REGULATING NON-BANKING

This role is, perhaps, the most unheralded aspect of our activities, yet it remains among the most critical. This includes ensuring credit availability to the productive sectors of the economy, establishing institutions designed to build the country’s financial infrastructure, expanding access to affordable financial services and promoting financial education and literacy.

Press Release


PDF - RBI cancels Certificate of Registration of 21 NBFCs ()
Date : Oct 13, 2025
RBI cancels Certificate of Registration of 21 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 Anand Private Limited 4th Floor, Magnet House, Dougall Road, Ballard Estate, Fort, Mumbai, Maharashtra – 400038 13.00313 March 09, 1998 September 05, 2025
2 Anand Corporate Holdings Private Limited Magnet House, 4th Floor, N M Marg, Ballard Estate, Mumbai – 400038 13.00310 March 09, 1998 September 05, 2025
3 Athena Financial Services Limited. 4704, Pune-Mumbai Road, Pimpri Chowk, Pimpri, Pune, Maharashtra – 411018 13.00013 September 22, 2000 September 05, 2025
4 Barter Leasing And Finance Pvt Ltd Amrut Villa, 29- Modi Street, Fort, Mumbai, Maharashtra, 400001 13.01552 February 08, 2002 September 05, 2025
5 Dimples Cine Advertising Private Limited (also known as Dimples Leasing & Finance Ltd) Park Avenue 16/29th Road Junction, Near Pali Naka, Bandra West, Mumbai -400050) 13.00682 April 20, 1998 September 18, 2025
6 Diwan Sons Holding & Consultancy Pvt Ltd Nooruddin Chambers, First Floor, Devji Ratansey Marg, Masjid (East), Mumbai, Maharashtra – 400009 13.01558 February 11, 2002 September 18, 2025
7 Elegant Capital Private Limited 47-A, 3rd Floor, Plot 308, Hanuman Building, Perin Nariman Street, Fort Market, Fort, Mumbai, Maharashtra – 400001 13.01696 January 06, 2004 September 18, 2025
8 Fax Computers and Finance Services Private Limited C-001, Marathon Innova, Off. G.K. Marg, Opp. Peninsula Corporate Park, Lower Parel (West), Mumbai, Maharashtra – 400013 13.01748 February 05, 2004 September 18, 2025
9 Panchasar Leasing and Invstment Ltd. 3rd Floor 8 Nanabhai Lane Manek Mansion Fort, Mumbai, Maharashtra - 400001 13.00206 March 03, 1998 September 29, 2025
10 Monotona Securities Ltd. (also known as Champion Finsec Limited) Champion Finsec Limited at Dalamal Towers, Office No.615, 06th Floor, 211 Press Journal Marg, Nariman Point, Mumbai City, Mumbai, Maharashtra – 400021 13.00958 August 04, 1998 September 29, 2025
11 Morta Finlease and Investments Private Limited 124, Andheri Univesal Indl. Premises above Bank Of India, J. P. Road, Andheri (W), Mumbai, Maharashtra – 400058 13.01529 July 25, 2001 September 29, 2025
12 Ottoman Finlease and Investments Private Limited 124, Andheri Universal Indl. Premises CHS Ltd., J.P. Road, NR Dhake Colony, Andheri (W,), Mumbai City, Mumbai, Maharashtra – 400058 B-13.01485 February 17, 2001 September 29, 2025
13 Pal Credit & Capital Limited 58 Nariman Bhavan, 5th Floor, Nariman Point, Mumbai City, Mumbai, Maharashtra – 400021 13.00817 May 25, 1998 September 29, 2025
14 Shrenuj Investments and Finance Private Limited 506 Dharam Palace 100-103 N S Patkar Marg, Mumbai, Maharashtra – 400007 13.00562 March 31, 1998 September 29, 2025
15 Shyamal Holdings and Trading Limited 20 B Khatau Building Alkesh Dinesh Modi Marg Fort, Mumbai, Maharashtra – 400023 13.0017 March 02, 1998 September 29, 2025
16 Devi Investments Private Limited Room no. 7, 2nd Floor, Dossa Mansion, 1/6, Sir P M Road, Fort, Mumbai, Maharashtra - 400001 N-13.01974 June 18, 2010 September 29, 2025
17 Dhuleva Finance Pvt Ltd 501, Khatau House, 15-A, J. Mehta Road, Mumbai, Maharashtra – 400006 13.00563 March 31, 1998 September 29, 2025
18 Shah Financial Services Limited Office No.209, 2nd Floor, M.L. Spaces, Dashrathlal Joshi Road, Vile Parle(West), Mumbai, Maharashtra - 400056 13.01509 April 10, 2001 September 29, 2025
19 Aastha Broad Casting Network Limited (earlier known as Trimline Investments Co Ltd.) Unit No.317, 3rd Floor, Morya Landmark 1, Plot No B25, CTS No.594, Off Andheri Link Road, Andheri West, Mumbai, Maharashtra - 400053 13.01182 February 17, 1999 September 29, 2025
20 Unno Industries Limited B1/A, Utkarsh Co-op Housing Society, M.A. Road, Andheri West, Mumbai, Maharashtra – 400058 B-13.01987 March 15, 2011 September 29, 2025
21 Xrbia Financial Services Private Limited The Affaires, Unit No. 5 & 6, 1st Floor, Plot No. 9, Sector No. 17, Sanpada, Navi Mumbai, Maharashtra – 400706 B-13.01636 December 27, 2018 September 29, 2025

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.

(Brij Raj)           
Chief General Manager

Press Release: 2025-2026/1302

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