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NIC 2025 MoSPI source

NIC Group 642 - Activities of holding companies and financing conduits

NIC Group 642 covers Activities of holding companies and financing conduits. It clusters closely related business activities and helps users compare nearby Classes before picking a final NIC code for registration or...

Level Group
Depth 3/5
Children 2
Last verified 2026-04-21
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Related NIC codes in this branch

Compare nearby hierarchy entries before choosing a code for a registration or business workflow.

Class 6421
Activities of holding companies
 Class 6422
Activities of financing conduits
 Group 641
Monetary intermediation
 Group 643
Activities of trusts, funds and similar financial entities
 Group 649
Other financial service activities, except insurance and pension funding activities
 Division 64
Financial service activities, except insurance and pension funding
 Section L
Financial and insurance activities
 Group 651
Insurance
 Group 652
Reinsurance
 Group 653
Pension funding
 Group 661
Activities auxiliary to financial services, except insurance and pension funding
 Group 662
Activities auxiliary to insurance and pension funding
Practical Summary

What Group 642 Covers

Group 642 separates activities of holding companies and financing conduits into Classes such as 6421 Activities of holding companies, 6422 Activities of financing conduits. This is where similar business models start to diverge before final code selection.

Where Used In Practice

Where Group 642 Is Used

Group 642 is useful when a filing team has already chosen the Division and needs to separate nearby operating models before moving to Class pages.

  • 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 Group 642

Use Group 642 to remove close but incorrect options. If two Groups look similar, compare child Classes and the actual revenue-generating activity.

Common Questions About NIC 642

Which businesses fall under NIC 642?

Start here when the business belongs to activities of holding companies and financing conduits and then compare child entries such as 6421 Activities of holding companies, 6422 Activities of financing conduits.

Is NIC 642 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 642 is correct before filing?

Check the parent hierarchy, compare 641 Monetary intermediation, 643 Activities of trusts, funds and similar financial entities, 649 Other financial service activities, except insurance and pension funding activities, 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 642?

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 Group 642 helps narrow your NIC search

NIC 642 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.