NBFCs in India that actually provide loans against gold jewellery, there is no single publicly stated RBI number specifically for “gold-loan NBFCs.” The market is fragmented, with many NBFCs offering gold loans as one of several products.
Recent industry data gives a useful picture:
- Top 5 NBFC gold-loan players account for ~83% of NBFC gold-loan advances.
- Major players include:
- Muthoot Finance
- Manappuram Finance
- Muthoot Fincorp
- IIFL Finance
- Bajaj Finance
- Shriram Finance
- Kosamattam Finance
- Muthoot Mini Financiers
- Muthoot Mercantile
- Other regional NBFCs
As of FY24, the identified gold-loan NBFC market had ₹1.618 trillion (~₹1.62 lakh crore) AUM, with Muthoot Finance at 45%, Manappuram at 12.8%, and Muthoot Fincorp at 12.7%. The remaining 23.9% was held by “Others.”
So, how many?
For practical market/database purposes, I would estimate several dozen NBFCs in India are active in gold lending, while the major organized gold-loan NBFC segment is concentrated among roughly 10–20 significant players. The exact count changes as NBFCs enter/exit the product.
The market is also expanding rapidly in 2026: gold-backed NBFC lending reportedly grew about 70% YoY in May–June 2026, and new large players are entering the sector.
If your purpose is business/lead generation, I can make you a complete list of 50–100+ Indian Gold Loan NBFCs with:
NBFC Name | RBI Registration | Gold Loan | Head Office | State | Website | Branches | Director/MD | Phone | Email | Gold Loan AUM
