Showing posts with label CompanyInformation. Show all posts
Showing posts with label CompanyInformation. Show all posts

Wednesday, July 6, 2011

Major Construction/EPC/Infrastructure Companies

         
        Major Construction/EPC Companies in India
  1. Nagarjuna Construction Company: The Company which is based in Andhra Pradesh  has a decent track record and has managed to perform better than its peers in the last couple of years.It has a presence in almost all construction categories like  water , irrigation, transportation, oil and gas, electrical, metals, real estate and power. It has  annual revenues of around $1.7 billion .
  2. Punj Lloyd One of the most versatile companies in India,it has faced the rockiest times running into losses.The company has major international operations as well and operates in Africa and Asia.It also has big contracts in Libya which is facing massive turmoil
  3. JP Associates: diversified business model and increasing market share in the cement business.The company is a real estate,power,construction conglomerate and is the only listed on the Nifty.The company’s listed subsidiary Jaypee Infratech is building a massive highway cum real estate development passing near the capital of India Noida.
  4. Gammon India: An ISO 9001 certified firm ,Gammon India has pan-India reach and is involved in construction of some of the major bridges,roads and other construction projects in the country.
  5. Hindustan Construction Company (HCC) The Company has done large scale infrastructure construction projects .Present in  sectors like Pipelines, Power, Transportation, Irrigation and Water. HCC like Punj Lloyd has major international operations as well.The company is facing huge pressure due to the environmental delay it is facing at its Lavasa township near Pune.
  6. Lanco Group- This Andhra Pradesh based company has become one of the biggest private utilities in the country and is expanding rapidly in all sectors.The company also has a  major construction business though its focus has shifted more towards power these days
  7. Larsen & Tuobro (L&T) L&T which is one of the largest companies in India with diverse interest across sectors like construction,real estate,technology,capital goods equipment etc. is one of the highest quality companies as well.The company has made a plan to spin off its divisions into separate listed companies as its size has become too unwieldy.One of the best quality construction companies in the country,it possesses skills which other companies don’t.The company also has high corporate governance standards and is professionally managed.L&T is without doubt the top construction stock in India.
  8. Shapoorji Pallonji is a private company with the promoter of the company holding the largest stake in the Tata Group.The Company has executed some very prestigious projecst like World Trade Centre, Bhabha Atomic Research Centre and Taj Intercontinental, Mumbai
  9. Tata Projects A Tata Group Company is one of the biggest EPC players in the country.The company has shown sharp growth in the last few years delivering projects for the massive Tata Group companies.The company has presence Oil,Power,Steel,Distribution etc
  10. IVRCL Infrastructure is one of the biggest and most well known infrastructure companies.The company has diversified capabilities in/n water, transportation, building & industrial structures and power sector.The company has performed BOT/BOOT/DBOOT projects

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Posted by ashish at 8:59 AM 9 comments

Education Companies in India

Note the Education Market in India has been estimated to be around $50 billion and growing rapidly.Though the market is fragmented currently with schools run mostly by christian missionaries,a few chains and thousands of standalone trusts,some consolidation is happening.Some brands like “Delhi Public School” has become highly valued and is rapidly expanding throughout the country.With the government schools considered of extremely low quality,private education companies have a massive field to expand in.It is a highly profitable ,recession proof business with huge demand attracting a number of private equity investors as well.

List of Education Companies in India

– It is a pioneer in using technological means to provide education  in the  country. I In India, they started as Everonn Systems India Limited in Chennai in the year 2000. Later, in 2007 the company entered the Internet arena with its Web products and online entrance exam tutorials. To spread education across the country, it started Educating India Initiative in the year 2009. Everonn is listed in both the NSE and BSE. It has network of leading schools, colleges training centers, as well as features like web products, entrance examination guidance, retail, skill development, teachers’ training, education resources, e-governance, animation and gaming and formal education segments.
The different types of schools associated with Everonn are -
  • Kinderstand is a pre-school from Everonn  that offers full-day care for children between the ages of 2 and 8 years.
  • KenBridge Schools offers  technology enabled education to students at the district level.
  • Winfinity World international Schools
– It was founded in 1994 and since then it has become  the largest education company in India.Educomp Group reaches out to over 26,000 schools and 15 million learners and educators across the world, with 27 offices worldwide including 20 in India. In addition, the Company operates through its various subsidiaries including authorGEN, Threebrix eServices, Learning.com, USA, AsknLearn Pte Ltd, Singapore and via its associates such as Savvica in Canada.
The different Schools & Colleges associated with the company are -
  • Roots to Wings is a chain of pre-schools, designed to cater to the needs of children between two to five years. Launched in 2006, it has  240 franchisee schools operational.
  • EuroKids is targeted towards the pre-school environment. Launched in 2001, EuroKids has raised the bar for preschool education in the country.The other institutions are International, Millenium & Takshila school, Raffles Millennium International & Millennium Academy of Professional Studies.
NIIT – NIIT was founded in 1981 to provide effective learning solutions & IT knowledge to individuals, industries and educational centers in about 40 countries. Some solutions which are meant for teachers and students include Interactive Classrooms, Mobile Science Lab, Learning lab, Math lab, Quick School and IT Wizard.NIIT’s training solutions in IT, Business Process Outsourcing, Banking, Finance and Insurance, Executive Management Education, and Communication and Professional Life Skills, touch five million learners every year.
  • Centre for Advanced Learning offers Executive Management Education Programs in association with Indian Institutes of Management (IIMs) at Ahmedabad, Indore, Kolkata, Lucknow, IMT Ghaziabad and IIFT Delhi.
  • NIIT Institute of Finance Banking & Insurance (IFBI), formed by NIIT with equity participation from ICICI Bank, offers programs for individuals and corporates in Banking, Financial Services and Insurance.
  • NIIT Uniqua, Centre for Process Excellence, addresses the increasing demand for skilled workers in the business and technology services industry by providing training programs in relevant areas.
  • NIIT’s Corporate Learning Solutions, offers integrated learning solutions (including strategic consulting, learning design, content development, delivery, technology, assessment and learning management) to Fortune 500 companies, Universities, Technology companies, Training corporations and Publishing houses.
Manipal K-12 Education Pvt. Ltd 
– Earlier, the company was known as Edurite Technologies, a leading technology based education solution provider. The company was merged with a world renowned online tutoring firm called TutorVista in the year 2007 & later in 2008, TutorVista with Manipal Education and Medical Group (MEMG) formed Manipal K-12 Education Pvt. Ltd.
Manipal K-12 Education provides an range of learning solutions including spoken English courses, CDs and DVDs. It offers online tutoring solutions for subjects like English, Maths and Science. The company is based in Bengaluru, India.  The different services provided are Edurite Tutorials (technology based tutorial facilities), Manipal School Services (management services for school), Edge-English Expert (cutting edge teaching aid for training in English) & OEM (digitalized content for related products). The company also has different classroom solutions like DigiClass (ICT based classroom solutions) & DigiLAB (technology-based lab solution)

It was set up in the year 1995 to provide training and learning solutions to students so that they can prepare for the various entrance examinations. It offers classroom courses and other web-supported services. It also introduced its playschool chain called ‘Ananda’ . The K12 schools by CL are named as ‘Indus World School of Business’ and Business school is called ‘Indus World School of Business’. It has students enrolled in graduate and post graduate courses to help them qualify entrance examinations like CAT, GRE, XAT and other high level tests that take place across India. In addition, this company also organizes training programs for senior and high secondary school candidates every year in the fields of law, hotel management, BBA, fashion & design and engineering.
Career Point is essentially a Tutorial Based Company coaching Students to pass competitive exams like IIT,AIEEE and various other engineering and medical tests.This Competitive Exam Coaching Industry has become quite big in recent times with a number of players like Bansal,Akash and others.There is little value add or entry barrier in this business.It is now trying to enter the school business known as the K12 segment.It recently managed to publicly list through a heavily subscribed IPO in the Indian stock markets becoming the first “coaching” company in India to get listed.

