Indias Leading BFSI Companies 2014

Indias
Leading
BFSI
Companies
2014
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Solutions
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Dun & Bradstreet
Indias
Leading
BFSI
Companies
2014
Indias Leading BFSI Companies 2014

Published in India by Dun & Bradstreet Information Services India Pvt Ltd. (D&B)
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Chennai Office
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Editor
Pawan Bindal
Sub-Editor
Yogesh Jambhale, Rohit Singh
Editorial Team

Omesh Kandalkar, Mihir Shah, Swatti Mathur, Karishma Desai, Sneha Talreja,
Dipshikha Biswas, Rohit Pawar, Prashant Mirgule, Sudhir Rewale
Sales Head
Jayesh Bahadur
Sales Team

Nittin Maheshwari, Apoorba Kumar Patranabish, Anandita Pongurlekar, Vini Batheja,

Kartik Rao, Vaibhav Dhote, Sunena Jain, Neetu Dhamija, Rupit Kar, Romita Dey Talukdar,
Avishek Tiwari, Mayank Bhanu, Shubhra Upadhyay, Anubha Garg, Sujata Bhakat,
Tanya Bedi, Nitin Chaudhary, Praveen Malladi, Rakesh Goyal, Vishwa Desai,
Aisha Rashyani, Ankur Singh, Yashaswini Chandrashekar
Operations Team

Nadeem Kazi, Kunal Panchamiya, Sumit Sakhrani, Rajesh Gupta, Shankar Iyer,
Parmeshwar More
Design Team
Mohan Chilvery
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of the information or for any errors, negligence or otherwise howsoever or for any consequence arising therefrom.

Sixth Edition
ISBN No.: 978-93-82060-32-1
Contents
Preface....................................................................................................I
Foreword...............................................................................................III
executive summary............................................................................... V
Methodology...................................................................................... VII
Definitions & Calculations.................................................................... IX
Sector Overview
Banks.......................................................................................... XV
NBFCs...................................................................................... XXIII
Broking...................................................................................XXXV
Mutual Funds...........................................................................XLIII
Insurance ................................................................................ XLIX
Primary Insights.................................................................................. LVII
Listing ........................................................................................ L-1 - L-9
Profiles
Banks....................................................................................... 3-41
NBFCs / FIs / Financial Services............................................... 45-89
Broking................................................................................ 91-108
Asset Management Companies......................................... 111-126
Life Insurance.................................................................... 131-145
General Insurance.............................................................. 147-165
Abbreviation.............................................................................. 167-172
Index.......................................................................................... 175-179
Preface
Dun & Bradstreet India is pleased to release the sixth edition of its publication
Indias Leading BFSI Companies. The publication aims to provide valuable
information on progress and performance of the leading Indian BFSI sector
companies. The publication also highlights important trends in the BFSI sector
and captures the major factors that provide an impetus to the growth of the
sector and the challenges faced by the sector.
The global economic growth remained weak in FY13 and global risks remained
elevated in view of the prevailing issues high public debt in all major advanced
economic, a fragmented financial system in the euro area and slowdown in
growth in other emerging and developing countries.
In tandem with the global economy, the slowdown in domestic growth which
prevailed during FY12 spilled over to FY13. Belying all expectations of recovery during the second half of
the fiscal year, the downturn in growth intensified. Indias GDP recorded a decadal low growth rate of 4.5%
during FY13. Persistent inflationary pressures, policy drift, low business confidence and stalled investment
activity, fall in the savings rate and high current account deficit dented the growth momentum. In order to
support growth, the RBI eased its tight monetary policy stance in FY13, reducing the repo rate by 100 basis
points.
India being one of the most populated countries in the world and backed by the growing levels of income,
the BFSI sector is ready to explore ever increasing opportunities at the domestic and international levels.
Changing market dynamics, industry consolidation and globalisation coupled with increased levels of
technology adoption in the sector will be crucial in determining the progress of this sector in the coming years.
Leading players have started redefining their strategies through confidence building measures, introducing
innovative financial products and innovative delivery channels to keep pace with international competition.
The publication provides an in-depth analysis of the BFSI sector in India and showcases profiles of leading
players in the banking, NBFC, mutual fund, broking and insurance industries. We at D&B are extremely
optimistic about the progress of this sector and will continue to track it and aim to facilitate informed
business decisions. I hope you will enjoy reading Indias Leading BFSI Companies 2014 and look forward
to your suggestions.
Kaushal Sampat
President & CEO - India
Dun & Bradstreet
Foreword
I am pleased to announce the launch of the sixth edition of Indias Leading
BFSI Companies, a publication on the Indian banking, financial services, and
insurance (BFSI) sectors, by Dun and Bradstreet India (D&B India).
Past few years have been difficult for the entire BFSI sector due to weakening
domestic macroeconomic conditions and continued sluggish growth in the
global economy. Challenges such as declining asset quality, volatility of earnings
for broking companies due to vagaries of capital markets have significantly
affected the bottom-line of BFSI companies. However, the prudential regulatory
norms have enabled the BFSI sector to remain fundamentally strong and sustain
during such difficult times. Further, the high level of technology adoption has
enabled BFSI companies to increase productivity, improve operational efficiency,
and become more competitive.
The current financial year saw the BFSI sector facing the vulnerabilities of the market forces. High interest
rates, protracted inflationary pressures, and high fiscal deficit impacted demand in this interest-sensitive
sector. However, Indian companies managed to ride through these critical challenges with resilience and
sustain their strong performance. The robust show of BFSI companies in FY13 clearly demonstrates this. Bank
Credit as a percentage of GDP increased from 47% in FY08 to 52% in FY13. The size of total assets of NBFCs
grew at a CAGR of approximately 6% from ` 990 bn in FY08 to ` 1,322 bn in FY13, despite reduction in the
number of NBFCs in India. The total premium garnered by the Life Insurance segment grew at a CAGR of 7%
between FY08 to FY13. The share of private players in total life insurance premium increased from 25% in
FY08 to 27% in FY13. Gross direct premium of non-life/general insurance grew at a CAGR of 18% between
FY08 and FY13. The role of private players seems to be more pronounced in the non-life insurance area. Their
share in total premiums increased from 38% in FY08 to 43% in FY13. The assets under management (AUM)
of the mutual fund industry displayed a CAGR of 7% between FY08 and FY13.
The progress of the financial sector is crucial to Indias economic growth. Financial reforms instituted over
the past two decades have been responsible for the maturing of the sector. The constituents of the real
economy have benefited significantly from this. The publication Indias Leading BFSI Companies 2014
showcases the performance of Indias leading BFSI sector companies.
Further, given D&Bs extensive market reach and global footprint, companies featuring in this publication
would benefit from the attention of global leaders in the financial markets. This publication, besides providing
a comprehensive macro view on important developments in the BFSI sector, would be a ready reference tool
to gain a deeper understanding about the leading companies in Indias BFSI sector.
At Dun & Bradstreet, we will continue to meet your expectations and look forward to receiving your feedback
and suggestions.
Pawan Bindal
Director
Dun & Bradstreet India
III
Executive Summary
The banking, financial services, mutual fund, and insurance sectors are critical
constituents of the Indian financial sector. Dun & Bradstreet (D&B), through its
publication Indias Leading BFSI Companies 2014, highlights the growth and
performance of companies in the BFSI segment in India. The publication profiles
the leading players in the sector that had annual total income of ` 250 mn
and above in FY13. The publication profiles 295 companies this comprises 76
banks, 108 non-banking financial services companies, 51 insurance companies,
28 asset management companies, and 32 broking houses. The publication also
provides an overview of the current trends and prospects of the BFSI sector,
which is divided into four sub-segments banking, financial services, mutual
funds, and insurance.
Some other key findings in this publication include
Aggregate loans and advances of Scheduled Commercial Banks stood at ` 58,797 bn in FY13 growing
nearly 16% against 18% in FY12. Public sector banks had the highest share of 76.1% in total bank
credit. Private sector banks accounted for 19.4% whereas foreign banks made up the balance 4.5%.
Asset quality of the banking sector declined further in FY13. Gross NPA ratio increased to 3.6% in FY13
from 3.1% in FY12. The gross NPA ratio was the highest for public sector banks at 3.8%, followed by
foreign banks at 3%. It was the lowest for private banks at 1.9% in FY13. Further, Net NPA ratio also
increased from 1.3% in FY12 to 1.7% in FY13 for Scheduled Commercial Banks.
In FY13, total assets of NBFCs-D (deposit taking NBFCs) grew 2.2% to ` 1,249 bn primarily due to 23%
increase in the assets of asset finance companies. On the other hand, the assets of loan companies
declined by around 46%.
The life insurance segment recorded a total premium of ` 2,872 bn, registering a growth of 0.05% in
FY13 YoY compared with 2% decline in FY12. The Unit Linked Insurance Plans products saw a decline
of 30% in premium income for FY13 while premium income of traditional products grew nearly 10%.
The non-life insurance segment recorded a gross premium income of ` 629 bn during FY13 as against
` 529 bn in FY12, registering a growth of 19% in FY13 compared with 24% growth in the previous
year. Motor insurance with 47% share and health insurance with 22% share in premium in FY13
continue to dominate the non-life insurance segment.
In times of volatile equity markets, investors seem to prefer debt funds, which are perceived to be
safer. As on March 31, 2013, the share of debt-oriented schemes in the total AUM of the industry
stood at 57% compared with 50% in the corresponding period of the previous year.
With focus on ongoing reforms and a strong regulatory environment, the BFSI sector promises sustainable
growth and profitability, going forward. D&B will endeavour to keep track of various developments in this
sector to make this publication emerge as an important and reliable reference tool.
Jayesh Bahadur
Head, Economic Analysis Group and Sales & Marketing Solution
Dun & Bradstreet India
Methodology
For the purpose of the publication, Indias Leading BFSI Companies 2014, the BFSI sector has been divided
into four key segments, viz., banking - only scheduled commercial banks (SCBs) based on the RBI enumeration
of SCBs as on Mar 2013; companies providing financial services; mutual funds 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.
The initial selection process of companies involved exploring the companies available in D&B Indias in-house
database, companies registered with the respective regulatory bodies and industry associations. The companies
were then contacted through direct mailers, reminder letters, telephone calls, faxes and emails apart from
invitation to participate through advertisements in Indias leading business dailies.

The companies and banks having minimum standalone annual total income of ` 250 mn and above during
FY13 are featured in this publication. Further, subsidiaries and associate companies that have satisfied the
eligibility criteria have also been featured. Companies with a negative net worth were eliminated. Also,
companies classified under Z category of the Bombay Stock Exchange were excluded. Every effort was made
to ensure that companies respond to the questionnaire. However, in the eventuality that a company has not
responded with critical data, and/or information which is not available in public domain, such companies
have not been included in the publication. This is to ensure that all information contained in this publication
is verified and authenticated.
Information pertaining to SCBs has been primarily sourced and compiled from RBI, IBA, 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 Mar 2013. The information pertaining to
financial services companies, insurers and AMCs has been primarily sourced and compiled from questionnaires
circulated and administered by D&B India; and/or as provided by respective regulatory authority (IRDA and
AMFI) through its Websites and various publications; and/ or from respective companies Website and ARs.
The financial information pertaining to insurers has been taken from IRDAs FY13 AR and public disclosures
of respective insurers. The financial information pertaining to AMCs has been taken from AMFI and their
respective ARs.
A standardised format has been used for reporting the information on the companies. The editorial team would
appreciate if readers would keep D&B India regularly updated regarding any changes in their companies, as
and when it occurs.
Each company featured in the publication has been allotted its unique identification number (D-U-N-S Data Universal Numbering System). This will help readers locate and obtain fullfledged informative reports
on these companies from the D&B Indias database.
The editorial team is confident that Indias Leading BFSI Companies 2014 will prove a useful reference tool
for information on BFSI sector. We would be pleased to receive your invaluable feedback and suggestions,
which we can incorporate in the next edition. Your satisfaction remains our goal in D&B Indias journey
towards excellence.
VII
VIII
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
CASA Deposits = Demand Deposits + Savings Bank Deposits
CASA Ratio (%) = CASA Deposits/Total Deposits *100
C-D Ratio (Credit Deposit Ratio) = Advances/Deposits*100
I-D Ratio (Investment Deposit Ratio) = Investments/Deposits*100
SLR Investments = Investment in Government Securities + Investment in Approved Securities
Statutory Liquidity Ratio (%) = SLR Investments/Total Deposits *100
Net Profit Margin (NPM) = Net Profit/Total Income*100
Net Interest Income (NII) = Interest Earned - Interest Expended
Sensitive Sector Advances = Capital Markets Sector Advances + Real Estate Sector Advances +
Commodity Sector Advances
AAUM Growth (Average Assets under Management) = (AAUM CY- AAUM PY)/AAUM PY*100
Total First Year Premiums (FYP) = FYP + Single Premiums
Claims Ratio (%) = Net Claims Incurred/ Net Earned Premiums *100
Total Income for Insurance companies = Premiums earned - net (policy holders account) + Income
from Investments (policy holders account) + other income (policy holders 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 (except for Insurance
companies)
Net Profit/Loss taken for banks as per RBI and for other companies as per the ARs (except for Insurance
companies)
Total Assets, Net Interest Margin, Business per Employee, Number of ATMs, CRAR - Basel II, C-D Ratio
and Net NPA/Net Advances Ratio for banks taken as per RBI
Loan disbursed and number of employees for NBFCs taken as per company ARs
AAUM of mutual funds companies taken from AMFI as per data disclosed by the AMCs.
Total Premiums Earned, Share of Linked business Premiums / Total Premiums, AUM and Solvency Ratio
of Life Insurance companies taken as per the data from IRDA AR 2012-13
Net Premiums Earned, AUM, Solvency Ratio and Incurred Claims Ratio of Non-life insurance companies
taken as per the data from IRDA AR 2012-13.
Retention Ratio of Non-life Insurance companies taken from the Public Disclosures documents of
respective companies
LP Loss to Profit
LL Loss to Loss
PL Profit to Loss
NA Not Available
IX
XI
Sector Overview
Banks
Banks
Indian Banking Development
Indias financial sector has developed considerably over past two decades and also has been able to withstand
the global financial crisis better than any other country. Indian financial sector has traditionally been bank
dominated with commercial banks accounting for 60% of the total assets of the Indian financial system. In
the years ahead, banks are expected to play a much larger role in supporting the productive impulses of the
economy.
Asset quality of Indian banks under growing pressure
The weakening domestic macroeconomic conditions combined with continuing adverse international economic
developments and its increasing spill over risks posed major challenges to the Indian banking sector for the
second consecutive year in FY13. The pace of growth of the Indian banking system has moderated, and there
has been deterioration in asset quality (more perceptibly for public sector banks). The sector witnessed a rise
in the Non-Performing Assets (NPAs) along with increase in the restructured advances. Weak corporate sector
performance, risk aversion by banks due to rise in bad debts, regulatory bottlenecks and lower rate of return
due to high inflation led to deceleration in credit and deposit growth which in turn affected the profitability
of the banks.
However, it was the comfortable capital base which continues to lend resilience to the Indian banking sector.
Also, several policy initiatives were undertaken during the year to counter these challenges. The RBI initiated
a series of policy measures to enable Indian banks to adopt the Basel III norms and improve asset quality of
the banks. These measures coupled with issue of new banking licenses will ensure that the Indian banking
sector evolves going ahead and meets the needs of a dynamic real economy.
In FY13, total assets continued to witness subdued growth of 15.1%; foreign banks recorded the lowest
growth
The overall balance sheet of the Indian banking sector continued to moderate during FY13 primarily led by
sharp slowdown in credit growth. The total assets/liabilities of all scheduled commercial banks in FY13 grew
by 15.1% in FY13 after growing by 15.8% in FY12 and 19.2% FY11.
The public sector banks had the maximum share of more than 72% in total assets of all SCBs as on Mar
2013. While the growth in the asset size of the foreign banks moderately significantly in FY13, growing by
only 5.7% as compared to the 19.8% growth in FY12, the growth rate of the public sector banks in FY13 at
15.3% exceeded the growth rate of 14.1% in FY12. Asset size of the private sector banks also moderated to
17.5% in FY13 (21.1% in FY12), with the new private sector banks recording a greater moderation than the
old private sector banks.
XVI
Banks at a Glance - Operational Performance

Particulars
PSBs
Private Sector Banks
Foreign Banks
All SCBs
Key Balance Sheet Indicators (` bn)

Total Liabilities/Assets
69619.67
19898.04
6215.63
95733.34
Deposits
57456.97
13958.36
2880.00
74295.32
Loans and Advances
44727.74
11432.49
2636.80
58797.03
Growth (y-o-y) %
Total Liabilities/Assets
15.3
17.5
5.7
15.1
Deposits
14.9
18.8
4.0
15.1
Loans and Advances
15.4
18.3
14.7
15.9
11.31
15.1
18.76
12.77
Key Ratios
CRAR Basel II
Gross NPA Ratio
4.1
2.0
2.9
3.6
Net NPA Ratio
2.0
0.5
1.0
1.7
77.8
81.9
91.6
79.1
Credit-Deposit Ratio
Source: RBI
Sustained economic slowdown and risk aversion dampened credit growth

Indias economy witnessed a decadal growth rate of 4.5% during FY13. The subdued demand in the economy
and the risk aversion by banks led to low credit growth in FY13.
Loans & advances by Indian banks decelerated to 15.9% in FY13 as compared to 18.9% in FY12. Data on sectoral
deployment of credit reveals that while credit growth had moderated across all sectors, credit disbursement
to the agriculture and allied activities fell at a sharper pace. Within industry, credit to the infrastructure sector
slowed down considerably. While credit growth to micro and small sector grew strongly, credit growth to
medium sector remained almost unchanged from the previous year and credit to large sector slowed down
considerably. Retail loans in FY13grew strongly by 20% as compared to 15% growth in FY12. While priority
sector credit in grew in FY13, share of credit to priority sectors was lower than the target level.
Investments by banks, although increased marginally, by 17% in FY13 as compared to 16.1% in FY12, it
was due to increase in investments in non-approved securities, while investments in government securities
moderated considerably to 15.0%. During FY12, SCBs investment in government securities had grown by
19.8%. Outstanding credit deposit ratio remains largely unchanged during FY13 as compared to FY12. Except
for the foreign banks and the SBI, the credit deposit ratio for all other categories of banks moderated.
During FY13, while there was a sharp increase in international liabilities of banks located in India, while the
international assets of these banks remained largely unchanged. Data for International claims of the Indian
banks reflects a shift from banks to the private non-banking sector in FY13. Country wise a shift was also
noticeable from the US and European economies, such as the UK and Germany towards countries like Hong
Kong and Singapore in South East Asia.
XVII
Credit and deposit Growth of SCBs
Source: RBI
Aggregate deposits of SCBs records a higher growth in FY13 as compared to FY12; New private sector
banks witnesses strong growth while foreign banks decelerates
Deposits that accounted for over 78% of total liabilities of the SCBs in FY13 grew by 15.1% to ` 74295.32 bn
in FY13. Revival in the growth of current and savings accounts (CASA) supported the growth in the overall
deposits, with the new private sector banks recording the highest growth rate amongst the other categories
of banks.
The growth in deposits was due to the significant recovery in demand deposits and also considerable growth
in savings bank deposits while growth in term deposits moderated. Demand deposits of SCBs had recorded
a decline during FY12 led by the decline in demand deposits by public sector banks. Both the public sector
banks as well as the private sector banks witnessed an upsurge in demand deposits while the foreign banks
reported a decline in FY13.
The foreign banks deposits grew merely by 4% during FY13 owing to a decline in demand deposits d strong
moderation in savings banks a term deposits.
Declining NIM and rising operating cost dented profitability for Scheduled Commercial Banks (SCBs)
Slowing business environment for banking industry led to decline in the credit off-take for SCBs. Softening in
monetary policy rates during FY13 and slowdown in the growth of advances from 18.1% to 15.9% in FY13
decelerated the growth of interest earned for SCBs. Interest earned for SCBs grew 16.5% in FY13 to ` 7,636.1
bn as compared to a healthy growth of 33.4% in FY12. Repo rate has declined from 8.5% to 7.5% during FY
13. Investments growth however has moderately accelerated to 16.9% in FY13. Other Income mainly due
to profit on sale and revaluation of investments grew 13.3% to ` 977.9 bn in FY13. Total Income as a result
grew at a slowed pace of 16.2% to ` 8,613.9 bn in FY13.
Private Banks continued to lead the growth for SCBs with 23.7% growth in interest earned, 23% growth
in total income, 18.3% growth in advances and 19% growth in Investments. However growth for private
banks on all financial parameters has substantially slowed down compared to FY12. Moderate acceleration
in investment growth was mainly due to healthy growth of investments in public sector banks of 16.7% in
FY13 compared to 12.8% in FY12.
XVIII
Bank segment wise total income of SCBs

Segment
Interest Earned
` in Bn
Foreign Banks
Public Banks
Other Income
Growth (%)
` in Bn
Total Income
Growth (%)
` in Bn
Growth (%)
422.5
17.4
112.1
2.9
534.6
14.0
5,548.8
14.5
567.8
12.7
6,116.6
14.3
Private Banks
1,664.9
23.7
297.9
18.9
1,962.8
23.0
Total
7,636.1
16.5
977.9
13.3
8,613.9
16.2
Source: RBI and D&B Research
Softening in monetary policy rates in FY13 led to slowdown in the growth of Interest expended to 19.4%
from 44% in FY12. The deceleration in interest expended was despite faster pace of deposits of 15.1% in
FY13 compared to a growth of 14.9% in FY12. Banks borrowed cautiously in slowing economic environment
decelerating its pace to 19.8% in FY13 compared to a growth of 24.9% in FY12. Operating expenses grew
13.8% in FY13 mainly due to 11.9% growth in employee cost. Provisions and contingencies grew 8.5% for
FY13 mainly contributed by 22.5% growth in provisions for NPAs.
Net Interest Margin (NIM) for SCBs declined 10 bps to 2.8% in FY13. Declining NIM and rising operating cost
dented profitability growth of SCBs. Net profit for SCBs grew 11.6% to ` 816.6 bn compared to a growth of
16.1% in FY12. Net profit growth continued to be led by private banks which registered a healthy growth of
27.6% followed by 22.9% growth by foreign banks in FY13. Deceleration in profit growth impacted Return
on Equity for SCBs as it declined to 13.8% in FY13 compared to 14.6% in FY12.
Bank segment wise net profit of SCBs
SCBs continued to be well-capitalised despite a marginal decline in CRAR

Capital adequacy norms play a crucial role in determining financial stability and operating efficiency of the
banking system. The capital to risk-weighted assets ratio (CRAR) under Basel II of SCBs remained well above
the stipulated 9% for all bank groups during FY13, suggesting Indian banks are well-capitalised and in the
short-to-medium term, SCBs are not constrained by capital in extending credit.
XIX
CRAR for SCBs, however, declined moderately in FY13 to 13.9% from 14.2% in the previous year. The core CRAR
(Tier I) under Basel II also witnessed a moderate decline to 10.3% in FY13 from 10.4% in FY12. The decline in
capital positions at the aggregate level was due to the decline in the capital positions of PSBs.
During FY09-FY13, the GoI has infused ` 477 bn in PSBs. The GoI will further infuse ` 140 bn in PSBs during
FY14. Thus the deterioration in the capital position of PSBs is worrisome on account of the fiscal repercussions
of capital infusion in PSBs.
CRAR as per Basel-II norms attained by PSBs stood at 12.4% in FY13 as against 13.2% in FY12. In comparison,
private banks maintained a higher Basel II CRAR at 16.8% in FY13 as it increased from 16.2% in FY12. Foreign
banks registered the highest CRAR of 17.9% in FY13 which grew from 16.8% in FY12.
The Basel III capital regulation has been implemented in India effective from Apr 1, 2013 which will be fully
implemented in a phased manner by Mar 31, 2018. The Basel III norms will improve risk management systems
and governance and make banks more capital efficient, thereby, improving banking sectors ability to absorb
shocks arising from financial and economic crisis. Infusion of bank capital will facilitate banks to improve its
core business of lending for further growth.
However, though Indian banks are well-capitalised with an overall CRAR of 13.5% as on June 30, 2013; to
adopt Basel III norms PSBs alone will require an additional capital of ` 4.15 trillion, of which equity capital
would be of ` 1.4 - 1.5 trillion, while non-equity capital would be of ` 2.65 - 2.75 trillion; leading to fiscal
burden of Basel III to maintain Government ownership. Nonetheless, as PSBs adopt the Basel III framework,
the quantity and quality (common equity) of capital needs to be enhanced, while addressing the increasing
credit requirements of the economy.
The Indian banking sector in near term is confronted by the challenge to support economic recovery through
enhanced credit off-take.
Asset quality of SCBs continue to remain stressed under persistent adverse macro-economic
conditions
The non-performing assets of Indian banks continued to remain a great concern, with gross NPAs as a
percentage of gross advances increasing significantly from 3.1% in FY12 to 3.6% in FY13. On the other hand,
Net NPAs as the percentage of net advances grew from 1.3% in FY12 to 1.7% in FY13. (Please refer chart
titled Gross NPA and Net NPA ratio of Scheduled Commercial Banks (SCBs)). Prevailing slowdown in the
domestic economy, declining business confidence in the industry due to slackening demand, prevailing high
interest environment, and high exposure of Indian banks, especially public sector banks, to the real estate,
textile, infrastructure (specifically power and telecom segments), in addition to the priority sector are few of
the reasons for the substantial increase in NPAs during FY13. The doubtful assets of the SCBs increased by
729.5% in FY 13 compared to 17% in FY12, indicating the deteriorating assets quality of Indian SCBs.
XX
Gross NPA and Net NPA ratio of Scheduled Commercial Banks (SCBs)
Deterioration in asset quality was more pronounced in case of public sector banks. The gross NPA ratio of
public sector banks grew from 2.32% in FY11 to 3.8% in FY12. Although the gross NPAs of public sector
banks have grown consistently from 2.10% in FY09, they recorded a steep increase in FY12, growing from
2.32% in FY11 to 3.17% in FY12. Similarly, the net NPA ratio of the public sector banks increased from 1.09%
in FY11 to 1.80% in FY13.
On the other hand, private sector banks have been able to reduce their NPAs during the same period. After
registering a steep growth in gross NPA ratio in FY09, which grew from 2.75% in FY08 to 3.25% in FY09, the
gross NPAs of private sector banks reduced consistently from 3.25% in FY09 to 2.08% and FY12 and further
to 1.90% in FY13. Net NPA of the private banks though declined from 1.29% in FY09 to 0.46% in FY12,
registered a marginal growth in during FY13.
Gross NPA ratio of the foreign banks that had reduced from 4.30% in FY09 to 2.54% in FY11, registered in
marginal growth in FY12 and grew significantly during FY13. The Net NPA ratio of foreign banks that declined
from 0.67% in FY11 to 0.61% in FY12, due to excessive provisioning of NPAs, increased to 1.00% during FY13.
Foreign banks increased their NPA provisioning by 271% in FY12 over FY11 leading to a decline in Net NPAs.
However, a reduction in their NPA provisioning by 48% during FY13 impacted their net asset quality thereby
leading to an increase in their Net NPA ratio.
Although all banks are taking adequate measures to control NPAs, there has been fresh accretion of NPAs
during FY13, as captured by the slippage ratio, which increased from 2.5% in FY12 to 2.7% in FY13. With the
implementation of Basel III underway, the banking norms especially, the norms for NPAs are set to become
more stringent and in the near-term, Indian banks would have to devise innovative ways for reducing their
NPAs rather than resorting to provisioning of their bad assets.
XXI
XXII
NBFCs
Non-Banking Financial Companies

Sectoral Overview - NBFCs
NBFCs are non-banking companies carrying business of a financial institution. These institutions are engaged
in the principal business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued
by government or local authority, other securities of marketable nature, leasing, hire purchase, insurance
business and chit business. The institutions whose principle business is that of agricultural activity or any
industrial activity or sale, purchase or construction of immovable property, do not fall under the definition
of NBFCs. Unlike commercial banks, NBFCs cannot accept demand deposits, cannot write checking facility,
and cannot issue cheques to the customers. NFBCs operate largely in vehicle financing, hire purchase, lease,
personal loans, working capital loans, microfinance, consumer loans, housing loans, loans against shares,
investments, distribution of financial products, etc.
Classification of NBFCs
Liabilities based classification:
On the basis of liabilities, NBFCs are classified into two categories (i) NBFCs-Deposit taking (NBFCs-D) and
(ii) NBFCs-Non-Deposit taking (NBFCs-ND). NBFCs-D are subject to requirements of capital adequacy, liquid
assets maintenance, exposure norms (including restrictions on exposure to investments in land, building, and
unquoted shares), ALM discipline and reporting requirements, whereas in contrast, until 2006 NBFCs-ND were
subject to minimal regulation.
Business based classification:
The NBFCs, depending upon its nature of business, are broadly categorized as loan companies (LC), investment
companies (IC), infrastructure finance companies (IFC), asset finance companies (AFC), core investment
companies (CIC), infrastructure debt funds (IDF), micro finance institutions (MFI), and factors. NBFCs-IDF and
NBFCs-MFI were created in FY12 and were brought under a separate regulatory framework. NBFCs-Factors
were introduced in Sep 2012.
During FY13, the non-banking financial sector witnessed further consolidation as the number of Non-Banking
Financial Companies (NBFCs) operating in the economy declined.
Size based classification:
Among NBFCs-ND, companies with asset size of ` 1 bn and more have been categorised as systemically
important NBFCs-ND (NBFC-ND-SI), and those with asset size of not more than ` 1 bn have been categorised
as non-systemically important NBFCs-ND.
NBFCs that form a significant segment of the shadow banking system play an important role in broadening
access to financial services and enhancing competition and diversification of the financial sector. NBFCs have
emerged an important intermediary for financing and have provided strong competition to banks and financial
institutions. The regulatory and supervisory framework for NBFCs has been continuously strengthened in order
to ensure their strong and healthy functioning, limit excessive risk-taking practices, and protect the interests
of the deposit holders. In lieu of this, RBI has issued proposed draft guidelines for NBFCs in Dec 2012, based
on the recommendations of the Usha Thorat Committee, which was set up to review the existing regulatory
and supervisory framework of NBFCs. These proposed guidelines focus on enhanced corporate governance,
capital requirement, risk weights, disclosure standards, asset classification and tightened liquidity management
requirements.
Over the years, NBFCs have become a crucial part of the Indian financial system. The total number of NBFCs
registered with the RBI declined marginally to 12,225 as on end-June 2013 from 12,385 as on end-June 2012
XXIV
and 12,409 as on end-June 2011. The number of deposit taking NBFCs (NBFC-D) also reduced from 271 as on
end-June, 2012 to 254 at end-June 2013. This reduction in numbers is largely due to migration to non-deposittaking category and cancellation of Certificates of Registration (CoR). Despite the decline in the number of
NBFCs, their total assets and net owned funds increased marginally. The size of total assets of NBFCs grew
only by 1.8% from ` 1,298 bn as on March 31, 2012 to ` 1,322 bn (P:provisional) as on March 31, 2013. Net
owned funds of NBFCs too grew merely by 0.40% from ` 249 bn on end-March 2012 to ` 250 bn (P) on endMarch 2012. Public deposits of NBFCs also grew by 6% and stood at ` 106 bn (P) as at end-March 2013.
In FY13, total assets of NBFCs-D sector grew by (provisional) 2.2% to ` 1,249 bn primarily due to an increase
in the assets of Asset Finance Companies (AFCs) whereas the assets of Loan Companies declined by around
46%. During the same year, total assets of NBFCs-ND-SI registered a 19.5% increase as loans and advances,
which formed a major part of the assets, increased by 22%
Funding source of NBFC sector
Funding source of NBFCs comprises of debentures, borrowings from banks and FIs, public deposits, commercial
papers and inter-corporate loans. In FY13, borrowings from banks and FIs, followed by debentures, constituted
an important source of funds for NBFCs-D. Borrowings from banks and FIs accounted for 42.3% and debentures
accounted for 37.5% of the total borrowings of NBFCs-D in FY13. Debentures form an important source
of funds for NBFCs-ND-SI. In FY13, debentures accounted for 47% (P) and borrowings from banks and FIs
accounted for 30% (P) of the total borrowings of NBFCs-ND-SI.
Sources of Funds of NBFCs-D
Application of Funds of NBFCs-D

Source: RBI
Note: P denotes Provisional
Source: RBI
As at the end of FY13 balance sheet size of NBFC-D stood at ` 1,249 bn registering an marginal increase of
around 2.2% on a y-o-y basis. As of March-2013, more than two-thirds of NBFCs-D sectors total assets were
held by AFCs. Component wise, the advances accounted for a predominant share of the total assets, followed
by cash and bank balances. Borrowings, a major source of funding, grew by 3.4% and public deposits which are
subjected to credit rating, continued to increase, with around 25% growth. However, borrowings from banks
which constitute the biggest source of funding for NBFCs-D, albeit declined, during FY13. Borrowings from
FIs picked up significantly by 200% during the year while borrowings from government and inter-corporate
borrowings declined substantially by 22% and 25% respectively during FY13. However, total Investments
continued to register a 2.7% decline mainly on the back of a decline in investments in equity shares and in
commercial paper. The ratio of public deposit to net owned funds improved marginally and stood at 32% as
at end-March 2013, as against 26% as at end-March 2012.
XXV
Sources of Funds of NBFCs-ND-SI
Application of Funds of NBFCs-ND-SI

Source: RBI
The balance sheet size of NBFCs-ND-SI as at end-FY13 stood at ` 11,177 bn, as against ` 9,353 bn as at endFY12, indicating 19.5% growth. Secured borrowing constitutes a major source of borrowings for NBFCs-ND-SI
and grew by 19.4% during FY13. Unsecured borrowings of NBFCs-ND-SI, constituting slightly less than half
the total borrowings, expanded significantly and outpaced the growth in secured borrowings during FY13.
The leverage ratio of the NBFCs-ND-SI sector increased marginally to 3.2% during FY13. On the deployment
side, loans and advances continue to constitute the largest share, followed by investments and hire purchase
assets. During FY13, loans and advances grew 22.0% on account of 26.1% growth in secured loans and
advances. Hire purchase assets grew 22.8%, and investments grew by 12.8%.
NBFCs-D demonstrated a marginal increase, while NBFCs-ND-SI demonstrated deterioration in their
financial performance
During FY13, total income (TI) of NBFCs-D grew marginally by 5% to ` 188 bn and expenditure grew by
7% to ` 138 bn. Thus, net profit of NBFCs-D increased marginally by 3% to ` 34 bn in FY13 compared with
` 33 bn in FY12. Even though the net profit of NBFCs-D showed marginal improvement, RoA remained at
the previous years level at 2.7%. In view of increased costs, cost-to- income ratio of the NBFCs-D also rose
during the year.
Financial Performance (` bn)
Particulars
Total income
Operating Profit (PBT)
Net profit (PAT)
Total Assets
NBFCs-D
2012
NBFCs-ND-SI
2013 P
2012
RNBC
2013 P
2012
2013 P
179
188
988
1,246
3.32
3.14
50
50
N.A.
N.A.
1.67
1.69
33
34
171
222
1.1
1.2
1,222
1,249
9,353
11,177
75.43
73.14
14.6
15.0
10.6
11.2
4.4
4.3
2.7
2.7
1.8
2.0
1.5
1.6
72.2
73.4
75.40
74.64
50.00
46.18
Ratios in %
Income as % of total assets
Net Profit as % of total assets
Cost to Income Ratio
Source: RBI
Note: P stands for Provisional, N.A. not available
XXVI
Total income of NBFCs-ND-SI registered 26.1% increase to ` 1,246 bn, while expenditure increased by 24.8%
to ` 930 bn. As a result net profit of NBFCs-ND-SI grew significantly by 28.9% to ` 222 bn in FY13. Net profit
as a percentage to total income as also to total assets increased marginally during the year.
In FY13, total income of RNBCs declined by 5.4%, but as the decline in expenses exceeded the decline in total
income, operating profit of RNBCs increased marginally by 1.2%. However, net profit of RNBCs increased by
9.1% due to decline in provision for taxation.
Captive NBFCs, NBFCs focusing on sensitive sectors and gold loan companies proposed to maintain
Tier I of 12%, as other NBFCs proposed to maintain 10%
Currently, NBFCs-D and NBFCs-ND-SI are required to have minimum Capital Adequacy Ratio (CRAR) of 15%
as against 9% in case of banks. Consequently, Tier l capital cannot be less than 7.5% for these NBFCs and for
NBFCs-IFCs Tier l capital cannot be less than 10%. Similarly, NBFCs primarily engaged in lending against gold
jewelry have to maintain a minimum Tier l capital of 12% w.e.f. Apr 01, 2014.
However, as per the proposed RBI guidelines, w.e.f. Apr 1, 2014, all captive NBFCs (90% and above of total
assets (net of intangibles) are on financing parent companys products/services) and NBFCs that are engaged
in lending to sensitive sectors like capital market, commodities, and real estate will have to maintain the Tier
I capital of 12%. Other NBFCs including IFCs, shall maintain Tier l capital at 10%. It is also proposed that risk
weight for NBFCs that are not sponsored by banks, should be 125% for commercial real estate exposure and
150% for capital market exposure.
Over the years, the NBFC sector has undergone a fair degree of consolidation leading to the emergence of
companies having larger asset size. Capital adequacy norms that were mandatory for NBFCs-D were made
applicable to NBFCs-ND-SI too in 2007, considering their growing importance in the segment and to ensure
their sound development. As of March 2013, out of 209 reporting NDFCs-D, 206 (P) had CRAR of more than
15%, whereas in March 2012, 242 of 246 NDFCs-D had CRAR of more than 15%. In case of NBFCs-ND-SI, 368
out of 418 companies had CRAR of more than 15%, indicating an availability of capital for further expansion.
Only 12% of reporting NBFCs-ND-SI reported CRAR of less than 15% and almost all of them were either
investment companies or loan companies.
Capital Adequacy Ratio of NBFCs-D (No of companies)
CRAR Range
Less than 15%
2012-13 P
AFC
LC
Total
More than 15% and up to 20%
19
24
Above 30%
144
29
173
Total
171
38
209
Source: RBI
Note: P: Provisional; AFC - Asset Finance Company; LC - Loan Company.
XXVII
Capital Adequacy Ratio of NBFCs-ND-SI (No of companies)

CRAR Range
2012-13 P
AFC
IC
IDF
Total
24
37
10
30
46
Above 30%
LC
Total
34
IFC
Less than 15%
15
50
182
95
285
16
233
164
418
Source: RBI
Note: P: Provisional;
-: Indicates nil.
AFC - Asset Finance Company; LC - Loan Company; IC - Investment Company; IFC - Infrastructure Finance Company; IDF - Infrastructure Debt Fund.
90 day norm for classification of assets by NBFCs proposed by RBI

The period of classifying NPAs in case of the NBFC sector is higher at 180/360 days, as against 90 days in
case of banks. However, as per the proposed guidelines issued by RBI, w.e.f. Apr 1, 2014, NBFCs will classify
an account as NPA, if payment is overdue for 120 days and follow the 90 day norm after a year later. These
asset classification norms have been issued by the RBI to align the norms applicable to NBFCs with the norms
currently applicable to banks. RBI has also proposed to increase the provisioning for standard assets from
0.25% to 0.40% of the outstanding amount from Mar 31, 2014 for all NBFCs.
The asset quality of the NBFCs-D deteriorated from the past years level. Weakening of the asset quality of
NBFCs-D followed the trend of rising NPAs in the banking sector. During FY13, gross NPA to total advances
of NBFC-D increased to 2.4% (P) as against 2.2% in FY12. At the same time, net NPAs to net advances also
increased to 0.8% compared to 0.5% in FY12. Net NPAs to net advances remained negative for four consecutive
years during 2008 to 2011, with provisions exceeding the NPAs.
Further, asset quality of asset finance and loan companies deteriorated, as their gross NPA ratio increased
from 2.4% and 1.3% in FY12 to 2.7% and 1.5% in FY13 (P). In case of NBFC-ND-SI, both gross and net NPA
ratio increased from 2.12% and 1.29% in FY12 to 2.20% and 1.09% in FY13 (P).
NPA Ratios of NBFCs
NPA Ratios (%) as at end- March
2010
Gross NPAs to Total Advances
Net NPAs to Net Advances
2011
2012
2013 P
1.3
0.7
2.2
2.4
0.5
0.8
Source: RBI
Note P: Provisional, #: Provisions exceeded NPA
NPA Ratios of NBFCs-ND-SI

NPA Ratios (%) as at end- March
As at end
Mar-12
Mar-13 P
Gross NPAs to Gross Advances
2.12
2.2
Net NPAs to Net Advances
1.29
1.09
Gross NPAs to Total Assets
1.54
1.63
Net NPAs to Total Assets
0.93
0.8
Source: RBI
Note P: Provisional
XXVIII
Policy measures for NBFCs

During FY13, various policy measures were introduced to improve the regulation and supervision of
NBFCs
New category of NBFC created - During 2012-13, a new category of NBFC,viz., Non-Banking Financial
Company Factors was created and a regulatory framework in the form of entry point capital and prudential
regulations was placed on them.
Revised norms on lending against gold by NBFCs - NBFCs lending against collateral of gold jewellery advised
by the RBI to maintain a loan-to-value (LTV) ratio not exceeding 60% and to disclose in their balance sheets
the percentage of such loans to their total assets. If the loans extended by a NBFC comprise 50% or more
of its financial assets, it shall maintain a minimum Tier-l capital of 12% by April 01, 2014. All NBFCs were
advised that no advances should be granted by them for purchase of gold in any form, including primary
gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds (ETF) and units of gold
Mutual Funds.
Revisions to Guidelines on Fair Practices Code for NBFCs - The Fair Practices Code has been revised to
include sector specific features to enhance transparency and fair practices relating to micro lending and lending
against collateral of gold in the light of operational issues surrounding these activities
Margin caps for Non Banking Financial Company-Micro Finance Institutions (NBFCMFI) revised The
margin cap for lending by NBFCs-MFI irrespective of their size stands at 12% till March 31, 2014. With effect
from April 1, 2014, the margin cap shall not exceed 10% for large MFIs (loans portfolios exceeding ` 1 billion)
and 12% for others.
Other measures that were taken are
Guidelines issued for Core Investment Companies venturing into insurance business
Directions issued to CICs regarding overseas investment
Guidelines issued with respect to private placement by NBFCs
Besides, the Reserve Bank of India also clarified that it does not regulate chit fund activities or Collective
Investment Schemes (CIS). It regulates only those NBFCs that conduct financial activity as their principal
business and that it has authorised only a few of them to accept deposits and such entities do not enjoy
DICGCs deposit insurance facility.
Outlook
NBFCs have been playing a crucial role in terms of the macroeconomic perspective as well as strengthening
the structure of the Indian financial system. Consolidation in the sector and better regulatory framework for
NBFCs has helped them become more focused. However, in the real world of competition, NBFCs have to
focus more on their core strengths and must constantly endeavor to search for new products and services in
order to survive and grow constantly.
XXIX
XXX
Broking
Broking
Vibrant equity and debt market have been currently growing at a steady pace as compared to some of its
peers in the global market. Domestic savings and investment plays a critical role in the Indian capital markets
and fight backs to channelise the maximum savings into the financial system, thereby increasing the depth
of the markets. Regardless of the global economic downturn, Indian capital markets have done well in the
last decade and have managed to achieve a balanced inflow of funds from FIIs and DIIs.
Gradual move in distribution pattern of household savings during FY10-13
The volume and composition of domestic savings in India have undergone changes in the past few years.
Domestic savings are mainly derived from three sources - public sector, private sector and households. The
savings rate stood close to 23.8% in FY01 and exceeded ever since to reach 30.7% in FY13. However, it
displayed a descent from 33% in FY10 to 30.7% in FY13. The decline in savings rate coupled with the change
in distribution pattern of household savings has had an adverse impact on the flow of funds into the securities
market.
Households have accounted for nearly three-fourth of the gross domestic savings during the last few years
growing at 10.7% CAGR during FY10-13. Share of savings of the private corporate sector has seen a steady
growth of 23.4%, registering CAGR of 9.7% during FY10-FY13. The public sector accounted for an average
share of around 3.8% of the gross household savings.
Segment-wise % share of domestic savings

Source: D&B Research, RBI
Source: D&B Research, RBI
Within household savings, the share of financial savings vis--vis physical savings has been declining in the
recent years. Financial savings such as bank deposits, shares and debentures and life insurance funds have
seen a declined trend from FY10 at 35.5% to 22.4% in FY12 but witness a slight increase in share to 23.6% in
FY13. Conversely, physical savings such as gold witnessed an ascending trend in share from 39.2% in FY10 to
50.2% in 2012 but recorded a slight decreased to 49.1% in FY13. Negative returns on deposits in real terms
due to high inflation and sharp slide in stocks, have led to reallocation of financial savings to non-productive
assets such as gold, bullion, or land.
Primary equity markets

Resource mobilisation moved in line with the savings and investment rates during FY09-13
In FY13, total resources mobilized through the primary market stood at ` 324.6 bn, out of which the bond
market drove the majority. The resource mobilized moved in line with the savings and investment rates of the
economy. In FY13, when the savings and investment rates fell to 30.7% and 34.6% respectively, the resource
mobilized through the primary market saw a fall from ` 484.7 bn in FY12 to ` 324.6 bn in FY13, a contraction
of nearly 33%.
XXXII
The corporate bond market which was dormant in FY09 started increasing substantially as it provides the
corporate sector with a secure source of funding. Share of resources mobilized through bonds increased from
mere 9.2% in FY09 to 53.3% in FY13. Similarly, on a yearly basis, in absolute terms resource mobilization
through the bond market also saw an appreciation from FY09 to FY12 but registered a decline in FY13.
Resource mobilisation
Source: SEBI, Economy Survey 2012-13
Primary markets recorded lackluster growth in terms of resource mobilisation

In FY13, primary market activities were subdued and the decreasing number of public issues from 68 in FY11
to 53 issues in FY13 reflected the effect of this lull. During the same period, resource mobilized from public
and rights issues witnessed a sizable fall by 33.1% to ` 324.6 bn compared to ` 484.8 bn in FY12.
Resource mobilisation through private and right issues
Source: SEBI
The resource mobilisation in the primary market through IPOs increased marginally to ` 65.3 bn through 33
equity issues during FY13, compared with ` 59 bn mobilised through 34 issues in the last financial year.
Although there was slight decline in number of equity public issues to 33 in FY13 (34 in FY12 and 53 in FY11),
resource mobilisation through public issues from bonds/NCDs saw an outstrip from 10 in FY11 to 20 in FY13.
This change of preference towards debt market was mainly observed due to low risk hunger emanating from
poor/negative returns on a number of IPOs and a fairly volatile secondary market.
Industry-wise classification reveals that financial companies/institutions raised the maximum amount of
resources during FY13. The share of finance companies was 51% of the total resource mobilised. The number
of issues for financial sector was the highest in FY12 and FY13 at 18 and 16 respectively. Telecom industry
with its remarkable IPO issue garnered 12.9% of the total resource mobilisation whereas banks had a relatively
lesser share of 7.1% in FY13 compared with 42.3% in FY12.
XXXIII
Share of resources mobilised by private sector grew to more than 20%

As per SEBIs sector-wise classification, 55 private sector and 14 public sector issue mobilised resources through
the primary market during FY13 compared with 60 private sector issues and 11 public sector issues in the
preceding year. The share of private sector in total resource mobilisation jumped from 29.5% in FY12 to 54.5%,
amounting to ` 176.9 bn in FY13. On the other hand, resource mobilised by the public sector declined from
70.5% in FY12 to 45.5% amounting to ` 147.7 bn in FY13.
QIP issue sees sizable growth in 2012-13
Qualified institutions placement (QIP) was introduced to minimize the excessive dependence on foreign
markets. Hence to facilitate quicker resource mobilisation by companies from institutional investors in the
domestic market, listed companies resorted to QIP.
Resource mobilisation through QIP
Source: SEBI
Since its inception, a large number of companies have utilized QIP for raising the much needed funds as
evident from the above chart. In FY13, issuers raised ` 159.96 bn through 45 QIP issues compared with
` 21.6 bn raised through 16 issues during 2011-12. This was mainly due to guidelines issued by SEBI, which
required listed companies to achieve and maintain public shareholding share at 25% by June 2013 thereby
encouraging resource mobilisation through this route.
Secondary equity markets
Sensex and Nifty both depicted an uphill trend of 8.2% and 7.3% respectively in FY13. The BSE Sensex gained
1432 points in FY13 compared with 1740 in FY12. The CNX Nifty also increased 387 points in FY13 over 5269
in FY12. The equity market showed signs of recovery owing to IPOs and FIIs being turned as net investors in
Indian market during FY13.
Indicators of the equity market
Particulars
FY09
FY10
FY11
FY12
FY13
12,365.6
15,585.2
18,605.2
17,423.0
18,836.0
3,731.0
4,657.8
5,583.5
5,243.0
5,520.0
BSE Sensex
43.6
29.2
21.1
20.2
12.5
S&P CNX NIFTY
41.5
29.4
21.4
20.4
12.9
BSE
30,860.8
61,656.2
68,390.8
62,149.4
63,878.9
NSE
28,961.9
60,091.7
67,026.2
60,965.2
62,390.4
BSE Sensex
13.7
21.3
21.2
17.8
16.9
S&P CNX NIFTY
14.3
22.3
22.1
18.7
17.6
Indices (Annual Average)

BSE Sensex
S&P CNX NIFTY
Annualised Volatility (%)
Market Cap (` bn)
P/E Ratio
Source: SEBI
XXXIV
The market capitalisation of all listed companies on the BSE indicated an upturn trend as it increased at CAGR
of 19.9% during FY09-13 to reach ` 63,878.9 bn. At NSE, market capitalization of all listed companies for end
of FY13 grew at 21.1% CAGR amounting to ` 62,390.4 bn.
The valuation of the shares can be gauged from the P/E ratio. During FY13, there was a moderation in the
P/E ratio compared with the preceding year. P/E ratio of the BSE Sensex and the S&P CNX Nifty stood at 16.9
and 17.6 compared with 17.8 and 18.7 respectively at end of FY12.
The volatility measured by the annualized standard deviation witnessed considerable downfall in FY13 compared
with FY12. Annualized volatility of the BSE Sensex decreased from 20.2% in FY12 to 12.5% in FY13. Similarly,
the same trend was observed in the NSE CNX Nifty, which decreased from 20.4% in FY12 to 12.9% in FY13.
Selected sectoral indices and their returns
Year
CNX IT
%
variation
CNX
Bank
%
variation
CNX PSE
%
variation
BSE Oil
and Gas
%
variation
BSE
FMCG
%
variation
FY09
2319
-55.3
4133
-22.2
2454
-1.2
7053
9.9
2036
17.1
FY10
5856
152.6
9460
128.9
3766
53.5
10159
44
2831
39.1
FY11
7148
22.1
11705
23.7
3567
-5.3
10241
0.8
3596
27
FY12
6516
8.8
10213
-12.8
2900
-18.7
8088
-21
4493
24.9
FY13
7219
10.8
11362
11.3
2748
-5.2
8329
5919
Source: SEBI
Although the benchmark indices saw an upsurge, the trend in returns generated by the sectoral indices varied.
Among the major sectorial indices at the BSE and NSE, all the indices have seen an upward trend except the
CNX PSE index. Better corporate earnings and improved economic environment led to increase in the indices
of major sectors. The CNX Bank indices saw the highest improvement recording a rise of 11.3%, which had
earlier declined by 12.8% in FY12. This was followed by CNX IT at 10.8% and BSE Oil & Gas and BSE FMCG
at 3% each.
Market capitalisation-to-GDP ratio have shown downfall for three consecutive years
Market cap to GDP ratio is monitored to estimate the extent of development of the stock market. The market
cap is important as the market is interrelated with the facility to mobilize capital and spread risk. For past
three consecutive years since FY11, market cap to GDP ratio has shown a declining trend from 87.7% in FY10
to 63.7% in FY13. Similarly, the NSE also witnessed the same trend as the BSE, from recording a decline of
86% in FY11 to 62.2% in FY13 mainly owing to domestic slowdown and sinking returns by the exchanges.
Market cap to GDP ratio
Source: SEBI
One can measure market liquidity through the traded value to GDP. This is the ratio of value of the shares
traded to GDP (at current market prices). The all India cash turnover to GDP ratio declined to 32.5% in FY13
from 38.8% FY12. However, in the derivatives segment there was a jump in the turnover to GDP ratio from
358.3% in FY12 to 385.9% in FY13
XXXV
Derivative market in India

Over the years, development of products and technology along with stiff competition mainly led to a steady
increase in the presence and role of OTC and exchange traded derivatives in India. These instruments are an
important component of the overall strategy of the financial sector.
Demand growth of the derivatives market has outperformed equity cash market in 2013
During FY09-13 total turnover (cash and derivatives) at the NSE and BSE has increased by CAGR of 29.7%.
Trading in the cash segment has seen a declining trend from FY10, while trading in the derivatives segment
has seen a manifold growth over the years at CAGR of 36.9% during FY09-13, indicating rising preference
towards trading in the derivatives segment mainly owing to buoyant markets. Higher turnover converts into
more brokerage and thus, boosts the securities market.
Total turnover at BSE and NSE
Source: SEBI, D&B Research
During FY13, the total number of contracts traded in the derivatives market by NSE declined by 6.1% on the back
of weak investor sentiment in the midst of global and domestic slowdown. Conversely, at the BSE the number
of contracts rose substantially as these were mainly driven by the incentives offered by the exchange.
During FY13, the value of contracts traded in the derivatives market of the NSE recorded a paltry growth of
0.6% whereas the derivatives market of the BSE jumped by 786.1%.
Index option derivatives dominate the share in turnover at the BSE and NSE
The product composition of the derivatives market has undergone a drastic change in the past decade.
Prior to FY07, futures in general and single stock futures, used to dominate the derivatives product in India
with an average of nearly 58% share in the total derivatives turnover. However, recently, the Indian markets
are dominated by index options with 77% share during FY13. Share of single stock futures have declined
over the years and now constitute merely 10.9% in FY13. Share of index futures constitutes around 6.8% of
the derivatives turnover in FY13 whereas single stock options saw an increase from 3% in FY12 to 5.2% in
FY13.
Net inflow from FIIs and mutual funds shows contrarian investment position in FY13
FII investments in the Indian market have maintained momentum with funds continuing to flow into the
domestic market. Net inflows from FIIs have shown an upward trend from FY10. However, an abrupt reversal
in trend was observed in 2012 owing to the widening of financial woes in the US and the UK markets and high
inflation leading to poor inflows in the country. During FY13, net investment made by FIIs in India stood at
` 1,683.7, a jump of more than 75% from FY12 when it was ` 937.3 bn. This was the highest net FII inflows
in any year since the FIIs were permitted to invest in the Indian market.
XXXVI
Trends in FII investments
Trends in mutual fund investments

Source: SEBI
Source: SEBI
The composition of net FII inflows shows that majority of the FIIs inflows were largely driven by equity inflows
(around 82% share of total inflows) which remained buoyant, signifying FIIs confidence in the performance
of the Indian economy. This has been a trend over the past three years except for FY12, which noticed a drop
in the net FII inflows into the equity markets. In FY13, the net FII inflows into the equity market increased
remarkably by 220.2% reaching ` 1,400.3 bn whereas net FII inflows into the debt market witness a fall of
around 43% during the same period.
Traditionally, mutual funds have been dominant investors in the debt market rather than the equity markets.
During FY13, the combined net investment by mutual funds in both debt and equity segments stood at
` 4,507.1 bn compared with ` 3,334.6 bn in FY12, accounting for 35.2% increase. Since FY10, there has been
offloading of investment by mutual funds from the equity markets. Equity markets have been net sellers to
the tune of ` 227.5 bn in FY13 whereas the debt segment rose to ` 4,734.6 bn in FY13 compared with a year
ago period.
The Way Ahead
The Indian capital market, though placed more favorably than its counterparts, is burdened with certain
challenges in terms of increased access, product complexities, identifying risk management issues and speed
of regulatory reform.
Some of the major initiatives taken by the GoI was the SME platform, which was dedicated for listing and
trading of SME securities thereby, providing a push to the SME sector. This platform was extended to small
and medium sized companies with high growth potential whose paid-up capital would be less than or equal
to ` 0.3 bn. It assists in providing SMEs with easier access to equity finance for expansion and lower cost
of compliance post listing. As of FY13, 24 companies have been listed on the SME platform raising around
` 2.4 bn.
Launch of the MCX Stock Exchange (MCX-SX) is the other initiative taken. This exchange was a step to provide
investors with wider choice of investment and risk management products that match with diverse risk profiles
and investment appetites. Initially, equities of 1,116 companies have been admitted for trading.
Thus, a way forward for the Indian capital markets means that they need to be tuned in to adjust to the
constantly evolving developments in the financial services sector with focus on product innovation, continued
integration of technology, financial literacy and awareness, regulatory reforms, flexible bond market and a
favorable environment for the FIIs.
XXXVII
XXXVIII
Mutual Funds
Mutual Funds
Introduction
Over the years, the Indian mutual fund industry has evolved from a single player market in 1963, with the
formation of Unit Trust of India (UTI), to a highly competitive market comprising domestic and foreign players,
supported by favorable regulatory reforms. The mutual fund industry in India has grown at a significant pace,
registering CAGR of more than 17% in terms of assets under management (AUM) between FY06 to FY13.
This growth is driven by several factors such as rising income levels, favorable demographics structure, low
penetration levels, favorable policies, increasing investor awareness and booming economy among others.
Mutual Fund industry clocks double-digit growth
The mutual fund industrys performance is largely dependent on the macroeconomic environment. When the
Indian economy was growing at an average of 9% during FY05 to FY08, the mutual fund industry registered
an average growth of 50% in terms of AUM during the same period. However, after witnessing several years
of persistent growth, the industry recorded a 17% fall in AUM during FY09, led by the impact of the global
financial crisis when Indian economic growth moderated to 6.7%. With the sings of economic recovery, the
AUM rebounded in FY10. However, the recurrence of fresh global economic and European sovereign debt
concerns impacted investor sentiments yet again, causing MF investors to book profits and exit from the
schemes during FY11 and FY12. This led to fall in AUM by 3.5% y-o-y in FY11 and a 0.8% y-o-y fall during
FY12. Improved market sentiments have however helped mutual funds AUM soar by 19.5% to ` 7,014 bn
in FY13.
Trend in AUM
Source: AMFI
Investor base erodes

Even as the industrys AUM increased, an erosion of investor base continued into FY13. Investor base went
down to 42.82 mn folios* as on Mar 13 from the previous years figure of 46.45 mn. This was primarily due
to equity funds which saw reduction in number of folios by 4.4 mn, while the debt segment saw an addition
of 0.89 mn folios. The reduction in the number of folios can be attributed also due to redemption coupled
with the scheme mergers and folio de-duplication exercise carried by Registrar and Transfer (R&T) agents.
Folios in mutual funds mainly comprise folios of retail investors. Equity Funds has higher retail participation
than the debt funds as the former has the ability to deliver higher returns that can beat the inflation. The
ongoing volatility in the equity market led to a fall in retail equity oriented folios in FY13. During the same
period, retail folios in debt oriented funds gained by over 6 lakhs folios. This can be attributed to investors
looking at relatively safer investment options. Declining interest rates also saw retail investors adding gilt
funds to their portfolio with retail folios in this category almost doubling in one year from 26,222 folios as
of Mar 12 to 51,763 folios as of Mar 13. A noteworthy positive for the mutual fund industry is that informed
high net worth individuals# (HNIs) are making a comeback to the industry. HNI folios under gilt category rose
XL
from 4,038 folios as of Mar 12 to 7,231 as of Mar 13. HNIs now hold 32% of the assets in such funds, up
from 10% in FY10. HNIs assets in debt mutual funds have also jumped from 20% in FY10 to 35.7% in FY13.
HNI holding in equity funds for the same period has stagnated at around 20%.
Bias towards debt continues
The distribution of AUM continues to be heavily skewed towards debt. After a strict interest rate regime
through 2010 and 2011, the RBI eased its monetary stance in Apr 12. It cut its benchmark lending rate - the
repo rate - by a total of 100 bps between Apr 12 and Mar 13.The price of a debt instrument and interest
rates (yields) move in opposite directions, i.e., price of the bond rises when interest rates fall and vice versa.
Accordingly, long term debt oriented funds benefit from a fall in interest rates and attract more AUM. In a
scenario of declining interest rates, long-term debt funds emerged as an appropriate tool of investment. During
FY13, investors adopted a cautious approach and turned their attention towards relatively safer investments
by directing their investments into the debt bucket that invests in securities such as corporate bonds, money
market instruments and G-secs. This has contributed to the growth of AUM in this category (including liquid
schemes) to ` 4,974. 51 mn as on Mar 13, representing an increase of 32.7% (y-o-y). Corporates had a share
of over 50% in the AUM of debt oriented funds.
Category-wise AUM
Source: AMFI
The equity-oriented schemes faced redemption pressures due to profit-booking by the investors during
positive market rallies. This is reflected in the fact that, while the BSE Sensex gained around 8% during the
FY13, the industry AUM of equity funds fell by about 5%. Net outflows from equity funds totalled ` 145.87
mn in FY13.
Corporates continued to dominate mutual fund AUM with a 46% share in March 2013 while HNIs with a 28%
share were the second biggest AUM contributors followed by retail investors with 23% share.
AUM by Investor Type (%)
Source: AMFI
XLI
Gold ETFs losing sheen

Traditionally, Indian investors have favoured investing in the physical form of gold. As the awareness about
the benefits of exchange-traded funds (ETFs) such as convenience, purity, and safety has been increasing, this
asset class is rapidly drawing investor attention. During FY13, AUM of gold ETFs reported a 17.8% growth
y-o-y to ` 116.5 bn. Even as retail investors continue to be primary drivers (552463 accounts) and registering
a 20% growth in FY13 in terms of AUM, there has been a rising interest among HNIs for these funds. From
2,649 HNI accounts in FY10, gold-ETFs reported a total of 11664 HNI accounts in FY13.
Over the past few quarters, however, Gold ETFs seems to have lost its sheen amongst investors owing to
global and domestic factors. Assets in Indian gold ETFs overall have fallen to their lowest level in two years,
to ` 87.84 bn at the end of Dec 13.
Low level of Customer Awareness
Majority of the Indian households invest over 50% of their savings in bank deposits, followed by insurance
(16%) and pension funds (14%). Rest (15%) is shared by various market-linked instruments like shares,
debentures, mutual funds and others. One of the major challenges in channelizing their household savings to
mutual funds is the lack of awareness about such financial products. A majority of investors in Tier 2 cities as
well as metros lack understanding of mutual fund products and can draw little distinction in their approach
to investing in mutual funds and direct stock market investments. As a result, they are generally unwilling to
undertake even minimal risk.
Mutual fund yet to spread its reach beyond Metros
The present geographical concentration of the total AMCs tell a revealing story.The AUM of top 15 cities
accounted for more than 85%. The penetration of top 5 metros namely Mumbai, Delhi, Bangalore, Kolkata,
and Chennai increased to 74% in Mar 13 as against 71% in Mar 12, whereas for cities beyong the top five,
penetration has decreased. Even within the top 5 metros, Mumbai alone accounted for nearly 42% share. This
is primarily due to limited distribution channels and limited investor awareness beyond these cities. This also
underlines the huge untapped market opportunity from the rural India, beyond these major cities.
AUM-Geographical Distribution (as of Dec 13)
Source: AMFI
The industry is focusing on improving the penetration ratio and increasing its presence in other cities. With an
aim to expand the reach of MFs to tap beyond the urban landscape of the 15 major cities, market regulator
SEBI and the Government has taken certain key steps for the benefit of the mutual fund industry:
SEBI has allowed MFs to charge up to 30 percentage points of additional TER (Total Expense Ratio) - a fee
charged to investors for MF investments under fund management and other heads - if the new inflows
from beyond top 15 cities are at least 30% of gross new inflows in the scheme or 15% of the average
assets under management (year to date), whichever is higher.
In a bid to enhance customer awareness towards mutual funds, SEBI has mandated Asset Management
Companies (AMCs) to set aside at least 2 basis points of their daily net assets annually for the investor
education campaign. AMCs should also make disclosures on educating investors and enhancing their
awareness.
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SEBI has advised AMCs to make complete disclosures in their half yearly report to SEBI regarding the
efforts to increase geographical penetration and the details of opening of new branches, especially those
beyond top 15 cities.
SEBI has asked MFs to provide a separate plan for direct investments i.e., investments not routed through
distributor, in existing as well as new schemes. Such separate plans shall have a lower expense ratio
excluding distribution expenses and commission, and no commission shall be paid from such plans.
A new cadre of distributors, such as postal agents, retired government and semi-government officials
(class III and above or equivalent) with a service of at least 10 years, retired teachers with a service of at
least 10 years, retired bank officers with a service of at least 10 years, and other similar persons (such as
Bank correspondents) as may be notified by AMFI/AMC from time to time, shall be allowed to sell units
of simple and performing mutual fund schemes.
SEBI has allowed cash transactions in mutual fund schemes to the extent of ` 20,000 to enhance the
reach to small investors.
The Government introduced Rajiv Gandhi Equity Savings Scheme (RGESS) for first time equity investor
with annual income less than or equal to ` 1 mn. They will be eligible for a 50% tax deduction under
Section 80 CCG (new section) on investments upto ` 50,000 in pre-defined stocks, close-ended mutual
fund schemes (listed) and ETFs besides public offerings from selected government companies.
Increasing role of public sector in distribution of MF products
Until now, banks played a limited role in the distribution of mutual fund products, however, gradually, they
are enhancing their focus on distribution of such products to boost their fee income and move up the value
chain. As banks, especially nationalised banks, have a large customer base, it offers a significant opportunity to
AMCs to tap their huge customers base beyond the top 15 major cities. Further, along with the banks, AMCs
are also leveraging the extensive reach of the Indian postal services. India post, with a very large customer
base and branches spread across urban and rural India, acts as a ready network for mutual fund distribution.
Currently however, it is not fully utilized, and it sells MF products through a little over 200 designated post
offices. The postal department has kept one AMFI qualified personnel at each of the designated post offices
to sell MF products. However, the staff needs to be well qualified and trained in order to sell MF products to
avoid mis-selling. Thus, as per SEBIs recent regulation, it is compulsory for MF sellers or advisors to clear the
National Institute of Securities Markets (NISM) fund advisors module certificate test. Along with this, they
are also required to register themselves with AMFI.
Retail investors shy away from direct investment plans
In Sep 12, SEBI came out with guidelines to offer direct investment plan (DIP) option to investors, effective Jan
2013. The purpose of the regulation is to offer an option to the informed investors to plan their investments
on their own. Following the guidelines, AMCs have launched DIPs. Under this plan, investors can invest directly
by either submitting the requisite documents personally at the AMCs office or through the AMCs online
platform or through various service centers.
The plan has met with reasonable success so far. While some well-informed investors like corporates and HNIs
have made the shift to direct plans, retail investors have adopted a wait-and-watch approach. Retail investors
too could start shifting to these plans as awareness about the benefits of these plans increases. For the majority
of retail investors, intensive education initiatives from all stakeholders as well as strong advisory support are
needed. For the new breed of investors (from tier II and tier III towns), distributors would need to lead till the
Indian mutual fund industry reaches a reasonable level of penetration and investor education.
Future Outlook
The low penetration level of domestic AMCs as well as limited share of mutual funds in the household financial
savings point towards the future potential of the Mutual fund industry in India. Further, given the rise in
income levels and household financial savings, an increasing number of households are expected to invest in
mutual fund products that yield higher returns with reasonable risk. The continuous process of urbanisation,
enhanced financial literacy and a huge young population with an increased risk appetite are also likely to be
instrumental in the long term growth of the retail segment of the Mutual fund industry.
The success of the industry however hinges on increasing financial literacy and showcasing the suitability
of mutual funds in an investors portfolio. Innovations in the areas of cost efficiency, product design and
positioning of products would be pivotal to attract more investors.
XLIII
XLIV
Insurance
Insurance
Insurance holds a significant place in the modern economy since risk, which can be insured, has increased
immensely in every walk of life. This has led to growth in the insurance business and development of various
types of insurance covers. The insurance industry acts as a mobiliser of savings, a financial intermediary and a
promoter of investment activities. The Indian insurance industry has grown significantly over the past decade,
which is evident in strong growth witnessed in insurance premium, increase number of players, product
modernization and enhanced regulatory framework. A combination of the above factors, along with strong
economic growth in the past few years, has situated India as a regional insurance hub and a developing
financial centre.
The insurance market comprises of 52 insurance companies operating in India, of which 24 are in the life
insurance business whereas 27 are in the general insurance business. In addition, General Insurance Company
(GIC) is the sole national reinsurer company.
Domestic Life Insurance Sector
The Indian Insurance market has expanded rapidly since liberalisation in 2000 and is now the tenth largest
market globally. Liberalization of the sector has enabled access to a host of new players with significant
growth aspirations and capital commitments. Intensifying competition amongst competing companies has
resulted in number of product innovation and operational innovation. The period also witnessed increased
coverage of lives, increased level of competitiveness in the industry (from 4 private players in FY01 to 24 in
FY13), and significant growth through multiple channels (agency, banc-assurance, direct selling, broking,
and corporate agents).
The life insurance segment grew at an impressive 25.3% CAGR between FY01 to FY11. However, during
the last couple of years, the life insurance industry went through a transition phase that has changed the
dynamics and approach of the insurance players. After a strong growth phase, the business environment has
been challenging for life insurance companies. This was on account of a combination of factors including
slowdown in GDP growth, inflation, high interest rates and uncertainty on other macro-economic and regulatory
parameter that impacted investor sentiments. As a consequence, the insurance players are struggling with
slow growth, rising costs, deteriorating distribution structure and other constraints. A number of regulatory
changes aimed primarily at encouraging need based selling of insurance products have resulted in industry
players re-configuring their product mix and distribution structure. The industry players are regulating their
cost structures to align their business model to the regulatory and macro-economic environment.
Industry Trend Analysis

