10 NBFCs Closed in India, 4 Surrender and License of 6 NBFC Cancelled
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The Reserve Bank of India (RBI) has cancelled license of 6 NBFCs and 4 NBFCs have surrended their license to RBI. In total, 10 NBFCs have been closed.
License Cancelled by RBI
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 company.
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued On | Cancellation Order Date |
| 1 | Wofin Leasing and Finance Private Limited | 7 Ganesh Chandra Avenue, PS: Bowbazar, Kolkata, West Bengal 700013 | B-05.06747 | March 13, 2008 | May 16, 2025 |
| 2 | Outram Properties Pvt Ltd | 23A, NS Road, 10th Floor, Kolkata, West Bengal 700001 | 05.03224 | September 09, 1999 | May 16, 2025 |
| 3 | SCM Holding Private Limited | 11/1A Sarojini Naidu Sarani, Lowdon Street, Kolkata, West Bengal 700017 | 05.03245 | September 24, 1999 | May 16, 2025 |
| 4 | Kalash Vyapaar Private Limited | 75C, Park Street, 3rd Floor, Kolkata, West Bengal, 700016 | N.05.06592 | December 30, 2005 | May 16, 2025 |
| 5 | Everest Vinimay Private Limited | 3A, Garstin Place, 6th Floor, Kolkata, West Bengal, 700001 | N.05.06604 | February 06, 2006 | May 16, 2025 |
| 6 | Adhikar Microfinance Private Limited | Plot No-77/180/970, Subudhipur, Tomando, Bhubaneswar, Orissa – 752054 | 04.00021 | October 22, 2013 | May 20, 2025 |
As such, the above company 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.
NBFCs surrender License
The following four 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:
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued on | Date of Cancellation of CoR |
| 1 | Benco Finance and Investments Private Limited | Room No- 1-2, Kapadia Chambers, 51 Bharuch Street, Masjid Bunder (E), Princess Dock, Mumbai, Maharashtra – 400009 | B-13.01738 | February 05, 2004 | May 22, 2025 |
| 2 | Pamnani Capita Private Limited | A/3 1603 16th Floor Lok Nirman Building, Dr Ambedkar Road, Khar (West), Mumbai, Maharashtra – 400052 | B-13.02350 | June 12, 2019 | May 22, 2025 |
ii) Cancellation of CoR due to NBFC ceasing to be a legal entity due to amalgamation/ merger/dissolution/ voluntary strike-off, etc.:
| Sr. No. | Name of the Company | Registered Office Address | CoR No. | CoR Issued on | Date of cancellation of CoR |
| 1 | Parrys Investments Limited | 234, NSC Bose Road, Dare House, Parrys Corner, Chennai, Tamil Nadu – 600001 | B.07.00129 | December 5, 2006 | May 26, 2025 |
| 2 | Synergy Synthetics Private Limited | 84-A, Mittal Court, 8th floor, 224, Nariman Point, Mumbai, Maharashtra – 400021 | N-13.01332 | September 22, 2000 | May 26, 2025 |