Xiaomi looks to enter India's NBFC sector, says report
Updated : October 15, 2018 08:38 AM IST
The new company will be called Xiaomi Financial Services India and will seek the Reserve Bank of India’s nod to operate as an NBFC, the report said.
Data from the Registrar of Companies (RoC), accessed by the paper, showed the company was incorporated on October 10 as a subsidiary of Xiaomi Finance HK Ltd and Xiaomi Singapore Fintech.
The directors will include Xiaomi Corp cofounder Feng Hong and Xiaomi India MD Manu Kumar Jain, according to the report.