Life Insurance Penetration and Density
The potential and performance of the insurance sector is collectively evaluated with insurance penetration
and insurance density. These parameters are used to determine the level of development of the insurance
sector in the country.
Post liberalization, insurance density increased on a consistent basis. The insurance density of life insurance
business has consistently gone up from US$ 9.1 in 2001 to reach the peak at US$ 55.7 in 2010. However, for
the first time in 2011, insurance density reported a fall to US$ 49. This fall was mainly due to a slowdown
witnessed in premium growth; especially post the ULIP policy regulations in Sept 2010. In 2012, level of
insurance density has fallen further to US$ 42.7. Similarly, life insurance penetration in India has steadily
improved from 2.15% in 2001 to 4.6% in 2009. Since then, it has exhibited a declining trend reaching 3.4%
in 2011 and further 3.17% in 2012.
Growth in Premium income
As per IRDDA data, the life insurance industry recorded a flat growth in premium income in FY13, as against a
decline of 1.57% in the previous year. While private players posted a 6.87% decline in their premium income,
LIC recorded a growth of 2.92%. The economic environment and developments have had a significant bearing
on the life insurance industry. With growth slowing down, sustained inflation continues to eat into disposable
incomes, net household savings and investable surplus. A key area of concern for the life insurance industry has
XLVI
been the fall in financial savings of households in the recent past. The RBI data suggests that financial savings
of the household sector declined to a two-decade low of 7.8% of GDP in FY12 from 9.3% in FY11 and 12.2%
in FY10. This has resulted in an absolute decline in small savings and slower growth in households holdings
of bank deposits, currency as well as life insurance funds. Households seem to now favour investments in
traditional assets such as gold. Consequently, FY13 witnessed de-growth in new business premiums: total
first year life insurance premium declined by 5.8% to ` 1,073.61 bn. This is the second consecutive year of
market contraction.
Life Insurance-Total Premium
Product Mix
The share of Unit Linked Insurance Plans (ULIPs) in the overall product mix is declining year after year. IRDA
during July 2010 (and with modification in September 2010) came up with Unit Linked Insurance Plan (ULIP)
guidelines. Among other things, the lock in period for ULIPs was raised from three to five years and commission
and expenses had also been reduced and evenly distributed during the lock-in period. Immediately following
these guidelines, during FY11 to FY13, the industry witnessed a shift in the product mix from linked products
to non-linked or commonly known traditional products. ULIP products also witnessed a decline of 29.89% in
premium income during FY13, while the growth in premium income of traditional products was at 9.64%.
Accordingly, the share of ULIPS in total premium declined considerably to 17% in FY13 as against 24.26% in
the previous year.
Channel Mix
Individual agents continued to play a major role in procuring new business in FY13, although the contribution
of new business premium procured by them have fallen to 77.53% in FY13 from 83.75% in FY08. Between
banks and other corporate agency channels, the share of banks in total new business has increased to 16.18%
in FY13 from 14.6% in the previous year. The Indian insurance industry has seen the emergence of large bankbacked insurers. Since bank branches have a physical presence, selling insurance products through the branch
workforce generates a higher degree of trust in the policyholder. In distribution channel mix, Bancassurance
channel is gaining more prominence due to its cost effectiveness, wide network availability and easy crossselling. In the past five years, bancassurance has been the force behind the success of private sector life
insurance. Private sectors bancassurance share increased at a faster rate from 18.89% in FY08 to 43.08% in
FY13 whereas LICs share increased from 1.3% in FY08 to 3.16% in FY13.
XLVII
Distribution channel of Non-life insurers

Source: IRDA, D&B Research
However, in order to augment insurance penetration, multi-distribution network would be more appropriate
in building range of opportunities for insurers to attract keeping customers preferred mix of products, pricing,
service and mode of channel. It is a method to get in touch with customers who could not be reached earlier,
and to obtain out more value from existing customers.
Focus on rural areas for inclusive growth
The large section of un-insured rural population poses tremendous growth opportunities. Several policy
initiatives have been undertaken to promote financial inclusion such as insurance companies being statutorily
required to conduct rural business and cover lives from social sector -rural, un-organized socially underprivileged
from first year of operation. The Union Budget FY14 also permits insurance companies to open branches in
Tier-II cities and below without prior approval of IRDA. The budget has also proposed for public insurance
companies to have offices in all towns of India with a population of 10,000 or more. Further, as of Mar-13,
72% of the total 10,253 branches of insurance companies have been set up in semi-urban and rural areas.
Insurers are keen to use the well diversified and huge reach of bank branches in rural and semiurban areas to
increase penetration. IRDA has new guidelines permitting insurers to utilize licensed Common Service Centres
(CSCs) as distribution networks in rural areas. Insurers utilize CSCs to expand reach - 0.1 million CSCs each
serving a cluster of 6-7 villages, covering 0.65 million villages across India.
The government is also encouraging business correspondents of banks to sell micro insurance policies in rural
areas. Micro insurance refers to insurance products designed for low-income people characterized by low
premium and margin for which insurers have been making efforts to increase awareness.
Non-Life Insurance Industry
Non-life insurance premium showed a notable 17.7% CAGR between FY08 and FY13. Intense competition
that followed the de-tariffication and pricing deregulation in 2007 decelerated the growth momentum.
Nonetheless, it resulted into better product customization and risk pricing. The lower premium resulted in an
upswing in demand of non-life insurance products.
The high co-relation between the growth rates in general insurance premiums and the GDP growth rates
implied a slowdown in growth in gross premium to 19% in FY13 as compared with 24% growth in the previous
year. The private sector players have maintained a higher growth rate compared to their PSU peers and have
seen a gradual increase in their market share. Public sector insurers reported 14.6% growth in FY13 over the
previous years growth rate of 21.5%. The private non-life insurers registered 25.25% growth, lower than the
28.07% attained in the previous year. Motor insurance segment constituted the highest share of 43% of gross
direct premium in FY13 followed by health insurance (22%) and fire and engineering insurance (13%).
XLVIII
Gross Direct Premium of Non-life Insurers*
Source- IRDA
*within & outside India
The penetration of general insurance as a percentage of GDP and per capita spend on general insurance
remains small in relation to other emerging markets as well as developed markets. The penetration of NonLife Insurance in India is very low as compared to many Asian peers due to lack of awareness, understanding
of Non-Life insurance products and low perceived benefits among others. The Non-Life insurance penetration
in India has remained constant in the range of 0.5 -0.7% in the last 10 years and increased only slightly to an
estimated 0.78% in 2012 from 0.70% in 2011. Similarly, per capita spend on non-life insurance in India was
only US$ 10.50 as of 2012, as against US$ 188.7 in Brazil and US$ 76 in China. The share of Indian non-life
insurance premium in global non-life insurance premium was small at 0.66% in 2012 and India ranks 19th in
the global non-life insurance market.
Health Insurance set to witness strong growth
The Health Insurance sector has been the fastest growing segment in the non-life insurance business over the
last 7 years. This segment has growth at a CAGR of 30.05% between FY07 and FY13, which is significantly
higher than the CAGR (17.5%) of the GDP during the same period. The total health insurance premium in FY13
reached ` 139.74 bn from ` 117.77 bn in FY12, registering 18.66% growth. The share of health insurance in
non-life premium has surged to 22.19% in FY13, up from 10.91% in FY06.
In recent times, the competition in the space of Health Insurance has become intense but it is not in terms of
price alone but innovative products and better services also. With the emergence of more standalone health
insurance companies and private sector general insurers focusing on health as a specialist line of business,
the health insurance segment is set to see significant growth over the coming years.
In terms of portfolio composition, health insurance consists of Retail Health, Group Health (where corporates
buy insurance policy for its employees) and Govt. schemes, (RSBY has become one of the largest insurance
scheme where people below poverty line are covered).The retail segment is expected to grow at a robust pace
driven by a rising demand for high-quality and speciality healthcare services in tier 2 and 3 cities, increasing
urbanisation and demographic shifts. The government sub-segment would continue to be driven by improving
penetration arising from increasing public awareness and government sponsored schemes such as the Rashtriya
Swasth Bima Yojana (RSBY).
Motor Insurance
General insurance companies incurred total claims of ` 175.89 bn in the motor segment in FY13, an increase
of 16.6% y-o-y as per data released by the Insurance Information Bureau of India (IIB). Of the total claims,
private cars accounted for ` 75.06 bn, while the share of goods carrying vehicles was ` 56.26 bn. The total
number of claims stood at a staggering 6.4 mn, while the total policies stood at 63.6 mn. The third party (TP)
claims stood at ` 91.77 bn whereas own damage claims were at ` 84.12 bn. While TP insurance is compulsory,
own damage motor insurance is not.
XLIX
From April 1, 2012, Irda had dismantled the TP pool for commercial vehicles and a declined risk pool was set
up. The move had assumed importance, as it freed the pricing model and had given insurers rights to price
vehicles based on claims.
However, inadequate price rises in the TP motor segment and unlimited compensation for TP claims have led
to extraordinarily high claims ratio in the segment, thereby impacting the overall profitability and solvency
requirements for non-life insurers. With steady rise in death claims year-on year - companies have been paying
claims that were significantly higher than the premium earned. To compensate for the losses in this segment,
general insurance companies are seeking for at least a 40-50% increase in third-party motor insurance premium
rates to compensate for the losses in this segment. In the medium to long term, revival in auto sales and
increased penetration in the renewal business are likely to drive growth in this segment.
Incurred Claims Ratio- Non-life Insurers
Source: IRDA
Regulatory Initiatives
During the year, a number of new regulations and guidelines affecting multiple facets of the insurance
industry were issued by the regulator, IRDA. The IRDA is tightening and standardizing the rules of the business
to protect the policy holders interest and to establish life insurance as a long term contract. These include
regulations on amalgamation and transfer of life insurers; standardising application forms across insurers;
amendments to Broker regulations, enhancing regulatory reporting and revised guidelines on architecture
of traditional products.
Key guidelines & regulations
The most notable regulatory development is the finalisation of the much debated product regulations.
The CEO and Appointed Actuary need to certify compliance with the new regulations or refile group and
individual products with the IRDA as necessary by June 30, 2013 and September 30, 2013 respectively.
All existing group and individual products not in conformity with the provisions of the new regulation
will need to be withdrawn from July 1, 2013 and October 1, 2013 respectively.
The IRDA has issued guidelines allowing life insurance agents to sell health insurance products of standalone
health insurers. Earlier, life insurance agents wanting to sell these products needed to clear two different
certification programmes, but now only the life insurance certification programme will suffice.
The IRDA has released regulations on scheme of amalgamation and transfer of life insurance business.
The regulations specify the disclosure and valuation requirements to obtain approval of the regulator for
any life insurance mergers or acquisitions
With the objective of ensuring transparency in the sales process and policyholder protection, the IRDA
has made the adoption of a standard proposal form mandatory for every life insurer. Companies will
need to collect a separate form for each individual life insured.
IRDA (Investment) (Fifth Amendment) Regulations, 2013- This regulation governs the method and types of
investment that insurance companies are permitted to make. The minimum limits for investing in central
government securities and central, state and other approved securities combined have been raised to 25%
and 50% respectively. The limit for housing and infrastructure investments has been set at a minimum
of 15%, allowing investment in housing and infrastructure bonds. The IRDA has increased the limit for
insurance companies to hold up to 15% equity stake in any company from the previous 10% limit.
The IRDA has mandated life insurance companies to reinsure a percentage of sum assured on each policy
with domestic reinsurers. This percentage will be notified by the regulator and will not exceed 30% of
the sum assured. The IRDA has also asked insurers to have maximum retention within the country and
enter into reinsurance arrangements with only those foreign companies having a minimum credit rating
of BBB (with S&P) over the past five years. The IRDA has increased the limit for insurance companies to
hold up to 15% equity stake in any company from the previous 10% limit.
IRDA has authorized five repositories to open e-Insurance Accounts. The insurance repository system,
which was launched on Sep 16, 2013 enables policyholders to hold insurance policies in the electronic
format thereby protecting policyholders against loss of details in case of mutilation or loss of physical
document and enabling customers to take an informed decision.
In order to control frauds, companies would now be required to put a risk-based management system in
place for continued monitoring of risks across all lines of business and also initiate measures to address
them.
Outlook
While the insurance industry is likely to volatility in the short to medium term, the long-term prospects are
bright given the basic needs of the economy and population. The favourable Indian demography of India
holds the key for the future expansion of the sector. Higher demand for retirement products such as pension/
annuity coming from rapidly aging population, improving insurance product propositions and relative under
penetration of insurance in India compared to global benchmarks, growing awareness/education level along
with sustained growth in urbanization rate are expected to be the primary drivers of the sector during the
forthcoming years. The future looks optimistic for insurance industry with several changes in regulatory
framework and economic policy which will necessitate a change in the way industry conducts its business
and engages with its customers.
LI
LII
Primary Insights
Primary Insights
New Delivery Channels: A Key to Growth of BFSI Sector
Technology adoption and mobile phone penetration to drive the financial delivery systems
Distribution of financial services is primarily concerned with how the service or the product is delivered to the
consumer, ensuring that it is available in a place, at a time and in a format that is appropriate and convenient
for the customer. The types of financial services and products provided to customers and the ways in which
they are provided vary considerably across countries due to different institutional and regulatory structures.
Despite this variability, there are several aspects of marketing of financial services and products across the
world which point to a series of common drivers of change and development. Few of these important trends in
relation to distribution are the development of bancassurance model and the growth in multi-channeling.
Factors that will drive enhancement in Delivery Systems (% of respondents)
Factors that will enhance financial delivery systems
Share in most significant factor

Source: D&B Research
Our survey of factors that will drive enhancement in financial delivery systems identified technology adoption
as the key factor that will drive innovation in financial delivery systems. Over 35% of the respondents identified
technology adoption as the most significant factor. Adoption of appropriate technology can serve as the key
enabler for the BFSI sector growth by driving their initiative to tap the untapped markets e.g. adoption of ICT
enabled Business Correspondent (BC) model; enhancing new delivery channels such as e-commerce, micro
ATMs, use of predictive analytics tools as well as to become more competitive.
Mobile phone penetration emerged as second important factor that will enhance the financial delivery
system. Over 24% of the respondents identified mobile phone penetration as the most significant factor. The
IFCs country report on Mobile Money Scoping in India indicates that there are around 919 million mobile
subscribers in India, accounting for approximately 76% of mobile penetration in India. However the banking
penetration in India stands at 310 million, direct or indirect, banking customers; indicating the scope of
possible developments in mobile financial services market.
Enabling regulatory environment, low cost of infrastructure deployed and marketing campaigns emerged as
other significant factors that will drive the financial delivery systems.
LIV
Internet and mobile systems emerge as popular channels for driving the enhancement in the delivery
systems
Channels that will drive enhancement in Delivery Systems (% of respondents)
Internet and mobile systems emerged as the key channels that will drive enhancement in the financial delivery
systems. Over 84% of the respondents cited internet as the most significant channel that will enhance the
delivery systems. Usage of the internet in the financial service industry would have a significant impact on the
sector. Primarily it would facilitate transparency in product pricing and characteristics; secondly it would be
enable product segmentation to suit the distinct group of customers and lastly it will reduce the distribution
costs.
Over 62% of the respondents cited mobile systems as the second most significant channel that will drive
innovation in the delivery channels. e.g. As per the RBI data the number of transactions through mobile devices
and services has increased from 1.08 mn in April, 2011 to 7.16 mn in November, 2013. With advances made
by internet technology and mobile systems and role played by social media in marketing, BFSI companies
have started focusing on social media for reaching out to their customers. Over 53% of the respondents cited
social media as the third most significant factor that will drive delivery systems. E-commerce, which is a part
of internet technology; and business correspondents were cited as other significant factors.
Factors that will support BFSI companies in adoption of new Delivery Channels (% of respondents)

LV
Factors that would play a key role for supporting BFSI companies in adoption of new delivery channels:
Low technology cost (26.1% of the respondents)
Availability of in-house experience (23.3% of the respondents)
Information/Data security solutions (22.8% of the respondents)
Integration of various delivery channels (14.4% of the respondents)
Availability of customized solutions (13.3% of the respondents)
Usage of mobile technology in financial service to drive financial inclusion initiative
Despite the immense progress made by banks, insurance and other financial services companies, still a large
number of households in India lack access to formal financial services. Though the Indian government have
taken various measures to enhance the reach of financial services, Indias rapidly growing population has
made it challenging to ensure that the financial services are accessible to all those who need them.
Delivery Channels that would boost the financial inclusion initiative
Our survey to identify the key delivery channels that would boost the financial inclusion initiative identified
that almost 79% and over 73% of the respondents felt mobile wallets and mobile systems will provide a boost
to the financial initiatives. As per the RBI data the number of transactions through mobile devices and services
has increased from 1.08 mn in April, 2011 to 7.16 mn in November, 2013. Despite this progress, usage of
mobile for accessing financial services is yet to gain popularity in rural and semi-urban area, which indicates
the scope for development of mobile technology to enhance the financial inclusion.
Business correspondents, Regional Rural Banks and branchless banking were identified as the other key
channels that would boost financial inclusion initiative.
Conclusion
The technology innovations, new delivery channels and changing macro-economic conditions are likely to
shape the future of the financial services industry. The growth and transformation in the financial industry,
in the future, would be decided by the steps taken to identify and adopt effective technologies, enhance
market reach and their response to the changing economic factors. Adoption of technology and new delivery
channels to enhance market reach, drive operational efficiencies and reduce cost would become priority of
BFSI companies.
LVI
LVII
LVIII
Alphabetical Listings
L1

Sr No
Company Name
Segment
A. K. Capital Services Limited
NBFCs / FIs / Financial Services
AB Bank Limited
Banks
Abu Dhabi Commercial Bank
Banks
Aditya Birla Finance Limited
Aditya Birla Money Limited
Broking
Ad-Manum Finance Limited
AEGON Religare Life Insurance Company Limited
Life Insurance
Agriculture Insurance Company of India Limited
General Insurance
Alankit Assignments Limited
Broking
10
Allahabad Bank
Banks
11
Almondz Global Securities Limited
Broking
12
American Express Banking Corp.
Banks
13
Anand Rathi Share and Stock Brokers Limited
Broking
14
Andhra Bank
Banks
15
Andhra Pradesh State Financial Corporation
16
Antwerp Diamond Bank
Banks
17
Apollo Munich Health Insurance Company Limited
General Insurance
18
Arihant Capital Markets Limited
Broking
19
Australia and New Zealand Banking Group Limited
Banks
20
Aviva Life Insurance Company India Limited
Life Insurance
21
Axis Asset Management Company Limited
AMCs
22
Axis Bank Limited
Banks
23
Bajaj Allianz General Insurance Company Limited
General Insurance
24
Bajaj Allianz Life Insurance Company Limited
Life Insurance
25
Bajaj Finance Limited
26
Bajaj Finserv Limited
27
Bajaj Holdings & Investment Limited
28
Balmer Lawrie Investments Limited
L2
Sr No
Company Name
Segment
29
Bank of America, N.A.
Banks
30
Bank of Bahrain and Kuwait
Banks
31
Bank of Baroda
Banks
32
Bank of Ceylon, The
Banks
33
Bank of India
Banks
34
Bank of Maharashtra
Banks
35
Bank of Nova Scotia, The
Banks
36
Bank of Tokyo-Mitsubishi UFJ, Limited, The
Banks
37
Barclays Bank PLC
Banks
38
Bengal & Assam Company Limited
39
BF Investment Limited
40
Bharti AXA General Insurance Company Limited
General Insurance
41
Bharti AXA Life Insurance Company Limited
Life Insurance
42
Birla Sun Life Asset Management Company Ltd
AMCs
43
Birla Sun Life Insurance Company Limited
Life Insurance
44
BLB Limited
Broking
45
BNP Paribas
Banks
46
BNP Paribas Asset Management India Private Limited
AMCs
47
Bonanza Portfolio Limited
Broking
48
BSE Limited
49
Canara Bank
Banks
50
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited
Life Insurance
51
Canara Robeco Asset Management Company Limited
AMCs
52
Canfin Homes Limited
53
Capital First Limited
54
Capri Global Capital Limited
55
Catholic Syrian Bank Limited, The
Banks
56
Central Bank of India
Banks
57
Central Depository Services (India) Limited
58
Centrum Capital Limited
59
Cholamandalam Investment and Finance Company Limited
60
Cholamandalam MS General Insurance Company Limited
General Insurance
61
Citibank N.A.
Banks
62
City Union Bank Limited
Banks

Sr No
L3
Company Name
Segment
63
Clearing Corporation of India Limited, The
64
Consolidated Securities Limited
65
Corporation Bank
Banks
66
Credit Agricole Corporate & Investment Bank
Banks
67
Credit Suisse AG
Banks
68
CTBC Bank Company Limited
Banks
69
DBS Bank Limited
Banks
70
Dena Bank
Banks
71
Deutsche Asset Management (India) Private Limited
AMCs
72
Deutsche Bank
Banks
73
Development Credit Bank Limited
Banks
74
Dewan Housing Finance Corporation Limited
75
Dhanlaxmi Bank
Banks
76
DHFL Pramerica Life Insurance Company Limited
Life Insurance
77
DSP BlackRock Investment Managers Private Limited
AMCs
78
Edelweiss Broking Limited
Broking
79
Edelweiss Financial Services Limited
80
Edelweiss Securities Limited
Broking
81
Edelweiss Tokio Life Insurance Company Limited
Life Insurance
82
Emkay Global Financial Services Limited
Broking
83
Export Credit Guarantee Corporation of India Limited
General Insurance
84
Export-Import Bank of India
85
Fairwealth Securities Limited
Broking
86
Family Credit Limited
87
Fedbank Financial Services Limited
88
Federal Bank Limited, The
Banks
89
Finaventure Capital Limited
90
First Leasing Company of India Limited
91
FirstRand Bank Limited
Banks
92
Franklin Templeton Asset Management (India) Private Limited
AMCs
93
Future Generali India Insurance Company Limited
General Insurance
94
Future Generali India Life Insurance Company Limited
Life Insurance
95
General Insurance Corporation of India
General Insurance
96
Geojit BNP Paribas Financial Services Limited
Broking
L4
Sr No
Company Name
Segment
97
GIC Housing Finance Limited
98
Goldman Sachs Asset Management (India) Private Limited
AMCs
99
GRUH Finance Limited
100
HDB Financial Services Limited
101
HDFC Asset Management Company Limited
AMCs
102
HDFC Bank Limited
Banks
103
HDFC ERGO General Insurance Company Limited
General Insurance
104
HDFC Securities Limited
Broking
105
HDFC Standard Life Insurance Company Limited
Life Insurance
106
Hongkong and Shanghai Banking Corporation Limited, The
Banks
107
Housing & Urban Development Corporation Limited
108
Housing Development Finance Corporation Limited
109
HSBC Asset Management (India) Private Limited
AMCs
110
ICICI Bank Limited
Banks
111
ICICI Home Finance Company Limited
112
ICICI Lombard General Insurance Company Limited
General Insurance
113
ICICI Prudential Asset Management Company Limited
AMCs
114
ICICI Prudential Life Insurance Company Limited
Life Insurance
115
ICICI Securities Limited
Broking
116
ICICI Securities Primary Dealership Limited
Broking
117
IDBI Bank Limited
Banks
118
IDBI Capital Market Services Limited
Broking
119
IDBI Federal Life InsuranceCompany Limited
Life Insurance
120
IDFC Asset Management Company Limited
AMCs
121
IDFC Capital Limited
122
IDFC Limited
123
IDFC Securities Limited
Broking
124
IFCI Limited
125
IFFCO Tokio General Insurance Company Limited
General Insurance
126
IKF Finance Limited
127
IL&FS Financial Service Limited
128
IL&FS Investment Managers Limited
129
India Infoline Finance Limited
130
India Infoline Limited
Broking

Sr No
L5
Company Name
Segment
131
India Infrastructure Finance Company Limited
132
Indiabulls Housing Finance Limited
133
Indiabulls Securities Limited
Broking
134
IndiaFirstLife Insurance Company Limited
Life Insurance
135
Indian Bank
Banks
136
Indian Overseas Bank
Banks
137
Indian Railway Finance Corporation Limited
138
Indian Renewable Energy Development Agency Limited
139
IndusInd Bank Limited
Banks
140
Industrial and Commercial Bank of China
Banks
141
ING Investment Management (India) Private Limited
AMCs
142
ING Vysya Bank Limited
Banks
143
ING Vysya Life Insurance Company Limited
Life Insurance
144
INOX Leasing and Finance Limited
145
Intec Capital Limited
146
Jammu & Kashmir Bank Limited
Banks
147
JM Financial Asset Management Limited
AMCs
148
JM Financial Limited
149
JPMorgan Asset Management India Private Limited
AMCs
150
JPMorgan Chase Bank, N.A.
Banks
151
Karnataka Bank Limited, The
Banks
152
Karnataka State Financial Corporation
153
Karur Vysya Bank Limited,The
Banks
154
Karvy Stock Broking Limited
Broking
155
Kirloskar Brothers Investments Limited
156
Kotak Mahindra Asset Management Company Limited
AMCs
157
Kotak Mahindra Bank Limited
Banks
158
Kotak Mahindra Capital Company Limited
159
Kotak Mahindra Investments Limited
160
Kotak Mahindra Old Mutual Life Insurance Limited
Life Insurance
161
Kotak Mahindra Prime Limited
162
Kotak Securities Limited
Broking
163
L&T Finance Holdings Limited
164
L&T Finance Limited
L6
Sr No
Company Name
Segment
165
L&T General Insurance Company Limited
General Insurance
166
L&T Housing Finance Limited
167
L&T Infrastructure Finance Company Limited
168
L&T Investment Management Limited
AMCs
169
Lakshmi Vilas Bank Limited, The
Banks
170
LIC Housing Finance Limited
171
LIC Nomura Mutual Fund Asset Management Company Limited
AMCs
172
Life Insurance Corporation of India
Life Insurance
173
LKP Securities Limited
Broking
174
Magma Fincorp Limited
175
Magma HDI General Insurance Company Limited
General Insurance
176
Mahindra & Mahindra Financial Services Limited
177
Manappuram Finance Limited
178
Manipal Housing Finance Syndicate Limited
179
Marwadi Shares And Finance Private Limited
Broking
180
Mashreq Bank
Banks
181
Max Bupa Health Insurance Company Limited
General Insurance
182
Max Life insurance Company Limited
Life Insurance
183
Mirae Asset Global Investments (India) Private Limited
AMCs
184
Mizuho Corporate Bank, Limited
Banks
185
Morgan Stanley Investment Management Private Limited
AMCs
186
Motilal Oswal Asset Management Company Limited
AMCs
187
Motilal Oswal Financial Services Limited
188
Motilal Oswal Securities Limited
Broking
189
Muthoot Capital Services Limited
190
Muthoot Finance Limited
191
Nainital Bank Limited, The
Banks
192
National Bank For Agriculture & Rural Development
193
National Housing Bank
194
National Insurance Company Limited
General Insurance
195
National Securities Depository Limited
196
National Small Industries Corporation Limited, The
197
National Stock Exchange of India Limited
198
New India Assurance Company Limited, The
General Insurance

Sr No
L7
Company Name
Segment
199
Nirmal Bang Securities Private Limited
Broking
200
North Eastern Development Finance Corporation Limited
201
Oriental Bank of Commerce
Banks
202
Oriental Insurance Company Limited, The
General Insurance
203
Oscar Investments Limited
204
Parag Shilpa Investments Limited
205
Pilani Investment and Industries Corporation Limited
206
Pioneer Investcorp Limited
207
PNB Gilts Limited
208
PNB Housing Finance Limited
209
PNB MetLife India Insurance Company Limited
Life Insurance
210
Power Finance Corporation Limited
211
Principal Pnb Asset Management Company Private Limited
AMCs
212
PTC India Financial Services Limited
213
Punjab & Sind Bank
Banks
214
Punjab National Bank
Banks
215
Rabobank International
Banks
216
Raheja QBE General Insurance Company Limited
General Insurance
217
Ratnabali Capital Markets Limited
Broking
218
Ratnakar Bank Limited, The
Banks
219
Reliance Capital Asset Management Limited
AMCs
220
Reliance Capital Limited
221
Reliance General Insurance Company Limited
General Insurance
222
Reliance Life Insurance Company Limited
Life Insurance
223
Reliance Securities Limited
Broking
224
Religare Commodities Limited
Broking
225
Religare Enterprises Limited
226
Religare Finvest Limited
227
Religare Health Insurance Company Limited
General Insurance
228
Religare Invesco Asset Management Company Private Limited
AMCs
229
Religare Securities Limited
Broking
230
Repco Home Finance Limited
231
Royal Bank of Scotland N.V., The
Banks
232
Royal Sundaram Alliance Insurance Company Limited
General Insurance
L8
Sr No
Company Name
Segment
233
Rural Electrification Corporation Limited
234
Russell Credit Limited
235
S. E. Investments Limited
236
Sahara India Life Insurance Company Limited
Life Insurance
237
Sakthi Finance Limited
238
Satin Creditcare Network Limited
239
SBI Dfhi Limited
240
SBI Funds Management Private Limited
AMCs
241
SBI General Insurance Company Limited
General Insurance
242
SBI Life Insurance Company Limited
Life Insurance
243
SHCIL Services Limited
Broking
244
Shinhan Bank
Banks
245
Shriram City Union Finance Limited
246
Shriram Equipment Finance Company Limited
247
Shriram General Insurance Company Limited
General Insurance
248
Shriram Life Insurance Company Limited
Life Insurance
249
Shriram Transport Finance Company Limited
250
SICOM Limited
251
SIL Investments Limited
252
Small Industries Development Bank of India
253
SMC Global Securities Limited
Broking
254
Societe Generale
Banks
255
South Indian Bank Limited, The
Banks
256
Srei Infrastructure Finance Limited
257
Standard Chartered Bank
Banks
258
Standard Chartered Securities (India) Limited
Broking
259
Star Health and Allied Insurance Company Limited
General Insurance
260
Star Union Dai-ichi Life Insurance Company Limited
Life Insurance
261
State Bank of Bikaner & Jaipur
Banks
262
State Bank of Hyderabad
Banks
263
State Bank of India
Banks
264
State Bank of Mauritius Limited
Banks
265
State Bank of Mysore
Banks
266
State Bank of Patiala
Banks

Sr No
L9
Company Name
Segment
267
State Bank of Travancore
Banks
268
STCI Finance Limited
269
Stock Holding Corporation of India Limited
270
Sundaram Asset Management Company Limited
AMCs
271
Sundaram Finance Limited
272
Syndicate Bank
Banks
273
Tamilnad Mercantile Bank Limited
Banks
274
Tamilnadu Industrial Investment Corporation Limited
275
Tata AIA Life Insurance Company Limited
Life Insurance
276
Tata AIG General Insurance Company Limited
General Insurance
277
Tata Asset Management Limited
AMCs
278
Tata Capital Financial Services Limited
279
Tata Capital Limited
280
Tata Investment Corporation Limited
281
Tata Motors Finance Limited
282
Tourism Finance Corporation of India limited
283
UCO Bank
Banks
284
Ujjivan Financial Services Private Limited
285
Union Bank of India
Banks
286
United Bank of India
Banks
287
United India Insurance Company Limited
General Insurance
288
Universal Sompo General Insurance Company Limited
General Insurance
289
Urban Infrastructure Venture Capital Limited
290
UTI Asset Management Company Limited
AMCs
291
Vijaya Bank
Banks
292
VLS Finance Limited
293
Wall Street Finance Limited
294
Weizmann Forex Limited
295
Yes Bank Limited
Banks
L10
Total Income Listings
Profiles
Banks
Alphabetical Listing

Sr No
Banks
Sector
AB Bank Limited
Foreign
Foreign
Allahabad Bank
Public
Foreign
Andhra Bank
Public
Antwerp Diamond Bank N.V.
Foreign
Foreign
Axis Bank Limited
Private
Foreign
10
Foreign
11
Bank of Baroda
Public
12
Bank of Ceylon, The
Foreign
13
Bank of India
Public
14
Bank of Maharashtra
Public
15
Foreign
16
Foreign
17
Barclays Bank PLC
Foreign
18
BNP Paribas
Foreign
19
Canara Bank
Public
20
Private
21
Public
22
Citibank N.A.
Foreign
23
Private
24
Corporation Bank
Public
Sr No
Banks
Sector
25
Foreign
26
Credit Suisse AG
Foreign
27
Foreign
28
DBS Bank Limited
Foreign
29
Dena Bank
Public
30
Deutsche Bank AG
Foreign
31
Private
32
Dhanlaxmi Bank
Private
33
Private
34
Foreign
35
HDFC Bank Limited
Private
36
Foreign
37
ICICI Bank Limited
Private
38
IDBI Bank Limited
Public
39
Indian Bank
Public
40
Public
41
Private
42
Industrial and Commercial Bank of China Limited
Foreign
43
Private
44
Jammu & Kashmir Bank Limited, The
Private
45
Foreign
46
Private
47
Private
48
Private
49
Private
50
Mashreq Bank
Foreign
51
Mizuho Bank Limited
Foreign
Sr No
Banks
Sector
52
Private
53
Public
54
Punjab & Sind Bank
Public
55
Public
56
Foreign
57
Private
58
Foreign
59
Shinhan Bank
Foreign
60
Societe Generale
Foreign
61
Private
62
Foreign
63
Public
64
Public
65
State Bank of India
Public
66
Foreign
67
Public
68
Public
69
Public
70
Syndicate Bank
Public
71
Private
72
UCO Bank
Public
73
Union Bank of India
Public
74
Public
75
Vijaya Bank
Public
76
YES Bank Limited
Private
Total Income Listing

Sr No
Banks
Total Income (` mn)
State Bank of India
1,356,919
ICICI Bank Limited
484,213
461,093
HDFC Bank Limited
419,175
Bank of Baroda
388,273
Canara Bank
372,309
Bank of India
356,750
Axis Bank Limited
337,337
IDBI Bank Limited
282,838
10
Union Bank of India
276,767
11
235,280
12
226,496
13
193,595
14
Allahabad Bank
189,126
15
Syndicate Bank
182,950
16
UCO Bank
177,039
17
Corporation Bank
169,420
18
Indian Bank
151,806
19
Andhra Bank
139,571
20
134,234
21
118,907
22
Citibank N.A.
109,134
23
Bank of Maharashtra
105,254
24
103,231
10
Sr No
Banks
Total Income (` mn)
25
103,181
26
Vijaya Bank
96,589
27
Dena Bank
95,549
28
YES Bank Limited
95,514
29
92,879
30
92,032
31
87,574
32
83,462
33
82,245
34
Punjab & Sind Bank
77,573
35
68,320
36
66,205
37
65,611
38
55,885
39
47,692
40
46,950
41
41,619
42
Deutsche Bank
36,395
43
27,191
44
DBS Bank Limited
26,879
45
24,624
46
24,374
47
21,072
48
19,576
49
18,087
50
Barclays Bank PLC
17,640
51
Dhanlaxmi Bank
14,223
Sr No
Banks
Total Income (` mn)
52
14,154
53
BNP Paribas
11,466
54
10,407
55
10,331
56
10,058
57
9,950
58
6,462
59
5,234
60
Mizuho Bank Limited
5,207
61
4,230
62
3,309
63
Credit Suisse AG
3,074
64
Societe Generale
2,538
65
Shinhan Bank
2,244
66
1,662
67
1,242
68
1,059
69
1,051
70
929
71
814
72
614
73
435
74
Mashreq Bank
304
75
Bank of Ceylon, The
292
76
AB Bank Limited
252
11
Total Business Listing

Sr No
Banks
Total Business (` mn)
State Bank of India
22,483,562
Bank of Baroda
8,020,691
7,002,853
Bank of India
6,712,071
Canara Bank
5,980,326
ICICI Bank Limited
5,828,630
HDFC Bank Limited
5,359,676
Union Bank of India
4,718,638
Axis Bank Limited
4,495,796
10
IDBI Bank Limited
4,234,229
11
3,979,741
12
3,624,994
13
Syndicate Bank
3,329,249
14
Allahabad Bank
3,082,313
15
3,048,526
16
UCO Bank
3,017,139
17
Corporation Bank
2,847,221
18
Indian Bank
2,476,227
19
Andhra Bank
2,221,689
20
2,031,808
21
Bank of Maharashtra
1,698,077
22
1,695,602
23
Vijaya Bank
1,667,830
24
Dena Bank
1,629,884
13
14
Sr No
Banks
25
1,624,719
26
1,521,073
27
1,296,512
28
1,239,560
29
Punjab & Sind Bank
1,220,723
30
Citibank N.A.
1,185,949
31
YES Bank Limited
1,139,552
32
1,034,210
33
1,019,016
34
1,017,116
35
994,978
36
984,373
37
925,747
38
760,778
39
731,060
40
681,331
41
612,639
42
Deutsche Bank
431,684
43
364,798
44
355,509
45
DBS Bank Limited
293,457
46
273,218
47
252,833
48
211,931
49
Dhanlaxmi Bank
189,792
50
157,132
51
150,010
Sr No
Banks
52
149,499
53
147,167
54
138,217
55
Barclays Bank PLC
135,355
56
BNP Paribas
133,170
57
109,859
58
Mizuho Bank Limited
72,622
59
58,788
60
48,860
61
Societe Generale
31,395
62
30,005
63
Shinhan Bank
26,465
64
23,850
65
14,159
66
13,884
67
12,241
68
Credit Suisse AG
8,737
69
8,398
70
6,733
71
5,143
72
4,692
73
3,307
74
Bank of Ceylon, The
2,193
75
AB Bank Limited
1,839
76
Mashreq Bank
1,741
15
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) is one of the first
private sector bank to be incorporated
in Bangladesh in 1981 and started its
operation in April 1982. The bank primarily
operates in retail banking, SME banking,
corporate banking, project finance and
Islamic banking among others. Under the
retail banking, it offers deposit products
such as Max Saver, Double Deposit Scheme
(DDS), Monthly Saving Deposit Scheme
(MSDS), Monthly Income Deposit (MIDS)
and Millionaire Scheme Account (MSA).
The retail loan products offered by the
bank include personal loans, auto loans,
education loans and home loans among
others. Under corporate banking segment,

some of the products and services offered
include project finance, working capital
finance, trade finance and corporate
advisory services. Under the SME banking, it
offers deposit and loan products for various
SME industries including agriculture,
poultry, dairy, leather, plastic and hospitals
among others. ABBL has a separate project
finance unit and offers large loans & project
finance to various sectors including agrobusiness, cement, real estate, export, steel,
telecom and trading among others. Some
of the services offered by ABBL include
fund transfer, internet banking and SMS
banking etc.
D&B D-U-N-S 67-625-5530

Performance for FY13
252
Total Income (` mn)
80
Net Profit (` mn)

1,839
Total Assets (` mn)
1,983
Net Interest Margin (%)
3.56
Business Per Employee

(` mn)
26.1
19.10
CRAR Basel II (%)

C-D Ratio (%)
1.74
Net NPA/Net Advances (%)
8.98

75, Rehmat Manzil, Veer Nariman Road, Mumbai - 400020, Maharashtra
Website: www.adcbindia.com
Business Profile
Abu Dhabi Commercial Bank (ADCB)
started its India operations in 1980 under
the name of Emirates Commercial Bank.
In 1985 ADCB was formed after a merger
of three commercial banks operating
in the UAE namely Federal Commercial
Bank, Khaleej Commercial Bank and
Emirates Commercial Bank and started
operating under its new name of Abu
Dhabi Commercial Bank. The bank offers
personal banking services, NRI services,
corporate banking services and parabanking services. Under personal banking,
it offers savings account, current account,
fixed deposit, recurring deposit and other
banking services. The financial services

provided by ADCB includes loan against
FDR, credit against shares, IPO funding and
loan against other securities. It also offers
local remittance facilities by RTGS and NEFT.
For NRIs, it provides NRI savings account,
NRO savings account, RFC deposit and
international remittance facilities. The bank
offers corporate current accounts, project
funding and working capital finance to the
corporates. Under commercial banking,
it offers SME banking, cash management
services and loan against securities. The
bank also offers trade finance and treasury
products like forex services and forward
exchange contracts.
D&B D-U-N-S 65-028-0100

1,242
Total Income (` mn)
182
Net Profit (` mn)

12,241
Total Assets (` mn)
16,378
3.37

(` mn)
271.8
CRAR Basel II (%)
66.82
4.54
C-D Ratio (%)
Allahabad Bank
2, Netaji Subhas Road, Kolkata 700001, WB
Website: www.allahabadbank.in
Business Profile
Allahabad Bank (Alhd Bank) was
incorporated in 1865. In 1920, it became a
part of P&O Banking Corporations group
and subsequently merged with United
Industrial Bank in 1989. In 2002, the bank
came out with IPO and was listed on BSE
and NSE. In 2007, the bank opened its first
overseas branch at Hong Kong. Alhd Bank
offers various products and schemes in
personal banking, social banking, MSME
banking, retail credit, corporate banking
and international banking. The bank
offers different types of deposit schemes
targeting different types of customers. It
provides credit products to farmers like
16
Akshay Krishi scheme. Under the corporate

banking, Alhd Bank provides c o r p o r a t e
credit, cash management services and Gold
Card scheme for exporters. The bank offers
various loan schemes like Gyan Dipika
scheme, Saral loan, house loan, trade loan,
etc. The bank provides remittance facility,
forex services, banking and loan facilities
to the NRIs. The bank has 447 ATMs spread
across India and has issued more than 1.9
mn ATM-cum debit cards.
D&B D-U-N-S 65-007-7050

Total Income (` mn)
Net Profit (` mn)
189,126
11,852
3,082,313
Total Assets (` mn)
2,043,732
2.51

(` mn)
137.3
CRAR Basel II (%)
11.03
C-D Ratio (%)
4.37
3.19
American Express Banking Corporation

Cyber City, Tower - C, DLF Bldg. No. 8, Sector - 25, DLF City, Ph-II, Gurgaon 122002, Haryana
Website: www.americanexpress.com
Business Profile
American Express Banking Corporation
(American Express) operates in India under
two major segments namely treasury
operations and banking operations. Under
personal cards operations, American
Express offers The American Express
Platinum Card, The American Express
Platinum Reserve Credit Card, The Jet
Airways American Express Platinum Credit
Card, The American Express Platinum
Travel Credit Card, The American Express
Gold Card and The American Express
PAYBACK Credit Card. The bank also offers
travellers cheques, prepaid travel card and
other travel related services for travellers.
For corporates, the bank provides The

American Express Platinum Corporate Card,
The American Express Corporate Card, The
American Express Corporate Meeting Card
and other purchasing solutions. The bank
also offers business travel account and
corporate membership reward scheme.
The bank offers Streamline payments to
the merchants and has also launched
fraud prevention tool called American
Express SafeKey to protect merchant and
card members from fraudulent online
transactions.
D&B D-U-N-S 67-615-9269

Total Income (` mn)
6,462
Net Profit (` mn)
(727)
23,850
Total Assets (` mn)
25,402
(1.23)

(` mn)
33.0
18.17
CRAR Basel II (%)

C-D Ratio (%)
7.27
1.87
Andhra Bank
Dr. Pattabhai Bhavan, 5-9-11, Saifabad, Hyderabad 500004, AP
Website: www.andhrabank.in
Business Profile
Andhra Bank was incorporated in1923
as The Andhra Bank Limited. The bank
was nationalized in 1980 and acquired
its present name. The banks business
segments includes treasury, wholesale
and retail banking operations. Under
retail banking, the bank provides various
deposit schemes like super salary account,
recurring deposit scheme, monthly income
deposit scheme, etc. Other schemes
include insurance linked accounts like
AB Abhaya SB account, AB Arogyadaan
scheme, AB Bancassurance Life, etc.
Andhra bank offers various loan schemes
depending on the purpose. Some of these
schemes include Doctor Plus, home loan,

vehicle loan, reverse mortgage loan, AB Dr.
Pattabhi Vidya Jyothi (Educational Loans),
etc. Under corporate banking, the bank
provides working capital finance, export
import finance, term finance, equipment
finance, etc. Andhra Bank offers deposit,
remittance, loan and investment facilities
to NRIs and also provides finance to the
MSMEs. In agriculture banking, Andhra
Bank provides agricultural term and short
term credit. The bank also offers women
empowerment schemes like Mahila
Sowbhagya and Mahila Jyothi.
D&B D-U-N-S 65-033-2562

Total Income (` mn)
139,571
12,891
Net Profit (` mn)

2,221,689
Total Assets (` mn)
1,462,989
2.77

(` mn)
135.5
CRAR Basel II (%)
11.76
C-D Ratio (%)
4.86
2.45

510, 5th Floor, Trade Centre, BKC, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.antwerpdiamondbank.com
Business Profile
Antwerp Diamond Bank N.V. (ADB)
was established as Comptoir Diamantaire
Anversois S.A. by the Societe Belge de
Banque and acquired its bank status in 1937.
ADB became a wholly-owned subsidiary of
KBC bank in 1999. Antwerp Diamond Bank
started its Indias operations in June 2002
with its maiden branch in Indias diamond
centre in Mumbai. ADB offers banking
services and commercial credits, execution
of domestic and international payments
and collections, advisory services, etc. The
bank mainly caters to the Indian diamond
trade and industry. ADB lends its banking
services and grants commercial credits
to diamond importers and exporters,

diamond wholesalers, diamond cutting
and
polishing
factories,
jewellery
manufacturers and traders. The bank
offers its customers with EEFC account and
Diamond Dollar account in INR and USD.
The bank offers credit products like preshipment credit advance, post-shipment
loans, current account overdrafts, export
bills discounting and financing against bills
in course of collection. The non-fund based
products of the bank include forex forward
contracts, bank guarantees and letter of
credit facility for issuing LCs.
D&B D-U-N-S 91-854-2908

Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
814
143
8,398
10,162
3.31

(` mn)
287.2
CRAR Basel II (%)
32.72
C-D Ratio (%)
20.87
17

Cnergy, 6th Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra
Website: www.anz.com
Business Profile
Australia and New Zealand Banking
Group Ltd (ANZ) was incorporated in 1835
as Bank of Australasia in Sydney. Following
the acquisition of banking license from RBI
in October 2010, the bank commenced
its operations in India by opening its first
branch in Mumbai in June 2011. ANZs
operations in India primarily support
corporate and institutional clients. ANZ
offers various corporate banking products
and services including trade & supply chain
solutions, cash management services,
financing services and financial markets
solutions. Under the trade & supply chain
solutions, the company offers Letter of
Credit (LC), import collections and shipping

guarantees to the importers. The export
trade finance solutions offered by the bank
include LC advising, export collections and
post-shipment finance among others. The
financing services offered by ANZ include
loan products, asset finance, commodity
& trade finance, project finance and
structured export finance. The bank offers
a wide range of loan products including
Vanilla short-term debt, working capital
loan, term loan, acquisition financing and
syndicate debt.
D&B D-U-N-S 65-063-2651

3,309
Total Income (` mn)
43
Net Profit (` mn)

48,860
Total Assets (` mn)
49,084
2.95

(` mn)
617.8
CRAR Basel II (%)
26.39
6.57
C-D Ratio (%)
Axis Bank Limited

Axis House, C2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400025, Maharashtra
Website: www.axisbank.com
Business Profile
Axis Bank Ltd (Axis Bank) was promoted
in 1993, jointly by Unit Trust of India, Life
Insurance Corporation of India, General
Insurance Corporation of India, National
Insurance Company Ltd, The New India
Assurance Company Ltd, The Oriental
Insurance Company Ltd and United India
Insurance Company Ltd. Axis bank offers
personal banking, business banking, NRI
banking and agri &rural banking. Under
personal banking, the bank offers different
types of accounts, deposit schemes, loan
schemes, safe deposit locker, forex services,
premium banking, etc. The bank offers
NRE, NRO, FCNR and RFC deposit schemes
under the NRI banking. It also offers cash

credit, working capital loan, export finance,
supply chain finance, etc. to corporates and
credit facilities to SMEs under the business
banking segment. Under the agriculture
financing, Axis Bank provides loans for
cattle, machineries, godown, etc. and
has also taken up microfinance and rural
banking initiatives. During FY13, the bank
launched a multi-currency card specifically
aimed at corporates and business travellers.
During the same period, the bank launched
two new products called Micro Power for
providing finance to micro enterprises and
Service Power for providing finance to
micro or small enterprise.
D&B D-U-N-S 65-019-3188

Total Income (` mn)
337,337
51,794
Net Profit (` mn)

4,495,796
Total Assets (` mn)
3,405,607
3.09

(` mn)
121.5
CRAR Basel II (%)
17.00
C-D Ratio (%)
5.86
0.36
Bank of America N.A.

Express Towers, 1st , 18th & 19th Floor, Nariman Point, Mumbai 400021, Maharashtra
Website: www. corp.bankofamerica.com
Business Profile
Bank of America N.A. (BoA) was
incorporated in the US and commenced
its operational activity in India in 1964.
The bank is headquartered in Mumbai
and operates through branches across
major cities of India namely Bengaluru,
New Delhi, Chennai, Kolkata and Mumbai.
BoA offers various financial products
and solutions to top Indian corporates,
multinationals, multilateral agencies &
foreign government entities and financial
institutions. The bank operates primarily
in two segments including treasury and
corporate banking. The services offered
by BoA include working capital finance,
18
treasury management, trade finance &

solutions, capital raising, risk management,
forex and fixed income solutions. Under
treasury, the bank offers derivative trading,
money market operations, investments in
bonds, treasury bills, government securities
and foreign exchange operations. Under
corporate banking the bank primarily
provides funded and non-funded advances
to corporates, cash management activities
and other fee-based activities.
D&B D-U-N-S 65-036-9341

Total Income (` mn)
Net Profit (` mn)
18,087
4,693
150,010
Total Assets (` mn)
184,371
4.40

(` mn)
380.7
CRAR Basel II (%)
18.40
C-D Ratio (%)

5.75
-

Jolly Maker Chambers , 225 Nariman Point, Mumbai 400021, Maharashtra
Website: www.bbkindia.com
Business Profile
Bank of Bahrain and Kuwait (BBK) was
incorporated in Bahrain in March 1971
and provides a wide range of personalized
banking facilities. BBKs first overseas
branch was established in Kuwait in 1978.
The bank started in India operations
in 1986 with branches in Mumbai and
Hyderabad In 2013, BBK opened its third
Indian branch in Aluva. The bank primarily
operates in personal banking, NRI banking,
investments solutions and other banking
services. Under the personal banking,
BBK offers current account, savings bank
account, term deposits, basic banking
(no frills account) and recurring deposits.
The bank provides NRIs with NRE savings

bank account, FCNR deposit account,
NRE term deposits, NRO account and RFC
account. Other services offered to the
NRIs include outward remittance facility
and investment schemes. The bank offers
investment solutions to its customers like
mutual funds, equity, life insurance and
general insurance. The bank also provides
its customers with RTGS & NEFT facilities,
ATM services and safe deposit lockers.
D&B D-U-N-S 91-533-2118

1,051
Total Income (` mn)
175
Net Profit (` mn)

13,884
Total Assets (` mn)
11,677
4.46

(` mn)
146.0
CRAR Basel II (%)
34.70
C-D Ratio (%)
7.87
3.16
Bank of Baroda
Baroda House, Mandvi, Vadodara 390006, Gujarat
Website: www.bankofbaroda.co.in
Business Profile
Bank of Baroda (BoB) was incorporated
in 1908 as The Bank of Baroda Ltd. In 1910,
the bank opened its first branch in the
city of Ahmedabad and in 1953, opened
its first international branch at Mombasa,
Kenya. In 1969, the bank was nationalized
by GOI. BoB operates in treasury,
wholesale banking and retail banking.
Under treasury, the bank handles treasury
activities in financial markets and financial
instruments. Under wholesale banking the
bank offers full range of loan products
and services to its large and mid-corporate
clients. Under retail banking segment,
the bank provides various deposits and
loan schemes. To accelerate credit to midcorporate borrowers, the bank opened 16

mid-corporate branches across the country.
To offer attractive returns to the depositors
and improve the ALM (asset-liability)
profiles, BoB introduced term deposit
product called Baroda Double Dhamaka by
offering attractive interest rate. To boost
the MSME business, the bank opened
five new SME Loan Factories during FY13,
bringing the total to 52 across India. As on
Mar 31, 2013, the bank operated through
2,630 ATMs.
D&B D-U-N-S 91-862-8298

Total Income (` mn)
388,273
44,807
Net Profit (` mn)

8,020,691
Total Assets (` mn)
5,471,354
2.28

(` mn)
168.9
CRAR Basel II (%)
13.30
C-D Ratio (%)
2.84
1.28
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 and was
incorporated in August 1939. 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
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. The
bank provides personal loans to the retail

customer with or without security. The
bank offers NRE savings bank account,
NRE term deposit, NRO savings account,
NRO fixed deposit, FCNR account and
RTGS & NEFT remittance facilities to the
NRI customers. The bank also offers safe
deposit lockers to the customers. The bank
operates through 301 local branches and 3
overseas branches located in London, Male
and Chennai.
D&B D-U-N-S 65-075-8209

Total Income (` mn)
Net Profit (` mn)
292
136
2,193
Total Assets (` mn)
3,093
6.35

(` mn)
73.1
CRAR Basel II (%)

C-D Ratio (%)
71.45
3.27
-
19
Bank of India
Star House, C-5, G Block Bandra-Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.bankofindia.com
Business Profile
Bank of India was founded on 7th
September, 1906 in Mumbai. The bank
was nationalised in 1969 along with 13
other banks. The bank came out with
the public issue in 1997, followed by
qualified institutions placement in 2008.
BOI business segments include treasury
operations, wholesale banking and retail
banking. Under corporate banking, BOI
offers cash management services, project
finance & syndication services, loans and
trade finance. Under the retail banking, BOI
offers various deposits and loan schemes.
The bank offers various card schemes to
the farmers under rural banking which
includes Kisan Credi Card, Kisan Shatabdi

Krishi Vikas Card, Kisan Samadhan Card
and Star Bhumiheen Kisan Card. The bank
provides various loans to SME borrowers
according to their requirements and also
provides housing loan and deposit scheme
to the NRIs. With 292 new branches, the
bank has domestic branches network of
4292 branches. As on March 31, 2013, BOI
has 2133 ATMs all across India. The bank
also introduced Banking Through Mobile
(BTM) facility by giving its customers an
alternate mode of funds transfer through
mobile phone at any time and from
anywhere.
D&B D-U-N-S 65-005-6880

Total Income (` mn)
356,750
27,493
Net Profit (` mn)

6,712,071
Total Assets (` mn)
4,526,027
2.16

(` mn)
158.2
CRAR Basel II (%)
11.02
C-D Ratio (%)
5.75
2.06
Bank of Maharashtra
Lokmangal, 1501, Shivajinagar, Pune 411005, Maharashtra
Website: www.bankofmaharashtra.in
Business Profile
Bank of Maharashtra (BoM) was
incorporated in 1935 and started its
business in 1936. BoM was nationalized
in 1969. In 2004, the bank came out
with public issue and subsequently was
listed on BSE & NSE. The banks business
segments include treasury, wholesale and
retail banking operations. The bank offers
savings account schemes like Mahabank
Yuva Yojana for minors and Mahabank Lok
Bachat Yojana for low income group. BoM
also offer various term deposit schemes
like Maha Lakhpati scheme, Cumulative
Deposit scheme (CDR), Mahasaraswati
scheme, etc. The bank offers full range of
loan schemes including educational loan,

gold loan schemes, personal loans, vehicle
loans, among other. The bank also offers
different types of financing schemes to the
SMEs and corporates. These include loan
schemes for corporates, entrepreneurs,
exporters and professionals. The bank
offers three group insurance schemes
namely Maha Suraksha Deposit Scheme (a
life insurance cover), Maha Grih Suraksha
(a mortgage redemption insurance) and
Maha Swasthya Yojana Scheme (Family
Floater Mediclaim Policy). Under agriculture
financing, the bank offers financing for
animal husbandry, farm mechnisation,
irrigation, vehicles, etc.
D&B D-U-N-S 65-028-0423

Total Income (` mn)
105,254
7,595
Net Profit (` mn)

1,698,077
Total Assets (` mn)
1,169,528
2.92

(` mn)
125.6
CRAR Basel II (%)
12.59
C-D Ratio (%)
5.58
0.52
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 (Scotiabank)
commenced operations at Halifax, Nova
Scotia in 1832. Presently, the bank along
with its affiliates provides personal,
commercial, corporate and investment
banking in more than 55 countries around
the globe. In India, Scotiabank mainly
operates in personal banking, business
banking and global transaction banking.
The banks personal banking business
provides deposits in the form of savings
accounts and other currency accounts.
The bank also offers foreign exchange
services and safety deposit boxes to the
retail customers. Under business banking,
20
the bank provides local currency loans

and other currency loans. Accounts and
deposits offered under this segment include
current accounts, term deposits and other
currency deposits. The bank offer precious
metals loans and provides with metals
trading under the corporate banking. The
banks trade finance business provides
letters of credit, letters of guarantee and
collections. The cash management services
offered by the bank include balance
reporting, wire/swift transfers and forex
services. Scotiabank operates through five
Indian branches spread across Mumbai,
New Delhi, Coimbatore, Bengaluru and
Hyderabad.
D&B D-U-N-S 65-075-8217

Total Income (` mn)
Net Profit (` mn)
10,407
2,866
138,217
Total Assets (` mn)
139,078
2.76

(` mn)
576.5
CRAR Basel II (%)
11.95
C-D Ratio (%)
5.79
0.45
The Bank of Tokyo-Mitsubishi UFJ, Limited

15th Floor, Hoechst House, 193 Vinay K. Shah Marg, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.bk.mufg.jp
Business Profile
The Bank of Tokyo-Mitsubishi UFJ, Ltd
(BTMU) was established in 1919 in Japan.
The bank operates through a network of
branches in Japan and overseas spanning
across Europe, US, Asia & Oceania and the
ME & Africa. The banks branch network
consisted of 767 Japanese branches and 74
overseas branches in FY12. BTMU globally
operates in the segments of corporate &
investment banking, transaction banking,
strategic investment and yen custody.
The bank also provides payment solutions
to financial institutions. BTMU began
operations in India by setting up its first
branch in Mumbai in 1953 as predecessor
company the Bank of Tokyo. In India, the

bank operates through its four branches
in Mumbai, New Delhi, Neemrana and
Chennai. The Neemrana branch in
Rajasthan was opened in Nov 2012. In
India, the bank offers corporate banking
loans, deposit accounts, remittances,
trade finance and bank guarantees. The
bank also offer personal loans, current
account, savings account, export letters
of credit, import letters of credit, shipping
guarantees, forex services and global cash
management services.
D&B D-U-N-S 65-007-2783

Total Income (` mn)
9,950
Net Profit (` mn)
2,681
109,859
Total Assets (` mn)
131,675
4.33

(` mn)
334.9
CRAR Basel II (%)
44.53
C-D Ratio (%)
11.60
-
Barclays Bank PLC

801-808, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400018, Maharashtra
Website: www.barclays.in
Business Profile
Barclays Bank PLC (Barclays) is the
principle subsidiary of financial services
group Barclays PLC. In 1989, Barclays
opened its first branch in India. In 2006,
it launched commercial banking services
in India followed by retail banking services
in 2007. In India, the bank primarily
operates in investment banking, corporate
banking and retails banking segments.
Under retail banking, the bank provides
current account, savings account, term
deposit account and debit card. The bank
offers various loan schemes including
business loan, home loan, dropdown
loan and loan against the property. Under
NRI banking, the bank offers NRE, NRO

and FCNR accounts & deposits. Under
corporate banking, the bank provide term
loans, working capital finance, distributor
finance, bill discounting, cash management
services and risk management solutions to
hedge the risks arising due to changes in
interest rates, exchange rates, inflation or
commodity prices. In corporate deposit
schemes, the bank provides current
accounts and term deposits to the
corporate. Under investment banking, the
bank provides corporate finance, strategic
advisory for M&A, equity, debt and loan
capital market products and services and
risk management solutions.
D&B D-U-N-S 65-064-1186

17,640
Total Income (` mn)
(564)
Net Profit (` mn)

135,355
Total Assets (` mn)
245,819
2.23

(` mn)
275.5
CRAR Basel II (%)
19.09
C-D Ratio (%)
6.07
1.74
BNP Paribas
BNP Paribas House, 1 North Avenue, Maker Maxity, BKC, Mumbai - 400051, Maharashtra
Website: www.bnpparibas.co.in
Business Profile
BNP Paribas (BNP) is one of the
European leading banking and financial
service provider with presence across 80
countries worldwide. The banks Indian
operations were started in 1860 when it
set up its first branch in Kolkata. Currently
the bank has branches is eight key Indian
cities of Mumbai, Delhi, Kolkata, Chennai,
Hyderabad, Bangalore, Ahmedabad and
Pune. In India, the bank operates under
core business segments which include
corporate and investment banking,
investment solutions and retail banking.
Under corporate and investment banking,
BNP offers expertise and range of products
in advisory, fixed income, global equity

& commodity derivatives, financing and
transaction banking. The banks wealth
management business offers wealth
planning solutions, investment solutions
and financing solutions. Sundaram BNP
Paribas Home Finance, a joint venture
between BNP Paribas Personal Finance and
Sundaram Finance Limited offers different
types of home and property loans including
home loans, home extension loans, home
improvement loans, loans to buy land and
loan against property.
D&B D-U-N-S 65-060-0328

Total Income (` mn)
Net Profit (` mn)
11,466
1,874
133,170
Total Assets (` mn)
136,789
3.65

(` mn)
390.5
CRAR Basel II (%)
13.82
C-D Ratio (%)

6.01
-
21
Canara Bank
112, J C Road, Bengaluru 560002, Karnataka
Website: www.canarabank.in
Business Profile
Canara Bank was incorporated in 1906
as Canara Bank Hindu Permanent Fund Ltd
and was nationalized in 1969. In 1984, the
bank merged with Lakshmi Commercial
Bank Ltd. The bank provides personal
banking, corporate banking, NRI banking,
Priority and SME banking services. Under
personal banking, it offers number of
deposit and loan schemes. Some of the
savings and deposit schemes include tax
saver scheme, Ashraya deposit scheme
(for senior citizens), Kamadhenu deposit
(Re-investment plan), among others.
Under corporate banking, it offers cash
management services, loans, syndication
services, IPO monitoring activity, merchant

banking, etc. The bank offers NRE account,
NRO account, housing loan and rental
loans to the NRIs. In remittance facilities,
it provides a web based remittance facility,
Western Union remittance schemes,
Flashremit and LockBox Service. Under
the priority sector, it offers banking and
finance schemes to the agriculture, rural
sector and MSME sector. The bank operates
in six overseas locations with branches in
London, Leicester, Hong Kong, Shanghai,
Manama, Sharjah. The bank also has
entered into joint venture with State Bank
of India to form Commercial Bank of India
in Moscow, Russia.
D&B D-U-N-S 86-025-2906

Total Income (` mn)
372,309
28,721
Net Profit (` mn)

5,980,326
Total Assets (` mn)
4,123,426
2.00

(` mn)
142.0
CRAR Basel II (%)
12.40
C-D Ratio (%)
4.33
2.18
The Catholic Syrian Bank Limited

CSB Bhavan, P.B.No. 502, St. Marys College Road, Thrissur - 680020, Kerala
Website: www.csb.co.in
Business Profile
The Catholic Syrian Bank Ltd (CSB) was
incorporated in 1920 at Thrissur, Kerala
and commenced operations in 1921. CSB is
engaged in providing banking and financial
services. It offers insurance products,
deposit schemes, loans, RTGS & NEFT
services, etc. Under the deposit schemes
the bank offers fixed deposit, family
welfare deposit scheme, Acharya deposits
(for senior citizens), student support
savings scheme, etc. It also offers loan
products such as gold loan, educational
loan, home loan, car loan, trade finance,
agriculture loan, etc. Besides, CSB offers
NRE, NRO, FCNR and RFC accounts to NRI
clients. Other services under NRI banking

include loans, investment services, forex
services. During FY13, the bank launched
new housing loan product called CSB
Niwas. Other products launched by the
bank included SMS banking facility, CSB
Express Remit, CSB Smart (a current
account) and Aadhaar enabled payments.
During the same period, the bank opened
18 new branches and 30 ATMs across the
country taking the total to 406 branches
and 219 ATMs. As on Mar 31, 2013 the
banks branch network covered 17 states
and two union territories.
D&B D-U-N-S 91-535-4414

14,154
Total Income (` mn)
327
Net Profit (` mn)

211,931
Total Assets (` mn)
136,201
2.64

(` mn)
73.6
12.29
CRAR Basel II (%)

C-D Ratio (%)
5.10
1.12

16th Floor, Chandermukhi, Nariman Point, Mumbai 400021, Maharashtra
Website: www.centralbankofindia.co.in
Business Profile
Central Bank of India was incorporated
in 1911 as The Central Bank of India Ltd.
The bank was nationalised in 1969 and
acquired it present name. In 2007, the
bank came out with IPO and was listed on
BSE and NSE. CBI mainly operates in three
segments including treasury operations,
wholesale banking and retail banking.
CBIs treasury operations include dealing
in securities, money market and forex
operations. Under retail banking, the bank
offers full range of banking and financial
services like deposit schemes and loan
schemes catering to different types of
customers. CBI provides various deposit
22
schemes for NRIs like NRE account, NRO

account, FCNR account, RFC account,
etc. In FY13; the bank introduced the
scheme for purchase of estates growing
traditional plantation crops. In FY13, the
bank introduced Cent Combo, which is
a combination of home loan and vehicle
loan at attractive rates. During FY13, the
bank opened 283 new branches across
India. As on 31st March 2013, the bank
has a network of 4294 branches and 2529
ATMs across the country.
D&B D-U-N-S 86-221-3654

Total Income (` mn)
Net Profit (` mn)
235,280
10,150
3,979,741
Total Assets (` mn)
2,681,295
2.30

(` mn)
97.3
CRAR Basel II (%)
11.49
C-D Ratio (%)
6.00
2.90
Citibank N.A.
1st International Financial Centre, 9th Floor, C-54 & 55, G-Block, BKC, Bandra (East), Mumbai 400051, Maharashtra
Website: www.citibank.co.in
Business Profile
Citibank
N.A.
(Citibank)
was
incorporated in 1812 in New York. In 1865,
it joined the US national banking system
and was renamed as The National City
Bank of New York. Later in 1902, Citibank
forayed into the Asian markets and started
offering banking services in India. In 1968,
The First National City Corporation (later
renamed as Citicorp) became the parent
of the bank and subsequently in 1976; the
bank acquired its present name. Citibank
primarily operates in the segments of
personal banking, corporate banking, SME
banking and NRI banking services in India.
Under the personal banking, the bank
offers premium banking, savings account

for expatriates, wealth planning solutions,
salary account and other banking services.
It offers home loan, loan against property,
loan against securities, loan against fixed
deposits, personal loan and ready credit.
Some of the products and services offered
by the bank under NRI banking include
NRI accounts, remittance facilities, forex
services and home loan schemes. The
banks commercial banking division offers
trade finance solutions, working capital
finance, cash management solutions,
treasury & risk management solutions
and investment management & advisory
services.
D&B D-U-N-S 87-180-1237

Total Income (` mn)
109,134
27,183
Net Profit (` mn)

1,185,949
Total Assets (` mn)
1,283,810
4.03

(` mn)
212.4
CRAR Basel II (%)
15.90
C-D Ratio (%)
7.19
1.47

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. In 1957, City Union took over
Common Wealth Bank Ltd and its five
branches. In 1965, The City Forward
Bank Ltd and The Union Bank Ltd were
amalgamated with the bank. CUB offers
full range of banking and financial services
under the personal banking. The bank
provides savings account, current account,
fixed deposit, recurring deposit, tax saver
deposit scheme, insurance, loans and other
banking services. It also offers various loans
such as Cub Yoha Vahana (Car loan), Cub
Vidyavani (Educational loan), Cub Swyam
Graha (Home loan), Cub Sona (Gold loan),

etc. During FY13, CUB opened 75 new
branches and 288 ATMS taking the total
to 375 branches and 788 ATMs across
India. The bank introduced Any Counter
Any Transaction in 161 branches to meet
the needs of the customers single point
interaction. CUB also introduced kiosks in
five branches to help customers with funds
transfer within CUB branches, RTGS/NEFT
payments, obtain mini statements, make
requests for cheque book, etc.
D&B D-U-N-S 91-521-3511

24,624
Total Income (` mn)
3,220
Net Profit (` mn)

355,509
Total Assets (` mn)
229,771
3.02

(` mn)
93.8
13.98
CRAR Basel II (%)

C-D Ratio (%)
5.01
0.63
Corporation Bank
Mangaladevi Temple Road, Pandeshwar, Mangalore 575001, Karnataka
Website: www.corpbank.com
Business Profile
Corporation Bank was established
in 1906 and adopted its present name
after its nationalisation in 1980. The bank
mainly offers services in personal banking,
corporate banking, NRI banking and
Priority and MSME banking. Under personal
banking, it provides saving accounts,
deposits, loans, forex services, remittance
services, among others. It offers full range
of loan schemes and some specialised loan
schemes like Corp Tutor Fee (For entrance
exams tutorials), Corp Shubha Vivah (For
wedding expenses), Corp Ghar Shobha
(Furnishing/Renovation of house), etc. The
bank provides current account schemes,
cash management services, financing and

forex services in corporate banking. Besides
banking and remittance services, it provides
housing loans and loans against property
to the NRIs. Under priority sector banking,
it provides various financing services to the
agricultural and MSME sector such as Corp
Kisan Vehicle Loan Yojana (CKVLY), Corp
Kisan Loan Scheme, Scheme For Financing
Cold Storage Units among others. As on
FY13, it had 1707 branches, 1425 ATMs
and 3545 branchless banking units. The
bank also has its international presence
with representative offices at Hong Kong
and Dubai.
D&B D-U-N-S 65-019-2792

Total Income (` mn)
Net Profit (` mn)
169,420
14,347
2,847,221
Total Assets (` mn)
1,934,423
1.92

(` mn)
192.1
CRAR Basel II (%)
12.33
C-D Ratio (%)
5.33
1.19
23

Hoecht House, 11th Floor, Nariman Point, Mumbai 400021, Maharashtra
Website: www.ca-cib.com/global-presence/india.htm
Business Profile
Credit Agricole Corporate & Investment
Bank (Credit Agricole), a part of the
France-based Credit Agricole Group has
its presence in India since 1981. The bank
is primarily involved in the investment
banking and treasury operations in India.
The bank operates through branches
spread across Bengaluru, Chennai, Delhi,
Mumbai and Pune and from these branches
the bank also deals with the large markets
in Ahmedabad, Kolkata, Hyderabad and
Baroda. The core businesses of Credit
Agricole include fixed income markets,
export and trade finance, project finance
and acquisition finance. The bank also
provides to its customers various products

and services such as cash management
and working capital facilities. The bank
also offers investment banking services
and debt capital market services. The fixed
income markets business comprises of
foreign exchange, debt & credit markets,
commodities, and interest rate derivatives.
D&B D-U-N-S 65-048-8856

Total Income (` mn)
5,234
Net Profit (` mn)
1,546
30,005
Total Assets (` mn)
60,331
3.04

(` mn)
325.6
CRAR Basel II (%)
17.27
C-D Ratio (%)
13.14
Credit Suisse AG
Dr. Annie Besant Road, Mumbai 400018, Maharashtra
Website: www.credit-suisse.com/in
Business Profile
Credit Suisse AG (Credit Suisse)
was incorporated in 1856 in Zurich,
Switzerland. In 2010, the bank received
approval from RBI for setting up a
branch in Mumbai, India. Credit Suisse
commenced banking operations in Feb
2011. Credit Suisse is present across 12
Asia Pacific markets with an employee base
of around 7,600. Credit Suisse operates
mainly in corporate banking, retail
banking, treasury, investment banking and
asset management among others. Under
corporate and retail, it offers banking
facilities to corporates, business entities
and individual. The treasury operations deal
into trading and money market operations,

investment banking, derivatives and
foreign exchange operations . Investment
banking services of the bank provides
structured finance, corporate finance and
equities capital markets. Credit Suisse also
offers wealth management services like
equities, fixed income, derivatives and
structured products amongst others. The
bank through its subsidiary, Credit Suisse
Finance (India) Pvt Ltd provides loans and
advances to its clients including individuals
and corporate clients.
D&B D-U-N-S 65-054-3007

Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
3,074
904
8,737
34,144
4.11

(` mn)
257.0
CRAR Basel II (%)
60.07
C-D Ratio (%)
11.35

A1/16, Mezzanine Floor, Wenger House, Rajiv Chowk, Connaught Place, 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
(CSIC). In 1971, the bank changed its
name to Chinatrust Investment Co Ltd
and later became Chinatrust Commercial
Bank in 1992, before acquiring its current
name. CTBC entered Indian market and
set up its first office in 1996 in New Delhi.
CTBC primarily offers corporate banking,
deposits and forex & trade finance. Under
the corporate banking, the bank offers
various fund based products and services
including working capital finance, short
term finance, bill discounting, export
24
credit, structured finance and term lending.

