset Management Ltd was incorporated in Feb 1995 as the AMC of Reliance Mutual Fund. The company is a subsidiary of Reliance Capital Ltd. RCAM offers various schemes under equity fund schemes, liquid schemes, debt fund schemes and gold fund schemes. As of 31st January 2017, some of its offerings include; Reliance Top 200 Fund, Reliance Vision Fund, Reliance Focused 102
Large Cap Fund, Reliance Index Fund - Nifty plan, Reliance Pharma Fund, Reliance Money Manager Fund, Reliance Income Fund, Reliance Gold Savings Fund, Reliance Liquid Fund - Cash Plan, and Reliance Liquid Fund - Treasury Plan.
Dun & Bradstreet D-U-N-S® No 86-031-2382 Financial Performance (` mn) Total Income Net Profit NPM (%)
12,710.1 3,701.7 29.1
AAUM (Q1)
1,457,437.6
AAUM (Q2)
1,538,848.1
AAUM (Q3)
1,578,781.7
AAUM (Q4) (As on Mar 31, 2016)
1,593,694.9
India’s Leading BFSI Companies 2017
SBI Funds Management Private Limited 9th Floor, Crescenzo, C-38 & 39, G Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.sbimf.com Business Profile SBI Funds Management Pvt Ltd (SBIFMPL) was incorporated in 1992 for managing the schemes of SBI Mutual Fund. The company is a wholly owned subsidiary of State Bank of India (SBI) and is presently a JV between SBI and AMUNDI France. SBIFMPL offers range of schemes in categories like equity, hybrid, debt, fixed maturity plans, liquid and ETFs. As of 31st January 2017, some of its offerings include; SBI Magnum Equity Fund, SBI Magnum Global
Fund, SBI Magnum Midcap Fund, SBI Blue Chip Fund, SBI Contra Fund, SBI Nifty Index Fund, SBI Magnum Income Fund, SBI Ultra Short Term Debt Fund, SBI Corporate Bond Fund, SBI Magnum Balanced Fund, SBI Dynamic Asset Allocation Fund, SBI - ETF GOLD, and SBI - ETF Sensex.
Dun & Bradstreet D-U-N-S® No 87-178-4308 Financial Performance (` mn) Total Income
5,524.0
Net Profit
1,653.5 29.9
NPM (%)
842,737.7
AAUM (Q1) AAUM (Q2)
891,759.7
AAUM (Q3)
1,005,845.4
AAUM (Q4) (As on Mar 31, 2016)
1,073,273.7
Sundaram Asset Management Company Limited No. 21, Patullos Road, Chennai – 600002, TN Website: www.sundarammutual.com Business Profile Sundaram Asset Management Company Ltd (Sundaram AMC) was incorporated in 1996 and is the investment manager to Sundaram Mutual Fund (SMF). SMF is the wholly owned subsidiary of Sundaram Finance Ltd. Sundaram AMC offers various schemes in equity fund schemes and fixed income fund schemes.As of 31st January 2017, some of the equity fund products offered by the company include; Sundaram Tax Saver, Sundaram Balanced Fund, Sundaram Top 100,
Sundaram Global Advantage Fund, Sundaram Money Fund, Sundaram Ultra Short Term Fund, Sundaram Income Plus, Sundaram Gilt Fund, Sundaram Fixed Term Plan, Sundaram Select Mid Cap, Sundaram Select Focus, and Sundaram S.M.I.L.E Fund.
Dun & Bradstreet D-U-N-S® No 72-549-5621 Financial Performance (` mn) 2,298.8
Total Income
44.1
Net Profit
1.9
NPM (%) AAUM (Q1)
209,956.0
AAUM (Q2)
221,238.2
AAUM (Q3)
218,769.7 236,637.1
AAUM (Q4) (As on Mar 31, 2016)
Tata Asset Management Limited 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021, Maharashtra Website: www.tatamutualfund.com Business Profile Tata Asset Management Ltd (Tata Asset Management) was incorporated in Mar 1994. The company acts as an investment manager of Tata Mutual Fund (TMF). Tata Asset Management offers wide range of schemes under equity fund scheme, debt fund scheme, hybrid scheme and close ended fund scheme. Under equity fund schemes, it offers funds in large cap, diversified, mid cap, sectoral, ELSS and index categories. Its debt fund schemes include; liquid, short term,
income, dynamic, gilt and other funds. As of 31st January 2017 some of the schemes offered were Tata Large Cap Fund, Tata Dividend Yield Fund, Tata Equity Opportunities Fund, Tata Ethical Fund, Tata Mid Cap Growth Fund, Tata Infrastructure Fund, Tata Consumer Fund, and Tata Index Fund.
Dun & Bradstreet D-U-N-S® No 65-053-5250 Financial Performance (` mn) 1,443.4
Total Income
52.5
Net Profit
3.6
NPM (%) AAUM (Q1)
280,451.6
AAUM (Q2)
288,571.9
AAUM (Q3)
315,559.0 318,622.3
AAUM (Q4) (As on Mar 31, 2016)
UTI Asset Management Company Limited UTI Tower, GN Block, BKC, Bandra (E), Mumbai - 400051, Maharashtra Website: www.utimf.com Business Profile UTI Asset Management Company Ltd (UTI AMC) was incorporated in Nov 2002 to provide investment management services to schemes of UTI Mutual Fund. The company has four wholly owned subsidiaries, UTI Venture Funds Management Company Pvt Ltd, UTI Retirement Solutions Ltd, UTI International Ltd and UTI Capital Pvt Ltd. The company offers various fund schemes such as equity fund schemes, balance fund schemes, debt fund schemes. As of 31st
January 2017, some of its schemes include; UTI Mastershare Unit Scheme, UTI Equity Fund, UTI Top 100 Fund, UTI Children’s Career Balanced Plan, UTI Money Market Fund, and UTI Bond Fund.
Dun & Bradstreet D-U-N-S® No 91-585-5423 Financial Performance (` mn) Total Income
7,495.8
Net Profit
2,320.5
NPM (%)
31.0
AAUM (Q1)
927,302.3
AAUM (Q2)
1,040,774.0
AAUM (Q3)
1,061,290.4
AAUM (Q4) (As on Mar 31, 2016)
1,063,092.2
103
India’s Leading BFSI Companies 2017 Advt
The New India Assurance Co.Ltd. - A wholly owned Government Company Our website: www.newindia.co.in Dun & Bradstreet D-U-N-S® No Financial Performance (` mn)
Total Income The New India Assurance Co.Ltd which is the largest general insurance Net Profit company in the country offers attractive schemes for those persons going NPM (%) AAUM (Q1) abroad either for business or holidays AAUM (Q2) AAUM (Q3)
Overseas mediclaim insurance for Business and Holiday
Overseas mediclaim insurance for AAUM (Q4) (As on Mar 31, 2016) Corporate Frequent Travelers
We give here below in a nutshell the salient features of the policies. The policy covers the following: 1. Medical expenses and repatriation 2. Personal Accident. 3. Loss of checked in baggage. 4. Delay of check in baggage 5. Loss of passport 6. Personal liability The plan types available are as follows:
The policy covers the following: 1. Medical expenses and repatriation 2. Personal Accident. 3. Loss of checked in baggage. 4. Delay of check in baggage Dun & Bradstreet D-U-N-S® No 5. Loss of passport Financial Performance (` mn) 6. Personal liability Total Income
Net The plan types available are asProfit follows NPM (%)
There is also a plan Z for corporate clients where premium is collected on per AAUM (Q1)
Countries covered
Sum insured
Worldwide cover
US$ 100,000
Countries covered
Worldwide cover
US$ 500,000
Worldwide cover
Countries excluding USA and Canada
US$ 50,000
Worldwide cover
Countries excluding USA and Canada
US$ 250,000
• Policies can be bought online from our website. • Premium to be paid in INR. Premiums differ with age. • The above are the brief details. For full details please visit our website: www.newindia.co.in
AAUM (Q2) AAUM (Q3)
Sum insured US$ 100,000
AAUM (Q4) US$ 500,000 (As on Mar 31, 2016)
day basis. Policy is issued on annual basis. • Policies can be bought online from our website. • Premium to be paid in INR. Premium differs with age. • The above are the brief details. For full details please visit our website: www.newindia.co.in Dun & Bradstreet D-U-N-S® No Financial Performance (` mn)
Overseas mediclaim insurance for students going abroad for studies Total Income We give here below in a nutshell the salient features of the policies. The plan types available are as follows
Net Profit NPM (%) AAUM (Q1)
The policy covers the following:
AAUM (Q2) AAUM (Q3)
1. Medical accident and sickness expenses Countries covered
Sum insured
Worldwide cover including USA & Canada
US$ 150,000
Worldwide cover including USA & Canada
US$ 500,000
Countries excluding USA and Canada
US$ 150,000
2. Medical evacuation 3. Repatriation and transportation of mortal remains 4. Medical emergency reunion expenses 5. Contingency insurance - recompense for sponsored student.
AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit
• Policies can be bought online from our website NPM (%) • The premiums are calculated on monthly basis to be paid as per the duration of the stay and is payable in Indian rupees. AAUM (Q1) • The above are the brief detail. For full details please visit our website: www.newindia.co.in AAUM (Q2) AAUMconcluding (Q3) *Conditions apply (For more details on risk factors, terms & conditions please read sales brochure carefully before a sale) AAUM (Q4) (As on Mar 31, 2016)
104
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
IRDAI REGN. NO. 190
CIN: U 99999 MH 1919 GOI 000 526
URN No. SPON/2017-17/447
105
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
106
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
107
India’s Leading BFSI Companies 2017
Bajaj Allianz Life Insurance Company is one of India's leading private life insurance companies. Bajaj Allianz Life is a joint venture between Bajaj Finserv Ltd and Allianz SE. The company started its operations on 3rd August 2001 with a commitment to offer premium financial solutions providing financial security to individuals and their families. While Bajaj Group has more than five decades of experience in the local market, Allianz SE is a leading insurance conglomerate globally and one of the largest asset managers in the world with over 110 years of experience in the financial services sector and presence in more than 70 countries. Bajaj Finserv Ltd and Allianz SE, both enjoy a reputation of expertise, stability and strength. Bajaj Allianz Life Insurance today has a pan-India presence with 697 branches in India. The company takes pride in offering life insurance solutions that cater to all segments and age-income profiles. Bajaj Allianz Life Insurance has a strong life insurance product portfolio to cater to all kinds of customer needs from ULIPs to Child plans, group insurance to retirement plans.
Key Performance Highlights – Business Achievements Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financial Performance (` mn) Total Income Net Profit NPM (%) AAUM (Q1) AAUM (Q2) AAUM (Q3) AAUM (Q4) (As on Mar 31, 2016)
108
Total Income Listing
India’s Leading BFSI Companies 2017
111
India’s Leading BFSI Companies 2017 Sr No
Company Name
Type
Total Income (` mn)
1
Life Insurance Corporation of India
Public Sector
2
ICICI Prudential Life Insurance Company Limited
Private Sector
208,275.2
3
SBI Life Insurance Company Limited
Private Sector
194,448.5
4
HDFC Standard Life Insurance Company Limited
Private Sector
182,458.5
5
Max Life Insurance Company Limited
Private Sector
106,645.9
6
Bajaj Allianz Life Insurance Company Limited
Private Sector
74,212.1
7
Birla Sun Life Insurance Company Limited
Private Sector
65,648.8
8
Reliance Nippon Life Insurance Company Limited
Private Sector
54,894.1
9
Kotak Mahindra Old Mutual Life Insurance Limited
Private Sector
45,476.4
10
Tata AIA Life Insurance Company Limited
Private Sector
32,446.5
11
PNB MetLife India Insurance Company Limited
Private Sector
30,756.2
12
Exide Life Insurance Company Limited
Private Sector
26,443.7
13
IndiaFirst Life Insurance Company Limited
Private Sector
24,464.8
14
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Private Sector
20,779.1
15
Aviva Life Insurance Company India Limited
Private Sector
18,198.3
16
Star Union Dai-Ichi Life Insurance Company Limited
Private Sector
14,477.2
17
IDBI Federal Life Insurance Company Limited
Private Sector
14,463.2
18
Bharti AXA Life Insurance Company Limited
Private Sector
13,389.3
19
DHFL Pramerica Life Insurance Company Limited
Private Sector
11,809.9
20
Shriram Life Insurance Company Limited
Private Sector
11,803.3
21
Future Generali India Life Insurance Company Limited
Private Sector
7,976.3
22
Aegon Life Insurance Company Limited
Private Sector
6,106.0
23
Edelweiss Tokio Life Insurance Company Limited
Private Sector
5,986.7
24
Sahara India Life Insurance Company Limited
Private Sector
2,133.2
4,242,185.1
India’s Leading BFSI Companies 2017
Net Premium Earned Listing
113
India’s Leading BFSI Companies 2017 Sr No
Net Premium Earned (` mn)
Company Name
Type
1
Life Insurance Corporation of India
Public Sector
2
ICICI Prudential Life Insurance Company Limited
Private Sector
189,987.0
3
HDFC Standard Life Insurance Company Limited
Private Sector
161,787.8
4
SBI Life Insurance Company Limited
Private Sector
156,654.5
5
Max Life Insurance Company Limited
Private Sector
91,389.3
6
Bajaj Allianz Life Insurance Company Limited
Private Sector
58,317.2
7
Birla Sun Life Insurance Company Limited
Private Sector
54,117.4
8
Reliance Nippon Life Insurance Company Limited
Private Sector
43,706.4
9
Kotak Mahindra Old Mutual Life Insurance Limited
Private Sector
39,132.9
10
PNB MetLife India Insurance Company Limited
Private Sector
27,272.3
11
Tata AIA Life Insurance Company Limited
Private Sector
24,358.0
12
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Private Sector
20,452.9
13
Exide Life Insurance Company Limited
Private Sector
20,162.4
14
IndiaFirst Life Insurance Company Limited
Private Sector
19,370.8
15
Aviva Life Insurance Company India Limited
Private Sector
14,401.8
16
Star Union Dai-Ichi Life Insurance Company Limited
Private Sector
12,776.6
17
IDBI Federal Life Insurance Company Limited
Private Sector
12,308.2
18
Bharti AXA Life Insurance Company Limited
Private Sector
11,894.4
19
Shriram Life Insurance Company Limited
Private Sector
10,198.7
20
DHFL Pramerica Life Insurance Company Limited
Private Sector
8,881.1
21
Future Generali India Life Insurance Company Limited
Private Sector
5,692.8
22
Aegon Life Insurance Company Limited
Private Sector
4,713.2
23
Edelweiss Tokio Life Insurance Company Limited
Private Sector
3,001.8
24
Sahara India Life Insurance Company Limited
Private Sector
1,569.7
2,664,442.1
India’s Leading BFSI Companies 2017
Aegon Life Insurance Company Limited Building No. 3, Third Floor, Unit No. 1, Nesco IT Park, Western Express Highway, Goregaon (East), Mumbai- 400063 Website: www.aegonlife.com Business Profile AEGON Life Insurance Company Ltd (ALICL), formerly known as Aegon Religare Life Insurance Company Ltd is a JV between Aegon and Bennett, Coleman & Company. The company launched its pan-India operations in July, 2008. It offers various insurance schemes under term, health, ULIPs, savings, retirement and child plan. Some of its offerings include; Aegon Life iReturn Insurance Plan, Aegon Life Easy Protect Insurance Plan, Rising Star
Insurance, Aegon Life Insta Pension Plan, Aegon Life iSpouse Insurance Plan and Aegon Life Term Insurance Plan among others. ARLI also offers several group and rural insurance plans mainly Aegon Life Group Credit Shield Insurance Plan, Aegon Life Group Gratuity Plan and Rural Term Insurance Plan. The company operates through its headquarters in Mumbai and 53 branches across 46 cities. It caters to 0.4 mn customer through 9,600 life insurance agents across country.
