Fintech and financial services is one of India’s fast-growing markets and one that’s vital to the country. The industry is broad, with companies providing everything from banking solutions to payment processing and investment opportunities, which can generate billions of dollars. Below are some companies based in Kolkata that are contributing to the rise of fintech and financial services in India.
Top Finance Company in Kolkata
- State Bank of India
- Citi
- ICRA Analytics
- Axis Direct
- Bajaj Finserv
Finance Companies in Kolkata to Know
State Bank of India, or SBI, is one of India’s largest banks with 22,000 branches in over 30 countries. The institution provides consumer, business, rural and investment services. It’s also a local leader in digital banking. Over the years, SBI has developed innovative banking platforms, including self-service options on WhatsApp.
Bandhan Bank, founded in 2015, caters to both individuals and businesses. Services for individuals include savings accounts, debit cards, bill-paying mechanisms and loans. Businesses can turn to Bandhan for loans, payment solutions and other services. Bandham bank’s core customers live in rural and semi-urban areas.
Arohan Financial Services, which focuses on low-income households and people in India, has two main products. One is Saral, a loan to groups of women involved in trades and services. The other is micro enterprise loans to small businesses. Arohan is part of the Aavishkaar Group.
Axis Direct’s investment platform provides traders access to equity, derivatives, mutual funds and commodity markets. Its products aim to simplify investing for consumers, and it achieves this through intuitive design and an extensive library of courses and research tools. Axis Direct is headquartered in Mumbai and has two offices in Kolkata.
Shriram Insight Share Brokers, a retail brokerage, trades in an array of asset classes, from equities and derivatives to mutual funds and ETFs. The company, founded in 1978, says it has 9.3 million customers and nearly 3,000 branches. It is based in Kolkata.
Bajaj Finserv is a non-banking financial organization. As such, it does not provide banking services to the public but partners with other businesses, mainly automotive clients. The company offers lending services, asset management and wealth management alongside other services and products.
American financial institution Citi has multiple branches and corporate locations in Kolkata. As a global bank, Citi provides consumer and corporate solutions, including risk and cash management.
Kredent Group, based in Kolkata, offers a variety of financial services, including trading (currencies, options and other instruments); real estate sales, purchases, construction and development; and investments in startups. Its Kredent Academy trains people to work in the financial markets.
Barclays, a global bank based in London, offers a range of financial services, including payments, consumer banking, corporate banking, investment banking and planning and wealth management. Barclays India has a handful of offices in the country, including one in Kolkata.
Working at the intersection of financial services and data, ICRA Analytics works with banks, fund managers and investors to provide various specialized services. Its offerings range from research and market data to risk assessment that can help portfolio managers better understand their holdings.
