Rapid Investments Limited, established on February 2, 1978, is a company known for its mortgage loan services, especially in semi-urban and rural areas, primarily in the state of Rajasthan, India. Despite being a leading mortgage loan provider since 2017-18 with over 10 branches, the company faced regulatory challenges when the Reserve Bank of India (RBI) cancelled its Non-Banking Finance Company (NBFC) registration on July 5, 2018, due to non-compliance with the minimum net owned funds requirement.
Currently, Rapid Investments is focused on expanding its branch network in Rajasthan and strengthening its existing branches to boost loan growth, demonstrating its commitment to serving underserved markets despite past regulatory hurdles.