Publishing-Education Companies

Macmillan is one of the largest and best-known publishers in the world. It is characterized by high-quality academic, educational, fiction and non-fiction publishing in many forms: educational course materials, science, technology and medicine, college textbooks, dictionaries, monographs and reference materials.  The company has relationships with over 15,000 schools all over India and with its 22 offices and showrooms. Macmillan also offers web-based solutions and IT services to publishers globally through its dedicated software services unit ‘emacmillan’.

Pearson Education is one of the leading education companies in India .The learning solutions offered by this company are based on subjects like technology, law, science, business and humanities.The company offers educational solutions in the fields of assessment, enterprise software and testing. Its online learning programs are also considered the best among professional consumers. I
Note this is not a comprehensive list but has the major education companies in India listed above.Besides these companies,others like FIIT and others are major coaching companies which have become major money spinners by providing coaching for entrance examinations.They have received investments from leading Private Equity players.


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Posted by ashish at 8:55 AM 16 comments

Oil Drilling Companies In India


List of Oil and Gas Drilling Companies
Note most of India’s Oil and Gas Companies are involved in the E&P activities as well.The post here details the E&P activities of the integrated Oil and Gas Majors.It also covers the major features of pure oil/gas explorers such as Selan Exploration.

Indian Oil Corporation Ltd. – IndianOil is India’s flagship national oil company with business ranging from refining, pipeline transportation and marketing of petroleum products to exploration & production of crude oil & gas, marketing of natural gas and petrochemicals. IndianOil closed the year 2009-10 with a sales turnover of Rs. 271,074 crore and profits of Rs. 10,221 crore. IndianOil and its subsidiary (CPCL) account for over 48% petroleum products market share, 34.8% national refining capacity and 71% downstream sector pipelines capacity in India. The IndianOil Group of companies owns and operates 10 of India’s 20 refineries with a combined refining capacity of 65.7 million metric tonnes per annum (MMTPA, .i.e. 1.30 million barrels per day approx.). IndianOil’s cross-country network of crude oil and product pipelines, spanning 10,899 km and the largest in the country to meet the energy needs of the consumers. It has a portfolio of powerful energy brands that includes Indane LPGas, SERVO lubricants, XtraPremium petrol, XtraMile diesel, etc.  To enhance upstream integration, IndianOil has been pursuing exploration & production activities both within and outside the country in collaboration with consortium partners.

OIL is like IOCL a government owned PSU engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. OIL also provides various E&P related services and holds 26% equity in Numaligarh Refinery Limited.
OIL currently owns and operates 13 drilling rigs and 14 work-over rigs, besides charter hiring drilling rigs based on operational requirement. Over 1,000 wells covering over 3.5 million metres, varying in depth from 1,000 – 5,000 metres, have been drilled in various surface and sub-surface environments, including high underground pressures and temperature conditions.OIL has over 1 lakh sq km of PEL/ML areas for its exploration and production activities, most of it in the Indian North East, which accounts for its entire crude oil production and majority of gas production. Rajasthan is the other producing area of OIL, contributing 10 per cent of its total gas production.

ONGC Corp –
With a market cap of Rs. 235,000 crores ,ONGC is the biggest government owned oil/gas company. It cumulatively produced 803 Million Metric Tonnes of crude from 111 fields. ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 40 Oil & Gas projects in 15 countries. The company earned a revenue of approx Rs. 20,000 crores with net profit margin of 34% in Dec’10.The company has E&P activities across the entire country as well as internationally.

With a market cap Rs. 66,000 crores, Cairn India is now one of the biggest private exploration and production companies currently operating in the region. A subsidiary of the British company Cairn,its growth has been nothing short of phenomenal after winning a bid to explore oil blocs in Rajasthan in the NELP. Originally estimated to produce 101 million barrels of crude oil, Ravva has now produced around 225 million barrels. The Company and its joint venture partners have completed a 4D seismic acquisition campaign to identify bypassed oil zones within the field and the scope of further reserve addition through future infill drilling.The company was recently taken over by Vedanta in a deal that has generated a huge amount of controversy.

It  is India’s largest private sector enterprise, with businesses in the energy and materials value chain. The overall group’s annual revenues are in excess of US$ 58 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company. The company found the biggest oil/gas find in the country at   KG-D6 off the coast of the eastern seaboard in Andhra Pradesh.The design capacity of the KG-D6 deepwater gas production facilities were assessed and achieved a flow rate of 80 MMSCM.  Oil production from the D26 field now exceeds 35,000 barrels per day.  Currently, RIL’s portfolio consists of 29 exploration blocks. Also, RIL holds 30% interest in PMT fields. Total domestic oil and gas exploration and production acreage amounts to 290,633 sq. kms. In the Panna-Mukta and Tapti Fields, current production from PK wells is around 5,000 Barrels of Oil Per Day (BOPD).
Pure Play Oil Drilling Companies

-It  incorporated in 1983 for taking up Exploration and Production (E&P) activities. HOEC was the first private company in India to enter field of oil and gas exploration. The Company has participating interest in nine oil/gas fields in India (in Cambay basin, Cauvery basin, Assam Arakan basin and Rajasthan basin), which are in varying stages of E & P life cycle i.e. exploration, development and production.

Adani Welspun Exploration Limited is a joint venture (JV) company between Adani Group(65%) and Welspun Group(35%) to undertake upstream oil & gas business. AWEL is a medium sized Oil & Gas company with exploration & production assets globally. The business is spread across Assam-Arakan Basin which is a polycyclic basin in the north-eastern part of India. It is a proven petroliferous basin covering an area of about 116,000 sq. km. Around 115 oil and gas fields have been discovered in the Basin. . In the Cambay Basin more than 90 Oil & Gas fields have been discovered.

A leading player in the global energy market, BG Group has operations in more than 25 countries over five continents.The business include exploration and production, transmission, through pipeline systems or LNG liquefaction and transport.
The company has a 30% interest in Mid and South Tapti gas fields and Panna/Mukta oil and gas fields, 45% interest in one block in the Krishna Godavari Basin and a 25% participating interest in the MN-DWN-2002/2 block.Three development wells completed in Mid and South Tapti in 2010.

-It  is a private sector listed company, incorporated in 1985, engaged in oil exploration and production since 1992.SELAN was among the first private sector companies to have obtained rights to develop three discovered oilfields in the state of Gujarat namely Bakrol, Indrora and Lohar, all with proven oil and gas reserves. SELAN was later awarded two more fields in Gujarat namely Ognaj Oilfield and Karjisan Gas field.

