Home India Reserve Bank of India RBI cancels Certificate of Registration of 31 NBFCs...
Date: 2025-09-12 Category: Not Applicable State: Union Government Country: India

RBI cancels Certificate of Registration of 31 NBFCs

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) for 31 Non-Banking Financial Companies (NBFCs) under Section 45-IA of the Reserve Bank of India Act, 1934. This action, effective from various dates in August 2025, prohibits these companies from transacting business as Non-Banking Financial Institutions. The cancellations were ordered between August 1, 2025, and August 26, 2025. Key Points / Main Content: * **Cancellation of Registration:** * The RBI has cancelled the CoR of 31 NBFCs. * The cancellations are enacted under the powers conferred by Section 45-IA of the Reserve Bank of India Act, 1934. * **List of Affected Companies:** * A detailed list provides the names, registered addresses, CoR numbers, dates of issuance, and order dates for each of the 31 NBFCs whose registrations have been cancelled. * **Prohibition of Business Transactions:** * Following the cancellation, the listed companies are barred from conducting business as Non-Banking Financial Institutions, as defined in clause (a) of Section 45-I of the RBI Act, 1934. Impact Analysis: * **Affected NBFCs:** * *Impact:* The 31 NBFCs listed are prohibited from operating as Non-Banking Financial Institutions. * *Action Required:* Cease all business activities as defined under Section 45-I of the RBI Act, 1934.

