**Summary:**
This press release from the Reserve Bank of India (RBI), dated August 13, 2025, announces the cancellation of the Certificate of Registration (CoR) for ten Non-Banking Financial Companies (NBFCs). The RBI, exercising its powers under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the CoRs for the listed entities.
The cancellations are categorized into three reasons:
1. **Exit from Non-Banking Financial Institution (NBFI) business:** Six NBFCs had their CoRs cancelled for this reason:
* Poonawalla Investments and Industries Private Limited (CoR No. N-13.01841, issued August 30, 2006, cancelled July 09, 2025), Registered Office: S.No.268, Off Soli Poonawalla Road, Hadapsar, Pune, Maharashtra 411028
* Zenith Securities and Investment Limited (CoR No. 13.01041, issued September 28, 1998, cancelled July 17, 2025), Registered Office: G-80, Ground Floor, Profit Centre, 90 Feet Road, Mahavir Nagar, Kandivali West, Mumbai, Maharashtra 400067
* Kansal Fincap Limited (CoR No. B-14.00424, issued December 23, 2002, cancelled July 23, 2025), Registered Office: 4630/18B, IInd Floor, Ansari Road, Darya Ganj, New Delhi 110002
* The Swastik Safe Deposit and Investments Ltd (CoR No. 13.00535, issued March 24, 1998, cancelled July 24, 2025), Registered Office: 1st Floor, Piramal Tower, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Delisle Road, Mumbai, Maharashtra, India 400013
* Satram Leasing and Finance Limited (CoR No. 12.00144, issued September 28, 1998, cancelled July 28, 2025), Registered Office: 430, 4th Floor, City Centre The Mall, Kanpur, Uttar Pradesh 208001
* Mango Finance India Private Limited (CoR No. 13.00500, issued March 24, 1998, cancelled July 31, 2025), Registered Office: 6th Floor, INGS Point, Opposite Mumbai University, C.S.T. Road, Kalina, Santacruz East, Mumbai, Maharashtra 4000982
2. **Meeting the criteria prescribed for unregistered Core Investment Company (CIC):** One NBFC had its CoR cancelled for this reason:
* India Finsec Limited (CoR No. B-14.00127, issued March 09, 2012, cancelled July 17, 2025), Registered Office: D-16, Ist Floor, Above ICICI Bank, Prashant Vihar, Sector 14, Rohini New Delhi 110085
3. **NBFC ceasing to be a legal entity:** Three NBFCs had their CoRs cancelled for this reason:
* Maya Fincap Private Limited (CoR No. 06.00626, issued July 20, 2021, cancelled July 10, 2025), Registered Office: Aapoaap Building Village Sargeen Panthaghati, Shimla, Himachal Pradesh 171013
* GMR Airports Limited (CoR No. N-14.03577, issued July 29, 2022, cancelled July 10, 2025), Registered Office: Unit No. 12, 18th Floor, Tower A, Building No. 5, DLF Cyber City, DLF Phase III, DLF QE, Gurgaon, Haryana 122002
* Macrofil Investments Limited (CoR No. 13.00194, issued March 03, 1998, cancelled July 18, 2025), Registered Office: Neville House, J.N. Heredia Marg, Ballard Estate, Mumbai, Maharashtra 400001
The press release was issued by Puneet Pancholy, Chief General Manager. For further information, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001. Phone: 022 – 2266 0502. Email: helpdoc@rbi.org.in. The RBI website is www.rbi.org.in. The Press Release number is 2025-2026/896.
Key Entities Referenced
Reserve Bank of India (RBI): The regulatory body that cancelled the Certificate of Registration (CoR) of the mentioned Non-Banking Financial Companies (NBFCs).
Non-Banking Financial Company (NBFC): A financial institution that provides banking services without holding a banking license.
Section 45IA of the Reserve Bank of India Act, 1934: The specific section of the Reserve Bank of India Act under which the RBI exercised its powers to cancel the CoRs.
