**Executive Summary:**
The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of sixteen Non-Banking Financial Companies (NBFCs) in exercise of powers conferred on it under Section 45IA of the Reserve Bank of India Act, 1934. The cancellation orders were issued between July 7, 2025, and July 25, 2025. These companies can no longer transact the business of a Non-Banking Financial Institution, as defined in clause a of Section 45I of the RBI Act, 1934.
**Key Points / Main Content:**
* **RBI Action:**
* RBI cancelled the Certificate of Registration of 16 NBFCs.
* The action was taken under Section 45IA of the Reserve Bank of India Act, 1934.
* **List of NBFCs Whose CoR was Cancelled:**
1. Wadhawan Global Capital Limited
2. Praptee Savings and Investment India Limited
3. Sharmistha Investments Private Limited
4. Softfin Investments Private Limited
5. Tele Link Securities and Finance Limited
6. Tyche Securities Pvt Ltd
7. Bharat Monetary Services Pvt. Ltd. Also known as Bharat Udyog Limited
8. NCS Finance Private Limited
9. Geopreneur Fincorp Private Limited
10. IndoEuro Investments Company Limited
11. Investrick Securities India Private Limited
12. Jem Fiscal Limited Also known as Jem Fiscal Private Limited
13. Karvirvasini Investments and Finance Private Limited
14. Kaundinya Investment and Finance Private Limited
15. Silver Golden Property Develop Fin Investment Limited Also known as VAB Ventures Limited
16. Simplex Trading and Agencies Ltd
* **Restriction on Business:**
* The listed companies shall not transact the business of a Non-Banking Financial Institution.
**Impact Analysis**
* **Impacted Stakeholder: The 16 NBFCs**
* *Impact:* The companies are no longer authorized to operate as Non-Banking Financial Institutions in India.
* *Action Required:* Cease all activities related to Non-Banking Financial Institutions, as defined in clause a of Section 45I of the RBI Act, 1934.
* **Impacted Stakeholder: Customers/Clients of the 16 NBFCs**
* *Impact:* Customers/clients may be affected due to the cessation of business activities of the NBFCs.
* *Action Required:* Monitor communications from the NBFCs and take appropriate actions regarding their investments or transactions with the companies.
* **Impacted Stakeholder: Reserve Bank of India**
* *Impact:* The RBI is responsible for monitoring and enforcing the cancellation of registration.
* *Action Required:* Ensure compliance with the order and monitor the activities of the concerned companies.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector and monetary policy.
Section 45IA of the Reserve Bank of India Act, 1934: Legal provision under which the Reserve Bank of India (RBI) cancelled the Certificate of Registration of the listed Non-Banking Financial Companies (NBFCs).
Non-Banking Financial Institution: An institution which provides bank-like financial services but does not hold a banking license.
Mumbai, Maharashtra: A city in the state of Maharashtra, India, where many of the listed NBFCs have their registered offices.
Nagpur, Maharashtra: A city in the state of Maharashtra, India, where Praptee Savings and Investment India Limited has its registered office.
Tiruvalla, Pathanamthitta, Kerala: A town in the Pathanamthitta district of Kerala, India, where NCS Finance Private Limited has its registered office.
Ahmedabad, Gujarat: A city in the state of Gujarat, India, where Simplex Trading and Agencies Ltd has its registered office.
Puneet Pancholy: Chief General Manager at Reserve Bank of India, who released the press release.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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
RBI cancels Certificate of Registration of 16 NBFCs
The Reserve Bank of India, in exercise of powers conferred on it under Section
45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of
Registration of the following companies.
Sr. Name of the Registered Office CoR Cancellation
CoR No.