Dun & Bradstreet D-U-N-S® No 87-180-3600 Financials (` mn) 6,106.0
Total Income
4,713.2
Total Premium
17,849.4
AUM Key Ratios
2.2
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(11.5)
Aviva Life Insurance Company India Limited Aviva Tower, Sector Road, Opp. Golf Course, DLF-Phase V, Sector-43, Gurgaon - 122 003, Haryana Website: www.avivaindia.com Business Profile Aviva Life Insurance Company India Ltd (Aviva Life) is a JV between Dabur Invest Corp, India and UK’s Aviva Group. The company offers various insurance plans to the individuals under the categories of child plans, savings plans, retirement plans, protection, health and rural plans. It also offers term plan, gratuity & leave encashment and rural-credit protection plans for groups. Some of its plan include Aviva Annuity Plus, Aviva Next Innings, Aviva Dhan
Nirman, Aviva Dhan Samruddhi, Aviva Life Bond Advantage, Aviva Live Smart, Aviva Health Secure, Aviva Heart Care, Aviva Group Gratuity Advantage and Aviva New Traditional Employee Benefit Plan among others. Its sales force comprises of over 12,000 financial planning advisors with 108 branches spread across India. As on Mar 31 2016, the company had solvency margin of 384% and its AUM stood at ` 87.5 bn.
Dun & Bradstreet D-U-N-S® No 86-025-1614 Financials (` mn) Total Income
18,198.3
Total Premium
14,401.8
AUM
87,520.3 Key Ratios 3.8
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(17.3)
Bajaj Allianz Life Insurance Company Limited G.E. Plaza, Airport Road, Yerawada, Pune – 411006, Maharashtra Website: www.bajajallianzlife.com Business Profile Bajaj Allianz Life Insurance Company Ltd (Bajaj Allianz Life) is a JV between Bajaj Finserv and Allianz SE and began its operations in 2001. The company offers various insurance plans in the areas of term insurance, ULIP, saving solutions, investment solutions, retirement solutions, child insurance, group insurance, riders and micro insurance solutions to a varied age-income group. Some of the insurance schemes offered by Bajaj Allianz Life include
eTouch Online Term, Lifelong Assure, Future Gain, Income Assure, Retire Rich, Bima Dhan Suraksha Yojana, Guarantee Assure, Principal Gain and iSecure More amongst others. The company has 21 individual plans and 10 group plans along with 13 riders. As on Mar 31, 2016 solvency ratio of Bajaj Allianz Life stood at 793% and its AUM stood at 441.1 mn.
Dun & Bradstreet D-U-N-S® No 91-823-6019 Financials (` mn) Total Income
74,212.1
Total Premium
58,317.2 43,884.9
AUM Key Ratios
7.9
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(2.0)
Bharti AXA Life Insurance Company Limited 6th Floor, Unit- 601 & 602, Raheja Titanium, Off Western Express Highway, Goregaon (East), Mumbai- 400 063, Maharashtra Website: www.bharti-axalife.com Business Profile Bharti AXA Life Insurance Company Ltd (Bharti AXA Life) was started in 2006 as a JV between Bharti Enterprises and AXA, with 51% stake held by Bharti Enterprises and the rest 49% by AXA. Bharti AXA Life offers a wide range of products and services catering to specific insurance and wealth management needs of customers. It offers insurance schemes for individuals such as savings plans, protection plans, investment plans, health plans and riders. Some of its 114
offerings include; Bharti AXA Life Samridhhi, Bharti AXA Life eProtect, Bharti AXA Life Future Invest Plan, Triple Health Insurance and Hospi Cash Benefit Rider. Bharti AXA Life also offers group insurance plans like Bharti AXA Life Loan Secure, Bharti AXA Life Smart Bima and AXA Life Accidental Death Benefit Rider. Bharti AXA Life operates through 124 branches and 16,000 advisors across India. As on Mar 31 2016, solvency ratio of the company stood at 2.19%.
Dun & Bradstreet D-U-N-S® No 67-713-9396 Financials (` mn) Total Income
13,389.3
Total Premium
11,894.4 307,658.0
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
2.2 14.6
India’s Leading BFSI Companies 2017
Birla Sun Life Insurance Company Limited One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Maharashtra Website: www.insurance.birlasunlife.com Business Profile Birla Sun Life Insurance Company Limited (BSLI) is a JV between the Aditya Birla Group and Sun Life Financial Inc which was establishment in year 2000. The Company offers a complete range of offerings comprising protection solutions, children’s future solutions, wealth with protection solutions, health and wellness solutions, retirement solutions and savings with protection solutions. Some of its offerings include BSLI Protector Plus Plan, BSLI Hospital
Plus Plan, BSLI Vision Star Plan, BSLI Empower Pension Plan, BSLI Wealth Max Plan and BSLI Vision MoneyBack Plus Plan. BSLI has a customer base of two million policy holders, distribution reach in over 500 cities with 600 branches, around 140,000 advisors and over 700 partnerships with corporate agents, brokers and banks. As on Mar 31 2016, AUM of the company stood at ` 308.1 bn.
Dun & Bradstreet D-U-N-S® No 91-857-9769 Financials (` mn) 65,648.8
Total Income
54,117.4
Total Premium
307,429.4
AUM Key Ratios
2.1
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
6.8
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited C-31 & C-32, 1st Floor, Cannaught Circus New Delhi - 110001, India Website: www.canarahsbclife.com Business Profile Canara HSBC Oriental Bank of Commerce Life Insurance Company Ltd (Canara HSBC OBC Life) was launched in June 2008 and is jointly owned by Canara Bank and OBC and HSBC Insurance Holdings Ltd. The company offers 23 products various insurance plans under ULIPs, protection, and traditional plans for individuals along with group plans. Some of the plans offered by Canara HSBC OBC Life include Grow Smart Plan, Dream Smart Plan, Future Smart
Plan, Insure Smart Plan, Shubh Labh, eSmart Term Plan, Smart Monthly Income Plan, Smart Stage Money Back Plan, Group Superannuation Plan and Group Traditional Benefit Plan. The company has access to around 60 mn customers and a network of over 8,000 branches of Canara Bank, HSBC and OBC. In FY16, the company initiated 1,092 death claims and settled 1,056 deaths claims resulting in a claims settlement ratio of 95%.
Dun & Bradstreet D-U-N-S® No 65-033-7400 Financials (` mn) Total Income
20,779.1
Total Premium
20,452.9
AUM
97,856.5 Key Ratios 4.1
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
24.5
DHFL Pramerica Life Insurance Company Limited 4th Floor, Building No. 9B, Cyber City, DLF City Phase III, Gurgaon – 122002. Haryana Website: www.dhflpramerica.com Business Profile DHFL Pramerica Life Insurance Company Ltd (DPLI) is a JV between Dewan Housing Finance Corporation Ltd and Prudential International Insurance Holdings, Ltd which came into existence in July 2013. DPLI offers wide range of life insurance solutions for individuals as well as groups under the categories of protection, child progress, health and savings. Some of its plans offered by DPLI include DHFL Pramerica Wealth+ ACE, DHFL Pramerica Family Income,
DHFL Pramerica Dengue Shield, DHFL Pramerica Aajeevan Samriddhi, DHFL Pramerica Rakshak+, DHFL Pramerica Premier Gain, DHFL Pramerica e Save, DHFL Pramerica TruShield, and DHFL Pramerica Wealth+ ACE. The company operates through a network of 87 branches with over 10 mn customers. As on Nov 30, 2016, it had ` 24.5 bn AUM.
Dun & Bradstreet D-U-N-S® No 67-767-8558 Financials (` mn) 11,809.9
Total Income
8,881.1
Total Premium
202,780.0
AUM Key Ratios
10.3
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
24.0
Edelweiss Tokio Life Insurance Company Limited Edelweiss House, Off. CST Road, Kalina, Mumbai – 400 098, Maharashtra Website: www.edelweisstokio.in Business Profile Edelweiss Tokio Life Insurance Company Limited (Edelweiss Tokio Life) was formed in year 2011 as a JV between Edelweiss Financial Services and Tokio Marine Holdings Inc, Japan. The company offers various insurance products under secure future, healthy future, planned future, education planning, retirement planning and growth planning. Some of its offerings include; Edelweiss Tokio Life TotalSecure+, Edelweiss Tokio Life MyLife+, Edelweiss Tokio
Life Wealth Builder, Edelweiss Tokio Life GCAP, Edelweiss Tokio Life CritiCare+ and Edelweiss Tokio Life WAAC among others. The company also offers group insurance solution in the form of insurance product namely Edelweiss Tokio Life Group Credit Protection, Group Employee Benefit Plan, Group Life Protection and Group Wealth Accumulation. As on Mar 31 2016, solvency ratio of the company stood at 263.6%.
Dun & Bradstreet D-U-N-S® No 85-955-4944 Financials (` mn) Total Income
5,986.7
Total Premium
3,001.8 13,975.5
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
2.6 60.9
115
India’s Leading BFSI Companies 2017
Exide Life Insurance Company Limited 3rd Floor, JP Techno Park, No. 3/1, Millers Road, Bangalore- 560 001, Karnataka, India Website: www.exidelife.in Business Profile Exide Life Insurance Company Ltd (Exide LIC), a wholly owned subsidiary of Exide Industries Ltd commenced business operations in 2001‐02. The company offers wide range of insurance products such as protection plans, saving and investments, retirement and pension schemes. Some of its offerings include; Exide Life Smart Term Plan, Exide Life Accidental Death, Disability & Dismemberment Rider, Exide Life Wealth Maxima - Maxima Child, Exide Life Star
Saver, Exide Life Mera Aashirvad, Exide Life Golden Years Retirement Plan and Exide Life New Fulfilling Life among others. The company distributes its products through multi‐channels viz. agency, banc assurance, corporate agency, broking and direct channels. As on Mar 31 2016, Exide LIC had AUM worth ` 95.3 bn and solvency ratio of 265%. In FY16, it earned premium income of ` 20.47 bn.
Dun & Bradstreet D-U-N-S® No 65-097-5001 Financials (` mn) Total Income
26,443.7
Total Premium
20,162.4
AUM
94,459.9 Key Ratios 2.7
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
0.1
Future Generali India Life Insurance Company Limited Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphinstone(W), Mumbai-400013, Maharashtra Website: www.life.futuregenerali.in Business Profile Future Generali India Life Insurance Company Ltd (Future Generali Life) was incorporated in 2007. Future Generali Life is a JV between Future Group, Generali Group and Industrial Investment Trust Ltd. It offers various insurance plans such as term plans, saving plans, group plans, retirement plans and rural plans. Some of its offerings include Future Generali Flexi Online Term Plan, Future Generali Assure Plus, Future Generali Wealth Protect Plan, Future
Generali Pearls Guarantee, Future Generali Group Superannuation Plan, Future Generali Group Leave Encashment Plan, Future Generali Immediate Annuity Plan and Future Generali Jan Suraksha Plus amongst others. In FY16, the company registered claim settlement ratio of 90.6% and its AUM stood at ` 26 bn as on Mar 31 2016.
Dun & Bradstreet D-U-N-S® No 65-030-8604 Financials (` mn) 7,976.3
Total Income
5,692.8
Total Premium
26,620.5
AUM Key Ratios
2.0
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(3.2)
HDFC Standard Life Insurance Company Limited Lodha Excelus, 13th Floor Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India Website: www.hdfclife.com Business Profile HDFC Standard Life Insurance Company Ltd (HDFC Life) is a JV between HDFC Ltd and Standard Life plc with 61.6% and 35% holding respectively. HDFC Life offers a range of individual and group insurance solutions such as protection, pension, savings & investment, health, children’s & women’s Plan. Some of its offerings include; HDFC Life Click2Protect Plus, HDFC Life Assured Pension Plan, HDFC Life Cancer Care Plan, HDFC Life Click2Invest
- ULIP, HDFC Life YoungStar Udaan and HDFC Life Smart Woman Plan. As on Mar 31 2016, the company operated with a wide distribution network of 398 branches and 117,000 agents. As on Oct 31 2016, the company’s portfolio included 29 individual, nine group products and eight optional rider benefits. In FY16, HDFC Life introduced HDFC Life Click 2 Retire plan in its existing specialized online offerings.
