Finance businesses hold a fascinating position in the tech industry. Traditional financial services are offered by certain organizations, especially well-known banks and investment businesses. They also recruit IT skills and remain focused on developing digital platforms to support the current consumers. Conversely, fintech companies often engage in hyperbolic statements concerning the manner in which their innovative technologies are going to transform the financial industry.
Chennai hosts a number of the top finance companies in Chennai and financial institutions. The oldest bank in India is located in the city, which is a historic financial hub. Local tech companies are now using strategic investments and growing consumer appeal to establish the area as a fintech leader. Here are a few prominent figures in Chennai’s finance industry that you should be aware of.
Why Are Finance Companies in Chennai Making the City Their Base?
Chennai, with its distinctive combination of access to the market, qualified human resources, favorable government policies, and operational productivity, has become a major and low-cost centre to financial companies. The following explains why more financial institutions are choosing Chennai as their location for establishment and growth:
1. Strategic Location with Market Access in South India
- It is a port of entry to Karnataka, Kerala, Andhra Pradesh, and Tamil Nadu.
- This will enable financial institutions to reach a very broad customer base, ranging from retail customers and SMEs to large corporations.
- Regional business is facilitated by good roads and connectivity, which includes having enough ports, highways, and airports.
2. Focus on Superior Proficiency Talent in Finance and Technology
- At prestigious universities that generate skilled workers in the fields of finance, accounting, analytics, and information technology.
- Competent workforce with a background in back-office processing, banking, and fintech applications.
- BPOs and global financial services centers (GICs) are supported by a sizable talent pool.
3. Business-Friendly Policies of Tamil Nadu Government
- Investor-friendly efforts are boosting financial institutions and fintech companies.
- Simplified regulatory procedures and simple company modifications.
- Programs for infrastructure development are building a robust business environment.
4. Lower Operational Costs Compared to Bangalore and Mumbai
- With low office and infrastructural real estate costs.
- Competitive rates for attracting and keeping personnel.
- Reduce the total cost of starting and growing a business, increasing profitability.
List of Top Finance Companies in Chennai
1. Sundaram Finance
Website: https://www.sundaramhome.in/
Sundaram Finance is one of the largest NBFCs, which provides a diverse set of financial services, which include consumer loan services, SME finance, mortgage services, wealth management services, investment banking services, credit cards, credit card services, treasury advisory services, and credit cards. The firm was established in 1954 and is a listed systemically important deposit-taking NBFC under the RBI.
Sundaram enjoys a reputation that is built on trust and customer-centered services, making it have a wide network in Tamil Nadu and South India. In the name of insurance, Sundaram also ventured into insurance as Royal Sundaram and continues to be creative in providing comprehensive financial services to both corporate and individual clients.
- Founded Year: 1954
- Founders: T. S. Santhanam; Rajiv C. Lochan (MD)
- Office Address, Chennai, 21, pattulas road, padupakkam, triplicane, chennai, Tamil Nadu 600014.
Key Services:
- vehicle loans
- Housing finance and mortgage.
- Asset management and mutual funds.
- General Insurance distribution.
- Retail finance and consumer loans.
- Wealth management and advisory service.
- Financial corporate and structured.
- Distribution and ancillary products, Financial services.
2. Inditrade Capital Limited
Website: https://www.inditrade.com
Inditrade Capital Limited is a reputable financial services firm that has also found its way into Chennai and has numerous solutions to offer individuals and businesses in order to attain their financial objectives. The company is geared towards offering customer-centric services through the integration of technology, experience, and a clear insight of financial markets. It serves both the retail and corporate clients, making sure that individuals of various walks of life can get quality financial products.
Inditrade Capital Limited has earned the trust of the people of Chennai through open and transparent services, easy access to investments, and advisory services to assist clients in making an informed decision. Its market presence is such that it is able to offer itself as a one-stop place to anyone seeking solutions to issues like stock broking, loans, and wealth management, among others, to make the process of finance easier and more accessible to all.
- Founded Year: 1994
- Founder: Sudip Bandyopadhyay (Group Chairman)
- Chennai Office Address: Jrg Securities 141, Arcot Road, Kodambakkam, Chennai, Tamil Nadu 600024
Key Services:
- Stock and commodity broking
- Mutual fund distribution
- Life and general insurance services.
- The lending of SME and microfinance.
- Affordable housing finance
- Agri-commodity financing
- Investment advisory, wealth management.
