You are here » Home » Companies » Company Overview » Apple Credit Corporation Ltd

Apple Credit Corporation Ltd.

BSE: 511339 Sector: Financials
NSE: APPLECREDT ISIN Code: INE212A01013
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

Apple Credit Corporation Ltd. (APPLECREDT) - Company History

Apple Credit Corporation (ACCL) was incorporated on 28 Sep.'88 as Apple Credits Corporation, a public limited company, in Madras. The name was changed to Apple Credit Corporation from 1 Jun.'89. ACCL was promoted by Apple Industries (formerly known as Apple Leasing and Industries). It is engaged in hire purchase, leasing and other financial services. The company has already set up a branch/representative office network with adequate infrastructure to achieve business targets and to tap the public deposit market. T N Padmanabhan is the chairman of the company. ACCL came out with a public issue of 60 lac equity shares at a premium of Rs 20, aggregating Rs 18 cr, in Nov.'92, for its long-term fund requirements (Rs 32.32 cr). To widen the scope of its services, it has set up a project consultancy cell managed by experienced professionals in banking and institutional finance. ACCL has established a position of leadership in car finance and made significant progress in heavy vehicle finance, in addition to corporate finance and trade finance. During the year 2000-01,considerable effort was taken to find a strategic partner which has resulted in the chennai based Shriram Group confirming their interest in a merger with one of their group companies, after the restructuring plan is approved by the lenders to the company.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard