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Aramusk Infrastructure Investments Limited

NBFCChennai, Tamil Nadu

The RBI action, regulatory basis, and operating impact linked to this entity.

Recorded RBI impact

License cancellation

License cancellation · Fresh imposition

S5

Published by RBI

9 Apr 2025

Case Brief

The Reserve Bank of India cancelled the Certificate of Registration of six NBFCs: Thamiraparani Investments Private Limited, Aramusk Infrastructure Investments Limited, Viswapriya Gold Hire Purchase Limited (name changed in MCA records to Viswapriya Finance Limited), Matrix Financial Services Ltd, Unitara Finance Limited, and Well Fin Securities Limited. The action was taken under Section 45-IA(6) of the RBI Act, 1934. Following the cancellation, these companies are not permitted to transact the business of a Non-Banking Financial Institution under Section 45-I(a) of the RBI Act.

Why RBI Acted

Licensing breach

The Reserve Bank of India exercised its powers under Section 45-IA(6) of the RBI Act, 1934 to cancel the Certificate of Registration of six companies. The release lists the affected entities and states that, as a result, they shall not transact the business of a Non-Banking Financial Institution as defined in Section 45-I(a) of the RBI Act. This is a licence/registration cancellation affecting their ability to operate as NBFCs.

Operating Impact

These six companies lose the legal ability to operate as NBFCs and must cease NBFC business. Customers and counterparties should no longer rely on them for regulated non-banking financial services, and the restriction is effective from the respective cancellation order dates stated in the release.

Regulatory Basis

  • Section 45-IA (6) of the Reserve Bank of India Act, 1934
  • Section 45-I(a) of the RBI Act, 1934

Action Facts

Primary Impact
License cancellation
Order Date
24 Mar 2025
Effective From
24 Mar 2025
Entities Affected
6
Entity Role
Bulk Member
Entity Type
NBFC

Related Entities

Entities similar to Aramusk Infrastructure Investments Limited

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  1. M/s. Unitara Finance Limited

    NBFC · Indore, Madhya Pradesh

    1 shared action

    2 restrictions

  2. Matrix Financial Services Ltd

    NBFC · Chennai, Tamil Nadu

    1 shared action

    1 restriction

  3. Thamiraparani Investments Private Limited

    NBFC · Chennai, Tamil Nadu

    1 shared action

    1 restriction

  4. Viswapriya Finance Limited

    NBFC · Chennai, Tamil Nadu

    1 shared action

    1 restriction

  5. Viswapriya Gold Hire Purchase Limited

    NBFC · Chennai, Tamil Nadu

    1 shared action

    1 restriction