3. IndoStar Capital Finance
Website: https://www.indostarcapital.com/
IndoStar Capital Finance Ltd. is a leading financial company (NBFC) that is a non-banking entity but has a strong foothold in the city of Chennai. It has its Chennai office in Indostar Towers, 1st-3rd floor, in Venkatanarayana Road in T. Nagar, a commercial hub adjacent to Venkatachalapathy temple. The company provides a full range of financial services that are unique to fulfill the needs of individuals and businesses in India.
Having a deep and well-grounded orientation on customer-centric solutions, IndoStar Capital Finance Ltd. seeks to empower its customers with readily available and transparent financial products.
- Founded Year: 2011
- Founders: R. Sridhar (Executive Vice Chairman & CEO)
- Office Address in Chennai: Sakithyan Annexe Building, 1st Floor, Venkatanarayanan Road, Nos. 22 and 23, T. Nagar, Chennai, Tamil Nadu 600017
Key Services Offered:
- Vehicle Finance loans
- Small Business Loans
- Construction Loans & Farm Equipment Loans:
- Life, Motor, and Critical Illness Insurance
- Digital Services
- Customer Support.
4. Equitas Small Finance Bank
Website: https://locate.equitasbank.com/
One such good example is Equitas Small Finance Bank, which is one of the best small finance banks in India that began concentrating on making banking simple, accessible, and inclusive to everyone, and more so, the people and small businesses who were previously not a part of the traditional banking system.
Within Chennai, the bank enjoys a good standing and is a reputable financial partner to individuals, entrepreneurs, and the local communities due to its provision of easy-to-use services with cutting-edge digital banking systems and personal assistance. The bank aims to make individuals have financial independence by making all its services affordable, convenient, and transparent.
- Founded Year: 2007 (Microfinance), 2016 (Bank)
- Founders: Vasudevan P. N., Arun Ramanathan
- Chennai Office Address: No. AH2, AH4, 1st Floor, 4th Avenue, Shanthi Colony, Anna Nagar, Chennai, Tamil Nadu 600040
Key Services:
- Savings Accounts and Current Accounts- Tailored for Individuals, families, and businesses.
- Fixed Deposits and Recurrent Deposits- Safe investments with great interest rates.
- Loans: Personal loans, vehicle loans, house loans, business loans, and microloans to small business people.
- Digitized banking, Mobile banking, internet banking, and UPI to make things simple.
- Insurance & Investment Solutions- Partnership to offer insurance and investment growth.
- NRI Banking Services: Special services and facilities for non-resident Indians.
Suggested Read: Product Based Companies in Chennai
5. TVS Credit Services
Website: https://www.tvscredit.com/
The TVS credit services in Chennai is a reputed financial services provider and a subsidiary of the TVS Group. It supports individuals and corporations to realize their objectives by providing simple and cheap loans. The company has a strong customer-friendly attitude, easy process, and quick approvals, which make it easier to purchase vehicles, personal needs, or business support, with which it has a great presence in Chennai. TVS Credit has gained a reputation as a reliable, transparent, and helpful company as far as various financial needs of customers are concerned.
- Founded Year: 2008
- Founders: Sudarshan Venu (Chairman); Ashish Sapra (CEO & Director)
- Chennai Office Address: Door No 9, Old No 2A, Sundhar Nagar, Ekkaduthangal, Chennai, Tamil Nadu 600032
Key Services:
- Two-Wheeler Loans
- Used Car Loans
- Consumer Durable Loans
- Personal Loans
- Business Loans
- Tractor Loans
- Used Commercial Vehicle Loans
6. FundsIndia
Website: https://www.fundsindia.com
FundsIndia is an online investment company that assists people in multiplying wealth through making smart investments in finance. It can be a single visit to make an investment in mutual funds, stocks, fixed deposits, among other financial products, without leaving the comfort of his/her home.
The site can be easily used, and the tools, the tips given by the professional, and the easy track solutions are offered to enable an individual who has just started to invest in something to be able to plan his or her future with a high amount of confidence.
- Founded Year: 2009
- Founders: Srikanth Meenakshi, C. R. Chandrasekar; Girirajan Murugan (CEO)
- Chennai Office Address: Uttam Building, 3rd Floor, Nos. 38 and 39, Whites Road, Royapettah, Chennai, Tamil Nadu
Key Services of FundsIndia
- Mutual Fund Investments
- Equity Trading-
- Corporate FDs
- NPS (National Pension System)
- Expert Advisory
- Portfolio Tracking Tools
7. BankBazaar
Website: https://www.bankbazaar.com/
BankBazaar is a prominent online financial market business located in Chennai, and assists people in comparing and requesting many different financial products in a straightforward, hassle-free manner. BankBazaar was created to simplify financial decisions, and this includes the collaboration with banks and financial institutions to have access to loans, credit cards, and insurance in the comfort of your home without any problem.
