The Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of KKR India Asset Finance Pvt Ltd (KIAFPL) as it has exited the Non-Banking Financial Institution (NBFI) business.
KIAFPL, which is mainly into real estate financing, was incorporated on June 30, 1989 under the provisions of the Companies Act, 1956.
The NBFI is registered with the RBI as a non-deposit taking, systemically important Non-Banking Financial Company (NBFC) as defined in Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023.
KIAFPL was issued CoR by RBI on May 29, 2024 and the same was cancelled on February 23, 2026, according to a RBI statement.
Along with KIAFPL, the CoR of eight other NBFIs have been cancelled– Manglam Vanijya Pvt Ltd and Mechno Sales Agencies Pvt Ltd (both due to exit from from NBFI business); Premier Ferro Alloys & Securities (due to meeting the criteria prescribed for unregistered Core Investment Company (CIC) that do not require registration); and Unicon Suppliers Pvt Ltd, Atreyi Vincom Pvt Ltd, Hanuman Forging & Engineering Pvt Ltd, Upwards Capital Pvt Ltd and Samuk Holding Pvt Ltd (due to these NBFCs ceasing to be a legal entity upon amalgamation/ merger/dissolution/ voluntary strike-off, etc.).
Published on March 11, 2026