Dun & Bradstreet D-U-N-S® No 87-179-6458 Financials (` mn) Total Income
182,458.5
Total Premium
161,787.8 742,491.1
AUM Key Ratios
2.0
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
9.6
ICICI Prudential Life Insurance Company Limited ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra Website: www.iciciprulife.com Business Profile ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) is a JV between ICICI Bank Ltd, India and Prudential Corporation Holdings Ltd. The company started its operation in the year 2001. It offers wide range of insurance products under term plans, ULIPs, retirement plans, group plans, rural plans and money back plans. Some of its offerings under these categories include; ICICI Pru Loan Protect, ICICI Pru Group Term Plus, Group Gratuity Plan, ICICI 116
Pru Anmol Bachat and Group Leave encashment Plan amongst others. As on Mar 31 2016, the company operated through 521 offices at 456 locations across the country. In FY16, the company settled over 10,600 individual mortality claims with the claim settlement ratio of 96.2%. As on Jun 30, 2016, its AUM stood at ` 1,092.8 bn.
Dun & Bradstreet D-U-N-S® No 87-180-0838 Financials (` mn) Total Income
208,275.2
Total Premium
189,987.0 1,017,904.7
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
3.2 25.3
India’s Leading BFSI Companies 2017
IDBI Federal Life Insurance Company Limited 22nd Floor, A Wing, Marathon Futurex, N. M. Joshi Marg, Lower Parel (East),Mumbai 400013, India. Website: www.idbifederal.com Business Profile IDBI Federal Life Insurance Company Ltd (IDBI Federal) is a JV between IDBI Bank, Federal Bank and Ageas, Europe. The company commenced operating in the year 2008. It offers diverse range of plans under child plans, endowment plans, term plan, group plan, money back plan and wealth plans. Some of the insurance plans offered by IDBI Federal include Wealth Gain Insurance Plan, Group Micfoinsurance Plan, Secured Income Insurance Plan, Loansurance
Group Insurance Plan SP, Childsurance Savings Protection Insurance Plan and Wealthsurance Suvidha Growth Insurance Plan. It has access to a nationwide network of over 3,000 branches of IDBI Bank and Federal Bank. As on Mar 31 2016, IDBI Federal had AUM worth ` 48.9 bn. In FY16, the company issued 0.82 mn policies and its claim settlement ratio stood at 85%.
Dun & Bradstreet D-U-N-S® No 86-031-2365 Financials (` mn) Total Income
14,463.2
Total Premium
12,308.2
AUM
47,384.7 Key Ratios 4.1
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
16.0
IndiaFirst Life Insurance Company Limited 301, ‘B’ Wing, The Qube, Infinity Park, Malad- (E), Mumbai - 400097, Maharashtra Website: www.indiafirstlife.com Business Profile IndiaFirst Life Insurance Company Ltd (IndiaFirst LIC) started operations in Mar 2010 and is a JV between Bank of Baroda, Andhra Bank and UKbased risk, wealth and investment company Legal & General. The company offers wide variety of insurance products under health Insurance, investment plan, term insurance, savings plan, retirement plan, micro insurance, protection plan and employee liability plan. As on Mar 31 2016, the company recorded AUM
of ` 90.6 bn. In FY16, IndiaFirst LIC launched a non-linked, participating, endowment, deferred pension plan under the name Guaranteed Retirement Plan. In Jul 2016, the company entered into partnership with Nainital Bank for distribution of its products and with IFMR Rural Channels and Services Pvt Ltd for distribution of life insurance policies in rural areas.
Dun & Bradstreet D-U-N-S® No 65-049-5398 Financials (` mn) Total Income
24,464.8
Total Premium
19,370.8
AUM
88,970.5 Key Ratios 2.2
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(4.2)
Kotak Mahindra Old Mutual Life Insurance Limited 2nd Floor, Plot # C- 12, G- Block BKC, Bandra (E) Mumbai Mumbai City MH 400051 IN Website: insurance.kotak.com Business Profile Kotak Mahindra Old Mutual Life Insurance Ltd (Kotak Life Insurance) is a 74:26 JV between Kotak Mahindra Bank Ltd, its affiliates and Old Mutual. Kotak Life Insurance offers wide range of life insurance plans under protection plans, savings & investment plans, riders, retirement plans, child plans and group plans. Some of its product offerings include Kotak Preferred e-Term Plan, Kotak Income Protection plan, Kotak Single Invest Plus, Kotak Premier
Pension Plan, Kotak Headstart Child Assure, Kotak Gratuity Plus Group Plan, Kotak Leave Encashment Group Plan, Kotak Secure Return and Employee Benefit Plan among others. It has more than 4 mn policyholders nationwide. In FY16, the company issued 0.26 mn policies and settled 56,341 claims.
Dun & Bradstreet D-U-N-S® No 86-031-2373 Financials (` mn) Total Income
45,476.4
Total Premium
39,132.9 167,766.8
AUM Key Ratios
3.1
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
31.3
Life Insurance Corporation of India Yogakshema, Jeevan Bima Marg, Post Box No. 19953, Nariman Point, Mumbai - 400021, Maharashtra Website: www.licindia.in Business Profile Life Insurance Corporation of India (LIC) was established in 1956 as a result of the passing of Life Insurance Corporation Act by Parliament of India in June, 1956. LIC offers a wide range of insurance products such as insurance plans, pension plans, unit plans, special plans, health plans, withdrawn plans and micro insurance plans. Some of its plans in each of these categories include; Jeevan Pragati, Jeevan Rakshak, Bima Diamond, Jeevan Arogya, Jeevan
Lakshya, Jeevan Tarun, and New Bima Bachat among others. It also offers wide range of group insurance schemes such as Group Credit Life Insurance, Aam Admi Bima Yojana and New Group gratuity Cash accumulation scheme. In FY16, LIC introduced eight new products including five individual, two group and one product namely Pradhanmantri Jeevan Jyoti Bima Yojana launched on behalf of GoI.
Dun & Bradstreet D-U-N-S® No 87-181-2867 Financials (` mn) Total Income
4,242,185.1
Total Premium
2,664,442.1 20,091,189.3
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
1.6 11.2
117
India’s Leading BFSI Companies 2017
Max Life Insurance Company Limited 419, Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr -144533, Punjab Website: www.maxlifeinsurance.com Business Profile Max Life Insurance Company Ltd (Max Life) is a JV between Max Financial Services Ltd and Mitsui Sumitomo Insurance Co Ltd. The company started its operations in the year 2001. The company offers comprehensive range of life Insurance plans including term, protection, retirement, child, growth, saving and group plans. Some of its offerings include Max Life Cancer Insurance Plan, Max Life Super term Plan, Max Life Forever Young Pension
Dun & Bradstreet D-U-N-S® No 86-031-2378
Plan, Max Life Monthly Income Advantage Plan and Max Life Group Gratuity Premier Plan. It offers 17 products and five riders in individual insurance segment and four products and four riders in group insurance business. In FY16, Max Life’s gross written premium and AUM grew 13% and 15% to ` 92.2 bn and ` 358.2 bn respectively. During the year, its solvency ratio stood at 343%.
Financials (` mn) 106,645.9
Total Income
91,389.3
Total Premium
358,049.9
AUM Key Ratios
3.4
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
12.8
PNB MetLife India Insurance Company Limited Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka Website: www.pnbmetlife.com Business Profile PNB MetLife India Insurance Company Ltd (PNB MetLife), incorporated in 2001 is a JV between MetLife International Holdings LLC, Punjab National Bank Ltd, Jammu & Kashmir Bank Ltd, M. Pallonji and Company Pvt Ltd and other private investors. It provides products for individual as well as for group customers such as protection plans, retirement plans, health plans, wealth plans, child plans, rural plans and saving plans. Some of its insurance
Dun & Bradstreet D-U-N-S® No 86-031-2381
plans include MetLife Mera Term Plan, MetLife Endowment Savings Plan Plus, MetLife Smart Child, MetLife Smart Platinum, MetLife Group Term Life Plus and MetLife Grameen Ashray. It has a presence in 127 locations across the country and serves customers in over 7,000 locations through bank partnerships. In Sep 2016, PNB MetLife launched its first online ULIP – MetLife MeraWealth Plan.
Financials (` mn) 30,756.2
Total Income
27,272.3
Total Premium
134,754.0
AUM Key Ratios
2.1
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
15.3
Reliance Nippon Life Insurance Company Limited H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400710, Maharashtra Website: www.reliancenipponlife.com Business Profile Reliance Nippon Life Insurance Company Ltd (Reliance Nippon Life), formerly known as Reliance Life Insurance Company Ltd is a part of Reliance Capital. The company caters to the life insurance needs of individuals, groups and corporate through protection plans, savings & investment plans, ULIPs, retirement plans, child plans and health plans. Some of the products offered by Reliance Nippon Life include Term Plan, Increasing Income Insurance Plan, Pension
Dun & Bradstreet D-U-N-S® No 65-045-2423
Builder, Smart Pension Plan, Education Plan, Easy Care Fixed Benefit Plan, Reliance Group Credit Assure Plus and reliance Group Sarv Samriddhi. As on Mar 31 2016, the company had over 10 mn policy holders and operated through a strong distribution network of over 800 branches and over 100,000 advisors. Reliance Nippon Life’s claim settlement ratio stood at 95% as on Mar 31 2016.
Financials (` mn) Total Income
54,894.1
Total Premium
43,706.4 159,357.4
AUM Key Ratios
3.0
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(4.8)
Sahara India Life Insurance Company Limited Sahara India Centre ,2, Kapoorthala Complex, Lucknow 226024, UP Website: www.saharalife.com Business Profile Sahara India Life Insurance Company Ltd (SILICL) was established by the Sahara Pariwar in the year 2004. The company operates as a wholly owned Indian private life insurance company without any foreign collaboration. The company offers a wide variety of insurance products for individuals and groups. SILICL offers a wide range of endowment, term insurance, annuity, riders, money back, unit link and group insurance plans. Some products of the company 118
include Sahara Shrestha Nivesh Jeevan Bima, Sahara Shubh Nivesh Jeevan Bima, Sahara Dhan Sanchay Jeevan Bima, Sahara Samooh Suraksha, Sahara Pay Back Jeevan Bima, Sahara Utkarsh – Jeevan Bima and Sahara Sanchit - Jeevan Bima among others. As on Mar 31 2016, the solvency margin of SILICL stood at 8.04. In FY16, the company settled 41,277 claims.
Dun & Bradstreet D-U-N-S® No 91-821-0324 Financials (` mn) Total Income
2,133.2
Total Premium
1,569.7 11,424.8
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
8.0 (5.9)
India’s Leading BFSI Companies 2017
SBI Life Insurance Company Limited Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069, Maharashtra Website: www.sbilife.co.in Business Profile SBI Life Insurance Company limited (SBI Life) is a JV between State Bank of India and BNP Paribas Cardif S.A. The company offers life insurance plans for individual and groups including ULIPs, child, retirement, saving, protection plans, group loan protection products, corporate solutions and group micro insurance plans. Some insurance products offered by the company include SBI Life – Smart Privilege, SBI Life – Smart Scholar, SBI Life – Saral Maha
Anand and SBI Life – Smart Elite. In FY16, AUM of company grew 12% to ` 798.3 bn and its claim settlement ratio improved to 95.8% from 92.4% in FY15. During the year, SBI Life launched various new products such as SBI Life - Smart Woman Advantage Plan, SBI Life - CSC Saral Sanchay, SBI Life - Smart Humsafar and SBI Life - eWealth Insurance.
Dun & Bradstreet D-U-N-S® No 65-053-5284 Financials (` mn) Total Income
194,448.5
Total Premium
156,654.5
AUM
794,557.1 Key Ratios 2.1
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
22.6
Shriram Life Insurance Company Limited Ramky Selenium, Plot No:31 & 32, Beside Andhra Bank Training Centre, Financial District, Gachibowli, Hyderabad-500032, India Website: www.shriramlife.com Business Profile Shriram Life Insurance Company Ltd (Shriram Life) is a JV between the Shriram Group and Sanlam Group. The company was incorporated in the year 2005 and commenced operations in 2006. The company offers various insurance plans such as term plans, savings plan, ULIP, pension plans, child plans, women plans, endowment plans, traditional plans, micro plans, protection plans and group plans. Some of the products include Shriram Life Family
Protection Plan, Cash Back Term, Immediate Annutiy Plus, Ujjwal Life, Shriram Life Growth Plus and New Shri Vivah amongst others. As on Jun 30, 2016, Shriram Life operated through a network of 533 branches across the country. In FY16, the company sold 0.27 mn policies and recorded y-o-y growth of 38% in gross premium income.
Dun & Bradstreet D-U-N-S® No 67-553-5141 Financials (` mn) Total Income
11,803.3
Total Premium
10,198.7
AUM
25,394.0 Key Ratios 2.4
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
39.2
Star Union Dai-ichi Life Insurance Company Limited 11th Floor, Vishwaroop I.T. Park, Plot No. 34, 35 & 38, Sector: 30A of IIP, Vashi, Navi Mumbai – 400 703, Maharashtra Website: www.sudlife.in Business Profile Star Union Dai-ichi Life Insurance Company Ltd (SUD Life) was established as a JV between Bank of India, Union Bank of India and The Daiichi Life Insurance Company Ltd, Japan. The company offers various insurance products for individuals and groups. For individuals, it provides a variety of products under protection, child, health, savings, retirement, wealth and withdrawn plans. For groups it offers retirement, credit life, term and group accidental benefit
riders. In FY16, AUM of SUD Life increased by 5.1% to ` 58.2 bn and its claim settlement ratio stood at 90.6%. The company recorded growth of 4% and 29% in new business premium and renewal premium income respectively in FY16. During the year, the company forayed into health segment with the launch of major illness product, Aarogyam.
