Radiant Cash Management Services Limited (RADIANTCMS) has clarified media reports regarding its potential entry into the Non-Banking Financial Company (NBFC) business. In a communication dated December 25, 2025, the company stated that while it may consider entering the NBFC space in the long run over the next three years, no such proposal or decision has been considered by the Board of Directors as of date. The company's Chairman and Managing Director, David Devasahayam, indicated to The Times of India that options such as acquisitions would be explored for the NBFC venture, and the company is focusing on internal accruals for this financial institution venture. This strategic consideration comes a year after the company forayed into the B2C space with its 'insta credit' vertical and its recent expansion into the fintech business through the acquisition of Aceware Fintech Services. The company aims to leverage its extensive network, which covers all districts in India across more than 14,000 pin codes, for its potential NBFC operations. RADIANTCMS currently dominates the retail cash management segment, handling approximately 40% of the total ₹4 trillion managed annually in the space.
