Tell Us What You're Looking to Do
We'll review your requirement and get back to you with the right advisory support.
Your information is used only to evaluate your enquiry and contact you regarding your request.
Important: Bharat Cred Solutions Pvt. Ltd. is a private professional consulting firm and is not affiliated with or endorsed by RBI or any government authority. Regulatory approvals and decisions are made independently by the competent authority and cannot be guaranteed.
Buy or Sell an NBFC in India — With Regulatory & Transaction Advisory
Evaluate an NBFC acquisition, prepare your NBFC for sale, or assess a potential transaction with structured due diligence, valuation, documentation and applicable regulatory coordination.
NBFC Transaction Advisory — From Assessment to Closing
A structured approach to help you make informed decisions and manage the transaction process.
Acquisition Advisory
Evaluate opportunities and define your transaction requirements.
Due Diligence
Review regulatory, financial, corporate, legal and loan-book information.
Valuation
Assess the commercial factors that influence an NBFC transaction's value.
Transaction Structuring
Evaluate acquisition, sale, share-transfer and control-change structures.
Regulatory Coordination
Support documentation and coordination for applicable RBI requirements.
Looking to BUY an NBFC?
Understand the opportunity. Minimise the risk.
Looking to SELL an NBFC?
Prepare your business for the right buyer.
Don't Buy Before Checking These 10 Things
A low acquisition price can become expensive if the underlying liabilities, compliance gaps or portfolio risks are not identified.
How an NBFC Transaction Works
From initial assessment to a successful close.
Understand
Define your objective.
Evaluate
Review corporate, financial & regulatory position.
Due Diligence
Identify risks & compliance gaps.
Structure
Plan the right transaction structure.
Document
Prepare & review transaction documents.
Regulatory Process
Complete applicable RBI requirements.
Close
Satisfy contractual & regulatory conditions.
* The exact process varies depending on the NBFC, transaction structure and applicable regulatory requirements.
How Much Is an NBFC Worth?
There is no single "NBFC price."
An NBFC's value depends on multiple factors, including net worth, loan book, asset quality, profitability, regulatory standing, compliance history and strategic value.
Two NBFCs with similar registrations can have completely different transaction values.
Who We Help
Supporting buyers, sellers and investors across the NBFC ecosystem.
Relevant Case Studies
Real advisory. Practical outcomes.
NBFC Acquisition Advisory
Assisted a business in evaluating and acquiring an existing NBFC with strong portfolio quality.
NBFC Sale Support
Helped a promoter prepare for exit with valuation and due-diligence support.
Regulatory Advisory
Supported an NBFC with RBI compliance and transaction documentation.
Frequently Asked Questions
View All FAQsQuick answers to common queries.
Does Buying or Selling an NBFC Require RBI Approval?
Yes — in most cases, prior written approval from the RBI is mandatory. Under the Non-Banking Financial Companies (Acquisition of Shareholding or Control) Directions, 2025 — issued 28 November 2025, replacing the earlier 2015 framework — prior RBI approval is required in three situations:
Any takeover or acquisition of control
Required whether or not it changes the management. Control isn't defined by shareholding percentage alone — if you gain the right to appoint a majority of directors or otherwise direct policy decisions, that's a change in control even under 26% shareholding.
Acquisition or transfer of 26% or more of paid-up equity capital
Including progressive increases built up over time. Exception: if shareholding crosses 26% due to a share buyback or court-approved capital reduction, prior approval isn't required — but RBI must be informed within one month.
Change in more than 30% of directors
Excluding independent directors and routine re-election by rotation. This applies cumulatively over a year, not just per transaction.
The detail most buyers miss: indirect changes count too. If a holding company that owns an NBFC itself changes hands, RBI treats that as an indirect change in control of the NBFC — and approval is still required.
Also introduced in the 2025 Directions: investors from FATF non-compliant jurisdictions are capped at 20% voting power in any NBFC, with grandfathering for pre-existing holdings. Applications now go through RBI's PRAVAAH portal rather than physical filing. Once approval is received, a public notice must be published in one leading national and one vernacular newspaper at least 30 days before the sale or transfer of control.
Not sure whether your proposed transaction crosses these thresholds? That's a 10-minute conversation, and getting it wrong is expensive.
An Honest Comparison
Targets searches for “NBFC takeover vs new registration,” “readymade NBFC,” and “fastest way to start an NBFC.”
| Acquiring an Existing NBFC | Fresh NBFC Registration | |
|---|---|---|
| Regulatory route | RBI change-in-control approval | Full CoR application under Sec. 45-IA |
| Typical timeline | Generally faster — transferring an existing licence, not proving a new one | Longer, with RBI scrutiny of a business case from scratch |
| Operating history | Comes with track record — an asset if clean, a liability if not | Clean slate, no history to inherit |
| Key risk | Inheriting undisclosed liabilities, NPAs, or compliance defaults | Application rejection or extended query cycles |
| Capital requirement | Must still meet Net Owned Fund norms post-acquisition | Must meet NOF at application |
| Best suited for | Fintechs and groups that need to be live quickly | Founders building a specific model from the ground up |
The honest caveat we tell every client: an acquisition is only faster if the target is clean. A cheap NBFC with hidden compliance defaults will cost you more in remediation than a fresh registration would have. That's exactly why due diligence isn't optional — it's the entire deal.
What You'll Need
For the Acquirer / Incoming Shareholders
- • Detailed profile of proposed shareholders and directors
- • Sources-of-funds declaration
- • Bankers' reports on proposed directors and shareholders
- • Fit-and-proper criteria declarations
- • PAN, address proof, net worth certificates
- • Board resolution approving the acquisition
For the Target NBFC / Seller
- • Certificate of Registration (CoR) copy
- • Last 3 years' audited financial statements
- • Shareholding pattern (pre- and post-transaction)
- • RBI returns filing history
- • Statutory auditor's certificate
- • Disclosure of pending litigation, notices, or regulatory action
- • Board resolution approving the transfer
Exact requirements vary by NBFC layer and transaction structure. We provide a tailored checklist after the first call.
Why Deals Come to Us
One team, not five vendors
CA, CS, and legal professionals in-house. You're not coordinating between an accountant, a lawyer, and a filing agent who've never worked together.
We tell you when a deal is bad
We've advised clients to walk away from acquisitions. Our incentive is a clean transaction you don't regret, not a closed file.
Delhi-based, minutes from RBI's central office
Regulatory coordination, in-person filings, and hearings without the delay a remote team adds.
Confidentiality by default
NBFC transactions are sensitive. An NDA is available before you share anything material.
Beyond the deal
Compliance, lending infrastructure, recovery, and BPO — the same team supports the business after you own it.
What we don't do: we don't promise RBI approval, guarantee timelines the regulator controls, or sell "ready-made licences." Any advisor who does is telling you what you want to hear. RBI decides — our job is to make sure your application gives it every reason to say yes.
Buy & Sell NBFC — Frequently Asked Questions
Talk to Someone Who's Done This Before
Whether you're evaluating a target, preparing an exit, or simply trying to work out whether your transaction needs RBI approval — the first conversation costs nothing and usually saves a great deal.
No obligation. Completely confidential. Straight answers.
Mon–Sat, 10am–7pm IST
407-408, B-08, ITL Tower, Netaji Subhash Place, Pitampura, New Delhi, Delhi 110034