Dun & Bradstreet D-U-N-S® No 67-739-1136 Financials (` mn) Total Income
14,477.2
Total Premium
12,776.6 55,956.5
AUM Key Ratios
1.9
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
13.0
Tata AIA Life Insurance Company Limited 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013, Maharashtra Website: www.tataaia.com Business Profile Tata AIA Life Insurance Company Ltd (Tata AIA Life), a JV between Tata Sons and AIA Group Ltd commenced its business operations in Apr 2001. The company offers various insurance solution for individuals under protection, wealth, saving, child, health, retirement, group, micro and riders. Some of the offerings include Tata AIA Life Insurance Secure 7, Tata AIA Life Insurance Good Kid, Tata AIA Life Insurance Group Total Suraksha, and Tata AIA Life Insurance Waiver
of Premium Plus Rider. As on Mar 31 2016, the company recorded solvency margin ratio of 348%. Some of the new products launched by Tata AIA Life in FY16 include Tata AIA Life Insurance Smart 7, Tata AIA Life Insurance Money Back Plus, Tata AIA Life Insurance Insta Wealth Plan and Tata AIA Life Insurance InvestOne.
Dun & Bradstreet D-U-N-S® No 91-958-7233 Financials (` mn) Total Income
32,446.5
Total Premium
24,358.0 189,876.9
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
3.5 15.6
119
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Total Premium AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Total Premium AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Total Premium AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Total Premium AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
120
About Union Bank of India Union Bank of India is the 5th largest Nationalized Bank in India by assets, with a pan-India presence. Established in the year 1919 and having its first head office inaugurated by the Father of the Nation, Mahatma Gandhi, Union Bank offers products and services for retail, agriculture, MSME, large corporate and NRI customers. The Bank has 4,237 branches, which include four overseas branches and 7,496 ATMs, dedicated call centres operating 24*7 in 9 languages and digital channels like internet banking, mobile banking and social media, viz. Facebook and Twitter. The Bank has a business mix of ` 656,819 crore, with deposits of ` 379,807 crore and advances of ` 277,012 crore as of December, 2016. Union Bank offers a host of digital banking services to customers. The Bank offers “Digipurse”, a mobile wallet with features like Bill Payment, DTH Recharge, Mobile Recharge, online and fund transfers, M-Passbook, appbased passbook, Union Selfie, appbased account opening and Ucontrol, app-based credit card control. Bringing more convenience to customers, the Bank’s ‘Union Xperience’ branches provides automated facilities such as self-service passbook printing, cheque deposit machines, phone banking hotlines, etc. The Bank has taken several other digital initiatives: IMPS through branches ― ours is the first Bank to do so, missed call facility for Mobile Banking and Account Balance; SMS-
based value added services. Further, keeping pace with India’s Digital transformation, the Bank in association with Visa has launched Business Debit Card, Usecure Credit Card and Signature Credit Card. Union Bank was the first amongst large public sector banks (PSBs) which implemented 100 per cent core banking solution (CBS). Union Bank is actively raising its international profile through overseas branches and representative offices. It has four foreign branches - at Hong Kong, Dubai International Financial Centre (UAE), Antwerp (Belgium) and Sydney (Australia) and one wholly owned subsidiary at London (UK). The Bank also has representative offices at Shanghai (China), Abu Dhabi (UAE) and Beijing (China). Union Bank has positioned itself as a prime remittance service provider for expatriates. The Bank has a joint venture in the life insurance space with Bank of India and Dai-ichi Life Insurance Co of Japan as Star Union Dai-ichi Life Insurance Company. It has a subsidiary for the asset management business, Union Asset Management Company. The Bank’s efforts have been acknowledged through various awards by well established names across all the major segments including HR & Training, Digital, Corporate Governance, Vigilance, Financial Inclusion and Information & Technology.
Total Income Listing
India’s Leading BFSI Companies 2017
India’s Leading BFSI Companies 2017 Sr No
Company Name
Type
Total Income (` mn)
1
The New India Assurance Company Limited
Public Sector
189,688.4
2
National Insurance Company Limited
Public Sector
145,802.2
3
United India Insurance Company Limited
Public Sector
126,660.5
4
The Oriental Insurance Company Limited
Public Sector
91,703.8
5
ICICI Lombard General Insurance Company Limited
Private Sector
60,335.3
6
Bajaj Allianz General Insurance Company Limited
Private Sector
50,770.4
7
IFFCO-TOKIO General Insurance Company Limited
Private Sector
32,424.7
8
Reliance General Insurance Company Limited
Private Sector
25,249.2
9
Tata AIG General Insurance Company Limited
Private Sector
23,998.5
10
Agriculture Insurance Company of India Limited
Public Sector (Specialised Insurer)
22,768.0
11
HDFC ERGO General Insurance Company Limited
Private Sector
20,694.7
12
Cholamandalam MS General Insurance Company Limited
Private Sector
20,174.6
13
Shriram General Insurance Company Limited
Private Sector
19,918.8
14
Royal Sundaram General Insurance Company Limited
Private Sector
16,283.6
15
ECGC Limited
Public Sector (Specialised Insurer)
16,186.4
16
Star Health and Allied Insurance Company Limited
Private Sector (Standalone Health Insurer)
15,962.0
17
SBI General Insurance Company Limited
Private Sector
14,704.9
18
Bharti AXA General Insurance Company Limited
Private Sector
13,916.6
19
Future Generali India Insurance Company Limited
Private Sector
12,859.0
20
Apollo Munich Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
8,473.8
21
Universal Sompo General Insurance Company Limited
Private Sector
6,292.0
22
Magma HDI General Insurance Company Limited
Private Sector
4,514.5
23
Max Bupa Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
4,363.2
24
HDFC General Insurance Limited
Private Sector
3,448.9
25
Liberty Videocon General Insurance Company Limited
Private Sector
3,437.7
26
Religare Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
3,216.3
27
Cigna TTK Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
847.3
28
Raheja QBE General Insurance Company Limited
Private Sector
429.4
Re-Insurance Sr No 1
Company Name General Insurance Corporation of India
Total Income (` mn) 197,187.0
123
124
Total Income Listing
India’s Leading BFSI Companies 2017
Public Sector Insurance Companies Sr No
Company Name
Total Income (` mn)
1
The New India Assurance Company Limited
189,688.4
2
National Insurance Company Limited
145,802.2
3
United India Insurance Company Limited
126,660.5
4
The Oriental Insurance Company Limited
91,703.8
5
Agriculture Insurance Company of India Limited
22,768.0
6
ECGC Limited
16,186.4
Re-Insurance Sr No 1
Company Name General Insurance Corporation of India
Total Income (` mn) 197,187.0
Private Sector Insurance Companies Sr No
Company Name
Total Income (` mn)
1
ICICI Lombard General Insurance Company Limited
60,335.3
2
Bajaj Allianz General Insurance Company Limited
50,770.4
3
IFFCO-TOKIO General Insurance Company Limited
32,424.7
4
Reliance General Insurance Company Limited
25,249.2
5
Tata AIG General Insurance Company Limited
23,998.5
6
HDFC ERGO General Insurance Company Limited
20,694.7
7
Cholamandalam MS General Insurance Company Limited
20,174.6
8
Shriram General Insurance Company Limited
19,918.8
9
Royal Sundaram General Insurance Company Limited
16,283.6
10
Star Health and Allied Insurance Company Limited
15,962.0
11
SBI General Insurance Company Limited
14,704.9
12
Bharti AXA General Insurance Company Limited
13,916.6
13
Future Generali India Insurance Company Limited
12,859.0
14
Apollo Munich Health Insurance Company Limited
8,473.8
15
Universal Sompo General Insurance Company Limited
6,292.0
16
Magma HDI General Insurance Company Limited
4,514.5
17
Max Bupa Health Insurance Company Limited
4,363.2
18
HDFC General Insurance Limited
3,448.9
19
Liberty Videocon General Insurance Company Limited
3,437.7
20
Religare Health Insurance Company Limited
3,216.3
21
Cigna TTK Health Insurance Company Limited
847.3
22
Raheja QBE General Insurance Company Limited
429.4
Total Income Listing
India’s Leading BFSI Companies 2017
TD BANK LEVERAGES AN INSTANT ISSUANCE SOLUTION TO HELP ACHIEVE GOAL OF BEING AMERICA’S MOST CONVENIENT BANK®
125
CUSTOMER PROFILE TD Bank is one of the 10 largest banks in the U.S., with approximately 26,000 employees and deep roots in the community dating back more than 150 years. The Bank offers a broad array of retail, small business and commercial banking products and services to more than 8.5 million customers through its extensive network of more than 1,200 convenient locations throughout the Northeast, Mid- Atlantic, Metro D.C., the Carolinas and Florida. CHALLENGE: TD Bank prides itself on providing top-notch customer service and strives to create the most convenient customer experience possible. In 2008, the Bank realized that offering instant issuance of new and replacement debit cards in branch locations would bring a new level of convenience to their customers and provide the Bank with a competitive advantage. SOLUTION: By implementing an instant issuance program featuring state-of-the-art Entrust Datacard® CardWizard® issuance software and Entrust Datacard® instant issuance systems with associated supplies, TD Bank now offers instant issuance of new and replacement debit cards across all of their 1,200+ locations. RESULTS: TD Bank created an unforgettable customer experience by instantly offering new and replacement debit cards utilizing the proven Entrust DatacardTM instant issuance solution. Their instant issuance offering has become a customer expectation and a staple to the wide range of services that the Bank has to offer. Bank Human – If Something Matters to Humans, it Matters to TD Bank. TD Bank is committed to building human experiences through real advice
and connection. They’re dedicated to the community, to diversity and to the environment. The Bank is focused on always being more customer centric, more human and more convenient than any other bank. To meet their customer’s expectations of being America’s Most Convenient Bank®, the Bank has deployed several strategies including longer hours, keeping branches open on weekends, mobile and online banking options as well as instant issuance of permanent new or replacement debit cards in the branch. Enhancing the In-Branch Customer Experience TD Bank was an early adopter of instant issuance being one of the first banks out of the top 100 largest banks in the U.S. to implement an instant issuance program. They began their instant card issuance program in 2008 by implementing Entrust Datacard® instant issuance solution in 1,000 locations. This allowed the Bank to instantly issue new and replacement debit cards in the branch, thereby increasing overall customer satisfaction. With Entrust Datacard instant issuance solution, TD customers enjoy instant access to permanent debit cards giving them immediate
purchasing power as soon as they leave the branch. “Our customers have come to rely on our instant issuance offering. They expect instant access to new, lost or stolen debit cards and the Entrust Datacard solution allows us to deliver this service,” said Aravind Immaneni, Head of Retail Distribution Strategy and Operations, TD Bank. TD Bank chose to partner with Entrust Datacard for a variety of reasons – most importantly, the Bank needed a reliable solution that they could trust and Entrust Datacard offered the most proven solution in the industry. Future Plans After successfully launching their instant issuance program in 2008, TD Bank has expanded the offering to more than 1,200 locations. Later this year, the Bank will migrate their solution to issue permanent, EMV debit cards. Due to the outstanding success the Bank has seen with their instant issuance debit card program, they have decided to roll out instant issuance of EMV credit cards in the next several months. “This is a natural extension of our program and I’m confident it will give us an edge over our competition,” said Immaneni.
TRANSFORM YOUR BRANCH Instant Debit & Credit Cards V ISSUA EM N CE
SELECTION
A
NEW
G IN
T OUN OPEN CC
Y ENC CARD RG
CE PLA MEN T RE
EM E
N PI
Net Premium Earned Listing
India’s Leading BFSI Companies 2017
127
India’s Leading BFSI Companies 2017 Sr No
Company Name
Type
Net Premium Earned (` mn)
1
The New India Assurance Company Limited
Public Sector
149,598.3
2
National Insurance Company Limited
Public Sector
107,913.8
3
United India Insurance Company Limited
Public Sector
100,228.7
4
The Oriental Insurance Company Limited
Public Sector
70,239.0
5
ICICI Lombard General Insurance Company Limited
Private Sector
48,216.2
6
Bajaj Allianz General Insurance Company Limited
Private Sector
42,236.5
7
IFFCO-TOKIO General Insurance Company Limited
Private Sector
28,049.5
8
Tata AIG General Insurance Company Limited
Private Sector
20,627.4
9
Reliance General Insurance Company Limited
Private Sector
19,994.0
10
Agriculture Insurance Company of India Limited
Public Sector (Specialised Insurer)
18,622.3
11
HDFC ERGO General Insurance Company Limited
Private Sector
17,085.4
12
Cholamandalam MS General Insurance Company Limited Private Sector
16,908.0
13
Star Health and Allied Insurance Company Limited
Private Sector (Standalone Health Insurer)
15,138.7
14
Shriram General Insurance Company Limited
Private Sector
14,810.6
15
Royal Sundaram General Insurance Company Limited
Private Sector
13,900.2
16
SBI General Insurance Company Limited
Private Sector
12,068.9
17
Bharti AXA General Insurance Company Limited
Private Sector
11,582.2
18
Future Generali India Insurance Company Limited
Private Sector
10,814.4
19
ECGC Limited
Public Sector (Specialised Insurer)
9,789.4
20
Apollo Munich Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
7,749.0
21
Universal Sompo General Insurance Company Limited
Private Sector
5,305.6
22
Max Bupa Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
3,931.1
23
Magma HDI General Insurance Company Limited
Private Sector
3,732.2
24
HDFC General Insurance Limited
Private Sector
2,978.3
25
Liberty Videocon General Insurance Company Limited
Private Sector
2,963.0
26
Religare Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
2,877.3
27
Cigna TTK Health Insurance Company Limited
Private Sector (Standalone Health Insurer)
709.6
28
Raheja QBE General Insurance Company Limited
Private Sector
214.9
Re-Insurance Sr No 1
Company Name General Insurance Corporation of India
Net Premium Earned (` mn) 151,728.4
India’s Leading BFSI Companies 2017
Agriculture Insurance Company of India Limited Ambadeep, 13th Floor, 14, Kasturba Gandhi Marg, New Delhi - 110001, Delhi Website: www.aicofindia.com Business Profile Agriculture Insurance Company of India Ltd (AIC) was incorporated in Dec 2002 and commenced business from Apr 2003. The company is primarily engaged in implementation National Agriculture Insurance Scheme and undertaking other insurance businesses directly or indirectly related to agriculture and its allied activities. Few of the agriculture insurance schemes offered by AIC include weather based crop insurance scheme, apple insurance, wheat
insurance, grapes insurance, bio fuel tree plant insurance scheme, coconut palm insurance scheme, potato insurance, pulpwood insurance, and rubber plantation insurance among others. AIC has various channel partners including corporate agents, financial institutions, Krishi Bima Sansthan and micro insurance agents. In FY16, AIC recorded gross direct premium of ` 35.2 bn registering y-o-y growth of 22.2%. As on Mar 31 2016, solvency ratio of the company grew to 3.26 compared to 3.18 in FY15.
