Best Finance Corporation Limited (BFCL) is a dynamic and growing non-banking financial company (NBFC) with a strong focus on secured lending solutions. Established in November 2009, BFCL is headquartered at its administrative office in Coimbatore, Tamil Nadu, with its registered head office located in Tirupur. It is part of the prestigious Best Group, known for its flagship company, Best Corporation Private Limited, a leading manufacturer of undergarments and baby wear. The company operates under the regulation of the Reserve Bank of India (RBI) as a non-deposit-taking NBFC​

​Business Operations and Core Offerings

BFCL primarily specializes in providing gold loans, which account for the majority of its business portfolio. These loans are secured against gold jewelry, making them a highly liquid and reliable form of credit for customers. Additionally, the company extends its services to business loans and personal (microfinance) loans, catering to a diverse range of financial needs. Its lending operations are characterized by competitive interest rates, ranging between 22% and 28%, and flexible loan tenures, typically averaging one year​.

Branch Network and Regional Presence

BFCL boasts an extensive branch network of over 100 locations, strategically spread across Tamil Nadu and Hyderabad. This widespread presence allows the company to effectively serve a large customer base, particularly in southern India, where demand for gold-backed financial products is high. The administrative hub in Coimbatore ensures efficient operations and decision-making, while the registered head office in Tirupur anchors its compliance and regulatory framework​

Promoter and Group Support

The company is closely held and promoted by Mr. R. Rajkumar and Mr. R. Dhanapal, the visionaries behind the Best Group. This connection provides BFCL with robust financial and operational backing. The group’s flagship entity, Best Corporation Private Limited, is a well-established name in the manufacturing sector, further enhancing the credibility and stability of BFCL​

Customer-Centric Approach and Future Prospects

BFCL is committed to providing fast and reliable financial solutions, leveraging its expertise in gold loans. Despite challenges like competition from larger NBFCs and banks in the region, the company continues to thrive due to its localized approach, personalized service, and a keen understanding of customer needs. It also incorporates modern technologies and innovative strategies to stay ahead in the evolving NBFC landscape.

With its well-established presence, experienced promoters, and a focus on regional expansion, BFCL is poised for sustainable growth, cementing its reputation as a trusted financial partner for individuals and businesses alike.