17 more NBFCs Closed in India, Check Complete List

In a significant development, 17 Non-Banking Financial Companies (NBFCs) have recently ceased operations in India. These closures were confirmed by the Reserve Bank of India (RBI) and reflect the ongoing trend of NBFCs either surrendering their licenses voluntarily or facing cancellation due to non-compliance with regulatory requirements.

RBI has cancelled License of 10 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. No.	Name of the Company	Registered Office Address	CoR No.	CoR Issued On	Cancellation Order Date
1	Paridhi Trading Company Pvt Ltd	2nd Floor, Apsara Cinema Building, Dr D.B. Marg, Grant Road, Mumbai, Maharashtra – 400007	13.00973	August 12, 1998	June 25, 2025
2	Progressive Securities Private Limited	Plot No. A-10, Nardana Industrial Area, Nardana, Maharashtra – 425404	13.00849	May 26, 1998	June 25, 2025
3	Sanwa Finance Private Limited	Sanwa House, 97/99 Mumbai Samachar Marg, Fort, Mumbai, Maharashtra – 400023	13.00189	March 03, 1998	June 25, 2025
4	Sunflex Finance and Investments Limited	101-A, Lumbini Palace, Main Tejpal Road, Vile parle (East), Mumbai, Maharashtra – 400057	13.00088	February 26, 1998	June 25, 2025
5	Tirupati Holdings Limited	Air India Building,14th Floor, Nariman Point, Bombay 21, Mumbai, Maharashtra – 400021	13.00359	March 18, 1998	June 25, 2025
6	Vasant Sanghavi Securities Private Limited	110 Ratna Deep 76/78, J.S.S Road, Opera House, Mumbai, Maharashtra – 400004	B-13.01725	February 05, 2004	June 25, 2025
7	Vivid Finance and Holdings Private Limited	107/108, Midas, Sahar Plaza Complex, J.B.Nagar, Andheri-Kurla Road, Andheri (E), Mumbai, Maharashtra – 400059	13.00581	March 31, 1998	June 25, 2025
8	Variety Investments Pvt Ltd	1st Floor, Raja Bahadur, Mansion Ambalal Doshi Marg, Bombay Stock Exchange, Fort, Mumbai, Maharashtra – 400001	13.01272	July 28, 1999	June 25, 2025
9	Sam Tul Investments Ltd	Unit- 1044, Ijmima Complex, 10th Floor Off. Link Road Malad (West), Mumbai, Maharashtra – 400064	13.00167	March 02, 1998	June 25, 2025
10	Shreeramanjaneya Leasing and Finance P Ltd	No 11, Govind Bhawan, S.V.Road, Off Chincholi Naka, Malad West, Mumbai, Maharashtra – 400064	B-13.01402	October 11, 2000	June 25, 2025

7 NBFCs surrender license to RBI

The following seven 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	Samruddhi Swastik Trading and Investments Limited	Birlagram Nagda, Ujjain, Madhya Pradesh – 456331	03.00037	March 03, 1998	June 02, 2025
2	Strategic Capital Corporation Private Limited	Strategic House, 44, Mint Road, Fort, Mumbai., Maharashtra – 400001	N-13.01825	March 20, 2006	June 06, 2025
3	Manglam Securities Limited	4630/18-B, 2nd Floor, Ansari Road Darya Ganj, New Delhi, Delhi – 110002	14.00500	March 20, 1998	June 12, 2025
4	Anam Finance Private Limited (Now Known as Anam Commercial Business Private Limited)	No. 61, T.T.K. Road, 2nd Floor, Alwarpet, Chennai, Tamil Nadu – 600 018	B-07.00358	September 15, 2016	June 13, 2025

ii) Due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration

Sr. No.	Name of the Company	Registered Office Address	CoR No.	CoR Issued on	Date of cancellation of CoR
1	Mehrotra Invofin India Private Limited	A-60, Naraina Industrial Area, Phase-I, New Delhi, Delhi – 110028	14.02908	April 11, 2003	June 17, 2025

iii) 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	Alcom Investment Private Limited	10th Floor, Gold Crest, N.S. Road No. 10, JVPD Scheme, Vile Parle (West), Mumbai, Maharashtra – 400049	B-13.02383	February 10, 2020	June 09, 2025
2	Tarish Investment and Trading Company Private Limited.	No. 574, Next to Wipro Corporate Office, Doddakannelli, Sarjapur Road, Bangalore, Karnataka – 560035	N-02.00295	February 26, 2018	June 24, 2025