– It is an upstream international oil and gas company whose assets are principally in India. The company is a minority partner with Reliance in the KG BasinIts portfolio includes a blend of exploration,appraisal, development, and production assets.In India, HEPI has a participating interest in one producing property and four exploration licences.In PY3, HEPI has an 18 per cent. interest in this field which accounts for all the Group’s production. It is located offshore in shallow water and produces a light, high quality crude oil.The company has exploration licenses in CY )S/2.In Four Fields it hold 10% stake with Reliance as its partner


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Posted by ashish at 8:47 AM 0 comments

Monday, July 4, 2011

Asset Management Companies in India


What is Asset Management
The practice of managing assets so that the greatest return is achieved. Asset Management is a systematic process of operating , maintaining, and upgrading assets cost-effectively. Asset management can be defined as the professional management of investments such as stocks and bonds. The services of a professional firm is expensive and successful asset management usually requires a large and diverse portfolio. Asset management services are often handled by a team of financial professionals.

The Top Asset Management companies in India are:
  1. UTI Asset Management Co. Ltd. – UTI Asset Management Co. Ltd. (UTIAMC) is a company incorporated under The Companies Act, 1956. It came into existence in 2002, as the Asset Management Company of the UTI Mutual Fund. The paid up capital of UTIAMC has been subscribed by four sponsors: State Bank of India, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank. UTIAMC, apart from managing the schemes of UTI Mutual Fund, also manages the schemes transferred/migrated from the erstwhile Unit Trust of India.
  2. Reliance Capital Asset Management Ltd. -  It is one of India’s leading and amongst most valuable financial services companies in the private sector. Reliance Capital Asset Management Limited, a wholly owned subsidiary of Reliance Capital Limited, acts as the AMC to the Reliance Mutual fund. Reliance Capital has interests in asset management and mutual funds; life and general insurance; commercial finance; stock broking; investment banking; wealth management services; distribution of financial products; exchanges; private equity; asset reconstruction; proprietary investments and other activities in financial services. Reliance Capital has a net worth of Rs. 7,810 crore and total assets of Rs. 31,994 crore  as on March 31, 2011.
  3. SBI Funds Management Pvt. Ltd. -  SBI Funds Management Pvt. Ltd. is one of the leading fund houses in the country. SBI Funds Management Pvt. Ltd. is a joint venture between ‘The State Bank of India’ and Société Générale Asset Management (France), one of the world’s leading fund management companies. SBI Funds management manages over Rs 38,782 crores of assets and has a diverse profile of investors making their investments. In 20 years of operation, the fund has launched 38 schemes with consistent returns.
  4. HDFC Asset Management Co. Ltd. – was incorporated in 1999, and was approved to act as an Asset Management Company for the HDFC Mutual Fund by SEBI. In terms of the Investment Management Agreement, the Trustee has appointed the HDFC Asset Management Company Limited to manage the Mutual Fund. The paid up capital of the AMC is Rs. 25.169 crore. The shareholding pattern is Housing Development Finance Corporation Limited 59.98%, Standard Life Investments Limited 39.99% & Other Shareholders 0.03%. The AMC also provides portfolio management / advisory services and activities are not in conflict with those of the Mutual Fund.
  5. ICICI Prudential Asset Management Co. Ltd. – is a privately owned investment manager. ICICI Prudential Asset Management Company Ltd. is a joint venture between ICICI Bank & Prudential Plc, one of the United Kingdom’s largest players in the financial services sectors. It manages separate client-focused equity, fixed income, and balanced mutual funds. As an Asset Management Company, the company has over 15 years of experience and are currently managing a comprehensive range of schemes of more than 46 Mutual funds and a wide range of PMS Products for its investors, spread across the country.
  6. Franklin Templeton Asset Management (India) Pvt. Ltd. - Franklin Templeton which is one of the biggest Global Asset Managers has a major presence in India as well.It is one of the oldest players in the India.
  7. Birla Sun Life Asset Management Co. Ltd. - is the investment manager of Birla Sun Life Mutual Fund. The Fund offers an array of savings and investment products for its individual, corporate and institutional investors and also manages two offshore funds. The fund house  had an average assets of over Rs.65,000 crore including offshore funds (as on 31 March 2010). It is  ranked amongst the top five asset management companies in the country.
  8. Sundaram BNP Paribas Asset management Co. Ltd. -  is a privately owned investment manager, being a joint venture between Sundaram Finance and French bank BNP Paribas. It invests in the public equity and fixed income markets of India. The firm employs fundamental and quantitative analysis stock picking & in-house and external research to make its investments. The average assets under management was Rs. 12,827 crores as on March 31,2008.
  9. TATA Asset Management Ltd. - The company’s principal activity is to act as investment manager to the Tata Mutual Fund. It has a client base of over 1 million people.  The company manages funds across the entire risk-return basis. These include equity funds, balanced funds and debt funds.
  10. DSP BlackRock Investment Managers Pvt. Ltd.- DSP BlackRock Mutual Fund was set up as a Trust and the sponsors are DSP ADIKO Holdings Pvt. Ltd. & DSP HMK Holdings Pvt. Ltd. (collectively) and BlackRock Inc. DSP BlackRock Investment Managers Pvt. Ltd. is the investment manager to DSP BlackRock Mutual Fund.It invests in variety of equity related, fixed income & hybrid schemes.
Besides the above Kotak has managed to carve a distinct niche despite not having any huge backers.
Complete List of Asset Management Companies

BANKS
Joint Ventures – Predominantly Indian
  • Canara Robeco Asset Management Company Limited
  • SBI Funds Management Private Limited
  • Union KBC Asset Management Company Pvt. Ltd.
Joint Ventures – Predominantly Foreign
  • -  Baroda Pioneer Asset Management Company Limited
Others
  • -  IDBI Asset Management Ltd.
  • -  UTI Asset Management Company Ltd
INSTITUTIONS

Joint Ventures – Predominantly Indian
  • -  LIC NOMURA Mutual Fund Asset Management Company Limited
PRIVATE SECTOR
Indian
  • -  Axis Asset Management Company Ltd.
  • -  Benchmark Asset Management Company Pvt. Ltd. (bought by Goldman Sachs)
  • -  Deutsche Asset Management (India) Pvt. Ltd.
  • -  Edelweiss Asset Management Limited
  • -  Escorts Asset Management Limited
  • -  IDFC Asset Management Company Limited
  • -  India Infoline Asset Management Co. Ltd.
  • -  JM Financial Asset Management Private Limited
  • -  Kotak Mahindra Asset Management Company Limited(KMAMCL)
  • -  L&T Investment Management Limited
  • -  Motilal Oswal Asset Management Company Limited
  • -  Peerless Funds Management Co. Ltd.
  • -  Quantum Asset Management Company Private Limited
  • -  Reliance Capital Asset Management Ltd.
  • -  Religare Asset Management Company Limited
  • -  Sahara Asset Management Company Private Limited
  • -  Sundaram Asset Management Company Limited
  • -  Tata Asset Management Limited
  • -  Taurus Asset Management Company Limited
Foreign
  • -  AIG Global Asset Management Company (India) Pvt. Ltd.
  • -  BNP Paribas Asset Management India Private Limited
  • -  Daiwa Asset Management (India) Private Limited
  • -  FIL Fund Management Private Limited
  • -  Franklin Templeton Asset Management (India) Private Limited
  • -  Goldman Sachs Asset Management (India) Private Limited
  • -  Mirae Asset Global Investments (India) Pvt. Ltd.
  • -  Pramerica Asset Managers Private Limited
Joint Ventures – Predominantly Indian
  • -  Birla Sun Life Asset Management Company Limited
  • -  DSP BlackRock Investment Managers Private Limited
  • -  HDFC Asset Management Company Limited
  • -  ICICI Prudential Asset Mgmt.Company Limited
Joint Ventures – Predominantly Foreign
  • -  AEGON Asset Management Company Pvt. Ltd.
  • -  Bharti AXA Investment Managers Private Limited
  • -  HSBC Asset Management (India) Private Ltd.
  • -  ING Investment Management (India) Pvt. Ltd.
  • -  JPMorgan Asset Management India Pvt. Ltd.
  • -  Morgan Stanley Investment Management Pvt.Ltd.
  • -  Principal Pnb Asset Management Co. Pvt. Ltd.