The non-fund based services offered by
the bank consist of letters of credit, bank
guarantees and collection of documents.
Other value added services offered by CTBC
includes loan syndication services, channel
financing, vendor financing, RTGS & NEFT
facility and corporate salary accounts.
The bank also offers forex services like
remittance facility, foreign currency cheque
deposits, and foreign currency demand
draft facility among others.
D&B D-U-N-S 91-672-8062

Total Income (` mn)
435
Net Profit (` mn)
(131)
4,692
Total Assets (` mn)
4,330
6.49

(` mn)
117.8
CRAR Basel II (%)
35.12
C-D Ratio (%)
9.24
9.71
DBS Bank
3rd Floor, Fort House, 221, Dr. D.N. Road, Fort, Mumbai - 400001, Maharashtra
Website: www.dbs.com/in
Business Profile
DBS Bank Ltd (DBS) commenced
operations in India in 1994 with a
representative office in Mumbai that was
upgraded to a full-fledged branch in 1995.
In 2005, DBS opened another branch in
Delhi. DBS classifies its operations into
main businesses of wholesale banking,
retail banking, treasury and funding
management unit (FMU). Under its
wholesale banking business, DBS provides
a wide range of corporate & investment
banking services and SME banking services.
Under wholesale banking, DBS offers
corporate advances, custody operations,
payment and settlement operations and
factoring advances. Under retail banking,

DBS raises deposits from customers and
provides fee based wealth management
distribution services. Retail banking division
comprises of operations with individuals
through various delivery channels such as
branch network, internet banking, ATMs
etc. Under the treasury segment, the
bank undertakes trading in bonds and
other investments, derivatives trading
and foreign exchange operations on the
proprietary account. The banks network
is spread across several cities in India
including Bengaluru, Kolkata, Mumbai,
New Delhi, Pune and Surat among other
cities.
D&B D-U-N-S 91-860-4492

26,879
Total Income (` mn)
2,885
Net Profit (` mn)

293,457
Total Assets (` mn)
407,081
2.65

(` mn)
356.6
CRAR Basel II (%)
12.99
C-D Ratio (%)
6.28
2.37
Dena Bank
Dena Corporate Centre, C-10, G Block Bandra Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.denabank.co.in
Business Profile
Dena Bank was incorporated in 1938
as Devkaran Nanjee Banking Company
Ltd. The bank became public in 1939 and
acquired its current name. In 1969, the
bank was nationalized and in 1996 came
out with IPO. Dena Bank offers personal
banking, corporate banking, international
banking and priority & SME lending
services. Under corporate banking, the
bank provides sector specific schemes
to educational institutions, builders &
developers, hospitals, hotels & restaurants
and entertainment industry. Dena Bank
offers trade finance services and NRI
banking services under the international
banking segment. The bank offers priority

sector schemes like Dena Rural Internet
Kiosk Scheme, Dena Shakti Scheme, Dena
Laghu Udyami Card Scheme, among.
During FY13, the bank opened 122 new
branches which also included upgradation
of seven satellite offices to full-fledged
branches. The branch network of the bank
increased to 1464 branches and 620 ATMs
across the country. The bank has covered
70 villages by setting up brick & mortar
branches and 1277 villages by setting up
ultra-small branches. As of March 2013,
the bank has issued 235,000 Dena Kisan
Credit Cards and 19,000 Dena General
Credit Cards.
D&B D-U-N-S 65-009-6316

95,549
Total Income (` mn)
8,104
Net Profit (` mn)

1,629,884
Total Assets (` mn)
1,134,404
2.37

(` mn)
143.1
CRAR Basel II (%)
11.03
C-D Ratio (%)
8.89
1.39
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.
The bank commenced Indian operations in
1980. The bank caters to Indian corporates,
institutional as well as individual clients.
In 2006, it launched credit card business
in India. The bank primarily undertakes
global market (treasury), commercial
banking and retail banking activities. It
offers a wide range of banking products,
services and schemes. Loans offered by
the bank include home loans, loan against
property, personal loans, overdraft against
deposits, business instalment loans and
small business overdraft. Under personal
banking, it offers advantage banking,

expatriate savings account, student
account, savings account, payroll account
and fixed deposit. The business banking
products and services offered by the bank
include current account, Magnus working
capital lending, small business overdraft,
current account trade, trade services &
forex, cash management services and db
OnlineBanking for corporates. Under NRI
banking it provides NRI bank account, NRI
fixed deposit, NRI portfolio investment
scheme and money transfer facilities
to NRIs. It also provides three types of
insurance schemes namely life insurance,
non-life insurance and health insurance.
D&B D-U-N-S 65-075-8233

Total Income (` mn)
Net Profit (` mn)
36,395
10,330
431,684
Total Assets (` mn)
404,924
5.78

(` mn)
257.5
CRAR Basel II (%)
14.08
C-D Ratio (%)
12.87
0.13
25

601/602, Peninsula Business Park, Tower A, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra
Website: www.dcbbank.com
Business Profile
Development Credit Bank Ltd (DCB),
formerly known as the Development
Cooperative Bank Ltd, was formed through
the merger of Ismailia Co-operative Bank
Ltd and Masalawalla Co-operative Bank Ltd
in 1981. DCB merged with Citi Co-operative
Bank Ltd, and subsequently acquired its
present name in May 1995. During the same
year, DCB was converted into a scheduled
commercial bank. The bank offers personal
banking, corporate banking, SME banking,
NRI banking and other banking services to
its clients. Under personal banking, DCB
offers current account, savings account,
deposit schemes, loan schemes, investment
services, etc. The bank also offers working

capital finance, term finance, export credit
to the corporates. In FY13, the bank added
10 new branches taking the total to 94
branches across India. During the same
period, DCB implemented Call Centre-IVR
solution and offered facility for online
savings account opening convenience for
existing and new NRI customers. In FY13,
the bank launched Cheque Truncation
System (CTS) in Bengaluru, Hyderabad and
Kochi.
D&B D-U-N-S 65-060-0310

10,331
Total Income (` mn)
1,021
Net Profit (` mn)

149,499
Total Assets (` mn)
112,788
2.85

(` mn)
67.4
13.61
CRAR Basel II (%)

C-D Ratio (%)
4.53
0.75
Dhanlaxmi Bank Limited

PB No. 9, Dhanalaksmi Buildings, Naickanal, Thrissur - 680001, Kerala
Website: www.dhanbank.com
Business Profile
Dhanlaxmi Bank Ltd (Dhanlaxmi Bank)
was incorporated in 1927 at Thrissur, Kerala.
The bank operates in treasury, corporate
and wholesale banking, retail banking,
personal banking, corporate banking, NRI
banking, SME banking and micro & agri
banking. Under personal banking, it offers
deposit schemes, loan schemes, cards,
forex services and investment services. It
offers full range of loan schemes including
property loan, car loan, commercial loan,
personal loan, education loan, business
loan and loan against securities. Under
corporate banking, the bank offers forex &
trade services, cash management services
and credit services like industrial advance,

trade advance, etc. It also offers remittance
facilities, NRE account, NRO account,
recurring & term deposits, etc to NRIs. In
FY13, the bank introduced Dhanam Green
Loan product for funding purchase of
solar power equipment to promote use
of non-conventional energy sources. It
also introduced a new gold loan product
that facilitates greater flexibility through
provision for partial release of ornaments
and redeposit of ornaments. During the
same period, the bank also introduced
Dhanam, a basic savings account with
added features to cater to the needs of low
income group.
D&B D-U-N-S 65-066-0483

14,223
Total Income (` mn)
26
Net Profit (` mn)

189,792
Total Assets (` mn)
138,195
1.94

(` mn)
73.0
11.06
CRAR Basel II (%)

C-D Ratio (%)
4.55
3.36
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.
The bank offers personal banking, NRI
banking, corporate banking, SME banking
and agriculture banking. Under personal
banking, the bank offers full range of
banking and financial services including
accounts, deposits, loans, investment, etc.
The bank also offers corporate internet
banking, current accounts, business
loans, trade finance services, etc. to the
corporates. As on Mar 31, 2013 Federal
26
Bank added 153 new branches and 174

ATMs taking the total to 1,103 branches
and 1,172 ATMs across India. During the
same period, the bank launched SME Asset
Power scheme to provide business loan to
professionals for setting up offices, clinics,
etc. It also launched customised loan
products for gold manufacturing units and
introduced provision for online application
for MSME loans. During the same period,
the bank launched a micro insurance
scheme called Federal Suraksha exclusively
for the under-privileged sections of the
society and has also taken initiative to set
up 19 Federal Ashwas financial literacy
centres in Kerala.
D&B D-U-N-S 65-011-6239

Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
68,320
8,382
1,017,116
710,496
3.00

(` mn)
107.5
CRAR Basel II (%)
14.73
C-D Ratio (%)
4.76
0.98

4th Floor, TCG Financial Centre, C-53 G Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.firstrand.co.in
Business Profile
FirstRand Bank Ltd (FirstRand) is an arm
of FirstRand Banking Group South Africa. It
set up its representative office in Mumbai,
India in Jan 2008 and started its Indian
operations in 2009. The bank commenced
business from its Mumbai office in Apr
2009. In India, the bank primarily offers
corporate banking, trade & international
banking, investment banking and fixed
income currency & commodities products.
Under corporate banking, the bank offers
INR & foreign currency accounts, fixed
deposits, transactional banking, working
capital facilities and long term loans. It also
offers fixed income currency & commodities
products like fixed income, money market,

forex customer dealing, FX structuring,
FX spots & forwards and derivatives. The
trade & international banking products
and services of FirstRand include inward
& outward remittances, open account
transactions, documentary collections,
documentary credits, guarantees, import
& export finance and structured trade
finance. Under investment banking, the
bank offers corporate finance & advisory,
asset based finance, infrastructure finance
and capital raising.
D&B D-U-N-S 86-379-9133

Total Income (` mn)
1,059
Net Profit (` mn)
(595)
3,307
11,429
Total Assets (` mn)

4.77

(` mn)
37.3
CRAR Basel II (%)
47.84
C-D Ratio (%)
36.08
-
HDFC Bank Limited

HDFC Bank House, Senapati Bapat Marg, Lower Parel (W) Mumbai - 400013, Maharashtra
Website: www.hdfcbank.com
Business Profile
HDFC Bank Ltd (HDFC Bank) was
incorporated in 1994 and was promoted
by the Housing Development Finance
Corporation Limited (HDFC). HDFC Bank
commenced operations as a scheduled
commercial bank in 1995. The bank
operates in personal banking, NRI banking,
SME banking and wholesale/corporate
banking segments. Under personal
banking, it offers accounts & deposits,
loan schemes, investment services, forex
services, premium and private banking
solutions. The bank offers various loan
schemes including personal loan, business
loan, home loan, car loan, gold loan,
educational loan, etc. It also offers banking

services and financial services such as
home loans, loan against securities and
loan against fixed deposits to NRIs. For
SMEs, it offers cash management services,
working capital finance, term loans, trade
finance solutions, etc. Under the wholesale
banking, the bank offers corporate finance
solutions, supply chain finance solutions
and agricultural lending. As on Mar
31, 2013 the bank operated through a
network of 3,062 branches in 1,845 cities
and towns. During the same period, the
banks ATM network increased from 8,913
to 10,743.
D&B D-U-N-S 65-005-7888

Total Income (` mn)
419,175
67,263
Net Profit (` mn)

5,359,676
Total Assets (` mn)
4,003,319
4.28

(` mn)
75.0
16.80
CRAR Basel II (%)

C-D Ratio (%)
4.94
0.20
The Hongkong and Shanghai Banking Corporation Limited

52/60, MG Road, Mumbai 400001, Maharashtra
Website: www.hsbc.co.in
Business Profile
The Hong Kong and Shanghai Banking
Corporation Ltd (HSBC) is a subsidiary of the
HSBC Group and was established in Hong
Kong in the year 1865. HSBC was formed in
India in 1959 after acquiring the Mercantile
Bank, which was incorporated in 1853 in
Mumbai. HSBC primarily undertakes retail
banking, corporate banking and treasury
services. The banks products & services
portfolio comprises of personal banking,
NRI banking, financial planning services,
corporate banking, business banking,
payments & cash management, trade &
factoring services, institutional banking,
treasury & capital markets and custody &
clearing services.The loans provided by the

bank comprise of personal loans, home
loans, and loan against property among
others. Under NRI banking, it provides
country specific products and services to NRI
customers. The bank also offers credit card
schemes, insurance schemes, investment
services and wealth management services.
It provides self-service banking with more
than 150 in-branch and off-branch ATMs
and 24-hours phone banking services. The
bank offers interbank mobile payment
service, internet banking and online credit
card transactions.
D&B D-U-N-S 86-018-6486

Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
87,574
19,357
925,747
1,061,704
3.74

(` mn)
189.0
CRAR Basel II (%)
17.10
C-D Ratio (%)
8.73
0.33
27
ICICI Bank Limited

ICICI Bank Towers, Bandra - Kurla Complex, Mumbai - 400051, Maharashtra
Website: www.icicibank.com
Business Profile
ICICI Bank Ltd (ICICI Bank), a part
of the ICICI Group was incorporated as
ICICI Banking Corporation Ltd in 1994.
In May 2002, ICICI, ICICI Capital Services
and ICICI Personal Financial Services were
amalgamated with ICICI Bank. The bank
primarily operates in three segments
namely retail banking, wholesale banking
and treasury. During FY13, ICICI Bank
formed a JV with Bank of Baroda, Citicorp
Finance and Life Insurance Corporation of
India to incorporate India Infradebt Ltd.
ICICI Bank operates through 464 rural
branches including 131 Gramin branches
in unbanked villages. Through its network
of branches and business correspondents,

the Bank covers over 13,500 villages.
During FY13, the bank launched doorstep
banking, customer loyalty programme
called MySavings Rewards and an online
service for storing important documents
called E-Locker for privilege banking
customers. In Mar 31, 2013 the bank
initiated Electronic Benefit Transfer payment
facilities in 48 districts across 11 states. The
bank also introduced range of services like
24X7 electronic branches, Money2India on
mobile, Bank-on-the-move, etc. to enhance
customer convenience.
D&B D-U-N-S 65-067-3890

Total Income (` mn)
484,213
83,255
Net Profit (` mn)

5,828,630
Total Assets (` mn)
5,367,947
2.70

(` mn)
73.5
18.74
CRAR Basel II (%)

C-D Ratio (%)
6.51
0.77
IDBI Bank
IDBI Tower, WTC Complex, Cuffe Parade, Mumbai 400005, Maharashtra
Website: www.idbi.com
Business Profile
IDBI Bank Ltd (IDBI) was established
in 1964 as a wholly-owned subsidiary of
RBI in the name of Industrial Development
Bank of India. In 1976, the ownership of
IDBI was transferred to the GoI. In 2004,
IDBI was transformed into a bank and
subsequently, IDBI merged its banking
subsidiary IDBI Bank Ltd with itself in
2005. The bank acquired its present name
in 2008. IDBI operates primarily under
personal banking, corporate banking,
MSME banking, agriculture banking and
NRI banking segments. Under personal
banking, the bank provides savings
account schemes, flexi current account,
corporate payroll account, fixed deposits

and full range of loan schemes. Under
corporate banking segment, IDBI offers
fund & non-fund based assistance, cash
management services, treasury services,
trade finance etc. Under agri banking,
the bank offers activity specific financing
schemes for dairy farming, poultry farming,
fisheries, sericulture, etc. During FY13, IDBI
introduced online loan application facility
with tracking system for home loans, auto
loans, personal loans and educational
loans. The bank also launched an online
PPF subscription facility for its customers
in February 2013.
D&B D-U-N-S 65-007-6839

Total Income (` mn)
Net Profit (` mn)
18,821
4,234,229
Total Assets (` mn)
3,227,685
1.75

(` mn)
256.4
CRAR Basel II (%)
13.13
C-D Ratio (%)
4.64
1.58
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
28
282,838
Indian Bank
PB No: 5555, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai - 600014, TN
Website: www.indianbank.in
Business Profile
Indian Bank was incorporated in March
1907 as Indian Bank Ltd. In 1962, the bank
acquired the businesses of Royalaseema
Bank, The Bank of Alagapuri, Salem Bank,
The Mannargudi Bank and The Trichy
United Bank. The bank was nationalized
and acquired its present name in July 1969.
Indian Bank offers full range of diversified
banking & financial services and operates
in four main segments namely treasury,
corporate and wholesale banking, retail
banking and other banking operations.
During FY13, the bank expanded its
network by 143 branches, bringing the
total of 2089 branches all over India.
Bank also has overseas presence across

Singapore, Colombo and Jaffna. As a part
of its financial inclusion initiative, as of
March 2013, the bank has 45 MICROSATE
branches to provide lending to Self-Help
Groups (SHGs) and has covered 23,457
SHGs during FY13. Indian bank has covered
3380 villages through smart card based
business correspondent model, 26 villages
through brick and mortar branches, 34
villages through banking service centers
and 54 villages through mobile banking.
D&B D-U-N-S 86-232-8163

Total Income (` mn)
151,806
15,811
Net Profit (` mn)

2,476,227
Total Assets (` mn)
1,628,226
2.97

(` mn)
130.1
CRAR Basel II (%)
13.08
C-D Ratio (%)
4.98
2.26

763, Anna Salai, Chennai 600002, TN
Website: www.iob.in
Business Profile
Indian Overseas Bank (IOB) was
founded in Feb 1937 with the twin
objectives of specializing in foreign
exchange business and overseas banking.
IOB was nationalised in 1969. IOB offers full
range of products in personal, corporate
and rural banking. Under personal banking
the products offered by the bank include
saving accounts, current accounts, retail
loan schemes etc. Under the corporate
banking IOB offers products for MSMEs,
BPOs, IT & ITeS etc. Some of the key
agriculture products offered by the bank
are IOB Sagar Lakshmi, IOB Bhoomi Shakti,
IOB Green Credit, IOB Urban Horticulture
etc. The bank launched a financing scheme

for women entrepreneurs called IOB SME
Mahila Plus, for starting a new unit or
for expansion of the existing unit. As on
31st March 2013, IOB has 2902 domestic
branches, out of which 273 were opened.
The total number of branches comprises
of 849 rural branches, 808 semi urban
branches, 649 urban branches and 596
metropolitan branches. The bank has two
branches in Hong Kong and one each at
Singapore, South Korea, Sri Lanka and
Bangkok.
D&B D-U-N-S 65-006-7234

Total Income (` mn)
226,496
5,672
Net Profit (` mn)

3,624,994
Total Assets (` mn)
2,446,560
2.26

(` mn)
128.8
CRAR Basel II (%)
11.85
C-D Ratio (%)
4.87
2.50

841/Tower 1, One Indiabulls Centre, Senapati Bapat Marg, Elphinstone Road (W), Mumbai - 400013, Maharashtra
Website: www.indusind.com
Business Profile
IndusInd
Bank
Ltd
(IndusInd)
commenced its operation in 1994. In
2003-04, Ashok Leyland Finance Ltd was
merged with the bank and established
its first international representative office
in Dubai. The bank offers full range of
banking services and primarily operates
in personal banking, NRI banking, priority
sector banking and corporate banking. The
bank introduced pre-paid forex cards in six
different currencies to offer a full suite of
banking and payment services to its affluent
retail client base. To save customers cost
and time, the bank launched Super Saver
Packs to offer customers with need-based
solutions in form of multiple financial

products in one pack. The bank also
introduced Agri Business Group to provide
specialised services like farmer commodity
finance, agri projects finance and agri
infrastructure finance. As on Dec 31, 2013
IndusInd Bank operated through 573
branches, and 1055 ATMs spread across
392 geographical locations of the country.
The bank also has representative offices in
London, UK and Dubai, UAE.
D&B D-U-N-S 91-683-2315

Total Income (` mn)
Net Profit (` mn)
83,462
10,612
984,373
Total Assets (` mn)
733,065
3.41

(` mn)
84.1
CRAR Basel II (%)
15.36
C-D Ratio (%)
6.01
0.31
29

Level 1, East Wing, Wockhardt Tower, C-2, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
Website: www.icbc-ltd.com
Business Profile
Industrial and Commercial Bank of
China Ltd (ICBC) was incorporated in 1984
and acquired its current name in October
2005. The bank was listed on Shanghai
Stock Exchange and Stock Exchange of
Hong Kong in October 2006. The bank
started its Indian operations in 2011
through its Mumbai branch. In India, ICBC
is primarily engaged in corporate banking
and personal banking segments. Under
the corporate banking, the bank offers
wide range of products and services such
as deposits, loans, international settlement
services and trade finance among others.
The deposit products of the bank include
current deposit, time deposit and agreement

deposit. The loans offered by ICBC include
working capital loans, project loan and
syndicated loan. The trade finance services
of the bank consist of import bill advance,
shipping guarantee, packing credit, export
invoice financing, international factoring
and forfaiting among others. Under the
personal banking, ICBC offers current
deposit and time deposit; and also offers
settlement services including remittance
services, personal internet banking and
foreign exchange services.
D&B D-U-N-S 85-993-0272

Total Income (` mn)
614
Net Profit (` mn)
164
5,143
Total Assets (` mn)
7,788
7.77

(` mn)
205.7
CRAR Basel II (%)
69.43
6.64
C-D Ratio (%)

ING Vysya House, No. 22, MG Road, Bengaluru - 560001, Karnataka
Website: www.ingvysyabank.com
Business Profile
ING Vysya Bank Ltd (ING Vysya) was
incorporated in 1930 as Vysya Bank Ltd.
The bank primarily operates in personal
banking, business banking, wholesale
banking, private banking and NRI banking.
ING Vysya product portfolio comprises
of kisan credit card, produce loans, gold
loans, micro finance institution loans, SHG
loans, working capital loan and agriculture
term loans among others. Under wholesale
banking, the bank offers customised
banking products and services catering to
corporate customer segments like large
corporates group, international clients
group, emerging corporates group and
banking & financial institutions group. In

FY13, the bank expanded the network of its
branches and extension counters from 527
to 542 and ATM network from 430 to 500
ATMs. During the same period, the bank
launched Institutional Savings and Current
Account that caters to the need of various
institutions such as trusts, associations
and government entities. During FY13, the
bank launched a value added term deposit
product called INGFD+ and also introduced
booking of term deposit via SMS banking.
D&B D-U-N-S 65-028-2163

55,885
Total Income (` mn)
6,130
Net Profit (` mn)

731,060
Total Assets (` mn)
548,364
3.02

(` mn)
64.4
13.24
CRAR Basel II (%)

C-D Ratio (%)
4.70
0.03
The Jammu & Kashmir Bank Limited

M. A. Road, Srinagar - 190001, J&K
Website: www.jkbank.net
Business Profile
The Jammu & Kashmir Bank Ltd (J&K
Bank) was incorporated in 1938. J&K Bank
is the only private sector bank designated
as RBIs agent for banking business, and
carries out the banking business of the
Central Government. The bank offers
various finance options including housing,
personal,
educational,
automobile,
agriculture, craft and specialized finance.
J&K bank also offers tax saver term deposit
scheme in its tax products & planning
services. The bank offers various banking
services, remittance facility, loans and
other financial services to NRIs all over the
world. During FY13, 12 financial literacy
30
centres became operational in 12 allocated

districts. J&K Bank added 70 branches and
105 new ATMs taking the total to 685
branches and 613 ATMs in FY13. During the
same period, the bank introduced mobile
banking with features like intra bank fund
transfer, interbank fund transfer, balance
inquiry, cheque book inquiry, cheque stop
request, statement request, etc. In Nov
2013, the bank signed a MoU with the
State Government for implementation
of Direct Benefit Transfer (DBT Electronic
Benefit Transfer Scheme) in the state for
transfer of government entitlements under
various central sector/centrally sponsored
schemes.
D&B D-U-N-S 86-027-4899

Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
66,205
10,551
1,034,210
717,433
3.51

(` mn)
104.9
CRAR Basel II (%)
12.83
C-D Ratio (%)
4.20
0.14

J.P. Morgan Tower, Off CST Road, Kalina, Santacruz (East), Mumbai - 400098, Maharashtra
Website: www.jpmorgan.com
Business Profile
JPMorgan Chase Bank N.A. (JPMorgan)
formed in 2000, when Chase Manhattan
Corporation merged with J.P. Morgan &
company, which is an American multinational
banking and financial services. The Bank
started its business in India in 1922 having
head office at Mumbai. The Bank operates
into business of asset management,
commercial banking, investment banking,
and private banking and treasury services.
In commercial banking bank provides
lending, treasury services, investment
banking and management to corporations,
municipalities, financial institutions and
not-for-profit entities. The Banks treasury
business serves more than 135,000

corporations spread across 180 countries
in world. In May 2012, the Bank launched
its first prepaid cards called Chase LiquidSM
which offers customers better control
over their finances and allows them full
access to Chase branches, ATMs and online
banking. In Jan 2013, JP Morgan launches
its multi-asset trading electronic client
platform globally J.P. Morgan Markets for a
post- regulatory trading environment.
D&B D-U-N-S 65-040-3434

21,072
Total Income (` mn)
6,727
Net Profit (` mn)

157,132
Total Assets (` mn)
253,394
3.49

(` mn)
632.7
CRAR Basel II (%)
26.89
8.92
C-D Ratio (%)
Karnataka Bank Limited

Mahaveera Circle, Kankanady, Mangalore 575002, Karnataka
Website: www.karnatakabank.com
Business Profile
Karnataka Bank Ltd was incorporated
in Feb 1924 at Mangalore. The bank
further grew in size after merging with
three banks namely Sringeri Sharada
Bank Ltd, Chitradurga Bank Ltd and Bank
of Karnataka. Karnataka Bank mainly
operates in personal banking, business
banking, insurance services and money
transfer services. Karnataka bank offers
working capital finance, term loans and
infrastructure finance in the business
banking segment. Karnataka Bank offers
various facilities to NRIs to promote
investment in India. Some of the facilities
include banking facilities, investments in
repatriation and non-repatriation basis,

investment in immovable property and
other facilities to the returning NRIs/
PIO. The bank provides internet banking
facility called MoneyClick catering to
different types of customers namely
MoneyClick-Retail, MoneyClick-Corporate
and MoneyClick-Cyberkids. This facility is a
self-service channel, which is available 24
hours a day and 365 days a year. Karnataka
bank has also undertaken various financial
inclusion initiatives namely, Financial
Literacy and Credit Counseling Centers
(FLCCs), Karnataka Farmers Resource
Center (KFRC), Electronic Benefit Transfer
(EBT) amongst others.
D&B D-U-N-S 91-577-8497

41,619
Total Income (` mn)
3,481
Net Profit (` mn)

612,639
Total Assets (` mn)
415,264
2.32

(` mn)
96.6
13.22
CRAR Basel II (%)

C-D Ratio (%)
4.76
1.51
The Karur Vysya Bank Limited

Post Box No. 21, Erode Road, Karur 639002, TN
Website: www.kvb.co.in
Business Profile
The Karur Vysya Bank Ltd (KVB) was
incorporated in 1916 to provide finance
to agriculture, trade and industry in and
around Karur, Tamil Nadu. KVB is engaged
in providing personal banking, corporate
banking, MSME banking, agricultural
banking and NRI banking services. Under
the personal banking section, KVB offers
different types of saving accounts, loans
and deposits. The bank offers business
loans, personal loans, home loans, vehicle
loans, educational loans, etc. In corporate
banking, KVB offers multicity current
account for businesses that are set up in
different cities and also offers corporate
loans. KVB offers open cash credit,

medium term loans and MSME standby
term loans to the companies belonging
in the SME sector. The bank provides NRE
account, NRO account and NRI Home
Loan called Gruhapravesh to NRIs. KVB
offers schemes like Green Harvester and
Green Trac to facilitate purchasing of
necessary vehicle for agricultural purposes.
In agriculture banking, the bank provides
agricultural financing schemes like Kisan
Mithra Scheme and KVB Happy Kisan.
KVB has taken IT initiatives by installing 88
cash deposit machines and implementing
Interbank Mobile Payment System (IMPS).
D&B D-U-N-S 91-535-5189

Total Income (` mn)
Net Profit (` mn)
46,950
5,503
681,331
Total Assets (` mn)
467,333
2.75

(` mn)
101.4
CRAR Basel II (%)
14.41
C-D Ratio (%)
4.21
0.37
31

36-38A, Nariman Bhavan, 227, Nariman Point, Mumbai 400021, Maharashtra
Website: www.kotak.com
Business Profile
Kotak Mahindra Bank Ltd (KMBL) was
established in 1985, as Kotak Mahindra
Finance Ltd (KMFL) and started bill
discounting activities. In 1987, KMFL
entered the lease and hire purchase market.
In 2003, the bank was converted into
commercial bank and acquired its present
name. KMBL operates in various banking
segments namely personal, NRI, corporate
and SME banking. Under retail banking it
provides commercial vehicle loans, home
and personal loans, agriculture finance,
etc. Corporate banking covers wholesale
borrowings and lending. Under treasury,
investment and balance sheet management
unit segment, the bank provides debt,

equity, money and forex market, derivatives
and investment services. KMBL launched a
special savings program for women under
the title Silk to systematically improve the
acquisition rates of women-held accounts.
Under this program, the bank successfully
acquired around 30,000 customers. The
bank also launched Kotak Money Watch
- a white labelled solution for personal
finance management. KMBL is a corporate
agent to more than 119 corporates and
facilitates enrolments of their employees
under NPS (New Pension System) product.
D&B D-U-N-S 65-019-5050

Total Income (` mn)
92,032
Net Profit (` mn)
13,607
994,978
Total Assets (` mn)
836,937
4.29

(` mn)
68.6
16.05
CRAR Basel II (%)

C-D Ratio (%)
4.33
0.64
The Laxshmi Vilas Bank Limited

Salem Road, Kathapari, Karur 639006, TN
Website: www.lvbank.com
Business Profile
The Lakshmi Vilas Bank Ltd (LVB) was
incorporated in 1926. The bank obtained
its license from RBI in 1958 and became
a scheduled commercial bank. During the
period 1961 to 1965, LVB took over nine
other banks. LVB provides retail banking,
corporate banking and bancassurance
services. LVBs branch network is spread
over 15 states and the union territory of
Puducherry in India. In personal banking,
LVB offers different types of accounts in
savings account, current account, fixed
deposits and recurring deposits. LVBs loan
schemes include Lakshmi Business Credit,
Lakshmi Home Loan, Lakshmi Easy Loan,
Lakshmi Small Business Loan etc. The bank

provides NRE, NRO and NRF account facility
to NRI customers. As on Mar 312013, the
bank has a network of 291 branches, 1
satellite branch and 8 extension counters,
spread over 15 states and the union
territory of Pondicherry. The ATM network
of the bank consists of 651 ATM machines
all across India, with 183 onsite & 468
offsite ATM machines.
D&B D-U-N-S 67-558-2432

19,576
Total Income (` mn)
916
Net Profit (` mn)

273,218
Total Assets (` mn)
176,667
2.32

(` mn)
86.3
CRAR Basel II (%)
12.32
C-D Ratio (%)
4.66
2.43
Mashreq Bank
1305, Raheja Centre, 13th Floor, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.mashreqbank.com
Business Profile
Mashreq
Bank
(Mashreq)
was
established in 1967. Mashreq is engaged
in the business of providing banking and
financial services. The bank operate with
12 offices in nine countries, including
Europe, US, Asia and Africa. In 2004, the
bank started investment business with its
subsidiary Mashreq Asset Management.
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 cards,
insurance, convenience banking etc. Under
32
corporate banking, the bank provides

corporate lending, treasury and capital
markets, cash management, investment
banking kind of products to corporate
and individuals. Business banking includes
merchant overdraft, small business loan,
and self-employed personal loan and
working capital finance to SME customers.
The banks other value added services
include online banking and mobile banking.
Under international banking segment,
the bank provides account services, trade
services and international fund transfer
services.
D&B D-U-N-S 87-162-5796

Total Income (` mn)
Net Profit (` mn)
304
116
1,741
Total Assets (` mn)
2,466
4.42

(` mn)
67.8
CRAR Basel II (%)

C-D Ratio (%)
49.62
6.95
-
Mizuho Bank Limited

Maker Chamber III, 1st Floor, Jamnalal Bajaj Road, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.mizuhobank.com
Business Profile
Mizuho Bank Ltd (MBL), formerly
known as Mizuho Corporate Bank, Ltd
(MCBL), is a subsidiary of Mizuho Financial
Group was established on Apr 1, 2002 in
Japan. In July 1 2013, Mizuho Corporate
Bank, Ltd merged with MBL to form a
single entity named, MBL. MBL classifies its
Indian operations into two segments viz.
treasury and corporate/wholesale banking.
The Bank offers a gamut of product and
services such as deposit-taking, lending,
L/C issuance, acceptance and confirmation,
acceptance and negotiation of import/
export bills, remittance, forward exchange
contracts, guarantees, MSME lending
etc. In auxiliary business banks provides

buying and selling of gold, public bond
underwriting, lottery services, consulting
services and brokerage business. MBL
deals into securities market through its
subsidiary, Mizuho Securities Co. Ltd. The
banks Indian operations are carried out
through branches located in Mumbai, New
Delhi and Bengaluru. In Jan 2013, the bank
has received formal approval from RBI to
open a branch in Chennai, TN which was
scheduled to start operations in Nov 2013.
D&B D-U-N-S 91-844-5644

Total Income (` mn)
5,207
Net Profit (` mn)
1,728
72,622
Total Assets (` mn)
76,225
5.61

(` mn)
419.8
CRAR Basel II (%)
48.11
C-D Ratio (%)
12.73
1.59
The Nainital Bank Limited

Seven Oaks Building, Mallital, Nainital - 263001, Uttarakhand
Website: www.nainitalbank.co.in
Business Profile
The Nainital Bank Ltd (Nainital Bank)
is based in Nainital, Uttarakhand and
operates through more than 107 branches
across the states of Uttarakhand, UP, Delhi,
Haryana and Rajasthan. The bank provides
a variety of products and services across
the personal banking, business banking
and rural & agri banking segments.
Nainital Banks personal banking segment
provides deposits and retail loan products
which includes Apna Ashiana, a housing
loan scheme, Suhana Safar, a car loan
scheme, Naini Sahayog, a loan to salaried
professionals, Naini HealthCare, a scheme
for doctors etc. In the business banking
segment, it offers services ranging from

working capital finance, short term
corporate loans and project finance. In
FY13, Nainital Bank implemented multiple
account linkage facility with single RuPay
ATM cards. During the same year, the bank
also tied up with UTITSL for collection
of PAN applications for facilitating
issue of PAN cards to its customers and
also commenced sale of eStamps in
Uttarakhand. The bank also tied up with
National Insurance Co Ltd and ING-Vysya
Life Insurance for selling general and life
insurance products respectively.
D&B D-U-N-S 65-066-0558

4,230
Total Income (` mn)
511
Net Profit (` mn)

58,788
Total Assets (` mn)
43,181
3.54

(` mn)
74.8
14.43
CRAR Basel II (%)
4.95
C-D Ratio (%)

Plot No. 5, Institutional Area Sector - 32, Gurgaon 122001, Haryana
Website: www.obcindia.co.in
Business Profile
Oriental Bank of Commerce (OBC),
a GOI undertaking, was established in
1943. In 1945, the bank was acquired
by the Thapar group. In 1980, the bank
got nationalised and came out with an
IPO in 1994. OBC provides wide range
of banking & financial products and is
engaged in treasury operations, corporate
and wholesale banking, retail banking
and other banking operations. Under
retail banking, OBC offers various deposit
schemes and loans. Besides retail loan
schemes, the bank offer loan schemes for
minority community, professionals, women
and priority sectors like SMEs & agriculture.
Some of the deposit schemes offered by

the bank include Pragati Deposit scheme,
Varishtha Samman deposit scheme, OBC
Aadhar, Oriental Double Deposit scheme
etc. The bank also has tie-up with UTI
Asset Management Company Ltd for
selling banks mutual funds products. OBC
has signed a MoU with Piaggio Vehicles
Pvt. Ltd. & Mahindra & Mahindra Vehicles
Ltd. for increasing vehicle loan financing.
The bank has also signed a MoU with Bajaj
Auto Ltd. for two wheeler & auto rickshaw
financing.
D&B D-U-N-S 65-008-5574

Total Income (` mn)
Net Profit (` mn)
193,595
13,279
3,048,526
Total Assets (` mn)
2,006,972
2.49

(` mn)
162.0
CRAR Basel II (%)
12.04
C-D Ratio (%)
4.65
2.27
33
Punjab & Sind Bank

Bank House, 21, Rajendra Place, New Delhi 110008, Delhi
Website: www.psbindia.com
Business Profile
Punjab & Sind Bank (P&SB) was
incorporated in 1908 as The Punjab & Sind
Bank Ltd at Amritsar, Punjab. In 1980, the
bank got nationalised with five other banks
and was constituted as a corresponding
new bank. P&SBs business is primarily
divided into treasury, retail banking,
corporate banking, and other banking
services. P&SB provides various deposit
and loan schemes under the retail banking
segment. Under agriculture financing, the
bank offers various schemes like P&SB drip
irrigation scheme, scheme for financing selfhelp groups, P&SB Kheti Udyog Khazana
Yojana (KUKY), P&SB scheme for agro
service centre-farm machinery etc. In 2012,

P&SB launched ATM enabled RuPay Kisan
Debit Card under the platform of National
Payment Corporation of India (NPCI). The
bank has opened 57 rural branches during
FY13 and appointed 100 new Agriculture
Field Officers (AFOs) to enhance rural
reach. The bank has also installed 61 ATMs
during FY13 taking the total number of
ATMs to 179. As on Mar 31, 2013 the bank
has issued 188,204 cards to its customers.
The bank has associated itself with Bajaj
Allianz Life Insurance Company Ltd to
promote insurance product called Sarve
Shakti Suraksha.
D&B D-U-N-S 91-535-6179

77,573
Total Income (` mn)
3,392
Net Profit (` mn)

Total Assets (` mn)
1,220,723
804,779
2.14

(` mn)
137.0
CRAR Basel II (%)
12.91
C-D Ratio (%)
4.60
2.16

PNB Pragati Towers, 5th Floor, Plot No. C-9, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.pnbindia.in
Business Profile
Punjab
National
Bank
(PNB)
commenced its operations in 1895 and
got nationalised in 1969. In 1993, New
Bank of India was merged with PNB and
further in 2003 Nedungadi Bank Ltd was
amalgamated with the bank. PNB operates
in multiple banking segments namely,
personal, MSME, agriculture, corporate
and international banking. PNBs financial
services segment includes insurance,
mutual funds and wealth management
service. It also provides merchant banking
services like issue management, payment of
dividend and interest warrants, debenture
trustee etc. Besides domestic operations,
PNB operates in several countries such

as Hong Kong, Afghanistan, UAE, UK,
Australia, etc. The bank launched a program
called PNB Pragati to bring down branch
congestion, enhance customer service
and sales by launching self-serviced cash
deposit, cheque deposit and pass book
updating machines. It also launched PNB
Kisan Tatkal Card Yojana to offer instant
credit to farmers to cater to their urgent
requirements for agriculture purposes. The
bank has grown its wealth management
services by creating PNB MetLife India
Insurance Co Ltd by acquiring stake in
MetLife India Insurance Company Ltd.
D&B D-U-N-S 65-005-6740

Total Income (` mn)
461,093
47,477
Net Profit (` mn)

7,002,853
Total Assets (` mn)
4,788,770
3.17

(` mn)
116.5
CRAR Basel II (%)
12.72
C-D Ratio (%)
4.57
2.35
2/F, Forbes Building, Charanjit Rai Marg, Fort, Mumbai 400001, Maharashtra
Website: www.rabobank.com
Business Profile
Rabobank International started its
operation in India in 1998. Rabobank
initiated its banking operations in India by
setting up its first branch and corporate
office in Mumbai. The bank offers a wide
range of banking services and also offers
specialised financial products and services
through its wholly owned subsidiary, Rabo
India Finance Ltd. The products offered
by Rabobank includes corporate banking,
global financial markets solutions, mergers
& acquisitions solutions, equity capital
markets solutions, renewable energy &
infrastructure finance, food & agri research
& advisory services and trade commodity
34
finance. Rabobank is also a sponsor of

India Agribusiness Fund. In India, Rabobank
has funded various projects by providing
technical assistance, capacity building,
soft loans and guarantees in areas of
microfinance and agriculture.
D&B D-U-N-S 65-067-1519

Total Income (` mn)
Net Profit (` mn)
929
122
6,733
Total Assets (` mn)
8,521
8.36

(` mn)
132.0
CRAR Basel II (%)
70.34
C-D Ratio (%)
27.75
The Ratnakar Bank Limited

First lane, Shahupuri, Kolhapur - 416001, Maharashtra
Website: www.rblbank.com
Business Profile
The Ratnakar Bank Ltd (RBL) was
established in 1943.. RBL mainly operates
under five business verticals; namely
corporate
&
institutional
banking,
commercial banking, retail banking, agri
& development banking and financial
markets. Under commercial banking, the
bank provides credit to SMEs which includes
supply chain management, fund based
and non-fund based etc. The corporate
and institutional banking segment of
the bank caters to the banking needs of
businesses with a turnover exceeding ` 10
bn, financial institutions including NBFIs
and govt. departments. RBL also provide
NRI banking services to their NRI client in

form of NRE and NRO accounts, NRE, NRO
and FCNR deposits and NRI money transfer
facility. The bank also provides access to the
debt capital markets, structured financing
solutions and risk management products
through its financial market business. In
Aug 2013, RBL acquired, The Royal Bank of
Scotlands (RBSs) business banking, credit
cards & mortgage businesses in India.
During FY13 the bank added 165 ATMs and
37 branches, taking the total to 184 ATMs
and 125 branches as on Mar 31, 2013.
D&B D-U-N-S 85-884-9566

10,058
Total Income (` mn)
925
Net Profit (` mn)

147,167
Total Assets (` mn)
129,634
2.55

(` mn)
73.9
17.11
CRAR Basel II (%)

C-D Ratio (%)
3.49
0.11
The Royal Bank of Scotland N.V.

Level 5, 4 North Avenue Maker Maxity, Bandra Kurla Complex Bandra (E), Mumbai - 400051 Maharashtra
Website: www.rbs.in
Business Profile
The Royal Bank of Scotland N.V. (RBS)
acquired its present name w.e.f Mar 2010,
when RBS group acquired the business
of ABN AMRO Bank in India. RBS offers
consumer banking, private banking,
international banking and Van Gogh
Preferred banking. The Van Gogh Preferred
banking includes services like WMS, forex
services, business banking solutions and
other value added services. In consumer
banking, RBS offers savings account, easy
draw fixed deposit, term deposit and direct
banking services. For NRIs, the bank offers
NRE, NRO, FCNR and RFC accounts. Under
the private banking, RBS offers banking
services, investment services, wealth

planning services and credit solutions.
The corporate banking segment of RBS
offers wide range of products and services
including debt financing, risk management
solutions, client solutions and transaction
services including liquidity and investment
management. The bank provides personal
loans, home loans, car loans and business
loans to the consumers.
D&B D-U-N-S 86-026-4424

24,374
Total Income (` mn)
2,226
Net Profit (` mn)

252,833
Total Assets (` mn)
263,596
3.52

(` mn)
162.1
CRAR Basel II (%)
14.50
C-D Ratio (%)
7.10
0.29
Shinhan Bank
Wockhardt Towers, 5th floor, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.shinhanbankindia.com
Business Profile
Shinhan Bank (Shinhan), a wholly
owned subsidiary of Shinhan Financial
Group established its operation in May
1996 in Mumbai. In 2006, the bank opened
its second branch in New Delhi and later
in Dec 2010, opened its third branch in
Vellore. Shinhans main area of operation
in India is wholesale banking business and
corporate banking unit. The bank offers
fixed deposits, pay order, demand drafts,
current account and savings accounts
under accounts and deposit schemes.
It also offers loan schemes, treasury
products and internet banking facilities.
Apart from traditional banking products
and services, Shinhan provides trade credit

arrangements, ECB arrangements, PCFC/
Export Bill Negotiations, no-frills account,
account receivable loan facilities, cash
management services, E-Tax payments, etc.
Besides, the bank provides with ECS/RTGS/
NEFT remittance facilities.
D&B D-U-N-S 65-063-2404

Total Income (` mn)
Net Profit (` mn)
2,244
440
26,465
Total Assets (` mn)
24,729
4.75

(` mn)
294.1
CRAR Basel II (%)
34.48
C-D Ratio (%)

7.38
-
35
Societe Generale
Maker Chambers IV, 13th Floor, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.societegenerale.in
Business Profile
Societe Generale (Societe Generale),
a part of Societe Generale Group has
presence in India since 1978 with the
establishment of a representative office
in Delhi. In 1985 following the closure of
the representative office, Societe Generale
opened its branch in Mumbai and later in
1993 in Delhi. The bank operates under the
license of a scheduled commercial bank
and provides gamut of banking facilities
and services. Under corporate banking,
the bank offers trade finance, investment
banking and M&A advisory services. Under
forex services, treasury services & capital
markets solutions the bank offers plain
vanilla FX forwards, swaps, currency, etc;

structured derivatives & money market
products, FX & interest rate solutions,
money market operations and bond &
government securities trading. Other
services provided by the bank include
correspondent banking, offshore energy
hedging and commodity derivatives and
commercial banking. The bank operates
through various JVs and subsidiaries
including SG Asia Holdings (India) Pvt. Ltd,
ALD Automotive Pvt. Ltd, SBI Mutual Fund,
SBI-SG Global Securities Services Pvt Ltd,
Societe Generale Global Solution Centre
Pvt. Ltd and Newedge Broker India Pvt.
Ltd.
D&B D-U-N-S 67-559-4938

2,538
Total Income (` mn)
369
Net Profit (` mn)

31,395
Total Assets (` mn)
31,793
3.96

(` mn)
304.0
CRAR Basel II (%)
29.35
5.53
C-D Ratio (%)
The South Indian Bank Limited

T.B Road, Mission Quarters, Thrissur - 680001, Kerala
Website: www.southindianbank.com
Business Profile
The South Indian Bank Ltd (South
Indian Bank) was established in 1929. It
is one of the earliest banks in the south
India. In 1946, South Indian Bank was
converted into SCB under the RBI act. The
bank offers variety of product and services
under personal banking, NRI banking and
business banking. In the personal banking,
the bank offers accounts and deposits,
loan, mutual fund and insurance products.
In business banking, the bank provides
working capital finance, long-term finance
and non-fund based finance to corporate
firms. The banks some other value added
services include demat account, CMS, SBI
travel card, any branch banking among

others. The Bank also offers depository
services in the form of demat account
with CDSL. In FY13, the bank tied up
with Arab National Bank, KSA and Asia
Express Exchange, Oman for overseas
fund remittances. During the year, the
bank enrolled as a channel partner for
the distribution of the bonds issued by
different companies, through banks tie
up with IFIN-a subsidiary of IFCI (Industrial
Financial Corporation of India) Financial
services Ltd. In FY13, the bank opened 50
new branches and 137 new ATMs across
the country. South Indian Banks network
is spread across 29 states/UTs.
D&B D-U-N-S 91-574-1672

47,692
Total Income (` mn)
5,023
Net Profit (` mn)

760,778
Total Assets (` mn)
497,950
2.84

(` mn)
120.1
CRAR Basel II (%)
13.91
C-D Ratio (%)
3.83
0.78

90, MG Road, Fort, Mumbai - 400001, Maharashtra
Website: www.sc.com/in
Business Profile
Standard Chartered Bank (Standard
Chartered) was formed in 1969 through
the merger of the Standard Bank of British
South Africa and the Chartered Bank of
India, Australia and China. The Chartered
Bank started its India operations in 1858.
In 1987, Standard Chartered Bank sold
its stake in the Standard Bank and now
operates as a separate entity. The bank
has presence in 42 Indian cities with 99
branches and provides a wide range of
products and services to suit the needs
of their personal banking and business
customers. The bank provides personal
banking, priority banking, private banking,
36
SME banking and wholesale banking

services to its clients. Under personal
banking, the bank offers wide range of
products such as savings & accounts,
loans, mortgages, credit cards, insurance
and employee banking. Under wholesale
banking, the bank offers transaction
banking,
financial
market
services,
corporate finance and principal finance
services. In SME banking, the bank offers
financing solution such as working capital,
business expansion, business protection
and yield enhancement.
D&B D-U-N-S 85-927-3767

Total Income (` mn)
Net Profit (` mn)
118,907
29,602
1,239,560
Total Assets (` mn)
1,197,580
4.15

(` mn)
168.8
CRAR Basel II (%)
13.00
C-D Ratio (%)
5.06
1.63

Tilak Marg, C Scheme, Jaipur 302005, Rajasthan
Website: www.sbbjbank.com
Business Profile
State Bank of Bikaner & Jaipur (SBBJ),
a subsidiary of SBI, was established in
1963 pursuant to the merger of State
Bank of Jaipur with State Bank of Bikaner.
SBBJ offers various banking services
including personal banking, NRI banking,
international banking, corporate banking,
agriculture and SME financing. Under
personal banking, SBBJ offers various
deposits, loans & financing schemes.
SBBJ offers international banking services
comprising export finance by way of preshipment and post-shipment credit both in
Indian and foreign currency, financing of
import, consultancy services to exporters/
importers etc. Under corporate banking,

SBBJ offers various deposit and loan
products such as corporate car loan,
corporate loan, etc. Under NRI banking,
SBBJ offers NRE and FCNR accounts for
NRIs. It also undertakes government
business like collection of direct taxes,
excise and customs, transaction on behalf
of railway department and other allied
activities. The bank also offers various
agriculture products such as Kisan credit
card scheme, Kisan Vahan Yojana, Vermi
Compost scheme, etc. As on Mar 31,
2013 the bank operates with a network of
12,831 employees and 1,037 branches.
D&B D-U-N-S 65-033-2554

82,245
Total Income (` mn)
7,302
Net Profit (` mn)

Total Assets (` mn)
1,296,512
860,168
3.24

(` mn)
90.0
12.16
CRAR Basel II (%)

C-D Ratio (%)
8.54
2.27

Gunfoundry, Hyderabad 500001, AP
Website: www.sbhyd.com
Business Profile
State Bank of Hyderabad (SBH) was
incorporated in 1941 as the Hyderabad
State Bank. In 1956, SBH was taken over
by RBI as its subsidiary and subsequently
the bank acquired its present name. In
1959, SBH became a subsidiary of the SBI.
SBH primarily operates in retail banking,
corporate banking and treasury operations.
SBH offers various financial services such
as personal, MSME, corporate, NRI and
agriculture banking. Under personal
banking, the bank offers accounts and
deposits such as savings accounts, current
accounts, and term deposits; various
loans such as home loans, used car loans,
educational loans, gold loans etc.; and

merchant banking services. Under the
segment of merchant banking, SBH offers
infrastructure bonds, depository services,
e-broking etc. SBH provides two kinds of
agriculture loans namely production credit
loan such as Kisan Credit Scheme (KCC),
and investment credit loan such as Yuva
Krishi Plus Scheme etc. SBH offers other
various banking services such as electronic
fund transfer system, safe deposit lockers,
national pension system etc.
D&B D-U-N-S 85-869-8401

Total Income (` mn)
134,234
12,502
Net Profit (` mn)

2,031,808
Total Assets (` mn)
1,360,781
3.08

(` mn)
138.8
CRAR Basel II (%)
12.36
C-D Ratio (%)
5.63
1.61
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
incorporated in 1806 as Bank of Calcutta
and was redesigned as Bank of Bengal
in 1809. In 1921, Bank of Madras, Bank
of Bombay and Bank of Bengal were
amalgamated to form Imperial Bank of
India. In 1955, all the state partnered and
state sponsored banks were integrated with
Imperial bank to form SBI. SBI primarily
operates in four main segments namely,
treasury management, wholesale and
corporate banking, retail banking and other
banking business. Treasury management
comprises the overall investment portfolio,
trading in foreign exchange and derivative
contracts. Wholesale/Corporate banking

covers banking services to corporate and
institutional clients. It also includes nontreasury operations of foreign offices.
Retail banking includes provision of
personal banking activities such as lending
to corporate customers and maintaining
banking relations with branches in the
National Banking Group (NBS). As on Mar
31, 2013 the bank operates with a network
of 14,816 domestic branches. In 2013, SBI
launched single online grievance lodging
and redressing system and an online
savings bank application facility.
D&B D-U-N-S 65-005-6914

Total Income (` mn)
Net Profit (` mn)
1,356,919
141,050
22,483,562
Total Assets (` mn)
15,662,610
3.06

(` mn)
94.4
CRAR Basel II (%)
12.92
C-D Ratio (%)
5.47
2.10
37

101, Raheja Centre, Free Press Journal, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.sbmgroup.mu
Business Profile
State Bank of Mauritius Ltd (SBM), a
part of the State Bank of Mauritius Group is
one of the leading financial services group
in Mauritius with a growing international
presence. SBM started its India operations
in Mumbai in Nov 1994. Later, the bank
started operations in Chennai, Hyderabad
and Ramachandrapuram. The bank mainly
operates in wholesale banking and offers
a wide range of corporate and commercial
banking solutions to its clients. Some of
the products and services offered by the
bank includes corporate lending, working
capital funding, hedging solutions, trade
transaction services to corporate customers,
financial institutions, small and mid-tier

clients across industries and segments.
SBM is an authorised foreign exchange
dealer which provides Forex conversion and
hedging solutions to foreign institutional
investors. The bank also offers products to
NRI and PIO customers as per their specific
investment needs.
D&B D-U-N-S 85-980-3943

1,662
Total Income (` mn)
331
Net Profit (` mn)

14,159
Total Assets (` mn)
14,724
4.66

(` mn)
289.0
CRAR Basel II (%)
55.01
C-D Ratio (%)
4.74
1.88

Mysore Bank Circle, K.G. Road, Bengaluru 560254, Karnataka
Website: www.statebankofmysore.co.in
Business Profile
State Bank of Mysore (SB Mysore)
was established in 1913 as Bank of
Mysore Ltd. In 1960, the bank became
an associate of SBI. The bank operates in
treasury management, corporate banking
and wholesale banking and retail banking
segments. SB Mysore offers various deposits
schemes and advances which include
personal, commercial and institutional
banking, agriculture financing and also
provides advances to SMEs. Under personal
banking, the bank provides personal loan,
mortgage loan, housing loan, etc. Under
commercial banking, the bank provide
various schemes like Scheme for Trades-
Liberalised Trade Finance, Handy Loans

Scheme, Corporate Loan, Current Account
Plus, Rent Plus and SBM Paryatan Plus
etc. Under agriculture financing, it offers
Kisan Gold Card Scheme, Kisan Credit Card
Scheme, Kisan Chakra Scheme, Gramin
Bhandaran Yojana etc. The bank operated
through 780 branches and a workforce of
10,784 employees as on Mar 31, 2013.
D&B D-U-N-S 65-008-8404

65,611
Total Income (` mn)
4,161
Net Profit (` mn)

Total Assets (` mn)
1,019,016
672,328
2.88

(` mn)
95.5
11.79
CRAR Basel II (%)

C-D Ratio (%)
4.22
2.69

The Mall, Patiala 147001, Punjab
Website: www.sbp.co.in
Business Profile
State Bank of Patiala (SBP) was
incorporated as the Patiala State Bank in
1917. In 1948, the bank came under the
control of RBI. In 1960, SBP became a
subsidiary of the SBI and subsequently
acquired its present name. It primarily
operates in four segments namely treasury,
corporate banking, retail banking and
other banking operations. SBP undertakes
personal banking, agriculture & rural
banking, NRI banking, MSME banking
and corporate banking. Under personal
banking, it offers a variety of financing
options such as home loans, car loans,
educational loans, loans for pensioners,
38
rural housing finance among others.

