Reserve Bank of India (RBI) has de-registered 31 non-banking finance companies including Margadarsi Finance Session Pvt. Ltd and Margadarsi Investment and Leasing Company Pvt. Ltd based on Telangana Crime Investigation department report.

Under section of 45-1(a) 6 of the RBI Act the Reserve Bank of India has issued cancellation orders to the concerned finance companies for violation of rules.

The Act speaks about, if the Non-banking Financial companies ceases to carry on the business of a non-banking financial institution or fails to comply with any condition subject to the certificate of registration may cancel that company registration.

Registration cancelled finance companies list as follows:

  • Yukta Finance Pvt Ltd, Secunderabad.
  • Emergy Finance & Investments Ltd, Hakeempet
  • Sri Sri Hire Purchase & Finance Ltd, Seethaphalmandi
  • Siri Auto Financiers Pvt Ltd, Khammam
  • Margadarsi Investment & Leasing Company Pvt Ltd, Eenadu Complex, Somajiguda
  • Sri Vishnu Finance and Investment Pvt Ltd,  Jubilee Hills
  • HCG Investment &Impex Ltd, Jeedimetla
  • Avyaya Finance Ltd, Karkhana
  • Sri Sri Hire Purchase & Finance Ltd, Secunderabad
  • DSL Finance Pvt Ltd, Somajiguda
  • BNR Udyog Ltd, Somajiguda
  • Nano Financial Services India Pvt Ltd, Somajiguda
  • Bambino Finance Pvt Ltd, Saroornagar
  • M/s GN Vasavi Finance Ltd, Punjagutta
  • M/s Shubham Financial Services Ltd, Secunderabad
  • M/s ChenaiFinanceco Ltd, Adarshnagar
  • M/s RR Finance and Projects Ltd, Ameerpet
  • M/s Sri Mahalakshmi Finance Services Ltd, Ram Koti
  • M/s Maruti Securities Ltd,  Secunderabad
  • M/s Proddutur Investments Ltd, Tadbund
  • M/s Magnil Finance & Hire Purchase Pvt Ltd, Nallakunta
  • M/s Suryalaxmi Securities Ltd,  Domalguda
  • M/s Bhavya Capital Services Ltd, Narayanguda
  • M/s Seagull Leafin Ltd, KPHB Colony
  • M/s Sriman Sai Securities & Investments Finance Ltd, Karimnagar
  • M/s GN Vasavi Finance Ltd, Punjagutta
  • M/s Seghal Leasing & Investments Ltd, Raj Bhavan Road
  • M/s Vikrant Investments &Impex Ltd, Balanagar
  • M/s. Margadarsi Finance session (P) Ltd, Somajiguda,
  • M/s. Cyclo investments Pvt Ltd,  Ameerpet 
  • M/s Naryen Finance and Investments Ltd, Narayanguda

CID department cautioned to the public that they should not indulge in any transactions with the above deregistered finance companies listed out by RBI.
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