Poonawalla Investments and Industries Private Limited, Maharashtra: One of the NBFCs whose Certificate of Registration was cancelled due to exiting the NBFI business.
Zenith Securities and Investment Limited, Maharashtra: One of the NBFCs whose Certificate of Registration was cancelled due to exiting the NBFI business.
Kansal Fincap Limited, New Delhi: One of the NBFCs whose Certificate of Registration was cancelled due to exiting the NBFI business.
India Finsec Limited, New Delhi: One of the companies whose CoR was cancelled because it met the criteria for unregistered Core Investment Company (CIC).
GMR Airports Limited, Haryana: One of the companies whose CoR was cancelled due to NBFC ceasing to be a legal entity due to amalgamation mergerdissolution voluntary strikeoff.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
August 13, 2025
10 NBFCs surrender their Certificate of Registration to RBI
The following 10 Non-Banking Financial Companies (NBFC) have surrendered the
Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI).
The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve
Bank of India Act, 1934, has therefore cancelled their CoR.
i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI)
business
Date of
Sr. Name of the Registered Office CoR
CoR No. Cancellation
No. Company Address Issued on
of CoR
1 Poonawalla S.No.268, Off Soli N-13.01841 August 30, July 09, 2025
Investments and Poonawalla Road, 2006
Industries Private Hadapsar, Pune,
Limited Maharashtra - 411028
2 Zenith Securities G-80, Ground Floor, 13.01041 September July 17, 2025
and Investment Profit Centre, 90 Feet 28, 1998
Limited Road, Mahavir Nagar,
Kandivali West,
Mumbai, Maharashtra -
400067
3 Kansal Fincap 4630/18-B, IInd Floor, B-14.00424 December July 23, 2025
Limited Ansari Road, Darya 23, 2002
Ganj New Delhi-
110002
4 The Swastik Safe 1st Floor, Piramal 13.00535 March 24, July 24, 2025
Deposit and Tower, Peninsula 1998
Investments Ltd Corporate Park,
Ganpatrao Kadam
Marg, Lower Parel,
Delisle Road, Mumbai,
Maharashtra, India -
400013
5 Satram Leasing 430, 4th Floor, City 12.00144 September July 28, 2025
and Finance Centre The Mall, 28, 1998
Limited Kanpur, Uttar Pradesh
- 208001
6 Mango Finance 6th Floor, INGS Point, 13.00500 March 24, July 31, 2025
(India) Private Opposite Mumbai 1998
Limited University, C.S.T.
Road, Kalina,
Santacruz (East),
Mumbai, Maharashtra -
4000982
ii) Due to meeting the criteria prescribed for unregistered Core Investment
Company (CIC) that do not require registration
Sr. Name of the Registered Office CoR No. CoR Date of
No. Company Address Issued cancellation
on of CoR
1 India Finsec D-16, Ist Floor, Above B- March July 17,
Limited ICICI Bank, Prashant 14.00127 09, 2025
Vihar, Sector- 14, Rohini 2012
New Delhi-110085
iii) Cancellation of CoR due to NBFC ceasing to be a legal entity due to
amalgamation/ merger/dissolution/ voluntary strike-off, etc.
Sr. Name of the Registered Office CoR No. CoR Issued Date of
No. Company Address on cancellation
of CoR
1 Maya Fincap Aapoaap Building B- July 20, July 10,
Private Village Sargeen 06.00626 2021 2025
Limited Panthaghati, Shimla,
Himachal Pradesh -
171013
2 GMR Airports Unit No. 12, 18th N- July 29, July 10,
Limited Floor, Tower A, 14.03577 2022 2025
Building No. 5, DLF
Cyber City, DLF
Phase III, DLF QE,
Gurgaon, Haryana-
122002
3 Macrofil Neville House, 13.00194 March 03, July 18,
Investments J.N. Heredia Marg, 1998 2025
Limited Ballard Estate,
Mumbai,
Maharashtra - 400001
(Puneet Pancholy)
Press Release: 2025-2026/896 Chief General Manager