Under agriculture & rural banking, it offers
various financing options and schemes
such as Estate Purchase Loan scheme,
Kisan Gold Card scheme, Patiala Bank Kisan
Card (PBKC) scheme etc. Under corporate
banking, it offers various products namely
Khata, KhataPlus, Vyapaar and Vistaar;
each catering to the various types of
corporates. In 2013, the bank launched
a revised version of corporate internet
banking viz., CINB SARAL to enable hassle
free and safe online transactions such as
funds transfer, third party transfer, tax
payments, merchant transactions etc.
D&B D-U-N-S 86-220-7669

Total Income (` mn)
Net Profit (` mn)
103,231
6,668
1,624,719
Total Assets (` mn)
1,085,506
2.37

(` mn)
113.5
CRAR Basel II (%)
11.12
C-D Ratio (%)
4.52
1.62

P.B. No. 34, Poojapura, Trivandrum - 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
part of SBI and a member of the State
Bank Group and acquired its present
name. SBT mainly operates in segments
such as personal banking, NRI banking,
corporate banking, MSME and agriculture
banking. Under personal banking, SBT
provides various deposit schemes, personal
finances, PPF, reverse mortgage loan. SBT
through its NRI banking division provides
various benefits to clients including, NRI
deposit schemes, NRI platinum account,
loans for NRIs etc. The corporate banking
business includes financing to trades and

services, advances to large corporates,
current accounts services. SBT also provides
various products for MSME and agricultural
financing. SBTs some other value added
services includes demat services with NSDL
and custodial services etc. The bank also
operates in insurance business through
its subsidiary SBI Life Insurance Co. and
SBI General Insurance. Recently in FY13;
SBT launched new schemes such as SBT
Contractor Plus, SBT Vyapar Mithra and
SBT MSME Gold loan amongst others.
SBT operated through a network of 1,013
branches and 965 ATMs as on Mar 31,
2013.
D&B D-U-N-S 65-007-9668

92,879
Total Income (` mn)
6,150
Net Profit (` mn)

1,521,073
Total Assets (` mn)
1,015,793
2.27

(` mn)
125.9
CRAR Basel II (%)
11.70
C-D Ratio (%)
5.37
1.46
Syndicate Bank
Door No. 16/355 & 16/365A, Manipal, Udupi - 576104, Karnataka
Website: www.syndicatebank.in
Business Profile
Syndicate Bank (Syndicate Bank) 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 1962,
the bank forayed into foreign exchange
business and the name of the bank changed
to Syndicate Bank Ltd in 1963. In 1969,
when Syndicate Bank was nationalized, it
had a network of 306 branches. In 1976,
the bank opened its first overseas branch
at London. Syndicate Bank offers a range
of deposit products, NRI banking, mutual
fund, loan products and cash management
services to its clients. The bank also offers

variety of insurance products such as TATA
AIA Total Suraksha Plan and SyndSuraksha
a group life insurance scheme in association
with TATA AIA Life Insurance Co. and LIC
respectively. In FY13, the bank introduced
new product named SyndNavaratna, a
saving account with multiple benefits.
During the same period, Syndicate Bank
tied up with PIAGGIO Vehicles Pvt Ltd for
financing vehicles to SMEs through its
SyndMSE Scheme. During FY13, the bank
added 215 branches, taking the total
number of branches to 2,934, including
one overseas branch at London.
D&B D-U-N-S 86-218-7478

Total Income (` mn)
182,950
20,044
Net Profit (` mn)

3,329,249
Total Assets (` mn)
2,151,223
2.74

(` mn)
125.7
CRAR Basel II (%)
12.59
C-D Ratio (%)
4.37
0.76

57, V. E Road, Tuticorin - 628002, TN
Website: www.tmb.in
Business Profile
Tamilnad Mercantile Bank Ltd (TMB)
was registered as Nadar Bank Ltd in
1921. In 1993, the bank established its
first currency chest at Madurai and has
industrial finance branches in TN and AP.
TMB primarily offers personal banking,
NRI and international banking services and
business and corporate banking services.
The bank offers home loan, personal loan,
car loan, educational loan and business
loans like SME financing, mortgage loans,
vehicle loans among others. The bank
also provides forex and NRI services in
the form of NRI, NRE and FCNR accounts.
TMB also provides various other services
like depository services, RTGS and NEFT

for interbank fund transfer services to its
customers. In FY13, the bank operated
through 356 branches and 591 ATMs.
During FY13, the bank tied up with United
India Insurance Company to launch TMB
UNI Family Health Care Policy, Sundaram
Asset Management Company Ltd for
distribution of mutual fund products and
with UAE Exchange Centre to provide
Money 2 Anywhere remittance facility
for overseas customers. During the same
period, the bank also launched products
such as Foreign Currency Travel Card and
TMB Money Transfer Scheme.
D&B D-U-N-S 65-066-0012

Total Income (` mn)
Net Profit (` mn)
27,191
4,403
364,798
Total Assets (` mn)
236,843
3.91

(` mn)
113.3
CRAR Basel II (%)
15.01
C-D Ratio (%)
4.54
0.66
39
UCO Bank
10, B T M 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.
The bank was nationalised by the GoI in
1969 by acquiring 100% ownership in the
bank. In 1985, the bank acquired its present
name by an act of parliament. UCO offers a
wide range of product & services including
personal banking, corporate banking,
international and rural banking. In personal
and corporate banking, the bank offers a
wide variety of deposit and loan schemes
for its clients. UCOs international banking
includes NRI banking, foreign currency
loans, finance to exporters and importers,
remittances, forex and treasury services
and resident foreign currency (domestic)

deposits among others. The Bank also
provides Public Provident Fund Schemes
in association with GoI. During FY13, the
bank launched several new schemes such
as UCO Kisan bhoomi Vridhi Scheme, UCO
Kisan Tatkal Scheme, UCO Dhan-Laxmi
Deposite Scheme, UCO veer Shakti a special
saving bank product scheme and UCO
Estate Purchase Loan Scheme amongst
others. During the same period, the bank
launched a customized current account
product, namely UCO Care. In FY13, the
bank expanded its network by introducing
220 new branches and 497 new ATMs.
D&B D-U-N-S 65-009-5433

Total Income (` mn)
177,039
6,182
Net Profit (` mn)

3,017,139
Total Assets (` mn)
1,986,514
2.42

(` mn)
118.9
CRAR Basel II (%)
14.15
C-D Ratio (%)
3.29
3.17
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 Nov 1919 and
was nationalized in 1969. Union Bank
primarily offers personal banking, NRI
and international banking, corporate
banking, MSME banking and rural & agri
finance and other banking services to
its clients. It operates in four different
segments namely treasury operations,
retail banking, corporate and wholesale
banking and other banking operations.
The personal banking products offered
by the bank include savings & deposit
accounts; retail loan schemes, insurance
& investment plans etc. Under corporate
banking, it provides cash management

services, deposits, credit, loan syndication,
treasury products etc. to corporates. In
FY13, the bank tied up with Western
Union Money Transfer for faster delivery
of cash remittances. In FY13, it adopted
new branch model UnionXperience that
provides better ambience to customers and
model changes have been incorporated in
the front office and back office. As on Mar
31 2013, 251 bank branches were modeled
as UnionXperience branches. In FY13, UBI
opened 310 new branches including 309
domestic and one international branch
and added 802 ATMs.
D&B D-U-N-S 65-008-2340

Total Income (` mn)
276,767
21,579
Net Profit (` mn)

4,718,638
Total Assets (` mn)
3,118,608
2.63

(` mn)
121.5
CRAR Basel II (%)
11.45
C-D Ratio (%)
4.08
1.61

United Tower, 11, Hemanta Basu Sarani, Kolkata - 700001, WB
Website: www.unitedbankofindia.com
Business Profile
United Bank of India (UBI) was formed
in 1950 as United Bank of India Ltd after
four banks merged together viz, Comilla
Banking Corporation Ltd, Bengal Central
Bank Ltd, Camilla Union Bank Ltd and
Hooghly Bank Ltd. United Bank was
nationalized in 1969. The bank operations
are classified into four segments viz.
treasury operations, international banking,
corporate and wholesale banking, retail
banking. In FY13, the bank launched new
retail loan products such as United Gold
Loan Scheme, United Mortgage Loan,
and United Cash Rental etc. The Bank is
registered as a DP with CDSL and offers
40
demat services to its clients. In FY13, the

banks tied up with Accenture Ltd. as a
consultant for productivity enhancement
and business excellence to strengthen
its risk management system. The Bank in
association with Tata AIA and Bajaj Allianz
Insurance offers life and non-life insurance
products. In FY13, the bank opened 49
new branches taking the total number of
branches to 1,729 as on Mar 31, 2013.
During the same year, the bank launched
U-Connect an internet based trading facility
in association with Calcutta Stock Exchange
Ltd to integrate the banks savings/current
account with the demat services along
with the facility to trade online.
D&B D-U-N-S 86-246-9538

Total Income (` mn)
Net Profit (` mn)
103,181
3,919
1,695,602
Total Assets (` mn)
1,146,151
2.30

(` mn)
108.3
CRAR Basel II (%)
11.66
C-D Ratio (%)
3.82
2.87
Vijaya Bank
41/2, Trinity Circle, MG 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 SCB. During the period of 196368 Vijaya Bank merged with nine smaller
banks. Vijaya bank was nationalised in
April 1980. Vijaya Banks product portfolio
includes savings & deposits, loan products,
NRI services, cards services and remit and
collection services. The bank provides
advances to infrastructure and agricultural
segments, SMEs, weaker sections, SHGs,
women and minority community. The
bank also provides merchant banking,
depository, cash management and money
transfer services. In FY13, the bank

launched several deposit products such
as V-Abivridhi, V-Vaibhav, V-Samman,
V-Parivar etc. During the same year, the bank
entered into corporate agency agreement
with LIC for life insurance business and
United India Insurance Company Ltd for
non-life insurance business. The bank also
launched some value added schemes such
as Vijaya Kisan Home Loan, V-Epass book
and SME Vijay during the year. During
FY13, the bank launched six new branches
and opened 52 new ATMs, taking the total
number of branches and ATMs to 1,463
branches and 1,053 ATMs.
D&B D-U-N-S 65-007-9858

96,589
Total Income (` mn)
5,856
Net Profit (` mn)

1,667,830
Total Assets (` mn)
1,109,818
1.82

(` mn)
124.0
CRAR Basel II (%)
11.32
C-D Ratio (%)
4.04
1.30
Yes Bank Limited

Nehru Centre, 9th Floor, Discovery of India, Dr. AB Road, Worli, Mumbai - 400018, Maharashtra
Website: www.yesbank.in
Business Profile
Yes Bank Ltd (Yes Bank), was
incorporated in Nov 2003 and commenced
its operations in 2004. Yes Bank primarily
operates through three verticals namely
branch banking, business banking and
retail banking & knowledge banking.
Under branch banking segment, it provides
various financial products to individuals and
non-individuals including savings, current,
fixed deposits, capital market services
etc. The business banking unit caters to
all the financial and service requirements
of SMEs across various product segments
like financial markets, transaction banking,
trade and corporate finance etc. The bank
also provides some wealth management

services like life and general insurance,
mutual funds and portfolio management
services, demat accounts etc. In FY13, it
launched new products like Incredible
India Travel Card, YES Swarn, gold bullion
distribution and mobile payments. Other
services offered to the clients include,
Immediate Payment Service (IMPS), an
instant Interbank electronic fund transfer
service, M-POS is a mobile phone-based
merchant acquiring Service etc. In May
2013, the bank signed a MoU with
International Finance Corporation to boost
international trade opportunities.
D&B D-U-N-S 91-863-0500

Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
95,514
13,007
1,139,552
991,041
2.57

(` mn)
177.4
CRAR Basel II (%)
18.30
C-D Ratio (%)
4.99
0.01
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
41
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
42
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
43
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
D&B D-U-N-S
Total Income (` mn)
Net Profit (` mn)
Total Assets (` mn)
(` mn)
CRAR Basel II (%)
C-D Ratio (%)
44
NBFCs / FIs / Financial

Services

Sr No
Company Name
10
11
BSE Limited
12
Can Fin Homes Limited
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
IDFC Limited
47
48
Sr No
Company Name
35
IFCI Limited
36
IKF Finance Limited
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
L&T Finance Limited
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
Sr No
Company Name
73
74
PNB Gilts Limited
75
76
77
78
79
80
81
82
83
84
85
86
87
SBI Dfhi Limited
88
89
90
91
SICOM Limited
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
VLS Finance Limited
107
108
49

Sr No
Company Name
Total Income (` mn)
211,476.2
172,725.5
135,188.6
128,834.2
IDFC Limited
77,764.9
76,588.8
65,635.9
59,795.5
55,515.4
10
54,012.1
11
53,871.4
12
47,062.0
13
44,759.2
14
41,403.6
15
38,946.9
16
38,680.0
17
32,874.4
18
31,113.7
19
30,830.1
20
30,304.1
21
29,232.4
22
28,346.6
23
IFCI Limited
27,593.0
24
27,008.6
25
25,556.8
26
VLS Finance Limited
23,221.4
27
22,641.3
28
22,616.8
29
22,587.3
30
21,317.8
31
L&T Finance Limited
20,793.9
32
18,656.9
33
17,551.0
34
16,939.8
51
52

Sr No
Company Name
Total Income (` mn)
35
16,844.9
36
16,664.7
37
16,061.5
38
15,997.8
39
15,811.4
40
SICOM Limited
10,015.0
41
9,631.9
42
9,301.0
43
8,000.5
44
7,451.5
45
7,295.6
46
7,200.1
47
6,614.4
48
6,504.5
49
5,539.0
50
4,753.5
51
4,113.6
52
4,059.7
53
4,050.3
54
Canfin Homes Limited
3,926.9
55
3,484.9
56
SBI Dfhi Limited
3,182.2
57
BSE Limited
3,119.7
58
2,902.4
59
PNB Gilts Limited
2,886.5
60
2,865.2
61
2,844.2
62
2,689.7
63
2,447.3
64
2,339.3
65
2,208.1
66
2,190.4
67
2,158.2
68
2,061.7
69
2,006.7
70
1,965.7
71
1,824.0
72
1,568.7
Sr No
Company Name

Total Income (` mn)
73
1,522.5
74
1,453.9
75
1,431.7
76
1,287.2
77
1,221.5
78
1,209.3
79
1,176.6
80
1,154.6
81
1,105.3
82
1,072.2
83
1,064.8
84
1,044.9
85
1,032.1
86
949.0
87
943.3
88
887.9
89
832.6
90
712.0
91
698.3
92
696.6
93
677.9
94
561.9
95
456.3
96
IKF Finance Limited
427.9
97
417.5
98
415.9
99
396.2
100
385.3
101
350.3
102
346.6
103
331.5
104
330.3
105
317.9
106
312.5
107
295.2
108
271.9
53

30-39, Free Press House, 3rd Floor, Free Press Journal Marg, Nariman Point, Mumbai 400021, Maharashtra
Website: www.akcapindia.com
Business Profile
A. K. Capital Services Limited (A. K.
Capital) was incorporated in the year 1993
as A. K. Capital Services Private Limited
which later on acquired its present name
in 1994. The company got registered with
Securities and Exchange Board of India
(SEBI) as Category I Merchant Banker in the
year 1998. Under merchant banking the
company provides corporate debt raising
through private placement of bonds and
debentures, initial public issue of bonds
and debentures, project financing, working
capital financing, financial advisory etc. The
group consists of 4 subsidiaries namely A.
K. Stockmart Private Limited, A. K. Capital
Corporation Private Limited, A. K. Capital

Finance Private Limited and A. K. Wealth
Management Private Limited. The company
provides broking services, IPO distribution,
third party product distribution and
depository services through its subsidiary
A. K. Stockmart Private Limited. The
company conducts its non-banking finance
activities such as lending to corporates,
investment and trading in debt securities
and investment in shares through its nonbanking finance subsidiary A. K. Capital
Finance Private Limited. The company also
offers structured products, venture capital
services, retirement trust solutions and
project finance.
D&B D-U-N-S 91-658-3620

Service Offerings
Project Finance, Working Capital, Financial
Advisory
Total Income (` mn)
1,105.3
316.7
Net Profit (` mn)

TI Growth (%)
(22.99)
1.90
NP Growth (%)
28.65
NPM (%)

Indian Rayon Compound, Veraval - 362 266, Gujarat
Website: adityabirlafinance.com
Business Profile
Aditya Birla Finance Limited (ABFL),
previously known as Birla Global Finance
Limited was incorporated in 1991 and is a
part of the Aditya Birla Financial Services
Group (ABFSG). The company offers
specialised solutions in the areas of capital
market and corporate finance; and also
offers customized lending and financing
solutions in areas of commercial real estate
& mortgages and infrastructure project &
structured finance. The products offered
under the capital markets group comprises
of loan against shares and securities, IPO
and Promoter financing, margin funding,
ESOP financing, etc. The corporate finance
group offers products such as bill/invoice

discounting, vendor/channel financing,
debt syndication etc. to the SMEs and large
corporate clients. Under the commercial real
estate & mortgages division, the company
offers loan against property, lease rental
discounting, construction finance and
commercial property purchase loan. Under
the project and structured finance group,
the company offers project and structured
finance solutions to the infrastructure, core
and emerging sectors.
D&B D-U-N-S 86-331-8293

Service Offerings
Corporate Finance, Real Estate & Infrastructure Finance
Total Income (` mn)
7,200.1
Net Profit (` mn)
1,003.0
TI Growth (%)
105.40
NP Growth (%)
78.38
NPM (%)
13.93

5, Ground Floor, Yeshwant Colony, Indore 452003, Madhya Pradesh
Website: www.admanumfinance.com
Business Profile
Ad-Manum Finance Ltd (Ad-Manum),
a flagship company of Agarwal group,
was incorporated in May 1986 as Agarwal
Warehousing & Leasing Ltd. The company
went public and acquired its present name
in 1992. The company is primarily engaged
in providing financial services. Ad-Manum
provides short and medium term advances
in the form of loan, hire purchase finance,
bill discounting, factoring through channel,
DSA business etc. The company is mainly
engaged in the financing of commercial
vehicles including Heavy Commercial
Vehicles (HCV), Medium Commercial
Vehicles (MCV), Light Commercial Vehicles
54
(LCV), Multi Utility Vehicles (MUV) and

Three Wheelers (TW). Ad-Manum currently
has 24 marketing offices in the states of
Maharashtra, Gujarat, Madhya Pradesh
and Rajasthan.
D&B D-U-N-S 91-847-0894

Service Offerings
Short & Medium Term Finance, Vehicle
Finance
Total Income (` mn)
Net Profit (` mn)
331.5
82.7
TI Growth (%)
24.91
NP Growth (%)
60.58
NPM (%)
24.93

5-9-194, Post Box No. 165, Chirag Ali Lane, Hyderabad 500001, Andhra Pradesh
Website: www.apsfc.com
Business Profile
Andhra Pradesh State Financial
Corporation (APSFC) was formed as a
merger between Andhra State Financial
Corporation and Hyderabad State Financial
Corporation and was incorporated in 1956
under the provisions of the State Financial
Corporations Act, 1951. APSFC is primarily
involved in promoting micro, small
and medium scale industries in Andhra
Pradesh. APSFC offers fund based products
including term loans, medium term loans
and doctor loans for acquisition of fixed
assets and capital assistance. Under term
lending, the corporation extends term loans
for acquiring fixed assets such as land,
building and machinery. As a part of its

MSME lending initiatives, the corporation
also extends higher working capital loans
to the deserving MSME units. In non-fund
based services, APSFC offers the services
including marketing of insurance products,
fixed deposits, valuation of assets, internal
audit services and intermediary services
for signing of MoUs between different
institutions among others. In order to
extend financial assistance for bigger
projects, the corporation has entered
in to MoU with SIDBI and five leading
nationalized commercial banks.
D&B D-U-N-S 65-020-0090

Service Offerings
Term Loans, MSME Loans, Doctors Loans

Total Income (` mn)
4,113.6
Net Profit (` mn)
633.5
TI Growth (%)
11.78
NP Growth (%)
(7.28)
NPM (%)
15.40

4th Floor, Bajaj Finserv Corporate Office, Viman Nagar, Pune-411 014. Maharashtra
Website: www.bajajfinservlending.in
Business Profile
Bajaj Finance Ltd (BFL), a Bajaj group
company and a subsidiary of Bajaj Finserv
Ltd was incorporated in 1987 as Bajaj
Auto Finance Pvt Ltd. The company is a
registered Non-banking finance company
mainly engaged in consumer finance, SME
finance and commercial lending. Under
consumer finance segment, the company
offers wide range of financing products
including consumer durables finance,
lifestyle finance, EMI card, co-branded
credit cards, two and three wheeler
finance and personal loans. Under SME
finance vertical, the company provides loan
against property, working capital loans and
loan against securities. Under commercial

lending, the company offers construction
equipment finance, infrastructure finance
and vendor financing services. The company
has its presence in 91 cities through 578
Bajaj dealers and more than 2,130 of its
sub-dealers spanning across the country.
The company operates through direct
cash collection model in rural and semiurban markets for customers with no
banking habits. During FY13, the company
launched a new product called Kisan Mitra
for farmers.
D&B D-U-N-S 65-064-1012

Service Offerings
MSME Finance, Consumer Finance, Commerical Finance
Total Income (` mn)
Net Profit (` mn)
31,113.7
5,913.1
TI Growth (%)
43.26
NP Growth (%)
45.49
NPM (%)
19.00

Bajaj Auto Ltd Complex, Mumbai-Pune Road, Pune 411035, Maharashtra
Website: www.bajajfinserv.in
Business Profile
Bajaj FinServ Ltd (Bajaj FinServ), a
Bajaj group company, was formed in Apr
2007, pursuant to the demerger of Bajaj
Auto Ltd. The company was registered in
2009 as non-banking financial institution.
Bajaj FinServ is primarily engaged in life
insurance; general insurance and consumer
finance businesses along with wind-energy
generation. Under its finance business,
the company undertakes its lending
business through its associate company,
Bajaj Finance Ltd (BFL), which comprises
consumer durable and personal loans,
SMEs loan against property, construction
equipment loans, two and three wheeler
financing etc. under the brand Bajaj Finserv.

Under the protection business Bajaj FinServ
provides general insurance catering to
individuals and businesses encompassing
auto, travel, health, property and business
insurance through its JV companies. Bajaj
Financial Solutions Ltd, a 100% subsidiary
of Bajaj Finserv, provides financial advisory
and wealth management services to the
individuals and commenced operations in
2011.
D&B D-U-N-S 67-637-3836

Service Offerings
Consumer Finance, General & Life Insurance

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
1,522.5
508.4
5.60
(33.60)
33.39
55

Mumbai Pune Road, Akurdi, Pune 411035, Maharashtra
Website: www.bajajauto.com
Business Profile
Bajaj Holdings And Investment Ltd
(BHIL), a Bajaj group company and formerly
known as Bajaj Auto Ltd was de-merged in
2007, whereby its manufacturing busisness
was transferred to Bajaj Auto Ltd and its
strategic business consisting of wind farm
business and financial services business was
transferred to Bajaj Finserv. The company
is registered as a non-deposit taking
Non-Banking Financial Company (NBFC)
and is primarily involved in investment
business. The company is a key investor
in Bajaj Auto Ltd and Bajaj Finserv Ltd
which are its associate companies, Bajaj
Auto Holdings Ltd which is its subsidiary
company and Maharashtra Scooters Ltd

which is a JV between BHIl and Western
Maharashtra Development Corporation
Ltd. In addition to these group companies,
the company also invests in a mix of equity
& equity related securities and fixed income
securities such as bonds, fixed deposits,
money market instruments, liquid funds
and FMPs. Few of the key investments
made by the company include ICICI Bank,
Axis Bank, BHEL and BSE among others.
D&B D-U-N-S 65-005-0578

Service Offerings
Equity & Fixed Income Securities Investment

Total Income (` mn)
7,451.5
Net Profit (` mn)
6,633.3
TI Growth (%)
14.57
NP Growth (%)
16.89
NPM (%)
89.02
Balmer Lawrie Investment Limited

21, Netaji Subhas Road, Kolkata 700001, West Bengal
Website: www.blinv.com
Business Profile
Balmer Lawrie Investment Ltd (BLIL)
is a government of India enterprise and
was incorporated in 2001 as a result of
planned deregulation of oil sector by
Indian government and the subsequent
disinvestment of government stake
in IBP Co Ltd. In consequence to such
disinvestment, the shareholding of IBP Co
Ltd in its subsidiary Balmer Lawrie & Co
Ltd was de-merged in favour of BLIL. BLIL
is a holding company of Balmer Lawrie &
Co. Ltd (BL) and is a registered NBFC with
RBI. The company does not conduct any
business other than acquiring the shares
of Balmer Lawrie & Co Ltd, from IBP Co
Ltd and subsequent disinvestment of

these shares. As such, the revenue of the
company is dependent upon two aspect,
one being, amount of dividend received
from its subsidiary, Balmer Lawrie & Co.
Ltd and the other being the interest
received from deployment of surplus
funds with scheduled commercial banks.
The company is listed on BSE and Calcutta
Stock Exchange Ltd.
D&B D-U-N-S 92-118-3054

Service Offerings
Investment Holding Company

Total Income (` mn)
330.3
Net Profit (` mn)
311.2
TI Growth (%)
8.64
NP Growth (%)
9.45
94.22
NPM (%)
Bengal and Assam Company Limited

Link House, 3, Bahadur Shah Zafar Marg, New Delhi 110002
Website: www.bengalassam.com
Business Profile
(BACL) is a public limited company and
was incorporated under the name of
Bengal & Assam Investors Limited in 1947.
The company was incorporated under the
Companies Act 1913 in the state of West
Bengal and acquired its current name in
1982. The company is primarily involved in
the investment business and is a registered
as a NBFC with the Reserve Bank of India
(RBI). The equity shares of the company are
listed on Bombay Stock Exchange Ltd. (BSE).
BACL since its inception is primarily engaged
in the business of holding investments and
other financial assets of group companies.
56
Its income comprises of dividends received

from investee companies, interest income,
rental income, etc. The company has
number of subsidiaries including Fenner
(India) Ltd, Southern Spinners & Processors
Ltd, Modern Cotton Yarn Spinners Ltd,
Acorn Engineering Ltd, BMF Investments
Ltd, Panchmahal Properties Ltd, LVP Foods
Pvt Ltd and Divyashree Company Pvt Ltd.
D&B D-U-N-S 65-041-2245

Service Offerings

Total Income (` mn)
295.2
Net Profit (` mn)
125.8
TI Growth (%)
NP Growth (%)
NPM (%)
4.68
(14.15)
42.60
Mundhwa, Pune Cantonment, Pune 411 036, Maharashtra
Website: www.kalyanigroup.com
Business Profile
BF Investment Limited (BFIL) is a nondeposit taking core investment company, as
defined in the Core Investment Companies
(Reserve Bank) Directions, 2011. The
company is a part of Kalyani Group. BFIL
was formed by demerging investment
business of BF Utilities Limited by way of a
composite scheme of arrangement. Under
the said business restructuring, investment
business was transferred to BF Investment
Ltd. The company has investments in
major listed companies including Kalyani
Steels Limited (39.06%), Automotive Axles
Limited (35.52%) and Bharat Forge Limited
(2.61%). The company also has investments
in unlisted companies like KSL Holding

(49.99%), Meritor HVS (49%) and 15.19%
shareholding in Khed Economic (SEZ). The
performance of BFIL largely depends on
the performance of the entities in which it
holds investments. BFIL, therefore, closely
monitors the working of all these entities.
D&B D-U-N-S 85-916-5280

Service Offerings

Total Income (` mn)
385.3
Net Profit (` mn)
263.7
TI Growth (%)
(23.83)
NP Growth (%)
(39.37)
68.44
NPM (%)
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001, Maharashtra
Website: www.bseindia.com
Business Profile
Formerly known as Bombay Stock
Exchange Ltd, BSE Ltd (BSE) was
established in 1875 as The Native Share
& Stock Brokers Association and is one
of Asias first stock exchange and one
of Indias leading exchange group. BSE
offers platform for trading in equity, debt
instruments, derivatives and mutual funds
to the market participants. In addition it
offers a host of other services such as risk
management, clearing, settlement, market
data services and education and training
services. To enhance the flow of finance to
the SME segment, BSE launched BSE-SME
Exchange platform in 2012 and in 2013
entered in strategic partnership with S&P

Dow Jones Indices. To enhance the quality
of services offered, the exchange launched
internet enabled trading platform and
mobile based trading. FASTRADE is one
such technology enabled service offered by
BSE that enables the user to watch market
prices and execute orders in multiple
exchanges and markets instantaneously
by real time price streaming. In addition,
the exchange also provides various training
and certifications through its subsidiary
BSE Institute Ltd.
D&B D-U-N-S 65-009-1705

Service Offerings
Trading Platform, Clearing, Settlement, Risk
Management
Total Income (` mn)
3,119.7
295.5
Net Profit (` mn)

TI Growth (%)
NA
NP Growth (%)
NA
9.47
NPM (%)
CanFin Homes Limited

No.29/1, I Floor, Sir M N Krishna Rao Road, Basavanagudi, Bengaluru - 560004, Karnataka
Website: www.canfinhomes.com
Business Profile
CanFin Homes Ltd (CFHL), was
incorporated
in
1987
under
the
sponsorship of Canara Bank, in association
with financial institutions such as HDFC
and UTI. The company was set up with the
objective of promoting home ownership
and provides housing loans for multiple
requirements. The company offers a wide
range of products under the housing loans,
non-housing loans and deposit schemes.
Under the housing loan, CFHL offers loan
for rural housing, loans under urban
housing, housing loans for individuals and
home loans for NRIs. The non-housing
loans offered by the company include
personal loan, site loan, mortgage loan,

loan against property, child education loan
and flexi LAP. The company also offers
various deposit schemes including fixed
deposits, cumulative deposits, fixed deposit
schemes for senior citizens, cumulative
deposit scheme for senior citizen, Canfin
Trust Fixed Deposit scheme and Canfin
Trust Cumulative Deposit scheme. The
company operates through a network of
69 branches spread across major cities of
the country including 17 new branches
that were opened during FY13.
D&B D-U-N-S 91-533-3715

Service Offerings
Housing Finance

Total Income (` mn)
3,926.9
Net Profit (` mn)
541.2
TI Growth (%)
36.91
NP Growth (%)
23.68
NPM (%)
13.78
57

IndiaBulls Finance Centre, Tower II, 15th floor, Senapati Bapat Marg, Elphinstone Road (W), Mumbai - 400 013, Maharashtra
Website: www.capfirst.com
Business Profile
Capital First Limited (CFL) is a public
company incorporated in 2005 under
the provisions of the Companies Act
1956 and was formerly known as Future
Capital Holdings Limited. The company is a
registered non-deposit taking Non-Banking
Financial Company (NBFC). CFL is a provider
of financial service across consumer and
wholesale business. The company offers
a comprehensive product suite to meet
multiple financial needs of customers
including consumer lending and corporate
lending. The company offers various types
of loans including loan against property,
gold loan, two wheeler loan, durable loan
and personal loan. It has also tied up Future

Generali India Life Insurance Company Ltd
to offer life insurance products and with
Future Generali India Insurance Company
Ltd to offer general insurance products to
its customers. For corporates, the company
offers products and services including
working capital finance, real estate and
developer funding, term loan syndication
services, external commercial borrowings,
equity financing and structured finance.
D&B D-U-N-S 86-024-1268

Service Offerings
Consumer Finance, Coporate Finance, General & Life Insurance
Total Income (` mn)
8,000.5
Net Profit (` mn)
697.7
TI Growth (%)
13.84
NP Growth (%)
(24.32)
8.72
NPM (%)

1-B, Court Chambers, 35 Sir Vithaldas Thackersey Marg, New Marine Lines, Mumbai-400020, Maharashtra
Website: www.cgcl.co.in
Business Profile
Capri Global Capital Limited (CGCL)
an Indian Non-Banking Finance Company
(NBFC) operating since 1997. The company
is registered with Reserve Bank of India
(RBI) and listed on both the Bombay Stock
Exchange (BSE) and the National Stock
Exchange (NSE). CGCL primarily operates
in asset financing and lending business.
The wholesale lending business segment
provides specialized and holistic solutions
to Indian corporates with initial funding,
mezzanine financing, acquisition financing
etc. In 2012, the company forayed into
SME and retail lending business with
special focus on priority sector lending.
Under wholesale lending segment, the

company offers project funding, acquisition
financing,
receivables
discounting,
corporate loan, and structured debt
financing. The company also offers loans
to the MSME sector, which includes loans
for purchase of machinery and equipment,
term loans for funding equipment &
machinery purchases and secured short
term working capital loans. Other loan
products offered by CGCL include term
loans against property, loans for purchase
of commercial property and lease rental
discounting.
D&B D-U-N-S 65-070-7172

Service Offerings
Asset Finance, Corporate Finance, MSME
Finance
Total Income (` mn)
18,656.9
742.7
Net Profit (` mn)

TI Growth (%)
226.05
NP Growth (%)
84.43
3.98
NPM (%)

17th Floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001, Maharashtra
Website: www.cdslindia.com
Business Profile
Central Depository Services (India)
Ltd (CDSL) commenced its business in
July 1999 following the procurement of
certificate of commencement from SEBI
in the same year. CDSL was promoted
by BSE Ltd in association with some of
the banks including Bank of India, Bank
of Baroda, State Bank of India, HDFC
Bank and Standard Chartered Bank 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
58
and certificate of deposits among others.

CDSL has established connections with
all the leading stock exchanges in India
including BSE Ltd, National Stock Exchange
of India Ltd and MCX Stock Exchange Ltd
among others. CDSL operates with a wide
network Depository Participants (DPs)
from more than 10,000 sites across India
and also offers online depository service to
investors.
D&B D-U-N-S 67-559-4757

Service Offerings
Depository Services

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
1,044.9
410.9
2.19
(13.42)
39.33

Centrum House, C.S.T. Road, Vidyanagari Marg, Kalina, Santacruz (East), Mumbai 400 098, Maharashtra
Website: www.centrum.co.in
Business Profile
Centrum Capital Ltd (CCL), a flagship
company of the Centrum group, is a
category I Merchant Banker registered
with the SEBI. The company is engaged
in providing equity capital market, private
equity, corporate finance, projects finance,
stressed asset resolution and a complete
range of financial services. CCLs distribution
reach extends across 88 locations within
India and also has global footprint in Dubai
and Hong Kong. CCL offers investment
banking services in equity and debt
market, capital market solutions, merger &
acquisition advisory, private equity advisory
and structured finance advisory under the
equity investment banking. Under the debt

investment banking, it offers corporate
credit, debt restructuring, stressed asset
solution and debt placement. It also
provides broking services to institutional
and non-institutional investors, portfolio
management,
project
management,
and planned acquisition solutions to the
infrastructure & realty industry. Other
services offered by the company include
wealth management services, forex
services, visa services and tours & travel
services.
D&B D-U-N-S 67-643-0841

Service Offerings
Merchant Banking

Total Income (` mn)
712.0
Net Profit (` mn)
137.1
TI Growth (%)
18.17
LP
NP Growth (%)
19.26
NPM (%)

Dare House No. 2, N.S.E. Bose Road, Parrys Chennai -600001, Tamil Nadu
Website: www.cholamandalam.com
Business Profile
Cholamandalam
Investment
and
Finance Company Ltd (CIFCL), a Murugappa
group company, was incorporated in 1978
with the primary objective of offering asset
finance through leasing and hire purchase
to corporate. CIFCL offers comprehensive
financial services solutions to retail and
institutional customers across India and is
a registered non-banking finance company
and is primarily engaged in providing
vehicle finance, home equity loans,
business finance, gold loans, stock broking
services and wealth management services.
It also offers stock broking, mutual fund
and investment advisory services through
its various subsidiaries. The company

operates from over 533 branches across
India with assets under management
above ` 200 bn. During FY13, the company
opened 129 new branches and introduced
mobile-based applications to improve sales
productivity in VF business. It launched
a new product line of rural finance to
offer lending services to the farmer
community. In the fourth quarter of FY13,
CIFCL launched MSME loans including
bill discounting, working capital demand
loans, bridge loans, pre-shipment credit,
and term loans.
D&B D-U-N-S 65-020-0264

Service Offerings
Corporate Finance, Vehicle & Personal Loans

Total Income (` mn)
Net Profit (` mn)
25,556.8
3,065.5
TI Growth (%)
42.92
NP Growth (%)
77.66
NPM (%)
11.99
The Clearing Corporation of India Limited

CCIL Bhavan, College Lane, Off S K Bole Road, Dadar (West), Mumbai-400028, Maharashtra
Website: www.ccilindia.com
Background
The Clearing Corporation of India Ltd
(CCIL) was set up in Apr, 2001 providing
clearing and settlement for transactions
in Money, GSecs and Foreign Exchange. In
2005, the company commenced settlement
of cross-currency deals through the CLS
bank. CCIL is acting as a central counterparty
for the trades executed by its members and
extends settlement guarantee in terms of
bye-laws, rules and regulations for various
types of operations. xCCIL has developed
and manages the NDS-OM and NDS-CALL
electronic trading platforms for trading in
G-sec and call money. NDS-auction module
for treasury bills auction by RBI has been
developed by the company. CCIL also

introduced other products and tools such
as ZCYC, bond and T-Bills indices, sovereign
yield curve, benchmark reference rates like
CCIL-MIBOR/MIBID and CCBOR/CCBID, etc.
D&B D-U-N-S 91-844-7298

Service Offerings
Financial Clearing and Settlement

Total Income (` mn)
4,753.5
Net Profit (` mn)
2,646.5
TI Growth (%)
38.95
NP Growth (%)
47.94
NPM (%)
55.67
59

8/19, 3rd Floor, W.E.A., Pusa Lane, Karol Bagh, New Delhi - 110005, Delhi
Website: www.consec.in
Business Profile
Consolidated Securities Ltd (CSL) was
incorporated in 1992and came out with an
IPO in 1995. In 2005, Mundra Credit and
Investment Pvt Ltd acquired 42.6% stake in
the company. The company is a registered
as an NBFC with RBI and is mainly involved
in the business of investment and allied
activities. Consolidated Securities is a
publicly listed company and focuses
on secured lending in addition to the
proprietary investments. Thrugh proprietary
investments the company has bought
significant minority investments in listed
companies in India. Under secured lending,
the company mainly offers lending services
to the small or medium sized real-estate

sector and infrastructure development
sector entities. Other activities offered
under secured lending include buying and
selling in shares, debentures, bonds and all
types of securities. Under the proprietary
investments, the company makes strategic
investments in listed companies, works on
arbitrage opportunities, special situations
and also provides strategic advisory services
to companies.
D&B D-U-N-S 65-045-2464

Service Offerings
Investment Activities

Total Income (` mn)
1,064.8
42.0
Net Profit (` mn)

TI Growth (%)
(53.94)
NP Growth (%)
2.07
NPM (%)
3.95

6th Floor, HDIL Towers, Anant Kanekar Marg, Bandra (East), Mumbai 400051, Maharashtra
Website: www.dhfl.com
Business Profile
Dewan Housing Finance Corporation
Ltd (DHFL) was incorporated in 1984
and came out with an IPO in 1985. The
company was set up with the objective to
provide access to housing finance to lower
and middle income population. In 2011,
DHFL acquired First Blue Home Finance Ltd
from Deutsche PostBank Home Finance
Ltd. DHFL is mainly engaged in providing
housing loans and offers a wide range of
housing finance solutions. It also provides
various fixed deposit schemes. The loans
offered by the company includes home
loans, home improvement loans, home
construction loans, home extension loans,
home loans for self-employed, land loan,

construction composite loan, home loan
transfer services, loan against property,
non-residential property loans and NRI
home loans. The fixed deposit products
offered by the company include Ashray
Deposit Plus for individuals and institutions,
Swayamsidha Deposit and recurring
deposit scheme. DHFL also offers property
services to developers and home buyers.
DHFLs distribution network comprises of
12240 branches, 72 service centers, 2432
camps locations, eight regional processing
units, and four central processing units
offices.
D&B D-U-N-S 65-040-1524

Service Offerings
Housing Finance

Total Income (` mn)
Net Profit (` mn)
41,403.6
4,518.5
TI Growth (%)
67.65
NP Growth (%)
47.49
NPM (%)
10.91

Edelweiss House, Off C.S.T. Road, Kalina, Mumbai 400098, Maharashtra
Website: www. edelweissfin.com
Business Profile
Edelweiss Financial Services Ltd
(Edelweiss
Financial
Services)
was
incorporated in 1995 as Edelweiss Capital
Ltd and operations in 1996 as a SEBI
registered Category I Merchant Banker
governed by SEBI (Merchant Banking)
Regulations, 1992. In 2011, the company
acquired its present name. The companys
business verticals are broadly divided into
credit including retail finance and debt
capital markets, financial markets including
asset management, commodities and life
insurance. The company offers number of
credit products including corporate credit,
fixed income, retail credit, and housing
60
finance. Under the financial markets and

asset management Edelweiss Financial
Services offers investment banking, wealth
management, institutional broking, retail
Broking, insurance advisory, financial
planning, mutual funds and alternative
asset advisory services. The company also
offer life insurance scheme called Edelweiss
Tokio Life and also offers commodities
trading services. Ason March 31 2013, the
company caters to 450,000 through 211
offices in 106 cities in India and abroad.
D&B D-U-N-S 91-755-5781

Service Offerings
Corporate Finance, Retail Finance, Housing
Finance
Total Income (` mn)
Net Profit (` mn)
1,568.7
467.9
TI Growth (%)
(24.32)
NP Growth (%)
(31.83)
NPM (%)
29.83

Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400005, Maharashtra
Business Profile
Export-Import Bank of India (Exim
Bank) was incorporated in 1982 under the
Export-Import Bank of India Act to enhance
Indias export and also to integrate the
countrys foreign trade and investment
with the economic development. 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 buyers

credit. Services offered by EXIM Bank
include research & analysis, marketing
advisory services, export advisory services
and term deposit schemes. During FY13,
the bank has approved loan of ` 419.2 bn
and disbursed ` 406.3 bn as compared to `
444.1 bn and ` 370.5 bn of FY12. The loan
assets of Exim Bank have increased from `
538.9 bn in FY12 to ` 643.5 bn in FY13. In
terms of guarantees, the banks approvals
has increased from ` 27.6 bn in FY12 to
` 58.1 bn respectively in FY13, whereas
issuances increased from ` 13.6 bn in FY12
to ` 29.4 bn in FY13.
D&B D-U-N-S 65-007-8355

Service Offerings
Foreign Trade Finance

Total Income (` mn)
Net Profit (` mn)
59,795.5
7,423.2
TI Growth (%)
31.37
NP Growth (%)
9.96
12.41
NPM (%)

Technopolis, 7th Floor, Wing A, Plot No. 4, Block BP, Sector V, Salt Lake, Kolkata 700091, West Bengal
Website: www.familycreditindia.com
Business Profile
Family Credit Ltd (Family Credit) is a
registered non-deposit accepting NBFC
with RBI. L&T Finance Holdings Ltd acquired
the entire shares of the company from
Socit Gnrale Consumer Finance in Oct
2012. The company is mainly engaged in
financing to two wheelers, automobiles
and also providing personal loan. The
company also offers tailor-made loyalty
loans as per the customers requirement .
During FY13, the disbursement decreased
from ` 9.7 bn in FY12 to ` 9.5 bn, whereas
the contract has increased from 201,483 in
FY12 to 215,320 in FY13. During FY13, the
company acquired a portfolio (Car + LAS)
purchase of ` 4.3 bn from L&T Finance Ltd,

a fellow company.
D&B D-U-N-S 67-756-2299

Service Offerings
Vehicle and Personal Loans

Total Income (` mn)
3,484.9
Net Profit (` mn)
869.6
TI Growth (%)
42.99
NP Growth (%)
2,634.59
24.95
NPM (%)

C-6, Laxmi Tower, Bandra Kurla Complex, Bandra (E), Mumbai- 400051, Maharashtra
Website: www.fedfina.com
Business Profile
Fedbank Financial Services Ltd (Fedfina),
wholly owned subsidiary of The Federal
Bank Ltd, is a registered Non-Banking
Finance Company (NBFC) with Reserve
Bank of India (RBI) since August 2010. With
over 800 employees, Fedfina has 10 retail
loan hubs across India with multiple spoke
locations attached to some of the hubs.
The company also has 159 fully-operational
retail branches focusing on providing
gold loans. The company has the clients
in Tamil Nadu, Karnataka, Maharashtra,
Gujarat, New Delhi, Rajasthan, West
Bengal and Andhra Pradesh. Fedfinas
activities portfolio include direct marketing
of the retail asset products of parent bank

such as home laons, mortage loans, auto
loans; collection and loan recoveries; loans
against gold ornaments; loans against
property, home loan, personal car loan;
and distribution of third party products like
life insurance. During FY13, gross advances
increased to ` 4.6 bn as compared to ` 3.2
bn in the previous year. During the same
period, the companys retail disbursement
against gold ornaments stood at ` 9 bn,
registering a growth of around 29%.
During FY13, the companys gross NPA
and Net NPA (including technically written
off accounts) stood at 1.60% and 0.53%
respectively.
D&B D-U-N-S 65-058-5982

Service Offerings
Housing Finance, Vehicle and Personal Loans

Total Income (` mn)
887.9
Net Profit (` mn)
141.2
TI Growth (%)
NP Growth (%)
NPM (%)
135.59
LP
15.90
61
Finaventure Capital Ltd

Aanjaneya House, No. 34, Postal Colony, Chembur, Mumbai - 400071, Maharashtra
Website: www. finacaps.com
D&B D-U-N-S 85-916-5336
Business Profile
Finaventure Capital Ltd (Finaventure)
was incorporated on Jan 19, 1985 as
Streamlink Trading and Finance Company
Ltd and was granted the Certificate of
Commencement of Business on Jan 23,
1985. The name of the company was
changed to Aridhi Hi- Tech Industries Ltd
in 1990, Indusvista Ventures Ltd in 2007,
Finaventure Capital Ltd in 2009, Aasda
Life Care Ltd in 2010 and again adopted
the previous name of Finaventure Capital
Ltd in 2011. Finaventure is listed on BSE
and DSE. The company is an investment
company which makes the majority of its
investments in Aanjaneya Lifecare Ltd.
Service Offerings

Total Income (` mn)
317.9
Net Profit (` mn)
308.1
n.a.
TI Growth (%)
LP
NP Growth (%)
96.89
NPM (%)

749, Anna Salai, Chennai - 600002, Tamil Nadu
Website: www.firstleasingindia.com
Business Profile
First Leasing Company of India Ltd
(First Leasing) was incorporated in 1973 by
Mr. Farouk Irani. First Leasing commenced
hire purchase transaction in 1986 and
further diversified into consumer finance
during 1988. The company is engaged in
providing lease assistance, hire purchase
financing and loans. The company is also
engaged in wind power generation in
Gujarat. First Leasing was appointed as
financial consultant to Indian Railway
Finance Corporation. The company
provides its services to the companies from
IT & ITeS, banking, telecom, engineering,
energy, advertising & entertainment,
agro products and hospitality industry.

Some of its major clients include Citibank,
Johnson & Johnson, Volvo, Seimens Public
Communications, ABB, ANZ Grindlays, IDBI
Bank, TELCO, Knoll Pharmaceuticals, Bayer,
etc. The products offered by the company
include short term lease, long term lease,
operating lease, sale & leaseback, hire
purchase, consumer credit, inter corporate
deposit and fixed deposit. During FY13,
the companys CAR stood at 27.3% as
compared to 19.4% in FY12 and NPA was
zero.
D&B D-U-N-S 65-012-3334

Service Offerings
Short & Medium Term Finance, Consumer
Finance
Total Income (` mn)
2,447.3
Net Profit (` mn)
347.3
TI Growth (%)
14.71
NP Growth (%)
9.84
14.19
NPM (%)

Universal Insurance Building, 3rd Floor, Sir PM, Road, Fort, Mumbai - 400001, Maharashtra
Website: www.gichfindia.com
Business Profile
GIC Housing Finance Ltd (GICHFL)
was incorporated as GIC Grih Vitta Ltd in
1989 and acquired its present name in
1993. GICHFL was promoted by GIC of
India and its 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
UTI, ICICI, IFCI, HDFC and SBI. GICHFL is
exclusively in the business of housing
finance and revenues are mainly derived
from this activity. GICHFL has taken Special
Contingency Insurance with The New India
Assurance Company Ltd., which covers the
62
borrowers of the company with personal

accident insurance and mortgage property
insurance. GICHFL also tied up with Kotak
Mahindra Old Mutual Life Insurance Ltd for
the life cover of the borrowers to the extent
of the outstanding home loan. CAR of
the company stood at 14% in FY13 as
compared to 14.8% in FY12. During FY13,
new loans of ` 14.3 bn were approved and
disbursed ` 13.5 bn as compared to ` 10.7
bn and ` 9.9 bn for FY12 respectively. The
retail loan portfolio stood at ` 45.2 bn,
registering a growth of 17% as compared
to the previous year.
D&B D-U-N-S 91-533-8631

Service Offerings
Housing Finance

Total Income (` mn)
5,539.0
Net Profit (` mn)
850.3
TI Growth (%)
26.05
NP Growth (%)
44.02
NPM (%)
15.35
Gruh Finance Limited

GRUH Netaji Marg, Near Mithakali Six Roads, Ellisbridge, Ahmedabad - 380006, Gujarat
Website: www.gruh.com
Business Profile
Gruh Finance Ltd (Gruh Finance) was
incorporated in 1986 as Gujarat Rural
Housing Finance Corporation Ltd. The
company came with IPO in FY93 and
acquired its present name in FY96. It
became a subsidiary of HDFC in FY01. The
company is mainly engaged in housing
finance business. The company offers
various home loan products to its customers
including Gruh Suraksha, Gruh Suvidha,
Gruh Sajavat and Gruh Samruddhi. The
deposit plans offered by the company
are monthly income, quarterly income,
yearly income and cumulative growth.
Gruh Finance operates in seven states
namely Gujarat, Maharashtra, Karnataka,

Rajasthan, Madhya Pradesh, Chhattisgarh
and Tamil Nadu, through 134 retail outlets.
During FY13, the company disbursed `
21.7 bn as compared to ` 14.9 bn in FY12,
registering a growth of 45.6 %. As on Mar
31 2013, the loan asset stood at ` 54.4 bn
against ` 40.7 bn in FY12. During FY13,
CAR increased from 13.95% in FY12 to
14.6% in FY13. During the same period,
gross NPAs stood at 0.32% and net NPAs
were zero.
D&B D-U-N-S 85-806-2083

Service Offerings
Housing Finance

Total Income (` mn)
6,504.5
Net Profit (` mn)
1,458.8
TI Growth (%)
26.49
NP Growth (%)
21.22
NPM (%)
22.43

Ground Floor, Madhusudan Estate, Pandurang Budhkar Marg, Lower Parel - Mumbai 400013, Maharashtra
Website: www. hdbfs.com
Business Profile
HDB Financial Services Ltd (HDBFS)
was incorporated in 2007 promoted by
HDFC Bank. The company is engaged in
providing loans and selling of insurance
policies. Apart from this HDB Financial
also undertake BPO services for HDFC bank
The company offers unsecured loans and
secured loan Secured loans offered by the
company includes commercial vehicle loan,
construction equipment loan, car loans
and loans against property, securities, gold
ESOPS and shares. . The company offers
personal and business loan under unsecured
loan. HDBFS is a corporate agent for HDFC
Standard Life Insurance Company Limited
and HDFC Ergo General Insurance Company

Limited Under the insurance segment,
HDBFS offers life insurance schemes
namely HDFC SL Crest, HDFC SL Progrowth
Super II and HDFC SL Young Star Super II.
The general insurance schemes provided
by the company include motor insurance,
Health Suraksha, Critical Illness, travel
insurance, home insurance and personal
accident.. As on March 31 2013, HDBFS
has 230 branches in 184 cities and its data
centre located at Bengaluru and centralised
operations at Hyderabad and Chennai. In
FY13, CAR stood at 18.3% as compared to
the minimum regulatory requirement of
15% for non-deposit accepting NBFCs.
D&B D-U-N-S 87-093-2750

Service Offerings
Personal & Business Loans, Car Loans

Total Income (` mn)
9,631.9
Net Profit (` mn)
1,024.5
TI Growth (%)
123.08
NP Growth (%)
100.45
10.64
NPM (%)
Housing and Urban Development Corporation Limited

HUDCO Bhawan, India Habitat Centre, Lodhi Road, New Delhi 110003, Delhi
Website: www.hudco.org
Business Profile
Housing and Urban Development
Corporation Ltd (HUDCO), a GoI enterprise,
was incorporated in 1970. In 2004, the
company was conferred with the status of
Mini Ratna by GoI. HUDCO mainly operates
in two business verticals namely housing
finance and urban infrastructure finance.
The corporations product portfolio is
classified into housing, urban infrastructure,
building technology promotion, research
& training and consultancy. The company
offers project financing for urban housing,
rural housing, co-operative housing,
slum upgradation, land acquisition,
community toilets, housing programme,
etc. For infrastructure sector, the company

offers project financing for commercial
infrastructure,
social
infrastructure,
innovative projects, etc. HUDCO provides
with housing loan scheme namely HUDCO
Niwas for construction or purchase of
house, plots, flats, etc. The company also
offers deposit schemes like periodic income
scheme and cumulative income scheme.
The consultancy products & services offered
by HUDCO include design & development
services,
urban
regional
planning,
environmental engineering, government
programmes, major consultancy projects
and disaster mitigation.
D&B D-U-N-S 65-005-8845

Service Offerings
Housing Finance and Urban Infrastructure
Finance
Total Income (` mn)
Net Profit (` mn)
29,232.4
7,005.6
TI Growth (%)
5.20
NP Growth (%)
11.14
NPM (%)
23.97
63

HUL House, HT Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai 400020, Maharashtra
Website: www.hdfc.com
Business Profile
Housing
Development
Finance
Corporation Ltd (HDFC) was incorporated in
1977 with the primary objective of providing
long-term finance to households. In 2000,
HDFC entered into JV with Mahindra &
Mahindra group to provide a range of real
estate services and with TCS to provide IT
enabled services. HDFC is primarily engaged
in the business of financing and promotes
home ownership by providing long-term
finance to households for their housing
needs. HDFC offers wide range of home
loan products & services including home
loans, home improvement loans, home
extension loans, loans to professionals,
loan against property, short term bridging

loan, etc. HDFC offers home loans in rural
areas to agriculturists, salaried and selfemployed customers for construction of
houses, house upgradation, renovation of
house, and purchase of a new house. HDFC
also offers various deposit schemes to
resident Indians and Non-resident Indians.
As on Mar 31 2013, HDFCs distribution
network spans 331 outlets, which include
81 offices of HDFC Sales Pvt Ltd (HSPL). The
company also has offices in Dubai, London
and Singapore and service associates in
the Middle East region, to provide housing
loans and property advisory services to
NRIs and Persons of Indian Origin (PIOs).
D&B D-U-N-S 85-915-6878

Service Offerings
Home Finance and Advisory Services

Total Income (` mn)
211,476.2
Net Profit (` mn)
48,483.4
TI Growth (%)
21.86
NP Growth (%)
17.60
NPM (%)
22.93

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. ICICI Home Finance is primarily
involved in providing home finance services.
The companys product portfolio consists
of home loans, loan against property,
fixed deposit, retail property services,
corporate property services, structured
finance group and construction finance.
Other than home loans, the company
also offers home improvement loan, land
loan, office premises loan, top-up loan,
etc. ICICI Home Finance provides real
estate and property solutions to corporate

investors, space occupiers, developers,
landlords, and individuals. The company
offers integrated property solutions for
office spaces, development projects,
research consultancy, valuation, etc. Under
corporate realty finance, the company
offers products including construction
finance (CF), construction finance cum
lease rental discounting (CF cum LRD) and
lease rental discounting (LRD). ICICI Home
Finance also offers value addition services
for its retail segment such as ICICI Home
Search.
D&B D-U-N-S 65-044-9429

Service Offerings
Home Finance and Advisory Finance

Total Income (` mn)
9,301.0
Net Profit (` mn)
2,202.2
TI Growth (%)
(13.16)
NP Growth (%)
(15.19)
23.68
NPM (%)

Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.idfc.com/capital
Business Profile
IDFC Capital Ltd (IDFC Capital) is a
public company, incorporated in India
and regulated by the SEBI as a Category
- I Merchant Banker. The company is a
wholly owned subsidiary of IDFC Securities
Ltd. IDFC Ltd (formerly Infrastructure
Development Finance Company Ltd) is the
ultimate holding company. IDFC Capital
is mainly involved in investment banking
and merchant banking business in India.
Under investment banking, the company
offers financial advisory and services
in equity capital markets, debt capital
markets, private equity syndication and
M&As. IDFC Capital also offers broking
64
services to the institutional investors and

caters to domestic as well as overseas FIs
investing in Indian equities. IDFC Capital
has three wholly owned subsidiaries
namely IDFC Capital (Singapore) Pte. Ltd,
IDFC Fund of Funds Ltd and IDFC Securities
Singapore Pte Limited. During FY13, a
wholly owned subsidiary of IDFC Capital
Ltd, IDFC Securities Singapore Pte. Ltd was
incorporated on Nov 21, 2012.
D&B D-U-N-S 86-024-1820

Service Offerings
Merchant Banking, Investment Banking,
Private Equity
Total Income (` mn)
456.3
Net Profit (` mn)
157.5
TI Growth (%)
62.26
NP Growth (%)
NPM (%)
1,755.67
34.52
IDFC Limited
Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.idfc.com
Business Profile
IDFC Ltd (IDFC) was incorporated in Jan
1997. In 2002, the company set up IDFC
Private Equity as an investment manager
for private equity funds and Uttaranchal
Infrastructure Development Company
Ltd. The company went public in 2005.
In 2007, the company established IDFC
Projects to develop, implement, own and
operate projects in the infrastructure space
and subsequently set up IDFC Foundation
in 2011 for all its developmental work. The
company is primarily engaged in financing
by way of loans. IDFCs strategic business
units are structured into four broad
platforms including project finance, fixed
income and treasury; investment banking

and broking; alternative asset management;
and public markets asset management. The
company is also involved in policy research
and advocacy, capacity building, program
support and government advisory services
and community engagement programs.
IDFC is primarily engaged in financing
infrastructure projects in sectors like energy,
telecommunication, transportation, and
commercial & industrial projects including
hospitals, education, tourism and hotels.
D&B D-U-N-S 91-844-0249

Service Offerings
Project Finance, Fixed Income Investment,
Investment Banking
Total Income (` mn)
77,764.9
Net Profit (` mn)
17,649.8
TI Growth (%)
25.51
NP Growth (%)
10.11
NPM (%)
22.70
IFCI Limited
IFCI Tower, 61 Nehru Place, New Delhi 110019, Delhi
Website: www.ifciltd.com
Business Profile
IFCI Ltd (IFCI) was established in
1948 by the GoI as the first Development
Financial Institution in the country to
cater to the long-term finance needs of
the industrial sector. The company was
established as a statutory corporation
as The Industrial Finance Corporation of
India. IFCI commenced project financing
and set up its merchant banking division
in 1980. In 1993, IFCI was converted
into a company and acquired its present
name in 1999. IFCI is primarily engaged in
providing long term lending to industrial
and infrastructure sectors with their range
of products and services including financial
products, project developments, corporate

advisory services and Sugar Development
Fund (SDF). In debt segment, IFCI offers
short-term loan, corporate loans, project
loans and non-fund based facilities. The
major financing schemes of IFCI include
project financing and financial services to
the manufacturing and other industries.
IFCI provides solutions to infrastructure
sector including conceiving, techno
economic viability study, financial advisory,
monitoring of implementation and
commercial production of the projects in
industrial sectors. IFCI also offers corporate
advisory services, infrastructure advisory
services and monitoring of public issues.
D&B D-U-N-S 65-007-6896

Service Offerings
Project Finance, Infrastructure Lending

Total Income (` mn)
Net Profit (` mn)
27,593.0
4,508.7
TI Growth (%)
(3.19)
NP Growth (%)
(32.06)
NPM (%)
16.34
IKF Finance Limited

6-3-902/A, 4th Floor, Central Plaza, Near Yashoda Hospital, Raj Bhavan Road, Somajiguda, Hyderabad 500082, Andhra Pradesh
Website: www.ikffinance.com
Business Profile
IKF Finance Ltd (IKF Finance) was
incorporated in 1991 as Indrakeela Finance
Pvt Ltd, with the objective of financing for
purchase of trucks, tractors, cars and multiutility vehicles. In 1994, the company was
converted to a public limited company,
and its named was changed to IKF Finance
& Investments Ltd. Further, in 1998, the
company acquired its present name. The
companys shares are listed in BSE. The
company is registered as Asset Financing
- Deposit Accepting - Non Banking Finance
Company (NBFC-AFC-D) with RBI. The core
business of IKF Finance includes financing
the purchase of commercial vehicles.
The products and services offered by the

company include customised commercial
vehicle loans, working capital loans, asset
management and debentures. Under the
asset management, IKF Finance identifies
and selects prospective borrowers who
intend to buy commercial vehicles. Business
associates of IKF Finance includes, HDFC
Bank Ltd, Sundaram Finance Ltd and Bajaj
Auto Finance Ltd.
D&B D-U-N-S 67-611-0383

Service Offerings
Vehicle Finance, Working Capital Loans

Total Income (` mn)
Net Profit (` mn)
427.9
70.6
TI Growth (%)
59.89
NP Growth (%)
81.46
NPM (%)
16.50
65
IL&FS Financial Services Limited

3rd Floor, D Quadrant, IL&FS Financial Centre, Plot No. C - 22, G Block, BKC, Bandra (East), Mumbai 400051, Maharashtra
Website: www.ilfsifin.com
Business Profile
IL&FS Financial Services Ltd (IFIN)
is a NBFC and a 100% subsidiary of
IL&FS. IFIN specializes in infrastructure
financing transactions and also offers
debt syndication, corporate advisory and
lending services. IFIN has also established
its international presence through its wholly
owned subsidiaries namely IL&FS Global
Financial Services Pvt Ltd at Singapore,
IL&FS Global Financial Services (UK) Ltd at
London and IL&FS Global Financial Services
(ME) Ltd at Dubai and IL&FS Global
Financial Services HK Ltd at Hong Kong.
IFIN offers products and services including
asset and structured finance, project
debt syndication, corporate advisory,

international business, project finance,
facilities under management and IL&FS
capital advisory. Under asset and structured
finance, IFIN offers acquisition financing,
special situation financing, mezzanine
finance, operating lease, structured debt
& asset-based finance and debt capital
markets. Under project finance, the
company covers a wide range of industrial
sectors including energy, renewable
energy, transportation, manufacturing,
SEZs, logistics and telecom. Corporate
advisory services include syndication of
growth capital, advising on M&As and on
capital restructuring.
D&B D-U-N-S 85-803-2110

Service Offerings
Asset Finance, Project Finance, Acquisition
Finance
Total Income (` mn)
Net Profit (` mn)
17,551.0
3,496.1
TI Growth (%)
22.91
NP Growth (%)
36.70
NPM (%)
19.92

The IL&FS Financial Centre, C-22, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.ilfsinvestmentmanagers.com
Business Profile
IL&FS Investment Managers Ltd (IIML)
was incorporated in 1989 as Credit Capital
Venture Fund (India) Ltd by an affiliate of
Lazard Brothers. In 1996, Infrastructure
Leasing & Financial Services Ltd acquired
the company and there by acquired
its present name. The company is a PE
fund manager in India. IIML is listed on
NSE and BSE. IIML operates in the fund
management segment and offers related
services. This segment comprises of
three verticals namely PE, real estate and
infrastructure. Some of the investments
of IIML include Gujarat Pipavav Port Ltd,
Maharshtra Natural Gas Ltd, Ramky Enviro
Engineers Ltd and DEN Networks Ltd. IIML

has made PE investments in a wide range of
sectors including pharmaceutical research,
media production services, textiles, drug
manufacturing, construction, processed
foods, component & tool fabrication,
etc. IIML has three domestic subsidiaries
namely,
IL&FS
Asian
Infrastructure
Managers Ltd, IL&FS Urban Infrastructure
Managers Ltd and IIML Asset Advisors Ltd.
The offshore subsidiaries of the company
are IL&FS Investment Advisors LLC
(Mauritius), IIML Advisors LLC (Mauritius)
and IIML Fund Managers (Singapore) Pte.
Ltd. (Singapore).
D&B D-U-N-S 91-659-2624

Service Offerings
Investment Management

Total Income (` mn)
1,032.1
Net Profit (` mn)
424.4
TI Growth (%)
(1.02)
3.41
NP Growth (%)
41.12
NPM (%)

12A-10, 13th floor, Parinee Crescenzo, C-38 and C-39, G Block, Behind MCA, BKC, Bandra East, Mumbai 400051, Maharashtra
Website: www.iiflfinance.com
Business Profile
India Infoline Finance Ltd (India
Infoline Finance) is a subsidiary of India
Infoline Ltd (IIFL). India Infoline Housing
Finance Ltd is the housing finance arm
of the India Infoline group. The company
was incorporated on July 7, 2004 as India
Infoline Investment Services Pvt Ltd under
the provisions of the Companies Act,
1956. The company was converted to a
public limited company with effect from
July 10, 2007. Products offered by the
company includes home loans, healthcare
finance for medical equipment, SME &
trader loans, loans secured against gold
ornaments, commercial vehicle financing,
66
loans secured against property and capital

market finance secured against securities.
The company has 1,446 branches and its
capital market finance business is sourced
through direct sales, branch network,
retail, and wealth teams. The company also
offers pension schemes including National
Pension Scheme Lite and National Pension
Scheme Corporate. As on Mar 31 2013, the
company has one subsidiary, namely India
Infoline Housing Finance Ltd.
D&B D-U-N-S 86-027-0910

Service Offerings
Home Finance, MSME Finance, Healthcare
Finance
Total Income (` mn)
Net Profit (` mn)
16,939.8
1,747.5
TI Growth (%)
86.08
NP Growth (%)
71.57
NPM (%)
10.32

HT House, 8th Floor, 18 & 20 Kasturba Gandhi Marg, Delhi 110001, Delhi
Website: www.iifcl.org
Business Profile
India Infrastructure Finance Company
Ltd (IIFCL) was established in January
2006, as a wholly owned GoI company
and commenced its operations from April
2006. The company was established by
GoI by taking into consideration need
of adequate infrastructure development
in the country and for financing viable
infrastructure projects. IIFCL offers direct
lending, under which it offers long term
Senior and subordinate debt. It also offers
efinancing to banks and eligible institutions
against their infrastructure lending. IIFCLs
credit enhancement scheme provides
partial credit guarantee to enhance
the ratings of the project bond issue

thereby enabling channelization of long
term funds from investors like insurance
companies and pension funds. The sectors
eligible for financial assistance from IIFCL
are the harmonized list of infrastructure
sub-sectors as approved by the cabinet
committee on Infrastructure. These sectors
include transportation, energy, water and
sanitation, communication, social and
commercial infrastructure. IIFCL has strong
presence in overseas with its UK based
subsidiary company, India Infrastructure
Finance Company (UK) Ltd.
D&B D-U-N-S 65-053-5391

Service Offerings
Infrastructure Finance

Total Income (` mn)
32,874.4
Net Profit (` mn)
10,469.9
TI Growth (%)
29.19
NP Growth (%)
78.72
NPM (%)
31.85

Indiabulls House, Indiabulls Finance Centre, Senapati Bapat Marg, Elphinstone Road, Mumbai-400013, Maharashtra
Website: www.indiabulls.com
Business Profile
Indiabulls
Housing
Finance
Ltd
(IBHFL), wholly owned subsidiary of
Indiabulls Financial Services Ltd (IBFSL) was
incorporated in May 2005. The company is
registered as a Housing Finance Company
(HFC) and is regulated by the National
Housing Bank (NHB). The company offers
variety of home loan products including
home loans for NRIs and loan against
property and vehicle loan financing. The
companies home loan product gives wide
variety of advantages in terms of online
access to loan account, quick processing
and disbursement, tax benefit are among
others. IBHFL has 200 well-appointed
and customer accessible walk-in branches

spread across 20 states and union
territories in the country. IBHFL employs
direct sales team of over 1,800 employees.
Moreover, it also employs external direct
sourcing agents to source some portion of
its business. The reach is further enhanced
with tie-ups with Doha Bank in Dubai
and an international office in London to
assist NRIs & PIOs to fulfill the dream of
owning a home in their home country. The
company also has a tie up arrangement
with Yes Bank for home loan processing in
India.
D&B D-U-N-S 65-075-8043

Service Offerings
Home Loans, Vehicle Loans

Total Income (` mn)
47,062.0
Net Profit (` mn)
12,279.1
TI Growth (%)
496.51
NP Growth (%)
391.19
26.09
NPM (%)

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
(IRFC) is a finance arm of the Indian Railway
was founded in 1987. IRFC is a dedicated
financing arm of the Ministry of Railways
(MoR). The Companys sole objective is
to raise money from the market to part
finance the plan outlay of Indian Railways.
The money so made available is used for
acquisition of rolling stock assets and for
meeting other developmental needs of the
Indian Railways. IRFC raises funds from the
commercial markets and through issue of
taxable and taxfree bonds, term loans from
banks and financial institutions and through
off-shore borrowings. As on Mar,31 2013,
Rolling Stock assets- Locomotives, Coaches

and Wagons- valued at 974,820 mn have
been added to the asset base of the Indian
Railways with funding assistance from
IRFC.
D&B D-U-N-S 91-850-5087

Service Offerings
Funding support services to MoR

Total Income (` mn)
Net Profit (` mn)
55,515.4
5,215.7
TI Growth (%)
19.57
NP Growth (%)
8.48
NPM (%)
9.39
67

3rd Floor, August Kranti Bhawan, Bhikaiji Cama Place, New Delhi 110066, Delhi
Website: www.ireda.gov.in
Business Profile
Indian Renewable Energy Development
Agency Ltd. (IREDA) is a Public Limited
Government Company established in 1987,
under the administrative control of Ministry
of New and Renewable Energy (MNRE) to
promote, develop and extend financial
assistance for renewable energy and energy
efficiency /conservation projects. IREDA has
been notified as Public financial Institution
under Indian Companies Act, 1956 and
registered as NBFC with RBI. IREDA
provides financial assistance to sectors
including hydro energy, wind energy, solar
energy, energy efficiency and conservation,
new and emerging technologies and bio
energy. Recently IREDA has entered into

the Memorandum of Understanding (MoU)
with the Ministry of New & Renewable
Energy (MNRE) for FY14 to give financial
support to specific project. The company
operated through total five branches in
the country including Chennai, Hyderabad,
Kolkata and Ahmedabad and head office
at Delhi.
D&B D-U-N-S 91-683-2310

Service Offerings
Financial Assistance to Renewable Energy
Projects
Total Income (` mn)
7,295.6
Net Profit (` mn)
2,026.5
TI Growth (%)
36.41
NP Growth (%)
17.04
NPM (%)
27.78

69, Jolly Maker Chambers II, Nariman Point, Mumbai 400021, Maharashtra
Website: www.ilfl.in
Business Profile
INOX Leasing and Finance Ltd (ILFL) was
incorporated in Feb1995 as INOX Leasing
and Finance Pvt Ltd (ILFL). The company
operats in business of financing industrial,
commercial and business operations by
means of loans, leasing, hiring and hire
purchases, dealing in shares and securities.
ILFL has obtained certificate of registration
to carry on the business of a non-banking
finance institution ILFL is also engaged in
the business of financing and investments
in equity shares of the companies. ILFL also
deals in MFs business and is registered with
Association of Mutual Fund of India (AMFI)
as a MF advisor. The INOX Group employs
more than 5,000 people across more than

