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Morarka Finance Ltd.

BSE: 511549 Sector: Financials
NSE: N.A. ISIN Code: INE367A01015
BSE 00:00 | 14 May 29.20 0
(0.00%)
OPEN

29.20

HIGH

29.20

LOW

29.20

NSE 05:30 | 01 Jan Morarka Finance Ltd
OPEN 29.20
PREVIOUS CLOSE 29.20
VOLUME 200
52-Week high 51.40
52-Week low 23.15
P/E 6.06
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 29.20
CLOSE 29.20
VOLUME 200
52-Week high 51.40
52-Week low 23.15
P/E 6.06
Mkt Cap.(Rs cr) 13
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Morarka Finance Ltd. (MORARKAFINANCE) - Company History

Morarka Finance Limited is the Leading Non Banking Finance Company (NBFC) from the Morarka Group. It has undertaken series of initiatives to diversify its traditional business activities. Its growth has been composite. At present it is engaged in the activities related to the Portfolio Management which includes Investment in Securities, Corporate Advisory Services, Advancing of Loans. Morarka Finance Limited has a long experience in trading of securities/equities which is evident in the successive achievements which reflect in the companys timeline today. MFL is known to be a very safe and sound investor and securities trading company which conducts its business combining the old world wisdom with the new age technologies and tools. Quality research and analysis, coupled with a vast experience and a sound financial backing make MFLs investments relatively safer, even during the periods when the market sentiment is not so favourable. The company was originally incorporated as Morarka Holdings Limited vide certificate of Incorporation No. 11-35632 (now CIN No.U 67120 MH 1985 PLC 035632) dated March 15, 1985 with Registrar of Companies, Maharashtra at Mumbai and received the Certificate for commencement of business on March 15th 1985. The name of the Company has been changed to Morarka Finance Limited on May 28th 1993. The Company commenced its business in 1985 with an initial capital of Rs. 44 Lacs identifying investment activities (Trading and marketable securities) as its core business. The same continued to be the sole activity until 1992 when the Company made a foray into other related activities including Merchant Banking and OTCEI trading. The capital base was also enhanced to Rs. 157 Lacs in the year 1993-94 to meet the requirements of its expanded business. The Company also worked as a Category II Merchant Banker and in that capacity provided its services in the capacity of Co-Manager for some of the Public Issues. The Company has underwritten over Rs. 7 Crores worth of issues. At times the Company also worked as an authorized agent of the American Express Bank for the Issue of Travelers Cheque. The Company was also holding a license from the RBI. The Company made its Initial Public Offer of Equity Shares in 1994 to augment resources to meet the needs of its planned growth, which was a major success. The Companys shares are listed on the Stock Exchange, Mumbai (BSE). The Company has been promoted by Mr.G.R.Morarka. During our long stint with the stock markets, we have acquired all the knowledge and every possible skill to help investors gain from the markets. Nature of the stock markets is considered highly volatile which makes it necessary for ordinary investors to have access to people with expertise in finance and trade. MFL has emerged as one such institution where such expertise is painstakingly honed and nurtured for the benefit of our clients and associates. Morarka Finance has enjoys a rich tradition transparency and morality. It is always forthcoming in implementing the guidelines of SEBI, The Ministry of Corporate Affairs and other statutory/regulatory bodies. Even though the company has its own, independent setup, an easy access to the collective expertise of associated companies of the parent group often come as a boon making it a stronger player in the market.