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Date : May 10, 2022
7 Non-Banking Financial Companies surrender their Certificate of Registration to Reserve Bank of India

The following 7 Non-Banking Financial Companies (NBFCs) 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.

Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued on Cancellation Order Date
1 Pondicherry Industrial Promotion Development and Investment Corporation Ltd. 60, Romain Rolland Street, Puducherry- 605001 B-07-00529 October 05, 2004 April 11, 2022
2 D. Devaraj Urs Backward Classes Development Corporation Limited 16-D, 4th Floor, Devaraj Urs Bhavan, Millers Tank Bund Area, Vasant Nagar, Bangalore, Karnataka-560052 N-02.00223 July 26, 2006 April 12, 2022
3 V. Rama Krishna Sons Private Limited Old No. 5, (New No. 9), First Crescent Park Road, Gandhinagar, Adyar, Chennai, Tamil Nadu- 600 020 B-07.00169 June 20, 2002 April 13, 2022
4 Lucky Mercantile Private Limited Ankur Manor, Suite No. C-1,1st Floor, New No.271, Old No.182, Poonamallee High Road, Kilpauk, Chennai, Tamil Nadu-600 010 07-00088 March 06, 1998 April 19, 2022
5 Magnum Credit & Consultants Pvt. Ltd. 12, Darga Road, Ground Floor, Kolkata, West Bengal-700017 B.05.03755 March 13, 2001 April 20, 2022
6 Optacredit Fintech Private Limited Raamsree, No.20, 1st Floor, Sadullah Street, T. Nagar, Chennai, Tamil Nadu-600017 B.07.00154 December 21, 2016 April 27, 2022
7 Shreyas Holdings Pvt. Ltd. 7, Ganesh Chandra Avenue, 4th Floor, Room No. 6, Kolkata, West Bengal-700013 05.03086 March 31, 1999 April 29, 2022

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 Reserve Bank of India Act, 1934.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/189


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