Eversource Capital-backed Ecofy gets NBFC licence
Nov 2022 Other
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Mumbai: Eversource-promoted Accretive Cleantech Finance Private Ltd, operating as Ecofy, on Thursday said it has received regulatory approval from the Reserve Bank of India (RBI) to operate as a non-deposit taking non-banking financial company (NBFC). This makes Ecofy one of its kind green retail NBFC in the country, the company said in a statement
Ecofy is promoted by Eversource Capital, a climate impact investor along with NBFC industry professionals Rajashree Nambiar (former chief executive of Fullerton India Credit Company Ltd.) and Govind Sankaranarayanan (former group chief operating officer and chief financial officer, Tata Capital Ltd).