In the tech world, finance companies occupy an exciting space. Some institutions, particularly renowned banks and investment firms provide traditional financial services. Yet, they still focus on developing digital platforms to appeal to modern customers and often recruit tech talent. Conversely, fintech companies often promise to turn the financial industry upside down with innovative products.
Across the spectrum, many top financial companies are located in Chennai. The city is a historic financial center and the location of India’s oldest bank. Now, local tech organizations are positioning the region as a fintech leader through strategic investments and increasing consumer appeal. We’ve rounded up some of the finance leaders in Chennai you should know.
Top Finance Companies in Chennai to Know
- PayPal
- Fidelity Investments
- Toast
- Opendoor
- BNY Mellon
- M2P Fintech
- ICICI Bank
Top Finance Companies in Chennai
M2P Fintech uses APIs to expand financial services throughout Asia and the Middle East. The company says its APIs enable businesses to incorporate financial products into their platforms seamlessly. Some of M2P’s solutions include buy-now-pay-later, cross-border payments, credit cards and digital banking.
BNY Mellon is a financial institution that provides multiple services and products. It works with individuals and other financial institutions to offer wealth management, asset security and transaction services. BNY is headquartered in New York, with multiple offices in India.
NatWest Group provides financial services and fintech solutions to 19 million customers around the world. India is home to the company’s second-largest employee base outside the UK, with locations in New Delhi, Gurgaon, Chennai and Bangalore. 17,000 Indian employees work to provide the company core technology and operations support.
Fidelity Investments is a popular financial institution that provides employer-sponsored and individual investment products. The company’s location in Chennai is a regional technology delivery center specializing in crypto and blockchain. Fidelity recruits for analytics, research and operational roles in India’s banking capital.
American global investment bank Citi provides corporate and commercial banking, treasury and trade services and custody services in India. Its presence in the country stretches back 120 years. Citi’s Chennai office is home to more than 5,400 employees working in operations and technology roles.
British universal bank Barclays provides corporate and investment banking across India. Its 23,000 employees in the country work in banking, technology and shared services departments. Barclays is headquartered in London and employs more than 83,000 people worldwide.
Opendoor works in the proptech industry, aiming to simplify the home-buying process for thousands with tech. The company has multiple offices in India and has developed a digital end-to-end platform where customers can buy and sell their residential homes. Opendoor says it analyzes market data, home details and regional real estate trends to make fair offers on customer’s homes.
ICICI Bank is one of India’s largest financial institutions. Its services range from consumer banking to wealth management and life insurance. Founded in 1994, ICICI is a relatively new financial institution and employs over 150,000 individuals.
French multinational financial services company Societe General provides international banking and financial services as well as global investment management. Headquartered in Paris, it operates two facilities in India, in Bangalore and Chennai. Societe General’s 7,500 employees in India focus on application development, business process management and infrastructure.
Axis Bank is the third-largest private sector bank in India. It operates more than 5,000 branches and nearly 16,000 ATMs across the country. Headquartered in Mumbai, Axis Bank also operates internationally, with a presence in Singapore, Dubai and London. Founded in 1994, Axis employs 88,000 people.
PayPal is a fintech giant known for providing online checkout options and enabling individuals to send and receive money quickly. The Silicon Valley-based company employs over 25,000 people and more than 7,000 of them work in India with its, cloud and product divisions. PayPal runs offices in Chennai, Bangalore and Hyderabad to host its local workforce.
Businesses of all sizes use FIS’ financial services and technology solutions. The American multinational corporation facilitates roughly 75 billion transactions each year, amounting to nine trillion dollars. FIS maintains offices across India, in Bangalore, Pune and Chennai.
HSBC provides financial services to more than 40 million customers around the world, including individuals, investors, corporations and governments. It maintains 26 branches in India, covering 14 different cities. HSBC employs thousands of people across the country in banking, investment banking, asset management, insurance and software development.
Bank of America in India provides trading services to corporate and institutional clients, including credit, currencies, commodities and equities. It also offers risk management and foreign exchange products to commercial and corporate clients. Bank of America has five locations across India — in Mumbai, New Delhi, Bangalore and Chennai.
Fintech startup IppoPay is a payment aggregator that helps businesses process digital transactions. The company is backed by Coinbase Ventures and develops payment infrastructure, such as POS terminals and payment gateways, for small and rural businesses. Additionally, IppoPay provides business loans and corporate cards to manage spending.
BankBazaar partners with India’s banks and issues co-branded credit cards to its users. In addition to cards, the company helps individuals apply for loans and manage their credit scores with its Experian-powered platform.
With offices in Bangalore and Chennai, Toast develops an all-in-one restaurant platform. Its products include point-of-sale, or POS, hardware, marketing software, online order portals and payment processing. Its payment solutions feature machine learning and NFC, or near field communication, technology. Toast also developed a handy mobile pay feature that enables diners to scan a QR code and pay with their digital wallets.
Standard Chartered Bank is an international cross-border bank based in London that operates the bulk of its business in Asia, Africa and the Middle East. It has had a presence in India for over 150 years, and currently maintains 100 branches in 43 cities. Standard Chartered Bank offers banking services, investor relations, supply chain management and property services.
HDFC Bank offers financial products to over 92 million customers. Its services include banking, life insurance, real estate venture funding and education loans. The company is the result of a 2023 merger between India’s biggest mortgage lender and the country’s largest private sector bank. HDFC Bank is based in Mumbai, with branches in nearly 4,000 cities.
Chargebee, used by companies like Toyota, LinkTree and Calenday, has grown in popularity due to its investments in financial tech. Its product suite includes software to process subscription payments and reduce churn. Chargebee also develops integrations with payment gateways and accounting software to boost its functionality.