Dun & Bradstreet D-U-N-S® No 65-004-8122 Financials (` mn) Total Income
22,768.0
Net Premium Earned
18,622.3
AUM
61,229.0 Key Ratios 3.3
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
16.5
Apollo Munich Health Insurance Company Limited Apollo Hospitals Complex, Jubilee Hills, Hyderabad - 500033, Telangana Website: www.apollomunichinsurance.com Business Profile Apollo Munich Health Insurance Company Ltd (Apollo Munich) is a JV between The Apollo Hospitals Group, its associates and Munich Health. The company operates as a health insurer and offers health, personal accident and travel insurance solutions on a pan India basis. Under health insurance plans, it offers various plans for individuals, families and senior citizens which include Optima Restore, Dengue Care Plan, Optima Cash, Optima Plus, Optima Vital,
Optima Super and Maxima amongst others. It also offers Easy Travel Insurance for family and individual in addition to a unique Annual MultiTrip Easy Travel Insurance Plan. Apollo Munich offers Premium Plan and Standard Plan under personal accident insurance solutions. The company has a network of 25,000 agents across the country and also has exclusive tieups with NBFCs for distributing their insurance solutions.
Dun & Bradstreet D-U-N-S® No 67-593-6974 Financials (` mn) Total Income
8,473.8
Net Premium Earned
7,749.0
AUM
8,804.8 Key Ratios 1.5
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
18.1
Bajaj Allianz General Insurance Company Limited G.E. Plaza, Airport Road, Yerawada, Pune - 411006, Maharashtra Website: www.bajajallianz.com Business Profile Bajaj Allianz General Insurance Company Ltd (Bajaj Allianz GIC) is a JV between Bajaj Finserv Ltd and Allianz SE of Germany. The company offers wide range of general insurance products in the areas of motor, health, travel, home and commercial. Various insurance products offered under home, travel, motor and health insurance include car insurance, two-wheeler insurance, house holder’s package policy, and my home insurance amongst others. Under
commercial insurance, it caters to a several verticals ranging from SMEs to large corporate houses and MNCs by offering insurance in areas of property, marine, liability, financial lines, engineering, energy, employee benefits and international insurance. In FY16, it issued over 8.3 mn policies and number of claims reported stood at 0.78 mn.
Dun & Bradstreet D-U-N-S® No 91-844-0918 Financials (` mn) Total Income
50,770.4
Net Premium Earned
42,236.5
AUM
89,346.5 Key Ratios 2.5
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
10.2
Bharti AXA General Insurance Company Limited First Floor, The Ferns Icon, Survey No. 28, Next to Akme Ballet, Doddanekundi, Off Outer Ring Road, Bangalore- 560037, Karnataka Website: www.bharti-axagi.co.in Business Profile Bharti AXA General Insurance Company Ltd (Bharti AXA GIC) is a JV between Bharti Enterprises and AXA, with 51% stake held by Bharti Enterprises and the rest 49% by AXA. The company commenced national operations in Aug 2008. The company offers wide portfolio of insurance products in areas of car insurance, two-wheeler, health insurance, critical illness insurance, personal accident, home and travel insurance products. It also offers other value 128
added insurance products such as SME package, commercial line, motor third party liability and commercial vehicle insurance. In FY16, Bharti AXA GIC settled 60,012 claims and the number of claims outstanding stood at 35,446. As On Jun 30 2016, the company operated through a network of 83 branches.
Dun & Bradstreet D-U-N-S® No 91-594-7375 Financials (` mn) Total Income
13,916.6
Net Premium Earned
11,582.2
AUM
28,402.8 Key Ratios
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
1.6 (3.8)
India’s Leading BFSI Companies 2017
Cholamandalam MS General Insurance Company Limited Dare House, II Floor, N.S.C. Bose Road, Parrys, Chennai - 600001, TN Website: www.cholainsurance.com Business Profile Cholamandalam MS General Insurance Company Ltd (Chola MS) is a JV between Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. Chola MS offers a wide range of products including accident, engineering, health, liability, marine, motor, property, travel and rural insurance for individuals and corporate. Some of the policies offered by Chola MS include Chola Tax Plus Healthline, Chola Hospital Cash Healthline, Chola Protect, Chola Student Travel
Protection Plan, Chola Corporate Travel Days and Home Protect amongst others. In FY16, the company operated through a network of 534 branches across 25 states and UTs. As on Mar 31 2015, AUM of Chola MS stood at ` 320.6 bn. During the year, the company made an investment of ` 80 mn for a majority stake in White Data Systems India Pvt Ltd, a freight aggregator to supplement the truck lending business.
Dun & Bradstreet D-U-N-S® No 67-563-4270 Financials (` mn) Total Income
20,174.6
Net Premium Earned
16,908.0
AUM
38,748.2 Key Ratios 1.6
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
14.1
Cigna TTK Health Insurance Company Limited 401/402, Raheja Titanium, Western Express Highway, Goregaon (East), Mumbai - 400063, Maharashtra Website: www.cignattkinsurance.in Business Profile Cigna TTK Health Insurance Company Ltd (Cigna TTK) is a JV between TTK Group and USbased Cigna Corporation which commenced its business operations in 2014. Cigna TTK is a standalone health insurance company with presence in 15 cities across the country. Some of the health insurance plans offered by Cigna TTK ProHealth Insurance, Cigna TTK Global Health Group Policy, ProHealth Group Insurance Policy and Cigna TTK Lifestyle Protection- Accident
Care amongst others. As on Mar 31 2016, the company operated through 16 branches and its solvency ratio of the company stood at 154%. In FY16, Cigna TTK launched ProHealth Cash designed to provide top-up, gap and base cover option to varied consumer segments based on current coverage and overall affordability criteria. In Apr 2016, Cigna TTK launched pioneering health saving product solutions – ProHealth Accumulate.
Dun & Bradstreet D-U-N-S® No 86-031-2361 Financials (` mn) 847.3
Total Income Net Premium Earned
709.6 2,066.2
AUM Key Ratios
1.5
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
963.1
ECGC Limited Express Towers, 10th Floor, Nariman Point, Mumbai - 400021, Maharashtra Website: www.ecgcindia.in Business Profile ECGC Limited (ECGC), formerly known as Export Credit Guarantee Corporation of India Ltd was set up in 1957 and acquired its present name in Aug 2014. ECGC is a GoI enterprise which provides export credit insurance facilities to exporters and banks in the country. It functions under the administrative control of Ministry of Commerce & Industry. ECGC’s product portfolio comprises export credit insurance for exporter, for banks and special schemes. The special
schemes offered by ECGC include buyer’s credit cover, line of credit cover, factoring, overseas investment insurance and customer specific cover. The company also manages a trust named NEIA for supporting MLT exports to difficult countries. In FY16, ECGC issued and renewed 10,516 short term export credit insurance policies and covered business worth ` 1,358 bn.
Dun & Bradstreet D-U-N-S® No 91-793-6353 Financials (` mn) 16,186.4
Total Income Net Premium Earned
9,789.4 71,846.3
AUM Key Ratios
9.8
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(4.0)
Future Generali India Insurance Company Limited Indiabulls Finance Centre, Tower 3, 6th Floor, Elphinstone Road (W), Mumbai - 400013, Maharashtra Website: www.general.futuregenerali.in Business Profile Future Generali India Insurance Company Ltd (Future Generali) is a JV between India-based Future Group and the Italy-based Generali Group. The company was incorporated in 2006 to carry on the business of general insurance. The company’s product portfolio comprises of personal insurance comprising health insurance, motor insurance, travel insurance, home insurance, lifestyle insurance, along with commercial insurance products and rural &
social insurance products. Under commercial products, it offers insurance for property, engineering, liability, marine, event and employee benefits. Rural insurance schemes include Sampoorna Suraksha, Janata Personal Accident, Cattle livestock insurance and Pradhan Mantri Suraksha Bima Yojana. During FY16, it opened 11 new branches taking its total branches to 138. As on Mar 31 2016, AUM of the company stood at over ` 20 bn and solvency ratio stood at 1.54.
Dun & Bradstreet D-U-N-S® No 65-030-8919 Financials (` mn) Total Income
12,859.0
Net Premium Earned
10,814.4
AUM
20,240.1 Key Ratios
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
1.5 0.2
129
India’s Leading BFSI Companies 2017
General Insurance Corporation of India Suraksha, 170, Jamshedji Tata Road, Churchgate, Mumbai - 400020, Maharashtra Website: www.gicofindia.com Business Profile General Insurance Corporation of India (GIC Re) was incorporated in 1972 by the GoI for controlling and carrying on the business of general insurance. Pursuant to the IRDA Act of 1999, GIC Re was re-notified as the Indian reinsurer in Nov 2000. GIC Re is engaged in providing reinsurance to the direct general insurance companies in the domestic market. GIC Re’s domestic reinsurance policies cover areas like property, marine including hull,
energy, engineering, aviation, and liability among others. The company has overseas presence through a representative office in Moscow and branch offices in Dubai, London and Malaysia. It also has subsidiaries and JVs in South Africa, UK, Kenya, Singapore and Bhutan. In FY16, GIC Re recorded gross premium of ` 184.4 bn and solvency ratio of the corporation stood at 3.48 as on Mar 31 2016.
Dun & Bradstreet D-U-N-S® No 65-073-3371 Financials (` mn) Total Income
197,187.0
Net Premium Earned
151,728.4
AUM
340,503.2 Key Ratios 3.5
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
11.9
HDFC ERGO General Insurance Company Limited 1st Floor, 165-166, Backbay Reclamation, H. T. Parekh Marg, Churchgate, Mumbai - 400020, Maharashtra Website: www.hdfcergo.com Business Profile HDFC ERGO General Insurance Company Ltd (HDFC ERGO) is a JV between HDFC Ltd and ERGO International AG. HDFC ERGO offers complete range of general insurance products catering to the retail and corporate space. Its offers insurance solutions in the areas of motor, health, travel, home, personal accident and certain customized products like property, marine and liability insurance in the corporate space. HDFC ERGO also offers rural insurances for
agriculture, cattle and Rainfall Index Insurance for farmer’s safety. In FY16, the company sold over 4.8 mn policies and operated through a network of 108 branches and various channel partners. In Jan 2017, HDFC ERGO launched new policy called Trade Credit Insurance policy to safeguard suppliers against the risk of nonpayment for goods or services delivered to the buyers.
Dun & Bradstreet D-U-N-S® No 72-557-7337 Financials (` mn) Total Income
20,694.7
Net Premium Earned
17,085.4
AUM
41,313.0 Key Ratios 1.7
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
2.1
HDFC General Insurance Limited 6th Floor, Leela Business Park, Andheri Kurla Road, Andheri (E), Mumbai - 400059 Website: www.hdfcgi.com Business Profile HDFC General Insurance Ltd (HDFC General), formerly known as L&T General Insurance Company Ltd, is wholly owned subsidiary of HDFC ERGO. The company provides a complete range of general insurance products under health, motor, home, corporate and SME insurance serving to the needs of individuals, SMEs and corporate across India. Some if its policies include Asset Private Car Package Policy, Health Medisure Prime Insurance, Health
Personal Accident Insurance and Jeevika Cash@ hospital Micro Insurance, Asset Insta Home Insurance and Business Hospitality & Leisure Insurance amongst others.
Dun & Bradstreet D-U-N-S® No 67-624-2994 Financials (` mn) Total Income
3,448.9
Net Premium Earned
2,978.3
AUM
6,017.9 Key Ratios 1.5
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
44.5
ICICI Lombard General Insurance Company Limited ICICI Lombard House, 414, Veer Savarkar Marg, Prabhadevi, Mumbai - 400025, Maharashtra Website: www.icicilombard.com Business Profile ICICI Lombard General Insurance Company Ltd (ICICI Lombard) is a JV between ICICI Bank Ltd and Fairfax Financial Holding Ltd, a Canadabased company. The company offers wide range of general insurance products in the form of motor insurance, health insurance, travel insurance, home insurance, speciality lines insurance, property insurance, marine insurance, weather insurance and mass health insurance. As on Mar 31 2016, the company 130
operated through a network of 257 branches across the country. During the year, ICICI Lombard issued over 15.8 mn policies and settled over 1.62 mn claims. In FY16, ICICI Lombard’s solvency ratio stood at 1.82 and its gross written premium stood at 83.1 bn. During the year, the company introduced the Outpatient Department (OPD) health insurance offering in the form of a cashless OPD card for corporate enterprises.
