Fi Section L Finance

NIC 2025 MoSPI source

NIC Class 6493 - Factoring Activities

NIC Class 6493 covers Factoring Activities. This is the main comparison layer for deciding which specific six-digit Sub-class best fits the real activity described in Udyam, MCA or MSME workflows. It currently opens...

Key Facts

Class 6493 at a Glance

Code 6493

Official title Factoring Activities

Version NIC 2025

Source authority MoSPI

Section L - Financial and insurance activities

Division 64 - Financial service activities, except insurance and pension funding

Group 649 - Other financial service activities, except insurance and pension funding activities

Class 6493 - Factoring Activities

Level Class

Depth 4/5

Children 1

Last verified 2026-04-21

Hierarchy tree

649300

Activities of specialised factoring company or other financial organization engaged in recourse or non-recourse factoring i.e. the activity of purchasing accounts receivable (invoices) from third parties at a discount (factoring).

Practical Summary

What Class 6493 Covers

Class 6493 is the final decision layer before six-digit Sub-classes such as undefined undefined. Compare the child pages before using a code in a filing.

Where Used In Practice

Where Class 6493 Is Used

Class 6493 is used when the final six-digit code is not obvious and official notes or child Sub-classes need to be compared.

Udyam and MSME code research
Company or LLP registration preparation
Business activity shortlisting before filing
Internal classification and vendor profiling

How To Choose

How to Narrow Down From Class 6493

Review every child Sub-class under Class 6493. If the wording is still broad, open the six-digit child pages before using a code in registration.

Official note

Class note from the source layer

This class covers the activity of purchasing accounts receivable (i.e., invoices) from third parties at a discount. This class excludes: - debt financing undertaken with account receivables as collateral, see 6495

In this section

6491

Financial Leasing

6492

International trade financing activities

6493

Factoring Activities

6494

Securitisation

6495

Other credit granting activities

6499

Other financial service activities n.e.c., except insurance and pension funding activities

← 6492 6494 →

Common Questions About NIC 6493

Which businesses fall under NIC 6493?

Start here when the business belongs to factoring activities and then compare child entries such as undefined undefined.

Is NIC 6493 a final filing code?

No. This is a hierarchy page. Continue to the six-digit Sub-class before using a code in registration or compliance records.

How do I verify that NIC 6493 is correct before filing?

Check the parent hierarchy, compare 6491 Financial Leasing, 6492 International trade financing activities, 6494 Securitisation, and confirm that the official title matches the main revenue activity. For regulated or filing-critical decisions, verify the source row in the MoSPI dataset.

What happens if I use the wrong NIC code in Udyam or MCA registration?

A wrong code can cause mismatched business descriptions, follow-up questions or later compliance cleanup. It is better to compare nearby codes before filing than to correct a weak classification later.

Is there a legacy NIC 2008 equivalent for NIC 6493?

Use the legacy converter only as a migration aid. Old NIC 2008 matches can suggest where to look, but NIC 2025 should remain the primary reference for new code selection.

NIC 2026 guidance

How to move from Class 6493 to the right Sub-class

NIC 6493 is an intermediate hierarchy page, not usually the final code used in a filing. Use it to compare child entries, read the nearby-code context and move toward the most precise six-digit Sub-class. If the child list contains several similar activities, open each candidate page and compare the wording against the business's real operating model.

Data Source and Verification Date

Source layer

Official NIC 2025 Excel and PDF from MoSPI.

Last verified

2026-04-21 from the generated NIC 2025 source layer used in this build.

Disclaimer

This is an independent reference tool. Verify filing-critical decisions in official sources.