75 business units spread in the country, and
has a distribution network that is spread
across more than 50 countries globally.
INOX groups other subsidiary companies
include INOX Air Products Ltd, INOX leisure,
INOX India Ltd and INOX Winds.
D&B D-U-N-S 86-225-4666

Service Offerings
Commercial and Business Loans

Total Income (` mn)
271.9
Net Profit (` mn)
244.5
TI Growth (%)
(20.18)
NP Growth (%)
(22.08)
89.91
NPM (%)

701-704, Manjusha Building, 57 Nehru Place, New Delhi 110019, Delhi
Website: www.inteccapital.com
Business Profile
Intec Capital Ltd (Intec Capital) is one
of the leading Non-Banking Financial
Institutions in India commenced its
operations in 1994. The company provides
financing to SMEs spread across the
country. Intec Capitals product portfolio
involves term loans, SIDBI subsidy, buyers
credit facilitation and leasing services. The
company has established a Credit Delivery
Arrangement (CDA) with SIDBI which
offers economical financial assistance and
subsidy to SME customers of the firm.
Through this arrangement, small & medium
customers receive a subsidy of 15% on
the purchase cost of the machinery. Intec
68
Capital provides its services across different

sectors including auto & engineering,
printing & packaging, plastic & injection
molding, pharmaceuticals, medical &
healthcare and food processing. In FY13,
the company launched and integrated
all the main functions with the central IT
core application, Omnifin. The company
through its associate, Intec Commodities
Pvt Ltd is involved in commodity trading
which is registered with MCX and NCDEX.
Intec Capital has a presence across 15
locations in the Northern, Western and
Southern India, covering more than 137
SME clusters across various industries.
D&B D-U-N-S 91-846-2177

Service Offerings
MSME Finance and Loans

Total Income (` mn)
1,154.6
Net Profit (` mn)
131.2
TI Growth (%)
42.56
NP Growth (%)
38.60
NPM (%)
11.37
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra
Website: www.jmfinancial.in
Business Profile
JM Financial Ltd (JM Financial) is the
dedicated financial services arm of the JM
Financial Group. 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 company deals into commodity
market through its subsidiary, JM Financial
Commtrade Ltd which is registered under
MCX and NCDEX and provides demat
services through JM Financial Services Ltd

which is registered as a DP with NSDL and
CDSL. Asset management business is taken
care by JM Financial Asset Management
Private Ltd, an associate company of
JM Financial. The Companys insurance
broking business is wholly managed by JM
Financial Insurance Broking Private Ltd. The
services offered by JM Financial are catered
to significant clientele that includes
corporations, financial institutions, HNIs
and retail investors. The company has
strong presence in overseas having its
offices located in Mauritius, Singapore and
Indonesia.
D&B D-U-N-S 65-075-8035

Service Offerings
Investment Banking and Securities

Total Income (` mn)
561.9
Net Profit (` mn)
448.1
TI Growth (%)
(11.25)
5.44
NP Growth (%)
79.76
NPM (%)

KSFC Bhavan, 1/1 Thimmaiah Road, Bengaluru - 560052, Karnataka
Website: www.ksfc.in
Business Profile
(KSFC) is one of the lending financial
institutions with assistance to over 165,128
units amounting to nearly ` 11,282 cr over
the last 53 years in the State of Karnataka.
The company operates into three different
vertical segments namely financial services,
infrastructure development and term loan
products. Under financial services, the
company offers in partnership with LIC
offers life insurance products and also
offers non-life insurance products along
with IFFCO TOKIO General Insurance Co Ltd.
Besides, it provides mutual fund products in
tie-up with UTI Mutual Fund. The company
has its branch network spread across 33

cities like Bengaluru, Belgaum, Gulbarga,
Mangalore and Bijapur among others.
KSFC has tie up arrangement with different
financial institutes to provide financial
assistance to infrastructure development
project in India. During FY13, the company
renewed its agreement with IFFCO TOKIO
General Insurance Co. for marketing its
non-life insurance policies. It also entered
into a MoU with Syndicate Bank and Vijaya
Bank to assist banks in resolution of the
SARFAESI Act. During the same period,
KSFC entered into a MoU with SHCIL to
take-up e-stamping activities through its
branch network.
D&B D-U-N-S 86-219-9705

Service Offerings
Term Loans, Infrastructure Development
Finance and Insurance
Total Income (` mn)
2,844.2
Net Profit (` mn)
170.2
TI Growth (%)
21.22
NP Growth (%)
53.51
5.99
NPM (%)

13/A, Karve Road, Kothrud, Pune - 411038, Maharashtra
Website: www.kbil.co.in
Business Profile
Kirloskar Brothers Investments Ltd
(KBIL) was incorporated in Apr 16, 2009 as
an investment company for the purpose of
transfer and vesting of certain investments
of KBL. The company, a wholly owned
subsidiary of Kirloskar Brothers Ltd (KBL)
commenced business in May 29, 2009.
In Jan 2011, the company got listed on
both BSE and NSE. Later, in May 2011, the
company acquired shares of Kirloskar Oil
Engines Ltd. The main objective of KBIL was
to make investments in the Kirloskar Group
of Companies. The company is categorized
as a core investment company - nonbanking financial company (CIC - NBFC)
as per the RBI. As on Mar 31, 2013 the

company had three subsidiaries viz. Nashik
Silk Industries Ltd (NSIL), Kirloskar Oil
Engines Ltd (KOEL) and Kirloskar Pneumatic
Company Ltd (KPCL). NSIL mainly deals into
manufacturing, developing and selling of
raw silk, KOEL deals into manufacturing of
diesel engines and KPCL which is into the
business of manufacturing air compressors,
compressors for refrigeration and air
conditioning, gas compressor package and
hydraulic power transmission products
among others.
D&B D-U-N-S 86-453-1521

Service Offerings

Total Income (` mn)
415.9
Net Profit (` mn)
396.9
TI Growth (%)
(73.37)
NP Growth (%)
(69.68)
NPM (%)
95.41
69

Bakhtawar, Ramnath Goenka Marg, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.kmcc.co.in
Business Profile
Kotak Mahindra Capital Company Ltd
(KMCC) also known as Kotak Investment
Banking is a subsidiary of Kotak Mahindra
Bank Ltd. The company operates into
different verticals like trading in equities;
IPO, FPO etc. KMCC offers complete
financial advisory services and capital
market solutions to domestic and
multinational clients across various sectors.
The product portfolio of the company
includes equity and debt capital market
issuances, M&A advisory, private equity
advisory and infrastructure advisory &
fund mobilization. KMCC entered into an
exclusive strategic alliance for cross-border
M&A advisory services between India and

Japan with Sumitomo Mitsui Banking
Corporation (SMBC) and SMBC Nikko
Securities Inc. (SMBC Nikko), a whollyowned subsidiary of SMBC. KMCC affiliates
in USA and UK were the first Indian owned
companies to register with FINRA (formerly
NASD) in the US and the Financial Services
Authority (FSA) in the UK.
D&B D-U-N-S 65-075-8027

Service Offerings
Private Equity, Trading, Advisory

Total Income (` mn)
832.6
Net Profit (` mn)
167.1
1.98
TI Growth (%)
NP Growth (%)
181.46
20.07
NPM (%)

36 - 38 A, Nariman Bhavan, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.kmil.co.in
Business Profile
Kotak Mahindra Investments Ltd (KMIL)
is the wholly owned subsidiary of the Kotak
Mahindra Bank. KMIL mainly deals into
two different verticals namely loan against
shares and stressed asset portfolio. Under
loan against shares, the company provides
finance against shares, mutual funds and
other securities. Under stressed asset
portfolio, KMIL buys stressed assets from
institutions and also provides advisory
services to distressed companies. The
company also provides overdraft facility to
their clients. Apart from this, KMILs value
added services includes equity and debt
capital market issuances, M&A Advisory,
private equity advisory and infrastructure

advisory & fund mobilization.
D&B D-U-N-S 65-075-8019

Service Offerings
Loans against Shares, Stressed Asset Finance

Total Income (` mn)
1,176.6
Net Profit (` mn)
335.9
TI Growth (%)
(0.65)
NP Growth (%)
120.23
28.55
NPM (%)

Kotak Infiniti, 4th Floor, Bldg no 21, Infinity Park, General A K Vaidya Marg, Malad (E), Mumbai - 400097, Maharashtra
Website: www.carloan.kotak.com
Business Profile
Kotak Mahindra Prime Ltd (KMPL), a
subsidiary of Kotak Mahindra Bank Ltd was
primarily formed to finance all passenger
vehicles. The company is dedicated to
financing and supporting automotive
manufacturers,
dealers
and
retail
customers. It offers financing in the form
of loans for the entire range of passenger
cars, multi utility vehicles and pre-owned
cars. Besides, KPML also offers inventory
funding and infrastructure funding to car
dealers. The company also offers dealer
finance services in the form of term loan
project financing and inventory funding
options. It also provides comprehensive car
70
insurance cover offered by Tata AIG General

Insurance Company to KMPL customer as a
value added service. As on Sep 30, 2013
KMPL had a retail distribution network
comprising 67 branches in 17 states in
the country and a wide network of direct
marketing associates, brokers and agencies
supporting its distribution network.
D&B D-U-N-S 65-067-1431

Service Offerings
Financing Services

Total Income (` mn)
Net Profit (` mn)
22,587.3
4,306.9
TI Growth (%)
24.20
NP Growth (%)
11.91
NPM (%)
19.07

8th Floor, City 2, Plot No 177, Vidyanagari Marg, Kalina, CST Road, Santacruz (E), Mumbai - 400098, Maharashtra
Website: www. ltfinanceholdings.com
Business Profile
L&T Finance Holdings Ltd (L&T Finance
Holdings) was incorporated in 2008 as
L&T Capital Holdings Ltd and acquired
its present name in 2010. In 2011, the
company came out with IPO and was
subsequently listed on BSE. The company is
registered with RBI as an NBFC. L&T Finance
Holdings offers a diverse range of financial
products and services through its direct
and indirect wholly-owned subsidiaries.
The companys operations are divided into
five core groups namely infrastructure
finance, retail finance, corporate finance,
investment management and housing
finance. L&T Finance Holdings are spread
across Mumbai, Chennai and Hyderabad

and are broadly structured into three units
namely loan acquisition, loan servicing
and business process & excellence.
During FY13, the company incorporated
L&T Capital Markets to offer wealth
management services to its customers and
also ventured into housing finance services
by Indo Pacific Housing Finance. In FY13,
the company launched its private wealth
business under the name of L&T Wealth
Management. During the same period, it
also acquired Family Credit Ltd, an NBFC
with presence in two wheelers and four
wheelers financing.
D&B D-U-N-S 65-067-1576

Service Offerings
Infrastructure Finance, Retail Finance, Corporate Finance
Total Income (` mn)
2,006.7
Net Profit (` mn)
3,113.3
TI Growth (%)
55.05
NP Growth (%)
336.95
NPM (%)
155.14
L&T Finance Limited

L&T Houses, N.M. Marg, Ballard Estate, Mumbai - 400001, Maharashtra
Website: www.ltfinance.com
Business Profile
L&T Finance Ltd (LTF) was incorporated
as a NBFC in Nov 1994. LTF is a subsidiary of
L&T Finance Holdings Ltd (LTFH). LTFH is a
financial holding company offering various
financial products and services across the
corporate, retail and infrastructure finance
sector. LTFH is primarily promoted by
Larsen & Toubro Ltd. LTF provides various
financial products and services for trade,
industry and agriculture. The companys
focus segments are corporate products,
construction
equipment,
commercial
vehicles and tractors. The companys
product portfolio include home loan,
personal vehicle loan, commercial vehicle
loan, business and corporate loan,

construction equipment loan, rural loan and
microfinance. In 2010, LTF expanded into
asset management business by acquiring
DBS Chola Mandalam Asset Management
Company Ltd. In FY12, the company
entered into housing and two wheeler
financing business by acquiring two firms
viz., Indo Pacific Housing Finance (IPHF) Ltd
and Family Credit Ltd respectively. During
FY12, LTF entered into a tie-up with Sany
Heavy Industry India Pvt Ltd for a private
label arrangement to provide financial
assistance to Sanys customers.
D&B D-U-N-S 91-614-7379

Service Offerings
Retail, Rural, MSME and Vehicle Finance

Total Income (` mn)
Net Profit (` mn)
20,793.9
2,110.3
TI Growth (%)
16.59
NP Growth (%)
6.04
10.15
NPM (%)

Unit No.505 & 506, DLF Tower B, District Centre, Jasola, New Delhi 110025, Delhi
Website: www.lthousingfinance.com
Business Profile
L&T Housing Finance Ltd (LTHFL)
formerly known as Indo Pacific Housing
Finance Ltd is a 100% subsidiary of L&T
Finance Holdings Ltd, an NBFC promoted
by Larsen & Toubro Ltd, listed on the BSE
and NSE which provides various financial
products and services across the corporate,
retail and infrastructure finance sectors.
The entire shareholding of LTHFL held
by Pasha Ventures Pvt Ltd was sold to
L&T Finance Holdings Ltd on Oct 9, 2012
and the company was sanctioned a fresh
Certificate of Incorporation by the Registrar
of Companies on Dec 4, 2012. The company
was initially established as Weizmann
Homes Ltd on Aug 31, 1994. The company

is listed as a housing finance company
with the National Housing Bank as per the
National Housing Bank Act, 1987. LTHFL
provides various housing finance products
like home loans, home improvement loans,
loan against property, balance transfer and
top-up loans to salaried and self-employed
customers primarily across the middle and
premium segments. The company also
offers construction finance to real estate
developers and builders.
D&B D-U-N-S 86-024-6630

Service Offerings
Housing Finance

Total Income (` mn)
350.3
Net Profit (` mn)
243.9
TI Growth (%)
NP Growth (%)
NPM (%)
6.93
761.66
69.63
71

B/3, Laxmi Towers, 2nd Floor, Bandra-Kurla Complex, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.ltinfra.com
Business Profile
L&T Infrastructure Finance Company
Ltd (L&T Infra Finance), incorporated in
2006, is promoted by the engineering
and construction conglomerate Larsen &
Toubro Ltd and L&T Finance Holdings Ltd.
The company is registered as a NBFC under
the RBI Act 1934, and has been classified
as an Infrastructure Finance Company.
In 2011, the company was classified as a
Public Finance Institution by the Ministry
of Corporate Affairs. L&T Infra Finance
operates in four different verticals namely
project finance, private equity, financial
advisory services and infrastructure bonds.
L&T Infra Finance provides a wide range
of customized debt & equity products as

well as financial advisory services for the
development of infrastructure facilities
with a focus on power, roads, telecom, oil
& gas and port sectors. In project finance,
the company offer products such as term
loan, securitized and subordinated debt,
mezzanine debt, convertible debentures
etc. Under financial advisory services, L&T
Infra offers advisory services in form of
corporate advisory, debt advisory, capital
raising advisory and strategic advisory
services. The company operates its business
through offices at Mumbai, Delhi, Chennai
and Hyderabad.
D&B D-U-N-S 67-738-3032

Service Offerings
Infrastucture Finance

Total Income (` mn)
Net Profit (` mn)
15,997.8
3,442.1
TI Growth (%)
35.13
NP Growth (%)
30.41
NPM (%)
21.52

131 Maker Tower, F Premises, 13th Floor, Cuffe Parade, Mumbai - 400005, Maharashtra
Website: www.lichousing.com
Business Profile
LIC Housing Finance Ltd. (LIC HFL) one
of the largest housing finance company
in India was incorporated in June 1989
under the Companies Act, 1956. The
company promoted by LIC of India went
public in 1994. LIC HFL is recognized by
National Housing Bank and listed on both
the NSE & BSE. In 2004, the company
launched its maiden GDR issue which is
listed on Luxembourg Stock Exchange.
The company provides long term finance
to individuals for purchase, construction,
repair and renovation of new or existing
houses. Besides, it also provides finance
on existing property for business, personal
needs and offers loans to professionals for

purchase, construction of clinics/nursing
homes/diagnostic centers/office space and
also for purchase of equipments. As on
Mar 31, 2013 LIC HFL operates through
seven regional offices, 15 back offices, 194
marketing offices and one customer service
points across the country. In addition, the
company has representative offices in
Dubai and Kuwait. In FY13, the company
reportedly 21.63% increases in individual
and project loan disbursals.
D&B D-U-N-S 86-025-9687

Service Offerings
Housing Finance

Total Income (` mn)
76,588.8
Net Profit (` mn)
10,232.1
TI Growth (%)
23.23
NP Growth (%)
11.92
NPM (%)
13.36

Magma House, 24 Park Street, Kolkata - 700016, WB
Website: www.magma.co.in
Business Profile
Magma Fincorp Ltd (Magma) was
established in the year 1989. In 2011,
the company started Suvidha programme
wherein the company helps buyer to choose
the right vehicle. Magma offers wide variety
of product portfolio to its customers such as
car loans, SME loans, loans for construction
equipments, commercial vehicles, tractor
and used vehicles, gold loans, auto lease,
housing finance and insurance. Magma
not only provides loans for new vehicle
but also provides financing services to
the entire range of used commercial
vehicles from small commercial vehicles
to tractor trailers. The insurance business
72
of the company offers motor insurance,

fire insurance, industrial insurance and
burglary insurance. For the commercial
vehicle, Magma mainly deals with Tata
Motors, Ashok Leyland, Eicher Motors etc.
whereas, for tractor business financing the
company works as a trade partner with
Mahindra & Mahindra, John Deere etc. As
on Mar 31, 2013 the company operated
through a network of 275 branches spread
over 20 states and one UT. In FY13, the
company entered the mortgage business
by acquiring and integrating the mortgage
finance businesses of GE Capital in India.
D&B D-U-N-S 67-766-8854

Service Offerings
Vehicle Finance, MSME Loans

Total Income (` mn)
Net Profit (` mn)
16,061.5
1,227.9
TI Growth (%)
56.75
NP Growth (%)
94.17
NPM (%)
7.65

4th Floor, Mahindra Towers, Dr. GM Bhosale Marg, PK Kurne Chowk, Worli, Mumbai - 400018, Maharashtra
Website: www.mahindrafinance.com
Business Profile
Mahindra & Mahindra Financial Services
Ltd (MMFSL), a part of the Mahindra
Group was incorporated in 1991 as Maxi
Motors Financial Services Ltd. In 1992, the
company changed its name and acquired
its present name. In 1993, MMFSL started
business of utility vehicle financing. The
company mainly operated in different loan
segments such as vehicle loan, personal
loans, home loans and SME loans. Besides
offering various loans, the company also
offers wide range of investment avenues in
the form of fixed deposits, mutual funds
and bonds to its clients. Under vehicle
loan, the company offers tractor loan, 3
wheelers, 2 wheelers, car loans and used

car loans amongst others. Under SME
financing, MMFSL provides project finance,
equipment finance, corporate loans,
secured business and working capital
loans, lease rental and bill discounting,
insurance and financial advisory services to
their clients. In Sept 2013, MMFSL signed a
MoU with Woori Financials, a Korea based
financial firm for financing Ssangyong
Motors vehicles in Korea which are majorly
owned by Mahindra & Mahindra Ltd. As
through a network of 657 offices spread
across 25 states, four UTs and 1.3 lac
villages.
D&B D-U-N-S 86-220-1048

Service Offerings
Vehicle Finance, Re-financing

Total Income (` mn)
Net Profit (` mn)
38,946.9
8,826.9
TI Growth (%)
39.37
NP Growth (%)
42.34
NPM (%)
22.66

V/104, Manappuram House, Valapad P.O., Thrissur - 680567, Kerala
Website: www.manappuram.com
Business Profile
Manappuram Finance Ltd (Manappuram
Finance) was incorporated in 1992 as
Manappuram General Finance and Leasing
Ltd in Valapad, Kerala. The company mainly
provides cash loan against gold pledge,
money transfer and foreign exchange
services. Manappuram Finance ventured
into the foreign exchange business with the
RBI having granted an Authorised Dealer - II
licence which permits outward remittances
for a variety of purposes such as overseas
medical treatment, higher education
abroad, business travel, conferences etc.
The company has also commenced instant
money transfer in collaboration with UAE
Xchange, Wallstreet and MoneyGram. For

inward remittance, the company acts as
a registered agent with money exchanges
namely Western Union Money Transfer, Ez
Remit, Express Money and Transfast. As
through 3,295 branches spread across 22
states of India and four UTs.
D&B D-U-N-S 91-847-9457

Service Offerings
Gold Loans, Business Loans and Asset Financing
Total Income (` mn)
22,641.3
Net Profit (` mn)
2,084.3
TI Growth (%)
(14.75)
NP Growth (%)
(64.76)
NPM (%)
9.21

Manipal House, Udupi Taluk & District, Manipal - 576104, Karnataka
Website: www.manipalhousing.com
Business Profile
Manipal Housing Finance Syndicate Ltd
(MHFSL) is a National Housing Bank (NHB)
registered housing finance company which
was established in 1986. The company is
jointly promoted by Syndicate Bank and
Manipal Group. MHFSL main objective is
to provide long term finance to individual
for acquisition, construction, repairs and
renovation of houses. It also offers finance
on existing property for business/personal
loans. MHFSL mainly operates in three
verticals via home loans, gold loans and
deposits. MHFSL Nidhi Gold Loan Scheme
provides loan against gold ornaments with
speedy and simplified processing. The
home loan services comprises of home

improvement loan, home extension loan,
land loan, home equity loan, NRI loan, etc.
MHFSL offers deposit products at attractive
rates of interest to Individuals as well as
different trusts. In addition, the company
also undertakes marketing of insurance
products to its housing loan borrowers.
MHFSL operates through its network spread
across Bengaluru, Mumbai, Chennai,
Hyderabad, Mangalore and Udupi.
D&B D-U-N-S 67-551-7809

Service Offerings
Housing Finance

Total Income (` mn)
Net Profit (` mn)
396.2
55.5
TI Growth (%)
25.10
NP Growth (%)
33.08
NPM (%)
14.02
73

Palm Spring Centre, 2nd floor, New Link Road, Malad (W), Mumbai - 400064, Maharashtra
Website: www.motilaloswal.com
Business Profile
Motilal Oswal Financial Services
Ltd (MOFSL), a diversified financial firm
was established in 1987. The company
through its subsidiaries deals into seven
different verticals namely broking and
distribution, institutional equities, private
wealth management, investment banking,
private equity, asset management and
commodities broking. MOFSL through its
subsidiaries, Motilal Oswal Securities Ltd, a
member of BSE and NSE undertakes broking
activity while Motilal Oswal Investment
Advisors Private Ltd offers comprehensive
investment banking solutions to its clients.
Motilal Oswal Commodities Broker Pvt Ltd,
a subisidairy of MOFSL operates in the

commodity market. As on Mar 31, 2013
the company had over 773,716 registered
customers, which included almost 680,000
retail broking and distribution clients with
over 600000 having depository accounts.
The companys distribution network is
spread across 1,484 locations across 527
cities. During FY13, MOFSL introduced
m.motilaloswal.com website on mobile
which includes research reports, advisory
calls, news and statistics.
D&B D-U-N-S 67-588-5372

Service Offerings
Private Equity, Wealth Management, Asset
Management
Total Income (` mn)
949.0
Net Profit (` mn)
387.5
TI Growth (%)
15.81
NP Growth (%)
(31.17)
40.83
NPM (%)

Muthoot Towers, M.G. Road, Cochin - 682035, Kerala
Website: www.muthootcap.com
Business Profile
Muthoot Capital Services Ltd (MCSL),
promoted by the Muthoot Pappachan
Group is a NBFC registered with the RBI
and listed on the BSE. MSCL established
in 1997 offers fund and non-fund based
financial services to retail, corporate and
institutional customers. MCSL product
portfolio comprises of commercial and
consumer finance products like vehicle
loans, gold loans, loans against property,
bonds, deposits, investment products and
advisory services among others. Apart
from these, the company also disburses
loans against property, shares, gold ETFs,
SME loans, mortgage loans, leasing &
hire purchase loans and bill discounting.

As on Mar 2013, the company operates
in around 600 dealerships with major
presence in Hero and Honda dealerships.
In the three wheeler segment, MSCL has
strategic finance tie-ups with Piaggio
and Mahindra. MSCL activities are mainly
focused on rural and semi-urban areas in
the southern states of the country. Some
of the schemes offered by the company
include 100% funding scheme, 1% interest
scheme and cheque less schemes among
others.
D&B D-U-N-S 85-979-6584

Service Offerings
Commercial and Consumer Finance

Total Income (` mn)
1,072.2
Net Profit (` mn)
217.6
TI Growth (%)
59.19
NP Growth (%)
40.29
NPM (%)
20.29

Muthoot Chambers, Opp. Saritha Theatre Complex, Banerji Road, Kochi - 682018, Kerala
Website: www.muthootfinance.com
Business Profile
Muthoot Finance Ltd (MFIN) was
founded in 1939 by Mr. M George
Muthoot. MFIN is the flagship company of
the Muthoot Group. In 2001, the company
received the RBI license to function as an
NBFC. The major services offered by MFIN
include gold loan, money transfer, foreign
exchange and wealth management services.
For money transfer service, the company
has been associated with Western Union,
Money Gram, Xpress Money, EzRemit,
Transfast and Royal money among others.
The other value added services offered MFIN
includes M Power Card and Travelsmart,
a travel service provider. MPower Card is
74
a CRM service provided by the company

which empowers client to avail a number
of special services with the help of MPower
Card. MFIN through its subsidiary, Muthoot
Insurance Brokers Pvt Ltd offers insurance
products in the form of money back, health
plan, smart kid plan, pension plans, smart
performer and other. As on Mar 31, 2013
the company had around 4082 branches
across 20 states. During the same period,
the company obtained license from RBI to
start operating 9,000 White Label ATMs.
D&B D-U-N-S 85-828-7319

Service Offerings
Gold Loans, Money Transfer, Foreign
Exchange, Wealth Managment
Total Income (` mn)
53,871.4
Net Profit (` mn)
10,042.4
TI Growth (%)
18.42
NP Growth (%)
12.58
NPM (%)
18.64
National Bank for Agriculture and Rural Development Bank

Plot No C-24, G Block, BKC, P. B. No. 8121, Bandra (E), Mumbai - 400051, Maharashtra
Website: www.nabard.org
Business Profile
National Bank for Agriculture and
Rural Development Bank (NABARD) was
established in July 1982 by transferring
agriculture credit finance function of RBI
and refinance functions of Agricultural
Refinance and Development Corporation.
NABARD was formed to promote sustainable
and equitable agriculture and rural
prosperity through effective credit support,
related services, institution development
and other innovative initiatives. NABARD
mainly function in agriculture financing,
agriculture development and acts as a
supervisory board for agriculture related
activities. Under agricultural financing,
NABARD provides refinancing in the form

of short, medium and long term loans
and direct financing in the form of rural
infrastructure deve funds, credit facilities
to marketing federations and direct
lending to CCBs among others. The banks
development activities involve institutional
development, micro credit innovation and
research development among others. The
company launched NABARD Warehousing
Scheme 2013- 14 (NWS), which envisages
extension of loans to public and private
sectors for construction of warehouses,
silos, cold storages and other cold chain
infrastructure.
D&B D-U-N-S 65-050-8245

Service Offerings
Agricultural and Rural Finance

Total Income (` mn)
Net Profit (` mn)
128,834.2
18,080.7
TI Growth (%)
17.35
NP Growth (%)
10.59
NPM (%)
14.03

Core 5 - A, India Habitat Centre, 3 & 5 floor, Lodhi Road, New Delhi - 110003, Delhi
Website: www.nhb.org.in
Business Profile
National Housing Bank (NHB) was
established in July 9, 1988 under the
National Housing Bank Act, 1987. NHB
is wholly owned by the RBI. NHB operate
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. To
promote the cause of affordable housing
NHB closely works with GoI for formulating
and implementation of housing policies
and programme. The main functions of
NHB are to provide financing, maintaining,
regulation and promoting housing related
activities in the society. NHB supports
housing finance sector by providing

assistance in the form of refinance
operations, project finance, guarantee
and securitization. The company provides
project finance to various public agencies,
PPPs and joint venture companies. It
also finances various special and general
projects such as slum redevelopment
project, township development project,
etc. Apart from this, NHB also offers value
added services like reverse mortgage loan,
retail deposit, etc. The bank operates
through a network of 11 operational places
in various cities in India.
D&B D-U-N-S 65-050-8591

Service Offerings
Housing Finance

Total Income (` mn)
Net Profit (` mn)
30,304.1
4,499.4
TI Growth (%)
21.62
NP Growth (%)
16.23
NPM (%)
14.85

Trade World, A wing, 4th & 5th Floors, Kamala Mills Compound, Lower Parel, Mumbai 400013, Maharashtra
Website: www.nsdl.co.in
Business Profile
(NSDL) was established in 1996 following
the enactment of Depositories Act during
the same month. NDSL is one of the first
depositories in India and 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
and distribution of non-cash corporate
actions to the investors and other market
participants such as clearing members,
stock exchanges, banks and issuers of

securities. 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. NSDL offers
internet-based services like SPEED-e and
IDeAS; and also offers electronic facility
called STEADY for brokers to deliver
contract notes to custodians and fund
managers.
D&B D-U-N-S 86-220-2454

Service Offerings
Depository Services

Total Income (` mn)
Net Profit (` mn)
1,209.3
205.3
TI Growth (%)
NA
NP Growth (%)
NA
NPM (%)
16.98
75
National Small Industries Corporation

NSIC Bhawan, Okhla Industrial Estate, New Delhi 110 020, Delhi
Website: www.nsic.co.in
Business Profile
National Small Industries Corporation
Ltd (NSIC) is a Government of India (GOI)
enterprise under Ministry of Micro, Small
and Medium Enterprises (MSME). Set
up primarily for the promotion of micro,
small and medium enterprises (MSMEs) in
the country, it has been assisting MSMEs
through modernization, upgradation of
technology, driving quality consciousness
and promoting exports. To support
MSMEs, it has set up specially tailored
schemes to facilitate marketing support,
credit support, technology support and
other support services. Various schemes
offered to the MSMEs include bank credit
facilitation scheme, performance & credit

rating scheme, raw material assistance
scheme, bill discounting scheme and
government purchase programme. Other
services offered by NSIC include organising
and participation in domestic exhibitions,
infomediary services and market intelligence
services. NSIC operates through network of
offices in 155 locations across India. NSIC
also operates in African countries through
its office in Johannesburg, South Africa.
As on 31st March 2013, NSIC has tied up
with 21 banks in total to enhance credit
facilities to the MSME sector.
D&B D-U-N-S 91-510-5188

Service Offerings
MSME Finance and support Services

Total Income (` mn)
15,811.4
Net Profit (` mn)
623.6
TI Growth (%)
17.39
NP Growth (%)
51.31
3.94
NPM (%)

Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051, Maharashtra
Website: www.nseindia.com
Business Profile
National Stock Exchange of India Ltd
(NSE) was incorporated in November 1992
as a tax-paying company and received the
recognition as a stock exchange in April
1993. In 1994, the company started its fullfledged operations by establishing capital
market (equities) and wholesale debt
market segments. . NSE primarily provides
a platform to the market participants to
enable them trade in equities, derivatives
and debt market. Under the equities
segment, it offers trading platform for
equities, mutual funds, exchange traded
funds, services for listing of initial public
offering and security lending & borrowing
scheme to enable settlement of securities

sold short. In derivatives segment, it offers
trading platform for equity derivatives,
currency derivatives, interest rate futures
and global indices; and under the debt
segment, it offers trading platform for debt
market, wholesale debt market, corporate
bonds. The company has set up various
subsidiaries such as National Securities
Clearing Corporation Ltd (NSCCL), NSE
Infotech Services Ltd (NSETECH), India
Index Services & Products Ltd (IISL), DotEx
International Ltd (DotEx) and NSE.IT Ltd to
enable it meet its various strategic services
requirements.
D&B D-U-N-S 91-843-4122

Service Offerings
Trading Platform, Clearing Services

Total Income (` mn)
Net Profit (` mn)
16,844.9
8,776.1
TI Growth (%)
11.06
NP Growth (%)
24.50
NPM (%)
52.10

NEDFi House, G. S. Road, Dispur, Guwahati - 781006, Assam
Website: www.nedfi.com
Business Profile
North Eastern Development Finance
Corporation Ltd (NEDFi) was incorporated
under the Companies Act, 1956, on
August 9, 1995 with its registered office at
Guwahati, Assam. NEDFi provides financial
assistance to micro, small, medium and
large enterprises for setting up industrial,
infrastructure and agri-allied projects in
the north eastern region of India and
also microfinance through MFI/NGOs. The
company provides financial assistance
to various industries through different
schemes. In project finance scheme, the
company offers schemes such as rupee
term loan, equipment finance, corporate
76
finance, working capital term loan scheme

etc. Under MSE finance scheme, NEDFi
offers NEDFi Opportunity Scheme for
Small Enterprises, Women Enterprises
Development Schemes, and Initiative
for Development of Entrepreneurs in
Agriculture, etc. to MSE. Besides financing,
NEDFi offers consultancy & advisory
services to the state governments, private
sectors and other agencies. The company
started business facilitation centre (BFC)
for providing consultancy and supports in
setting up a business enterprise. BFC helps
in preparing project report and provides
information about various incentives
available in a particular region.
D&B D-U-N-S 87-181-3946

Service Offerings
Project Finance and MSME Finance

Total Income (` mn)
1,221.5
Net Profit (` mn)
620.5
TI Growth (%)
18.24
NP Growth (%)
12.40
NPM (%)
50.79

55, Hanuman Road, Connaught Place, New Delhi - 110001, Delhi
Website: www.oscarinvestments.org
Business Profile
Oscar
Investments
Ltd
(Oscar
Investments), a Delhi based investment
firm was incorporated on Jan 25, 1978 as
a public limited company. The company is
a part of Ranbaxy Group and is promoted
by Mr. Malvinder Mohan Singh and Mr.
Shivinder Mohan Singh. Oscar Investments
is an NBFC registered with RBI as a loan
and investment company. The company
is a registered investment firm under BSE
for equity segment and is also listed on the
Delhi Stock Exchange. Oscar Investments
trades in shares, securities, debentures,
and other investments. The company
operates through two subsidiaries namely
Shimal Research Laboratories Ltd and Fortis

Clinical Research Ltd.
D&B D-U-N-S 91-906-6738

Service Offerings
Investment Services

Total Income (` mn)
698.3
Net Profit (` mn)
454.6
TI Growth (%)
(75.06)
NP Growth (%)
(76.53)
65.10
NPM (%)

Flat No 2, Land Mark CHS, Dawood Baug Cross Lane No.01, Andheri (W), Mumbai - 400058, Maharashtra
Website: www.paragshilpa.com
Business Profile
Parag Shilpa Investments Ltd (PSIL) was
incorporated as a public limited company
in May 1982 under the provisions of
Companies Act, 1956. PSIL is listed
company on BSE and deals into equity
market segment of BSE. PSIL was formed
to deal with financial activities and invest
money in securities, lend, advance or
deposit, securities and property, with
or without charge, interest or security.
The company also deals and carries out
business with finance industrial enterprises
and act as an investment company by
investing, acquiring, holding and dealing
in shares, securities, debentures, movables
& immovable, properties, financers,

capitalist and as a finance brokers. Besides,
PSIL also works as a financer and act
as guarantors, brokers, agents and to
finance exports and imports, to carry on
constructions and building activities and
act as promoters, contractors, agents
and hire purchase merchants. In FY13,
the company acquired two IT companies
namely Swift Infrastructure & Services
Ltd and Crescent Digital Technologies Ltd.
These companies are mainly involved in IT
software, IT integrated infrastructure and
trading in computer and hardware.
D&B D-U-N-S 86-024-8373

Service Offerings
Business Finance, Export Finance, Securities

Total Income (` mn)
1,431.7
Net Profit (` mn)
0.4
TI Growth (%)
n.a.
LP
NP Growth (%)
0.03
NPM (%)

Birla Building, 14th Floor, 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 an NBFC
without accepting public deposits. The
equity shares of the company are listed on
Madhya Pradesh Stock Exchange Limited
and Delhi Stock Exchange Association Ltd.
The company is registered with BSE for
dealing into equity market. The Company
through its subsidiaries, PIC Properties Ltd
and PIC Realcon Ltd deals into infrastructure
realty business.
D&B D-U-N-S 65-065-3736

Service Offerings
Investment Services

Total Income (` mn)
1,965.7
Net Profit (` mn)
1,589.4
TI Growth (%)
313.92
NP Growth (%)
271.72
NPM (%)
80.85
77

1218, Maker Chambers V, 12th Floor, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.pinc.co.in
Business Profile
Pioneer Investcorp Ltd (PINC) founded
by Mr. Gaurang Gandhi was setup in 1985
as a pioneer in lease syndication and bill
discounting. The company is a Category
1 Merchant Banker, listed on BSE. The
company is a full-fledged investment bank
providing bouquet of financial advisory
services in the mid-market segment. PINC
offers integrated financial services, which
includes investment banking, institutional
broking & fixed income and insurance
advisory services to their clients. Under
investment banking, the company offers
debt syndication and advisory, project
finance advisory, private equity advisory
and M&A advisory services. PINC provides

broking services through Infinity.Com
Financial Securities, a group company and
a member of BSE and NSE which operates
in both cash and derivative segment. The
company operates into insurance advisory
and intermediation services through
Pioneer Insurance and Reinsurance Brokers
Pvt Ltd which is registered insurance
broking firm under IRDA. The companies
client base includes corporate in logistics,
manufacturing, hospitality, infrastructure,
pharmaceuticals, financial services, real
estate and other sectors.
D&B D-U-N-S 65-075-7995

Service Offerings
Investment Banking and Broking

417.5
Total Income (` mn)
28.2
Net Profit (` mn)
19.02
TI Growth (%)
NP Growth (%)
(28.73)
6.76
NPM (%)
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 in 1996. The company was
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, etc. The
company has a wide client base ranging
from provident funds trusts, RRBs, cooperative banks, corporates, individuals,

etc. Besides, PNB Gilts also offers advisory
services backed by strong research to its
customers.
D&B D-U-N-S 67-751-4032

Service Offerings
Retailing Government Securities

Total Income (` mn)
2,886.5
Net Profit (` mn)
612.5
TI Growth (%)
74.62
NP Growth (%)
190.92
21.22
NPM (%)

9th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi - 110001, Delhi
Website: www.pnbhfl.com
Business Profile
PNB Housing Finance Ltd (PNBHFL), a
subsidiary of Punjab National Bank, is a
registered housing finance company with
NHB. The company was incorporated under
the Companies Act, 1956 and commenced
its operations in 1988. In 2009, the
company entered into a strategic financial
partnership with Destimoney Enterprises
Private Ltd. The company mainly operates
in three segments via home loans, nonhome loans and deposit. PNBHFL provides
housing loans to individuals and corporate
bodies for construction, purchase, repair
and upgradation of houses. It also
provides loans for commercial space, loan
78
against property and loan for purchase of

residential plots. The company operates
through a robust network of branches
spread across the country which help
customers avail various financial services
such as loans and deposits seamlessly.
D&B D-U-N-S 91-535-6344

Service Offerings
Housing Finance

Total Income (` mn)
6,614.4
Net Profit (` mn)
915.1
TI Growth (%)
42.83
NP Growth (%)
21.69
NPM (%)
13.84

Urjanidhi, 1, Barakhamba Lane, Connaught Place, New Delhi - 110001, Delhi
Website: www.pfcindia.com
Business Profile
Power Finance Corporation Ltd (PFC), a
GoI undertaking, was set up in July 1986
as a financial institution catering to the
finance needs of the power and associated
sectors. PFC was notified as a public
financial institution in 1990. In 2007, the
company was conferred with the Navratna
status. The company is registered as a NBFC
with RBI. In July 2010, the company had
been classified as an Infrastructure Finance
Company by RBI. PFC is in the business of
providing syndication services mainly in
the areas of power, energy, infrastructure
& other industries. The companys product
portfolio comprises of financial products
and services like project term loan,

equipment lease financing, discounting
of bills, short term loan, consultancy
services etc. for various power projects in
generation, transmission, and distribution
sector as well as for renovation &
modernization of existing power projects.
In addition, PFC also provides technical,
advisory and consultancy services related
activities. In FY13, the company sanctioned
loan amounting to ` 751.5 bn and loan
disbursements of ` 451.5 bn.
D&B D-U-N-S 65-028-1769

Service Offerings
Financing Power Projects

Total Income (` mn)
Net Profit (` mn)
172,725.5
44,196.0
TI Growth (%)
32.49
NP Growth (%)
45.78
NPM (%)
25.59

7th Floor, Telephone Exchange Building, 8 Bhikaji Cama Place, New Delhi - 110066, Delhi
Website: www.ptcfinancial.com
Business Profile
PTC India Financial Services Ltd (PFS)
has been promoted by PTC India Ltd
(PTC) as a company incorporated under
the Companies Act 1956, and registered
with RBI as a NBFC. PFS is a systematically
important non-deposit taking non banking
company registered with RBI. The company
was accorded the status of Infrastructure
Finance Company by the RBI in Aug 2010.
PFS has been set up as a special purpose
investment vehicle to provide total
financing solutions to the energy value
chain which inter-alia includes investing
in equity and/or extending debt to power
projects in generation, transmission,
distribution, fuel sources, equipment

manufacturers and EPC contractors and
carbon credit finance. The company also
provides fee based services in the energy
space. In Dec 2013, the company divested
its stake in Meenakshi Energy Private Ltd.
D&B D-U-N-S 65-075-8001

Service Offerings
Project Finance

Total Income (` mn)
2,865.2
Net Profit (` mn)
1,041.6
TI Growth (%)
(6.73)
NP Growth (%)
(32.38)
36.35
NPM (%)

570, Rectifier House, 2nd Floor, Naigaum Cross Road, Wadala, Mumbai - 400031, Maharashtra
Website: www.reliancecapital.co.in
Business Profile
Reliance Capital Ltd (RCL) was
incorporated in year 1986 at Ahmedabad,
Gujarat as Reliance Capital & Finance Trust
Ltd. The company acquired its present
name in Jan 1995. RCL is registered as
a NBFC and operates in four business
segments viz. finance and investments,
asset management, general insurance,
commercial finance and other businesses.
Finance and investments business includes
corporate lending and investing activities.
Asset management business includes
mutual fund, offshore fund, pension fund
and portfolio management services. Under
general insurance, RCL deals in life and
general insurance business. Commercial

finance comprises of commercial finance
and mortgage business and others
business includes other financial and allied
services like private equity, institutional
broking, asset reconstruction, venture
capital etc. During FY13, Reliance Equities
International Private Ltd and Emerging
Money Mall Ltd were amalgamated with
the company. During the same period,
China Ming Yang Wind Power Group Ltd
entered into definitive agreements with
RCL to establish a JV by subscribing to a
significant stake in the share capital of
Global Wind Power Ltd, a leading wind
power solutions provider in India.
D&B D-U-N-S 65-012-7079

Service Offerings
Corporate Finance, Asset Management,
Insurance
Total Income (` mn)
Net Profit (` mn)
38,680.0
6,620.0
TI Growth (%)
16.61
NP Growth (%)
27.55
NPM (%)
17.11
79

D3, P3B, District Centre, Saket, New Delhi - 110017, Delhi
Website: www.religare.com
Business Profile
Religare Enterprises Ltd (REL) is one of
Indias leading diversified financial services
groups. The company is headquartered
in New Delhi and is listed on the BSE and
NSE. REL through its subsidiaries offers
an integrated suite of financial services
including asset management, life and health
insurance, lending, broking, investment
banking, and wealth management. The
lending business operates through Religare
Finvest Ltd, focuses on the SME sector while
the retail broking is done through Religare
Securities Ltd and Religare Commodities
Ltd. Portfolio management services is taken
care by Religare Invesco Asset Management
Company Pvt Ltd while insurance business

is carried by Religare Health Insurance
Company Ltd. These integrated financial
services platform provides services across
customer segments like institutional,
corporate, SME, HNI, mass affluent, retail
and social/rural and on multiple revenue
models such as fee-based, balance sheetled and fiduciary. The company is also
building an Asia & emerging markets
focused Institutional equities & investment
banking business and a multi-boutique
global asset management platform to tap
the broader opportunities offered by the
most promising emerging markets around
the world.
D&B D-U-N-S 86-267-2711

Service Offerings
Asset Management, Insurance, Broking,
Investment Banking
Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
2,208.1
(7,609.5)
287.73
LL
NP Growth (%)
NPM (%)
(344.61)

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 2004, the name of
the company was changed from Skylark
Securities Pvt Ltd to Fortis Finvest Pvt Ltd.
During the same period, RFL become a
public limited company and the name was
changed to Fortis Finvest Ltd. In 2006,
the company acquired its present name.
The company is a subsidiary of Religare
Enterprises Ltd and a non-deposit taking
systemically important NBFC. RFL product
portfolio comprises of SME Working
Capital, SME Mortgage and Loan against
marketable securities. SME working
capital loans caters to meeting financial

requirements of SME, businessmen,
exporters/importers and professionals.
Some of the loans offered are equipment
finance; educational institute financing
and SME unsecured working capital loans.
SME Mortgage is offered to individuals and
corporate against mortgage of residential,
commercial and industrial property.
Loans against securities, ESOP financing
and promoter funding are types of loans
offered under loans from marketable
securities. RFL has created a unique MSMEfocused business model backed by proven
underwriting capabilities. It operates
through 25 branches spread across India.
D&B D-U-N-S 86-346-2328

Service Offerings
MSME Finance, Housing Finance, Vehicle
Finance
Total Income (` mn)
Net Profit (` mn)
22,616.8
1,854.1
TI Growth (%)
21.68
NP Growth (%)
34.52
8.20
NPM (%)

3rd Floor, Alexander Square, Old No.34 & 35, New No.2, Sardar Patel Road, Guindy, Chennai - 600032, TN
Website: www.repcohome.com
Business Profile
Repco Home Finance Ltd (RHFL) was
incorporated in Apr 2000 as a wholly
owned subsidiary of the Repatriates Cooperative Finance and Development Bank
Ltd, a GoI enterprise to tap the growth
potential in the housing finance market.
The company is registered as a housing
finance company with the NHB. RHFL
provides a variety of home loan products
for construction and/or purchase of
residential and commercial properties
including repairs and renovations. Apart
from extending home loans, the company
also offers loans against properties. The
loans schemes of RHFL are dream home
80
loans, home makeover loans, mortgage

loans, plot loans, commercial construction
loans, NRI loans and loans for fifty-plus
individuals. RHFL operates through 82
branches and 24 satellite centers spread
across TN, Karnataka, AP, Kerala, Odisha,
Maharashtra, WB, Gujarat and UT of
Puducherry. In FY13, the company came
out with an IPO and got listed on both NSE
and BSE. As on Mar 31, 2013 the loan book
of the company stood at ` 35.45 bn.
D&B D-U-N-S 87-177-8316

Service Offerings
Housing Finance

Total Income (` mn)
4,059.7
Net Profit (` mn)
800.2
TI Growth (%)
27.31
NP Growth (%)
30.19
NPM (%)
19.71

Core - 4, SCOPE Complex, 7, Lodhi Road, New Delhi 110003, Delhi
Website: www.recindia.nic.in
Business Profile
Rural Electrification Corporation Ltd
(REC), a Navratna Central Public Sector
Enterprise, comes under the purview
of Ministry of Power. The company was
incorporated on July 25, 1969 under
the Companies Act 1956. REC is a listed
Government of India enterprise. REC plays
an active role in financing and promoting
rural electrification projects across India.
The company offers financial assistance
to State Electricity Boards (SEBs); State
Government Departments and Rural
Electric Cooperatives for rural electrification
projects as are sponsored by them. It offers
loan assistance to SEBs/State Power Utilities
for investments in rural electrification

schemes. The company also finances power
generation, transmission and distribution
projects in addition to electrification of
villages and pumpset energisation. REC
is active in developing new infrastructure
and enhancing the existing ones under the
transmission and distribution network in
the country. During FY13, REC granted 41
nos. of generation/R&M loans.
D&B D-U-N-S 86-220-5911

Service Offerings
Financing Power Projects

Total Income (` mn)
Net Profit (` mn)
135,188.6
38,176.2
TI Growth (%)
29.69
NP Growth (%)
35.52
NPM (%)
28.24

Virginia House, 37, J. L. Nehru Road, Kolkata 700071, WB
Website: www.itcportal.com/businesses/group-companies/russel-credit.aspx
Business Profile
operations.
Russell Credit Ltd (Russell Credit) is a

wholly-owned subsidiary of ITC Ltd. Russell
Credit operates in the financial services
segment and is an investment company
engaged in making long-term investments
in strategic areas of FMCG, Hotels &
Tourism, Paper, Paperboards & Packaging
Agri Business and Information Technology.
Russell Credit has a 100% subsidiary,
Greenacre Holdings Ltd, which is involved
in property infrastructure maintenance.
The company undertakes mutual fund
distribution and leasing activities. The
company generates revenues from debt
market deployments and equity market
D&B D-U-N-S 91-659-2996

Service Offerings

Total Income (` mn)
696.6
Net Profit (` mn)
589.6
TI Growth (%)
71.64
NP Growth (%)
87.58
NPM (%)
84.64
M-7, 1st Floor, M Block Market, Greater Kailash Part -11, New Delhi 110048, Delhi
Website: www.seil.in
Business Profile
S.E. Investments Ltd (SE Investments)
is registered as a category A deposit
taking NBFC with Reserve Bank of India.
It was promoted as a private limited
company in 1992. The company got
converted into a public limited company
in 1995. SE Investments focuses on small
finance and works with low-income
families to offer financial assistance.
The company also offers term loans and
working capital support to traders and
medium sized companies. The company
offers personal loans, business loans,
loans against property, etc. to individuals/
corporate companies. The company has
developed many schemes for Corporate

Financing according to the size and nature
of business. The company also owns and
administers the first private Safe Deposit
Locker Vault at Agra. The vault is equipped
with the state of art electronic security
systems and other operational facilities like
access control. The company focuses on
semi-urban and rural areas, operating as
a niche player in remote areas, where no
other financier is present.
D&B D-U-N-S 91-683-2658

Service Offerings
MSME Finance, Working Capital, Business &
Personal Loans
Total Income (` mn)
Net Profit (` mn)
2,190.4
704.5
TI Growth (%)
3.82
NP Growth (%)
0.18
NPM (%)
32.16
81

62, Dr. Nanjappa Road, Coimbatore 641018, TN
Website: www.sakthifinance.com
Business Profile
Sakthi Finance Ltd (SFL) is a part of
Sakthi Group located at Coimbatore,
South India. The Sakthi Group is an
industrial conglomerate with presence
in various Industrial Domains with many
group companies, institutions, trusts
and foundations functioning under its
umbrella. SFL was established in 1955 as
a Non-banking finance company (NBFC)
to address the hire purchase financial
needs of the groups TELCO dealership
units. This captive hire purchase business
led the company to grow in this sector.
The company undertakes commercial
vehicle financing with a network of over
38 branches across the country. SFL is a

niche player in the area of refinancing
for commercial vehicles and construction
equipments. The company provides
different financing schemes to meet the
funding requirements of commercial
vehicle operators. The financial services
and solutions offered by SFL are primarily
to the small and medium truck operators.
D&B D-U-N-S 87-141-5764

Service Offerings
Vehicle Finance

Total Income (` mn)
1,287.2
Net Profit (` mn)
139.9
TI Growth (%)
10.82
NP Growth (%)
20.50
NPM (%)
10.88

5th Floor, Kundan Bhawan, Azadpur Commercial Complex, Delhi 110033, Delhi
Website: www.satincreditcare.com
Business Profile
Satin Creditcare Network Ltd (SCNL)
was established in 1990 as a NonBanking Finance Company (NBFC) to offer
individual loans to urban shopkeepers to
procure generators for their businesses.
The company is engaged in microfinance
operations to offer funds to financially
excluded families. As a micro finance
institution, SCNL 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 loans to promote business
expansion, enhanced profitability, and
better employment in local communities.
The companys microfinance operation is

based on the individual and group liability
models. SCNL is listed on Delhi, Jaipur and
Ludhiana stock exchanges. The company
has clients across Bihar, Chandigarh, Delhi,
Haryana, Jammu, Madhya Pradesh, Punjab,
Rajasthan,Uttar Pradesh and Uttrakhand.
D&B D-U-N-S 91-584-0743

Service Offerings
Micro Finance and Working Capital

943.3
Total Income (` mn)
38.9
Net Profit (` mn)

TI Growth (%)
67.77
NP Growth (%)
178.64
4.13
NPM (%)
SBI DFHI Limited

Voltas House (3rd Floor), 23, J. N. Heredia Marg, Ballard Estate, Mumbai 400001, Maharashtra
Website: www.sbidfhi.com
Business Profile
SBI DFHI Ltd (SBI DFHI) is a part of the
State Bank of India Group. The company
was established in 2004 on account of the
merger between the RBI promoted Discount
& Finance House of India (DFHI) and SBI
Gilts Ltd, a subsidiary of SBI. SBI DFHI
operates in the primary dealer segment of
the domestic debt market. The company
has presence in all major financial centers
of India. As primary dealers, SBI DFHI
undertakes trade in Fixed Income Securities
such as Treasury Bills, Government
securities, State Development Loans, Non
SLR Bonds, Corporate Bonds, etc. and
Short Term Money Market instruments
82
such as Certificates of Deposit, Commercial

Paper, Inter- Corporate Deposits, Call &
Notice Money Deposits, etc. The company
also undertakes retailing of Government
Securities, including small lots and is also
engaged in distribution of Mutual Fund
products. The company also participates in
the domestic interest rate derivatives and
equities/equity futures markets.
D&B D-U-N-S 65-009-6787

Service Offerings
Securities Trading

Total Income (` mn)
3,182.2
Net Profit (` mn)
802.9
TI Growth (%)
57.60
NP Growth (%)
84.55
NPM (%)
25.23

221, Royapettah High Road, Mylapore, Chennai 600004, TN
Website: shriramcity.in
Business Profile
Shriram City Union Finance Ltd
(Shriram City) was incorporated in 1986,
and is part of the Shriram Group. Shriram
City is listed on the BSE, NSE and Madras
Stock Exchanges. Shriram City is a financial
services company specializing in retail
finance. Shriram Citys comprehensive
offerings include finance for Two Wheelers
and Three Wheelers, Four Wheeler Finance;
Personal Loans, Small Business Loans, and
Loan against Gold etc. The company caters
to small businesses by offering loans to selfemployed professionals, wholesale/retail
dealers, general merchants, manufacturers,
hotel/ catering services and tour operators
among others. The companys auto loans

business offers a variety of loans against
new and pre-owned two wheelers, three
wheelers, and four wheelers including
both passenger and commercial vehicles.
The companys clientele substantially
comprises of customers of other entities
in the Shriram Group. In Nov 2010,
Shriram City incorporated a wholly-owned
subsidiary Shriram Housing Finance Ltd.
D&B D-U-N-S 67-599-2134

Service Offerings
Retail Finance

Total Income (` mn)
Net Profit (` mn)
30,830.1
4,496.2
TI Growth (%)
49.92
NP Growth (%)
31.26
NPM (%)
14.58

302-306, ShabriSamriddhi Building, Sion - Trombay Road, Chembur (East), Mumbai 400071, Maharashtra
Website: www.sefc.in
Business Profile
Shriram Equipment Finance Company
Ltd (SEFC) is a wholly owned subsidiary of
Shriram Transport Finance Company Ltd
(STFC). SEFC started its operations in Oct
2010 and is engaged in the construction
equipment finance business. The company
is registered with the Reserve Bank of India
as a non-deposit taking, non-banking
financial company. The company provides
affordable financing of pre-owned and
new construction equipment. SEFC
offers various product offerings such as
new construction equipment loan, used
construction equipment loan, refinance
on existing used equipment, top up loans,
dealer trade finance. SEFC offers finance

to contractors, sub-contractors, mine
owners and operators, plant hirers and
others engaged in the development of
the countrys infrastructure industry. The
company operates with over 154 manned
branches and over 565 collection centres
catering to more than 18,000 customers.
D&B D-U-N-S 86-381-3207

Service Offerings
Asset Finance

Total Income (` mn)
4,050.3
Net Profit (` mn)
893.3
TI Growth (%)
92.77
NP Growth (%)
73.05
NPM (%)
22.06

Wockhardt Towers, 3rd Floor, West Wing, G Block, BKC, Bandra (East), Mumbai - 400051, Maharashtra
Website: www.stfc.in
Business Profile
Shriram Transport Finance Company
Ltd (STFC) was established in the year
1979 and is registered as a Deposit taking
NBFC with Reserve Bank of India. STFC is
the flagship company of Shriram Group
which is a diversified group with presence
in financial services, manufacturing, value
added services, project development,
engineering services, pharmaceuticals, etc.
STFC provides various financial services
including financing of pre-owned and
new commercial vehicles, passenger
vehicles, tractors, three wheelers, multiutility vehicles etc. The company also
provides ancillary services such as finance
for working capital, engine replacement,

bill discounting, credit cards and tyre
loans. The company also owns, operates
and manages automall physical auction
platform for pre-owned commercial vehicle
through its subsidiary company Shriram
Automall India Ltd. As on Mar 31, 2013 the
company operates with a network of 539
branches across the country.
D&B D-U-N-S 65-020-0819

Service Offerings
Vehicle Finance

Total Income (` mn)
65,635.9
Net Profit (` mn)
13,606.2
TI Growth (%)
11.36
NP Growth (%)
8.20
NPM (%)
20.73
83
SICOM Limited
6th floor, Building No. 4, Solitaire Corporate Park, Guru Hargovindji Road, Chakala, Andheri (East), Mumbai 400093, Maharashtra
Website: www.sicomindia.com
Business Profile
SICOM Ltd (SICOM) was incorporated
on Mar 31, 1966. The company majorly
operates in the business of corporate
lending. SICOM is registered as a NonBanking Financial Company (non-deposit
accepting) with RBI. SICOM offers various
fund-based and non-fund based products
and services (including advisory to
corporates) to entrepreneurs. The products
and services of SICOM include fund-based
and non-fund based advisory services,
and treasury and forex. Fund based
services include long term loan, corporate
loan, short term loan, bill discounting,
factoring of receivables and IPO financing.
Advisory services are offered to SME

sector, infrastructure sector, corporates
and Government etc. After 1994 SICOM
has been providing its services for projects
based all across India. SICOM has 5
regional offices located at Delhi, Nagpur,
Pune, Aurangabad and Nashik. SICOM
Ltd (SICOM) has also signed a MoU with
India Infrastructure Finance Company Ltd
(IIFCL) to co-operate in different areas of
infrastructure funding.
D&B D-U-N-S 67-755-4707

Service Offerings
Corporate Finance, Short & Long Term Loans,
Refinancing, IPO Finance
Total Income (` mn)
Net Profit (` mn)
10,015.0
1,956.5
TI Growth (%)
8.93
NP Growth (%)
9.37
19.54
NPM (%)

Pachpahar Road, Bhawanimandi 326502, Rajasthan
Website: www.silinvestments.in
Business Profile
SIL Investments Limited (SIL) was
incorporated in 1934 as Sutlej Cotton Mills
Limited and was named before demerger of
textiles divisions in the year 1995 as Sutlej
Industries Ltd. In 2007, post the demerger
of the textile division of the company, the
name of the company was changed to its
present name. SIL is registered as a NBFC
from May 2009 in the category of NonDeposit Taking Systematically Important
NBFC (ND-SI). SIL has four subsidiaries
t namely, SCM Investment and Trading
Company Ltd, RTM Investment and Trading
Company Ltd, SIL Properties Ltd and RTM
Properties Ltd. During FY13, the company
has earned income from dividends, rent

income and interest on ICD lending. The
Companys core businesses are commercial
finance and investments. In FY13, CRAR
stood at 39.3% as against 15% of the
minimum regulatory requirements. As
on March 31 2013, the asset size of the
company stood at ` 2.7 bn. The investment
portfolio of the quoted investments was
` 811.3 bn as on March 31 2013.
D&B D-U-N-S 91-538-2795

Service Offerings
Investment and Financing Activities

312.5
Total Income (` mn)

Net Profit (` mn)
86.6
TI Growth (%)
0.69
NP Growth (%)
(16.13)
27.72
NPM (%)

SIDBI Tower, 15, Ashok Marg, Lucknow 226001, Uttar Pradesh
Website: www.sidbi.in
Business Profile
Small Industries Development Bank
of India (SIDBI), established in Apr 1990
under an Act of parliament, is the principal
financial institution for promoting,
financing and developing micro, small
and medium enterprise sector and for
co-ordination of the functions of the
institutions engaged in similar activities.
SIDBI provides services such as risk capital
/ equity assistance, sustainable finance,
factoring and reverse factoring, services
sector financing, etc to MSME. The bank
provides direct finance to the banks/FIs to
meet the varied credit needs of MSMEs.
During FY13, the banks niche financial
84
products business increased to ` 35.9

bn from ` 28.5 bn in FY12, registering a
growth of 23%. As on March 31 2013,
SIDBIs outstanding portfolio stood at `
560.6 bn as compared to ` 537.9 bn. As
on March 31 2013, SIDBIs cumulative
disbursements was ` 2,850 bn, benefiting
more than 32.8 mn people. During FY13,
SIDBI signed an MoU with NASSCOM with
a view to channelising growth capital /
equity to the MSMEs in the ICT (Information
& Communication Technology) space.
D&B D-U-N-S 86-218-7127

Service Offerings
MSME Finance

Total Income (` mn)
Net Profit (` mn)
54,012.1
8,373.5
TI Growth (%)
17.25
NP Growth (%)
47.72
NPM (%)
15.50

6A, Kiran Shankar Roy Road, Kolkata - 700 001, WB
Website: www.srei.com
Business Profile
Srei Infrastructure Finance Ltd (Srei
Infrastructure Finance) was incorporated in
1989 with the core focus on infrastructure
sector. In 2013, the company received inprinciple approval from RBI for setting
up White Labels ATMs. Srei infrastructure
Finance operates in three business verticals
namely fund based services, fee based
services and strategic investments. Its
fund based services includes infrastructure
equipment finance which includes leasing
and hire purchase of infrastructure,
construction equipment and machinery
to various construction companies and
enterprises engaged in civil and mechanical
construction; and project financing that

includes debt, equity and mezzanine capital
for various infrastructure projects. Its fee
based services 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 telecom networks,
transportation projects, power projects, SEZ
& industrial parks, rentals, water & waste
management and rural IT infrastructure.
During FY13, AUM stood at ` 307.6 bn and
disbursement at ` 156.7 bn. CRAR of the
company stood at 21.7% as compared to
20.2% in FY12.
D&B D-U-N-S 65-075-7987

Service Offerings
Asset Finance & Project Advisory Services

Total Income (` mn)
16,664.7
Net Profit (` mn)
949.6
TI Growth (%)
41.14
NP Growth (%)
63.84
5.70
NPM (%)

A/B1, 802, A-Wing, 8th Floor, 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, with
the objective of fostering an active
secondary market in GoI securities and
public sector bonds. In 1996, the company
was authorized by RBI as one of the first
primary dealers in India. In Oct 2011,
the company acquired its present name
and re-classified as a loan NBFC from an
investment NBFC. STCI Finance primarily
focuses lending and treasury business. The
company offers services such as prmoter
funding, ESOP finance, margin funding,
loans for IPO, FPO, rights issie and loans
against marketable securities, term loans

,etc. As on March 31 2013, the total loan
book size increased to ` 18.8 bn grew by
50%. During FY13, STCI Finances net NPA
stood at ` 461.8 mn, forms 2.5% of the
total loan outstanding. During the same
period, the company issued 9.8% secured,
Non Convertible Debentures (NCDs) of
` 1.50 bn with a green shoe option of ` 1.5
bn, redeemable after 3 years, on private
placement basis.
D&B D-U-N-S 87-127-4305

Service Offerings
Loans and Treasury Services

Total Income (` mn)
2,689.7
Net Profit (` mn)
788.1
TI Growth (%)
74.29
NP Growth (%)
69.62
NPM (%)
29.30

301, Centre Point, Dr. Babasaheb Ambedkar Road, Parel, Mumbai 400012, Maharashtra
Website: www.stockholding.in
Business Profile
Stock Holding Corporation of India Ltd
(SHCIL) was incorporated as a public ltd
company in 1986. It was jointly promoted
by leading banks and financial institutions
viz, IFCI Ltd, IDBI Bank, SU-UTI, LIC, GIC,
NIA, NIC, UIC, and TOICL. SHCILs main
business is to provide custodial/depository
participant and Estamping services to its
clients. SHCIL also provides derivatives
clearing, PF fund accounting, SGL
constituent account services, distribution
of mutual funds and other capital
market instruments and also engaged in
distribution of life and non-life insurance
policies. Other offerings of the company
are online net trading, loan against

shares, western union money transfer and
Estamping. SHCIL also acts as a central
record keeping agency for collection and
payment of non judicial stamp duty in
states. SHCIL is a depository participant
having 211 offices/ facilitation centers
across the country for the year ended
FY13. Three new states / union territories
were added during FY13,thereby taking
total to 12 States / Union Territories. As
on FY13, the company has 27 operational
authorised collection centres and 3,797
e-Stamping counters on a pan-India basis.
D&B D-U-N-S 86-388-2125

Service Offerings
Custodial and Depository Services

Total Income (` mn)
2,902.4
Net Profit (` mn)
500.8
TI Growth (%)
11.10
NP Growth (%)
38.69
NPM (%)
17.25
85

21, Patullos Road, Chennai - 600002, TN
Website: www.sundaramfinance.in
Business Profile
Sundaram Finance Ltd (Sundaram
Finance) was incorporated in 1954, with
the object of financing the purchase of
commercial vehicles and passenger cars.
In 1972, Sundaram Finance went public. In
1972, the company got listed in the Madras
Stock Exchange and later in 1998 on the
NSE. Sundaram Finance was promoted
by Madras Motor Insurance Company,
a part of the TVS Group. The company
was diversified into leasing in 1981 and
operates through a portfolio ranging from
computers to aircraft. Sundaram Finance
entered the automobile industry by
launching Sundaram Car Finance exclusively
to finance cars and utility vehicles. The

company mainly deals in M&HCV segment
and has presence across several other
segments of the automotive industry,
including light commercial vehicles and
tractors. In addition, it also offers number
of working capital products to commercial
vehicle customers and distributes a wide
range of retail financial products, such as
home loans, insurance and mutual funds.
D&B D-U-N-S 65-018-9509

Service Offerings
Asset Finance

Total Income (` mn)
Net Profit (` mn)
21,317.8
4,101.1
TI Growth (%)
21.19
NP Growth (%)
15.38
NPM (%)
19.24

692, Anna Salai, Nandanam, Chennai - 600035, TN
Website: www.tiic.org
Business Profile
Tamilnadu
Industrial
Investment
Corporation Ltd (TIIC), a premier state
financial corporation was established in
1949. The company provides financial
assistance to industries for purchase of land,
machinery and construction of buildings.
It also provides financial assistance at
competitive interest rates for setting up
of new industrial units and for expansion,
modernization and diversification of
existing industries in TN. TIIC also offers
loan for service sector projects such as
hotels, hospitals and tourism related
projects. The companys product portfolio
comprises of term loans, bill financing,
working capital term loan and insurance.