Dun & Bradstreet D-U-N-S® No 91-862-0469 Financials (` mn) Total Income
60,335.3
Net Premium Earned
48,216.2 112,579.1
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
1.8 13.8
India’s Leading BFSI Companies 2017
IFFCO-TOKIO General Insurance Company Limited IFFCO SADAN, C-1 District Centre, Saket, New Delhi – 110017, Delhi Website: www.iffcotokio.co.in Business Profile IFFCO-TOKIO General Insurance Company Ltd (IFFCO-Tokio) was incorporated in Dec 2000. IIFCO-Tokio is a JV between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates, as well as Tokio Marine and Nichido Fire Group. The company offers a variety of general insurance products such as motor, health, travel, home insurance and other policies like business insurance, micro & rural insurance and speciality insurance amongst others. It also
offers niche products like Credit Insurance, Fine Arts Insurance, Errors and Omission Policy for the IT Sector and P & I insurance. In addition, the company caters to the rural areas through its products such as Sankat Haran Bima Yojana, Mausam Bima Yojana, Mahila Suraksha Bima Yojana and Janata Bima Yojana. In FY16, IFFCOTokio settled 636,053 claims and sold 6.7 mn policies.
Dun & Bradstreet D-U-N-S® No 87-181-2175 Financials (` mn) Total Income
32,424.7
Net Premium Earned
28,049.5
AUM
48,310.6 Key Ratios 1.6
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
23.7
Liberty Videocon General Insurance Company Limited 10th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai - 400013, Maharashtra Website: www.libertyvideocon.com Business Profile Liberty Videocon General Insurance Company Ltd (Liberty Videocon) is a JV between Videocon Industries Ltd and Liberty Citystate Holdings Pte Ltd. Liberty Videocon provides comprehensive private, commercial and industrial insurance solutions. Under personal insurance, the company offers covers for private cars, twowheelers and health. Under the corporate solutions segment, it offers insurance policies pertaining to engineering, property, employee
benefits, group health insurance, marine and commercial vehicles package policy. It has risk engineering cell with specialists in areas like fire protection, industrial safety, liability, transportation, equipment breakdown, and business continuity to help effective risk control solutions. In Aug 2016, Liberty Videocon launched multi-year two-wheeler package policy and in Jan 2017 it expanded its health insurance portfolio with the launch of new super top-up plan Healthconnect Supra.
Dun & Bradstreet D-U-N-S® No 65-066-0975 Financials (` mn) Total Income
3,437.7
Net Premium Earned
2,963.0
AUM
5,136.1 Key Ratios 2.2
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
54.3
Magma HDI General Insurance Company Limited Magma House, 24 Park Street, Kolkata- 700016, WB Website: www.magma-hdi.co.in Business Profile Magma HDI General Insurance Company Ltd (Magma HDI General) was incorporated in 2009 as a JV between Magma Fincorp Ltd and HDIGerling International Holding AG, Germany. The company provides motor insurance policies, liability insurance, fire insurance, engineering insurance, marine insurance policies, burglary insurance, individual personal accident policy, shopkeeper’s package policy and Householder’s package policy. It also offers a product called ‘all
risk policy’ that is designed to cover valuable movable equipment and certain personal effects like laptops, mobile phones, jewellery, etc., that are not confined to homes and are vulnerable to both, natural perils as well as theft and snatching among others. In FY16, the company issued 0.34 mn policies and settled 35,984 claims.
Dun & Bradstreet D-U-N-S® No 65-061-5383 Financials (` mn) Total Income
4,514.5
Net Premium Earned
3,732.2
AUM
8,663.3 Key Ratios 1.8
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
(8.1)
Max Bupa Health Insurance Company Limited B-1/I-2, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi-110044, Delhi Website: www.maxbupa.com Business Profile Max Bupa Health Insurance Company Ltd (Max Bupa) is a JV between Max India Ltd and the UK based healthcare services expert, Bupa. Max Bupa is engaged in providing health insurance and related services to its clients. The company offers health insurance policies namely Health Assurance, Heartbeat and Health Companion to the individuals, couple, nuclear family and extended family. Under the corporate segment, the company offers Group Health Insurance,
Employee First Health Insurance and Group Personal Accident Insurance. As on Sep 2016, the company operated through the network of 27 branches across the country. In FY16, Max Bupa issued 0.26 mn policies and settled 60,275 claims.
Dun & Bradstreet D-U-N-S® No 87-228-8347 Financials (` mn) Total Income
4,363.2
Net Premium Earned
3,931.1
AUM
5,661.5 Key Ratios
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
2.2 24.7
131
India’s Leading BFSI Companies 2017
National Insurance Company Limited 3 Middleton Street, Prafulla Chandra Sen Sarani, Kolkata - 700071, WB Website: www.nationalinsuranceindia.nic.co.in Business Profile National Insurance Company Ltd (NIC) was incorporated in 1906. In 1972, in line with the General Insurance Business Nationalisation Act, 21 foreign and 11 Indian companies were amalgamated with the company and subsequently NIC was made a subsidiary of GIC. Presently, it operates as a GoI undertaking. NIC provides a variety of general insurance products for individual, rural, industrial and commercial customers. The company offers various
insurance policies under motor, health, personal, rural, machinery, electronic equipment, fire & special perils and shopkeeper’s insurance. The company operated through a network of 1,995 branches including 1,859 urban and 136 rural branches across the country. As on Mar 31 2016, the solvency ratio of NIC stood at 126%.
Dun & Bradstreet D-U-N-S® No 65-028-1488 Financials (` mn) Total Income
145,802.2
Net Premium Earned
107,913.8
AUM
171,424.7 Key Ratios 1.3
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
9.0
The New India Assurance Company Limited New India Building, 87, M.G. Road, Fort, Mumbai - 400001, Maharashtra Website: www.newindia.co.in Business Profile The New India Assurance Company Ltd (New India Assurance) was incorporated in 1919 by the Tata Group. In 1973, New India Assurance was nationalised with the merger of other Indian companies. New India Assurance offers a wide range of insurance products under personal, commercial, industrial, liability and social insurance. Some of the policies offered by New India Assurance include Rasta Apatti Kavach, Householder’s Policy, Motor Policy,
Suhana Safar Policy, Jewellers Block Policy, Bankers Indemnity Policy, Marine Cargo Policy, Electronics Equipment Policy, Mega Package Policies and Consequential Loss Policy among others. As on Mar 31 2016, New India Assurance operated through 2,329 offices in India and 16 branch and agency offices overseas. In FY16, the company recorded gross direct premium of ` 151.5 bn registering a y-o-y growth of 15%.
Dun & Bradstreet D-U-N-S® No 86-213-1364 Financials (` mn) Total Income
189,688.4
Net Premium Earned
149,598.3
AUM
261,805.5 Key Ratios 2.3
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
12.4
The Oriental Insurance Company Limited Oriental House, A-25/27, Asaf Ali Road, New Delhi – 110002, Delhi Website: www.orientalinsurance.org.in Business Profile The Oriental Insurance Company Ltd (Oriental Insurance) was incorporated in Sep 1947. The company offers a vast portfolio of insurance products such as motor insurance, health insurance, shopkeepers & householder’s insurance, fire, marine hull, engineering, aviation, liability, agriculture and personal accident insurance, among others. The company also specializes in devising special insurance covers for large projects like power
plants, petrochemical, steel and chemical plants. It also has international presence with offices in Nepal, Kuwait and Dubai. As on Mar 31 2016, the solvency margin of the company stood at 1.59. In FY16, Oriental Insurance recorded y-o-y growth of 13.9% and 16.5% in gross premium and net premium respectively. Under reinsurance operations, its net to gross ratio increased to 87.6% in FY16 compared to 85.6% in FY15.
Dun & Bradstreet D-U-N-S® No 65-010-8491 Financials (` mn) Total Income
91,703.8
Net Premium Earned
70,239.0 122,142.7
AUM Key Ratios
1.6
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
9.3
Raheja QBE General Insurance Company Limited Windsor House, 5th Floor, CST Road Kalina, Santacruz (East) Mumbai - 400098, Maharashtra Website: www.rahejaqbe.com Business Profile Raheja QBE General Insurance Company Ltd (Raheja QBE) is a JV promoted by Prism Cement Ltd, India and QBE Holdings (AAP) Pty Ltd, a wholly owned subsidiary of QBE Insurance Group Ltd. The company offers a range of personal insurance products specifically designed to meet the needs of individuals and families. Some of the personal insurance products offered by Raheja QBE include personal accident, cattle, domestic property 132
and health insurance. Raheja QBE also offers a range of business insurance solutions including accident, commercial packages, commercial property, construction & engineering, general liability, marine, motor, professional liability and workers compensation amongst other. As on Jun 30, 2016 solvency margin of the company stood at 441%.
Dun & Bradstreet D-U-N-S® No 85-904-0673 Financials (` mn) Total Income
429.4
Net Premium Earned
214.9 2,554.5
AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
4.4 10.1
India’s Leading BFSI Companies 2017
Reliance General Insurance Company Limited Reliance Centre, 19 Walchand Hirachand Marg, Mumbai - 400001, Maharashtra Website: www.reliancegeneral.co.in Business Profile Reliance General Insurance Company Ltd (Reliance General), a subsidiary of Reliance Capital commenced was incorporated in the year 2000. The company provides insurance products to cover motor, health, travel, office, travel and home insurance. Under health insurance the company provides healthgain, wellness and personal accident policies while under motor incusrance it provides car, two wheeler and commercial vehicles insurance.
The company also offers travel insurance for overseas travel, annual multi-trip, senior citizens and Schengen travel insurance. It also caters to the corporate and SME segment by providing insurance policies in areas of fire, marine, package, burglary and group mediclaim among others. During the year FY16, Reliance General managed 6,000 commercial line claims and its underwritten gross direct premium stood at ` 27.9 bn.
Dun & Bradstreet D-U-N-S® No 65-037-3256 Financials (` mn) Total Income
25,249.2
Net Premium Earned
19,994.0
AUM
53,953.3 Key Ratios 1.6
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
4.2
Religare Health Insurance Company Limited 5th Floor, 19, Chawla House, Nehru Place, New Delhi-110019 Website: www.religarehealthinsurance.com Business Profile Religare Health Insurance Company Ltd (Religare Health) is jointly owned by Religare Enterprises Ltd, Union Bank of India and Corporation Bank. Religare Health is engaged in the distribution and servicing of health insurance products for individuals, families and senior citizens. At a broad level, the company provides health insurance policies, travel insurance and fixed benefit insurance policies. Under health insurance, it offers maternity, new born, critical
illness health insurance and personal accident insurance. Under travel insurance it provides international travel and health insurance for students. It has an association with over 4,900 hospitals across India for cashless treatment and to ease the claim process. Religare Health operates through 56 offices across the country.
Dun & Bradstreet D-U-N-S® No 65-047-1795 Financials (` mn) Total Income
3,216.3
Net Premium Earned
2,877.3
AUM
4,533.0 Key Ratios 1.9
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
87.2
Royal Sundaram General Insurance Company Limited No.21,Patullos Road,Chennai - 600 002 Website: www.royalsundaram.in Business Profile Royal Sundaram General Insurance Company Ltd (Royal Sundaram), formerly known as Royal Sundaram Alliance Insurance Company Ltd, was a JV between Sundaram Finance Ltd India and Royal & SunAlliance Plc London. In Jul 2015, the company acquired its present name subsequent to the acquisition of 26% stake by Sundaram Finance. The company offers motor, health, personal accident, home and travel Insurance for individual customers along with
specialised insurance products in fire, marine, engineering, liability and business interruption risks for commercial customers. As on Mar 31 2016, Royal Sundaram operated through 116 branches across the country and its solvency ratio stood at 155%. In FY16, the company settled 94,594 claims. In Aug 2016, Royal Sundaram launched Lifeline, its flagship health insurance product in UP.
Dun & Bradstreet D-U-N-S® No 87-180-4474 Financials (` mn) Total Income
16,283.6
Net Premium Earned
13,900.2
AUM
27,183.4 Key Ratios 1.6
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
6.6
SBI General Insurance Company Limited Natraj, 101-201-301, Andheri (East), Mumbai - 400069, Maharashtra Website: www.sbigeneral.in Business Profile SBI General Insurance Company Ltd (SBI General) is a JV between the State Bank of India and Insurance Australia Group. The company caters to the individual segment through its offerings that include home insurance, personal accident insurance, travel insurance, health insurance and motor insurance for private car & two-wheeler. Under the business insurances, the company offers aviation, fire, marine, package, construction & engineering,
liability, group health, group personal accident & miscellaneous insurance. It also has various offerings under the rural segment such as cattle insurance, agriculture pumpset insurance, micro insurance and sheep & goat insurance. As on Mar 31, 2016, the company operated through 110 branches across the country and its solvency ratio stood at 200%.