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Posted by ashish at 9:05 AM 5 comments

Infrastructure Finance Companies of India

        
  1. Rural Electrification Corporation (REC) - REC a listed Public Sector Enterprise Government of India with a net worth of Rs. 11,080 Crore as on March 2010.  Its main objective is to finance and promote rural electrification projects all over the country.  It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office. The Project Offices in the States coordinate the programmes of REC’s financing with the concerned SEBs/State Power Utilities and facilitate in formulation of schemes, loan sanction and disbursement and implementation of schemes by the concerned SEBs/State Power Utilities.
  2. Infrastructure Development Financial Corporation (IDFC) – is India’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. Their business can be broadly classified into Corporate investment banking (project finance, investment banking), alternative asset management (private & project equity), public market asset management (IDFC Mutual fund). The company provides financial intermediation for infrastructure projects and services, adding value through innovative products to the infrastructure value chain & asset maintenance of existing infrastructure projects. It focuses on supporting companies to get the best return on investments.
  3. The Industrial Finance Corporation of India (IFCI) - was founded in July 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank’s Statutory Liquidity Ratio which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates. Until the establishment of ICICI in 1956 and IDBI in 1964, IFCI remained solely responsible for implementation of the government’s industrial policy initiatives. It made a significant contribution to the modernization of Indian industry, export promotion, import substitution, pollution control, energy conservation and generation through commercially viable and market- friendly initiatives. Cumulatively, IFCI sanctioned financial assistance of Rs 462 billion to 5707 concerns and disbursed Rs 444 billion since its inception. In the process, IFCI catalysed investments worth Rs 2,526 billion in the industrial and infrastructure sectors.
  4. Power Finance Corporation (PFC) – is an Institution in financing for sustainable development of the Indian Power Sector and its linkages, with an eye on global operations. The total sanctions & disbursements for the year ended 2009-10 amounted to Rs.65,466 crores & Rs.25,808 crores respectively. The resources mobilized for the year ended Dec 2010 amounted to Rs.764,465 million (source: http://www.pfcindia.com/Content/LendingOperations.aspx). The clientele consists of State Electricity Boards, State Power Utilities, State Electricity/Power Departments, Other State Departments engaged in the development of power projects, Central Power Utilities, Joint Sector Power Utilities, Equipment Manufacturers & Private Sector Power Utilities.
  5. Infrastructure Leasing & Financial Services Limited (IL&FS) is one of India’s leading infrastructure development and finance companies .IL&FS was promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI). Over the years, IL&FS has broad-based its shareholding and inducted Institutional shareholders including State Bank of India, Life Insurance Corporation of India, ORIX Corporation – Japan and Abu Dhabi Investment Authority.IL&FS has branched to become a leading player in venture capital,private equity,asset managment,road building.It has a number of listed subsidiaries in the Indian stock market
  6. India Infrastructure Finance Company Ltd (IIFCL) was established in January 2006 as a wholly owned Government of India company and commenced its operations from April 2006.It was established under the Scheme for Financing Viable  Infrastructure Projects through a Special Purpose Vehicle called the  India Infrastructure Finance Company Ltd, broadly referred to as SIFTI. India Infrastructure Finance Company Ltd (IIFCL) is providing long term financial assistance to various viable infrastructure projects in the country in terms of the SIFTI. The authorized capital of the company is Rs20 billion and has sanctioned financial assistance of Rs 187.60 billion to 107 projects involving a total project cost of Rs1492.03 billion.
  7. L&T Infrastructure Finance Company is a part of L&T Finance Holdings Limited which is a wholly owned subsidiary of L&T.Note L&T is India’s biggest private infrastructure company with interests in a diverse number of fields.LT Infra commenced operations in January 2007.
  8. Srei Infrastructure Finance Limited is another major private sector player which is present in the following segments Project Finance, Advisory and Development, Infrastructure Equipment Finance, Sahaj e-Village, Venture Capital, Capital Market, Quippo – Equipment Bank, Viom – Telecom Towers and Insurance Broking.Srei has a JV with the  Tata Group through Viom Networks Limited for their shared passive telecom infrastructure business and BNP Paribas for Equipment Financing business.
Infrastructure Finance Company Status by RBI Advantages
a) It is entitled to lend up to 25% of its owned funds to a single borrower in the infrastructure sector, compared to 20% of owned funds by other NBFCs that have not been granted IFC status.
b) It is also eligible to raise ECBs up to 50% of owned funds without prior RBI approval.
c) It can raise capital through issuance of infrastructure bonds at comparatively lower yields, as holders of such bonds are entitled to tax benefits

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Posted by ashish at 9:01 AM 0 comments

Finance Companies in India

    
The Indian Financial Companies were subject to strict regulations till 1991 when  interest rates were administered and asset allocation was governed through various formal  mechanisms and strict controls limited the entry of financial companies. In 1991, the government of India initiated a reform programme for India, which encompassed the financial sector.There were numerous reforms that were intitiated which has led to the emergence of a robust financial sector which easily managed to sidestep the post Lehman global financial crisis in 2008.The post 1991 reforms allowed the deregulation of interest rates,entry of new private sector banks  permitted long-term lending institutions like ICICI,IDBI,HDFC to carry out banking activities.The banking sector in India has become increasingly more competitive in recent years. Public sector banks have lost their market share to the more dynamic private sector banks .It is not possible to list out all the Finance Companies in India in one post as there are  almost 13000 non-bank finance companies (NBFCs) besides Banks,Insurance Companies,Foreign Financial Institutions etc.This post lists out the Financial Companies in the Gold Finance,Travel,Housing,Infra sectors as well as the Top 10 Banks.

