400+ NBFCs registered. 25 years of doing one thing exceptionally well.
Sachin Chhadwa is the person banks call when they want to start their own NBFC. He’s seen every type of founder — bankers, non-bankers, foreign-backed, locally-funded. He knows what RBI looks for. He knows what kills applications.
Follow them on LinkedIn – https://www.linkedin.com/in/sachinchhadawa/
In this episode of Lending Decoded, Sachin breaks down the entire NBFC registration journey:
→ Fresh license vs acquiring an existing NBFC — which is faster?
→ How RBI changed over 25 years (from 55,000 NBFCs to 9,300)
→ Why the minimum NOF requirement matters (₹25 lakh to ₹10 crore)
→ The real timeline for approval (depends on complexity)
→ What RBI actually looks for in your application
→ Common mistakes that get applications rejected
→ Type 1 vs Type 2 NBFC — avoid the scam
→ Do you need a retired banker? Does knowing someone in RBI help?
→ How fintech should approach NBFC licensing
→ License cancellation triggers and what you can do
If you’re thinking about starting an NBFC — this is the conversation you need before you invest a single rupee.
👤 GUEST
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Sachin Chhadwa — NBFC Registration Specialist
25+ years of experience
400+ NBFCs registered
Qualified Company Secretary, Lawyer, CFA
LinkedIn – https://www.linkedin.com/in/sachinchhadawa/
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🎙️ HOST
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Mudit Jain — Founder & CEO, Synoriq
Synoriq powers 60+ NBFCs across India with core lending software.
LinkedIn – https://www.linkedin.com/in/mudit-jain/
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