NBFC funding assistance and transaction-readiness support
NBFC Funding Assistance for Capital Raising in India
Assistance for NBFC Capital Planning Equity, Debt, NCD and Securitisation Support - Professional Charges from ₹24,999
IncorpX assists with documentation, structuring and compliance preparation for eligible NBFC funding options. Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
Equity and capital-planning assistance
NCD documentation support
Securitisation and PTC structuring support
Bank borrowing and CP readiness
ECB and Rupee bond compliance support
CRAR and ALM planning
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Need Expert Assistance for NBFC Funding?
IncorpX assists with capital planning, documentation, NCD, securitisation and ECB readiness in line with applicable RBI and SEBI requirements.
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NBFC Funding Assistance Package
From ₹24999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Professional assistance
Initial capital assessment consultation
Funding instrument selection support
Capital structure planning
CRAR and ALM impact analysis
Investor documentation preparation
Credit rating coordination support
Regulatory filing assistance (RBI/SEBI/MCA)
Due diligence coordination
Post-closing compliance support
Ongoing advisory assistance
*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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Funding in NBFC refers to the process of arranging capital for a Non-Banking Financial Company through instruments such as equity, debt, Non-Convertible Debentures (NCDs), Commercial Paper (CP), securitisation and eligible external borrowings. Adequate capital directly affects an NBFC's ability to lend, comply with prudential norms and support planned business growth.
The Reserve Bank of India (RBI) regulates NBFC capital and borrowing through the RBI Act, 1934 and the Scale Based Regulation (SBR) framework. Many NBFC categories are required to maintain a minimum CRAR of 15% with Tier-I capital of at least 10%. NOF is category-specific: NBFC-ICC moves from ₹5 crore by 31 March 2025 to ₹10 crore by 31 March 2027, existing NBFC-MFI and NBFC-Factors move from ₹7 crore to ₹10 crore over the same period, while NBFC-P2P and NBFC-AA continue at ₹2 crore.
Capital raising for NBFCs is governed by a combination of rules from RBI (prudential norms, liquidity and exposure rules), SEBI (NCD issuance, listing and disclosure requirements) and MCA (Companies Act provisions on share allotment, debentures and private placement). The applicable route depends on the instrument, investor class and the NBFC's regulatory category.
IncorpX provides assistance with NBFC funding preparation, including capital structure review, instrument selection support, documentation, filing readiness, credit rating coordination and post-closing compliance support. Our role is advisory and process-oriented; we do not provide lending capital directly.
What is NBFC Funding?
NBFC Funding is the process by which a Non-Banking Financial Company mobilizes financial resources to support its lending operations, maintain regulatory capital adequacy, and fuel business expansion. Unlike banks that accept low-cost demand deposits (CASA), most NBFCs are non-deposit-taking (NBFC-ND) and must rely on market-based borrowings and equity capital.
The capital structure of an NBFC typically comprises:
Tier-I Capital (Core Capital): Paid-up equity share capital, share premium, statutory reserves, and retained earnings. This forms the primary loss-absorbing capital and must be at least 10% of risk-weighted assets.
Tier-II Capital (Supplementary Capital): Subordinated debt (minimum 5-year maturity), revaluation reserves, and general provisions (up to 1.25% of risk-weighted assets). Tier-II cannot exceed 100% of Tier-I capital.
Borrowed Funds: Bank loans, NCDs, commercial paper, inter-corporate deposits, and ECB that constitute the operational liabilities used for on-lending.
Securitized Funds: Capital freed through securitization of existing loan assets, enabling recycling of funds without increasing balance sheet leverage.
RBI Prudential Norms on NBFC Borrowing:
CRAR Requirement: Common benchmark for many NBFC categories is 15% with Tier-I at least 10%, but the applicable RBI direction for the entity type should always be checked.
NOF Requirement: Category-specific NOF applies. NBFC-ICC moves from ₹5 crore by 31 March 2025 to ₹10 crore by 31 March 2027, existing NBFC-MFI and NBFC-Factors move from ₹7 crore to ₹10 crore over the same period, while NBFC-P2P and NBFC-AA continue at ₹2 crore.
Concentration Norms: Single borrower exposure limited to 20% of owned funds (25% for infrastructure); group exposure limited to 25% (30% for infrastructure).
ALM Framework: Mandatory Asset-Liability Management with maturity bucket matching to prevent liquidity risks.
