Tiruchirappalli, known colloquially as Trichy, is one of the Tamil Nadu’s oldest inhabited cities and the location of the historic Ucchi Pillayar Kovil, or Rock Fort Temple. The ancient city is developing into an emerging hotspot for business. It’s contributing to growth in India’s financial services sector, which is expected to nearly double its profits by 2030, largely driven by non-banking financial companies, or NBFCs. To learn about the status of fintech and financial services in Trichy, check out this list.
Finance Companies in Trichy
- Muthoot Fincorp Ltd.
- HBD Financial Services
- Macro Global
- Manappuram Finance Limited
- Bajaj Finserv
Top Finance Companies in Trichy
Manappuram Finance Limited is an NBFC with an emphasis on providing gold loan solutions, which allow borrowers to use gold ornaments and items as collateral. It operates over 4,000 branches nationwide, and the company’s other products include vehicle, home improvement, business and property loans.
Bajaj Finserv, part of a multinational conglomerate known as the Bajaj Group, has been around since 2007 and delivers solutions in three primary categories: lending, insurance and wealth advisory. Its broad variety of offerings cover everything from personal and business loans to car insurance and digital wallets.
IIFL Finance is a financial services provider that delivers a portfolio of loan and mortgage solutions through its subsidiaries, which collectively employ 37,000-plus professionals. Its branch locations are spread across more than 500 cities and have served over 6 million customers throughout India.
Dvara KGFS is an NBFC that works with customers in remote rural areas. Through a network of local branches, it offers savings, checking, credit, insurance and investment products and services to people and businesses that face barriers to access in traditional banking.
Macro Global is a British fintech company that builds software tools to support financial processes for businesses. It serves banks and other financial institutions via its portfolio of SaaS products, which includes solutions for cross-border payments and managing compliance. The company operates a global capability center in Trichy.
Muthoot Fincorp is an Indian financial services company that offers services to urban, suburban and rural customers. Its offerings include gold loans, housing loans and small business financing. The company focuses on providing innovative services geared toward customers with limited access to traditional banking services.
TVS Credit Services is an NBFC that offers small-scale loans. Its main offerings are loans for small businesses and small-to-medium sized enterprises and individual financing for mobility assets including cars, two-wheel vehicles and tractors. The company’s mission is to expand access to financial services.
HBD Financial Services is a subsidiary of the financial institution HDFC Bank. Distinct from its parent company’s full suite of traditional banking services, HBD Financial Services operates a comprehensive network of branches across the Indian states, providing microloans as well as standard loans for gold, cars and real estate.
L & T Finance is a retail NBFC that offers a wide range of services oriented around lending. Its offerings range from microfinancing for individuals to purchase two-wheel vehicles to business loans for companies to invest in heavy machinery. The company has area expertise in the agricultural industry and serves as a lender to small agribusinesses in rural India.
