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HDFC in world’s top 10 list of consumer finance firms

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Mortgage lender HDFC has emerged the only Indian company among the world’s 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.

  • List was complied by Business magazine Forbes.
  • The list ranks the companies on the basis of a composite score of their revenues, profits, assets and market value.
  • HDFC is ranked 7th on the list
  • American Express is placed on the top
  • Second Place – Capital One Financial
  • Third Place – Visa
  • Fourth Place – Discover Financial Services
  • Fifth Place – Orix
  • Sixth Place – Mastercard
  • Eighth Place –  CIT Group of the US
  • Ninth Place – Taiwan’s Hua Nan Financial
  • Tenth Place – China’s Franshion Properties

Forbes List of top regional banks :

  • China Construction Bank tops the chart
  • India’s SBI is ranked 22nd
  • ICICI Bank is at 29th place
  • HDFC Bank is at 40th position.

Forbes List of Top companies in Oil and Gas Sector:

  • ExxonMobil is on the top place.
  • Reliance Industries is ranked 15th globally.

Forbes List of top computer services companies :

  • Google tops the list
  • India’s TCS is at 7th place
  • CTS is at 9th place
  • Infosys at 10th position.

Forbes Annual Compilation :

  • The list is part of Forbes’ annual compilation of 2,000 biggest and most powerful companies globally, which includes a total of 56 companies from India across various sectors.
  • In the overall list, HDFC is ranked 485th, while Mukesh Ambani-led Reliance Industries leads the pack of the Indian companies at 142nd overall position.
  • Among other sector-specific lists, there is no Indian entity on the list of biggest major banks topped by China’s ICBC.
  • The overall list is dominated by the companies from the US and China.

About HDFC :

  • Full form :  Housing Development Finance Corporation
  • Founded : 1994
  • Headquarters : Mumbai
  • MD & CEO : Aditya Puri
  • Motto : “We understand your world”
  • Customer base stood at 28.7 million
  • HDFC was ranked 32nd among India’s most trusted brands.