RBI cancels Certificate of Registration of 16 NBFCs

Date: Aug 13, 2025.

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.

Wadhawan Global Capital Limited - Mumbai

Praptee Savings and Investment (India) Limited - Nagpur

Sharmistha Investments Private Limited - Mumbai

Softfin Investments Private Limited - Mumbai

Tele Link Securities and Finance Limited - Mumbai

Tyche Securities Pvt Ltd - Mumbai

Bharat Monetary Services Pvt. Ltd.(Also known as Bharat Udyog Limited) - Mumbai

NCS Finance Private Limited - Kerala

Geopreneur Fincorp Private Limited - Mumbai

Indo-Euro Investments Company Limited - Mumbai

Investrick Securities (India) Private Limited - Mumbai

Jem Fiscal Limited (Also known as Jem Fiscal Private Limited) - Mumbai

Karvirvasini Investments and Finance Private Limited - Mumbai

Kaundinya Investment and Finance Private Limited - Mumbai

Silver Golden Property Develop Fin Investment Limited (Also known as VAB Ventures Limited) - Mumbai

Simplex Trading and Agencies Ltd - Ahmedabad

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.