Ombudsman Scheme for NBFC


Ombudsman Scheme salient features

  • Copy of scheme is available with Principal/ Nodal Officer of SICOM Ltd.

  • योजना की प्रति लिपि सिकोम लि. के नोदल अधिकारी / प्रधानअधिकारी के पास उपलब्द्दहै।

  • मुख्य अधिकारी / नोडल अधिकारी यांच्याकडे योजनेची प्रत उपलब्ध आहे.


Policy for providing relief to customer(s) having regard to the widespread impact of COVID-19 pandemic and in terms of the directions issued by RBI vide circular dated the March 27, 2020.
The Board of Directors of SICOM Ltd has approved a Policy for providing relief to customer(s) having regard to the widespread impact of COVID-19 pandemic.

The salient features of the policy are as under:

1. Rescheduling of Payments –

Term Loans* In respect of all term loans, SICOM Ltd shall grant a moratorium of three months on payment of all instalments (Principal and/or interest components ) falling due between March 1, 2020 and May 31, 2020. The repayment schedule for loans as also the residual tenor, will be shifted across the board by three months after the moratorium period. Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium period.

2. Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA)*

2.1 Since the moratorium is being provided specifically to enable the borrowers to tide over economic fallout from COVID-19, the same will not be treated as concession or change in terms and conditions of loan agreements due to financial difficulty of the borrower under paragraph 2 of the Annex to the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions, 2019 dated June 7, 2019 (“Prudential Framework”). Consequently, such a measure, by itself, shall not result in asset classification downgrade.
2.2 The asset classification of term loans which are granted relief as above shall be determined on the basis of revised due dates and the revised repayment schedule. Similarly,the SMA status shall be evaluated considering the revised terms, as provided above.

3. Reporting to Credit Information Companies*

The rescheduling of payments, including interest, will not qualify as a default for the purposes of supervisory reporting and reporting by SICOM Ltd to Credit Information Companies (CICs). In the event of any discrepancy in the policy as above and the provisions of the above referred RBI Circular dated the March 27, 2020, the provisions of the said RBI circular shall prevail. Clients may seek further clarification, if any from the official of SICOM LTD, dealing with their case. Managing Director, SICOM Limited

Accounts: Senior Manager / Manager

Legal: Assistant Manager II (2 Years Contract)

                                                                                   * Kindly restrict attachment size to 2MB


Position: Senior Manager / Manager (Accounts) 

Functional Area Accounts
Educational Qualification Chartered Accountant (CA)
Minimum Experience 5 to 10 years
Skills required Problem Solving Abilities, Leadership Skills and Strategic Vision, Strong Work Ethic
Roles and responsibilities
  • • Responsible for accurate and timely reporting of financial information (under Ind AS) of the SICOM.
  • • Establish accounting policies and procedures as required (Review of policies from time to time)
  • • Compliance with financial regulations and standards as applicable. Compliance and Practical experience in NBFC compliances as stipulated by RBI
  • • Financial accounting, management accounting and taxation for the company and Balance sheet planning and finalization (standalone and consolidated)
  • • Statutory audit for standalone and consolidated financials, tax audit
  • • Tax planning, direct and indirect tax, tax returns, tax assessment and refund
  • • RBI returns(NBS-7 & Quarterly returns on financial parameters), RBI inspections
  • • RBI reporting of Cash Transaction Report/ Suspicious Transaction Report under PMLA, Fraud reporting 
  • • Coordination with other departments for RBI 
  • • Financial planning, budgeting, capital management and reporting expected and actual financial position
  • • Assessment of financial risk and develop strategies to mitigate the same
  • • Experience in Financial Sector/ NBFCs
Reporting to Managing Director (MD)
CTC offered Compensation will not be a limiting factor for the right candidate
To apply This email address is being protected from spambots. You need JavaScript enabled to view it. 



Position: Assistant Manager II (2 Year Contract), Legal

Functional Area Banks/NBFs/Financial institution/law firms
Educational Qualification LL.B, LL.M
Minimum Experience 2 to 5 years
No of Vacancies 2
Skills required Candidate should have a degree in law with minimum 2 to 5 years of experience with any NBFC/bank/financial institution/law firms. The candidate should be capable of ensuring legal compliance while granting loans , well versed with loan & security documentation and recovery of difficult accounts through various legal actions. He/ she is also expected to represent the company in various court. The Candidate is expected to have knowledge of laws relating to lending and recovery i.e Transfer of Property Act 1882, Indian Contract Act 1872, Negotiable Instrument Act 1881, SARFAESI Act, 2002, NCLT/NCLAT and DRT / DRAT Procedures. The candidate should have computer proficiency.
Roles and responsibilities
  • • To draft & scrutinize the loan documentation including security documents as well loan closure documents
  • • Taking Legal actions against defaulting borrowers
  • • To draft and issue notices u/s 138 of Negotiable Instruments Act, Demand Notices, Recall Notices, Notices u/s 13 (2) of SARFAESI Act, Takeover Notices, Winding up Notices, Replies, Letters, Correspondences etc.
  • • To draft Possession Notice, Public Auction Notice and getting it published in the newspaper.
  • • Vetting of Original Applications, Securitization Applications, Company Petitions, Writ Petitions, Suits, Appeals, Revision Applications, Affidavits, Replies, Say, Written Statements, etc.
  • • To Report/Update Charges/Mortgages with the Central Registry (CERSAI).
  • • Registration of mortgage/charge documents with concerned Sub-Registrar/s & RoC.
  • • Maintain and update legal MIS/Data/ Records/ Register/Files
  • • Appearance before concerned Court/ authorities for all cases related to SICOM and its employees as and when required or directed.
  • • Assistance for statutory and legal requirements.
Reporting to Legal Head
CTC offered Compensation will not be a limiting factor for the right candidate
To apply This email address is being protected from spambots. You need JavaScript enabled to view it. 




Appraisal related submissions should be made strictly to following officials:

1) Shri Nitin Mahajan
Senior Manager (Advisory)
Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel (Direct) : +91-22-66572885

In case of any issues

Managing Director
may be approached directly
Email :This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel (Board) : +91-22-66572700


An Institution ready to go where others dare not

  • Mega Industrial projects in the State which have helped in making Maharashtra the premier destination for industry like Reliance, IPCL Nagothane Complex Bajaj Auto, Ashok Leyland, Mahindra & Mahindra, Kinetic Engineering, Grasim, HLL etc. would not have been possible without SICOM
  • SICOM has helped transform small cities like Aurangabad, Mahad, Nagpur and Nashik into booming industrial centres
  • SICOM has promoted State-level development institutions like CIDCO etc.
  • Investment in joint ventures like Maharashtra Elektrosmelt, Noble Explochem, Lorcom Protectives Siroplast etc. for the industrialisation of remote areas in Maharashtra

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