HDFC makes to world's top-10 list of consumer finance firms

Morgage lender Housing Development Finance Corporation (HDFC) has emerged as the only Indian company among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.

HDFC is ranked seventh on the list, compiled by business magazine Forbes, where American Express is placed on the top followed by Capital One Financial, Visa, Discover Financial Services and Orix in the top-five. Mastercard is ranked sixth.

HDFC is followed by CIT Group of the US at eighth position, Taiwan’s Hua Nan Financial at 9th and China's Franshion Properties is at the 10th place. Others ranked lower include Samsung Card, Kaisa Group, Orient, Nelnet, Jabal Omar Development and KWG Property.

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.

For the regional banks, China Construction Bank tops the chart, while India’s State Bank of India is ranked 22nd, ICICI Bank is at 29th place and HDFC Bank is at 40th position.

For Oil and Gas sector, Reliance Industries is ranked 15th globally, while ExxonMobil is on the top.

In Computer Services, Google tops the list and India’s Tata Consultancy Services is at seventh place, followed by Coginzant at 9th and Infosys at 10th position.

The overall list is dominated by the companies from the US and China.

India has added two companies to its last year’s tally.

Among Indian companies on the overall list, Reliance Industries is followed by SBI, Oil and Natural Gas Corporation, Tata Motors, ICICI Bank, Indian Oil, HDFC Bank, NTPC, HDFC, TCS and Bharti Airtel, among others.

Forbes said the list ranks the companies on the basis of a composite score of their revenues, profits, assets and market value.