Important RBI Requirement!
Under RBI's Scale Based Regulation framework, NBFCs identified in the Upper Layer face enhanced governance, disclosure and prudential expectations. Applicable regulatory reporting is generally filed through RBI's online systems on rbi.org.in. Failure to maintain the required capital or liquidity position can lead to supervisory restrictions on lending, dividend distribution and expansion, and serious contraventions may also attract monetary penalties under the RBI Act.
Sources of Funding for NBFCs in India:
NBFCs in India have access to a diverse range of funding sources. The optimal mix depends on the NBFC's scale category, credit profile, cost sensitivity, and regulatory constraints. Here is a comprehensive comparison:
Funding Category
Instruments
Regulator
Typical Tenure
Key Requirement
Equity
Promoter Capital Infusion
RBI, MCA
Permanent
Source of funds documentation, NOF compliance
PE/VC Investment
RBI, MCA, FEMA
3-7 years (typical exit horizon)
Check RBI approval triggers for acquisition or control change, fit & proper criteria and FEMA compliance
IPO / SME IPO
SEBI, RBI
Permanent
SEBI ICDR Regulations, minimum net worth, track record
The choice of funding instrument significantly impacts the NBFC's cost of capital, CRAR, ALM profile, and leverage ratio. Equity strengthens capital adequacy but dilutes ownership. Debt provides leverage but increases repayment obligations. Securitization frees capital without increasing liabilities. A well-planned funding strategy balances all these factors within RBI's regulatory framework.
Equity Funding for NBFCs:
Equity funding is the most fundamental form of NBFC capital. It directly strengthens Net Owned Fund (NOF) and Tier-I capital, improving the NBFC's CRAR and ability to absorb losses. Here are the key equity funding channels:
1. Promoter Capital
Direct equity infusion by promoters. This forms the foundation of NBFC capitalization. RBI requires source-of-funds documentation, and the capital base must satisfy the NOF requirement applicable to the NBFC category. It is most common during initial setup and early growth.
2. Private Equity / Venture Capital
PE or VC investors usually participate through preferential allotment, secondary acquisition or negotiated subscription structures. Key checks include RBI approval requirements for certain acquisitions or transfers of control, fit and proper assessment, valuation, FEMA compliance and the negotiated shareholder rights package.
3. Angel Investors
High-net-worth individuals investing in early-stage NBFCs. Subject to SEBI Angel Fund regulations (if through an AIF), RBI shareholding norms, and FEMA compliance for NRI investors. Suitable for NBFCs with innovative fintech models.
4. IPO / SME IPO
Public offering of equity shares on BSE/NSE (mainboard IPO) or BSE SME/NSE Emerge (SME IPO). Governed by SEBI ICDR Regulations. Requires minimum track record, profitability, and extensive disclosure. Provides large-scale capital and listing benefits.
5. Rights Issue
Offer of new shares to existing shareholders in proportion to their holding. Governed by Section 62 of Companies Act and SEBI (if listed). Preserves existing shareholding pattern while raising additional equity capital. Board and shareholder resolutions required.
6. Preferential Allotment
Issuance of shares to a select group of investors. Requires special resolution, valuation by registered valuer, SEBI pricing norms (for listed companies), and compliance with Section 42/62 of Companies Act. Popular for strategic and PE investors.
SEBI and RBI Regulations: Listed equity issuance must comply with the applicable SEBI issue and listing regulations and stock exchange requirements. Certain acquisitions, transfers of control or management changes in an NBFC may require prior RBI approval, and foreign investment must be checked against the applicable FEMA non-debt instrument rules and sectoral conditions.
Debt Funding for NBFCs:
Debt is the primary source of operational funding for NBFCs - enabling them to on-lend to borrowers. Unlike equity, debt does not dilute ownership but creates repayment obligations and interest costs. Here are the key debt instruments:
1. Bank Term Loans
The most common debt source. Banks lend to NBFCs based on credit assessment, asset quality, promoter track record, and collateral. Interest rates depend on NBFC's credit rating and relationship. Typical tenure: 1-7 years. May require promoter personal guarantee for smaller NBFCs.
2. NBFCs Lending to NBFCs
Larger NBFCs and All India Financial Institutions (NABARD, SIDBI, NHB, MUDRA) lend to smaller NBFCs. This is subject to RBI's concentration norms and single/group borrower exposure limits. SIDBI and MUDRA are key lenders to NBFC-MFIs.
