Avon Mercantile Ltd. is one of the NBFCs, promoted by its first subscribers, Smart Bharat Private Limited and Oasis Cineplex Private Limited. The Company since its incorporation is engaged in the activities of investment, providing inter-corporate deposits, short-term loans and advances to its Group Companies. The Company was incorporated in January 21, 1985 and is registered under Section 45-IA of the Reserve Bank of India Act, 1934, as Non-Banking Financial Company. The Company being a Non-Banking Finance Company obtained a Certificate of Registration from the Reserve Bank of India to carry on such business.