It has introduced transparency and convenience, and this factor has made it a reliable platform for those who would like to search, compare, and select the most suitable financial solutions without traveling to different banks.
- Founded Year: 2008
- Founder: Adhil Shetty (Founder & CEO)
- Chennai Office Address: Prince Info Park, Block-B, 3rd Floor, 81B, 2nd Main Road, Ambattur Industrial Estate, Tiruvallur, Chennai, Tamil Nadu 600058
Key Services:
- Personal Loans
- Home Loans
- Car Loans
- Credit Cards
- Fixed Deposits
- Health Insurance
- Life Insurance
- Car Insurance
- Mutual Funds
8. India Cements Investment Services Limited
Website: https://www.icisinvest.com
The India Cements Investment Services Limited (ICISL) is a well-known financial services firm with its base in Chennai, which is a subsidiary of The India Cements Ltd. It was established to provide easy access to trading and investment solutions to individuals and businesses. The company is a member of the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), which allows its customers to invest in equity, derivatives, and other trading instruments.
Starting as transparent, customer-driven, and aiming at streamlining the process of investing in the capital markets, ICISL has created a reputation as a partner that can be trusted by the people who seek to multiply their fortunes by making use of the capital markets.
- Founded Year: 1985
- Founders: N. Srinivasan (Chairman), R. S. Raghavan (CEO)
- Office Address in Chennai: GEE GEE EMERALD, 2nd Floor, Nos. 2C & 2D, Valluvarkottam High Road, Nungambakkam, Chennai-600034, No. 18/14 (312/14).
Key Services:
- Equity trading on NSE and BSE
- Derivatives trading
- NSDL/CDSL deposit participant services.
- Mutual fund distribution
- IPO application support
- Investment advisory service.
9. Vivriti Capital
Website: https://www.vivriticapital.com/
Vivriti Capital is a financial services firm with headquarters in Chennai, India, and deals with customized debt solutions to mid-sized enterprises and financial institutions in India. Contrary to conventional lenders, it serves as a niche platform that helps to fill the void between the thriving businesses that require funds and investors with credible prospects.
Through technology coupled with sound risk assessment techniques, Vivriti Capital assists companies to realize financing in a more easy, quicker, and open manner, and thus, scale and consolidate their business.
- Founded Year: 2017
- Founder: Gaurav Kumar (Founder & CEO)
- Chennai Office Address: Prestige Zackria Metropolitan, No. 200/1-8, 2nd Floor, Block-1, Chennai, Tamil Nadu 600002
Key Services:
- Structured Debt Financing
- Working Capital Solutions
- Supply Chain Finance
- Investment Opportunities to Institutions and High Net Worth Individuals.
- Risk Management Services and Credit Assessment.
10. Veritas Finance
Website: https://www.veritasfin.in/
Veritas Finance is a non-banking financial company (NBFC) in Chennai, established in 2015, that seeks to address a large vacuum in the credit system of India, namely, providing services to small, micro, and medium businesses (MSMEs) that do not necessarily get easy access to bank lending. It works primarily in semi-urban and rural regions, and credit is offered fairly and transparently, usually with some form of security (such as, but not limited to, their own house).
They do not only aim at making profits but also at making livelihoods- assisting people who own small shops, small businesses, or informal businesses to expand, obtain working capital, purchase vehicles, or construct/repair houses. Veritas has grown over time in terms of capital growth, growth into a large number of states, branches, and customers, and a diversification of its loan portfolio.
- Founded Year: 2015
- Founders: D. Arul Selvan (Founder & MD), R. Seshasayee (Chairman)
- Chennai Office Address: Skcl Central Square 1, South & North Wing, 7th Floor, Unit # C28 – C35, Chennai, Tamil Nadu 600032
Key Services:
- Asset-secured or property-secured medium-term secured loans
- Short-term working capital loans
- Secured Commercial Vehicle loans
- Home construction credit and Loans
11. Northern Arc Capital
Website: https://www.northernarc.com/
Northern Arc Capital is a company in the financial services focused in Chennai whose main focus is to fill the gap between individuals or small businesses who lack access to formal loans and investors or institutions who would prefer to invest in credit. Think about a semi-urban, or poor person who needs a small loan to improve their shop, car, or farm, but can’t get it in time, or finds it too cumbersome, or it is impossible to get to that location by the traditional banks.