3. Non-Convertible Debentures (NCD)
Fixed-income debt instruments issued through public offer (SEBI regulated) or private placement (Section 42, Companies Act). Requires credit rating, debenture trustee, and trust deed. Can be secured or unsecured. Tenure: 1-10 years. Detailed in the NCD section below.
4. Commercial Paper (CP)
Short-term unsecured promissory note with tenure of 7 days to 1 year. Governed by RBI directions. Requires a minimum short-term rating of A3 and compliance with demat and issuing and paying agent requirements. It is typically used for short-term liquidity management rather than long-tenure balance sheet funding.
5. Subordinated Debt (Tier-II Capital)
Long-term debt with a minimum maturity of 5 years that ranks below senior debt. Qualifying subordinated debt may be recognised within Tier-II capital under RBI norms, subject to amortisation in the final 5 years and the applicable prudential caps. Features such as calls or step-ups should always be checked against the current RBI conditions.
6. Co-Lending Arrangements
Partnership with banks under RBI's Co-Lending Model (CLM). Bank retains minimum 80% of loan. NBFC earns higher yield on its 20% share and processing fee income. Requires board-approved policy, master agreement, and blended interest rate. Significantly expands lending capacity without proportionate capital.
NCD Issuance - Public & Private Placement:
Non-Convertible Debentures are one of the most popular debt instruments for NBFCs. The issuance process, requirements, and regulations differ based on whether it is a public or private placement:
Parameter
Public NCD Issue
Private Placement NCD
Governing Regulation
SEBI (Issue & Listing of NCS) Regulations, 2021
Section 42, Companies Act 2013 + SEBI LODR (if listed)
Minimum Credit Rating
Issue-specific rating and disclosure under current SEBI rules
Rating expectations depend on investor, arranger and listing plan
Minimum Net Worth
Check the latest SEBI eligibility criteria before launch
Depends on issue route and whether listing is proposed
Maximum Investors
No limit (public issue)
200 per financial year in aggregate, excluding QIBs and ESOPs
Listing Requirement
Mandatory on a recognised stock exchange
Optional unless structured for listing
Filing Requirement
Offer document and exchange filings under current SEBI rules
PAS-4, corporate approvals and exchange filings if listed
Debenture Trustee
Mandatory (SEBI registered)
Mandatory
Debenture Trust Deed
Mandatory (before allotment)
Mandatory (before allotment)
Minimum Application Size
₹10,000
As per offer terms (typically ₹1 lakh+)
Typical Timeline
3-6 months
6-10 weeks
Key NCD Compliance: Public and private placement NCDs should be checked for the applicable rating, trustee, debenture trust deed, security creation, demat, disclosure, payment and exchange reporting requirements. The exact checklist depends on whether the issue is listed, secured or privately placed, so the current SEBI, MCA and exchange framework should be applied before launch.
SEBI Requirement!
Public NCD issues should be checked against the latest SEBI issue and listing regulations, exchange circulars and offer-document requirements. Common checkpoints include disclosure standards, rating visibility, debenture trustee appointment, dematerialised issuance, registrar or intermediary appointment where required and the issuer's recent repayment track record.
Securitization for NBFCs:
Securitization allows NBFCs to convert their loan receivables into tradable securities, freeing up capital for fresh lending. It is a powerful tool for capital recycling and improving CRAR without additional equity or debt. RBI governs securitization through the Master Direction - Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021.
Two Routes of Securitization:
1. Pass Through Certificates (PTC)
The NBFC (originator) transfers a pool of loan assets to a Special Purpose Entity (SPE/Trust), which issues PTCs to investors. Cash flows from the underlying loans are "passed through" to PTC holders. Requires credit rating, MHP, MRR compliance, and true sale criteria.
2. Direct Assignment (DA)
Direct sale of loan assets from NBFC's books to a buyer (typically a bank) without the SPE/Trust structure. Simpler execution but must meet RBI's true sale criteria, MHP, and MRR norms. The buyer assumes direct exposure to the underlying borrowers.
Key RBI Requirements for Securitization:
Minimum Holding Period (MHP): The originator must hold the loan on its books for the minimum seasoning period prescribed in RBI's securitisation directions before transfer.
Minimum Retention Requirement (MRR): The originator generally retains 5% for pools with original maturity up to 24 months and 10% for longer-tenure pools, in line with RBI's securitisation directions.