Some of the schemes offered by the
company include bill financing scheme,
warehouse/storage scheme, single window
scheme,
entrepreneur
development
scheme, scheme for commercial complex,
convection centers, community halls
and general term loan schemes amongst
others.
D&B D-U-N-S 92-180-9005

Service Offerings
Term Loans, Working Capital, Refinance,
Insurance
Total Income (` mn)
2,158.2
Net Profit (` mn)
350.4
TI Growth (%)
11.67
NP Growth (%)
(27.60)
16.24
NPM (%)

One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra
Website: www.tatacapitalfinancialservices.com
Business Profile
Tata Capital Financial Services Ltd
(TCFSL), a wholly owned subsidiary of
Tata Capital Ltd was accorded the status
of a systemically important non deposit
accepting NBFC by the RBI in 2011. The
company offers fund and fee-based
financial services under the Tata Capital
brand. These services are catered to retail,
corporate and institutional customers
across various areas of business namely
commercial finance, infrastructure finance,
wealth management, consumer loans
and distribution & marketing of Tata
cards.. Under corporate segments, TCFSL
offers short and long term products via
86
commercial finance, infrastructure finance

and leasing finance. The consumer finance
and advisory division offers variety of loans
like auto loans, commercial vehicle loans,
business loans, consumer durables, loans
against property, securities and tractor
loans. The company manages the marketing
and distribution of The Tata Card which
is a White Label Credit Card issued and
operated by SBI Cards. The card provides
the convenience of an international credit
card and enables customers to earn and
redeem points instantly across several Tata
Group loyalty partners.
D&B D-U-N-S 86-009-7272

Service Offerings
Commercial Finance, Infrastructure Finance,
Wealth Management, Consumer Loans
Total Income (` mn)
Net Profit (` mn)
27,008.6
2,761.2
TI Growth (%)
22.45
NP Growth (%)
63.65
NPM (%)
10.22

One Forbes, Dr. V.B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra
Website: www.tatacapital.com
Business Profile
Tata Capital Ltd (TCL), a subsidiary of
Tata Sons Ltd got registered with RBI in
May 2012 as a core investment company
(CIC). The companys non-CIC business
comprising primarily the financing business
was transferred to its subsidiary, Tata
Capital Financial Services Ltd. The company
offers fund and fee-based financial services
to the customers directly or through its
subsidiaries. TCL is a one-stop financial
solutions partner, which offers products
and services such as consumer finance,
home loans, loan against property,
investment services, wealth management,
commercial finance, leasing solutions,
cleantech finance, equity broking, private

equity, investment banking, rural finance,
travel & forex cards, etc. These services
are mainly catered to retail, corporate
and institutional customers. The company
mainly caters to the domestic market with
offices located in Singapore and London.
During FY13, the company through its
subsidiary, Tata Cleantech Capital Ltd
commenced the clean-technology funding
and leasing businesses.
D&B D-U-N-S 65-033-1577

Service Offerings
Consumer Finance, Home Loans, Commerical
Finance, Wealth Management
Total Income (` mn)
1,453.9
229.8
Net Profit (` mn)

TI Growth (%)
(31.44)
NP Growth (%)
(76.17)
15.81
NPM (%)

Elphinstone Building, 10, Veer Nariman Road, Mumbai - 400001, Maharashtra
Website: www.tatainvestment.com
Business Profile
Tata Investment Corporation Ltd
(TICL) formerly known as The Investment
Corporation of India Ltd, is and NBFC
registered with RBI under the investment
company category. The company was
promoted by Tata Sons Ltd in 1937 and
became a public limited company in 1959.
In 2008, the company became a subsidiary
of Tata Sons Ltd. Earlier, the companys
activities mainly involved in assisting
in the establishment of new ventures.
However, TICL was transformed as an
investment company with a diversified
portfolio of investments. The company
is primarily involved in investing in long-
term investments such as equity shares,

debt instruments, listed and unlisted, and
equity related securities of companies.
In FY13, TICL acquired 95.57% stake in
Simto Investment Co Ltd thus becoming a
subsidiary of the company.
D&B D-U-N-S 86-220-8498

Service Offerings

Total Income (` mn)
2,061.7
Net Profit (` mn)
1,671.4
TI Growth (%)
2.12
NP Growth (%)
3.44
81.07
NPM (%)

I-Think Techno Campus Building A, 2nd Floor, Off Pokhran Road No. 2, Thane (West) - 400 601, Maharashtra
Website: www.tmf.co.in
Business Profile
Tata Motors Finance Ltd (TMFL) was
established in 1957 as BHPC (Bureau for
Hire Purchase and Credit) for commercial
vehicle financing. TMFL was formed in
June 2003 as a common front-end, jointly
formed by BHPC of Tata Motors and the
asset financing division of Tata Finance
Ltd. This company was a virtual firm,
with both the divisions retaining their
legal identity, solely financing Tata Motors
vehicles. Consequently, Tata Finance was
merged with Tata Motors and in Apr 2005
TMFL was made a part of Tata Motors
division. TMFL is engaged in the business
of vehicle financing. TMFL is a 100 %
subsidiary company of Tata Motors Ltd

(TML). TMFL undertakes the financing of
all passenger cars & commercial vehicles
made by TML. The company has presence
across more than 150 locations and at all
TML authorized dealerships. The company
serves more than two million customers.
D&B D-U-N-S 87-178-0791

Service Offerings
Vehicle Finance

Total Income (` mn)
Net Profit (` mn)
28,346.6
3,093.0
TI Growth (%)
36.74
NP Growth (%)
28.93
NPM (%)
10.91
87
Tourism Finance Corporation of India Limited

13th Floor, IFCI Tower, 61 Nehru Place, New Delhi 110019, Delhi
Website: www.tfciltd.com
Business Profile
Tourism Finance Corporation of India
Ltd (TFCI) was incorporated in 1989 as a
public limited company. The company was
promoted by IFCI Ltd along with other all
India financial/investment institutions and
nationalised banks to provide financial
assistance exclusively to tourism related
projects/ industries. The company became
operational with effect from Feb 1, 1989 on
receiving Certificate of the Commencement
of Business from the Registrar of Companies.
TFCI offers financial assistance to tourism
related projects and enterprises in the
form of rupee loan, underwriting of public
issues of shares/debentures and direct
subscription to such securities, guarantee

of deferred payments and credit raised
abroad, equipment finance, equipment
leasing, assistance under suppliers credit,
working-capital
financing,
takeover
financing and advances against credit-card
receivables. TFCI offers financial assistance
to firms for setting up and/or development
of tourism-related projects, facilities and
services such as Hotels, Restaurants, Holiday
Resorts, Amusement Parks, Multiplexes
and Entertainment Centers, Education and
Sports, Safari Parks, Rope-ways, Cultural
Centers, Convention Halls, Transport, Travel
and Tour Operating Agencies, Air Service,
Tourism Emporia, Sports Facilities etc.
D&B D-U-N-S 85-950-1543

Service Offerings
Financial Assistance to Tourism Sector

Total Income (` mn)
1,824.0
Net Profit (` mn)
555.3
TI Growth (%)
39.96
NP Growth (%)
12.24
NPM (%)
30.44

#93, Jakkasandra Extension, Sarjapur Main Cross Road, 1st Block, Koramangala, Bengaluru 560034, Karnataka
Website: www.ujjivan.com
Business Profile
Ujjivan Financial Services Pvt Ltd
(Ujjivan) was incorporated in 2005 as a
NBFC by RBI. Ujjivan is a microfinance
institution attending to the economically
active poor customers in urban and semiurban areas. The company offers collateralfree loans as part of the customer group
guarantee model; individual loans as well as
life insurance cover. The product portfolio
of the company comprises various loans
for individual, business, livestock, housing,
bazaar, business, emergency, education,
top up, and family loans. The company has
regional offices in Kolkata, New Delhi and
Pune. As on Mar 31, 2013 Ujjivan serves
more than 1.1 mn active borrowers with

operations across 20 states and Union
Territories including 47 under-banked
districts. As on Mar 31, 2013 the company
operates with a network of 301 branches
and 3,656 employees. In FY13, Ujjivan
launched micro pension products which
provides a safety net for the future when
physical labour becomes difficult, earnings
decrease substantially and access to finance
from financial institutions reduces.
D&B D-U-N-S 67-594-2533

Service Offerings
Micro Finance and Business Loans

Total Income (` mn)
2,339.3
Net Profit (` mn)
338.5
TI Growth (%)
49.66
NP Growth (%)
1,874.09
14.47
NPM (%)

11B & 12B, 1st Floor, Mittal Tower, B-Wing, Nariman Point, Mumbai 400021, Maharashtra
Website: www.urbaninfra.com
Business Profile
Urban Infrastructure Venture Capital
Ltd (UIVCL) is a 100% subsidiary of Jai
Corp Ltd. Jai Corp Ltd is a public limited
company listed on the NSE and the BSE.
UIVCL is majorly engaged in investment
management business. UIVCL is a
venture capital management company.
The company has been playing an active
role as an investment manager to Urban
Infrastructure Venture Capital Fund, a
venture capital fund. Further, the company
has been playing an active role as an
investment advisor to Urban Infrastructure
Capital
Advisors
(UICA),
Mauritius.
Further, the company has counseled to
88
Urban Infrastructure Real Estate Fund

(UIREF) on account of assets managed
by UICA, Mauritius. The company has
been administering two funds, Urban
Infrastructure Opportunities Fund (UIOF)
and UIREF. UIVCL acts as the investment
manager to UIOF, an Indian venture capital
fund, investing in domestic real estate.
On the suggestion of UIVCL as investment
manager, the Urban Infrastructure Trustees
Ltd, a trustee to the trust viz., Urban
Infrastructure Venture Capital Fund has
increased the term of its scheme UIOF by
one year to June 8, 2014.
D&B D-U-N-S 65-032-4200

Service Offerings

Total Income (` mn)
677.9
Net Profit (` mn)
313.9
TI Growth (%)
(12.08)
NP Growth (%)
(18.84)
NPM (%)
46.31
VLS Finance Limited

2nd Floor, 13, Sant Nagar, East of Kailash, New Delhi 110065 Delhi
Website: www.vlsfinance.com
Business Profile
VLS Finance Ltd (VLS Finance), the
flagship company of VLS group, was
incorporated in 1986. VLS Finance classifies
its business into two divisions viz. corporate
consulting & advisory services division and
investment banking services division. VLS
provides investment banking, structured
finance, stock broking, privatization &
infrastructure finance etc. The corporate
consulting & advisory services division
of VLS Finance is associated with 200
corporate in diverse businesses such as
packaging, FMCG, real estate development,
software, construction etc. The advisory
services division of VLS Finance provides
services to Indian and foreign corporate.

The companys investment banking
services division offers various services
such as determination of the optimum
issue size and pricing, drafting of the offer
document and filling the same with SEBI
for approval, co-ordination with regulatory
authorities etc.
D&B D-U-N-S 67-636-7412

Service Offerings
Project Finance, Leasing and Investments

Total Income (` mn)
23,221.4
Net Profit (` mn)
18.5
TI Growth (%)
8.68
(14.10)
NP Growth (%)
0.08
NPM (%)

Spice Tower, Phase II, CTS R-10, Anand Nagar, New Link Road, Jogeshwari (W), Mumbai 400102, Maharashtra
Website: www.wallstreetfinanceltd.com
Business Profile
Wall Street Finance Ltd (WSFL), a
Spice group company, was incorporated
in 1986 as a public ltd company and
branded as Spice Money. The company is
dealing in money exchange and money
transfer services. WSFL is a listed nonbanking financial company engaged in the
business of foreign exchange and money
remittance. The company is an authorized
dealer (Category II) as per the license
granted by the RBI. The company has a
network of over 39 branch locations and
over 6,000 sub-agents. WSFL is engaged
in foreign exchange business, exporting
currencies to leading banks and exchange
houses world-wide in the wholesale

segment and also services individuals,
education & immigration consultants and
tour operators in the retail segment. WSFL
acts as principal agent for Western Union
Money Transfer. In FY13, the company has
entered into tie-ups with many banks such
as American Express, ICICI Bank etc. to sell
their forex prepaid cards.
D&B D-U-N-S 85-992-5619

Service Offerings
Forex and Remittance Services

346.6
Total Income (` mn)
13.3
Net Profit (` mn)
(0.62)
TI Growth (%)
LP
NP Growth (%)
3.82
NPM (%)

#50, Millenium Towers, Queens Road, Bangalore- 560 051
Website: www.weizmannforex.com
Business Profile
Weizmann Forex Ltd, a part of
Weizmann Group was incorporated in
the year 1993. The company is primarily
involved in the business of money changing
and money transfer. These key businesses
are supplemented by the companys travel
related business, corporate insurance
broking, services to the telecom industry
and power generation from renewable
energy sources. The company deals in
foreign currency cash, foreign currency Demand Draft (DD) and Telegraphic Transfer
(TT), co-branded international prepaid
travel cards, travellers cheques, import and
export of foreign currency, inbound money
transfer, facilitating remittances for trade

related imports through Western Union
Business Solutions, travel insurance, tours
and travel international and domestic
air tickets, customized holiday packages,
mobile and DTH recharge and thereby
offering an entire basket of products and
services under one umbrella. The company
in association with Western Union has also
undertaken activities in the field of export
referral, import referral, prepaid INR cards,
domestic money transfer.
D&B D-U-N-S 65-005-0193

Service Offerings
Money Changing and Money Transfer

Total Income (` mn)
Net Profit (` mn)
44,759.2
204.6
TI Growth (%)
5.54
NP Growth (%)
0.21
NPM (%)
0.46
89
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
90
Broking

Sr No
Company Name
BLB Limited
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Marwadi Shares and Finance Limited
24
25
26
27
28
29
30
31
32
93

Sr No
Company Name
Total Income (` mn)
8,302.2
7,378.4
6,069.9
5,504.7
3,474.1
3,473.5
3,368.8
3,232.5
2,693.9
10
2,327.9
11
2,321.0
12
1,773.9
13
1,751.3
14
1,319.9
15
1,145.2
16
1,132.8
17
997.2
18
973.7
19
913.2
20
823.9
21
798.7
22
768.2
23
719.1
24
BLB Limited
718.6
25
715.7
26
501.8
27
486.1
28
442.0
29
421.1
30
360.1
31
283.4
32
275.3
95

Indian Rayon Compound, Veraval - 362266, Gujarat
Website: www.adityabirlamoney.com; SEBI Registration Number: BSE: INB011347037; NSE: INB/INF231347031
Business Profile
Aditya Birla Money Ltd (Aditya Birla
Money) formerly known as Apollo Sindhoori
Capital Investments was incorporated in
2000. In 2009, the company become part
of Aditya Birla Group and diversified their
operations into broking business. The
company deals into equity and derivatives
market through BSE and NSE and trades
into currency market through MCX-SX.
The other services of the company includes
mutual funds, life insurance and general
insurance products, property services,
fixed deposits etc. Aditya Birla Money is
a registered as a DP with NSDL and CDSL
and offers depository services. It also
provides commodity trading on MCX and

NCDEX through its subsidiary company,
Aditya Birla Commodities Broking Ltd.
Research services of the company include
fundamental report, technical report,
derivative report, and commodity report
and portfolio analysis among others.
The company also offers distribution of
structured products, alternate investments,
and wealth management service catering
to HNI customers through Aditya Birla
Money Mart Ltd. Aditya Birla Money has
strong distribution network of over 800
branches and franchisee network and
more than 180,000 customer based.
D&B D-U-N-S 65-067-3510

Service Offerings
Equity & Derivative Trading

715.7
Total Income (` mn)

Net Profit (` mn)
(126.7)
(1.12)
TI Growth (%)
LL
NP Growth (%)
NPM (%)
(17.70)

2E/8, Alankit House, Jhandewalan Extn, New Delhi 110055, Delhi
Website: www.alankit.com; SEBI Registration Number: BSE: INB/INF010881234; NSE: INB/INF230881235
Business Profile
Alankit Assignments Ltd (Alankit
Assignments) was incorporated in 1991 as
a registrar & share transfer agent and over
the years grew into a financial providing
multiple services. The company started
its broking business in 2005. Alankit
Assignments serves institutional and retail
clients and primarily provides services in
equity, derivative and currency derivative
segment. The company also provides
commodity trading services through its
subsidiary Alankit Imaginations Ltd which
is registered with leading commodity
exchanges such as NCDEX, MCX, NSEL,
NCDEX-Spot, NSEL among others. In
addition to these, the company also

offered IPO services, portfolio management
services, wealth management, investment
advisory, direct insurance broking and third
party administration services to its clients.
The company is a registered depository
participant with NSDL and CDSL. The
company also acts as New Pension System
(NPS) intermediary to provide pension
services such as subscriber registration,
receiving regular contributions, grievance
handling etc. to pension subscribers.
D&B D-U-N-S 91-533-0146

Service Offerings
Equity & Derivative Trading, DP

768.2
Total Income (` mn)
66.7
Net Profit (` mn)

TI Growth (%)
(19.82)
LP
NP Growth (%)
8.68
NPM (%)

Level 5, Grande Palladium, 175, CST Road, Kalina, Santacruz (East) Mumbai - 400098, Maharashtra
Website: www.almondzglobal.com; SEBI Registration Number: BSE: INB011225233; NSE: INB/INF231225237
Business Profile
Almondz Global Securities Ltd (AGSL)
was incorporated in 1994. The company is a
member of NSE in the cash and derivatives
segment and BSE in cash segment.
AGSLs mainly operates in four verticals
namely corporate finance, debt portfolio
management, retail and distribution and
equity broking. In corporate finance, the
company provides equity and debt issuance,
debt syndication, M&A and infrastructure
advisory services to their clients. The equity
broking business consists of both retail
and institutional broking. The company is
a registered DP with CSDL for depository
services. The retail distribution segment
96
comprises of IPOs, public issue of debt,

mutual funds, tax saving instruments,
fixed income instruments and insurance
products. In the debt markets, the company
has relationships with over 4,000 leading
provident funds. Under distribution of
third-party financial products, AGSL has
built a large base of retail customers as
well as country-wide network of 1500
franchisees. The company also deals into
commodity trading business through its
group company, Almondz Commodities
Pvt. Ltd. under membership from MCX
and NCDX and insurance broking business
through Almondz Insurance Brokers Pvt.
Ltd.
D&B D-U-N-S 91-860-4096

Service Offerings
Trading & Financial Services

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
486.1
0.2
(20.04)
LP
0.03

11th Floor, Times Tower, Kamala Mill Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra
Website: www.rathi.com; SEBI Registration Number: BSE: INB011371557/INF010676931; NSE: INB/INF230676935
Business Profile
Anand Rathi Share and Stock Brokers
Ltd (Anand Rathi) was established in
1994 and offers a wide range of financial
services and wealth management solutions
to institutions, corporations and HNIs.
The company is a member of Bombay
Stock Exchange (BSE) and National Stock
Exchange (NSE) and is also a depository
participant registered with National
Securities Depository Limited (NSDL).
The company primarily offers services in
equity, derivative and currency derivative
segments. In addition, the company also
offers a wide range of services such as
investment banking, portfolio management
services and research services in the areas

of economic research, IPO, derivatives
strategies and impact analysis of credit
policy and budget among others. Other
products offered by the company include
mutual funds, life and general insurance,
foreign exchange trading among others.
Anand Rathi provides commodity trading
services through its associate, Anand Rathi
Commodities Ltd.
D&B D-U-N-S 65-075-8092

Service Offerings
Equity & Derivative Trading, DP, IPO

Total Income (` mn)
1,132.8
32.9
Net Profit (` mn)

TI Growth (%)
(5.38)
NP Growth (%)
34.23
2.90
NPM (%)

3rd Floor, Krishna Bhavan, 67, Nehru Road, Vile Parle (E) Mumbai - 400057, Maharashtra
Website: www.arihantcapital.com; SEBI Registration Number: BSE: INB/INF010705532; NSE: INB/INF230783938
Business Profile
Arihant Capital Markets Ltd (Arihant
Capital), one of the leading broking and
financial service provider was incorporated
in 2001. The company is a member of both
the BSE and NSE in the cash and derivative
segments. It also acts as a registered
DP with NSDL and CDSL for depository
services. The company offers gamut of
products and services including securities
and commodities trading, financial
planning, depository services, priority
client group services (PCG) and merchant
banking. The broking business trades into
equities and derivatives market. It offers
commodity trading through its group
company Arihant Commo Derivatives Pvt.

Ltd. which is registered under MCX and
NCDX. The priority client group (PCG)
service offers customized and integrated
investment solutions to HNIs, HUFs, NRIs
and big corporates. It also offers merchant
and investment banking services in the
form of capital market services, corporate
finance and strategic services. The research
wing of the company provides services
in the field of economic research, result
expectations, derivative strategies, mutual
fund & IPO research, commodity, currency
research and many other special reports.
D&B D-U-N-S 65-034-0800

Service Offerings
Trading, DP & Financial Services

360.1
Total Income (` mn)
26.4
Net Profit (` mn)

TI Growth (%)
(2.01)
NP Growth (%)
36.02
7.32
NPM (%)
BLB Limited
3rd Floor, ECE House, Annexe - II, 28A, Kasturba Gandhi Marg, New Delhi - 110001, Delhi
Website: www.blblimited.com; SEBI Registration Number: BSE: INB010642837; NSE: INB/INF231134539
Business Profile
BLB Ltd (BLB), the flagship company of
BLB Group is one of the leading providers to
the equity and derivative markets in India.
The group consists of equity, derivative
and commodity trading companies with
more than 40 years of trading expertise
in the Indian capital markets. BLB was
incorporated in 1981 and is listed on both
the NSE and BSE. It also holds membership
of MCX-SX and United Stock Exchange. The
company operates under cash segment of
BSE and the cash and derivative segment
of NSE. BLB operates through four
different verticals namely trading and
hedging, investment, special situation
arbitrage and jobbing & arbitrage. BLB

through its subsidiary BLB Commodities
Ltd offers commodity trading services in
the form of commodity exchange future
trading, export, import of commodities
and global trading in commodities. It holds
membership under MCX, NCDX, ACE, ICEX
and NSEL for commodity trading. The
company has strong pan-India sourcing
network and also sources from other low
cost markets like Sub-Saharan Africa and
Asia Pacific regions.
D&B D-U-N-S 65-075-8100

Service Offerings
Online Trading of Shares and Derivatives

Total Income (` mn)
718.6
Net Profit (` mn)
(27.7)
TI Growth (%)
NP Growth (%)
NPM (%)
(45.68)
LL
(3.85)
97

Bonanza House, Plot No. M-2,Cama Industrial Estate, Walbhat Road, Goregaon (East), Mumbai - 400063, Maharashtra
Website: www.bonanzaonline.com; SEBI Registration Number: BSE: INB/INF011110237; NSE: INB/INF230637836
Business Profile
Bonanza Portfolio Ltd (Bonanza
Portfolio) was established in the year 1994
and is a member of Bombay Stock Exchange
(BSE) and National Stock Exchange (NSE).
Bonanza Portfolio is also a depository
participant of National Securities Depository
Limited (NSDL) and Central Depository
Services Limited (CDSL). Currently, the
company is active in equity, derivative,
and mutual fund segment and primarily
serves retail clients. The company has more
than 1784 outlets spread across 560 cities
in India. The company offers variety of
financial services including equity broking,
advisory services, portfolio management
services, mutual fund investments and

insurance, depository services among
others. Under the investment banking, the
company offers strategic business advisory,
fund raising, strategic investments and
merger & acquisition services. Bonanza
Portfolio offers online trading, Call-n-Trade
option and offline trading at Bonanza
branch office. Under the e-Broking, the
company offers browser-based product
namely Bonanza Netnetlite and softwarebased product namely ODIN Diet.
D&B D-U-N-S 67-559-4664

Service Offerings
Trading, DP, PMS & Mutual Funds

913.2
Total Income (` mn)
22.8
Net Profit (` mn)

TI Growth (%)
(18.19)
NP Growth (%)
(18.99)
2.50
NPM (%)

Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai - 400098, Maharashtra
Website: www.edelweissfin.com; SEBI Registration Number: BSE: INB011311637; NSE: INB/INF231311631
Business Profile
Edelweiss Broking Ltd (Edelweiss
Broking) was incorporated in the year
2008 and is a part of Edelweiss Financial
Services Ltd. The company is a registered
member of the BSE and NSE for cash and
derivatives segment. Edelweiss Broking
acquired its membership with BSE in 2009
and NSE in 2008. The company offers
broking services for equity, derivatives
and currency segments and also offers
services for Gold ETFs, IPOs and mutual
funds. The company also offers mobile
trading application Edelweiss Mobile
Trader to its clients to enable them trade
in various segments through their mobile
devices. Edelweiss Broking also deals into

commodity broking services through its
group company Edelweiss Comtrade Ltd
which is registered with MCX and NCDEX
for commodity broking services.
D&B D-U-N-S 65-075-8118

Service Offerings
Equity & Derivative Trading

Total Income (` mn)
501.8
Net Profit (` mn)
(79.8)
TI Growth (%)
(1.51)
LL
NP Growth (%)
NPM (%)
(15.89)

Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai - 400098, Maharashtra
Website: www.edelweissfin.com; SEBI Registration Number: BSE: INB011193332; NSE: INB/INF231193310
Business Profile
Edelweiss Securities Ltd (Edelweiss
Securities) was incorporated in the year
1998 and is a group company of Edelweiss
Financial Services Ltd. which is engaged
in distribution of wide range of financial
services in the form of retail finance and
debt capital markets, financial markets
including asset management, commodities
and life insurance. In 2004, the company
started with its broking business and
is a registered member of BSE and NSE
for cash and derivatives segment. It
provides services under equity, derivative,
currency and mutual fund segments to
the retail, institutional and individual
98
clients. Edelweiss Broking also deals into

commodity broking services through its
group company Edelweiss Comtrade Ltd
which is registered with MCX and NCDEX
for commodity broking services. The
company also offers research services in
the field of perspective research, corporate
research and alternative and quantitative
research.
D&B D-U-N-S 85-932-2291

Service Offerings
Equity & Commodities Broking

Total Income (` mn)
Net Profit (` mn)
3,232.5
159.3
TI Growth (%)
(28.10)
NP Growth (%)
151.67
NPM (%)
4.93

7th Floor, The Ruby Tower, Senapati Bapat Marg, Dadar (W), Mumbai - 400028, Maharashtra
Website: www.emkayglobal.com; SEBI Registration Number: BSE: INB/INF010901838; NSE: INB/INF230901838
Business Profile
Emkay Global Financial Services Ltd
(Emkay Global) was incorporated as Emkay
Share and Stock Brokers Pvt Ltd in 1996.
Since 2006, the company is a member of
cash and derivative market of both NSE
and BSE. Emkay Global operates through
five different verticals namely institutional
equities, wealth management, commodity
trading, investment banking and insurance
business. The company is a registered
DP with CDSL for providing depository
services. Apart from trading, Emkay Global
offers services such as PMS, investment
banking, demat services, margin financing
and distribution of mutual funds and
insurance among others. The company

also offers research services in the areas of
economic research, mutual fund, IPO, result
expectation, derivatives strategies and
impact analysis of credit policy and budget
among others. Emkay Global operates
commodity services through its group
company Emkay Commotrade LFY13.td. In
addition, it offers wide range of life and
non-life insurance products through its
wholly owned subsidiary Emkay Insurance
Brokers Ltd. which is registered with IRDA.
D&B D-U-N-S 85-955-4980

Service Offerings
Trading, DP, PMS & IPO

Total Income (` mn)
798.7
Net Profit (` mn)
(78.9)
TI Growth (%)
(11.50)
LL
NP Growth (%)
(9.89)
NPM (%)

651-652, Udyog Vihar, Phase V, Gurgaon 122001, Haryana
SEBI Registration Number: BSE: INB011272334; NSE: INB/INF231272338
Business Profile
Fairwealth Securities Ltd (Fairwealth
Securities) is a part of Fairwealth Group
and started its broking business in 2006.
The company is currently active in the
segments of equity, derivatives and
currency derivatives. The company caters
to institutional clients, retail clients and
HNI clients. The company is a member
of Bombay Stock Exchange (BSE) and
National Stock Exchange (NSE)and is
also a depository participant of National
Securities Depository Limited (NSDL) and
Central Depository Services Limited (CDSL).
Fairwealth Securities is also engaged
in the commodity broking by holding
memberships in National Commodity

and Derivatives Exchange (NCDEX), Multi
Commodity Exchange (MCX) and National
Multi Commodity Exchange (NMCE). The
company offers a wide range of financial
services including trading, portfolio
management services, demat services,
distribution of mutual funds, insurance,
market research and wealth management
services among others.
D&B D-U-N-S 91-663-0217

Service Offerings
Trading, DP & PMS

275.3
Total Income (` mn)
1.3
Net Profit (` mn)

TI Growth (%)
(4.57)
NP Growth (%)
(19.79)
0.46
NPM (%)

34 / 659 - P, Civil Line Road, Padivattom, Kochi - 682024, Kerala
Website: www.geojitbnpparibas.com; SEBI Registration Number: BSE: INB011337236; NSE: INB/INF231337230
Business Profile
Geojit BNP Paribas Financial Services
Ltd (Geojit BNP Paribas) started its broking
business in 2009. Goejit BNP Paribas, a part
of BNP Paribas Group is one of the leading
retail financial services company in India
with growing presence in the Middle East.
The company is a member of BSE and NSE
under both cash and derivatives segment.
The gamut of value-added products and
services offered ranges from equities,
derivatives to mutual funds, life & general
Insurance and third party fixed deposits.
The company has partnership with Bajaj
Alliance General Insurance Company
for general insurance business. Geojit
BNP Paribas, a SEBI registered Portfolio

Manager Offers discretionary portfolio
management services. It also provides
commodity trading services through its
group firm Geojit Comtrade Ltd which is
registered commodity broking firms under
MCX and NCDEX. Geojit BNP Paribas acts as
a DP with NSDL and CDSL to provide demat
services to their clients. As on 31 March,
2013 the company had total number of
522 offices with 672,800 client base.
D&B D-U-N-S 65-075-8126

Service Offerings
Online Trading, Retail Finance & Financial
Services
Total Income (` mn)
2,327.9
Net Profit (` mn)
419.6
TI Growth (%)
(1.15)
NP Growth (%)
NPM (%)
5.65
18.03
99

Floor 8, Alpha Building - B, I Think Techno Campus, Kanjurmarg, Mumbai - 400042, Maharashtra
Website: www.hdfcsec.com; SEBI Registration Number: BSE: INB INB011109437; NSE: INB/INF231109431
Business Profile
HDFC Securities Ltd (HDFC Securities)
incorporated in 2000, is one of a leading
financial service provider promoted by the
HDFC Bank. The company caters to a diverse
customer base of institutional, FII, NRI and
retail investors HDFC Securities operates in
cash and derivative segments of the NSE
and cash segment of the BSE. The company
also operates into various segments such
as trading in equity & IPO, mutual fund,
derivatives, insurance, loan products and
fixed deposits. It also provides life and nonlife insurance product through their group
companies HDFC Life and HDFC ERGO
respectively. Insurance products offered
by the company include motor insurance,

travel insurance, etc. In loan products, the
company offers home loan, loan against
securities, personal loan, and auto loan.
The company also offers demat services to
its clients through its parent company HDFC
Bank which is registered DP with NSDL and
CDSL. The company offers its customers an
integrated platform for online trading and
offline trading. Other services offered by
the company include IPO mobilization and
distribution of financial products.
D&B D-U-N-S 65-051-7506

Service Offerings
Online Trading, Retail Finance & Financial
Services
Total Income (` mn)
2,321.0
Net Profit (` mn)
668.2
TI Growth (%)
10.52
NP Growth (%)
23.53
NPM (%)
28.79

ICICI Centre, H. T. Parikh Marg, Churchgate, Mumbai - 400020, Maharashtra
Website: www.icicisecurities.com; SEBI Registration Number: BSE: INB011286854/INF010773035; NSE: INB/INF230773037
Business Profile
ICICI Securities Ltd (ICICI Securities),
incorporated in 1999 is a wholly owned
subsidiary of ICICI Bank. The company is a
member of cash and derivative market of
both NSE and BSE. It is one of the leading
integrated securities firm offering a wide
range of services including investment
banking, institutional broking, retail
broking, private wealth management,
and financial product distribution. ICICI
Securities retail product portfolio includes
equity, derivatives, currency futures,
mutual funds, etc. It also offers other
services in the form of fixed deposits, loans,
tax services, new pension systems and
insurance among others. ICICI Securities

provides demat services through its parent
company ICICI Bank which is a registered
DP with both NSDL and CDSL. The company
also provides research services in the areas
of investment & research. ICICI Securities
caters to retail, domestic institutional, HNI,
NRI and FII clients. The company network
is spreads globally through its US based
subsidiary ICICI Securities Inc. which deals
in securities market in the US market.
D&B D-U-N-S 86-219-8033

Service Offerings
Broking, Merchant Banking & Advisory
Services
Total Income (` mn)
7,378.4
682.1
Net Profit (` mn)
2.73
TI Growth (%)
NP Growth (%)
(11.56)
9.24
NPM (%)

ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai 400020, Maharashtra
Website: www.icicisecuritiespd.com; SEBI Registration Number: BSE: INE010003739
Business Profile
ICICI Securities Primary Dealership Ltd
(ICICI Securities Primary Dealership) is a part
of ICICI Groupand operates in fixed income
and money markets across the spectrum
of interest rate products and services. The
company mainly offers institutional sales
and trading, resource mobilization and
research services to its clients. The company
also offers PMS services and is one of the
largest fund managers in terms of Asset
under Management (AUM) amongst all
standalone primary dealers in India. The
company is registered under SEBI for PMS
services and caters to the needs of various
large provident, pension and gratuity
100
funds. ICICI Securities Primary Dealership

deals into debt capital market and is
registered with RBI for providing these
services. In debt capital market, the firm
provides services in the form of resource
mobilization of debentures, structured
finance, securitization of mortgage back
and asset back securities, advisory on debt
restructuring and rationasation and rating
advisory services.
D&B D-U-N-S 65-064-7050

Service Offerings
Trading, PMS & Research Services

Total Income (` mn)
8,302.2
Net Profit (` mn)
1,216.8
TI Growth (%)
38.74
NP Growth (%)
42.02
NPM (%)
14.66

3rd floor, Mafatlal Center, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.idbicapital.com; SEBI Registration Number: BSE: INB010706639; NSE: INB230706631/INF230706631
Business Profile
IDBI Capital Market Services Ltd (IDBI
Capital), established in 1993 is a wholly
owned subsidiary of IDBI Bank Ltd. The
services of company include equity and
equity derivatives broking, depository
services,
portfolio
management,
investment banking, distribution of
financial products and research. IDBI
Capital operates in the segments of capital
markets, investment banking, institutional
broking & distribution, retail broking
& distribution and fund management.
Under capital markets, the company
offers services including public offerings,
qualified institutional placements, buyback,
preferential allotments and external

commercial borrowings among others.
The investment banking services offered by
the IDBI Capital includes financial advisory,
project advisory and corporate advisory
consisting of mergers & acquisitions
advisory and strategic advisory. Under
the retail broking & distribution services,
the company offers online investing, IPO
distribution and mutual fund distribution.
Institutional broking & distribution services
offered by the company include equity
broking, advisory, distribution services for
investment in mutual funds, debt/bonds,
equity IPOs and placement of equities
among others.
D&B D-U-N-S 65-067-1527

Service Offerings
Capital Market Services & Investment Banking

Total Income (` mn)
1,751.3
Net Profit (` mn)
242.3
TI Growth (%)
85.87
NP Growth (%)
(5.24)
NPM (%)
13.84

Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
Website: www.idfc.com; SEBI Registration Number: BSE: INB/INF011291433; NSE: INB/INF231291437
Business Profile
IDFC Securities Ltd (IDFC Securities),
formerly known as IDFC - SSKI Securities
Ltd, is a Mumbai based stock brokerage
firm was incorporated in 1994. The
company started its broking business in
2007. It is a wholly owned subsidiary of
IDFC Ltd. IDFC Securities operates in the
cash and derivative segments of both
NSE and BSE. It also has membership of
NSE currency segment. Besides trading
in equities, derivatives, currency futures
the company also offers research services.
IDFC Securities primarily caters to financial
institutions and institutional investors. It
also provides investment banking services
through its subsidiary IDFC Capital in form

of trading in equity capital market, private
equity syndication, debt capital market,
etc. IDFC Securities has three direct wholly
owned subsidiary companies namely
IDFC Capital (USA) INC., IDFC Capital Ltd
and IDFC Distribution Company Ltd. IDFC
Securities through its other subsidiary
companies offers corporate investment
banking in from of project finance,
fixed income and treasury services. The
companies alternative asset management
and public market asset management
offers variety of other services includes
investment in infrastructure, real estate
and mutual fund.
D&B D-U-N-S 65-053-5227

Service Offerings
Trading & Investment Banking

421.1
Total Income (` mn)
0.5
Net Profit (` mn)

TI Growth (%)
(13.03)
NP Growth (%)
(94.35)
0.13
NPM (%)

IIFL House, Sun Infotech Park, Road No. 16V, Plot No B-23, MIDC, Wagle Estate, Thane - 400604, Maharashtra
Website: www.indiainfoline.com; SEBI Registration Number: BSE: INB/INF011097533; NSE: INB/INF231097537
Business Profile
India Infoline Ltd (India Infoline)
incorporated in 2000, is the holding
company of India Infoline Group. In 2007,
the company commenced its broking
business. It operates in seven different
verticals namely credit & finance, wealth
management, distribution of financial
products, capital market advisory, asset
management, investment banking and real
estate advisory services. The company holds
membership in the cash and derivative
segments of both the NSE and BSE. It also
acts as a registered DP with NSDL and
CDSL. In broking business, the company
operates in equity cash, equity derivative,
currency futures and debt. The company

other product includes IB, distribution of
financial products, PMS, AMS, insurance
broking and research services among
others. India Infoline through its subsidiary,
India Infoline Commodities Ltd also offers
commodity trading services, which is a
registered member of MCX and NCDEX.
In FY13, the company launched a product
called Super Multiple, which provides
higher multiples for the client to trade in
certain scrips. During the same year, the
company also introduced SIPs in equities,
gold and silver.
D&B D-U-N-S 91-533-9522

Service Offerings
Broking & Investment Banking

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
5,504.7
958.1
(11.87)
NP Growth (%)
51.37
NPM (%)
17.41
101

8&9/F, Indiabulls Finance Centre, Tower 1, Elphinstone Mills, Senapati Bapat Marg, Mumbai 400013, Maharashtra
Website: www.indiabulls.com; SEBI Registration Number: BSE: INB010875632; NSE: INB/INF230875632
Business Profile
Indiabulls Securities Ltd (ISL) a group
company of Indiabulls Group, started its
broking business in 2003 and is one of
Indias leading capital markets companies
providing securities broking and advisory
services. ISL provides services in retail
broking, advisory services, wholesale debt
market, and derivatives among others..
The company offers variety of products
includes trading in equity, currency,
currency derivatives, IPO, Investment
in mutual funds etc. The company also
launched an online trading platform Power
Indiabulls (PIB) which enables investor to
trade anywhere. ISL offers research services
in the form of equity research, fundamental

analysis, IPO analysis and technical analysis.
The company is also a registered depository
participant with NSDL and CDSL to provide
depository services. It offers commodity
broking services to its customers through
its subsidiary Indiabulls Commodities Ltd
(ICL) which is a registered trading-cumclearing member of MCX and NCDEX. ISL
currently operates through the network of
250 offices spread over 80 cities.
D&B D-U-N-S 65-067-1535

Service Offerings
Broking & Advisory Services

Total Income (` mn)
1,319.9
558.4
Net Profit (` mn)

TI Growth (%)
(20.23)
LP
NP Growth (%)
42.30
NPM (%)

46, Avenue 4, Street No.1, Banjara Hills, Hyderabad - 500034, AP
Website: www.karvy.com; SEBI Registration Number: BSE: INB010770130/INF010770131; NSE: INB/INF230770138
Business Profile
Karvy Stock Broking Ltd (Karvy Stock
Broking) is one of the leading financial
services provider in India. The company is a
member of BSE and NSE. The company is a
DP of NSDL and CDSL. The services offered
by Karvy Stock Broking includes stock
broking services, depository participant
services, distribution of financial products
services, advisory services and private
client group services. The company has
established live DPMs, internet access to
accounts and an easier transaction process
in order to offer more convenience to
individual and corporate investors. The
companys stock broking services are widely
networked across India, with large number

of trading terminals providing retail stock
broking facilities. The companys retail
brand namely Karvy - the Finapolis provides
planning and advisory services to the mass
affluent.
D&B D-U-N-S 86-219-9739

Service Offerings
Broking, DP & Advisory Services

Total Income (` mn)
2,693.9
Net Profit (` mn)
42.2
TI Growth (%)
4.99
NP Growth (%)
10.21
1.57
NPM (%)

Kotak Securities Ltd. 3rd Floor, Nirlon House, Dr. Annie Besant Road, Worli, Mumbai - 400030, Maharashtra
Website: www.kotaksecurities.com; SEBI Registration Number: BSE: INB010808153/INF011133230; NSE: INB/INF230808130
Business Profile
Kotak Securities Ltd (Kotak Securities),
a subsidiary of Kotak Mahindra Bank
was incorporated in 1995 and has a
geographical reach in Asia Pacific, Europe,
Middle East and America. The company is
a member of cash and derivative market of
both NSE and BSE. Kotak Securities offeres
wide range of products which include
trading in equity, derivatives, future &
options, investment in mutual fund, fixed
deposit bonds, IPOs and gold exchange
traded funds. The company is a registered
DP with CDSL and NSDL for demat services.
The company also provides research
services in the areas of economic research,
102
mutual fund, IPO derivative strategies and

special reports on credit policy and budget
among others. Kotak Securities deals into
commodity market through its subsidiary
firm Kotak Commodity Services Ltd, which
is registered with MCX and NCDEX. The firm
has wide network with than 1311 branches
and 13.5 lakh customer accounts.
D&B D-U-N-S 85-932-2314

Service Offerings
Broking & DP

Total Income (` mn)
6,069.9
Net Profit (` mn)
1,145.0
TI Growth (%)
(0.44)
NP Growth (%)
(8.99)
NPM (%)
18.86

203, Embassy Centre, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.lkpsec.com; SEBI Registration Number: BSE: INB010675433; NSE: INB230720030/INF230720030
Business Profile
LKP Securities Ltd (LKP) started
its operations in 1948 as securities
brokerage house The company operates
in various market segments including
equity cash market, equity derivatives
market, commodity market, debt market
and currency futures. LKP offers a wide
range of products and services including
equity broking in cash and derivatives,
internet based trading, demat services,
research reports, debt and money market
broking, merchant banking, loan against
shares and margin funding, merger and
acquisition services, commodity trading,
mutual fund distribution, IPO distribution
and life insurance distribution among

others. The company operates through
1,126 offices spread across 200 towns and
cities in India. . With the strength of 500
employees, LKP caters to various clients
including retail clients, HNIs, corporate
clients, financial institutions and FIIs. The
company has the client account strength
of 90,000 accounts.
D&B D-U-N-S 92-471-7064

Service Offerings
Broking, Merchant Banking & IPO

Total Income (` mn)
442.0
Net Profit (` mn)
(31.9)
2.76
TI Growth (%)
LL
NP Growth (%)
(7.22)
NPM (%)

Marwadi Financial Plaza, Nana Mava Main Road, Off. 150 Feet Ring Road, Rajkot 360001, Gujarat
Website: www.marwadionline.com; SEBI Registration Number: BSE: INB/INF010876036; NSE: INB/INF230876034
Business Profile
Marwadi Shares and Finance Ltd
(Marwadi Shares) was incorporated 1992
and was converted into a public limited
company in 2006. Marwadi Shares is a
financial service company offering stockbroking and commodity broking services
through BSE, NSE, NCDEX and MCX. The
company is also a DP with NSDL and
CDSL. The companys network consists of
more than 33 branches, 400 plus business
associates and manpower strength of over
300 employees. The company is active in
equity segment, derivative segment, MF
segment and currency derivative segment.
The company primarily caters to institutional
clients, retail clients and proprietary clients

among others. The company also offers a
wide range of financial services including
internet trading, research services, PMS
and insurance among others.
D&B D-U-N-S 86-347-1944

Service Offerings
Broking, DP & PMS

Total Income (` mn)
719.1
Net Profit (` mn)
144.9
TI Growth (%)
3.80
NP Growth (%)
27.30
NPM (%)
20.16

Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai - 400064, Maharashtra
Website: www.motilaloswal.com; SEBI Registration Number: BSE: INB/INF011041257; NSE: INB/INF231041238
Business Profile
Motilal Oswal Securities Ltd (MOSL)
founded in 1987 is a subsidiary of Motilal
Oswal Financial Services Ltd. The firm with
its subsidiaries offering 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 strategies
services. It is a member of the BSE and NSE
in both the cash and derivatives market
segments. The company offers a range
of products and services such as broking
& distribution, distribution of third party
products, PMS, research and advisory
among others. Research services offered

include economic research, mutual fund
research, result expectations, derivative
strategies, IPO research and other special
reports. The company acts as a registered
DP with NSDL and CDSL for demat services.
MOSL is also involved in commodity
tradings through its associate Motilal
Oswal Commodities Brokers Pvt Ltd which
is registered with MCX and NCDEX for
commodity trading. The company mainly
caters to retail clients, domestic institutions
and FIIs. As on Jan 2014, the company
had a network spread over 519 cities and
towns comprising 1,546 business locations
with 792,858 registered customers.
D&B D-U-N-S 87-181-1348

Service Offerings
Trading, PMS & Advisory Services

Total Income (` mn)
3,368.8
Net Profit (` mn)
820.8
TI Growth (%)
(7.25)
NP Growth (%)
NPM (%)
0.68
24.36
103

B-2, 301/302, Marathon Innova, Nr. Peninsula Corporate Park Lower Parel (W), Mumbai - 400013, Maharashtra
Website: www.nirmalbang.com; SEBI Registration Number: BSE: INB/INF011072759; NSE: INB/INF230939139
Business Profile
Nirmal Bang Securities Pvt Ltd (Nirmal
Bang) started its broking business in
2004. The company has membership in
the cash and derivative segments of both
the BSE and NSE. The company holds NSE
membership since 1996 and of BSE since
1999. It also operates in the currency futures
market segments. The company deals into
commodity trading business through its
associate, Nirmal Bang Commodities Pvt
Ltd which is registered with MCX and
NCDEX. Nirmal Bang is registered as a
DP with NSDL and CDSL. In addition, the
company also offers range of products and
services including IPO services, distribution
of mutual funds, demat services and many

more. Its research desk offers frequent
updates and reports based on budget,
IPO analysis, deals and other sector and
company specific reports.
D&B D-U-N-S 67-731-8236

Service Offerings
Broking & DP

973.7
Total Income (` mn)

Net Profit (` mn)
56.2
TI Growth (%)
1.15
LP
NP Growth (%)
5.77
NPM (%)

FMC Fortuna, Block A - 7/8, 4th Floor, 234/3A, A.J.C. Bose Road, Kolkata - 700020, WB
Website: www.ratnabali.com; SEBI Registration Number: BSE: INB011143238; NSE: INB/INF231143232
Business Profile
Ratnabali Capital Markets Ltd (Ratnabali
Capital Markets) was incorporated in 1995.
In 2004, it is started its broking business
and become member of the NSE and
BSE and operates in the capital and F&O
segment of both the NSE and BSE. It is also
the member of MCX Stock Exchange Ltd
(MCX-SX) and United Stock Exchange of
India (USEIL). The companies portfolio of
products include trading in equity, futures,
options and currency market, portfolio
management services, investment in IPOs
and mutual funds and commodity trading.
Ratnabali Capital Markets facilitates
trading in commodities through its
associate, Ratnabali Commodities Pvt Ltd

which is a member of the NCDEX, MCX,
NMCE and NSEL. The company is also a
registered DP with the NSDL and CDSL
for providing demat services to its clients.
Besides trading, it also caters to the needs
of FIIs, DFIs, corporates, HNIs, institutional,
NRIs and retail investors.
D&B D-U-N-S 91-622-2552

Service Offerings
Trading, PMS & IPO

Total Income (` mn)
3,473.5
(65.2)
Net Profit (` mn)

TI Growth (%)
(31.86)
PL
NP Growth (%)
(1.88)
NPM (%)

11th floor, R-Tech Park, Nirlon Compound, Western Express Highway, Goregaon (East), Mumbai 400063, Maharashtra
Website: www.rsec.co.in; SEBI Registration Number: BSE: INB/INF011234839; NSE: INB/INF231234833
Business Profile
Reliance Securities Ltd (Reliance
Securities) is a Reliance Capital company
and a part of the Reliance Group. The
company operates into variety of segments
namely trading in equity, derivatives and
currency market, investment in mutual
fund, IPO, NCDs/Bonds, Qualified Foreign
Investment (QFI) and NRI services. The
company operates in the cash and derivative
segments of both the NSE and BSE. It
also has membership of NSE and MCX-SX
currency segment. The company also acts
as a DP with CDSL and NSDL. The company
through its subsidiaries, Reliance Composite
Insurance Broking provides insurance
104
facilities to its clients. During FY13, the

company acquired maximum revenue from
trading in equity and derivative markets.
Reliance Securities through its associate,
Reliance Commodities Ltd is also involved
in commodity trading and is aregistered
with MCX and NCDX. Reliance Securities
has a pan India presence across 690 cities.
D&B D-U-N-S 67-610-9500

Service Offerings
Trading & DP

Total Income (` mn)
1,145.2
Net Profit (` mn)
(73.5)
TI Growth (%)
(4.77)
NP Growth (%)
NPM (%)
PL
(6.42)

Website: www.religarecommodities.com
Business Profile
Religare Commodities Ltd (RCL) is
a wholly owned subsidiary of RSL. The
company is part of a financial group,
namely, Religare Enterprises Limited (REL).
RCL was set up to begin exchange based
commodity trading. The company is a
member of MCX, NCDEX, NMCE, ICEX and
ACE, in addition to both the spot exchanges
- NSEL & NCDEX-SPOT.. Both RSL and RCL
operate under the brand name of Religare
Broking. The company offers various
commodity trading products in the form of
commodity futures, currency futures and
spot exchange. For spot exchange trading
the company is registered with National
Spot Exchange Ltd (NSEL) and NCDEX Spot

Exchange (NSPOT). RCL offers research
services in the form of daily research
report, daily market commentary, weekly
economic calendar and agri reports in the
form daily sport market review, daily report
on agri-commodities etc.
D&B D-U-N-S 85-997-4286

Service Offerings
Broking & Commodity Trading

Total Income (` mn)
823.9
Net Profit (` mn)
110.9
TI Growth (%)
(21.75)
NP Growth (%)
(49.32)
13.46
NPM (%)

Website: www.religareonline.com; SEBI Registration Number: BSE: INB/INF010653732; NSE: INB/INF230653732
Business Profile
Religare Securities Ltd (RSL) is a wholly
owned subsidiary of Religare Enterprises
Ltd, established in 1986. The company is
a member of the NSE and BSE in the cash
and derivative segment. The company is
also registered member of United Stock
Exchange (USE). RSL is registered as a DP
with NSDL and CDSL. Apart from trading,
Religare Securities also provides demat
services, margin financing, and distribution
of mutual funds and insurance among
others catering to retail clients, HNIs and
NRIs. The company also provides research
services in the areas of economic research,
mutual fund, IPO, derivatives strategies and
impact analysis of credit policy and budget

among others. RSL also offers commodity
trading services through its asociate
namely Religare Commodities Ltd which
is registered with MCX and NCDEX for
commodity trading services. The company
through its another associate company,
AEGON Religare Life Insurance offers life
insurance services.
D&B D-U-N-S 86-262-1601

Service Offerings
Equity Broking & DP

Total Income (` mn)
3,474.1
Net Profit (` mn)
1,767.5
TI Growth (%)
(18.37)
NP Growth (%)
NPM (%)
LP
50.88

SHCIL House, Plot No.P-51, TTC Industrial Area, MIDC, Mahape, Navi Mumbai 400710, Maharashtra
Website: www.shcilservices.com; SEBI Registration Number: BSE: INB011253839; NSE: INB/INF231253833
Business Profile
SHCIL Services Ltd (SSL) is a broking arm
of Stock Holding Corporation of India Ltd.
(SHCIL) was incorporated as a public limited
company in 1986 and is jointly promoted
and owned by leading banks and financial
institutions, viz., IDBI Bank Ltd, SU-UTI, IFCI
Ltd, LIC, GIC, NIA, NIC, UIC and TOICL. SSL
provides services to all institutional and
retail clients across length and breadth of
the country. The service is being offered
in cash segment of BSE & NSE and F&O
segment of NSE. The company offers wide
range of product portfolio includes retail
broking, IPO bidding, institutional broking,
mutual funds, SIPs and margin trading.
The company deals into equity and

derivative market through retail broking.
The company through its group company,
SHCIL deals into commodity broking
business which is registered with MCX.
D&B D-U-N-S 86-379-3874

Service Offerings
Broking, IPO & Mutual Funds

Total Income (` mn)
283.4
Net Profit (` mn)
35.8
TI Growth (%)
5.28
NP Growth (%)
27.18
NPM (%)
12.65
105

11/6B, Shanti Chamber, Pusa Road, New Delhi - 110005
Website: www.smcindiaonline.com
About the company
Subhash Chand Aggarwal

Chairman & MD
D&B D-U-N-S 85-835-9949
Key Information
Service Offerings
Broking, Trading, Investment Banking,
Distribution of Financial Products, PMS
Total Income (` mn)
1,773.9
Net Profit (` mn)
106.0
TI Growth (%)
NP Growth (%)
SMC Global Securities Ltd (SMC)

is a part of the SMC Group and was
incorporated in 1994. The company
was founded by Subhash C Aggarwal
and Mahesh C Gupta in 1990. SMC is
associated with all the major exchanges
in the cash, derivative, currency and
commodity segments. The company
offers a wide array of financial services
encompassing of institutional and
retail brokerage of equity, currency,
commodities, derivatives, and online
trading. In addition, SMC also offers
services like investment banking,
wealth and portfolio management,
real estate advisory, dedicated desk
for institutional clients, online trading,
depository services, fixed deposits,
IPOs and mutual funds distribution,
insurance broking, clearing services,
IPO financing & margin funding and
research among others.
2.75
1,251.70
NPM (%)
5.98
Management Details
Chairman & Managing Director
Subhash Chand Aggarwal
Vice Chairman & Managing Director
Mahesh C. Gupta
Pradeep Aggarwal
Ajay Garg
Anurag Bansal
Products and Services

SMC offers a wide range of
investment solutions and financial
services to a diversified client base.
Trading
Under the broking services, SMC
offers equity & derivative trading in
form of Call n Trade, online browser
based trading and application based
trading. Online trading products
offered by SMC include SMC Select,

SMC Exclusive, SMC Privilege, SMC
Mobitrade and SMC Tabtrade. The
company offers advisory services on
strategies for equity and derivatives
investment,
recommendations
for trading on futures & options,
hedging with Nifty and other
products and opportunities of near
risk free arbitrage between various
segments. The company offers
clearing and settlement services
in equity , derivative, currency
derivative and commodity derivative
segment and is registered clearing
member with 4 major exchanges
for the currency segment namely
National Stock Exchange (NSE),
Bombay Stock Exchange (BSE), MCX
Stock Exchange (MCX-SX) & United
Stock Exchange (USE).
Depository Services
SMC is registered with Central
Depository Services Limited (CDSL),
National
Securities
Depository
Limited (NSDL) and Comtrack as the
depository participant. Under the
depository services, the company
offers depository accounts to
individual investors as well as to
corporate houses. SMC also offers
depository facilities for commodities
and is empanelled with all the
commodity exchanges including
Research and Development with Market Projection in Progress
106
Advertorial
NCDEX, MCX, ACE, UCX, ICEX &

NCDEX Spot. The company is also
Qualified Depository Participant
(QDP) and offers depository facility
to all qualified foreign investors.
& acquisition advisory and valuation

services.
Distribution Services
The institutional broking division

of the company offers investment
services to leading domestic and
foreign
institutional
investors
including mutual funds, insurance
companies, banks and FIIs among
others.
SMC is involved in the distribution

services of various third party
financial products including IPO,
mutual funds, public issues, company
fixed deposits, bonds, acquisitions
and mergers. The company provides
retail application financing in IPOs,
FPOs and bonds; and also facilitates
online investment facility in these
products.
Research
Insurance
SMC makes research reports

on equity trend, sector trends,
commodity trend and currency
trend among others. The company
provides with equity reports namely
Equity Morning Mantra, Derivatives
Daily, Equity Techno Funda Report
and Annual Top Picks among others.
Commodity Daily Report, Special
Commodities Updates, Commodity
Weekly Outlook and Commodity
Annual Outlook are some of the
commodities reports offered by the
company. Other research products
offered by the company include
currency reports, IPO and mutual
fund reports, special reports and
newsletters.
SMC Insurance Brokers Private

Limited (SMC Insurance), a subsidiary
of SMC, offers a complete range
of risk management service and
insurance products. SMC Insurance
is the IRDA Direct Insurance Broker
license-holder and offers various
products and customized solutions
under its life insurance and general
insurance product range.
Wealth Management
SMC has presence in Indian market

as well as international market. The
company operates through its existing
network of regional offices at Mumbai,
Kolkata, Chennai, Ahmedabad, Jaipur,
Hyderabad and Bengaluru among
others. The company has more than
2900 registered sub-brokers and
authorised persons spread across
more than 500 cities and towns in
India. SMC has a workforce of more
than 2300 employees and over
20000 registered associates/ service
providers. The company has marked
its international presence with the
expansion of its operations in the gulf
market by acquiring license for broking
and clearing member with Dubai Gold
and Commodities exchange (DGCX).
Institutional Broking
The company offers a wide range

of wealth management services
through its subsidiary namely SMC
Investments & Advisors Ltd and
cater to the financial needs of HNIs,
retail clients, corporate houses and
financial institutions. Some of the
wealth management services offered
by the company include PMS multi
manager investment solutions,
portfolio
advisory,
depository
services, financial planning and
interest rate futures.
Investment Banking
SMC Capitals Ltd (SMC Capital),
the investment banking arm of
SMC is engaged in providing
various services including corporate
advisory, public issue management,
capital restructuring, private equity
& debt syndication, buybacks,
delisting, employee stock ownership
plan (ESOP), qualified institutional
placements (QIPs), foreign currency
convertible bonds (FCCBs), merger
Advertorial
Loan against Securities

The company also offers loan against
securities through its subsidiary
namely
Moneywise
Financial
Services Private Limited (MFSPL).
Network
CEO Speak
Views of Mr. Subhash C. Aggarwal on
the following:
1. Key emerging trends in the Indian
broking industry
Growing popularity of online trading,
launch of mobile and tablet trading,
introduction of newer contracts,
instruments
and
innovative
products like interest rate futures,
trading in VIX, launch of trading in
international indices, new types of
contracts in agri commodities and
international commodities are some
of the positive emerging trends that
are being seen in the Indian broking
industry. On the negative side,
reducing retail participation, reducing
brokerage, increasing transaction
cost and competition from low cost
brokerages are some of the trends
which are being seen affecting the
Indian brokerage industry.
2. Key delivery channels currently
used and emerging new channels
Currently, we have network of
regional offices, branches, franchises
and direct sales team apart from
online trading portal to reach out
to our customers. We have also
launched tablet trading and mobile
trading to reach out to the tech
savvy investors. We are constantly
working and spending a lot of
money in technology to refine and
develop and innovate our existing as
well as our new initiatives to reach
out to our customers. We have also
installed the state of art technology
to facilitate algorithmic trading and
high frequency trading in the most
efficient manner.
3. Impact of adopting multi-channel
delivery channels such as mobile
broking or e-commerce
By adopting multi-channel delivery
channels such as mobile broking or
e-commerce, we are able to cater all
kind of clients, be it general investor
or a tech savvy investor thus offering
wide choice of connectivity to the
investors under one roof i.e. online
trading as well as offline trading.
Secondly, we are able to offer very
competitive rate of brokerage and
excellent client service to our clients
as the amount saved on account of
the use of online trading platform
can be spent on providing quality
service to the clients.
107

Standard Chartered Towers, 201 B/1, 1st Floor, Western Express Highway, Goregaon (East), Mumbai 400063, Maharashtra
Website: www.standardcharteredsecurities.co.in; SEBI Registration Number: BSE: INB/INF011333334; NSE: INB/INF231333338
Business Profile
Standard Chartered Securities (India)
Ltd (Standard Chartered Securities) is the
group company of Standard Chartered
Bank. Standard Chartered Securities
(India) Ltd is a wholly-owned subsidiary
of Standard Chartered Bank (Mauritius)
Ltd (SCBM), which acquired the company
from Securities Trading Corporation of
India (STCI) during 2008-2010. Prior
to the acquisition, Standard Chartered
Securities was known as UTI Securities Ltd
(UTISEL). Standard Chartered Securities
offer products such as equity capital
markets, equity and derivative broking.
The companys retail division caters to
online as well as offline customers, offering

products such as equity and derivative
broking, depository services, mutual
funds and fixed income instruments. The
company also offers services like PMS as
well as research in the field of economic
research, result expectations, derivative
strategies, special reports and market
commentaries, trading recommendations
and conviction picks. The company also
offers institutional research services in
areas of FMCG, pharmaceuticals, banking,
metals etc. It has memberships in the cash
and derivative segment of both NSE and
BSE. The company caters to retail, HNI and
NRI clients.
D&B D-U-N-S 85-897-4093

Service Offerings
Broking, PMS & Research Services

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
108
997.2
(592.4)
50.41
LL
(59.41)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
109
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
D&B D-U-N-S
Service Offerings

Total Income (` mn)
Net Profit (` mn)
TI Growth (%)
NP Growth (%)
NPM (%)
110
Asset Management
Companies

Sr No
Company Name
Birla Sun Life Asset Management Company Limited
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
113

Sr No
Company Name
Total Income (` mn)
7,839.8
7,126.7
4,930.4
4,350.5
3,892.1
3,546.6
3,050.2
2,432.2
1,637.1
10
1,433.6
11
1,183.0
12
1,170.8
13
701.1
14
645.6
15
602.5
16
558.5
17
514.7
18
476.3
19
446.6
20
431.8
21
410.2
22
405.3
23
370.8
24
348.1
25
342.7
26
322.1
27
288.9
28
271.5
115
AAUM Listing

Sr No
Company Name
*AAUM (` mn)
1,017,202.8
945,801.9
878,350.7
770,464.3
694,503.9
549,054.4
415,642.6
353,613.5
328,859.9
10
323,423.3
11
198,970.9
12
181,141.8
13
158,557.0
14
148,712.7
15
142,020.3
16
121,143.4
17
111,693.8
18
88,509.5
19
74,114.7
20
71,847.3
21
55,734.6
22
52,297.7
23
47,997.3
24
37,260.4
25
26,603.7
26
9,925.9
27
5,398.9
28
5,385.3
Note: * AAUM - Average Assets Under Management for the quarter ended March 2013
117

1st Floor, Axis House, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, 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. The company acts as an investment
manager of Axis Mutual Fund. Axis AMCs
product suite consists of 32 Schemes and
the company has its presence in over 75
cities. Axis AMC manages investment
portfolio of the schemes launched by
Axis Mutual Fund and provides various
administrative services to the fund. Axis
AMC offers a wide range of products
across equity funds, fixed income funds,
hybrid funds and gold funds. Under equity
funds, the company offers schemes like
Axis Equity Fund, Axis Long Term Equity

Fund, Axis Midcap Fund and Axis Focused
25 Fund. The fixed income funds of Axis
AMC include Axis Liquid Fund, Axis Treasury
Advantage Fund, Axis Short Term Fund
and Axis Dynamic Bond Fund. Axis Triple
Advantage Fund and Axis Income Saver
constitute the hybrid fund schemes of the
company, while the Axis Gold Fund and
Axis Gold Exchange Traded Fund constitute
the gold fund schemes.
D&B D-U-N-S 85-904-1707

Name of the Sponsor
Axis Bank Limited
602.5
Total Income (` mn)
(63.4)
Net Profit (` mn)
(10.52)
NPM (%)
Q1 AAUM (` mn)
87,587.4
Q2 AAUM (` mn)
104,903.1
Q3 AAUM (` mn)
105,503.9
Q4 AAUM (` mn)
121,143.4

One India Bulls Centre, 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), an Aditya Birla
group company, was incorporated in Sep
1994, as the investment manager of Birla
Sun Life Mutual Fund. The company is a JV
between the Aditya Birla group and the Sun
Life Financial Services Inc. BSLAMC offers
PMS and investment advisory services to
offshore funds and HNIs. BSLAMC offers a
wide range of fund schemes under wealth
creation schemes, tax savings schemes,
savings schemes and regular income
schemes. Under the wealth creation
schemes, the company offers Birla Sun Life
95 Fund, Birla Sun Life Century SIP, Birla
Sun Life Equity Fund, Birla Sun Life Gold

Fund, Birla Sun Life Top 100 Fund etc. The
savings fund schemes of BSLAMC include
Birla Sun Life Cash Plus, Birla Sun Life
Income Plus, Birla Sun Life Savings Fund,
etc. The company also offers a tax saving
and regular income schemes including Birla
Sun Life Tax Relief 96, Birla Sun Life MIP II
Savings 5 Plan and Birla Sun Life Monthly
Income. Other funds offered by BSLAMC
include Birla Sun Life Fixed Maturity Plan
Series, Birla Sun Life Gold ETF, Birla Sun Life
Nifty ETF etc. The Company also offers core
equity and customised debt PMS.
D&B D-U-N-S 91-514-6273

Name of the Sponsor
Aditya Birla Financial Services Private Limited
and Sun Life (India) AMC Investments Inc
4,350.5
Total Income (` mn)
873.1
Net Profit (` mn)
20.07
NPM (%)
Q1 AAUM (` mn)
672,059.5
Q2 AAUM (` mn)
729,044.9
Q3 AAUM (` mn)
768,897.8
Q4 AAUM (` mn)
770,464.3

BNP Paribas House, 1, North Avenue, Maker Maxity, Bandra Kurla Complex, 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 Invest Management
(India) Pvt Ltd subsequent to global
restructuring in April 2008 wherein ABN
AMRO Asset Management group became
part of Fortis Investments group. In 2009,
the company became a part of BNP
Paribas group after global acquisition of
Fortis group by BNP Paribas and acquired
its present name in 2010. BNP Paribas
Asset Management acts as an investment
118
manager to BNP Paribas Mutual Fund. The

company offers equity fund schemes, fixed
income fund schemes and money market
fund schemes. Under equity fund schemes,
the company offers BNP Paribas Equity
Fund, BNP Paribas Dividend Yield Fund,
BNP Paribas Mid Cap Fund, BNP Paribas Tax
Advantage Plan (ELSS) etc. The companys
fixed income funds includes monthly
income plan, income and gold fund, bond
fund, government securities fund, money
plus fund, dual advantage fund, capital
protection oriented fund, fixed term
fund, etc. The company also offers PMS
and manages investment portfolio of the
funds.
D&B D-U-N-S 65-060-0328

Name of the Sponsor
BNP Paribas Investment Partners Asia Limited
Total Income (` mn)
514.7
Net Profit (` mn)
(15.7)
NPM (%)
(3.05)
Q1 AAUM (` mn)
45,620.4
Q2 AAUM (` mn)
38,419.9
Q3 AAUM (` mn)
32,163.4
Q4 AAUM (` mn)
37,260.4