Dun & Bradstreet D-U-N-S® No 85-955-7863 Financials (` mn) Total Income
14,704.9
Net Premium Earned
12,068.9
AUM
33,046.2 Key Ratios
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
1.8 32.4
133
India’s Leading BFSI Companies 2017
Shriram General Insurance Company Limited E-8, EPIP, RIICO Industrial Area, Sitapura, Jaipur - 302022, Rajasthan Website: www.shriramgi.com Business Profile Shriram General Insurance Company Ltd (Shriram General) operated as a 74:26 JV between Shriram Capital Ltd and Sanlam Ltd, South Africa till Sep 2012. Presently, it is a part of Shriram Capital Ltd. The company is engaged in the business of providing general insurance in the areas of car insurance, two-wheeler insurance, commercial vehicle insurance, business and home insurance among others. It also offers fire insurance, engineering insurance, marine
insurance, liability insurance, Shri Suraksha insurance, householder’s umbrella package insurance, shopkeeper umbrella package insurance, personal accident insurance, fidelity guarantee policy, burglary insurance, all risk insurance and business protector policy. As on Mar 2016, the company operated through 135 branches across the country and its solvency ratio stood at 198%.
Dun & Bradstreet D-U-N-S® No 67-619-0179 Financials (` mn) Total Income
19,918.8
Net Premium Earned
14,810.6
AUM
60,197.1 Key Ratios 2.0
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
6.2
Star Health and Allied Insurance Company Limited No. 1, New Tank Street, Valluvarkottam High Road, Nungambakkam, Chennai - 600034, TN Website: www.starhealth.in Business Profile Star Health and Allied Insurance Company Ltd (Star Health) commenced operations in the year 2006. Star Health is primarily engaged in the health insurance business and caters to individuals, families, students and corporates. The company’s health insurance product portfolio includes schemes namely Star Comprehensive, Family Health Optima, Senior Citizen Red Carpet Health, Super Surplus, Star Unique Health, Star Criticare Plus, Star Cardiac
Care, Star Micro Health, Star Wedding Gift, Star Family Delite and Star Net Plus. The company also offers combi products, overseas travel and accident care insurance products. As on Mar 2016, it operated through 320 branches spread across the country. The solvency ratio of the company stood at 599% as on Mar 31 2016.
Dun & Bradstreet D-U-N-S® No 67-558-4088 Financials (` mn) Total Income
15,962.0
Net Premium Earned
15,138.7 9,843.6
AUM Key Ratios
6.0
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
48.7
Tata AIG General Insurance Company Limited Peninsula Business Park, Tower A, G. K. Marg, Lower Parel, Mumbai - 400013, Maharashtra Website: www.tataaiginsurance.in Business Profile Tata AIG General Insurance Company Ltd (Tata AIG General), a JV between the Tata Group and American International Group, commenced operations in 2001. Tata AIG General offers wide range of general insurance products under personal, small business, corporate, rural and private client group segments. The company’s policy portfolio includes motor, travel, health, individual personal accident, home, lifestyle, property, shop, education institutes, hotel
& restaurants, livestock, cattle, marine, fire & engineering, housing society and package insurance among others. As on Mar 31 2016, the company had a network of 103 branches across the country and its solvency ratio stood at 166%. In FY16, Tata AIG General issued 293,274 policies and collected premium worth ` 4.85 bn.
Dun & Bradstreet D-U-N-S® No 87-177-6091 Financials (` mn) Total Income
23,998.5
Net Premium Earned
20,627.4
AUM
37,018.6 Key Ratios 1.7
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
14.5
United India Insurance Company Limited 24, Whites Road, Chennai - 600014, TN Website: www.uiic.co.in Business Profile United India Insurance Company Ltd (UIIC) was incorporated in 1938. Pursuant to the nationalisation of general insurance business in India in 1972, 12 Indian Insurance companies, four Cooperative Insurance Societies and Indian operations of five Foreign Insurers, besides General Insurance operations of southern region of LIC were merged with UIIC. The company provides insurance products spanning across the areas of marine, industrial, motor, 134
travel, personal accident, fire, health, liability, credit, micro and other miscellaneous insurance such as business policies, package policies and social policies among others. As on Mar 2016, the company operated through a network of 2,080 offices. In FY16, UIIC introduced four new products namely, UNI MSME Protect Insurance Policy, Shopkeepers Insurance Policy, UNI Product Liability insurance and UNI Executive Protect - Directors and Officers.
Dun & Bradstreet D-U-N-S® No 65-011-7526 Financials (` mn) Total Income
126,660.5
Net Premium Earned
100,228.7
AUM
196,653.0 Key Ratios
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
1.9 13.7
India’s Leading BFSI Companies 2017
Universal Sompo General Insurance Company Limited Unit 401, 4th Floor, Sangam Complex, 127 Andheri Kurla Road, Andheri-East, Mumbai - 400059, Maharashtra Website: www.universalsompo.com Business Profile Universal Sompo General Insurance Company Ltd (Universal Sompo) is a JV between Allahabad Bank, Indian Overseas Bank, Dabur Investment and Sompo Japan Insurance Inc. The company received the licence from IRDA in Nov 2007. Universal Sompo primarily deals in retail, commercial and micro insurance segment. The company’s insurance products include; health & critical illness, personal accident, home, motor, property, electronic equipment, fire, liability,
burglary & robbery and various other nonlife packages. Some of its plans include; Saral Suraksha Bima, Aapat Suraksha Bima Policy, Sampoorna Swasthya Kavach, IOB Health Care Policy, Senior Citizen Health Insurance Policy, and Householder’s Insurance among others.
Dun & Bradstreet D-U-N-S® No 65-058-2302 Financials (` mn) 6,292.0
Total Income Net Premium Earned
5,305.6 10,888.8
AUM Key Ratios
1.7
Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
16.3
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
xyz xyz Business Profile
Dun & Bradstreet D-U-N-S® No 00-000-0000
xyz
Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
xyz xyz Business Profile
Dun & Bradstreet D-U-N-S® No 00-000-0000
xyz
Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
135
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
136
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
137
India’s Leading BFSI Companies 2017
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
Dun & Bradstreet D-U-N-S® No Financials (` mn) Total Income Net Premium Earned AUM Key Ratios Solvency Ratio Net Premium Growth (%) (As on Mar 31, 2016)
138
India’s Leading BFSI Companies 2017
abbreviations - Products
Term
Abbreviation
American Depostiory Receipt
ADR
Alternative Mortgage Instrument
AMI
Asset Management Services
AMS
Cash Management Services
CMS
Direct Benefit Transfer
DBT
Dematerialisation
Demat
Demat
Dematerialisation
Depository Participant
DP
External Commercial Borrowings
ECB
Employee Stock Ownership Plan
ESOP
Exchange Traded Fund
ETF
Future & Option
F&O
Foreign Currency Non Resident
FCNR
Financial Year
FY
Global Depository Receipt
GDR
High Networth Individuals
HNI
Hindu Undevided Family
HUF
Investment Banking
IB
Indian Depository Receipt
IDR
Incorporation
INC
Initial Public Offer
IPO
Limited
Ltd
Mutual Funds
MF
Non Covertible Debentures
NCD
New Fund Offerings
NFO
Non Resident Rupee
NRE
Non-Resident Indian
NRI
Non Resident Ordinary Account
NRO
Priority Client Group
PCG
Portfolio Management Services
PMS
Private
Pte
Private
Pvt
Research & Advisory
R&A
Request for comments
RFC
Systematic Investment Plan
SIP
Unit Linked Insurance Plan
ULIP
Wealth Management Services
WMS
139
India’s Leading BFSI Companies 2017
abbreviations - Non-Products & others
Term
Abbreviation
Account
A/C
Asset Management Companies
AMC
Assets Under Management
AUM
BSE On-Line Trading
BOLT
Chartered Accountant
CA
Central Cooperative Banks
CCBs
Capital to Risk Asset Ratio
CRAR
Computer to Computer Link
CTCL
Current Year
CY
Depository Participant
DP
Financial Institution
FI
Foreign Institutional Investor
FII
Follow on Public Offer
FPO
Financial Year
FY
Government of India
GoI
Housing Finance Company
HFC
High Networth Individuals
HNI
Incorporation
INC
Initial Public Offer
IPO
Insitutional Placement Programs
IPP
Information Technology
IT
Joint Venture
JV
Liquid Petroleum Gas
LPG
Limited
Ltd
Merger and Acquisition
M&A
Memorendum of Understanding
MoU
Non Banking Financial Company
NBFC
National Exchange for Automated Trading
NEAT
New Pension Scheme
NPS
Non-Resident Indian
NRI
140
India’s Leading BFSI Companies 2017
abbreviations - Non-Products & others
Term
Abbreviation
Opposite
Opp.
Public Private Partnership
PPP
Public Sector Undertaking
PSU
Private
Pvt
Qualified Depository Participant
QDP
Qualified Foreign Investors
QFI
Qualified Institutional Placement
QIP
Regional Rural Banks
RRBs
State Cooperative Agriculture and Rural Development Banks
SCARDBs
Schedule Commercial Bank
SCB
State Cooperative Banks
SCBs
Systematic Investment Plan
SIP
Small and medium enterprise
SME
Small and Medium Enterprise
SME
Short Messaging System
SMS
Share Purchase Agreement
SPA
Union Territory
UT
Year on Year
YoY
141
India’s Leading BFSI Companies 2017
abbreviations - Institutions
Institutions
Abbreviation
Ace Derivatives & Commodity Exchange
ACE
Association of Mutual Funds in India
AMFI
Bangalore Stock Exchange
BGSE
Bank of Baroda
BoB
Bombay Stock Exchange
BSE
Birla Sunlife Insurance Company Limited
BSLI
Central Bank of India
CBI
Central Depository Services (India) Limited
CDSL
Central Public Sector Enterprises
CPSE
Calcutta Stock Exchange
CSE
Forward Markets Commission
FMC
Financial Service Authority
FSA
General Insurance Corporation
GIC
India Cements Capital Limited
ICCL
Indian Commodity Exchange Limited
ICEX
Insurance Regulatory and Development Authority
IRDA
Life Insurance Corporation of India
LIC
London Stock Exchange
LSE
Multi Commodity Exchange of India Limited
MCX
MCX Stock Exchange
MCX-SX
MCX Stock Exchange Limited
MCX-SX
Ministry of Micro, Small and Medium Enterprises
MSME
Ministry of Micro, Small and Medium Enterprises
MSME
Non-banking Finance Company
NBFC
National Commodity & Derivatives Exchange Limited
NCDEX
National Housing Bank
NHB
National Insurance Company
NIC
National Multi-Commodity Exchange of India Limited
NMCE
National Securities Clearing Corporation Limited
NSCCL
National Securities Depository Limited
NSDL
142
India’s Leading BFSI Companies 2017
abbreviations - Institutions
Institutions
Abbreviation
National Stock Exchange of India Limited
NSE
National Spot Exchange Limited
NSEL
Oriental Bank of Commerce
OBC
Over The Counter Exchange of India
OTCEI
Reserve Bank of india
RBI
State Bank of India
SBI
Securities Exchange Board of India
SEBI
Saurashtra Kutch Stock Exchange Limited
SKSE
S.S. Kantilal Ishwarlal
SSKI
Shamrao Vithal Co-op. Bank Ltd
SVC Bank
United Stock Exchange
USE
United Stock Exchange of India Limited
USE
United Stock Exchange
USX
Unit Trust of India
UTI
143
India’s Leading BFSI Companies 2017
abbreviations
Month
Abbreviation
January
Jan
February
Feb
March
Mar
April
Apr
May
May
June
June
July
July
August
Aug
September
Sept
October
Oct
November
Nov
December
Dec
State, Countries & Regions
Abbreviation
Andhra Pradesh
AP
Himachal Pradesh
HP
Jammu and Kashmir
J&K
Madhya Pradesh
MP
Tamil Nadu
TN
United Kingdom
UK
Uttar Pradesh
UP
United States
US
West Bengal
WB
144
India’s Leading BFSI Companies 2017
Index
Index A
Bank of Baroda...................................................................................... 16
A.K. Capital Services Limited................................................................. 48
Bank of India.......................................................................................... 17
AB Bank Limited.................................................................................... 14
Bank of Maharashtra............................................................................. 17
Abu Dhabi Commercial Bank................................................................. 14
The Bank of Nova Scotia........................................................................ 17
Aditya Birla Finance Limited.................................................................. 48
The Bank of Tokyo-Mitsubishi UFJ, Limited........................................... 17
Aditya Birla Housing Finance Limited.................................................... 48
Barclays Bank PLC.................................................................................. 18
Aditya Birla Money Limited................................................................... 86
Baroda Pioneer Asset Management Company Limited......................... 98
Aegon Life Insurance Company Limited.............................................. 114
Bharatiya Mahila Bank Limited.............................................................. 18
Agriculture Insurance Company of India Limited................................ 129
Bharti AXA General Insurance Company Limited................................ 128
Allahabad Bank...................................................................................... 14
Bharti AXA Life Insurance Company Limited....................................... 114
American Express Banking Corp............................................................ 14
Birla Sun Life Asset Management Company Limited............................. 98
Andhra Bank.......................................................................................... 15
Birla Sun Life Insurance Company Limited.......................................... 115
Andhra Pradesh State Financial Corporation......................................... 48
BLB Limited............................................................................................ 86
Apollo Munich Health Insurance Company Limited............................ 128
BNP Paribas........................................................................................... 18
Aspire Home Finance Corporation Limited........................................... 49
BNP Paribas Asset Management India Private Limited......................... 98
Australia and New Zealand Banking Group Limited.............................. 15
BSE Limited............................................................................................ 50
Aviva Life Insurance Company India Limited....................................... 114 Axis Asset Management Company Limited........................................... 98
C
Axis Bank Limited.................................................................................. 15
Canara Bank.......................................................................................... 18
Axis Capital Limited............................................................................... 86
Canara HSBC Oriental Bank of Commerce Life Insurance
Axis Finance Limited.............................................................................. 49
Company Limited................................................................................ 115
Axis Securities Limited........................................................................... 86
Canara Robeco Asset Management Company Limited.......................... 99
B
Can Fin Homes Limited.......................................................................... 50
Bajaj Allianz General Insurance Company Limited.............................. 128
The Catholic Syrian Bank Limited.......................................................... 19
Bajaj Allianz Life Insurance Company Limited..................................... 114
Central Bank of India............................................................................. 19
Bajaj Finance Limited............................................................................ 49
Central Depository Services (India) Limited.......................................... 51
Bajaj Holdings & Investment Limited.................................................... 49
Cholamandalam Investment and Finance Company Limited................ 51
Balmer Lawrie Investments Limited...................................................... 50
Cholamandalam MS General Insurance Company Limited................. 129
Bandhan Bank Limited........................................................................... 15
Cigna TTK Health Insurance Company Limited.................................... 129
Bank of America, N.A............................................................................ 16
Citibank N.A........................................................................................... 19
Bank of Bahrain & Kuwait B.S.C............................................................. 16
City Union Bank Limited........................................................................ 19
Bank of Ceylon....................................................................................... 16
Capital First Limited............................................................................... 50
145
India’s Leading BFSI Companies 2017
Index The Clearing Corporation of India Limited............................................ 51
FirstRand Bank Limited.......................................................................... 23
Commonwealth Bank of Australia......................................................... 20
Fullerton India Credit Company Limited................................................ 54
Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A........................ 20
Future Generali India Insurance Company Limited............................. 129
Corporation Bank.................................................................................. 20
Future Generali India Life Insurance Company Limited....................... 116
Credila Financial Services Private Limited............................................. 51 Crédit Agricole Corporate & Investment Bank...................................... 20
G
Credit Suisse AG.................................................................................... 21
General Insurance Corporation of India.............................................. 130
CSL Finance Limited............................................................................... 52
Geojit Financial Services Limited........................................................... 87
CTBC Bank Company, Limited................................................................ 21
GIC Housing Finance Limited................................................................. 54
D
GRUH Finance Limited........................................................................... 54
DBS Bank Limited.................................................................................. 21
H
DCB Bank Limited.................................................................................. 21
HDB Financial Services Limited............................................................. 55
Dena Bank............................................................................................. 22
HDFC Asset Management Company Limited......................................... 99
Deutsche Bank AG................................................................................. 22
HDFC Bank Limited................................................................................ 23
Dewan Housing Finance Corporation Limited....................................... 52
HDFC ERGO General Insurance Company Limited............................... 130
Dhanlaxmi Bank Limited........................................................................ 22
HDFC General Insurance Limited......................................................... 130
DHFL Pramerica Life Insurance Company Limited............................... 115
HDFC Investments Limited.................................................................... 55