True Sale Criteria: The transfer must achieve a "true sale" - complete legal isolation of assets from the originator's balance sheet, bankruptcy remote from originator.
No Recourse: The originator should not assume risk of the securitized assets beyond the MRR portion. Credit enhancement must be limited as per RBI norms.
Homogeneity: The pool of assets must be reasonably homogeneous in terms of asset type, structure, and risk characteristics.
Credit Rating: PTCs must be rated by a SEBI-registered credit rating agency. The rating determines the investor appetite and pricing.
Step-by-Step NBFC Funding Process:
Raising capital for an NBFC involves a systematic process that should align with investor expectations, documentation standards and applicable RBI, SEBI and MCA requirements. IncorpX assists with this process as an advisor and facilitator:
Step 1: Assess Capital Requirements
Evaluate the NBFC's current NOF, CRAR position, projected loan book growth and regulatory capital needs. Identify the funding gap by comparing available capital against the capital required to maintain the capital ratio applicable to the NBFC category at the target loan book size. Factor in buffer capital for business contingencies.
Step 2: Choose Funding Instrument
Select the optimal funding instrument based on the NBFC's scale category (Base/Middle/Upper Layer), credit profile, cost of capital, and ALM requirements. Equity for capital adequacy, debt for operational growth, securitization for capital recycling, or a combination. Each instrument has distinct regulatory, cost, and timeline implications.
Step 3: Obtain Regulatory Approvals
Identify the approvals, intimations and filings applicable to the chosen structure. Depending on the transaction, this may involve RBI review for control-related changes, SEBI or stock exchange documentation, MCA filings for allotment or debenture issuance, and authorised dealer bank reporting for eligible ECB transactions.
Facilitate investor or lender due diligence covering legal, financial, regulatory, and operational aspects. Provide access to audited financials, RBI inspection reports, loan book quality analysis, compliance records, governance framework, and management interviews. Address all queries transparently.
Step 6: Execute the Fund Raise
Close the transaction by issuing the approved instrument, receiving funds through the designated banking channel, completing KYC and AML checks, satisfying any trustee or exchange conditions and updating the NBFC's records to reflect the new capital structure.
Step 7: Post-Funding Compliance Filings
File all post-funding regulatory returns: Return of Allotment (PAS-3) with MCA within 15 days, RBI reporting on shareholding changes, ECB returns with AD bank, listing documents with stock exchanges, updated CRAR and ALM returns with RBI, and creation/modification of charge with ROC (for secured instruments).
Assistance for NBFC capital planning, documentation and filing readiness.
What Are the Documents Required for NBFC Funding?
The documents required vary based on the type of funding instrument. Here is a comprehensive list covering equity, debt, NCD, securitization, and ECB:
Document Category
Specific Documents
Applicable For
NBFC Identity
RBI Certificate of Registration (CoR), Certificate of Incorporation, PAN, MOA/AOA
Share Subscription Agreement, Shareholders' Agreement, Term Sheet, FEMA declarations
PE/VC, IPO, preferential allotment
Securitization Documents
Pool audit report, PTC offering circular, assignment agreement, servicer agreement
Securitization / Direct Assignment
ECB Documents
Loan agreement with non-resident lender, Form ECB, hedging confirmation, AD bank application
ECB / Masala Bonds
KYC & Compliance
KYC of all directors, promoters and significant shareholders, CKYC records, AML declarations
All funding types
Legal Opinions
Legal due diligence report, title search (for secured instruments), regulatory compliance certificate
Equity, NCD, Securitization
Regulatory Compliance for NBFC Funding:
NBFC funding involves compliance with multiple regulatory frameworks. Non-compliance can lead to supervisory restrictions, monetary penalties under the RBI Act and, in serious cases, registration-related consequences. Key compliance areas include:
Compliance Area
Regulatory Framework
Key Requirements
Capital Adequacy (CRAR)
RBI Scale Based Regulation
Capital ratio and Tier-I requirements as applicable to the NBFC category, with periodic computation and reporting to RBI
RBI change-in-control and management approval framework
Check whether prior RBI approval, fit and proper declarations, valuation support and FEMA reporting apply to the proposed acquisition or control change
MHP/MRR compliance, true sale verification, originator reporting, pool performance monitoring
IncorpX assists with post-closing compliance preparation, documentation review and filing coordination so that the NBFC can keep its RBI, SEBI and MCA reporting on track. Learn more about our NBFC annual compliance assistance.