Construction House, 4th Floor, 5, Walchand Hirachand Marg, 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). The Canara Robeco
Mutual Fund was initially established
in Dec 1987, as Canbank Mutual Fund.
Later in 2007, Canara Bank partnered
with Robeco, a global asset management
company based in Netherlands and the
MF was renamed as CRMF. Canara Robeco
AMC offers various investment options
including equity schemes, hybrid schemes,
debt schemes and other treasury products.
The company offer equity schemes like
Canara Robeco Infrastructure, Canara
Robeco Equity Diversified, Canara Robeco

Emerging Equities, Canara Robeco Nifty
Index, Canara Robeco Equity Tax Saver,
Canara Robeco F.O.R.C.E Fund and Canara
Robeco Large Cap + Fund. Canara Robeco
AMC offers hybrid schemes like Canara
Robeco Balance, Canara Robeco InDiGo
Fund, Canara Robeco Monthly Income Plan,
Canara Robeco Yield Advantage Fund and
Canara Robeco Capital Protection Oriented
Fund. During FY13, the company launched
an open ended fund scheme called Canara
Robeco Gold Savings Fund to provide
returns that closely correspond to returns
provided by Canara Robeco Gold Exchange
Traded Fund.
D&B D-U-N-S 85-916-5440

Name of the Sponsor
Canara Bank
Robeco Group N.V., The Netherlands
Total Income (` mn)
558.5
Net Profit (` mn)
135.5
24.26
NPM (%)
Q1 AAUM (` mn)
75,799.1
Q2 AAUM (` mn)
73,285.5
Q3 AAUM (` mn)
75,129.2
Q4 AAUM (` mn)
88,509.5

2nd floor, 222, Kodak House, Dr. D.N. Road, Fort, Mumbai 400001, Maharashtra
Website: www.dws-india.com
Business Profile
Deutsche Asset Management (India)
Pvt Ltd (DeAM India), a Deutsche group
company, was incorporated in March 2002
as a private limited company. DeAM India
acts as an AMC and investment manager
for the Deutsche Mutual Fund. It also offers
PMS to its clients. Deutsche India Holdings
Pvt Ltd holds 100% of the share capital
of the company. The product portfolio of
DeAM India includes equity fund schemes,
fund of fund schemes, hybrid schemes,
debt schemes and liquid schemes. The
company offers, various fund schemes
under debt fund schemes including DWS
Fixed Term Funds, DWS Cash Opportunities
Fund, DWS Gilt Fund, DWS Money Plus

Fund, DWS Premier Bond Fund, DWS
Ultra Short Term Fund, etc. Under equity
schemes, the company offers DWS Alpha
Equity Fund, DWS Investment Opportunity
Fund and DWS Tax Saving Fund. The
companys hybrid schemes include DWS
Income Advantage Fund and DWS Twin
Advantage Fund.
D&B D-U-N-S 91-860-7151

Name of the Sponsor
Deutsche Asset Management (Asia) Ltd,
Deutsche India Holdings Pvt Ltd.
645.6
Total Income (` mn)
96.0
Net Profit (` mn)
14.87
NPM (%)
Q1 AAUM (` mn)
138,524.5
Q2 AAUM (` mn)
168,070.4
Q3 AAUM (` mn)
180,373.6
Q4 AAUM (` mn)
181,141.8

178, M G R Salai, Opp. Hotel Palmgrove, Nungambakkam, Chennai 600034, TN
Website: www.dspblackrock.com
Business Profile
DSP BlackRock Investment Managers
Pvt Ltd (DSPBRIM) formerly known as DSP
Merrill Lynch Fund Managers Ltd was in
corporated in 1996. It is a JV between the
DSP group and BlackRock. The company is
the investment manager to DSP BlackRock
Mutual Fund. DSPBRIM offers variety of
schemes under equity schemes, hybrid
schemes, fixed income schemes and fixed
maturity plans. Under equity schemes,
DSPBRIM offers DSPBR Equity Fund, DSPBR
Focus 25 Fund, DSPBR Opportunities fund,
DSPBR Technology.com Fund, DSPBR Top
100 Equity Fund, etc. Hybrid schemes
offered by the company include DSPBR
Balanced Fund and DSPBR MIP Fund. The

fixed income schemes of the company
constitutes of DSPBR Banking & PSU Debt
Fund, DSPBR Bond Fund, DSPBR Liquidity
Fund, DSPBR Short Term Fund, DSPBR
Strategic Bond Fund, DSPBR Treasury Bill
Fund, etc. Fund of funds schemes include
DSPBR US Flexible Equity Fund, DSPBR
World Agriculture Fund, DSPBR World
Energy Fund, DSPBR World Gold Fund and
DSPBR World Mining Fund. The company
also offers fixed maturity plans such as
DSP BlackRock Dynamic Asset Allocation
Fund, DSP BlackRock FMP Series and DSP
BlackRock FTP Series.
D&B D-U-N-S 86-025-4737

Name of the Sponsor
DSP HMK Holdings Pvt. Ltd & DSP Adiko Holdings Pvt. Ltd (collectively) & BlackRock Inc.
Total Income (` mn)
Net Profit (` mn)
NPM (%)
2,432.2
573.8
23.59
Q1 AAUM (` mn)
300,017.6
Q2 AAUM (` mn)
302,273.3
Q3 AAUM (` mn)
308,376.0
Q4 AAUM (` mn)
323,423.3
119

Indiabulls Finance Centre, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013, Maharashtra
Website: www.franklintempletonindia.com
Business Profile
Franklin Templeton Asset Management
(India) Pvt Ltd (Franklin Templeton AMC)
was incorporated in 1996 as Templeton
Asset Management India Pvt Ltd. Franklin
Templeton AMC flagged off the mutual
fund business with the launch of Templeton
India Growth Fund in Sep 1996. The
company offers investment management/
advisory and transfer agency services to
the schemes of Franklin Templeton Mutual
Fund. The company offers various schemes
under debt & liquid funds, diversified
equity funds, fund of funds, hybrid
funds and sector equity funds. Under the
equity fund schemes, the company offers
Franklin Asian Equity Fund, Franklin India

Bluechip Fund, Franklin India Flexi Cap
Fund, Franklin India Opportunities Fund,
Franklin India Prima Fund, Franklin India
Taxshield, Templeton India Growth Fund
etc. The products offered under debt &
liquid funds includes monthly income plan,
floating rate income fund, corporate bond
opportunities fund, government securities
fund, among others. The hybrid schemes
of the company include FT India Balanced
Fund, Templeton India Childrens Asset
Plan and Templeton India Pension Plan.
D&B D-U-N-S 65-067-1584

Name of the Sponsor
Templeton International Inc.
Total Income (` mn)
3,546.6
897.1
Net Profit (` mn)
25.30
NPM (%)
Q1 AAUM (` mn)
355,326.6
Q2 AAUM (` mn)
390,455.8
Q3 AAUM (` mn)
408,685.7
Q4 AAUM (` mn)
415,642.6

951-A, Rational House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025, Maharashtra
Website: www.goldmansachs.com/gsam/in
Business Profile
Goldman Sachs Asset Management
(India) Pvt Ltd (Goldman Sachs Asset
Management) was incorporated in Mar
2008. Goldman Sachs Asset Management
is the asset manager for Goldman Sachs
Mutual Fund. The company is a subsidiary
of GSAM India Holdings Ltd, a company
incorporated in Mauritius. The company
offers different types of fund schemes
equity fund scheme, debt fund scheme
and liquid fund scheme. Under the equity
funds, the company offers open-ended
funds like Goldman Sachs India Equity
Fund and Goldman Sachs CNX 500 Fund.
Exchange traded fund schemes offered
under equity includes GS Nifty BeES, GS

Junior BeES, GS Bank BeES, GS PSU Bank
BeES, GS Shariah BeES and GS Infra BeES.
Other exchange traded fund schemes
offered by the company include GS Hang
Seng BeES (international Fund), GS Liquid
BeES (Liquid Fund) and GS Gold BeES (Nonequity fund). Goldman Sachs Short Term
Fund is an open-ended debt funds scheme
offered by the company. The company also
offers PMS with its products and schemes
like CaPPS, STraP, GSDP series and online
PMS reports.
D&B D-U-N-S 65-036-1186

Name of the Sponsor
Goldman Sachs Asset Management, L.P.
476.3
Total Income (` mn)
(294.1)
Net Profit (` mn)
(61.75)
NPM (%)
Q1 AAUM (` mn)
43,126.8
Q2 AAUM (` mn)
43,042.0
Q3 AAUM (` mn)
47,857.6
Q4 AAUM (` mn)
47,997.3

Ramon House, H T Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400020, Maharashtra
Website: www.hdfcfund.com
Business Profile
HDFC Asset Management Company
Ltd (HDFC AMC) was incorporated in 1999
and was approved to act as an AMC for
the HDFC Mutual Fund by SEBI in 2000. In
2003, HDFC AMC acquired the Zurich India
Mutual Fund business of Zurich Insurance
Company in India. HDFC Bank Ltd, Citibank
N.A. and The Bank of Nova Scotia are the
custodians of the HDFC AMC. HDFC AMC
acts as an investment manager to schemes
launched by HDFC Mutual Fund. HDFC
AMC offers various funds including equity
fund schemes, liquid fund schemes, fund
of funds schemes, debt fund schemes,
exchange traded fund schemes, etc. Some
120
of the equity fund schemes offered by the

company include HDFC Prudence Fund,
HDFC Index Funds, HDFC Infrastructure
Fund, HDFC Growth Fund, HDFC Arbitrage
Fund, HDFC Top 200 Fund, etc. Under the
debt fund schemes HDFC AMC offers HDFC
Opportunities Fund, HDFC High Interest
Fund, HDFC Short Term Plan, HDFC Multiple
Yield Fund, HDFC High Interest Fund, etc.
The liquid funds of the company include
HDFC Cash Management Fund, HDFC
Liquid Fund, etc. Other funds of HDFC AMC
include HDFC Annual Interval Fund, HDFC
Childrens Gift Fund, HDFC Gold Exchange
Traded Fund, HDFC Gold Fund, etc.
D&B D-U-N-S 65-075-6260

Name of the Sponsor
Housing Development Finance Corporation
Limited; Standard Life Investments Limited
Total Income (` mn)
7,839.8
Net Profit (` mn)
3,187.5
NPM (%)
Q1 AAUM (` mn)
40.66
926,245.2
Q2 AAUM (` mn)
977,736.6
Q3 AAUM (` mn)
1,013,925.4
Q4 AAUM (` mn)
1,017,202.8

16, V N Road, Fort, Mumbai 400001, Maharashtra
Website: www.assetmanagement.hsbc.com/int
Business Profile
HSBC Asset Management (India) Pvt Ltd
(HSBC AMC) was incorporated in Dec 2001
and is the investment manager for HSBC
Mutual Fund. HSBC Securities and Capital
Markets (India) Pvt Ltd (HSCI), part of HSBC
Group, is the sponsor of HSBC Mutual Fund.
The company offers various schemes under
the equity fund schemes and debt fund
schemes. Under the equity fund schemes,
HSBC AMC offers HSBC Equity Fund, HSBC
Unique Opportunities Fund, HSBC India
Opportunities Fund, HSBC Dynamic Fund,
HSBC Midcap Equity Fund, HSBC Emerging
Markets Fund, HSBC Progressive Themes
Fund, HSBC Small Cap Fund, HSBC Tax
Saver Equity Fund and HSBC Brazil Fund.

The debt fund products portfolio of the
company includes HSBC MIP, HSBC Cash
Fund, HSBC Gilt Fund, HSBC Fixed Term
Series, HSBC Income Fund, HSBC Floating
Rate Fund and HSBC Flexi Debt Fund.
D&B D-U-N-S 85-965-6273

Name of the Sponsor
HSBC Securities and Capital Markets (India)
Private Limited
431.8
Total Income (` mn)
(212.2)
Net Profit (` mn)
(49.13)
NPM (%)
Q1 AAUM (` mn)
45,538.8
Q2 AAUM (` mn)
49,916.8
Q3 AAUM (` mn)
53,466.6
Q4 AAUM (` mn)
52,297.7

3rd Floor, Hallmark Business Plaza, Sant Dyaneshwar Marg, Bandra (East), Mumbai 400051, Maharashtra
Website: www.icicipruamc.com
Business Profile
ICICI Prudential Asset Management
Company Ltd (IPAMC), JV between
ICICI Bank and Prudential Plc of UK, was
incorporated in 1993. IPAMC offers wide
range of fund schemes under equity
funds, balanced funds, debt funds, fund of
funds and exchange traded funds. Under
equity funds, IPAMC offers ICICI Prudential
Dynamic Plan, ICICI Prudential Focused
Bluechip Equity Fund, ICICI Prudential
Infrastructure Fund, ICICI Prudential Top
200 Fund, ICICI Prudential Technology
Fund, ICICI Prudential Top 100 Fund, ICICI
Prudential Balanced Advantage Fund,
ICICI Prudential Index Fund, etc. The debt
fund schemes offered by the company

include ICICI Prudential Savings Fund, ICICI
Prudential Liquid Plan, ICICI Prudential
Income Plan, ICICI Prudential Gilt Funds,
ICICI Prudential Corporate Bond Fund,
ICICI Prudential Dynamic Bond Fund, ICICI
Prudential Regular Savings Fund, etc.
IPAMCs fund of funds schemes consists
of ICICI Prudential Advisor Series, ICICI
Prudential Global Stable Equity Fund, ICICI
Prudential Regular Gold Savings Fund, etc.
ICICI Prudential SPICE Fund, ICICI Prudential
NIFTY ETF, ICICI Prudential CNX 100 ETF
and ICICI Prudential Gold Exchange Traded
Fund constitute the exchange traded funds
schemes of the company.
D&B D-U-N-S 91-675-8734

Name of the Sponsor
Prudential Plc and ICICI Bank Ltd
Total Income (` mn)
3,892.1
Net Profit (` mn)
1,102.0
28.31
NPM (%)
Q1 AAUM (` mn)
730,496.6
Q2 AAUM (` mn)
763,876.1
Q3 AAUM (` mn)
813,942.1
Q4 AAUM (` mn)
878,350.7

One India Bulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road (West), Mumbai 400013, Maharashtra
Website: www.idfcmf.com
Business Profile
IDFC Asset Management Company Ltd
(IDFC AMC) was established in 2000 as ANZ
Grindlays Asset Management Company Pvt
Ltd by Australia and New Zealand Banking
Group (ANZ). In 2001, SCB acquired mutual
fund business from ANZ and renamed
it as Standard Chartered AMC Pvt. Ltd.
Further in 2008, IDFC Ltd. acquired stake
in Standard Chartered AMC and the name
was changed to its present name. The
custodian to the schemes is Deutsche Bank
AG. IDFC AMC is the investment manager
for the schemes of IDFC Mutual Fund. IDFC
AMC offers wide range of fund schemes
under equity fund scheme, debt fund
scheme and hybrid fund scheme. Under

equity fund schemes, IDFC AMC offers IDFC
Premier Equity Fund, IDFC Sterling Equity
Fund, IDFC Equity Fund, IDFC Classic Equity
Fund, IDFC Imperial Equity Fund, IDFC
Infrastructure Fund and IDFC Nifty Fund.
The companys debt fund schemes include
IDFC Ultra Short Term Fund, IDFC Money
Manager Fund, IDFC Super Saver Income
Fund, IDFC Cash Fund, IDFC Dynamic Bond
Fund, IDFC Government Securities Fund,
IDFC Banking Debt Fund, etc. Other fund
schemes offered by the company include
IDFC Asset Allocation Fund, IDFC Monthly
Income Plan, IDFC Cash Fund, etc.
D&B D-U-N-S 67-733-5826

Name of the Sponsor
IDFC Limited
Total Income (` mn)
Net Profit (` mn)
NPM (%)
1,637.1
266.4
16.27
Q1 AAUM (` mn)
271,465.3
Q2 AAUM (` mn)
280,041.9
Q3 AAUM (` mn)
300,018.6
Q4 AAUM (` mn)
328,859.9
121

601A, 6th Floor, Trade Centre, Opp MTNL Telephone Exchange, BKC, Bandra (E), Mumbai 400051, Maharashtra
Website: www.ingim.co.in
Business Profile
ING Investment Management (India)
Pvt Ltd (ING Investment Management) is
an investment manager for ING Mutual
Fund and was incorporated in 1998.
ING Investment Management primarily
operates under mutual funds and portfolio
management divisions. The company
offers four types of funds including equity
fund, debt fund, hybrid fund and alternate
asset fund. The equity fund schemes
offered by the company include ING 5
Star Multi-Manager FoF Scheme, ING Core
Equity Fund, ING Dividend Yield Fund, ING
Large Cap Equity Fund, ING Midcap Fund
and ING Tax Savings Fund among others.
Under the debt fund schemes the company

offers ING Active Debt Multi-Manager FoF
Scheme, ING Gilt Fund Provident Fund
Dynamic Plan, ING Income Fund, ING Liquid
Fund ING MIP Fund ING Short Term Income
Fund and ING Treasury Advantage Fund.
The alternate asset schemes consist of ING
Global Commodities Fund, ING Global Real
Estate Fund and ING Latin America Equity
Fund. The portfolio management products
of the company include ING India Large
Cap Quant Equity Portfolio, ING BSE-200
Quant Equity Portfolio and ING ADAPT.
D&B D-U-N-S 65-075-6278

Name of the Sponsor
ING Group
370.8
Total Income (` mn)
(287.2)
Net Profit (` mn)

NPM (%)
(77.44)
Q1 AAUM (` mn)
9,227.1
Q2 AAUM (` mn)
9,353.4
Q3 AAUM (` mn)
9,327.7
Q4 AAUM (` mn)
9,925.9
JM Financial Asset Management Private Limited

502, 5th floor, A wing, Laxmi Towers, Bandra Kurla Complex, Mumbai - 400051, Maharashtra
Website: www.jmfinancialmf.com
Business Profile
JM Financial Asset Management Pvt
Ltd was incorporated in June 1994 as JM
Capital Management Pvt Ltd. The company
entered into investment management
agreement with JM Financial Trustee
Company Pvt Ltd and became the AMC
for the funds of JM Financial Mutual Fund.
The company started its operations in
Dec 1994 with a simultaneous launch of
three funds namely, JM Liquid Fund (now
JM Income Fund), JM Equity Fund and JM
Balanced Fund. JM Financial Mutual Fund
offers a variety of funds that meets the
various requirements of institutional as
well as individual investors. The company
offers range of schemes under equity fund

schemes, debt fund schemes, arbitrage fund
schemes and liquid fund schemes. Under
equity fund schemes, the company offers
schemes like JM Balanced fund, JM Basic
fund, JM Core 11 fund, JM Equity fund, JM
Tax Gain fund and JM Multi Strategy fund.
Other schemes offered by the company
incudes JM Arbitrage Advantage Fund
(arbitrage fund), JM Fixed Maturity and
Interval Fund Plan (debt fund), JM Floater
Short Term Fund (liquid fund) and JM High
Liquidity Fund (liquid fund).
D&B D-U-N-S 67-563-5835

Name of the Sponsor
288.9
Total Income (` mn)
22.3
Net Profit (` mn)
7.71
NPM (%)
Q1 AAUM (` mn)
58,119.4
Q2 AAUM (` mn)
56,237.3
Q3 AAUM (` mn)
74,669.0
Q4 AAUM (` mn)
74,114.7

J.P. Morgan Tower, Off C.S.T. Road, Kalina, Santacruz (East), Mumbai 400098, Maharashtra
Website: www.jpmorganmf.com
Business Profile
JPMorgan Asset Management India
Pvt Ltd (JPMorgan AMC) is the investment
manager to the funds of JPMorgan
Mutual Fund India Pvt Ltd. JPMorgan AMC
offers equity fund schemes, international
fund schemes and fixed income fund
schemes. Under the equity fund scheme,
the company offers different schemes
including JPMorgan India Tax Advantage
Fund, JPMorgan India Smaller Companies
Fund and JPMorgan India Equity Fund.
The international fund schemes of the
company include JPMorgan Emerging
Europe, Middle East & Africa Equity Offshore Fund, JPMorgan Greater China Equity
122
Off-shore Fund, JPMorgan ASEAN Equity

Off-shore Fund, JPMorgan US Value Equity
Off-shore Fund and JPMorgan Europe
Dynamic Equity Offshore Fund. Under the
fixed income fund products, JPMorgan
AMC provides JPMorgan India Hybrid
Fund, JPMorgan India Fixed Maturity Plan,
JPMorgan India Treasury Fund, JPMorgan
India Income Fund, JPMorgan India Capital
Protection Oriented Fund, JPMorgan India
Annual Interval Fund, etc.
D&B D-U-N-S 85-966-0457

Name of the Sponsor
JPMorgan Asset Management (Asia) Inc.
Total Income (` mn)
Net Profit (` mn)
NPM (%)
Q1 AAUM (` mn)
405.3
(178.9)
(44.13)
52,808.0
Q2 AAUM (` mn)
89,888.2
Q3 AAUM (` mn)
132,997.0
Q4 AAUM (` mn)
158,557.0

6th Floor, Vinay Bhavya Complex, 159, CST Road, Kalina, Santacruz (East), Mumbai 400098, Maharashtra
Website: www.kotakmutual.com
Business Profile
Kotak Mahindra Asset Management
Company Ltd (Kotak Mahindra AMC)
was incorporated in August 1994 and
commenced operations in December
1998. Kotak Mahindra AMC is the asset
manager for Kotak Mahindra Mutual
Fund (KMMF). Kotak Mahindra AMCs
operations predominantly relate to
providing
investment
management
services to the schemes floated by KMMF
and advisory services to other subsidiaries
of KMBL. Kotak Mahindra AMC offers a
wide range of schemes under equity fund,
debt fund, balanced fund, fund of funds
and exchange traded funds. The company
also offers portfolio management services.

Under the equity fund, the company offers
open ended schemes like Kotak 50, Kotak
Midcap, Kotak Equity Arbitrage Fund,
Kotak Global Emerging Market, Kotak
Select Focus Fund etc. The companys
closed ended debt fund schemes include
Kotak FMP Series and Kotak Hybrid FTP
Series; while some of the open ended
debt fund schemes include Kotak Monthly
Income Plan, Kotak Bond, Kotak Liquid,
Kotak Flexi Debt, Kotak Floater etc. Kotak
Mahindra AMC also offers open ended
exchange traded funds like Kotak Gold ETF,
Kotak PSU Bank ETF, Kotak SENSEX ETF and
Kotak Nifty ETF.
D&B D-U-N-S 91-562-8605

Name of the Sponsor
Kotak Mahindra Bank Ltd
Total Income (` mn)
1,170.8
34.7
Net Profit (` mn)
2.96
NPM (%)
Q1 AAUM (` mn)
253,235.3
Q2 AAUM (` mn)
303,160.3
Q3 AAUM (` mn)
317,728.3
Q4 AAUM (` mn)
353,613.5

6th Floor, Mafatlal Centre, Nariman Point, Mumbai 400021, Maharashtra
Website: www.lntmf.com
Business Profile
L&T Investment Management Ltd (L&T
IML) is a public company incorporated
under the provisions of the Companies Act,
1956. L&T IML is the asset management
company of L&T Mutual Fund. L&T
Investment Management Ltd acquired
DBS Cholamandalam asset management
in 2010. In Nov 2012, the company also
acquired L&T Fund Management Pvt Ltd
(formerly known as FIL Fund Management
Pvt Ltd, the AMC to the Fidelity Mutual
Fund). The schemes of Fidelity Mutual
Fund were transferred to L&T Mutual Fund.
L&Ts fund suite spans the whole range of
investment opportunities including equity
fund, fixed income fund, hybrid fund,

domestic and international funds. Under
equity fund, the company offers L&T Tax
Advantage Fund, L&T Tax Saver Fund,
L&T India Large Cap Fund, L&T Indo Asia
Fund, L&T Midcap Fund, L&T Infrastructure
Fund etc. The fixed income fund schemes
of the company include L&T Cash Fund,
L&T Liquid Fund, L&T Floating Rate Fund,
L&T Short Term Income Fund, L&T Income
Opportunities Fund, L&T Gilt Fund etc.
Hybrid funds offered by the bank include
L&T Monthly Income Plan, L&T MIP - Wealth
Builder Fund, L&T India Prudence Fund and
L&T India Equity & Gold Fund.
D&B D-U-N-S 65-069-6438

Name of the Sponsor
342.7
Total Income (` mn)
(584.9)
Net Profit (` mn)

NPM (%)
(170.69)
Q1 AAUM (` mn)
30,461.7
Q2 AAUM (` mn)
38,831.2
Q3 AAUM (` mn)
120,641.0
Q4 AAUM (` mn)
111,693.8

4th Floor, Industrial Assurance Building, Opp. Churchgate Station, Mumbai 400020, Maharashtra
Website: www.licnomuramf.com
Business Profile
LIC Nomura Mutual Fund Asset
Management Company Ltd (LIC Nomura
Mutual Fund AMC), formerly known as LIC
Mutual Fund Asset Management Company
Ltd, was incorporated in April 1994.. The
company acquired its present name in Jan
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. The company manages the
funds investment portfolio and offers
administrative services. Further, it also
offers PMS to its clients. The company
offers mainly deals in equity schemes,

debt schemes, hybrid schemes and liquid
schemes. Under the equity schemes, the
company offer schemes like LIC NOMURA
MF Equity Fund, LIC NOMURA MF GROWTH
FUND, LIC NOMURA MF Index Fund Nifty,
LIC NOMURA MF Index Fund Sensex
Advantage, LIC NOMURA MF RGESS FUND
SERIES 1, LIC NOMURA MF Tax Plan etc.
Some of the debt fund schemes offered
by the company includes LIC NOMURA MF
Bond fund, LIC NOMURA MF Floating rate
fund, LIC NOMURA MF Savings Plus fund
etc.
D&B D-U-N-S 85-903-7382

Name of the Sponsor
Total Income (` mn)
Net Profit (` mn)
NPM (%)
446.6
8.3
1.87
Q1 AAUM (` mn)
59,192.2
Q2 AAUM (` mn)
63,556.7
Q3 AAUM (` mn)
68,820.9
Q4 AAUM (` mn)
71,847.3
123

Unit 606, 6th Floor, Windsor Building, Off CST Road, Kalina, Santacruz (E), Mumbai 400098, Maharashtra
Website: www.miraeassetmf.co.in
Business Profile
Mirae Asset Global Investments (India)
Pvt Ltd (Mirae Asset Global Investments)
was incorporated in November 2006 as a
private limited company. Later in Oct 2008,
the company changed its name from Mirae
Asset Global Investment Management
(India) Pvt Ltd to its present name. The
primary activity of the Mirae Asset Global
Investments is to acts as an investment
manager to Mirae Asset Mutual Fund.
Mirae Asset Global Investments provides
management advisory and administrative
services to the fund in accordance with the
investment management agreement with
Mirae Asset Trustee Company Pvt Ltd. The
company offers a total of eight schemes

under equity fund scheme, debt fund
scheme and liquid fund scheme. The equity
include Mirae Asset India Opportunities
Fund, Mirae Asset Emerging Bluechip Fund,
Mirae Asset India-China Consumption
Fund, Mirae Asset China Advantage Fund
and Mirae Asset Global Commodity Stocks
Fund. Under the debt fund schemes, the
company offers Mirae Asset Short Term
Bond Fund and Mirae Asset Ultra-short
Term Bond Fund. The companys liquid
fund scheme includes Mirae Asset Cash
Management Funds.
D&B D-U-N-S 86-026-1149

Name of the Sponsor
Mirae Asset Global Investments Co Ltd
271.5
Total Income (` mn)
11.9
Net Profit (` mn)
4.38
NPM (%)
Q1 AAUM (` mn)
4,639.0
Q2 AAUM (` mn)
5,008.8
Q3 AAUM (` mn)
5,269.9
Q4 AAUM (` mn)
5,399.0

18F/19F, Tower 2, One Indiabulls Centre, 841, Senapati Bapat Marg, Mumbai 400013, Maharashtra
Website: www.msgfindia.com
Business Profile
Morgan
Stanley
Investment
Management Pvt Ltd (MSIM) was
incorporated in Oct 1993. MSIM is the
investment manager to Morgan Stanley
Mutual Fund. Morgan Stanley Growth
Fund was the first scheme launched by
MSIM in India in 1994. MSIM offers a
wide range of mutual fund schemes across
equity fund schemes and fixed income
fund scheme. The equity fund schemes
offered by the company include Morgan
Stanley Growth Fund and Morgan Stanley
A.C.E. Fund. Under the fixed income funds,
the company offers Morgan Stanley Ultra
Short Term scheme, Morgan Stanley Gilt
Fund, Morgan Stanley Multi Asset Fund

(Plan A & Plan B), Morgan Stanley Liquid
Fund, Morgan Stanley Active Bond Fund
and Morgan Stanley Short Term Bond
Fund. As of Mar 31 2013, the number of
empanelled distributors stood at 4,874 and
the number of online channel partner tieups for distribution of the funds schemes
was at 55.
D&B D-U-N-S 65-073-7067

Name of the Sponsor
Morgan Stanley
410.2
Total Income (` mn)
(88.9)
Net Profit (` mn)
(21.68)
NPM (%)
Q1 AAUM (` mn)
22,503.5
Q2 AAUM (` mn)
23,535.5
Q3 AAUM (` mn)
25,391.1
Q4 AAUM (` mn)
26,603.7

Palm Spring Centre, Second Floor, Palm Court Complex, New Link Road, 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 by
the trustee vide Investment Management
Agreement (IMA) dated May 2009,
executed between Motilal Oswal Trustee
Company Ltd and MOAMC. The company
primarily operates into two verticals namely
PMS and MF. Under PMS, the company
offers products called Next Trillion Dollar
Opportunity, Bulls Eye Strategy, Value
124
Strategy and Focus Strategy V. The types of

mutual funds offered by MOAMC include
exchange traded funds, equity funds and
debt funds. Under exchange traded fund
schemes, the company offers MOSt Shares
M50, MOSt Shares NASDAQ 100, MOSt
Shares Midcap 100 and MOSt Gold Shares.
MOSt Focused 25 Fund is an equity funds
scheme offered by the company, while
the debt funds schemes of the company
include MOSt 10 Year Gilt Fund and MOSt
Ultra Short Term Bond Fund.
D&B D-U-N-S 86-286-3703

Name of the Sponsor
Motilal Oswal Securities Ltd
Total Income (` mn)
Net Profit (` mn)
NPM (%)
348.1
52.8
15.18
Q1 AAUM (` mn)
4,530.9
Q2 AAUM (` mn)
5,286.1
Q3 AAUM (` mn)
5,883.6
Q4 AAUM (` mn)
5,385.3

Exchange Plaza, B wing, Ground Floor, NSE Building, Bandra Kurla Complex, Bandra (E), Mumbai 400051, Maharashtra
Website: www.principalindia.com
Business Profile
Principal Pnb Asset Management
Company Pvt Ltd (Principal Pnb AMC),
formerly known as IDBI-Principal Asset
Management Company Ltd, is an
investment manager for Principal Mutual
Fund. Principal Pnb AMC offers various
funds under equity fund schemes, debt
fund schemes, ELSS schemes, liquid
fund schemes, etc. Under the equity
fund schemes, Principal Pnb AMC offers
Principal Dividend Yield Fund, Principal
Emerging Bluechip Fund, Principal Growth
Fund, Principal Index Fund, Principal Large
Cap Fund, Principal Smart Equity Fund, etc.
The debt fund schemes of the company
include Principal Bank CD Fund, Principal

Debt Opportunities Fund, Principal
Government Securities Fund, Principal Pnb
Fixed Maturity Plans, among others. Other
includes Principal Personal Tax Saver Fund
(ELSS scheme), Principal Tax Savings Fund
(ELSS scheme), Principal Balanced Fund
(balanced fund scheme), Principal Debt
Savings Fund MIP (hybrid fund scheme),
Principal Cash Management Fund (liquid
fund scheme), Principal Retail Money
Manager Fund (liquid fund scheme) and
Principal Global Opportunities Fund (fund
of funds scheme).
D&B D-U-N-S 65-060-0336

Name of the Sponsor
Principal Financial Services Inc, USA
322.1
Total Income (` mn)
(112.1)
Net Profit (` mn)
(34.82)
NPM (%)
Q1 AAUM (` mn)
46,603.4
Q2 AAUM (` mn)
47,705.1
Q3 AAUM (` mn)
49,554.5
Q4 AAUM (` mn)
55,734.6

11/12th flr, 1 Indiabulls Centre, Jupiter Mills Compound, 841, Senapati Bapat Marg, Elphinstone Rd, Mumbai - 400013, Maharashtra
Website: www.reliancemutual.com
Business Profile
Reliance Capital Asset Management
Ltd (RCAM) was incorporated in Feb 1995
as the AMC of Reliance Mutual Fund. In
2004, Reliance Capital AMC commenced
its portfolio management services. The
custodian of the company is Deutsche
Bank, AG. The company is a subsidiary of
Reliance Capital Ltd. RCAM offers various
schemes under equity fund schemes, debt
fund schemes and gold fund schemes.
Under the equity fund schemes, the
company offers investments in diversified
large cap funds, diversified multi cap funds,
sector funds, diversified mid cap & small
cap funds, tax saver funds, index funds,
arbitrage funds, balanced funds, exchange

traded funds and close ended funds. The
companys debt fund schemes include
ultra-short term funds, liquid funds, short
term funds, long term funds and monthly
income plans. The company also offers gold
fund schemes including gold exchange
traded fund and gold savings fund. RCAM
has its presence in international business
through its subsidiary namely, Reliance
Asset Management (Singapore) Pte Ltd in
Singapore, Reliance Asset Management
(Mauritius) Pte Ltd in Mauritius, Reliance
Capital Asset Management Plc in UK, etc.
D&B D-U-N-S 91-844-5529

Name of the Sponsor
Total Income (` mn)
7,126.7
Net Profit (` mn)
1,975.4
27.72
NPM (%)
Q1 AAUM (` mn)
806,944.7
Q2 AAUM (` mn)
863,269.0
Q3 AAUM (` mn)
906,358.2
Q4 AAUM (` mn)
945,801.9

3rd Floor, GYS Infinity, Paranjpe B Scheme, Subhash Road, Vile Parle (East), Mumbai 400057, Maharashtra
Website: www.religareinvesco.com
Business Profile
Religare Invesco Asset Management
Company Ltd (RIAMC), formerly known as
Religare Asset Management Co Ltd, was
incorporated in May 2005. The company is
an investment manager to Religare Mutual
Fund. RIAMC is the investment manager
for the schemes of Religare Invesco
Mutual Fund. RIAMCs product portfolio
constitutes equity fund schemes, fixed
income fund schemes, gold scheme and
exchange traded fund schemes. The equity
include Religare Invesco Tax Plan, Religare
Invesco Growth Fund, Religare Invesco
Contra Fund, Religare Invesco AGILE Fund,
Religare Invesco Banking Fund, Religare

Invesco Midcap Fund, etc. Under the
fixed income fund schemes, RIAMC offers
Religare Invesco Liquid Fund, Religare
Invesco Short Term Fund, Religare Invesco
Active Income Fund, Religare Invesco
Credit Opportunities Fund, Religare Invesco
Overnight Fund, Religare Invesco Gilt Fund,
etc. The company offers hybrid scheme
called Religare Invesco MIP and also offer
a gold fund scheme called Religare Invesco
Gold Fund. Exchange traded fund schemes
offered by the company includes Religare
Invesco Gold ETF and Religare Invesco Nifty
Exchange Traded Fund.
D&B D-U-N-S 91-562-8609

Name of the Sponsor
Invesco Hong Kong Ltd.
Total Income (` mn)
701.1
Net Profit (` mn)
(49.5)
NPM (%)
(7.06)
Q1 AAUM (` mn)
109,583.2
Q2 AAUM (` mn)
126,555.0
Q3 AAUM (` mn)
140,248.3
Q4 AAUM (` mn)
142,020.3
125

9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
Website: www.sbimf.com
Business Profile
SBI Funds Management Pvt Ltd
(SBIFMPL) was incorporated in the year
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
products including equity schemes, hybrid
schemes, debt schemes, fixed maturity
plans, liquid schemes and exchange traded
funds. Under the equity schemes, the
company offers products like SBI Magnum
Equity Fund, SBI BlueChip Fund, SBI Small
and Midcap Fund, SBI FMCG Fund, SBI IT
Fund, SBI Nifty Index Fund, SBI PSU Fund,
etc. During FY13, the company sponsored a

strategic alliance between SBI and National
Institute of Securities Markets (NISM) for
conducting Mutual Fund Distributors
Certification Examinations at selected State
Bank Learning Centres (SBLC). The initiative
was taken to widen the coverage of mutual
fund industry in the smaller centres in
the country. The company implemented
MPLS Wide Area Network for all the
offices of SBIFM across the country and
also implemented m-Easy, an SMS based
mobile transaction system for investors to
invest conveniently & securely through the
mobile platform.
D&B D-U-N-S 65-065-6721

Name of the Sponsor
State Bank of India
Total Income (` mn)
3,050.2
856.8
Net Profit (` mn)
28.09
NPM (%)
Q1 AAUM (` mn)
471,841.1
Q2 AAUM (` mn)
509,588.0
Q3 AAUM (` mn)
533,112.6
Q4 AAUM (` mn)
549,054.4

Sundaram Towers, 2nd Floor, 46, Whites Road, Chennai 600014, 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. The company also offers
PMS and MFs investment options to the
NRIs. The equity fund products offered
by the company includes Sundaram
Mid Cap Funds, Sundaram Select Focus,
Sundaram S.M.I.L.E Fund, Sundaram
Growth Fund, Sundaram Equity Multiplier,
Sundaram Equity Plus, Sundaram CAPEX

Opportunities, Sundaram Rural India,
Sundaram Financial Services Opportunities,
Sundaram PSU Opportunities, Sundaram
Entertainment Opportunities, Sundaram
Energy Opportunities, Sundaram Tax Saver,
Sundaram Global Advantage Fund and
Sundaram Banlanced Fund. Under the fixed
income fund schemes, Sundaram AMC
offers money fund, ultra short-term fund,
flexible fund, select debt fund, bond saver
fund, income plus fund, gilt fund, fixed
term plans, capital protection oriented
funds and monthly income plan.
D&B D-U-N-S 65-060-0344

Name of the Sponsor
Total Income (` mn)
1,183.0
168.6
Net Profit (` mn)
14.26
NPM (%)
Q1 AAUM (` mn)
132,284.1
Q2 AAUM (` mn)
136,688.8
Q3 AAUM (` mn)
145,948.8
Q4 AAUM (` mn)
148,712.7

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 an investment
manager of Tata Mutual Fund (TMF). TMF
is sponsored by Tata Sons Ltd (TSL) and
Tata Investment Corporation Ltd (TICL).
Tata Asset Management offers wide range
of schemes under equity fund scheme,
debt fund scheme, hybrid scheme and
close ended fund scheme. The company
also offers solution based schemes like
Retirement Savings Fund and Young
Citizens Fund. Under equity fund schemes,
the company offers large cap funds,
diversified funds, mid cap funds, sectoral
126
funds, equity linked savings scheme and

index schemes. The debt fund schemes
of Tata Asset Management includes liquid
funds, short term funds, income funds,
dynamic funds, gilt funds and other funds
like Tata Fixed Income Portfolio Fund and
Tata Floating Rate Fund. The company
offers equity & debt oriented hybrid fund
schemes and also provides with close-ended
equity, debt and hybrid fund schemes. The
company also provides PMS and some of
its schemes include Blue Chip Portfolio
and Emerging Opportunities Portfolio.
D&B D-U-N-S 91-906-6923

Name of the Sponsor
Tata Sons Limited & Tata Investment Corp. Ltd
Total Income (` mn)
Net Profit (` mn)
NPM (%)
1,433.6
154.3
10.77
Q1 AAUM (` mn)
207,537.8
Q2 AAUM (` mn)
202,474.9
Q3 AAUM (` mn)
197,417.3
Q4 AAUM (` mn)
198,970.9

UTI Tower, GN Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051, Maharashtra
Website: www.utimf.com
Business Profile
UTI Asset Management Company Ltd
(UTI AMC) was incorporated in Nov 2002
with an aim to raise funds for and 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 and specialty
fund schemes such as UTI Gold Exchange
Traded Fund. UTI AMC also offers portfolio
management services to its clients. The
company offers various fund schemes

including UTI Mastershare Unit Scheme,
UTI Banking Sector Fund, UTI MNC Fund,
UTI Top 100 Fund, UTI Equity Fund, UTI
Infrastructure Fund, UTI Spread Fund etc.
UTI AMC also offers investment options to
the NRIs.
D&B D-U-N-S 91-853-9271

Name of the Sponsor
State Bank of India, Punjab National Bank,
Bank of Baroda, Life Insurance Corporation
Total Income (` mn)
4,930.4
Net Profit (` mn)
1,489.0
NPM (%)
30.20
Q1 AAUM (` mn)
609,226.2
Q2 AAUM (` mn)
707,827.8
Q3 AAUM (` mn)
706,381.4
Q4 AAUM (` mn)
694,504.0
D&B D-U-N-S
Name of the Sponsor

Total Income (` mn)
Net Profit (` mn)
NPM (%)
Q1 AAUM (` mn)
Q2 AAUM (` mn)
Q3 AAUM (` mn)
Q4 AAUM (` mn)
D&B D-U-N-S
Name of the Sponsor

Total Income (` mn)
Net Profit (` mn)
NPM (%)
Q1 AAUM (` mn)
Q2 AAUM (` mn)
Q3 AAUM (` mn)
Q4 AAUM (` mn)
127

D&B D-U-N-S

Name of the Sponsor

Total Income (` mn)
Net Profit (` mn)
NPM (%)
Q1 AAUM (` mn)
Q2 AAUM (` mn)
Q3 AAUM (` mn)
Q4 AAUM (` mn)
D&B D-U-N-S
Name of the Sponsor

Total Income (` mn)
Net Profit (` mn)

NPM (%)
Q1 AAUM (` mn)

Q2 AAUM (` mn)
Q3 AAUM (` mn)
Q4 AAUM (` mn)

D&B D-U-N-S

! "

#
$
Name of the Sponsor

Total Income (` mn)
Net Profit (` mn)

128
NPM (%)
Q1 AAUM (` mn)
Q2 AAUM (` mn)
Q3 AAUM (` mn)
Q4 AAUM (` mn)

Insurance

Life Insurance
General Insurance
Life Insurance

Sr No
Company Name
Sectors
Private
Private
Private
Private
Private
Private
Private
Private
Private
10
Private
11
Private
12
Private
13
Private
14
Private
15
Private
16
Public
17
Private
18
Private
19
Private
20
Private
21
Private
22
Private
23
Private
24
Private
133

Sr No
Company Name
Total Income (` mn)
3,263,954.3
200,378.1
149,373.1
138,978.8
103,110.6
80,902.8
72,744.6
59,866.7
42,111.7
10
37,389.8
11
32,163.9
12
27,228.1
13
23,896.2
14
22,790.4
15
19,625.6
16
13,593.5
17
10,191.2
18
9,205.1
19
8,347.5
20
7,888.3
21
4,937.2
22
2,786.6
23
2,675.0
24
982.4
135
Total Premium Earned Listing
137

Sr No
Company Name
Total Premiums Earned (` mn)
2,088,035.8
135,382.4
113,226.8
104,500.3
68,927.0
66,387.0
52,163.0
40,453.9
27,777.8
10
27,604.3
11
24,295.2
12
21,406.7
13
19,121.5
14
17,423.6
15
16,900.8
16
10,688.0
17
8,046.8
18
7,445.2
19
6,782.9
20
6,180.7
21
4,305.0
22
2,367.9
23
2,053.8
24
548.3
Aegon Religare Life Insurance Company Limited

2nd Floor, Paranjpe B Scheme, Subhash Road, Near Garware House, Vile Parle (E), Mumbai 400057, Maharashtra
Website: www.aegonreligare.com
Business Profile
AEGON
Religare
Life
Insurance
Company Ltd (ARLI) was formed as a JV
between AEGON an international life
insurance company, Religare - a global
financial services group and Bennett,
Coleman & Company Ltd one of Indias
largest media house. In 2008, the company
expanded its operations across India with
various distribution channels comprising
of agencies, direct channel, corporate
agents and brokers. The company offers
various insurance schemes under term
insurance, health insurance, unit-linked
insurance plans (ULIPs), savings plan and
child plan. Under the term insurance,
the company offers AEGON Religare

iTerm Plan, AEGON Religare Easy Protect
Insurance Plan and AEGON Religare Term
Insurance Plan. The savings plans of ARLI
include AEGON Religare Flexi Money Back
Advantage Insurance Plan, AEGON Religare
Guaranteed Growth Insurance Plan and
AEGON Religare iGuarantee Insurance
Plan. Other insurance plans offered by
ARLI include AEGON Religare iHealth Plan,
AEGON Religare Health Plan, AEGON
Religare Future Protect Plus Insurance Plan
(ULIP), AEGON Religare EduCare Advantage
Insurance Plan and AEGON Religare Rising
Star Insurance Plan, among others.
D&B D-U-N-S 86-399-6236

Product Offerings
Life and Health Insurance
Total Income (` mn)
4,937.2
Total Premiums (` mn)
4,305.0
Total 1st Yr Premium (` mn)
1,359.0
60.11
Linked /Total Premiums (%)

AUM (` mn)
10,794.7
1.91
Solvency Ratio

Aviva Tower, Sector Road, Opp Golf Course, DLF Phase V, Sector 43, Gurgaon - 122003, Haryana
Website: www.avivaindia.com
Business Profile
Aviva Life Insurance Company India
Ltd (Aviva Life) is a JV between Dabur India
and UKs Aviva Group The company offers
various insurance plans to the individuals
under the categories of child plans,
savings plans, retirement plans, protection
plans, health plans and rural plans. Under
the savings plans, the company offers
various schemes including Aviva Dhan
Nirman, Aviva Wealth Builder, Aviva Dhan
Samruddhi, among others. The retirement
plans of Aviva Life include Aviva Next
Innings Pension Plan, Aviva Freedom Life
Advantage and Aviva Annuity Plus; and the
protection plans offered by the company
includes Aviva i-Life Secure, Aviva LifeShield

Plus, Aviva i-Shield, among others. Other
plans offered by Aviva Life constitute Aviva
Young Scholar Secure, Aviva Health Secure,
Aviva Jana Suraksha and Aviva New Family
Income Builder. The group insurance plans
of Aviva Life include Aviva Corporate Life
Plus, Aviva Corporate Shield Plus, Aviva
Group Gratuity Advantage, CreditPlus,
Aviva Group Life Protection, among others.
The company has a wide distribution
network of 134 branches spreading across
nearly 1,000 towns and cities in India.
D&B D-U-N-S 91-862-9304

Product Offerings
Life and Group Insurance
Total Income (` mn)
27,228.1
21,406.7
6,874.0
58.56

AUM (` mn)
78,899.9
4.23
Solvency Ratio

GE Plaza, Airport Road, Yerawada, Pune - 411006, Maharashtra
Website: www.bajajallianz.com
Business Profile
Bajaj Allianz Life Insurance Company
Ltd (Bajaj Allianz Life) was incorporated
in Mar 2001 as a JV between Bajaj Finserv
and Allianz SE, Germany and operates
in traditional life insurance and unitlinked insurance business. Bajaj Allianz
Life offers a range of insurance products
under life insurance, motor insurance,
health insurance, travel insurance and
home insurance. The motor insurance
products of the company includes car
insurance, two-wheeler insurance, liability
only motor insurance policy, third-party
insurance, commercial vehicle insurance
and other value added services. Under
138
the life insurance plans, the company

offers products such as Bajaj Allianz Save
Assure and Bajaj Allianz Invest Assure.
Under health insurance, the company
offers various products like Health Guard
Individual Policy, Health Guard Family
Floater Option, Silver Health and Extra
Care. The travel insurance policies of the
company offers wide range of products
consisting of individual travel insurance,
family travel insurance, senior citizen
travel insurance, student travel insurance,
corporate travel insurance and Travel Asia
Policy.
D&B D-U-N-S 91-823-6019

Product Offerings
Life Insurance and ULIPs
Total Income (` mn)
103,110.6
68,927.0
29,879.0

AUM (` mn)
Solvency Ratio
35.04
379,779.8
6.34

601 & 602, 6th Floor, Raheja Titanium, Goregaon (East), Mumbai - 400063, Maharashtra
Website: www.bharti-axalife.com
Business Profile
Bharti AXA Life Insurance Company Ltd
(Bharti AXA Life) was established in 2006 as
a JV company between Bharti Enterprises
and the AXA Group. The company offers a
range of innovative products and services
to cater to the specific insurance and
wealth management needs of clients.
Bharti AXA Life offers protection plans,
wealth creation plans with protection,
group plans and health plans. Under the
protection plans, the products offered
include Bharti AXA Life eProtect, Bharti
AXA Life Elite Secure and Bharti AXA Life
Premium Waiver Rider. Under wealth
creation plans with protection, it offers
products such as Bharti AXA Life Aajeevan

Sampatti, Bharti AXA Life Secure Savings
Plan, Bharti AXA Life Monthly Income
Plan Plus, Bharti AXA Life Secure Income
Plan and Bharti AXA Life Flexi Save. Other
insurance plans offered by the company
includes group insurance plan namely
Bharti AXA Life Loan Scheme and health
insurance plan namely Bharti AXA Life
Hospi Cash Benefit Rider. During FY13,
the company launched Secure Saving Plan,
a twin benefit plan designed to provide
guaranteed income additions along with
comprehensive insurance cover.
D&B D-U-N-S 67-713-9396

Product Offerings
Total Income (` mn)
9,205.1
7,445.2
2,489.2
62.86

AUM (` mn)
20,903.1
1.82
Solvency Ratio

One Indiabulls Center, 15th & 16th Floor, Jupiter Mill Compound, 841, SB Marg, Elphinstone Road, Mumbai - 400013, Maharashtra
Website: www.insurance.birlasunlife.com
Business Profile
Birla Sun Life Insurance Company Ltd
(BSLI) was established in 2000 through a
JV between Aditya Birla Group and Sun Life
Financial Inc, Canada. Birla Sun Life offers
various life insurance & ULIP products for
individuals and groups. For individuals,
BSLI offers a wide range of policies under
protection plans, health & wellness plans,
children plans, retirement plans, wealth
with protection plans and plans for
NRIs. BSLIs policy under protection plan
includes BSLI Easy Protect Plan and under
retirement plans constitutes BSLI Empower
Pension Plan and BSLI Immediate Annuity
Plan. Under wealth with protection plans,
the company offers various policies

including BSLI Wealth Max Plan, BSLI
Wealth Secure Plan, BSLI Wealth Assure
plan, BSLI Vision Life Income Plan, BSLI
Vision Endowment Plan, BSLI Savings Plan
and BSLI Vision LifeSecure Plan. The riders
policies offered by BSLI with its products
include Birla Sun Life Surgical Care Rider,
BSLI Waiver of Premium Rider, BSLI Critical
Illness Rider, among others. The company
also offer rural insurance plans such as BSLI
Bima Dhan Sanchay, BSLI Bima Suraksha
Super, BSLI Bima Kavach Yojana and BSLI
Grameen Jeevan Raksha Plan.
D&B D-U-N-S 91-857-9769

Product Offerings
Total Income (` mn)
72,744.6
52,163.0
18,365.1
70.72

AUM (` mn)
227,793.3
2.67
Solvency Ratio

Unitech Trade Centre, 2nd Floor, Sushant Lok, Phase-1, Sector-43, Gurgaon - 122009, Haryana
Website: www.canarahsbclife.com
Business Profile
Canara HSBC Oriental Bank of
Commerce Life Insurance Company Ltd
(Canara HSBC OBC Life) was established
in 2008 and is a JV between the Canara
Bank, HSBC Insurance (Asia Pacific) Ltd and
Oriental Bank of Commerce. The company
operates a bancassurance model and has
also tied up with three Rural Regional
Banks (RRBs) namely Pragathi Gramin Bank
in Karnataka, Shreyas Gramin Bank in Uttar
Pradesh and South Malabar Gramin Bank
to offer affordable insurance solutions to
cater to the needs of the rural population.
Insurance policies offered by the company
to the individuals include Grow Smart
Plan, Dream Smart Plan, Future Smart Plan,

Insure Smart Plan, Shubh Labh, eSmart
Term Plan, Smart Monthly Income Plan and
Smart Stage Money Back Plan. The group
insurance plans offered by the company
include Corporate Group Term Plan, Group
Secure, Sampoorna Kavach Plan, Group
Superannuation Plan and Group Traditional
Benefit Plan.
D&B D-U-N-S 67-637-1963

Product Offerings
Total Income (` mn)
23,896.2
19,121.5

AUM (` mn)
Solvency Ratio
6,067.2
76.02
64,174.2
3.84
139

4th Floor, Building 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 joint venture between Dewan
Housing Finance Corporation Ltd (DHFL)
and Prudential International Insurance
Holdings, Ltd (PIIH), which was signed in
July, 2013 and was granted approval by
IRDA in December, 2013. The company
started its India operations in 2008 and
was earlier known as DLF Pramerica Life
Insurance Company Ltd. DPLI offers various
insurance plans under protection plans,
child progress plans and savings plans
and group insurance plans. Under the
protection plans, the company offers DHFL
Pramerica Family Income, DHFL Pramerica
Family First and DHFL Pramerica U-Protect.

Under the child progress plan, the
DHFL Pramerica Future Idols Gold+ and
DHFL Pramerica Rakshak+. The companys
savings plans consist of DHFL Pramerica
Smart Cash Protect, DHFL Pramerica
Aajeevan Samriddhi and DHFL Pramerica
Sahaj Suraksha. DPLI also offers group
insurance plans namely DHFL Pramerica
Sarv Suraksha and DHFL Pramerica Group
Term Plan.
D&B D-U-N-S 65-075-6229

Product Offerings
Total Income (` mn)
2,675.0
2,367.9
1,400.1
26.17

AUM (` mn)
4,126.6
2.67
Solvency Ratio

Edelweiss House, Off C.S.T. Road, Kalina, Mumbai - 400098, Maharashtra
Website: www.edelweisstokio.in
Business Profile
Edelweiss Tokio Life Insurance Company
Ltd (Edelweiss Tokio Life) was incorporated
following the joint venture between
Edelweiss Financial Services and Tokio
Marine Holdings Inc. The company offers
various insurance products under education
funding plans, wealth accumulation
plans, wealth enhancement plans, income
replacement plans and retirement funding
plans. Under wealth accumulation plans,
the company offers products such as
Guaranteed Income Plan, Save N Prosper
Plan, Safe n Sure Plan, Cash Income Plan,
Milestones Plan and Wealth Accumulation
Plans. Under the wealth enhancement plans
of the company, products offered include

Wealth Enhancement Ace, Dhan Nivesh
Bima Yojana and Single Pay Endowment
Assurance Plan. Policy offered by the
company under education funding plan
includes Edelweiss Tokio Life EduSave.
The company also offers group insurance
solution in the form of insurance product
namely Edelweiss Tokio Life Group Credit
Protection, Group Life Protection and
Group Wealth Accumulation.
D&B D-U-N-S 85-955-4944

Product Offerings
Total Income (` mn)
982.4
548.3
473.3
22.43
AUM (` mn)
4,371.8
1.96
Solvency Ratio

Indiabulls Finance Center, Tower 3, 12 & 15th Floor, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Maharashtra
Website: www.futuregenerali.in
Business Profile
Future Generali India Life Insurance
Company Ltd (Future Generali Life) is a
private sector life insurance company and
is a part of Future Generali which was
formed as a JV between the Future Group
and the Italy based Generali Group.. Future
Generali Life offers individual insurance
plans and group plans to its clients. The
individual insurance plans offered by
the company include savings plans and
retirement plans. Under the savings plans,
the polices offered by the company include
Future Generali Pearls Guarantee and
Unit Linked Insurance Plans (ULIPs) which
includes Future Generali Bima Advantage
140
Plus, Future Generali Dhan Vridhi, Future

Generali Bima Gain and Future Generali
Pramukh Nivesh ULIP. Under retirement
plans, the company offers Future
Generali Pension Guarantee and Future
Generali Immediate Annuity Plan. The
group insurance products offered by the
company include Future Generali Group
Superannuation Plan, Future Generali
Group Traditional Leave Encashment,
Future Generali Group Gratuity Plan, Future
Generali Group Credit Suraksha and Future
Generali Group Term Life Insurance Plan.
D&B D-U-N-S 65-030-8604

Product Offerings
Total Income (` mn)
8,347.5
6,782.9
2,404.3

AUM (` mn)
Solvency Ratio
28.51
20,902.1
4.17

12th & 13th Floor, Lodha Excelus, Apollo Mills Compound, N .M. Joshi Road, Mahalaxmi, Mumbai - 400011, Maharashtra
Website: www.hdfclife.com
Business Profile
HDFC Standard Life Insurance Company
Ltd (HDFC Standard Life) was formed
as a JV between Housing Development
Finance Corporation Ltd (HDFC) and
Standard Life Plc, UK. HDFC Standard Life
offers a wide range of insurance products
under protection plans, health insurance
plans, child insurance plans, pension
plans, savings & investment plans and
insurance plans for women. Under savings
& investment plans, the company offers
various policies such as HDFC Life Sanchay,
HDFC SL Crest, HDFC Life ClassicAssure
Plus and HDFC Life Super Savings Plan.
Pension plan products of the company
include HDFC Life Personal Pension Plus,

HDFC Life Pension Super Plus and HDFC
Life Single Premium Pension Super Plan.
HDFC Standard Life also offers specialised
insurance plans for women including
HDFC Life Smart Woman Plan, HDFC Life
Click2Protect, HDFC SL Youngstar Super
Premium and HDFC Life Pension Super Plus.
Under the group plans, the company offers
retirement and protection solutions which
includes policies such as HDFC Life Group
Pension Plan, HDFC Life Group Unit Linked
Pension Plan, HDFC Group Term Insurance
Plan HDFC Group Credit Protect Insurance
Plan among others.
D&B D-U-N-S 65-075-6237

Product Offerings
Life, Health Insurance, ULIPS
Total Income (` mn)
138,978.8
113,226.8
44,360.7
64.65

AUM (` mn)
401,078.3
2.17
Solvency Ratio

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
private life insurer and started its operation
in the year 2000 after a JV between ICICI
Bank and Prudential Plc, UK. The company
offers a range of life, pension and health
products. The company offers wide range
of insurance products under term plans,
wealth plans, retirement plans, group
plans, rural plans and ULIPs. Term plans
offered by the company includes ICICI
Pru iCare and ICICI Pru Pure Protect. The
wealth plans of ICICI Prudential Life consist
of ICICI Pru Savings Suraksha, ICICI Pru
Cash Advantage, ICICI Pru Elite Life II, ICICI
Pru Elite Wealth II and ICICI Pru Wealth

Builder II. The company offers retirement
plans including ICICI Pru Easy Retirement
and ICICI Pru Immediate Annuity. Under
the group insurance plans, ICICI Prudential
Life offers ICICI Pru Group Term Insurance
Plan, ICICI Pru Group Gratuity Plan, ICICI
Pru Group Superannuation, ICICI Pru Group
Leave Encashment and ICICI Pru Group
Immediate Annuity Plan. The company also
offers rural insurance plan called ICICI Pru
Sarv Jana Suraksha.
D&B D-U-N-S 91-534-1275

Product Offerings
Total Income (` mn)
200,378.1
135,382.4
48,086.2
71.37

AUM (` mn)
733,705.1
3.96
Solvency Ratio
IDBI Federal Life Insurance Company Limited

1st Floor, Tradeview, Oasis Complex, Kamala City, PB Marg, Lower Parel (W), Mumbai - 400013, Maharashtra
Website: www.idbifederal.com
Business Profile
IDBI Federal Life Insurance Company
Ltd (IDBI Federal Life) is a private sector life
insurer and started its operations in March
2008 after a JV between IDBI Bank, Federal
Bank and Ageas, Europe. IDBI Federal Life
primarily offers traditional life insurance
plans and ULIPs for individuals and groups.
IDBI Federal Life product portfolio includes
wide range of insurance plans such as IDBI
Federal Childsurance Savings Protection
Insurance Plan, IDBI Federal Incomesurance
Guaranteed Money Back Insurance Plan to
provide guaranteed return on investment
and IDBI Federal Lifesurance Savings
Insurance Plan to provide individuals with
twin benefits of long-term savings and

life cover. The company also provides IDBI
Federal Loansurance Group Insurance Plan
to protect borrowers assets and savings,
IDBI Federal Group Microsurance Plan
to provide cover to the micro finance
institutions, SHGs and NGOs to insure the
lives of their group members, IDBI Federal
Termsurance Group Insurance Plan and
IDBI Federal Wealthsurance Plan.
D&B D-U-N-S 67-611-3062

Product Offerings
Total Income (` mn)
10,191.2
8,046.8
3,451.4

AUM (` mn)
Solvency Ratio
33.28
28,764.8
4.90
141
IndiaFirst Life Insurance Company Limited

301, B Wing, The Qube, Infinity Park, Dindoshi - Film City Road, Malad (East), Mumbai - 400097, Maharashtra
Website: www.indiafirstlife.com
Business Profile
IndiaFirst Life Insurance Company Ltd
(IndiaFirst) is Mumbai based insurance
broking firm was incorporated in 2008
and is promoted by Bank of Baroda and
Andhra Bank along with Legal & General,
one of the UKs leading risk, wealth and
investment company. The company started
its operations in March 2010. The company
offers wide variety of insurance products to
cover the typical needs of health, security/
protection, savings and wealth. IndiaFirsts
product portfolio includes health insurance,
ULIPs, investment plans, term insurance,
NAV life insurance, annuity plans and
employee benefit plans etc. In Unit Link
Insurance Plan (ULIP), the company offers

two products namely IndiaFirst Smart Save
Plan and IndiaFirst Young India Plan which
offers a life insurance cover along with
income growth through market linked
investments. IndiaFirsts offers individual
and group term insurance through its
IndiaFirst Group Term Plan. The companys
saving and investment plan helps an
individual to get insured and invest into
different investment instruments such as
debt, mutual funds, real estate and cash
market.
D&B D-U-N-S 65-049-5398

Product Offerings
Total Income (` mn)
19,625.6
16,900.8
13,164.2
37.63

AUM (` mn)
38,486.1
4.20
Solvency Ratio

ING Vysya House, 5th Floor, 22, M.G. Road, Bengaluru 560001, Karnataka
Website: www.inglife.co.in
Business Profile
ING Vysya Life Insurance Company
Ltd (ING Life Insurance) owned by Exide
Industries Ltd started its operations in
2001. The company offers wide range of
insurance products in variety of segments
such as life insurance, health insurance,
saving and investments, retirement and
pension schemes etc. Under life insurance
the company offers ING My Term Insurance
Plan which provides tax saving life cover
with terminal illness benefit. ING Critical
Illness Rider is a health insurance product
that the company offers which pays a
lump sum benefit in case the life assured
is diagnosed with major illness like heart
attack, cancer, paralysis etc. The company

through its ING New Fulfilling Life plan
offers regular money back to the individuals.
Other products of the company include ING
Mera Ashirwad - child insurance plan, ING
Guaranteed Income Insurance Plan, ING
Life Golden Year Retirement plan and ING
Immediate Annuity Plan - a retirement and
pension plans designed by the company for
old age peoples. In addition, the company
also offers accidental death, disability and
dismemberment rider to enhance coverage
of life insurance policies in case of death,
disability and dismemberment.
D&B D-U-N-S 67-550-2724

Product Offerings
Life and Health Insurance
Total Income (` mn)
22,790.4
17,423.6
6,382.0
21.43

AUM (` mn)
65,998.3
1.80
Solvency Ratio

4th Floor, Vinay Bhavya Complex, 159 A, CST Road, Kalina, Santa Cruz (E), Mumbai 400098, Maharashtra
Website: www.kotaklifeinsurance.com
Business Profile
Kotak Mahindra Old Mutual Life
Insurance Ltd (Kotak Life Insurance) is a
part of Kotak Mahindra Group and started
its operation in 2001. The company was
formed through a joint venture between
Kotak Mahindra Bank Ltd, its affiliates and
Old Mutual plc. Kotak Life Insurance offers
protection plans, saving and investment
plans, child plans, retirement plans and
group plans. Under protection plan, the
company offers Kotak e-Term and Kotak
Term Plan which gives adequate level of
financial protection to an individual. Under
saving and investment plan, the company
offers Kotak Premier Money Back Plan which
142
gives lump sum payouts, Kotak Classic

Endowment Plan for long term protection
and saving, Kotak Platinum a ULIP linked
plan, which income growth along with life
cover etc. The company through its regular
plans offers Kotak Headstart Child Assure a
child Plan and Kotak Lifetime Income Plan
a retirement plan.
D&B D-U-N-S 72-537-7720

Product Offerings
Total Income (` mn)
37,389.8
27,777.8
11,881.0

AUM (` mn)
Solvency Ratio
59.29
108,616.6
5.21

Yogakshema, East Wing, Jeevan Bima Marg, Nariman Point, Mumbai 400021, Maharashtra
Website: www.licindia.in
Business Profile
Limited (LIC) was established in September,
1956 as a result of the passing of Life
Insurance Corporation Act by Parliament
of India in June, 1956. LIC was formed
with sole objective of spreading life
insurance much more widely and in
particular to the rural areas with a view to
reach all insurable persons in the country,
providing them adequate financial cover
at a reasonable cost. LIC today offers a
wide range of financial and insurance
products through its insurance plans,
pension plans, unit plans, special plans
and group schemes. In micro insurance
plan company offers New Jeevan Mangal

Scheme which gives accidental benefit and
double risk cover. The company offers wide
range of group insurance schemes such
as group term insurance, group gratuity
scheme, group saving linked insurance
scheme, group leave encashment scheme
etc. LIC also offers social security, pension
plans, Unit plans and special plans with
variety of additional benefits therewith
to their customers. In FY13, LIC launched
five new plans for individuals namely LIC
Jeevan Vaibhav, LIC Jeevan Deep, LIC New
Jeevan Nidhi, LIC Flexi Plus and LIC Jeevan
Sugam.
D&B D-U-N-S 65-005-6716

Product Offerings
Life Insurance
Total Income (` mn)
3,263,954.3
2,088,035.8
766,115.0
3.13

AUM (` mn)
14,029,914.2
1.54
Solvency Ratio
Max Life Insurance Company Limited

Max House, 3rd Floor, 1 Dr. Jha Marg, Okhla, New Delhi 110020, Delhi
Website: www.maxlifeinsurance.com
Business Profile
Max Life Insurance Company Ltd (Max
Life Insurance) was founded in 2000 as
Max New York Life Insurance Company
Ltd in 2012; Max Life Insurance, one of
the leading life insurers, is a joint venture
between Max India Ltd. and Mitsui
Sumitomo Insurance Co. Ltd. the company
renamed its previous name and acquired
its present name. The Company offers
variety of insurance plan includes online
term plans, protection plans, child plans,
retirement plans, growth plans, saving
plans and group plans. The Company
offer complete protection plans in form
of Max Life Platinum Protect II and Max
Life Premium Return Protection Plan. Max

Life Fast Track Super Plan is a Growth plan
that gives fastest growth to individuals
wealth and insurance cover. The Company
offers variety of retirement plans such as
Max Life Forever Young Pension Plan, Max
Life Guaranteed Lifetime Income Plan and
Max Life Life Perfect Partner Super for old
age people. The Company also provides
NRI Insurance to NRI individuals. In FY13,
Max Life Insurance ranked fourth among
private life insurers with a market share
of 8.5%. As on 31st March 2013, Max Life
Insurance had assets under management
of ` 20,458 cr.
D&B D-U-N-S 91-534-6238