Housing Finance Companies in India

At present, the need for housing finance in India is largely being fulfilled by the more than 40 Housing
Finance Companies and  27 Public Sector Commercial Banks.The housing finance companies’ market is dominated by large players such as HDFC, LIC Housing Finance Limited, Can Fin Homes, Dewan Housing Finance Limited, Sundram Home Finance  and GRUH Finance Limited (now bought by HDFC)

Government Owned or Related Housing Finance Companies

  1. HDFC - Housing Development Finance Corporation Ltd. provides loans for purchase fresh or resale house as well as to construct houses. It also provides loaning facilities to NRIs. Wide range of home loan products & services like Home Loans, Home Improvement Loans, Home Extension Loans, Loans to professionals for office or clinic, Home Equity Loans (Loan against Property), Short Term Bridging Loan etc are also offered.Home Improvement Loans are for facilitating internal and external repairs and other structural improvements like painting, waterproofing, plumbing and electric works, tiling and flooring, grills and aluminum windows. Home Extension Loan is for the extension of an existing dwelling unit. There are flexible loan repayment options like Step Up Repayment Facility, Flexible Loan installments Plan, Tranche Based EMI, Accelerated Repayment Scheme.
  2. LIC Housing Finance Ltd. - The company has shown the best improvement in recent times in terms of growth and profits having strong parentage with LIC being India’s largest insurance company. This LIC home loan scheme is valid on both purchase and construction of property. LIC housing finance limited offers Griha Sudhar LIC housing loans for individuals looking for an amount of up to 10 lakhs to renovate or make repairs in their properties.
  3. GIC Housing Finance Ltd. - Like LIC Housing Finance,this company too has a major government insurance company as the parent (GIC in  this case).The Company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.
  4. PNB Housing Finance - It is a wholly owned subsidiary of Punjab National Bank. It provides housing finance to individuals for construction or for acquisition/ purchase of house/ flat from development authorities such as DDA/HUDA/ PUDA/RHB etc. and also from private builders/groups housing societies. Enhancement in loan amount s also considered in the event of escalations in cost. Minimum loan amount is Rs.50,000.
  5. Bank of Baroda Housing Finance - Bank of Baroda is the third largest bank in India, after the State Bank of India and the Punjab National Bank. It offers home loans for purchase of new & old dwelling unit, construction of house, purchase of plot of land for construction of a house, repaying a loan already taken from other Housing Finance Company or any Bank, repayment period up to 25 years (floating rate option).
  6. Can Fin Home Ltd. – It was set up in 1987, by Canara Bank in association with reputed financial institutions, including HDFC and UTI. The first bank sponsored Housing Finance Company in India, Can Fin Homes emerged as one of the leading players in the country’s home loan segment. Canara Bank offers home loans for construction, purchase, repairs, additions, renovations of residential house including the purchase of land and construction thereon, for taking over of the Housing Loan liability with other recognized housing finance companies, housing boards, co-operative banks & societies, commercial banks at the prevailing rate of interest. People entitled to loans can be Salaried individuals, individuals engaged in business/professionals and self-employed persons,
  7. SBI Home Finance – SBI Home Finance is the housing subsidiary of India’s largest bank State Bank of India.Note SBI has aggressively targeted the housing finance space winning marketshare from the dominat HDFC.SBI till recently used teaser home loans to attract a large number of customers to its home loan products
  8. Housing & Urban Development Corporation Ltd. (HUDCO)- provides Schemes for shelter and services with a special focus on the economically weaker sections of the society. Apart from financing housing schemes, HUDCO is also contributing to improve the quality of life by augmenting basic community facilities and infrastructure services through its financial assistance for core infrastructure. Projects involving self-help by the beneficiaries are promoted by encouraging sites & services schemes, core housing, shelter upgradation and so forth. In order to provide basic facilities in the existing houses where adequate sanitary disposal system are not available, financial assistance for basic sanitation schemes is also being extended on liberalized items. The Niwas scheme offered is a housing finance instrument for individual families which offers loan assistance to individuals constructing or buying a house or a flat. Similar loan assistance is also extended to extend or improve an existing house or flat.

Private Housing Finance Companies in India

Dewan Housing Finance Ltd. -It  stands strong as the third largest housing finance company & the second largest housing finance company in the private sector. DHFL has also a tie – up  leading Public Sector Banks  such as Punjab & Sind Bank, United Bank of India , Central Bank of India to provide home loans to customers through a Joint Venture. DHFL has also setup up its representative offices at London & Dubai to serve the increasing NRI population in these regions. It has also tied – up with UAE Exchange to offer its home loan products through the various UAE Exchange centers in the GEC countries. It provides Home loans, improvement & extension loans & loans for NRIs. One can avail a Home Loan upto Rs. 500,00,000 but not exceeding 85% of the cost of property/estimate (for improvement/extension). Special scheme like ‘Regressive Payment Scheme’ is also provided for individuals who are due for retirement within the term of the loan & have applied jointly with an eligible younger co-applicant.

Transport Finance Companies

Note Transport Finance Companies provide financing mainly to commercial vehicles and there are very few specialized transport finance companies in India.Shriram is by far the largest specialist player in this segment apart from the Banks.Note private car loans are mainly provided by the banks in partnership with car dealers and companies.

Shriram Transport Finance Company Ltd. – is India’s largest player in commercial vehicle finance. Established in 1979, it is one of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners. The company is a part of the “SHRIRAM” conglomerate which has significant presence in financial services. It also provides added passenger commercial vehicles, multi-utility vehicles, three wheelers, tractors and construction equipment, finance for tyres, engine replacement and working capital thus making them an end to end provider of finance solutions to the domestic road logistics industry. There has been a consistent growth in business and profitability. The assets under management have grown by a CAGR of 40.68% from Rs. 7,436crores in FY 2006 to Rs. 29,126crores in FY 2010.The total income and profit after tax increased from Rs. 908crores and Rs. 141 crores in FY 2006 to Rs. 4,499 crores and Rs. 873. crores in FY 2010 at a CAGR of 49.17% and 57.57%, respectively.

Infrastructure Finance Companies of India

With almost $1 trillion expected to be spent on infrastructure in India over the next 5 years,the scope for these companies is immense if they manage their assets-liabilities in a decent manner

