Major Financial Companies in India

The major financial companies in India are a contribution to the growth of the financial sector in India. The Financial Sector of India is presently going through a fast phase of alteration. The reforms are a part of the structural reformation directed to improve the productivity of the economy. The main purpose of the development of the financial sector of India is for the sustenance of the economic growth.

Some of the major financial companies in India:

SBI Capital Markets Ltd (SBICAP) is one of oldest companies in the capital markets of India. The bank has also attained the topmost market position in the capital market in India. SBI Capital Markets Ltd was set up in the year 1986 as a fully owned ancillary of the State Bank of India, the biggest Indian commercial bank. The SBI Capital Markets Ltd is the trailblazer in the concept of securitisation and privatization. It is ranked as the 2nd in Project Advisory services in the Asia Pacific region. The company also received the Outlook Money's Best Merchant Banker Award in 2004.

Bajaj Capital Limited is among the premiere financial planning and investment advisory companies in India. The main activity of the Bajaj Capital Limited is to provide the corporate houses, high networth clients, institutional investors, individual investors, non resident Indians (NRIs) with financial planning and investment advisory services. The company is also the biggest provider of finance based products offered by several government, private and public organizations, investment products such as life insurance, general insurance, bonds, mutual funds, post office schemes, etc.

DSP Merrill Lynch Limited is among the leading brokers and underwriters in India pertaining to equity and debt securities. The company also provides several institutions and corporations with financial advices. The DSP Merrill Lynch Limited also provides a wide range of investment and wealth management services and products along with customized financial advices. The DSP Merrill Lynch Limited is the first company to establish a research facility for the research on financial services and products, innovations, improvements, etc. The company also deals in Government securities and is presently one of the most important companies in the equity and debt market in India.

SBI Capital Markets Limited	Bajaj Capital Limited
DSP Merrill Lynch Limited	Birla Global Finance Limited
Housing Development Finance Corporation	Karvy Group
Centrum Finance Limited	L& T Finance Limited
PNB Gilts Limited	CIL Securities Limited