Benefits of Professional NBFC Funding Assistance:
Professional assistance can help an NBFC organise its capital raise more efficiently, with clearer documentation and stronger compliance controls. Here is how IncorpX supports the process:
Capital Structure Review
Assessment of debt-equity mix, CRAR impact and ALM considerations so the NBFC can evaluate an appropriate funding structure.
Compliance Readiness
Assistance with mapping the applicable RBI, SEBI and MCA requirements before documentation and investor outreach begin.
Cost Visibility
Instrument-by-instrument review of likely pricing, rating and transaction requirements so that capital planning can be done on an informed basis.
Execution Support
Coordinated assistance for documentation, diligence, filings and closing steps based on the selected funding route.
Documentation Assistance
Support for pitch decks, valuation inputs, issue documents, trustee papers and compliance checklists relevant to the transaction.
Dedicated Coordination
A single advisory team coordinates documentation, filing readiness and transaction follow-up for the NBFC.
Get support for NBFC capital planning, documentation and compliance preparation.
Get assistance with company incorporation, MOA or AOA drafting, PAN, TAN and related MCA filing preparation for an NBFC venture.
Frequently Asked Questions About Funding in NBFC
Raising capital for an NBFC involves navigating RBI regulations, SEBI compliance and Companies Act provisions. These FAQs summarise the key points NBFC promoters, CFOs and directors usually review before selecting a funding route.
If you are exploring equity funding, NCD issuance, securitisation or ECB, the answers below provide a practical overview of NBFC funding in India.
NBFCs in India can raise capital through multiple channels such as equity funding (promoter capital, PE or VC investment, rights issue, preferential allotment or public markets where eligible), debt funding (bank loans, NCD issuance, commercial paper and subordinated debt), securitisation or direct assignment, and eligible external borrowings. The right mix depends on the NBFC's RBI classification, capital position, asset profile and investor readiness.
RBI applies category-specific NOF thresholds. Under the current glide path, NBFC-ICC must maintain ₹5 crore by 31 March 2025 and ₹10 crore by 31 March 2027. Existing NBFC-MFI and NBFC-Factors move from ₹7 crore by 31 March 2025 to ₹10 crore by 31 March 2027. NBFC-P2P and NBFC-AA continue at ₹2 crore, while NBFC-IFC and IDF-NBFC require ₹300 crore. The applicable threshold should be checked against the exact NBFC category before any fund raise or registration-related filing.
CRAR (Capital to Risk-Weighted Assets Ratio) measures an NBFC's capital against its risk-weighted assets. RBI prescribes a minimum capital adequacy requirement for regulated NBFC categories, commonly 15% with Tier-I capital of at least 10% for many NBFCs. Funding decisions should therefore be tested against the currently applicable RBI direction for the entity type and SBR layer.
Yes. NBFCs can issue NCDs through a public issue route under current SEBI issue and listing regulations or through private placement under the Companies Act, 2013 and applicable listing rules. Rating, disclosure, trustee appointment, demat, exchange and corporate approval requirements vary by issue structure, so the latest SEBI and RBI rules should be checked before launch.
Securitisation is the process of pooling loan assets and issuing securities such as Pass Through Certificates backed by cash flows from those assets. RBI's 2021 securitisation directions require compliance with Minimum Holding Period (MHP) and Minimum Retention Requirement (MRR) norms. The MRR is generally 5% for underlying loans with original maturity up to 24 months and 10% for longer-tenure pools. Securitisation can help an NBFC recycle capital and manage balance sheet growth when structured correctly.
Equity funding strengthens net worth and Tier-I capital, improves CRAR and does not require scheduled repayment, but it dilutes ownership. Debt funding such as bank loans, NCDs and commercial paper provides leverage without dilution, but it creates repayment obligations and interest cost. Most NBFCs aim for a balanced mix based on capital adequacy, ALM and growth plans.
Eligible NBFCs may access ECB or Rupee-denominated bonds under RBI's current ECB framework, subject to the applicable minimum average maturity, end-use restrictions, all-in-cost limits, lender eligibility and hedging requirements. Eligibility should be checked instrument-wise because the RBI framework can differ by NBFC category and use of proceeds.