No. Company Address Issued On Order Date
1 Wadhawan Ground Floor, N-13.02092 June 12, July 07, 2025
Global Capital Madhava Building, 2015
Limited Near Family Court,
Bandra-Kurla
Complex, Bandra
(East), Mumbai,
Maharashtra –
400051
2 Praptee Savings Shop no. 23, 13.00007 December July 08, 2025
and Investment Sanchayani Nagari, 16, 1997
(India) Limited Near Parate Hall,
Khamla Road ,
Nagpur,
Maharashtra -
440025
3 Sharmistha Swati Building, North N-13.01361 September July 08, 2025
Investments Avenue, 11, 2000
Private Limited Santacruz West,
Mumbai,
Maharashtra –
400054
4 Softfin 305/ Aakruti Arcade, 13.01299 September July 08, 2025
Investments J.P. Road, Andheri 08, 1999
Private Limited (W), Mumbai,
Maharashtra-
400053
5 Tele Link Noorudin Chambers, 13.01199 February July 08, 2025
Securities and 1st Floor, D.R. Marg, 25, 1999
Finance Limited Masjid€,
Mumbai,
Maharashtra-
400009,
6 Tyche Securities B/2 Runwal Park, 13.01208 March 13, July 08, 2025
Pvt Ltd Sion Trombay Road, 19992
Chembur, Mumbai,
Maharashtra –
400071
7 Bharat Monetary Vasvani Chembers, 13.01095 November July 08, 2025
Services Pvt. 1st Floor, 264-265, 14, 1998
Ltd.(Also known Dr. Annie Besant
as Bharat Udyog Road, Municipal
Limited) Colony,
Worli Shivaji Nagar,
Worli, Mumbai,
Maharashtra –
400030
8 NCS Finance Door No. 420/35, B-16.00163 August 01, July 14, 2025
Private Limited Second Floor, 2019
Planthottam
Commercial
Complex, Tiruvalla,
Pathanamthitta,
Kerala – 689101
9 Geopreneur Gala No. 1001, 10th B-13.01782 February July 25, 2025
Fincorp Private Floor, First Avenue 09, 2005
Limited Bldg., Cts No.
1199/E Of Village
Malad, Link Road,
Malad (West),
Mumbai,
Maharashtra –
400064
10 Indo-Euro 4 Lands Eand 54, 13.00952 March 05, July 25, 2025
Investments Behramji Jeetibhoy 1998
Company Limited Road, Bandra Band
Stand, Bandra [W],
Mumbai,
Maharashtra –
400050
11 Investrick 608 Dalamal House, 13.0133 January 10, July 25, 2025
Securities (India) Nariman Point, 2000
Private Limited Mumbai,
Maharashtra –
400021
12 Jem Fiscal 28, Great Western 13.01069 October 26, July 25, 2025
Limited (Also Building, 1st Floor, 1998
known as Jem Opp. Lion Gate,
Fiscal Private Shahid Bhagat Singh
Limited) Road, Fort, Mumbai,
Maharashtra –
400001
13 Karvirvasini 124, Andheri 13.01484 February July 25, 2025
Investments and Universal Indl. 16, 2001
Finance Private Premises CHS LTD.,
Limited J.P. Road, Nr Dhake
Colony, Andheri(W),
Mumbai City,
Mumbai,3
Maharashtra –
400058
14 Kaundinya 124 – Andheri B-13.01508 April 11, July 25, 2025
Investment and Universal Indl. 2001
Finance Private Estate, J. P. Road,
Limited Andheri (W),
Mumbai,
Maharashtra –
400058
15 Silver Golden A-119, 1st Floor, 13.01038 September July 25, 2025
Property Develop Plot-8 PT, B-8, A 28, 1998
Fin Investment wing, BGTA Beas
Limited (Also Premises Co Op
known as VAB Soc, Truck Terminal
Ventures Limited) RD, Antop Hill,
Mumbai City,
Mumbai,
Maharashtra –
400037
16 Simplex Trading 3rd floor, Chinubhai 13.01183 February July 25, 2025
and Agencies Ltd House, 7-B, 17, 1999
Amrtubaug Colony,
Opp Sardar Patel
Stadium, Nr Hindu
Colony,
Navarangpura,
Navjivan,
Ahmedabad, Gujarat
– 380014
As such, the above companies shall not transact the business of a Non-Banking
Financial Institution, as defined in clause (a) of Section 45-I of the RBI Act, 1934.
(Puneet Pancholy)
Press Release: 2025-2026/897 Chief General Manager