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RELIANCE COMMERCIAL FINANCE SERVICES
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Reliance Commercial Finance Limited (RCFL) was a significant entity within India's financial services sector and a subsidiary of Reliance Capital. Established to cater to the financing needs of underserved segments, its primary focus was on asset-backed lending and providing financial solutions to Small and Medium Enterprises (SMEs), including business expansion loans, working capital loans, and loans against property. Following severe financial distress and defaults at its parent company, Reliance Capital, the Reserve Bank of India (RBI) initiated insolvency proceedings. As part of this resolution, Authum Investment and Infrastructure Ltd. acquired RCFL in 2022, and the company has since ceased to operate as an independent brand under the Reliance Group.
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