  1. Rural Electrification Corporation (REC) - REC a listed Public Sector Enterprise Government of India with a net worth of Rs. 11,080 Crore as on March 2010.  Its main objective is to finance and promote rural electrification projects all over the country.  It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office. The Project Offices in the States coordinate the programmes of REC’s financing with the concerned SEBs/State Power Utilities and facilitate in formulation of schemes, loan sanction and disbursement and implementation of schemes by the concerned SEBs/State Power Utilities.
  2. Infrastructure Development Financial Corporation (IDFC) – is India’s leading integrated infrastructure finance player providing end to end infrastructure financing and project implementation services. Their business can be broadly classified into Corporate investment banking (project finance, investment banking), alternative asset management (private & project equity), public market asset management (IDFC Mutual fund). The company provides financial intermediation for infrastructure projects and services, adding value through innovative products to the infrastructure value chain & asset maintenance of existing infrastructure projects. It focuses on supporting companies to get the best return on investments.
  3. The Industrial Finance Corporation of India (IFCI) - was founded in July 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank’s Statutory Liquidity Ratio which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates. Until the establishment of ICICI in 1956 and IDBI in 1964, IFCI remained solely responsible for implementation of the government’s industrial policy initiatives. It made a significant contribution to the modernization of Indian industry, export promotion, import substitution, pollution control, energy conservation and generation through commercially viable and market- friendly initiatives. Cumulatively, IFCI sanctioned financial assistance of Rs 462 billion to 5707 concerns and disbursed Rs 444 billion since its inception. In the process, IFCI catalysed investments worth Rs 2,526 billion in the industrial and infrastructure sectors.
  4. Power Finance Corporation (PFC) – is an Institution in financing for sustainable development of the Indian Power Sector and its linkages, with an eye on global operations. The total sanctions & disbursements for the year ended 2009-10 amounted to Rs.65,466 crores & Rs.25,808 crores respectively. The resources mobilized for the year ended Dec 2010 amounted to Rs.764,465 million (source: http://www.pfcindia.com/Content/LendingOperations.aspx). The clientele consists of State Electricity Boards, State Power Utilities, State Electricity/Power Departments, Other State Departments engaged in the development of power projects, Central Power Utilities, Joint Sector Power Utilities, Equipment Manufacturers & Private Sector Power Utilities.
  5. Infrastructure Leasing & Financial Services Limited (IL&FS) is one of India’s leading infrastructure development and finance companies .IL&FS was promoted by the Central Bank of India (CBI), Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI). Over the years, IL&FS has broad-based its shareholding and inducted Institutional shareholders including State Bank of India, Life Insurance Corporation of India, ORIX Corporation – Japan and Abu Dhabi Investment Authority.IL&FS has branched to become a leading player in venture capital,private equity,asset managment,road building.It has a number of listed subsidiaries in the Indian stock market
  6. India Infrastructure Finance Company Ltd (IIFCL) was established in January 2006 as a wholly owned Government of India company and commenced its operations from April 2006.It was established under the Scheme for Financing Viable  Infrastructure Projects through a Special Purpose Vehicle called the  India Infrastructure Finance Company Ltd, broadly referred to as SIFTI. India Infrastructure Finance Company Ltd (IIFCL) is providing long term financial assistance to various viable infrastructure projects in the country in terms of the SIFTI. The authorized capital of the company is Rs20 billion and has sanctioned financial assistance of Rs 187.60 billion to 107 projects involving a total project cost of Rs1492.03 billion.
  7. L&T Infrastructure Finance Company is a part of L&T Finance Holdings Limited which is a wholly owned subsidiary of L&T.Note L&T is India’s biggest private infrastructure company with interests in a diverse number of fields.LT Infra commenced operations in January 2007.
  8. Srei Infrastructure Finance Limited is another major private sector player which is present in the following segments Project Finance, Advisory and Development, Infrastructure Equipment Finance, Sahaj e-Village, Venture Capital, Capital Market, Quippo – Equipment Bank, Viom – Telecom Towers and Insurance Broking.Srei has a JV with the  Tata Group through Viom Networks Limited for their shared passive telecom infrastructure business and BNP Paribas for Equipment Financing business.

Gold Finance Companies

India is one of the largest importers of Gold in the world due to the strong cultural preference towards Gold.Due to the high prevalence of gold ownership,finance companies specialized in financing loans against gold as collateral have started in India.Some of these companies have shown spectacular growth by concentrating their energies in this niche segment and have managed successful IPOs in the stock markets as well.

Muthooot Finance Ltd.- is the largest gold financing company in India in terms of loan portfolio, according to IMaCS Industry Repo rt (2010 Update). It provides personal and business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but could not access formal credit within a reasonable time. Products are offered with varying loan amounts, advance rates (per gram of gold) and interest rates. The principal loan amounts disbursements usually range between Rs.2,000 to Rs. 100,000 while interest rates vary from 12% to 30% pa.The loan portfolio as of March 31, 2010 and November 30, 2010 comprised approximately 2.8 million loan accounts and approximately 4.1 million loan accounts, respectively, in India with Gold Loans outstanding of Rs. 73,417 million and Rs. 128,977 million respectively.

Manappuram Finance -  It has been registered under Reserve Bank of India and was founded in 1949. A loan up to 1 Crore can be availed against Gold Ornaments or Jewelery. Depending on the net weight  and purity of the gold, cash is disbursed. Diminishing interest rates starting from 1% per month. Interest is payable only for the number of days the pledge is maintained with the company.

Tourism Finance Companies

Again like Gold Finance,this is a specific niche dominated by the government owned finance companies.

Tourism Finance Corporation of India – The Government of India decided in 1988, to promote a separate All-India Financial Institution for providing financial assistance to tourism-related activities/projects. TFCI provides financial assistance to enterprises for setting up and/or development of tourism-related projects, facilities and services, such as hotels & restaurants, holiday resorts, amusement parks, multiplexes and entertainment & cultural centers, convention halls, transport, travel and tour operating agencies etc. TFCI was incorporated as a Public Limited Company. IFCI & SBI are the major shareholders holding 33.04% & 9.19% respectively of the company. TFCI provides financial assistance to projects with capital cost of Rs. 3 crore and above.