Subordinated debt ranks below senior debt in repayment priority during liquidation. For NBFCs, subordinated debt with a minimum maturity of 5 years and compliance with RBI conditions can qualify as Tier-II capital. It can improve capital adequacy without equity dilution, subject to the cap on recognition within total capital.
RBI's Scale-Based Regulation framework differentiates between Base Layer, Middle Layer, Upper Layer and Top Layer NBFCs. Base Layer generally covers smaller non-deposit-taking NBFCs and certain exempt categories, while Middle Layer includes all deposit-taking NBFCs and many larger non-deposit-taking NBFCs with asset size of ₹1,000 crore and above. Prudential norms also cover CRAR, concentration limits, liquidity management, governance and reporting.
PE or VC investors usually participate through preferential allotment, secondary acquisition or other share subscription structures. Key issues include RBI approval requirements for certain acquisitions or transfers of control, fit and proper assessment, valuation, FEMA compliance for foreign investors and the commercial terms in the shareholders' agreement.
Only NBFCs specifically authorised by RBI as deposit-taking NBFCs can accept public deposits. The activity is governed by the Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 2016. Deposit limits, tenure, rating and reporting conditions apply, and most NBFCs remain non-deposit-taking.
Credit rating requirements vary by instrument. Commercial Paper currently requires a short-term rating of at least A3 under RBI's 2024 CP directions. NCD rating expectations depend on the issue structure and prevailing SEBI or exchange conditions, while bank loans and structured transactions follow lender- or investor-specific credit assessment. A current rating report is often central to pricing and investor comfort.
Co-lending is a model where an NBFC partners with a bank to jointly originate and hold loans. Under RBI's Co-Lending Model framework, the bank generally keeps at least 80% of each eligible loan and the NBFC holds at least 20%. This can improve funding access, balance sheet efficiency and reach, subject to a board-approved policy and documented operating arrangement.
Key documents usually include:
Information memorandum or pitch deck covering the business model, growth projections and financials
Audited financial statements for the last 3 years or the available track record
RBI Certificate of Registration
Valuation report from a registered valuer where required
Due diligence materials covering legal, financial and regulatory matters
Board and shareholder approvals
Shareholders' and subscription documents
FEMA declarations for foreign investors where applicable
The timeline varies by funding type. Bank loans can take about 4 to 8 weeks, private placement NCDs about 6 to 10 weeks, public NCD issues several months depending on documentation and approvals, PE or VC equity around 2 to 4 months, securitisation about 4 to 8 weeks and ECB readiness often 6 to 10 weeks. Actual timing depends on investor diligence, issue structure and regulatory filings.
ALM is the practice of matching the maturity profile of an NBFC's assets with its liabilities. RBI expects NBFCs to maintain structured ALM monitoring and reporting. Funding long-tenure assets with short-term liabilities can create liquidity risk, so every capital raise should be reviewed for tenure, refinancing exposure and liquidity impact.
A newly registered NBFC may find institutional debt harder to access because investors and lenders usually look for seasoning, governance controls and portfolio quality. Early-stage funding often begins with promoter equity, qualifying subordinated debt or closely negotiated bank facilities, followed by larger market instruments once the NBFC builds a track record and maintains timely NBFC compliance.
Public NCD issues must be tested against the latest SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, stock exchange requirements and the issuer's financial track record. Eligibility depends on current disclosure, rating, trustee, demat, default history and offer-document conditions. Older rule-of-thumb thresholds should not be relied upon without checking the latest SEBI framework.
IncorpX assists with capital structure planning by reviewing target loan book growth, applicable capital adequacy requirements, funding mix, ALM impact, investor documentation and transaction readiness. Our role is advisory and process-oriented: we help you prepare for lender or investor discussions, documentation and compliance steps; we do not provide lending capital directly.
A Debenture Trustee protects the interests of debenture holders and is generally required for listed or public NCD structures. The trustee monitors compliance with the trust deed, security creation where applicable, reporting obligations, payment terms and enforcement steps in the event of default. The exact documentation package depends on the issue structure and the latest SEBI requirements.
Our assistance package for preliminary capital planning, documentation review and transaction-readiness support starts at ₹24,999. Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals. Instrument-specific work such as extended NCD documentation, structured transactions or investor coordination may be scoped separately after review.
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Jay R
4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
M
Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
R
Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
A
Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
R
Ramesh Babu
4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
P
Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
B
Balaji Gutte
4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
D
Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
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