The Company was incorporated on 19-04-1993 having been promoted by
Mr.K.V.Aiyappan, Mrs.Abiraami Arunachalam and Mr.Teckchand H.Vaswani.
The Company obtained Certificate of Commencement of Business on 13-05-1993.
The Company’s main business are Hire purchase, Leasing and Lending Money against
Securities, Movable and immovable properties. The Company’s Shares are listed
in the Madras Stock Exchange Limited and Bombay Stock Exchange Limited.
The Company is a Non-Banking Financial Company registered with Reserve
Bank of India. On 18-06-2003, the Reserve Bank of India classified the
company as a Category ‘B’ NBFC Company. The company is not accepting Public
Deposits.The Company has no Subsidiary Companies.
Mr.K.V.Aiyappan is the Chairman of the Company. Presently there are Nine Directors in the Board of the Company.
The Overall Management of the Company vests with the Board of Directors
comprising of persons with Experience in Banking, Business and Industry.
The company has been built on high standards of integrity, fair business
practices, efficient, safe and trusted financial policies.
The Executive Director under the overall supervision, control and direction of the Board of Directors looks after the day-to-day operations of the Company.