Life Insurance Companies in India

  1. Life Insurance Corporation of India – Life Insurance Corporation of India (LIC) is a Government of India enterprise, and is the largest life insurance company . LIC had been established in 1956, after the Life Insurance Corporation Act had been passed by the Parliament of India in the same year. It also provides savings features along with various insurance policies. LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance.LIC with its massive corpus is  also the largest investor in the Indian market.LIC continues to be the best insurance company in India just because of its track record and the high trust it is held in.Private life insurance companies in India like the Car Insurance Companies are held in low trust and it is true considering the harassment and the low claims percentage that these companies give out.Even if LIC can’t manage to give the polish of the private insurers,its scores on delivery which the only thing that matters.
  2. TATA AIG - Tata AIG Life Insurance Company Limited is a joint venture between the  Tata Group and American International Group, Inc. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata AIG General Insurance Company, which started its operations in India in 2001, provides insurance solutions to individuals and corporates. It also offers a complete range of general insurance products including insurance for automobile, home, personal accident, travel as well as several specialized financial lines.
  3. Bajaj Allianz – Bajaj Allianz life Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. Bajaj Allianz has made a profit before tax of Rs. 180 crores and has become the only private insurer to cross the Rs.100 crore mark in profit before tax in the last four years. Today, Bajaj Allianz is one of India’s leading and fastest growing insurance companies.
  4. Reliance Life Insurance Ltd. -It is a part of Reliance Capital Ltd (ADAG Group) which one of India’s leading private sector financial services companies. In just 2 years, the Company has crossed the mark of 1.7 Million policies. It is one of India’s leading private insurance companies with over 94 customized insurance products catering to the corporate, SME and individual customers. Reliance Life Insurance is not only one of India’s fastest growing life insurance companies, but also counts among the top 4 private sector insurers.
  5. Birla Sunlife Insurance .- Birla Sun Life Insurance Co. Ltd. is a joint venture between Aditya Birla Group and Sun Life Financial Inc. This insurance company has pioneered the unique Unit Linked Life Insurance Solutions in India. Within 4 years of its launch, BSLI became one of the leading players in the industry of Private Life Insurance.
  6. HDFC Standard Life Insurance It is a joint venture between HDFC Limited and a Group Company of the Standard Life Plc, UK. The Company is one of leading private insurance companies, offering a range of individual and group insurance solutions, in India. Being a joint venture of top financial services groups, HDFC Standard Life has adequate financial expertise to manage long-term investments safely and resourcefully. The Company’s business premium income stood at Rs. 1,839.70 Crores in 2008; it has covered over 812,811 lives so far.
  7. ICICI Prudential Life Insurance - It is a joint venture between ICICI Bank and Prudential plc, which is a leading international financial services. ICICI Prudential began the operations in December 2000. It has been voted as India’s Most Trusted Private Life Insurer for three consecutive years. ICICI Prudential Life Insurance Company has various insurance plans that have been designed for different individuals, as every individual has different insurance needs.
  8. ING Vysya Life Insurance – It is a joint venture between Vysya Bank, which is one of the largest private sector banks in India, and ING Insurance Co., which is the world’s second largest life insurance company. It presently has around 4.5 lakh customers.
  9. Max New York Life Insurance -It  is a joint venture between Max India Limited, which is a multi-business corporate, and New York Life International, which is a Fortune 100 company . Max New York Life offers a variety of flexible products covering both life and health insurance including 8 riders that can be customized to over 800 combinations
  10. Met Life India Insurance Co. Pvt. Ltd. – It  is a joint venture between MetLife Group and its Indian partners, are J&K Bank, Dhanalakshmi Bank, Karnataka Bank, Karvy Consultants, Geojit Securities, Way2Wealth, and Mini Muthoothu.  MetLife is 88 of the top one-hundred FORTUNE 500 companies. MetLife entered Indian insurance sector in 2001.
  11. Kotak Mahindra Old Mutual Life Insurance Ltd. – iJoint venture between Kotak Mahindra Bank Ltd. (KMBL), and Old Mutual plc. Kotak Mahindra Old Mutual Life Insurance Ltd. is a company which offers Life Insurance products. It is one of India’s most rapidly growing insurance companies.
  12. SBI Life insurance Co. Ltd. -
  13. Aviva Life Insurance- It is a private insurance company, formed by a joint venture between the Aviva insurance group of UK and the Dabur group of India. Aviva holds 26 percent stake and the Dabur group holds the balance 74 percent share in the joint venture. Aviva is also known as the fifth largest insurance group in the world. At the time of nationalization, Aviva was the largest foreign insurer in India in terms of the compensation paid by the Government of India.
  14. Shriram Life Insurance - IT is a joint venture of the Shriram Group of India and SANLAM of South Africa. The group offers several policies catering to various needs of the policy holders. Along with life insurance, distinct policies cover subjects like child education, retirement funds, marriage of children, expectation of high returns etc.
  15. Sahara India Life Insurance Company Ltd. – Was granted license by IRDA in 2004. It is the first wholly Indian-owned company in the Indian life insurance market without any collaboration with the organizations abroad. The paid up capital of the insurance company at the time of its commencement was Rs 157 Crore. TThe company offers both individual and group insurance products.
  16. Bharti AXA Life Insurance - It is a joint venture between Bharti and AXA – global leader in financial protection and wealth management. Bharti AXA Life Insurance has a 74% stake from Bharti and 26% stake of AXA in the joint venture. The Company launched its operations in India in 2006.With the continuous expansion, Bharti AXA Life Insurance is making itself proactive to cater to insurance and wealth management needs of people.
  17. Future Generali India Life Insurance.  – It is one of the rapidly growing Insurance companies in India. The Company is a joint venture between the India-based Future Group and the Italy-based Generali Group. Future Generali group is present in both the Life and Non-Life businesses in India.
  18. IDBI Fortis Life Insurance -  It is a joint venture of IDBI Bank, Federal Bank (India) and Fortis Insurance International.  IDBI has a 48% stake in the venture, while Fortis and Federal Bank 26% stake each. While IDBI and Federal Bank are major Indian banks, Fortis has the expertise of bancasurance across global markets. IDBI Fortis Life Insurance has become 18th life insurer in India.
  19. Canara HSBC Oriental Bank of Commerce Life Insurance – Canara Bank, HSBC Insurance (Asia-Pacific) Holdings Limited and Oriental Bank of Commerce (OBC), together established an insurance company. Canara Bank holds 51% equity while the holdings of HSBC and OBC are 26% and 23%, respectively.
  20. AEGON Religare Life Insurance Company . - It is a joint venture of AEGON, Religare and Bennett, Coleman & Company.One of the pioneers in offering low cost term plans online.
  21. DLF Pramerica Life Insurance Company -It  has been formed by the collaboration between DLF Limited and Prudential International Insurance Holdings, Ltd. (a fully owned subsidiary of Prudential Financial, Inc.). The insurance company aspires to become a significant player in the growing Indian life insurance market.
  22. Star Union Dai-ichi Life Insurance – It is a joint endeavor of Bank of India and Union Bank of India (two major Public Sector Banks in India) and Dai-ichi Mutual Life Insurance Company. It has an initial capital of Rs. 250 crores, of which Bank of India has a 51% stake, Union Bank of India has 23% and Dai-ichi Life holds 26% stake. The company is expected to be a strong contender in the insurance sector, taking into consideration its insurance, IT, finance and investment resources. The enterprise offers various products to serve all sections of the society.