Northern Arc exists by collaborating with local originators (microfinance institutions, fintechs, etc.), through technology and proprietary risk models, a combination of both physical branches and digital platforms, and as both a lender and a facilitator. Their funds have funded very large amounts (more than 1.7 trillion since their creation) over the years that have benefited tens of millions of lives in numerous districts and states in India. They not only lend but also design investment products/debt instruments in such a way that investors can invest money in underserved credit markets, and risk management through credit enhancement, securitization, and structuring.
They have also recently acquired a micro financial player, SMILE in Tamil Nadu to consolidate their presence in the rural areas.It does all this with the concept in mind: financial inclusion, tapping underserved segments, data and technology, keeping risk at bay, and providing both investors and borrowers with a good sense of return and reliability.
- Founded Year: 2008
- Founders: Kshama Fernandes (Ex CEO), Bama Balakrishnan (COO)
- Chennai Office Address: Iitm Research Park, Phase I, 10th Floor, 1 Kanagam Village (Behind Tidel Park), Tharamani, Chennai, Tamil Nadu 600113
Key Services:
- Lending / Direct Loans
- Middle-level Retail Lending / Originator Partner Financing.
- Syndication & Structuring
- Investment platform / Fund Management.
- Technology Underwriting Tools and Risk Underwriting Tools.
- Financial Inclusion & Rural / Microfinance Focus.
- Debt placements / Debt Capital Markets Access.
12. Fincare Small Finance Bank
Website: https://www.aubank.in/
Fincare Small Finance Bank is an emerging banking partner in Chennai that is specifically targeted towards individuals and families, and small businesses that need easy, trusted, and current financial services. The bank aims at making banking more friendly, such that it makes it more digital and in-person services so that clients find it easier and convenient to handle their money.
It may be assisting a small business owner in obtaining the right loan, assisting families in saving, or providing quick and easy digital banking to young professionals. Fincare will bring financial inclusion and security to every part of society. Having good customer care, clear procedures, and products that fit the special requirements of the people in Chennai, the bank has established itself as a reliable brand to the people who want to expand their savings and attain financial stability.
- Founded Year: 2017
- Founders: Rajeev Yadav (MD & CEO)
- Chennai Office Address: 5 Madipakkam Main Road, Chennai, Tamil Nadu 600091
Key Services:
- Savings and Current Accounts of good interest rates.
- Safe investments by means of Fixed Deposits (FD) and Recurring Deposits (RD).
- Microloans to self-employed people and small business owners.
- Financial support: Affordable Home Loans and Gold Loans.
- Vehicle Loans and Business Loans to assist business persons to grow.
- Mobile banking and the internet banking services of Digital Banking.
- Financial security, insurance, and investment products.
- A specialised customer support and banking services based on priority.
13. Five Star Business Finance
Website: https://fivestargroup.in/
One such non-banking financial company (NBFC) based in Chennai and considered one of the top in providing credit facilities to small business persons, self-employed persons, and families unable to secure credit facilities in conventional banks, is Five Star Business Finance. It was founded with the mission of empowering small businesses and has earned a great reputation in Tamil Nadu and the rest of India as it assists individuals with low-income documentation to access financial assistance in the expansion of their business, housing needs, or other personal demands.
The company mainly serves the underbanked and unbanked sector, where even the minute shop owner, trader, or service provider can improve their lifestyle with the appropriate financial support. Having a customer-focused strategy, open procedures, and adaptable payment plans, Five Star Business Finance has gained the trust of a lakh of its customers in Chennai and elsewhere.
- Founded Year: 1984
- Founders: D. Lakshmipathy (Chairman & MD)
- Chennai Office Address: New No.27, Old No.4, Taylor’s Road, Kilpauk, Chennai, Tamil Nadu 600010
Key Services:
- Small and micro entrepreneur business loans.
- Mortgage securities.
- Mortgages of self-employed clients.
- Asset creation loans and working capital loans.
- Individual repayment plans that are flexible-term.
- Funding of the unbanked and underbanked clients.
14. Shriram Group
Website: https://www.shriramfinance.in/
Shriram Group is one of the most recognized and reliable business conglomerates in India and is based in Chennai. and is known to have a customer-oriented nature and follow financial inclusivity. The formation of the group took place in 1974, and the group has since grown over the decades to meet the demands of the common man and small entrepreneurs who sometimes find it difficult to get the usual banking service..
Having a good base in the financial services, the group has diversified into various markets such as insurance, asset management, housing finance, infrastructure, and commercial vehicle financing. The difference that Shriram Group has is that it has concentrated on empowering individuals on the ground level by providing low-cost and dependable financial services and establishing long-term trust among its clients. It is based in Chennai and has a profound presence in India with millions of clients, and therefore, the city and rural population can enjoy its diverse services.
