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Top Debt Free Companies in India

What is Debt Free Companies?

Debt could be very annoying to any individual or even any organization. So when we talk about organizations or companies, debt plays a very important role. Debt can define its present performance and also future growth. Every company has to maintain its debt. So when a company has no debt or zero debt on its balance sheet, then such companies are called debt-free companies.

Here are some top debt-free companies in India: 

Hindustan Unilever Limited

Hindustan Unilever Limited is a leading global consumer products company based in Mumbai, India. It is a division of Unilever, an English company. Its commodities are beverages, foods, laundry detergents, cleaners, personal care items, water filters, and many other fast-growing consumer products. The company produces and markets its products under several brand names such as Unilever, Hydroxatone, Unisom, Powerdex, Hydroxy, Cola Lite, Cricut, Diamond Brand, and Geranium.

The company’s profit margin is not too high as compared to other brands. However, it has managed to make a mark in the market by manufacturing quality hygiene and personal care items. One of the major reasons behind this achievement is the innovation it has brought into the world of hygiene. With this brand, the concept of biodegradable food became reality. The concept of composting toilet paper was also adopted with this brand.

The product range in Hindustan Unilever includes food items such as chocolates, candies, tea, fruits and juices, vegetables, meats, dairy products, snacks, crackers, and bread. 

HDFC Life Insurance

HDFC Life Insurance offers affordable cover with the best possible benefits to meet the needs and wants of its customers. HDFC Life Insurance provides the broadest range of coverage for every person who is covered under one or more of its policies. HDFC Life Insurance offers a variety of options for every person including flexible term insurance plans, cash value life assurance plans, limited-term insurance plans, and universal life cover plans. HDFC Life Insurance also provides an easy online purchase facility for its customers.

This allows customers to compare different life cover plans side by side and choose one that suits their needs. HDFC Life Insurance also has a claim to pay facility, which makes it easier for customers to claim their death benefits.

SBI Life Insurance 

SBI Life Insurance is basically a joint venture between State Bank of India and BNP Paribas Cardan, an international financial company based in France. BNP Paribas Cardan is a leading international financial company with global headquarters in Paris. The two companies have come together to form one of the leading life assurance companies in the world.

It is one of the major insurers of senior citizens in India. BNP has about 50 offices across the country in key cities such as Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Bangalore, Pune, Lucknow, Mumbai, and others. About two million consumers a year are insured through the BNP umbrella.

Since its establishment in 1965, SBI has been providing excellent insurance coverage to senior citizens in India. The financial company has been helping its customers financially since then and it continues to do so. SBI has about 85 thousand employees who are committed to serving their customers. It has made a contribution to the social and economic development of various countries across India.

ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited, also abbreviated as ICICI Prudential Life Insurance Company is a leading life assurance company in India, which provides life insurance cover to its customers. Established as a partnership between ICICI Bank Limited and Pricewaterhouse Coopers plc, ICICI Prudential has become one of the leading life insurance companies in the world.

The company offers its customers a wide range of flexible and cost-effective insurance options. The company believes that by choosing its products you can make the best possible investment and can rest assured that your loved ones have every comfort and safety that they need in their old age.

Bajaj Holdings & Investment Limited

Bajaj Holdings & Investment Limited are one of the leading companies from India that deal in the field of property dealings. This company manages numerous real estate properties in the different cities of India and abroad. The Managing Director of Bajaj Holdings is a person called Sudhanshu Safra, who has been a member of the Board of Directors at the Bajaj Group for the last 15 years. The company has various branches in different parts of India like Delhi, Mumbai, Kolkata, Bangalore, and Pune. These are some of the major projects that are undertaken by the company under the name ‘Bajaj Properties’.

The main aim of the company is to develop real estate assets and subsequently selling them to raise finance for the projects. The projects undertaken by the company include flats, resorts, hotels, educational institutions, industrial estates, agricultural lands, plantations, etc. Some of the projects undertaken by the company are commercial spaces in New York, Singapore, Dubai, Chicago, Toronto, and Buenos Aires. The company also organizes various international seminars and workshops for property investors and is known to have links with high profile global investors.

SKF India

The company has been in the business of construction and infrastructure since the 21st century and is one of the leading development partners of the Indian Small Industries sector. SKF is the leading private lender in India which offers various kinds of loans such as secured, unsecured, commercial loans, debt consolidation loans, instant finance, residential loans, student loans, business loans, advance loans, and personal loans.

They have tied up with many other financial institutions and banks to provide you the best deals in your desired field. Apart from this they also arrange finance for your purchase of the new property.

Lakshmi Machine Works Limited

Lakshmi Machine Works Limited has been in the business of fabricating precision textile machines since 1969 when it started manufacturing embroidery machines and cutters. They are considered as one of the best manufacturers of handloom, ribbon, and machine embroidery machines in India. The company is located in Coimbatore, Tamil Nadu state in India.

Lakshmi is a joint venture company of Vidal Steel Industries Limited (VSI) and M.G. Contract Manufacturing Company Limited. L Lakshmi produces embroidery machines and cutting machines for fabrics like silk, cotton, linen, jute, sisal, and nylon. Most of their machines are developed by a joint venture with various other companies. This enables the company to keep costs down and produce affordable machines. They have a catalog of over thirteen thousand machines and are constantly upgrading their plant.

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