Document title: 13 NBFCs surrender their Certificate of Registration to the RBI

Issuing authority: Reserve Bank of India (RBI)

Reference: Press Release 2026‑2027/427

Date: 10 June 2026

Regulatory and policy measures

The Reserve Bank of India, exercising powers under Section 45‑IA(6) of the Reserve Bank of India Act, 1934, has cancelled the Certificates of Registration (CoR) of thirteen Non‑Banking Financial Companies (NBFCs). The cancellations are grouped into three categories: (i) exit from the NBFC business, (ii) entities meeting the criteria for unregistered Core Investment Companies (CIC) that do not require registration, and (iii) NBFCs ceasing to exist as legal entities due to amalgamation, merger, dissolution, or voluntary strike‑off.

i) Exit from NBFC business

  • J. Thomas Finance Pvt. Ltd., CoR B.05.00378, issued 26 Feb 1998, cancelled 13 May 2026.
  • Econ‑Super Sales Pvt. Ltd., CoR B.05.06044, issued 20 Dec 2003, cancelled 13 May 2026.
  • Hitesha Finance and Investment Limited, CoR B‑14.02243, issued 24 Aug 2001, cancelled 15 May 2026.
  • Tinnevelly Tuticorin Investments Ltd., CoR B.05.02058, issued 4 May 1998, cancelled 18 May 2026.
  • Carnex Vinimay Pvt. Ltd., CoR B.05.03789, issued 4 Feb 2003, cancelled 21 May 2026.

ii) Unregistered Core Investment Company (CIC) criteria

  • Forerunner Capital Investments Limited, CoR 14.00861, issued 25 May 1998, cancelled 20 May 2026.

iii) Ceasing to be a legal entity (amalgamation/merger/voluntary strike‑off)

  • Caspian Impact Investments Private Limited, CoR B‑13.02529, issued 24 Jul 2025, cancelled 20 May 2026.
  • Hari Darshan Sales Private Limited, CoR B.05.03484, issued 10 Oct 2000, cancelled 21 May 2026.
  • Ivory Consultants Private Limited, CoR B.05.05507, issued 18 Sep 2003, cancelled 21 May 2026.
  • SKA Consultancy Services Private Limited, CoR 05.00605, issued 3 Mar 1998, cancelled 21 May 2026.
  • Trishita Management Limited, CoR B.05.06258, issued 11 Mar 2020, cancelled 21 May 2026.
  • Suban Trades Limited, CoR B‑05.04901, issued 20 Jan 2020, cancelled 21 May 2026.

The cancellations reflect RBI’s ongoing supervisory role to ensure that entities no longer meeting the regulatory definition of an NBFC or those that qualify as unregistered CICs are removed from the registration register. The press release is signed by Chief General Manager Brij Raj.

Overall, the RBI’s action removes thirteen NBFCs from the active registration list, thereby streamlining the sector’s regulatory landscape.