- Founded Year: 1974
- Founders: R. Thyagarajan, A. V. S. Raja, T. Jayaraman; R. Thyagarajan (Chairman)
- Chennai Office Address: 6, Lattice Bridge Road, Adyar, Chennai, Tamil Nadu 600020
Key Services:
- Commercial Vehicle Financing.
- Small Enterprise and Business Loans.
- Two-Wheeler Loans
- Gold Loans
- Home lending and Housing finance.
- Life Insurance and General Insurance.
- Asset Management and Mutual Funds.
- Wealth Management Services
- Infrastructure Finance
- Consumer & Personal Loans
15. Cholamandalam Investment & Finance Company
Website: https://www.cholamandalam.com
The Chola, a leading non-banking financial company (NBFC) that is based in Chennai, is one of the top coming non-banking companies that, over the years, has established a good reputation for offering credible financial services to individuals and businesses alike. Chola belongs to the well-established Murugappa group that started its operations in 1978, and over time, it has slowly evolved into a customer-oriented financial organization that embraces the ancient values and practices with the modern financial values.
The company enjoys a good presence both in urban and rural India, whereby it provides convenient and user-friendly credit facilities. The company has provided the power to the people of India to make their dreams come true, be it in buying a car, developing a business, or managing their personal finances.
The distinctive aspect of Chola is that it has a whole lot of knowledge on financial matters that impact the lives of ordinary people, especially in semi-urban and rural areas, and its ability to design customer-friendly, transparent, and flexible loan products. The company also stresses trust, long-term relationships, and ethics, and it has allowed the company to become a household name in the field of financial services in Chennai and elsewhere.
- Founded Year: 1978
- Founders: Murugappa Group; Vellayan Subbiah (Chairman); Ravindra Kumar Kundu (Executive Director)
- Chennai Office Address: Dare House, No. 2 Nsc Bose Road, Chennai, Tamil Nadu 600001
Key Services:
- Vehicle Finance (car loans, commercial loans, tractor loans, and two-wheel loans)
- Home Loans and Loan against property.
- Small and medium businesses SME Loans.
- Personal and Consumer Loans for personal financial needs.
- Secured Business and Corporate Lending.
- Wealth Management and Investment Advisor.
- Partnerships Insurance Services.
- Community-based Rural and Inclusive Financing.
Conclusion
Chennai has developed as a centre of reputable finance firms that meet the various needs of consumers, new enterprises, and big business organizations. Personal loans, business financing, and investment solutions, as well as insurance and wealth management, are some of the important roles played by these companies to facilitate financial development and stability. The right finance company in Chennai would make a great difference in reaching your financial targets with convenience and safety.
Be it a business owner in need of capital or a person in need of personal financial assistance, a person will find a vast number of trusted sources in the city. Through service comparison, interest rates, and customer reviews, you will get to have the best finance partner in Chennai to help you lead to a well-considered and well-achieving financial future.
FAQs
Q1. What are the services that finance companies in Chennai offer?
The finance companies in Chennai provide services such as personal loans, business loans, gold loans, vehicle finance, housing finance, microfinance, and investment advisory.
Q2. What is the best company to select in the field of finance in Chennai?
Be aware of the interest rates on loans, customer ratings, and the options of loan repayment, the clarity and openness of costs, and the registration by the company with the RBI or SEBI.
Q3. Are the finance companies in Chennai safe and reliable?
One, yes, there are several well-known finance companies in Chennai, such as Shriram Finance, Veritas Finance, and many more, which are under the RBI and are therefore safe and reliable. Nevertheless, it is always important to get the registration of the company before borrowing.
Q4. How does a bank differ from a finance company in Chennai?
Financial institutions that are regulated by the government and provide an extensive variety of services are banks, whereas those that are not banks and deal exclusively with loans, asset finance, investments with simplified processes and expedited approvals are finance companies (NBFCs).
Q5. Are there online loan facilities in finance firms in Chennai?
Yes, numerous finance firms provide online loan applications, digital documentation, and instant disbursals in order to make it convenient for the customer.
Q6. What is the mean interest rate of the finance companies in Chennai?
Rates of interest are different on different loans and depend on the profile of the borrower, although on average it is between 10 and 24 per cent in one year.
Q7. Will Chennai finance companies loan low-credit holders?
Other NBFCs would also lend money to individuals with poor credit or no credit at all, but the interest charges would be high, and it may require security.