**Summary:**
On September 12, 2025, the Reserve Bank of India (RBI) issued a press release announcing the cancellation of the Certificate of Registration (CoR) for nine Non-Banking Financial Companies (NBFCs), in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934. The cancellations are due to the following reasons: exit from the Non-Banking Financial Institution (NBFI) business, meeting criteria for unregistered Core Investment Companies (CIC), and the NBFC ceasing to be a legal entity due to amalgamation, merger, dissolution, or voluntary strike-off.
The NBFCs whose CoRs have been cancelled due to exiting the NBFI business are:
* **The Ashok Construction Investment Company Private Limited** (CoR No. N-13.01850, issued October 31, 2006, cancelled August 11, 2025), located at 2nd Floor, Rahimtulla House, 7, Homji Street, Fort, Mumbai, Maharashtra 400001.
* **Smartlink Holdings Limited** (CoR No. N-13.02236, issued May 02, 2018, cancelled August 12, 2025), located at L-7, Verna Industrial Estate, Verna, Salcete, Goa, 403722.
* **PhonePe Technology Services Private Limited** (CoR No. N-02.00363, issued October 20, 2023, cancelled August 26, 2025), located at Office-2, Floor 4,5,6,7, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bangalore South, Karnataka 560103.
The NBFC whose CoR has been cancelled due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) is:
* **P.L. Finlease Private Limited** (CoR No. B-14.02221, issued May 16, 2002, cancelled July 31, 2025), located at GD-87 Second Floor, Vishakha Enclave Pitampura, North-West Delhi, 110034.
The NBFCs whose CoRs have been cancelled due to ceasing to be a legal entity are:
* **Far East Software Services Pvt. Ltd.** (CoR No. B.05.06337, issued April 26, 2004, cancelled July 11, 2025), located at 97 Park Street, 5th Floor, Kolkata, West Bengal, 700016.
* **Shraddha Vyapaar Pvt. Ltd.** (CoR No. 05.01448, issued April 06, 1998, cancelled July 15, 2025), located at 14, Bentinck Street, Kolkata, West Bengal, 700001.
* **Aditya Birla Finance Limited** (CoR Nos. 1. N.01.00500 issued August 09, 2011 and 2. B.01.00636 issued November 21, 2023, cancelled August 05, 2025), located at Indian Rayon Compound, Junagadh Veraval, Gujarat 362266.
* **Janki Textile and Industries Private Limited** (CoR No. B05.06552, issued May 06, 2015, cancelled August 26, 2025), located at 361A, Elgin Road, Kolkata, West Bengal, 700020.
* **Kasturi Enclave Private Limited** (CoR No. B05.05767, issued July 02, 2003, cancelled August 26, 2025), located at 361A, Elgin Road, Kolkata, West Bengal, 700020.
For further information, contact Puneet Pancholy, Chief General Manager, Department of Communication, Reserve Bank of India, at helpdoc@rbi.org.in or 022-2266 0502. The website is www.rbi.org.in. The press release number is 2025-2026/1089.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the financial system and granting/cancelling Certificate of Registrations (CoR) to Non-Banking Financial Companies (NBFCs).
Non-Banking Financial Company (NBFC): A company engaged in the business of loans and advances, acquisition of shares, stock, bonds, debentures, securities issued by Government or local authority or other marketable securities of a like nature.
Certificate of Registration (CoR): A certificate issued by the Reserve Bank of India (RBI) that allows a Non-Banking Financial Company (NBFC) to operate legally.
Reserve Bank of India Act, 1934: An act of the Parliament of India that formed the basis of the Reserve Bank of India.
Mumbai, Maharashtra: A city in Maharashtra, India where the registered office of The Ashok Construction Investment Company Private Limited is located.
Verna, Salcete, Goa: A town in Goa, India where the registered office of Smartlink Holdings Limited is located.
Bangalore South, Karnataka: A region in Karnataka, India where the registered office of PhonePe Technology Services Private Limited is located.
Kolkata, West Bengal: A city in West Bengal, India where the registered offices of Far East Software Services Pvt Ltd, Shraddha Vyapaar Pvt Ltd, Janki Textile and Industries Private Limited and Kasturi Enclave Private Limited are located.
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
September 12, 2025
Nine NBFCs surrender their Certificate of Registration to RBI
The following nine 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 The Ashok 2nd Floor, Rahimtulla N-13.01850 October August 11,
Construction & House, 7, Homji Street, 31, 2006 2025
Investment Fort, Mumbai,
Company Maharashtra - 400001
Private Limited
2 Smartlink L-7, Verna Industrial N-13.02236 May 02, August 12,
Holdings Limited Estate, Verna, Salcete, 2018 2025
Goa, 403722
3 PhonePe Office-2, Floor 4,5,6,7, N-02.00363 October August 26,
Technology Wing A, Block A, 20, 2023 2025
Services Private Salarpuria Softzone,
Limited Service Road, Green
Glen Layout, Bellandur,
Bangalore South,
Karnataka - 560103
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 P.L. Finlease GD-87 Second Floor, B-14.02221 May 16, July 31,
Private Vishakha Enclave 2002 2025
Limited Pitampura, North-West
Delhi, 1100342
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 Far East 97 Park Street, 5th B.05.06337 April 26, 2004 July 11,
Software Floor, Kolkata, 2025
Services Pvt West Bengal,
Ltd 700016
2 Shraddha 14, Bentinck Street, 05.01448 April 06, 1998 July 15,
Vyapaar Pvt Kolkata, West 2025
Ltd Bengal, 700001
3 Aditya Birla Indian Rayon 1. N.01.00500 1. August 09, August 05,
Finance Compound, 2. B.01.00636 2011 2025
Limited Junagadh Veraval, 2. November
Gujarat - 362266 21, 2023
4 Janki Textile 36/1A, Elgin Road, B-05.06552 May 06, 2015 August 26,
and Kolkata, West 2025
Industries Bengal, 700020
Private
Limited
5 Kasturi 36/1A, Elgin Road, B-05.05767 July 02, 2003 August 26,
Enclave Kolkata, West 2025
Private Bengal, 700020
Limited
(Puneet Pancholy)
Press Release: 2025-2026/1089 Chief General Manager