General Insurance Companies in India

  1. United India Insurance Company -  General Insurance operations of southern region of Life Insurance Corporation of India were merged with United India Insurance Company Limited in 1972. United India has been designing and implementing complex covers to large customers, as in cases of ONGC Ltd , GMR- Hyderabad International Airport Ltd, Mumbai International Airport Ltd Tirumala-Tirupati Devasthanam etc.
  2. The Oriental Insurance Company Ltd- The Company was a wholly owned subsidiary of the Oriental Government Security Life Assurance Company Ltd and was formed to carry out General Insurance business.  In 2003 all shares of our company held by the General Insurance Corporation of India has been transferred to Central Government.  The Gross Premium went up to Rs.58 crores in 1973 and grew to Rs. 4078 crores in 2009
  3. National Insurance- Consequent to passing of the General Insurance Business Nationalisation Act in 1972, National became a subsidiary of General Insurance Corporation of India . It is the second largest non life insurer in India having a large market presence in Northern and Eastern India. The products cater to the diverse insurance requirements of its 14 million policyholders.
  4. The New India Assurance Co. Ltd. -The company like the other GIC subsidiaries is a leading  insurance group, with offices and branches throughout India and various countries abroad. There are policies to cover all types of vehicles plying on public roads such as Scooters &Motorcycle, Private cars, all types of commercial vehicles, Motor Trade (vehicles in show rooms and garages). Liability is covered for an unlimited amount in respect of death or injury and damage to third party property for Rs.7.5 lacs under Commercial vehicle and private and Rs. 1 lakh for Scooters / Motor Cycles. This policy covers loss or damage to the insured vehicle and its accessories due to fire, self-ignition, burglary, earthquake, flood, inundation, cyclone or while in transit.
  5. TATA AIG – Tata AIG General Insurance Company Limited is a joint venture company, formed by the Tata Group and American International Group, Inc. The Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent. Tata AIG General Insurance Company, which started its operations in India in 2001, provides insurance solutions to individuals and corporates. It offers a complete range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as several specialized financial lines.
  6. ICICI Lombard – It is the largest private sector general insurance company in India ICICI Lombard GIC Ltd. is a 74:26 joint venture between ICICI Bank Limited, India’s second largest bank and Fairfax Financial Holdings Limited,a Canada based USD 30 billion diversified financial services company..The company has a  Gross Written Premium over Rs.3,694.80 crore as of March 2010. The company issued over 44 lakh policies and settled over 62 lakh claims.
  7. Bajaj Allianz – Bajaj Allianz General Insurance Company Limited is a joint venture between Bajaj Finserv Limited (recently demerged from Bajaj Auto Limited) and Allianz SE. It is also present in the Life Insurance Vertical. Bajaj Allianz has made a profit before tax of Rs. 180 crores and has become the only private insurer to cross the Rs.100 crore mark in profit before tax in the last four years. As a registered Indian Insurance Company and a capital base of Rs. 110 crores, the company is fully licensed to underwrite all lines of general insurance business.
  8. Chola MS – Cholamandalam MS General Insurance Company Ltd. is a Joint Venture between the USD 3 billion Murugappa Group, one of India’s leading business conglomerates and Mitsui Sumitomo Insurance Company Limited, which is part of the Mitsui Sumitomo Insurance Group of Japan, the largest General Insurance Company in Japan.
  9. IIFCO TOKIO -  It is a joint venture between the Indian Farmers Fertilizer Co-operative (IFFCO) and its associates and Tokio Marine and Nichido Fire Group, the largest listed insurance group in Japan. From a modest Rs 213 Crores of GWP (Gross Written Premium) in 2001-02, it has achieved an impressive Rs 1639.5 Crores in 2009-10, thereby becoming one of India’s leading private players. It is the first company in India to underwrite mega policies for a fertilizer and an automobile company. It offers various policies covering Health, Travel, Car, Retail etc.The company is one of te the best private general insurance companies in India
  10. HSBC India – The Hongkong & Shanghai Banking Corporation is 150 years old in India. In India, the Bank offers a comprehensive suite of world-class products and services to its corporate and commercial clients like Commercial Banking, Asset Management,HSBC Global Resourcing, Insurance etc.
  11. Reliance General Insurance Ltd. – Reliance General Insurance is one of India’s leading private general insurance companies with over 94 customized insurance products catering to the corporate, SME and individual customers.It is India’s first insurance company to be awarded the ISO 9001:2000 certification across all functions, processes, products and locations pan-India. The product basket includes fire, engineering, liability, marine, travel and other types of insurance, for organizational risk management.
  12. Apollo DKV Insurance Company – It was established as a joint venture between the Apollo Hospitals Group and DKV (Germany-based private health insurance company), one of the top five private health insurers in the world. The venture has been aimed at capturing the booming health insurance market in India as well as at bringing quality health insurance services within the reach of each and every individual. Apollo DKV Insurance also offers products for corporates. Along with health, personal accident and travel policies, Apollo DKV Insurance also plans to roll out out-patient care, long-term care and disease management solution.
  13. HDFC ERGO General Insurance Company Limited – It is a joint venture of HDFC Limited (74%) & ERGO International AG, primary insurance unit of the Munich Re group, Germany (26%). The various plans & products offered are Motor Insurance, Home Insurance, Health Insurance, Travel Insurance, Personal Accident Insurance, Commercial Insurance & Rural Insurance Services.
  14. Royal Sundaram Alliance Insurance Company Limited – It established in the year 2001, as a 74:26 joint venture between Sundaram Finance Ltd India and Royal & Sun Alliance PLC London. It provides a wide range of products for Individual like Accident, Car,Health Shield, Home & Travel Shield; Business needs Office Shield, Marine Insurance, insurance against Theft/Burglary, Standard Fire and Special Perils, Consequential Loss (Fire).
  15. Shriram General Insurance Co. Ltd. -  It is a joint venture between Shriram Group of India and SANLAM Limited of South Africa. The company was established with a paid up capital or Rs. 105 Crores, and offers General Insurance products and services to its customers. Shriram Group is one of the best known corporate houses of India, active in financial sector offering diversified services. It offers a wide range of insurance products falling under 4 categories – The Motor, Fire, Engineering & Liability category.
  16. Universal Sompo General Insurance Co. Ltd.-  It is a Public-Private Partnership Joint Venture between Allahabad Bank, Sompo Japan Insurance Inc., Dabur Investments, Karnataka Bank and Indian Overseas Bank.  Its insurance products can generally be classified in Retail and Commercial categories, which include customized packages for Personal Accident and Disability, Home, Property, Motor Vehicles, Health etc. The company also provides specialized packages for Small and Medium Enterprises (SMEs) and Corporates such as Operational Insurance, Project Insurance, Liability and Employee Benefit.

List of Top 10 Banks in India

1) State Bank of India (SBI) - SBI is India’s Largest Bank which is majority owned by the Government.The Company has a number of Subsidiaries and has been a market outperformer in recent times.Revenues of $22 Billion.The SBI has 7 subsidiaries of which 2 have been merged and  5 are remaining .

  • State Bank Bikaner Jaipur
  • State Bank of Hyderabad
  • State Bank of Mysore
  • State Bank of Patiala
  • State Bank of Travancore

2) ICICI Bank – This is the largest Indian Private Bank with operations in all Financial Services Sectors.The Company has faced a bad time during the Lehman downturn but has recovered well.Revs of $12.5 Billion.ICICI Bank is also strong in almost all sectors of the financial industry and has one of the strongest management teams in the country.Like HDFC Bank majority of the shareholding is held by foreign investors.The company which overextended itself in the 2007-2008 boom has now reduced the size of its risky segments and is again back on the growth trajectory.

3) HDFC Bank – HDFC Bank like Axis Bank has shown remarkable growth in the last few years.The Bank which was founded by India’s largest housing finance company HDFC has assets of around $22 billion.One of the best rated banks in terms of service quality and growth.

4) Punjab National Bank – Punjab National Bank (PNB , is the second largest PSU bank  with about 5000 branches across 764 cities.The Bank like BOB and SBI has shown good growth while at the same time managed to control bad debt.

5) Axis Bank - Axis Bank has been the best performing private bank alongwith HDFC Bank showing excellent growth in topline and bottomline.The Bank has been expanding into insurance and investment banking (acquired Enam).Axis Bank was formerly UTI Bank that  begun operations in 1994.The Bank was promoted jointly by UTI,LIC and other state owned general insurers.One of the best Indian bank stock picks.

6) Bank of Baroda – Bank of Baroda(BoB) is the third largest bank in India and is government owned like SBI and PNB. BOB as it is popularly known has shown excellent growth over the last few years and has managed to control its Non-Performing Asset (NPA).The Bank has good management and manages to earn nice interest spreads.

7) Bank of India -Bank of India (BoI)is Indias 4th largest bank, with  3374 branches, including 27 branches outside India. It was the first bank in India promoted by Indian interests to serve all the communities of India.The stock of the company has not performed as well as it peers post the Lehman crisis.It has seen its market cap decrease relative to its larger PSU Bank peers

8) IDBI Bank - Industrial Development Bank of India Limited(IDBI) is a leading public sector banks . RBI categorised IDBI as an “other public sector bank”. The commercial banking arm, IDBI BANK, was merged into IDBI.This PSU Bank has supposed have great potential and could be the next ICICI in the making.

9) Kotak Mahindra Bank - This is the first NBFC to convert into a bank.The bank has its origins as an investment bank and is still very strong in the capital markets.The Bank and its sister concerns are present in most of the financial segments of the market like Private Equity,Wealth Management,Broking,Investment Banking etc.

10) Yes Bank – Yes Bankwas founded by Ashok Kapur and Rana Kapoor.This bank though still small compared to its larger peers,has come into the top 10 due to its path breaking performance over the last few years in terms of growth.It has managed to set new standards and has broken out from the league of smaller private banks.
     


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