Doha Bank............................................................................................. 22
HDFC Securities Limited........................................................................ 88
DSP BlackRock Investment Managers Private Limited.......................... 99
HDFC Standard Life Insurance Company Limited................................ 116
E
Hinduja Leyland Finance Limited........................................................... 55
ECGC Limited....................................................................................... 129
Housing and Urban Development Corporation Limited........................ 55
ECL Finance Limited............................................................................... 52
Housing Development Finance Corporation Limited............................ 56
Edelweiss Broking Limited..................................................................... 87
HSBC Asset Management (India) Private Limited.................................. 99
Edelweiss Finance & Investments Limited............................................. 52 Edelweiss Financial Services Limited..................................................... 53
I
Edelweiss Housing Finance Limited....................................................... 53
ICICI Bank Limited.................................................................................. 24
Edelweiss Retail Finance Limited........................................................... 53
ICICI Home Finance Company Limited.................................................. 56
Edelweiss Securities Limited.................................................................. 87
ICICI Lombard General Insurance Company Limited........................... 130
Edelweiss Tokio Life Insurance Company Limited................................ 115
ICICI Prudential Asset Management Company Limited....................... 100
Emkay Global Financial Services Limited............................................... 87
ICICI Prudential Life Insurance Company Limited................................ 116
Exide Life Insurance Company Limited................................................ 116
ICICI Securities Limited.......................................................................... 88
Export-Import Bank of India.................................................................. 53
ICICI Securities Primary Dealership Limited.......................................... 56
F
IDBI Asset Management Limited......................................................... 100
Family Credit Limited............................................................................. 54
IDBI Federal Life Insurance Company Limited..................................... 117
The Federal Bank Limited...................................................................... 23
IDFC Asset Management Company Limited........................................ 100
146
The Hongkong and Shanghai Banking Corporation Limited.................. 23
IDBI Bank Limited.................................................................................. 24
India’s Leading BFSI Companies 2017
Index IDFC Bank Limited................................................................................. 24
The Karur Vysya Bank Limited............................................................... 26
IDFC Limited.......................................................................................... 56
KBC Bank NV.......................................................................................... 26
IDFC Securities Limited.......................................................................... 88
KEB Hana Bank...................................................................................... 27
IFCI Factors Limited............................................................................... 57
Kotak Mahindra Asset Management Company Limited...................... 101
IFCI Limited............................................................................................ 57
Kotak Mahindra Bank Limited............................................................... 27
IFFCO-TOKIO General Insurance Company Limited............................. 131
Kotak Mahindra Investments Limited.................................................... 61
IIFL Holdings Limited............................................................................. 57
Kotak Mahindra Old Mutual Life Insurance Limited............................ 117
IL&FS Financial Services Limited............................................................ 57
Kotak Mahindra Prime Limited.............................................................. 61
India Infoline Finance Limited............................................................... 58
Kotak Securities Limited........................................................................ 89
India Infoline Housing Finance Limited................................................. 58
Krung Thai Bank Public Company Limited............................................. 27
India Infoline Insurance Brokers Limited............................................... 58 India Infoline Limited............................................................................. 88
L
India Infrastructure Finance Company Limited..................................... 58
L&T Finance Limited.............................................................................. 62
Indiabulls Commercial Credit Limited................................................... 59
L&T FinCorp Limited.............................................................................. 62
Indiabulls Housing Finance Limited....................................................... 59
L&T Housing Finance Limited................................................................ 62
Indiabulls Ventures Limited................................................................... 89
L&T Infra Debt Fund Limited................................................................. 62
IndiaFirst Life Insurance Company Limited.......................................... 117
L&T Infrastructure Finance Company Limited....................................... 63
Indian Bank............................................................................................ 24
L&T Investment Management Limited................................................ 101
Indian Clearing Corporation Limited..................................................... 59
The Lakshmi Vilas Bank Limited............................................................ 27
Indian Overseas Bank............................................................................ 25
Liberty Videocon General Insurance Company Limited...................... 131
Indian Railway Finance Corporation Limited......................................... 59
LIC Housing Finance Limited.................................................................. 63
Indian Renewable Energy Development Agency Limited...................... 60
LIC Mutual Fund Asset Management Limited..................................... 101
Indostar Capital Finance Limited........................................................... 60
Life Insurance Corporation of India..................................................... 117
IndusInd Bank Limited........................................................................... 25
LKP Finance Limited............................................................................... 63
Industrial and Commercial Bank of China Limited................................ 25
M
Intec Capital Limited.............................................................................. 60 Invesco Asset Management (India) Private Limited............................ 100
J
Magma Fincorp Limited......................................................................... 63 Magma HDI General Insurance Company Limited............................... 131 Magma Housing Finance....................................................................... 64
The Jammu and Kashmir Bank Limited.................................................. 25
Mahindra & Mahindra Financial Services Limited............................. 65
JM Financial Asset Management Limited............................................ 101
Mahindra Rural Housing Finance Limited............................................. 66
JM Financial Credit Solutions Limited.................................................... 60
Manappuram Finance Limited.............................................................. 66
JM Financial Limited.............................................................................. 61
Manipal Housing Finance Syndicate Limited......................................... 66
JP Morgan Chase Bank, N.A................................................................... 26
Mashreqbank PSC................................................................................. 28
K
Max Bupa Health Insurance Company Limited................................... 131
The Karnataka Bank Limited.................................................................. 26
Mirae Asset Global Investments (India) Private Limited..................... 102
Karnataka State Financial Corporation.................................................. 61
Mizuho Bank Limited............................................................................. 28
Max Life Insurance Company Limited.................................................. 118
147
India’s Leading BFSI Companies 2017
Index Motilal Oswal Asset Management Company Limited.......................... 102 Motilal Oswal Financial Services Limited............................................... 66 Motilal Oswal Securities Limited........................................................... 89 Muthoot Capital Services Limited......................................................... 67 Muthoot Finance Limited...................................................................... 67 Muthoot Fincorp Limited...................................................................... 67
N NABARD Financial Services Limited....................................................... 67 The Nainital Bank Limited..................................................................... 28 National Australia Bank Limited............................................................ 28 National Bank for Agriculture and Rural Development......................... 68 National Commodity & Derivatives Exchange Limited.......................... 68
R Raheja QBE General Insurance Company Limited............................... 132 RBL Bank Limited................................................................................... 29 Reliance Capital Limited........................................................................ 72 Reliance General Insurance Company Limited.................................... 133 Reliance Home Finance Limited............................................................ 72 Reliance Nippon Life Asset Management Limited............................... 102 Reliance Nippon Life Insurance Company Limited.............................. 118 Reliance Securities Limited.................................................................... 89 Religare Capital Markets Limited........................................................... 90 Religare Enterprises Limited.................................................................. 72 Religare Finvest Limited......................................................................... 73 Religare Health Insurance Company Limited....................................... 133
National Housing Bank.......................................................................... 68
Religare Housing Development Finance Corporation Limited............... 73
National Insurance Company Limited................................................. 132
The Royal Bank of Scotland N.V............................................................. 30
The National Securities Clearing Corporation Limited.......................... 68
Royal Sundaram General Insurance Company Limited........................ 133
National Securities Depository Limited................................................. 69
Rural Electrification Corporation Limited.............................................. 73
The National Small Industries Corporation Limited............................... 69
S
National Stock Exchange of India Limited............................................. 69 The New India Assurance Company Limited....................................... 132 North Eastern Development Finance Corporation Limited................... 69
O Oriental Bank of Commerce.................................................................. 29 The Oriental Insurance Company Limited........................................... 132
P Pilani Investment and Industries Corporation Limited.......................... 70 PNB Gilts Limited................................................................................... 70 PNB Housing Finance Limited................................................................ 70 PNB MetLife India Insurance Company Limited.................................. 118 Power Finance Corporation Limited.................................................. 71
S. E. Investments Limited...................................................................... 73 Sahara India Life Insurance Company Limited..................................... 118 Sakthi Finance Limited.......................................................................... 74 Satin Creditcare Network Limited......................................................... 74 Sberbank............................................................................................... 30 SBI DFHI Limited.................................................................................... 74 SBI Funds Management Private Limited.............................................. 103 SBI General Insurance Company Limited............................................. 133 SBI Life Insurance Company Limited.................................................... 119 SBM Bank (Mauritius) Limited............................................................... 30 SHCIL Services Limited........................................................................... 90 Shinhan Bank......................................................................................... 30 Shriram City Union Finance Limited...................................................... 74 Shriram General Insurance Company Limited..................................... 134
Principal Pnb Asset Management Company Private Limited.............. 102
Shriram Housing Finance Limited.......................................................... 75
PTC India Financial Services Limited...................................................... 72
Shriram Life Insurance Company Limited............................................ 119
Punjab & Sind Bank............................................................................... 29
Shriram Transport Finance Company Limited....................................... 75
Punjab National Bank............................................................................ 29
SICOM Limited....................................................................................... 75
148
India’s Leading BFSI Companies 2017
Index Small Industries Development Bank of India......................................... 75 SMC Global Securities Limited............................................................... 90 Societe Generale................................................................................... 31 The South Indian Bank Limited.............................................................. 31 SREI Infrastructure Finance Limited...................................................... 76 Standard Chartered Bank...................................................................... 31 Star Health and Allied Insurance Company Limited............................ 134 Star Union Dai-ichi Life Insurance Company Limited........................... 119 State Bank of Bikaner & Jaipur.............................................................. 31 State Bank of Hyderabad....................................................................... 32
U UCO Bank.............................................................................................. 34 Ujjivan Financial Services Limited......................................................... 79 Union Bank of India............................................................................... 34 United Bank of India.............................................................................. 34 United India Insurance Company Limited........................................... 134 United Overseas Bank........................................................................... 34 Universal Sompo General Insurance Company Limited...................... 135 UTI Asset Management Company Limited.......................................... 103
State Bank of India................................................................................ 32
V
State Bank of Mysore............................................................................ 32
Vijaya Bank............................................................................................ 35
State Bank of Patiala.............................................................................. 32
Vistaar Financial Services Private Limited............................................. 79
State Bank of Travancore....................................................................... 33
W
STCI Finance Limited.............................................................................. 76 STCI Primary Dealer Limited.................................................................. 76 Stock Holding Corporation of India Limited.......................................... 76 Sumitomo Mitsui Banking Corporation................................................. 33
Weizmann Forex Limited....................................................................... 80 Westpac Banking Corporation............................................................... 35 Woori Bank............................................................................................ 35
Sundaram Asset Management Company Limited............................... 103
Y
Sundaram BNP Paribas Home Finance Limited..................................... 77
Yes Bank Limited.................................................................................... 35
Sundaram Finance Limited.................................................................... 77 Sustainable Agro-commercial Finance Limited..................................... 77
Note: Companies marked in bold are Advertorials
Syndicate Bank...................................................................................... 33
T Tamilnad Mercantile Bank Limited........................................................ 33 Tata AIA Life Insurance Company Limited........................................... 119 Tata AIG General Insurance Company Limited.................................... 134 Tata Asset Management Limited......................................................... 103 Tata Capital Financial Services Limited.................................................. 77 Tata Capital Housing Finance Limited.................................................... 78 Tata Cleantech Capital Limited.............................................................. 78 Tata Investment Corporation Limited.................................................... 78 Tata Motors Finance Limited................................................................. 78 Tata Motors Finance Solutions Limited................................................. 79 Tourism Finance Corporation of India Limited...................................... 79
149
Notes