NIC 642201 classifies activities of captive financial institutions involved in intragroup lending. companies wholly owned subsidiary of the manufacturer that provides b2b and/or b2c financing to purchasing the parent...
2 of 4 factors passing
NIC 642201 is the final six-digit endpoint for Activities of captive financial institutions involved in intragroup lending. Companies wholly owned subsidiary of the manufacturer that provides B2B and/or B2C financing to purchasing the parent companies' products and services. It should be selected only when the enterprise's primary manufacturing activity matches this title more closely than 642202 Activities of Brass Plate Companies i.e., units that are owned (directly or indirectly) by a non-resident unit, of which large part of the balance sheet consists of claims and liabilities towards non-resident units, and that have few or no employees and little or no physical presence in the jurisdiction of incorporation, 642299 Activities of other financing conduits n.e.c..
Choose 642201 only when operations, invoices and revenue narrative align with Activities of captive financial institutions involved in intragroup lending. Companies wholly owned subsidiary of the manufacturer that provides B2B and/or B2C financing to purchasing the parent companies' products and services. If the activity also includes 642202 Activities of Brass Plate Companies i.e., units that are owned (directly or indirectly) by a non-resident unit, of which large part of the balance sheet consists of claims and liabilities towards non-resident units, and that have few or no employees and little or no physical presence in the jurisdiction of incorporation, 642299 Activities of other financing conduits n.e.c., compare those pages before filing.
Use the code that matches the service actually provided. Financial intermediation, insurance, real estate, legal, accounting, consulting, engineering, advertising and R&D are separated into different professional service families.
Usually the firm's own service determines the NIC code, not the client's industry. For example, a consultant serving manufacturers is still a consulting or professional service business if advice is the revenue activity.
Check the parent hierarchy, compare 642202 Activities of Brass Plate Companies i.e., units that are owned (directly or indirectly) by a non-resident unit, of which large part of the balance sheet consists of claims and liabilities towards non-resident units, and that have few or no employees and little or no physical presence in the jurisdiction of incorporation, 642299 Activities of other financing conduits n.e.c., 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.
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.
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 642201 should be selected only when the official title matches the main revenue-generating activity. If the business also trades, transports, processes, installs or supports the same product or service, compare nearby NIC pages before filing. This reduces the risk of choosing a code that describes the product being handled rather than the activity your enterprise actually performs.
Official NIC 2025 Excel and PDF from MoSPI.
2026-04-21 from the generated NIC 2025 source layer used in this build.
This is an independent reference tool. Verify filing-critical decisions in official sources.