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: A section of the Reserve Bank of India Act, 1934, that grants the Reserve Bank of India the power to cancel the Certificate of Registration of companies. NBFCs: Non-Banking Financial Institutions, which are financial institutions that provide banking services without holding a banking license. Mumbai, Maharashtra: A city in the state of Maharashtra, India, where many of the listed companies and the Reserve Bank of India's Central Office are located. Kolkata, West Bengal: A city in the state of West Bengal, India, where some of the listed companies are located. Thane, Maharashtra: A city in the state of Maharashtra, India, where some of the listed companies are located. Pune, Maharashtra: A city in the state of Maharashtra, India, where some of the listed companies are located. Hyderabad, Telangana: A city in the state of Telangana, India, where some of the listed companies are located.
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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 RBI cancels Certificate of Registration of 31 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 Kamsco 2, Minto Park, 05.02625 June 04, August 01, 2025 Industries Pvt Kolkata, West 1998 Ltd Bengal 700027 2 Pharma Trading 2, Minto Park, 05.02678 June 11, August 01, 2025 Co Pvt Ltd Kolkata, West 1998 Bengal 700027 3 Reliable MS-07/09, Bengal 13.00809 May 25, August 11, 2025 Housing and Ambuja, City 1998 Finance India Centre, Limited (also Bardhaman, known as - Kali Durgapur, West Housing & Bengal, 713216 Finance Ltd.) 4 Zenith Capitals 143-145, 3rd Floor, 13.00705 April 20, August 13, 2025 Limited Khaitan Chambers 1998 (also known as - Modi Street, Fort, SVL Capitals Mumbai City, Ltd) Mumbai, Maharashtra - 400001 5 Swift Finlease B-8, Dharma 13.01075 October 29, August 13, 2025 (India) Limited Smruti Chawl, 1998 Jivdani Road, Virar (E), Thane, Maharashtra - 401303 6 Transcon 618, Corporate 13.00895 May 25, August 13, 2025 Research and Avenue, 6th Floor, 1998 Infotech Limited Sonawala Road, Goregaon East, Mumbai, Maharashtra - 4000632 7 Kankaria Motor Office No.9, IInd B-13.02139 October 20, August 13, 2025 Finance Private Floor Krishna 2016 Limited Plaza, Naupada, Thane, Thane West, Maharashtra – 400602 8 Jasper Neville House, J N 13.00639 April 07, August 13, 2025 Investments Heredia Marg, 1998 Limited Ballard Estate, Mumbai, Maharashtra - 400001 9 Mahaamba Mafatlal Centre, 5th 13.00266 March 06, August 13, 2025 Investments Floor, Nariman 1998 Limited Point, Mumbai, Maharashtra - 400021 10 Keen Office No.118, First 13.00564 March 31, August 13, 2025 Investment and Floor, Madhav 1998 Leasing Limited Square Building Opp. Cricket Bunglow, Limda Lane Corner, Jamnagar, Gujarat - 361001 11 Puneet Capital Unit No. 33, 4th 13.00103 February August 18, 2025 Services Limited Floor, Rohit 26, 1998 Chambers, Janmabhoomi Marg, Horniman Circle, Fort, Stock Exchange, Mumbai, Maharashtra - 400001 12 Shirar Manohar 11, Parijat B-13.01388 September August 18, 2025 Investment and Co-Op Housing 18, 2000 Finance Private Society, Limited Bibwewadi, Pune, Maharashtra - 411037 13 Shirish Holding Kalpana Apts, 13.01387 September August 18, 2025 and Finance Erandwane, 18, 2000 Private Limited CTS 43/13 Near Shangrila, Pune, Maharashtra – 411004 14 Sahayog VO-550, Sahayog, B-13.02070 June 19, August 18, 2025 Microfinance WeWork, 2014 Limited NESCO IT Park, 10th Flr, Building 4, Western Express Highway,3 Goregaon East, Mumbai, Maharashtra - 400063 15 Rajkosh Capital 005, Hussain 13.01092 November August 18, 2025 Private Limited Saheb Chawl, 13, 1998 (also known as - Tunga Village Vihar Sawaj Road, Saki Naka, Marketing & Mumbai, Financial Maharashtra - Services Private 400072 Limited) 16 Safal 158/160, Dr Viegas 13.00619 April 07, August 18, 2025 Investment Street, 1998 Limited 104, Royal Avenue 1st Floor, Opposite Church Bazar, Kalbadevi, Mumbai, Maharashtra - 400002 17 Swarnajyothi 315, Left Wing 13.00465 March 24, August 18, 2025 Agrotech & Amruthville Welfare 1998 Power Limited Association, (also known as - Opp Yashoda Prarambh Hospital, Finance & Rajbhavan Road, Leasing Ltd.) SO, Majiguda, Hyderabad, Telangana - 500082 18 Action Financial 46 & 47, 6th Floor, 13.00059 February August 26, 2025 Services (India) Rajgir Chambers, 24, 1998 Limited 12/14 Shahid Bhagat Singh Road Opp. Old Custom House, Fort, Mumbai, Maharashtra - 400023 19 Anfin 1, Floor-1, Plot-8, 13.00384 March 23, August 26, 2025 Investments Pvt Botawala Building, 1998 Ltd Horniman Circle Road, Horniman Circle, Fort, Mumbai, Maharashtra, 400001 20 Atirupa 124 - Andheri 13.01507 April 10, August 26, 2025 Investment Universal Indl. 2001 Private Limited Estate, J. P. Road, Andheri (W), Mumbai, Maharashtra,4 400058 21 Baid Financial 191, Dhawalgiri, 13.00469 March 24, August 26, 2025 Services Limited Yashodham - 1998 Gokuldham, Gen. A. K. Vaidya Marg, Goregaon (East), Mumbai, Maharashtra, 400063 22 Beautiful Diamond House, 9 13.0052 March 24, August 26, 2025 Securities Vatchagandhi 1998 Limited Road, Gamdevi, Bombay, Mumbai, Maharashtra- 400007 23 Better Value Room No. 28, Jai 13.00305 March 09, August 26, 2025 Leasing and Bhavani Nagar, Nr. 1998 Finance Ltd Bharat Fertilizers, Majiwada, Thane, Maharashtra, 400601 24 Blue Chip 324, Dheeraj 13.01755 February August 26, 2025 Financial Heritage, 3rd Floor, 12, 2004 Services Private S.V. Road, Opp. Limited Milan Subway, Santacruz (West), Mumbai, Maharashtra- 400054 25 C Mahendra Tower 'C' Office 13.01717 February August 26, 2025 Capital Limited No. CC-6011 05, 2004 (also known as - Bharat Diamond C Mahendra Bourse, Bandra Capital Pvt. Ltd) Kurla Complex, Bandra (East), Mumbai, Maharashtra, 400051 26 Credit Sudhaar F-401/402, Lotus 13.02132 September August 26, 2025 Finance Private Corporate Park, 23, 2016 Limited Near Jai Coach Junction, Goregaon East, Mumbai, Maharashtra, 400063 27 Dani Financial 004, B Wing 13.01185 February August 26, 2025 Products Private Neelam Centre, 17, 1999 Limited (also Baburao known as - Dani Pendharkar Marg, & Merchants Hind Cycle Road, Financial Worli, Mumbai, Products & Maharashtra, Services India 400002 Ltd.)5 28 Dhenu Buildcon Office at B-17, 13.02237 May 28, August 26, 2025 Infra Limited Shree 2018 (also known as Siddhivinayak The Hingir- Plaza, Plot No.31, Rampur Coal Off Link Road, Co Ltd) Andheri West, Mumbai, Maharashtra- 400053 29 Earth Global A-102, Royal 13.02046 June 11, August 26, 2025 Finance Private Garden, Atria 2013 Limited Millenium Mall Compound, Dr Annie Besant Road, Worli, Mumbai, Maharashtra, 400018 30 Effingo Textile & 305, 3rd Floor, Sai 13.00625 April 07, August 26, 2025 Trading Limited Chamber CHS Ltd, 1998 (also known as House No- Malti Textile 365/369, Narsi Mills Limited) Natha Street, Masjid Bunder, Princess Dock, Mumbai, Maharashtra, 400009 31 Ralchem Ralli House, 21, 13.00274 June 03, August 26, 2025 Limited (also Damodardas 1998 known as Sukhadwala Marg, Fashutana Mumbai, Investments Ltd Maharashtra, or Ralchem 400001 Pesticides Ltd) 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: 2025-2026/1090 Chief General Manager

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