Product Offerings
Total Income (` mn)
80,902.8
66,387.0
18,993.4
35.36

AUM (` mn)
204,578.8
2.07
Solvency Ratio

No. 5, Brigade Seshmahal Vani Vilas Road, Basavanagudi, Bengaluru - 560004, Karnataka
Website: www.pnbmetlife.com
Business Profile
PNB MetLife India Insurance Company
Ltd (PNB MetLife) operates in India since
2001. PNB MetLife is a JV between MetLife
International Holdings Inc. (MIHI), Punjab
National Bank Ltd (PNB), Jammu & Kashmir
Bank Ltd (JKB), M. Pallonji and Company
Pvt Ltd and other private investors, with
MIHI and PNB having majority shares. PNB
MetLife was formerly known as MetLife
India Insurance Company Ltd. The company
provides various products and services for
individual customers such as retirement
plans, monthly income plans, money
back plans, investment plans, child plans
and saving plans. The company provides
different investment plans such as Met

Smart Platinum, Met Easy Super, Met Dhan
Samridhi and Met Smart One. PNB MetLife
also offers group plans in the form of
corporate solutions, group loan protection
and group saving solutions. PNB MetLife
offers various group insurance products
such as Met Loan Assure, Met Group Term
Life Plus, Met Group Gratuity and Met Flexi
Shield among others. PNB MetLife operates
in more than 150 locations across India
and has a customer base in over 7,000
locations by way of bank partnerships with
PNB, JKB and Karnataka Bank Ltd.
D&B D-U-N-S 91-849-6449

Product Offerings
Total Income (` mn)
32,163.9
24,295.2

AUM (` mn)
Solvency Ratio
8,400.8
54.69
99,253.5
2.93
143

H Block, 1st Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai 400710, Maharashtra
Website: www.reliancelife.com
Business Profile
Reliance Life Insurance Company Ltd
(Reliance Life Insurance) is an associate
company of Reliance Capital which is a
part of the Reliance Anil Dhirubhai Ambani
Group. In 2011, Nippon Life Insurance
Company acquired 26% stake in the
company. Reliance Life Insurance offers
various traditional products and ULIPs for
individuals and groups. For individuals,
the company provides insurance plans
like protection plans, health plans, child
plans, saving & investment plans among
others. The company provides saving and
investment plans through their Reliance
Guarantee Money Back Plan, Smart Cash
Plus Plan, Endowment Plan and Money

Multiplier Plan etc. Reliance Classic II Plan
and Reliance Pay Five Plan are ULIP plans
offered by the company. Reliance Life
Insurance also offers various schemes for
group insurance which include solutions
for employee protection and employer
liability. As on Mar 31, 2013 the company
has more than 9 mn policy holders with
a network of over 1,200 branches and
100,000 agents.
D&B D-U-N-S 86-453-2319

Product Offerings
Total Income (` mn)
59,866.7
40,453.9
13,765.7
41.72

AUM (` mn)
181,977.1
4.29
Solvency Ratio

Sahara India Centre, 2, Kapoorthala Complex, Lucknow 226024, UP
Website: www.saharalife.com
Business Profile
Sanchit Jeevan Bima unit linked plans.
D&B D-U-N-S 65-075-6245

Product Offerings
Sahara India Life Insurance Company

Ltd (SILICL) was established by the Sahara
Pariwar in 2004. The company operates as a
wholly-owned Indian private life insurance
company. The company offers a wide
variety of insurance products for individuals
and groups. SILICL offers a wide range of
endowment, money back, term assurance,
unit link and group insurance plans. Some
products of the company include Sahara
Shubh Nivesh Jeevan Bima, Sahara Dhan
Sanchay Jeevan Bima endowment plans;
Sahara Dhanversha Jeevan Bima money
back plan; Sahara Sugam Jeevan Bima,
Sahara Utkarsh Jeevan Bima and Sahara

Total Income (` mn)
2,786.6
2,053.8
614.3
27.04
AUM (` mn)
11,121.9
5.78
Solvency Ratio

Natraj, M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai 400069, Maharashtra
Website: www.sbilife.co.in
Business Profile
SBI Life Insurance Company Ltd
(SBI Life) is a JV between State Bank of
India and BNP Paribas Cardif. SBI Life
has adopted a multi-distribution model
comprising bancassurance, retail agency,
institutional alliances and corporate
solutions distribution channels. The
company offers various insurance products
for individuals and groups. For individuals
the company offers ULIPs, child, pension,
saving and protection plans among others.
Some products of the company include
SBI Life Smart Wealth Builder, SBI Life
Saral Maha Anand, SBI Life - Smart Scholar,
SBI Life Retire Smart, SBI Life Grameen
144
Bima etc. The group offerings of SBI Life

include group protection plans, retirement
solutions, micro insurance plans, and
group loans protection plans. Some group
insurance products offered by the company
include SBI Life Swarna Jeevan, SBI Life
Kalyan ULIP Plus, SBI Life - Grameen
Shakti, SBI Life - Super Suraksha etc. In
FY13, the company launched various new
products including Seva Card, Online Chat,
Integrated Voice Response System (IVRS)
and Special Revival Campaign (SRC). As on
Mar 31, 2013 the company operates with a
network of 758 branches, 8,278 employees
and 119,298 insurance advisors & Certified
Insurance Facilitators (CIFs).
D&B D-U-N-S 65-053-5284

Product Offerings
Total Income (` mn)
149,373.1
104,500.3

AUM (` mn)
Solvency Ratio
51,828.8
47.29
518,188.6
2.15

Ramky Selenium, Plot No. 31 & 32, Beside Andhra Bank Training Centre, Financial District, Gachibowli, Hyderabad 500032, AP
Website: www.shriramlife.com
Business Profile
Shriram Life Insurance Company
Ltd (Shriram Life Insurance Company),
established in 2005, is a JV between
the company and Sanlam Group. The
company commenced operations in 2006.
The company offers various traditional
plans, ULIP plans, group plans and combi
plans. Some of the traditional plans of the
company include Shriram New ShriLife,
Shriram New Akshay Nidhi, Shriram
Life Cash Back Term Plan and Shriram
Immediate Annuity Plan. The unit linked
plans of the company include Shriram
Ujjwal life, Shriram Life Wealth Plus,
Shriram Fortune Builder Insurance Plan etc.
The group plans of the company include

Shriram Group Term Life Insurance in Lieu
of EDLI, Shri Sahay (AP), Shriram Group
Term Life Insurance Plan, Shriram New
Group Gratuity Plan etc. The company
also offers combi plans such as Star Shri
Individual Care and Star Shri Family Care
etc.
D&B D-U-N-S 65-075-6252

Product Offerings
Life and Group Insurance, ULIPs
Total Income (` mn)
7,888.3
6,180.7
4,206.5
36.14

AUM (` mn)
18,795.4
5.59
Solvency Ratio

11th Floor, Raghuleela Arcade, IT Park, Sector 30 A, Opp. Vashi Railway Station, Vashi, Navi Mumbai 400703, Maharashtra
Website: www.sudlife.in
Business Profile
Star Union Dai-ichi Life Insurance
Company Ltd (Star Union Dai-ichi Life
Insurance) was incorporated on Sep 25,
2007; as a JV between Bank of India, Union
Bank of India and the Dai-ichi Mutual Life
Insurance Co Ltd. The company offers
various insurance products for individuals
and groups. For individuals, the company
offers unit linked life insurance plans,
annuity plans and traditional life insurance
plans. Some of the products offered for
individuals include Dhan Suraksha Plus, Elite
Assure Plan, Bright Child Plan, Immediate
Annuity Plan, Premier Protection Plan
etc. For groups, the company offers term
insurance plans and credit cover plans. The

group insurance products offered by the
company include Bachat Kavach, Group
Term Insurance Scheme in lieu of EDLI,
Loan Suraksha, Shiksha Suraksha 2 etc.
D&B D-U-N-S 65-033-6030

Product Offerings
Total Income (` mn)
13,593.5
10,688.0
7,448.0
53.33

AUM (` mn)
36,842.2
3.46
Solvency Ratio

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) commenced operations in
the year 2001.Tata AIA Life is a JV between
Tata Sons and AIA Group Ltd. The company
offers various insurance products for
individuals and groups. Some insurance
products for individuals offered by the
company include Tata AIA Life Insurance
Maha Raksha Supreme, Tata AIA Life
Insurance Secure 7, Tata AIA Life Insurance
MahaLife Supreme, Tata AIA Life Insurance
MahaLife Gold Plus etc. The company
also offers group insurance products such
as Tata AIA Life Insurance Group Total
Suraksha, Tata AIA Life Insurance Group
Term Life etc. The company also offers

cashless hospitalization for Hospi Cash,
IA Health and Health First policy holders.
In Jan 2014, the company launched an
insurance plan Money Maxima. In Jan
2013, Tata AIA Life launched an online
term insurance plan iRaksha Supreme.
D&B D-U-N-S 91-958-7233

Product Offerings
Total Income (` mn)
42,111.7
27,604.3

AUM (` mn)
Solvency Ratio
5,601.6
51.86
159,872.1
3.41
145
General Insurance

Sr No
Company Name
Sector
Public
Private
Private
Private
Private
Public
Private
Private
Private
10
Private
11
Private
12
Private
13
Private
14
Public
15
Public
16
Public
17
Private
18
Private
19
Private
20
Private
21
Private
22
Private
23
Private
24
Private
25
Public
26
Private
Re-Insurer
Sr No
1
Company Name
Sector
Public
149

Sr No
Company Name
Total Income (` mn)
123,291.7
95,809.5
91,141.5
72,536.7
46,000.1
34,087.2
18,831.7
17,855.1
16,357.0
10
15,936.0
11
14,554.9
12
14,119.7
13
13,379.1
14
12,698.4
15
12,066.0
16
10,075.2
17
8,444.4
18
5,297.4
19
4,853.5
20
4,024.4
21
2,946.4
22
1,490.3
23
1,427.8
24
334.8
25
332.1
26
266.7
Re-Insurer
Sr No
1
Company Name
Total Income (` mn)

164,049.2
151
Net Premium Earned Listing

Sr No
Company Name
Net Premium Earned (` mn)
94,506.4
74,684.8
72,509.4
53,871.1
40,092.5
29,243.3
16,240.8
14,762.4
13,877.4
10
13,598.2
11
12,425.7
12
12,406.3
13
11,674.3
14
10,093.4
15
8,863.8
16
7,960.4
17
7,391.0
18
5,112.3
19
4,421.3
20
3,413.1
21
2,241.3
22
1,283.7
23
1,196.2
24
144.4
25
142.7
26
130.8
Re-Insurer
Sr No
1
Company Name

133,217.9
153

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 under
the Indian Companies Act, 1956 in Dec
2002 and commenced business from Apr
2003. The company mainly deals into
implementation and administration of crop
insurance schemes and also offers many
agriculture oriented insurance schemes
namely National Agricultural Insurance
Scheme, Weather Based Crop Insurance
Scheme, Bio Fuel Tree Plant Insurance
scheme, etc. Some of the other insurance
Cardamom Plant & Yield Insurance,
Coconut Palm Insurance Scheme, Potato
Crop Insurance, Pulp Wood Tree Insurance

and Rubber Plantation Insurance among
others. In FY13, the company launched
a new scheme namely Community Based
Individual Farm Insurance Scheme which
predicts a role for the farming community
in enrolment, crop monitoring and loss
assessment. During the same year, AIC
settled crop insurance claims worth more
than 267.9 bn benefiting 51473838
farmers for the last 10 years.
D&B D-U-N-S 65-004-8122

Product Offerings
Crop Insurance

Total Income (` mn)
17,855.1
14,762.4
97.9
Incurred Claims Ratio (%)

AUM (` mn)
39,941.0
2.47
Solvency Ratio

10th Floor, Tower B/10, DLF Cyber City, DLF City Phase - II, Gurgaon - 122002, Haryana
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, a
company of the Munich Re Group. Apollo
Munich is part of one of the largest
integrated healthcare group, The Apollo
Hospital Group. The company operates
as a standalone health insurer and offers
innovative health, accident and travel
insurance solutions on a pan India basis.
Apollo Munich has launched its first
generation products such as Easy Health
Individual and Family Health Plans, Easy
Health for Groups, Overseas Travel and
Health covers, Personal Accident Cover

among others. Besides, the regular plans
the company also designed some value
added schemes such as Optima Cash a
daily hospital cash product with maximum
benefit, SME a pre-packaged group policy
for SMEs with manpower of 10 to 100
and Optima Plus a unique top up plan for
individual. Apollo Munich recently entered
into tie up with www.insurancemall.in for
selling its products through internet. The
over 25,000 agents across the country.
D&B D-U-N-S 67-588-3048

Product Offerings
Health Insurance

Total Income (` mn)
4,853.5
4,421.3
59.25

AUM (` mn)
5,387.5
1.77
Solvency Ratio

GE Plaza, Airport Road, Yerawada, Pune - 411006, Maharashtra
Website: www.bajajallianz.com
Business Profile
Bajaj
Allianz
General
Insurance
Company Ltd (Bajaj Allianz General
Insurance), a JV between Bajaj Finserv
Ltd and Allianz SE of Germany was
incorporated in 2000 as a private sector
general insurer. In 2001, the company
received certificate of Registration from
IRDA to conduct general insurance business
including health insurance business in
India. The company offers wide range of
general insurance products in the areas of
fire & engineering, motor insurance, health
insurance, travel insurance, asset insurance,
marine insurance, aviation insurance, credit
insurance, sports insurance, film insurance,
154
wedding insurance and gold insurance,

liability insurance, rural insurance and other
miscellaneous insurance. Besides this, the
company also offers insurance covers for
money, fidelity guarantee, burglary and
workmens compensation During FY13;
the company sold over 6.5 mn policies.
The number of claims reported in FY13 was
583,117.
D&B D-U-N-S 91-844-0918

Product Offerings
Motor, Health, Life, Travel Insurance

Total Income (` mn)
34,087.2
29,243.3

AUM (` mn)
Solvency Ratio
72.43
56,152.0
1.79

1st Floor, The Ferns Icon, Survey No. 28, Doddanekundi, Off Outer Ring Road, Bengaluru - 560037, Karnataka
Website: www.bharti-axagi.co.in
Business Profile
Bharti AXA General Insurance Company
Ltd (Bharti AXA General Insurance)
commenced national operations in
August 2008 and currently has 58 branch
offices across the country. Bharti AXA
General Insurance is a JV between Bharti
Enterprises and AXA. The company offers
wide portfolio of insurance products in
areas of car insurance, two wheeler, health
insurance, critical illness insurance, personal
accident and home insurance products. In
addition, the company also offers other
value added insurance products such
as SME package, Commercial Insurance
which protects against damage to property
caused by fire, lightning or explosion,

Motor Third Party Liability which not only
covers motor vehicles but also legal liability
for the damage caused to a third party and
Commercial Vehicle insurance which covers
commercial vehicle against own and third
party damages.
D&B D-U-N-S 91-614-5711

Product Offerings
Health, Marine, Fire, Motor

Total Income (` mn)
10,075.2
8,863.8
86.55

AUM (` mn)
14,840.9
1.36
Solvency Ratio

Dare House, 2nd Floor, No.2, NSC Bose Road, 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 wide variety of products to suit
both individual and corporate needs. For
individuals, the company offers motor
insurance, travel insurance, personal
accident and home Insurance. For the
SMEs and corporate clients, it provides
customized
solutions
encompassing
insurance as well as risk consulting services
in engineering, liability, marine, property
and miscellaneous. The companys risk
consulting arm, Chola MS Risk Services
offers risk identification, assessment

and control through risk management
& engineering solutions in the field of
safety, health, environment and insurance
support. Under health insurance, the
company introduced a new plan named
Chola Swasth Parivar which offers personal
accidental cover with dual protection. It
also offers travel insurance for students,
business/leisure travel and corporate travel.
As on Mar 31, 2013 the company operated
through a network of 100 branches spread
across the country.
D&B D-U-N-S 67-563-4270

Product Offerings
Fire, Marine, Motor, Health

Total Income (` mn)
13,379.1
11,674.3
77.12

AUM (` mn)
17,261.5
1.42
Solvency Ratio

Express Towers, 10th Floor, Nariman Point, Mumbai - 400021, Maharashtra
Website: www.ecgcindia.in
Business Profile
Export Credit Guarantee Corporation of
India Ltd. (ECGC) is a GoI enterprise which
provides export credit insurance facilities to
exporters and banks in India. GoI had initially
set up Export Risks Insurance Corporation
(ERIC) in July 1957. It was transformed into
Export Credit and Guarantee Corporation
Ltd in 1964 and later to Export Credit
Guarantee Corporation of India in 1983. It
functions under the administrative control
of Ministry of Commerce & Industry,
and is managed representatives of the
government, RBI, banking, insurance
and exporting community. ECGC product
portfolio comprises export credit insurance
for exporter, for banks and special

schemes. The special schemes offered by
the company include Buyers Credit Cover,
a credit extended by a bank in India to
an overseas buyer, Line of Credit Cover,
Transfer Guarantee, Overseas Investment
Insurance and Customers Specific Cover.
The export credit insurance for banks and
exporters include short, medium and long
term credit schemes. In Sept 17, 2013 GoI
inaugurated the first overseas office of
ECGC in London, UK.
D&B D-U-N-S 86-242-3225

Product Offerings
Export Credit risk insurance

Total Income (` mn)
12,066.0
7,960.4
102.01
AUM (` mn)
Solvency Ratio
50,339.0
9.64
155

Indiabulls Finance Centre, Tower 3, 6th Floor, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013, Maharashtra
Website: www.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
mainly deals in non-life insurance business
in India while its sister concern, Future
Generali India Life Insurance Co. Ltd.
deals in life insurance business. Future
Generali is part of the Future Group and
a registered member under IRDA for
insurance trading. The companys product
portfolio comprises of health insurance,
personal accidental insurance, travel
insurance, home insurance, commercial
& corporate insurance products and rural
insurance products. Some of the health

insurance products are Future Health
Suraksha for individual and family, Future
Health Surplus and Future Criticare. Under
the commercial products, the company
introduced a plan called Business Suraksha
for corporate clients which provides
protection against unforeseen events like
fire, earthquake, breakdown, burglary,
etc. Cattle & Live Stock Insurance, Farmers
Package Insurance, Poultry Insurance and
Sampoorna Suraksha are various kinds of
rural insurance products that the company
offers for providing an exclusive cover in
the event of loss or damage.
D&B D-U-N-S 65-030-8604

Product Offerings
Marine, Fire, Health, Motor

Total Income (` mn)
8,444.4
7,391.0
80.05

AUM (` mn)
12,951.5
1.78
Solvency Ratio

Suraksha, 170, Jamshedji Tata Road, Churchgate, Mumbai 400020, Maharashtra
Website: www.gicofindia.com
Business Profile
(GIC Re) was incorporated in 1972 by the
GoI in pursuance of the General Insurance
Business (Nationalisation) Act, 1972 for the
purpose of controlling and carrying on the
business of general insurance. Pursuant
to the IRDA Act of 1999, GIC Re was renotified as the Indian reinsurer in Nov
2000. The company has overseas presence
through a representative office in Moscow
and branch offices in Dubai, London and
Malaysia. GIC Re is engaged in providing
reinsurance to the direct general insurance
companies in the domestic market. GIC
Res domestic reinsurance policies cover
various areas including property, marine

including hull, marine cargo, marine crude
oil, engineering, aviation hull, aviation
treaty, spares, liability and miscellaneous
among others. GIC Re is also leading
the reinsurance programmes of several
insurance companies in SAARC countries,
South East Asia, Middle East and Africa.
D&B D-U-N-S 65-073-3371

Product Offerings
Global and domestic Reinsurance solutions

Total Income (` mn)
164,049.2
133,217.9
82.13

AUM (` mn)
261,320.4
2.39
Solvency Ratio

1st Floor/165-166, Backbay Reclamation, HT 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, a housing finance institution
and ERGO International AG, the primary
insurance entity of Munich Re Group. HDFC
ERGO offers complete range of general
insurance products ranging from motor,
health, travel, home and personal accident
in the retail space and customized products
like property, marine and liability insurance
in the corporate space. In health insurance,
the company offers Health Suraksha,
Critical Illness and Health Suraksha Top
Up Plans among others. It also offers rural
insurances schemes like Gramin Aarogya
156
Nidhi and Rainfall Index Insurance for

farmers safety. In FY13, the company
issued over 3.4 mn policies of which
87% was issued under the automated
mode. In FY13, HDFC ERGO launched an
in-house Health Claim Service for quick
claim settlement. As on 31 March 2013,
HDFC ERGO operated through network 81
branches spread across the country.
D&B D-U-N-S 67-624-2994

Product Offerings
Motor, Housing, health, travel

Total Income (` mn)
14,554.9
12,425.7

AUM (` mn)
Solvency Ratio
76.54
26,962.2
1.61

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 Canada based
company. The company offers wide range
of general insurance products in the form
of motor insurance, health insurance, travel
insurance, student medical insurance and
home insurance. In addition, it also offers
NRI insurance services, business insurance
and third party motor insurance. The
275 branches. During FY13, the company
issued over 9.18 mn policies and settled
over 5.07 mn claims. During the same
period, the company launched a customer

centric mobile application Insure which
enable customer to buy and renew their
policies. ICICI Lombard, in association
with ICICI Foundation launched Healthy
Lokshakti a programme which provides
various healthcare facilities for mother and
child upto one year of age in FY13.
D&B D-U-N-S 91-862-0469

Product Offerings

Total Income (` mn)
46,000.1
40,092.5
84.32

AUM (` mn)
77,466.4
1.55
Solvency Ratio
IFFCO TOKIO General Insurance Company Limited

IFFCO Tower, 4th & 5th Floor, Plot No.3, Sector - 29, Gurgaon - 122001, Haryana
Website: www.iffcotokio.co.in
Business Profile
IFFCO Tokio General Insurance
Company Ltd (IFFCO Tokio) was
incorporated on Dec 4, 2000. The company
is a JV between the Indian Farmers
Fertilizer Co-operative (IFFCO) and its
associates and Tokio Marine and Nichido
Fire Group. The company mainly offers
variety of general insurance products such
as motor insurance, health insurance,
travel insurance, home insurance, etc.
Besides, it also offers niche products like
Credit Insurance, Fine Arts Insurance, P &
I Insurance, Errors & Omission Policy for
the IT Sector etc. In addition, the company
came out with its rural centric initiatives
by launching products like Sankat Haran

Bima Yojana, Mausam Bima Yojana, Mahila
Suraksha Bima Yojana, Cattle and Weather
Insurance and Janata Bima Yojana among
others. Other value added services offered
by IFFCO Tokio includes Trade Protector
Policy and Trade Suvidha Policy which
provide complete protection to business
against any unforeseen event.
D&B D-U-N-S 91-843-6697

Product Offerings
Fire, Health, Marine, Motor

Total Income (` mn)
18,831.7
16,240.8
76.69

AUM (` mn)
31,174.2
1.43
Solvency Ratio

6th Floor, City 2, Plot No. 117, CST Road, Kalina, Santacruz (E), Mumbai - 400098, Maharashtra
Website: www.ltinsurance.com
Business Profile
L&T General Insurance Company Ltd
(L&T Insurance) is a wholly owned subsidiary
of Larsen & Toubro Ltd. The company
provides a range of retail and institutional
insurance solutions catering to the needs
of individuals, SMEs and corporates
across urban and rural India. The product
portfolio of the company includes motor
insurance, health insurance, corporate
insurance products, home insurance and
SME insurance. In health insurance, the
company offers my health Mediure Prime
Insurance, Mediure Classic Insurance and
Mediure Accident Insurance plan which
comes with services guarantee. L&T
Insurance motor insurance offers services

to commercial as well as non-commercial
vehicles through Asset Private Car Policy,
Asset Two Wheeler Liability Policy and
Jeevika Commercial and Miscellaneous
Vehicle Liability Policy thereby keeping
the vehicle insured against any loss. The
companys corporate insurance business
provides insurance against fire, machinery
breakdowns,
electronic
equipment,
contractor etc. In June 25, 2013 the
company partnered with E-Meditek Global
to launch MediCash Card to facilitate
instant cashless claim authorization.
D&B D-U-N-S 91-583-8140

Product Offerings
Non-life/General Insurance

Total Income (` mn)
1,427.8
1,196.2

AUM (` mn)
Solvency Ratio
98.9
2,553.5
2.26
157

Magma House, 24 Park Street, Kolkata - 70016, WB
Website: www.magma-hdi.co.in
Business Profile
Magma
HDI
General
Insurance
Company Ltd (Magma HDI General) is a
joint venture between Magma Fincorp
Limited and HDI-Gerling International
Holding AG, an arm of the Talanx Group,
Ger
many. The company started its
operations in 2009 after signing of joint
venture agreement between the two
partners. Magma HDI General primarily
provides motor insurance policies. Under
motor insurance, the company offers
Commercial Motor Package Policy and
Private Car Package Policy designed to
cover third party liability, loss or damage to
the vehicle, loss incurred through natural
calamities and man-made calamities. The

company also offers Two Wheelers Package
Policy designed to cover third party liability
and loss or damage caused to the two
wheelers in fire, accidental damage caused
by external means, natural calamities,
burglary, theft and riots, among others. In
addition these, the company also provides
cover for personal accident, additional legal
liabilities incurred in cases such as hiring
of paid driver or conductor or cleaner for
operation of vehicle and also in cases of
non-fare paying passengers. The company
also provides insurance cover for CNG-LPG
Bifuel kit.
D&B D-U-N-S 65-061-5383

Product Offerings
Motor and Personal accident

Total Income (` mn)
334.8
142.7
87.93
AUM (` mn)
2,729.0
11.44
Solvency Ratio

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 joint venture 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.
The key benefits of the insurance plans
include direct claim settlement, cashless
facility, in-patient treatment, pre and post
hospitalization expenses for individuals.
Under the corporate segment, the company
offers Employee First Health Insurance and

customizable Group Personal Accident
Insurance.
D&B D-U-N-S 91-651-3084

Product Offerings
Health Insurance

Total Income (` mn)
1,490.3
1,283.7
58.45

AUM (` mn)
2,597.6
2.12
Solvency Ratio

3 Middleton Street, Kolkata - 700071, WB
Website: www.nationalinsuranceindia.com
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
NIC and subsequently NIC was made a
subsidiary of GIC . In 2002, NIC was delinked from its holding company GIC and
presently operates as a GoI undertaking.
NIC provides a variety of general insurance
products for individual, rural, industrial and
commercial customers. It offers various
insurance policies under motor insurance,
health insurance, personal insurance, rural
insurance, industrial risk insurance and
158
commercial risk insurance. Under health

insurance, the company offers various
insurance policies Overseas Mediclaim
Business & Holiday, Overseas Mediclaim
Employment & Studies, among others. The
personal insurance policies offered by the
company include Householders Insurance,
Individual personal Accident and Janata
Personal Accident. NIC offers motor
insurance for car & motorcycle. Under
rural insurance policies including Gramin
Suswasthya Microinsurance Policy and
Gramin Suraksha Bima Policy. Under the
commercial insurance, NIC offers Standard
Fire & Special Perils, Shopkeepers Insurance
and Credit Insurance.
D&B D-U-N-S 65-028-1488

Product Offerings

Total Income (` mn)
95,809.5
74,684.8

AUM (` mn)
Solvency Ratio
85.57
131,061.8
1.5
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 1946, the
company set up an aviation insurance
department. 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. Under personal
insurance, it offers Mediclaim 2012 Policy,
Rasta Apatti Kavach, Householders Policy,
Motor Policy, Money Insurance, Suhana
Safar Policy and Union Health Care Policy
among others. Some of the commercial
insurance policies offered by the company

include Jewellers Block Policy, Bankers
Indemnity Policy, Marine Cargo Policy
among others. Industrial products of the
company consist of Fire Policy, Burglary
Policy, Machinery Breakdown Policy etc.
Some of the companys liability insurance
policies comprises of Public Liability Policy,
Products Liability Policy, Professional
Indemnity Policy etc. The company also
offers social insurance policies like Jan
Arogya Bima Policy, Bhagyashree Child
Welfare Policy, Janata Personal Accident
Insurance among others. The company also
offers satellite insurance to its customers.
D&B D-U-N-S 86-213-1364

Product Offerings
Health, Marine, Fire, Motor

Total Income (` mn)
AUM (` mn)
Solvency Ratio
123,291.7
94,506.4
86.16
178,825.5
2.5
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
159
The Oriental Insurance Company

Limited
Oriental House, A-25/27, Asaf Ali Road, New Delhi - 110002, Delhi
Website: www.orientalinsurance.org.in
About the Company
Dr. A. K. Saxena
Chairman Cum Managing Director
D&B D-U-N-S 65-010-8491
Key Information
Product Offerings
Fire & Property, Motor, Health, Professional, Business, Industry Insurance
Total Income (` mn)
72,536.7
53,871.1

AUM (` mn)
Solvency Ratio
Management Details
Chairman Cum MD
Dr. A.K. Saxena
81.54
The Oriental Insurance Company

Ltd
(Oriental
Insurance)
was
incorporated in Sep 1947 as a wholly
owned subsidiary of the Oriental
Government Security Life Assurance
Company Ltd to carry out general
insurance business. Since 1956 to
1973, the company was part of LIC.
In 1973 when the general insurance
business was nationalised, Oriental
Insurance Company became a
subsidiary of General Insurance
Corporation of India.
Based at New Delhi, the company
operates through more than 1860
offices across India. It also has
international presence with offices in
Nepal, Kuwait and Dubai. Overall, the
company has strength of more than
15,000 trained employees.
Corporate Vision of Company

To be the most respected and
preferred non-life insurer in the
markets we operate.
105848.0
1.51
project insurance, motor insurance,

health insurance, shopkeepers &
householders
insurance,
liability
insurance, agricultural and rural
insurance, among others. The policies
are customised to cater across all the
sections of the Indian society.
Fire & Property Insurance Policy
Under this policy company offers
cover for property against fire and
allied perils.
Marine (Cargo & Hull) Insurance
Policies
Under marine (cargo) policy,
company offers cover for transit
of goods within India and also for
import & export of goods. Under
marine hull policy company offers
cover for ships etc.
Engineering Insurance Policies
Under this policy the company
offers Contractors All Risks,
Erection All Risks, boiler explosion,
civil engineering completed risks,
machinery breakdown, deterioration
of stock, advanced loss of profits,
machinery loss of profits etc.
Products and Services
Motor Insurance
The company offers a vast

portfolio of insurance products
such as fire and property insurance,
marine (cargo & hull), oil and energy,
aviation insurance, engineering and
Under the motor insurance policy,

it offers insurance policies for twowheelers, private and commercial
vehicles. The policy covers liability
to third parties, personal accident
Directors
Mr. S.L. Bansal
Dr. N. Srinivasa Rao
Mrs. Kaushalya Roy
Mr. Vijay Garg
Mr. Amardeep Singh Bali
Mr. Kuldip Singh
Oriental House
160
Advertorial
cover to driver and loss or damage

to the vehicle insured.
Health Insurance
The
company
provides
for
reimbursement of hospitalisation/
domiciliary hospitalisation expenses
for illness / disease suffered or
accidental injury sustained during
the policy period. Some of the
popular policies are Happy Family
Floater Policy with two plans
namely Gold and Silver, Individual
Mediclaim and Group Mediclaim
health insurance covers. The
company also actively participates
in Rashtriya Swasthya Bima Yozna.
Overseas Mediclaim Insurance
This policy provides for payment
of medical expenses in respect
of illness suffered or accident
sustained by Indian residents during
their overseas trips for specified
purpose. The policy offered is a kind
of package policy covering risks like
medical expenses and repatriation,
personal accident, loss or delay of
checked baggage, loss of passport
and personal liability whilst abroad.
Shopkeeper Insurance Policy
It is a kind of package policy designed
for shopkeepers to cover their
risks associated with the business
under one roof like loss or damage
to building and contents, loss of
money in transit, plate glass, neon
sign/glow sign, personal baggage,
PA cover, fidelity guarantee of
employees and legal liability to third
party including employees.
Householders Insurance Policy
Oriental Insurances householder
insurance policy is a composite
policy spilt into sections covering
number of contingencies including,
fire, housebreaking, all risks, plate
glass, domestic appliances, personal
computers & laptop, pedal cycle,
baggage, personal accident and
public liability.
Insurance Policy for Professionals
The
company
offers
various
insurance policies for professionals
including
bankers
indemnity
insurance policy, directors and
officers liability policy, professional
indemnity, errors & omissions
insurance, sports insurance policy
and stock brokers indemnity
insurance policy among others.
Advertorial
Liability Insurance policies

The company provides protection
against liability arisen in normal
course of business. Some of the
popular policies are product
liability, public liability, workmens
compensation among others.
Rural Insurance
the company provides various
customised insurance products
including Kissan Package Policy,
agricultural pumpset insurance,
cattle insurance, policies for various
fruits and vegetation, animal
insurance, sericulture insurance, tea
plantation insurance among others.
Current Highlights
Oriental Insurance is one of the
first public sector non-life insurance
companies to be on the Core Insurance
Solution. All offices are connected to
central server with real time update
of all transactions. To encourage sale
of policies online and through mobile
medium, its website is also available
on mobiles (www.m.orientalinsurance.
org.in.). To improve the penetration of
non-life insurance, the company has
opened 275 extension counters / micro
offices in untapped areas during 2013.
It has 30 regional offices including
four in Mumbai. There are 26 service
centres in different cities for speedy
settlement of motor vehicle claims. It
has 32 TP hubs for speedy settlement
of motor third party claims.
The company has entered in to tieups for motor and health insurance
segments. Special policies are designed
for the customer of our bancassurance
partners which are PNB and OBC.
Along with PNB, it has successfully
launched PNB-Oriental Mediclaim
Policy to cover complete family of
PNB customers under floater scheme.
Similarly, in tie-up with OBC, it has
introduced Oriental Bank Mediclaim
Policy to cover complete family of OBC
customers. These policies are available
at very competitive price.
Oriental Insurance strives to
provide excellent services to the
customer by harnessing information
technology & dedicated work force.
The company is committed towards
improvement of penetration of nonlife insurance by opening more offices
in unrepresented areas.
CEO Speak
Views of Dr. A. K. Saxena on the
following:
1. Key emerging trends in the Indian
insurance industry
Indian insurance industry is poised
for a giant leap. The growth of
economy, growing middle class, rising
incomes have resulted in increased
demand for both life & non-life
insurance products. Health insurance
sector coupled with growth in the
automobile sector are likely to drive
the growth in the non life sector.
The credibility and rating of Indian
insurers are enabling them to get
good support in reinsurance market
worldwide. The enabling regulatory
environment and increased focus
of Indian government on financial
inclusion are assisting the industry
to increase its market reach. Product
innovation,
customer
centric
approach and new & innovative
distribution channels are likely to
shape the future of Indian insurance
industry.
2. Key delivery channels currently
used and emerging new channels
The individual agents continue
to be our key delivery channel
contributing about 58% to the
total premium. Besides this we have
brokers, bancassurance partners and
corporate agents that contribute
about 20% of the total premium.
The new emerging channels are
the e-commerce through web
portal, mobile insurance and web
aggregators. GoIs initiative CSCs
(common service centers) promises
to be very important distribution
tool. In fact we have already in place
web portal and mobile application
and are in process to sign MOU with
CSC.
3. Impact of adopting multi-channel
delivery channels such as mobile
insurance or e-commerce
The e-commerce channels are likely
to be great facilitator in future. The
beauty of these channels is that they
do not compete with the existing
channels but rather supplement their
efforts. In the remote corners of the
country they are the most effective
modes of delivery of insurance
products. Oriental already generates
more than ` 400 mn premium
through its web portal every year
and the target in the next two years
is to cross ` 1,000 mn. The web
aggregators are also emerging as the
key channel enabling the customers
to make informed choices.
161

5th Floor, Windsor House, CST Road, Kalina, Santacruz (East), Mumbai 400098, Maharashtra
Website: www.rahejaqbe.com
Business Profile
Raheja
QBE
General
Insurance
Company Ltd (Raheja QBE), is a general
insurance company jointly promoted by
Prism Cement Ltd, India and QBE Holdings
(AAP) Pvt Ltd, a wholly owned subsidiary
of QBE Insurance Group Limited, Australia.
Raheja QBE offers various insurance
policies under personal and corporate
segment. Under personal segment,
the company offers personal accident
insurance, cattle & livestock insurance,
domestic burglary insurance, domestic
fire insurance and cancer insurance. Under
corporate segment, the company offers
a wide range of policies under business
accident and health, commercial packages

to cover office assets, products to protect
businesses against physical damage or loss
of assets, construction and engineering
insurance, general liability, marine,
motor, among others. The construction
& engineering policies of the company
provides boiler pressure plant insurance,
contractors all risks insurance, electronic
equipment insurance and machinery
breakdown insurance among others. Some
of the professional liability policies of
the company include directors & officers
liability insurance, medical malpractice
corporate and professional indemnity
insurance.
D&B D-U-N-S 85-904-0673

Product Offerings
Health, Industry, Business

Total Income (` mn)
332.1
144.4
62.87
AUM (` mn)
2,170.8
3.96
Solvency Ratio

Reliance Centre, 19 Walchand Hirachand Marg, Ballard Estate, Mumbai 400001, Maharashtra
Website: www.reliancegeneral.co.in
Business Profile
Reliance General Insurance Company
Ltd (Reliance General), a subsidiary of
Reliance Capital commenced its operations
in the year 2000. The company provides
a vast range of insurance products to
cover fire hazards, marine cargo & hull,
motor, employee liability, public liability,
engineering, aviation, personal accident,
health, etc. The companys insurance
portfolio spans across individuals, corporates
and SME segments. Under the individual
segment, it offers motor insurance, health
insurance, travel insurance, student travel
insurance and home insurance. Under
health insurance it provides policies such
as Reliance HealthGain Policy, Reliance

HealthWise Policy, critical illness insurance
and personal accident insurance. Under
the corporate segment, it offers fire
insurance, engineering insurance, marine
insurance, public liability insurance,
package insurance and other miscellaneous
insurance policies. For SMEs, the company
offers burglary & housebreaking insurance,
fire insurance, package insurance, marine
insurance, group mediclaim insurance and
other miscellaneous insurance policies.
During FY13, the company introduced
mobile payments for its customers.
D&B D-U-N-S 86-245-3495

Product Offerings
Health. Motor, Travel

Total Income (` mn)
16,357.0
13,598.2
92.72

AUM (` mn)
32,578.0
1.62
Solvency Ratio

GYS Global, Plot No. A3, A4, A5, Sector - 125, Noida 201301, UP
Website: www.religarehealthinsurance.com
Business Profile
Religare Health Insurance Company
Ltd (Religare Health) is engaged in the
distribution & servicing of health insurance
products and is jointly owned by Religare
Enterprises Limited, Union Bank of India and
Corporation Bank. The company provides
individual and group health insurance
policies. The company offers Care health
insurance plans for individuals and group.
Some of the features of individual health
insurance plans includes cashless treatment
at 2600+ hospitals & daily allowance,
yearly health check-ups for insured
members, avail of treatment globally, no
claim-based loading, no maximum-entry
162
age limit and no paperwork for online

policy purchase. The features of companys
group health insurance plans include inhouse claim settlement, hospitalization in
case of terrorism, wellness programs and
quick closures among others.
D&B D-U-N-S 86-453-4914

Product Offerings
Health, Travel, Accidental

Total Income (` mn)
266.7
130.8
100.81
AUM (` mn)
1,612.9
Solvency Ratio
2.45

21, Patullos Road, Chennai - 600014, TN
Website: www.royalsundaram.in
Business Profile
Royal Sundaram Alliance Insurance
Company Ltd (Royal Sundaram), a JV
between Sundaram Finance Ltd India
and Royal & Sun Alliance Plc London.
The company is primarily engaged in
providing wide range of non-life insurance
policies in the areas of health insurance,
motor insurance, travel insurance and
home insurance among others. Under
health insurance, it offers Master Product
Total Health Plus, Family Good Health
Insurance and Hospital Cash Insurance.
Royal Sundaram offers car insurance policy
called Car Sheild and also offers home
insurance policies such as Home Sheild
Insurance and Home Content Insurance.

It also offers customized solutions for its
business customers covering various areas
like marine insurance, office insurance,
engineering insurance and industrial
insurance among others. Under the
business insurance, it provides insurance
solutions to the rural sector by offering
policies such as farmers insurance, livestock
insurance, pumps insurance, rural micro
enterprise shield among others. It also
offers policies namely Shakti Health Sheild
and Shakthi Security Sheild by targeting
the social sector.
D&B D-U-N-S 91-535-9686

Product Offerings
Health, Motor, Travel, Home

Total Income (` mn)
14,119.7
12,406.3
74.51

AUM (` mn)
20,800.0
1.44
Solvency Ratio

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 (SBI) and Insurance Australia
Group (IAG). SBI owns 74% of the total
capital and IAG owns the remaining
26% of the total capital. The company is
registered with the Insurance Regulatory
and Development Authority (IRDA) to carry
on general insurance business in India. SBI
General has established its presence in
nearly 14,000 branches of State Bank of
India. As on Mar 31 2013, the companys
current geographical coverage extends to
38 cities pan India. For individuals, the
company offers home insurance, personal
accident insurance, health insurance and

motor insurance for private car & twowheeler. Under the business insurances,
the company offers fire insurance,
health insurance, motor insurance,
marine insurance, package insurance,
construction/engineering insurance and
other miscellaneous insurance policies
including burglary insurance, money
insurance and plate glass insurance.
D&B D-U-N-S 85-897-4339

Product Offerings
Health, Motor, Marine

Total Income (` mn)
2,946.4
2,241.3
79.95

AUM (` mn)
10,080.7
3.2
Solvency Ratio

E-8, EPIP, RIICO Industrial Area, Sitapura, Jaipur 302022, Rajasthan
Website: www.shriramgi.com
Business Profile
Shriram General Insurance Company
Ltd (Shriram General) is a JV between
Shriram Capital Ltd and Sanlam Ltd, a
South Africa based general insurance
company. Shriram General is engaged
in the business of providing general
insurance in the areas of motor insurance,
fire insurance, engineering insurance,
marine insurance and other miscellaneous
insurance. Under motor insurance, it offers
car insurance, two-wheeler insurance and
commercial vehicle insurance. The fire
insurance policies of the company include
Standard Fire & Special Perils Policy,
Industrial All Risk Policy and Fire Loss of
Profit Policy. Under engineering insurance,

it offers Contractors All Risk Insurance
Policy, Erection All Risk Insurance Policy,
Electronic Equipment Insurance Policy,
Machinery Breakdown Insurance Policy,
Contractors Plant & Machinery Insurance
among others. It also offers inland cargo
insurance and export & import cargo
insurance under the marine insurance
segment. Some of the other miscellaneous
insurance policies of the company include
personal accident insurance, money
insurance policy, baggage insurance,
burglary insurance; all risk insurance and
business protector policy.
D&B D-U-N-S 65-030-0051

Product Offerings
Motor, Fire, Marine, Engineering

Total Income (` mn)
12,698.4
10,093.4

AUM (` mn)
Solvency Ratio
88.29
37,005.4
1.57
163

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) provides
health insurance products in the areas of
personal accident, mediclaim and overseas
travel insurance. Star Health is primarily
engaged in the health insurance business
and caters to individuals, families, students
and corporates. The companys health
insurance product portfolio includes
schemes namely Star Comprehensive,
Family Health Optima, Medi Classic,
Senior Citizen Red Carpet, Super Surplus,
Star Health Gain, Star Criticare Plus, Star
Cardiac Care, Star Unique Health, Star
Wedding Gift, Diabetes Safe, Star Delight
and Star Netplus. The company offers Star

Student Care Insurance and also offers
accident insurance to individual and group
customers. Star Health offer customised
travel insurance policies for overseas travel
and caters to individual, family, student
and corporate customers. The company
provides with a combination of health
and life insurance policies namely Star Shri
Individual Care and Star Shri Family Care.
The company has also a insurance policy
specially targeted towards rural population,
i.e. rural micro health insurance.
D&B D-U-N-S 67-558-4088

Product Offerings
Health

Total Income (` mn)
5,297.4
5,112.3
63.17

AUM (` mn)
4,223.2
1.91
Solvency Ratio

Peninsula Business Park, Tower A, 15th Floor, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400013, Maharashtra
Website: www.tataaiginsurance.in
Business Profile
Tata AIG General Insurance Company
Ltd (Tata AIG General), commenced
operations as private sector general
insurance company in the year 2001. The
company is a JV between the Tata Group
and the US-based American International
Group, (AIG) Inc. Tata AIG General offers
wide range of general insurance products
under personal, small business, corporate,
rural and private client group segments.
Under the personal insurance segment, it
offers motor insurance, travel insurance,
health insurance, individual personal
accident insurance, home insurance and
lifestyle insurance. For small businesses,
Tata AIG General offers office insurance,

shop insurance, education institutes
insurance, hotel & restaurants insurance,
housing society insurance and package
insurance. Under the corporate segment,
the company offers motor insurance,
health & accident insurance, travel
insurance, fire & engineering insurance,
marine cargo insurance among others. For
rural customers Tata AIG General offers
motor insurance, property insurance,
livestock insurance and health & accident
insurance. Under private client group, it
offers insurance policies including motor
insurance, home & contents insurance and
fine art & valuables insurance.
D&B D-U-N-S 87-177-6091

Product Offerings

Total Income (` mn)
15,936.0
13,877.4
69.8

AUM (` mn)
24,352.1
1.61
Solvency Ratio

24, Whites Road, Chennai - 600014, TN
Website: www.uiic.co.in
Business Profile
United India Insurance Company
Ltd (UIIC) was incorporated in 1938.
Subsequent to the nationalisation of the
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 the company. UIIC provides various
insurance products spanning across the
areas of marine, industrial, motor, fire,
health, liability, credit, micro insurance
and other miscellaneous insurance such
as business policies, package policies
164
and social policies among others. Under

industrial insurance policies it offers
Boiler & Pressure Plant Policy, Electronic
Equipment Policy, Industrial All Risk Policy
and Machinery Breakdown Policy among
others. Under health insurance it offers
motor package & liability only policies,
credit insurance, marine insurance and
also offers fire insurance policies including
Fire Loss of Profit Policy and Standard Fire
and Special perils Policy. UIIC offers a wide
range of micro-insurance policies including
Agriculture Pumpset Insurance, Dairy
Package Policy, Floriculture Insurance, Hut
Insurance, Sericulture Insurance and Biogas Plant Insurance among others.
D&B D-U-N-S 65-011-7526

Product Offerings

Total Income (` mn)
91,141.5
72,509.4

AUM (` mn)
Solvency Ratio
84.61
159,384.5
2.52

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, Karnataka Bank Ltd,
Dabur Investment and Sompo Japan
Insurance Inc. It primarily operates in retail,
commercial and micro insurance segments.
The companys insurance products include
health & critical illness, personal accident
& disability, home, motor, property for
individuals, offices and shopkeepers. Other
non-life products offered by the company
include packages for small entrepreneurs,
besides employee benefit, operational,
project insurance, liability and other special
products for corporates. Under the retail

segment, some of the products offered
include motor two wheeler insurance
policy, health insurance policy, K Family
Care Policy, Aapat Suraksha Bima Policy,
IOB Health Care Plus Policy, Sampoorna
Swasthya Kavach, farmers package policy,
fidelity guarantee and Saraal Suraksha
Bima. Insurance policies offered in the
commercial segment includes standard
fire & special perils policy, electronic
equipment insurance and industrial all risk
insurance among others. The company
also offers micro insurance policy namely
Saral Suraksha Bima.
D&B D-U-N-S 67-611-9689

Product Offerings
Health, Personal Accident, Motor, Property

Total Income (` mn)
4,024.4
3,413.1

AUM (` mn)
Solvency Ratio
71.37
7,771.8
2.38
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
165
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
D&B D-U-N-S
Product Offerings

Total Income (` mn)
AUM (` mn)
Solvency Ratio
166
abbreviations - Products
ABBREVIATION
Term
CV
Commercial Vehicles
ELSS
Equity Linked Savings Scheme
ETF
Exchange Traded Fund
FCCB
Foreign Currency Convertible Bonds
FCNR
Foreign Currency Non Resident
HCV
Heavy Commercial Vehicles
LC
Letter of Credit
LCD
Liquid Crystal Display
LCV
Light Commercial Vehicles
LDS
Liquid Deposit Scheme
MCV
Medium Commercial Vehicles
MF
Mutual Funds
MRTA
Mortgage Reducing Term Assurance
MUV
Multi-Utility Vehicle
NRNR
Non Resident Non Repatriable
NRO
Non Resident Ordinary
PMS
Portfolio Management Services
PV
Passenger Vehicles
RFC
Resident Foreign Currency
TV
Television
ULIP
Unit Linked Insurance Policy
UV
Utility Vehicles
167
abbreviations - Non-Products & others
ABBREVIATION
Term
AAUM
Average Assets Under Management
ADR
American Depository Reciept
AMC
Asset Management Company
ANBC
Adjusted Net Bank Credit
ATM
Automated Teller Machine
AuM
Assets Under Management
bn
Billion
BOLT
Bse On-Line Trading
BOSS
BseS On-Line Surveillance System
BPO
Business Process Outsourcing
CAR
Capital Adequecy Ratio
CBS
Core Banking Solution
C-DR
Credit Deposit Ratio
CRA
Customer Relations Assistant
DP
Depository Participants
DSA
Direct Selling Agent
ECB
External Commercial Borrowings
EPF
Employees Provident Fund
ESOP
Employee Stock Option
EWS
Economically Weaker Sections
EXIM
Export Import
F&O
Futures and Options
FII
Foreign Insitutional Investors
FIs
Financial Institutions
FPO
Follow On Public Offer
FTP
File Transfer Protocol
FXYCS
Foreign Exchange Yen Clearing System
FY
Financial Year
GDR
Global Depository Reciept
168
ABBREVIATION
Term
Govt
Government
HLA
Home Loan Agent
HNI
High Networth Individual
ICD
Inter Corporate Deposits
IPO
Intial Public Offering
IRDP
Integrated Rural Development Programme
ITeS
Information Technology Enabled Service
JEDS
Jute Enterprises Development Scheme
JNNURM
Jawaharlal Nehru National Urban Renewal Mission
JV
Joint Venture
M&A
Mergers and Acquisitions
MME
Medium and Micro Enterprises
mn
Million
MoU
Memorandum Of Understanding
MSE
Micro and Small Enterprises
MSME
Micro, Small and Medium Enterprise
MW
Mega Watts
n.a.
Not Applicable
NA
Not Available
NBFC
Non-Banking Financial Company
NBFI
Non-Banking Financial Institution
NCFM
NseS Certification In Financial Market
NFO
New Fund Offers
NGO
Non-Governmental Organization
NPA
Non Performing Assets
NPE
Net Premium Earned
NPS
New Pension System
NRI
Non Resident Indian
OEM
Original Equipment Manufacturer
169
ABBREVIATION
Term
OLTAS
On Line Tax Accounting System
PE
Private Equity
PPP
Public Private Partnership
PSU
Public Sector Undertakings
QIP
Qualified Institutional Placement
R&D
Research & Development
RGGVY
Rajiv Gandhi Grameen Vidyutikaran Yojana
RTGS
Real Time Gross Settlement
SBU
Stratergic Business Units
SC
Scheduled Caste
SCB
Scheduled Commercial Bank
SDF
Skills Development Fund
SENSEX
Sensitive Index
SFCs
State Financial Corporation
SHG
Self Help Groups
SLR
Statutory Liquidity Ratio
SME
Small and Medium Enterprises
SNEHH
Scheme for North East Handloom And Handicrafts
SPV
Special Purpose Vehicle
SSI
Small Scale Industries
ST
Scheduled Tribes
STU
State Transport Undertakings
TEDF
Techno Economic Development Fund
UTs
Union Territories
WDM
Wholesale Debt Market
WEDS
Women Enterprises Development Scheme
y-o-y
Year On Year
170
abbreviations - Institutions
ABBREVIATION
Institutions
AAAM Asia
ABN AMRO Asset Management (Asia) Limited
ADAG
Anil Dhirubhai Ambani Group
AMFI
Association of Mutual Funds in India
BlackRock
BlackRock Inc.
CRISIL
Credit Rating and Information Services of India Ltd
DeAM Asia
Deutsche Asset Management (Asia) Limited
DGCX
Dubai Gold & Commodities Exchange
DIHPL
Deutsche India Holdings Private Limited
DSP Adiko Holdings
DSP Adiko Holdings Pvt Ltd
DSP HMK Holdings
DSP HMK Holdings Pvt Ltd
GoI
Government of India
HSCI
HSBC Securities and Capital Markets (India) Private Limited
IPSTA
Indian Pepper and Spices Trades Association
IRDA
The Insurance Regulatory and Development Authority
ISO
International Organization for Standardization
JMFICS
JM Financial and Investment Consultancy Services Private Ltd
MCX
Multi Commodity Exchange of India Ltd
MCX-SX
MCX Stock Exchange Limited
MoR
Minstry of Railways
NASD
National Association of Securities Dealers Inc.
NCDEX
National Commodities Derivatives Exchange Ltd
NMCE
National Multi-Commodity Exchange
NMCEIL
National Multi Commodity Exchange of India Ltd
OTCEI
Over the Counter Exchange of India
RBI
Reserve Bank of India
RRB
Regional Rural Bank
S&P
Standard and Poor
SEB
State Electricity Board
SEBI
Securities and Exchange Board of India
Sun Life (India) AMC
Sun Life (India) AMC Investments Inc
TSL
Tata Sons Limited
UTI
Unit Trust of India
171
abbreviations
Abbreviations Month
Jan
January
Feb
February
Mar
March
Apr
April
Aug
August
Sep
September
Oct
October
Nov
November
Dec
December
Abbreviation
State, Countries & Regions
AP
Andhra Pradesh
DNH
Dadra and Nagar Haveli (UT)
HP
Himachal Pradesh
J&K
Jammu and Kashmir
MP
Madhya Pradesh
NER
North Eastern Region
TN
Tamil Nadu
UP
Uttar Pradesh
WB
West Bengal
SAARC
South Asian Association for Regional Cooperation
UAE
United Arab Emirates
US
United States
172
173
174
Index
Index
A
A. K. Capital Services Limited....................................................54
AB Bank Limited........................................................................16
Abu Dhabi Commercial Bank.....................................................16
Aditya Birla Finance Limited......................................................54
Aditya Birla Money Limited.......................................................96
Ad-Manum Finance Limited......................................................54
AEGON Religare Life Insurance Company Limited...................138
Agriculture Insurance Company of India Limited.....................154
Alankit Assignments Limited.....................................................96
Allahabad Bank.........................................................................16
Almondz Global Securities Limited............................................96
American Express Banking Corp................................................17
Anand Rathi Share and Stock Brokers Limited...........................97
Andhra Bank.............................................................................17
Andhra Pradesh State Financial Corporation.............................55
Antwerp Diamond Bank N.V......................................................17
Apollo Munich Health Insurance Company Limited.................154
Arihant Capital Markets Limited................................................97
Australia and New Zealand Banking Group Limited..................18
Aviva Life Insurance Company India Limited...........................138
Axis Asset Management Company Limited..............................118
Axis Bank Limited......................................................................18
Bank of America, N.A................................................................18

Bank of Bahrain and Kuwait......................................................19
Bank of Baroda..........................................................................19
Bank of Ceylon, The .................................................................19
Bank of India.............................................................................20
Bank of Maharashtra.................................................................20
Bank of Nova Scotia, The...........................................................20
Bank of Tokyo-Mitsubishi UFJ, Limited, The...............................21
Barclays Bank PLC......................................................................21
Bengal & Assam Company Limited............................................56
BF Investment Limited...............................................................57
Bharti AXA General Insurance Company Limited.....................155
Bharti AXA Life Insurance Company Limited...........................139
Birla Sun Life Asset Management Company Limited................118
Birla Sun Life Insurance Company Limited...............................139
BLB Limited...............................................................................97
BNP Paribas...............................................................................21
BNP Paribas Asset Management India Private Limited.............118
Bonanza Portfolio Limited.........................................................98
BSE Limited...............................................................................57
C
Canara Bank..............................................................................22
Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited...........................................................................139
Bajaj Allianz General Insurance Company Limited...................154
Canara Robeco Asset Management Company Limited............119
Bajaj Allianz Life Insurance Company Limited..........................138
Canfin Homes Limited...............................................................57
Bajaj Finance Limited.................................................................55
Capital First Limited..................................................................58
Bajaj Finserv Limited..................................................................55
Capri Global Capital Limited......................................................58
Bajaj Holdings & Investment Limited.........................................56
Catholic Syrian Bank Limited, The..............................................22
Balmer Lawrie Investments Limited...........................................56
Central Bank of India.................................................................22
175
Index
Central Depository Services (India) Limited................................58
Fedbank Financial Services Limited............................................61
Centrum Capital Limited...........................................................59
Federal Bank Limited, The.........................................................26
Cholamandalam Investment and Finance Company Limited.....59
Finaventure Capital Limited.......................................................62
Cholamandalam MS General Insurance Company Limited......155
First Leasing Company of India Limited.....................................62
Citibank N.A..............................................................................23
FirstRand Bank Limited..............................................................27
City Union Bank Limited............................................................23
Franklin Templeton Asset Management (India) Private Limited.120
Clearing Corporation of India Limited, The................................59
Future Generali India Insurance Company Limited..................156
Consolidated Securities Limited.................................................60
Future Generali India Life Insurance Company Limited............140
Corporation Bank......................................................................23
Credit Agricole Corporate & Investment Bank...........................24

Credit Suisse AG........................................................................24
CTBC Bank Company Limited....................................................24
General Insurance Corporation of India..................................156

Geojit BNP Paribas Financial Services Limited............................99
GIC Housing Finance Limited.....................................................62
Goldman Sachs Asset Management (India) Private Limited.....120
DBS Bank Limited......................................................................25
GRUH Finance Limited...............................................................63
Dena Bank.................................................................................25
Deutsche Asset Management (India) Private Limited...............119

Deutsche Bank AG.....................................................................25
Development Credit Bank Limited.............................................26
Dewan Housing Finance Corporation Limited...........................60
Dhanlaxmi Bank........................................................................26
DHFL Pramerica Life Insurance Company Limited....................140
DSP BlackRock Investment Managers Private Limited..............119
HDB Financial Services Limited..................................................63

HDFC Asset Management Company Limited...........................120
HDFC Bank Limited....................................................................27
HDFC ERGO General Insurance Company Limited....................156
HDFC Securities Limited...........................................................100
HDFC Standard Life Insurance Company Limited.....................141
Hongkong and Shanghai Banking Corporation Limited, The ....27
Housing & Urban Development Corporation Limited................63
Edelweiss Broking Limited.........................................................98
Housing Development Finance Corporation Limited.................64
Edelweiss Financial Services Limited..........................................60
HSBC Asset Management (India) Private Limited.....................121
Edelweiss Securities Limited......................................................98
Edelweiss Tokio Life Insurance Company Limited....................140

Emkay Global Financial Services Limited....................................99
Export Credit Guarantee Corporation of India Limited............155
Export-Import Bank of India......................................................61
ICICI Bank Limited.....................................................................28

ICICI Home Finance Company Limited.......................................64
ICICI Lombard General Insurance Company Limited................157
ICICI Prudential Asset Management Company Limited............121
ICICI Prudential Life Insurance Company Limited.....................141
Fairwealth Securities Limited.....................................................99
ICICI Securities Limited............................................................100
Family Credit Limited.................................................................61
ICICI Securities Primary Dealership Limited..............................100
176
Index
IDBI Bank Limited......................................................................28
IDBI Capital Market Services Limited.......................................101
IDBI Federal Life InsuranceCompany Limited..........................141
Karnataka Bank Limited, The.....................................................31
IDFC Asset Management Company Limited.............................121
Karnataka State Financial Corporation......................................69
IDFC Capital Limited..................................................................64
Karur Vysya Bank Limited,The...................................................31
IDFC Limited..............................................................................65
Karvy Stock Broking Limited....................................................102
IDFC Securities Limited............................................................101
Kirloskar Brothers Investments Limited......................................69
IFCI Limited...............................................................................65
Kotak Mahindra Asset Management Company Limited...........123
IFFCO TOKIO General Insurance Company Limited..................157
Kotak Mahindra Bank Limited...................................................32
IKF Finance Limited...................................................................65
Kotak Mahindra Capital Company Limited................................70
IL&FS Financial Service Limited..................................................66
Kotak Mahindra Investments Limited........................................70
IL&FS Investment Managers Limited..........................................66
Kotak Mahindra Old Mutual Life Insurance Limited.................142
India Infoline Finance Limited...................................................66
Kotak Mahindra Prime Limited..................................................70
India Infoline Limited..............................................................101
Kotak Securities Limited..........................................................102
India Infrastructure Finance Company Limited..........................67
Indiabulls Housing Finance Limited...........................................67

Indiabulls Securities Limited....................................................102
IndiaFirstLife Insurance Company Limited..............................142
Indian Bank...............................................................................29
L&T Finance Holdings Limited...................................................71

L&T Finance Limited..................................................................71
L&T General Insurance Company Limited................................157
Indian Overseas Bank................................................................29
L&T Housing Finance Limited....................................................71
Indian Railway Finance Corporation Limited.............................67
L&T Infrastructure Finance Company Limited............................72
Indian Renewable Energy Development Agency Limited...........68
L&T Investment Management Limited.....................................123
IndusInd Bank Limited...............................................................29
Lakshmi Vilas Bank Limited, The................................................32
Industrial and Commercial Bank of China Limited.....................30
LIC Housing Finance Limited.....................................................72
ING Investment Management (India) Private Limited..............122
LIC Nomura Mutual Fund Asset Management Company Limited..
ING Vysya Bank Limited.............................................................30
123
ING Vysya Life Insurance Company Limited.............................142
Life Insurance Corporation of India.........................................143
INOX Leasing and Finance Limited............................................68
LKP Securities Limited..............................................................103
Intec Capital Limited.................................................................68
Magma Fincorp Limited............................................................72
Jammu & Kashmir Bank Limited, The........................................30
Magma HDI General Insurance Company Limited...................158
JM Financial Asset Management Limited.................................122
Mahindra & Mahindra Financial Services Limited......................73
JM Financial Limited . ...............................................................69
Manappuram Finance Limited...................................................73
JPMorgan Asset Management India Private Limited................122
Manipal Housing Finance Syndicate Limited.............................73
JPMorgan Chase Bank, N.A.......................................................31
Marwadi Shares and Finance Limited......................................103
177
Index
Mashreq Bank...........................................................................32
Power Finance Corporation Limited..........................................79
Max Bupa Health Insurance Company Limited........................158
Principal Pnb Asset Management Company Private Limited....125
Max Life insurance Company Limited......................................143
PTC India Financial Services Limited..........................................79
Mirae Asset Global Investments (India) Private Limited...........124
Punjab & Sind Bank...................................................................34
Mizuho Bank Limited................................................................33
Punjab National Bank................................................................34
Morgan Stanley Investment Management Private Limited......124
Motilal Oswal Asset Management Company Limited..............124

Motilal Oswal Financial Services Limited...................................74
Motilal Oswal Securities Limited..............................................103
Muthoot Capital Services Limited..............................................74
Muthoot Finance Limited..........................................................74
Rabobank International.............................................................34
Raheja QBE General Insurance Company Limited....................162
Ratnabali Capital Markets Limited...........................................104
Ratnakar Bank Limited, The ......................................................35
Reliance Capital Asset Management Limited...........................125
Nainital Bank Limited, The.........................................................33
Reliance General Insurance Company Limited........................162
National Bank for Agriculture and Rural Development..............75
Reliance Life Insurance Company Limited................................144
National Housing Bank..............................................................75
Reliance Securities Limited......................................................104
National Insurance Company Limited......................................158
Religare Commodities Limited . ..............................................105
National Securities Depository Limited......................................75
Religare Enterprises Limited......................................................80
National Small Industries Corporation Limited, The...................76
Religare Finvest Limited.............................................................80
National Stock Exchange of India Limited.................................76
Religare Health Insurance Company Limited...........................162
New India Assurance Company Limited, The...........................159
Religare Invesco Asset Management Company Private Limited.125
Nirmal Bang Securities Private Limited....................................104
Religare Securities Limited.......................................................105
North Eastern Development Finance Corporation Limited.........76
Repco Home Finance Limited....................................................80
Royal Bank of Scotland N.V., The . ............................................35
Oriental Bank of Commerce......................................................33

Oriental Insurance Company Limited, The....................... 160-161
Oscar Investments Limited........................................................77
P
Parag Shilpa Investments Limited..............................................77
Pilani Investment and Industries Corporation Limited...............77
Pioneer Investcorp Limited........................................................78
PNB Gilts Limited.......................................................................78
PNB Housing Finance Limited....................................................78
PNB MetLife India Insurance Company Limited.......................143
178
Reliance Capital Limited............................................................79
Royal Sundaram Alliance Insurance Company Limited............163

Rural Electrification Corporation Limited...................................81
Russell Credit Limited................................................................81
S
S. E. Investments Limited..........................................................81
Sahara India Life Insurance Company Limited.........................144
Sakthi Finance Limited..............................................................82
Satin Creditcare Network Limited..............................................82
SBI DFHI Limited........................................................................82
SBI Funds Management Private Limited..................................126
SBI General Insurance Company Limited.................................163
Index
SBI Life Insurance Company Limited........................................144
Tata AIG General Insurance Company Limited.........................164
SHCIL Services Limited.............................................................105
Tata Asset Management Limited.............................................126
Shinhan Bank............................................................................35
Tata Capital Financial Services Limited.......................................86
Shriram City Union Finance Limited...........................................83
Tata Capital Limited...................................................................87
Shriram Equipment Finance Company Limited..........................83
Tata Investment Corporation Limited........................................87
Shriram General Insurance Company Limited..........................163
Tata Motors Finance Limited.....................................................87
Shriram Life Insurance Company Limited................................145
Tourism Finance Corporation of India limited............................88
Shriram Transport Finance Company Limited............................83
SICOM Limited..........................................................................84
SIL Investments Limited.............................................................84
Small Industries Development Bank of India.............................84
SMC Global Securities Limited......................................... 106-107
Societe Generale.......................................................................36
South Indian Bank Limited, The . ..............................................36
Srei Infrastructure Finance Limited............................................85
Standard Chartered Bank..........................................................36
Standard Chartered Securities (India) Limited.........................108
Star Health and Allied Insurance Company Limited.................164
Star Union Dai-ichi Life Insurance Company Limited...............145
State Bank of Bikaner & Jaipur..................................................37
State Bank of Hyderabad...........................................................37
UCO Bank..................................................................................40
Ujjivan Financial Services Private Limited...................................88
Union Bank of India..................................................................40
United Bank of India.................................................................40
United India Insurance Company Limited................................164
Universal Sompo General Insurance Company Limited............165
Urban Infrastructure Venture Capital Limited............................88
UTI Asset Management Company Limited...............................127
V
Vijaya Bank................................................................................41
VLS Finance Limited..................................................................89
State Bank of India....................................................................37
State Bank of Mauritius Limited................................................38
Wall Street Finance Limited.......................................................89
State Bank of Mysore................................................................38
Weizmann Forex Limited...........................................................89
State Bank of Patiala.................................................................38
State Bank of Travancore...........................................................39

STCI Finance Limited.................................................................85
YES Bank Limited.......................................................................41
Stock Holding Corporation of India Limited..............................85

Sundaram Asset Management Company Limited....................126
Sundaram Finance Limited........................................................86
Syndicate Bank..........................................................................39
T
Tamilnad Mercantile Bank Limited . ..........................................39
Tamilnadu Industrial Investment Corporation Limited...............86
Tata AIA Life Insurance Company Limited................................145
179
Notes

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