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Sakthi Finance Ltd.

BSE: 511066 Sector: Financials
NSE: SAKTHIFIN ISIN Code: INE302E01014
BSE LIVE 15:52 | 16 Oct 39.90 -2.50
(-5.90%)
OPEN

41.50

HIGH

44.75

LOW

39.05

NSE 00:00 | 22 May Stock Is Not Traded.
OPEN 41.50
PREVIOUS CLOSE 42.40
VOLUME 30761
52-Week high 51.00
52-Week low 27.75
P/E 11.57
Mkt Cap.(Rs cr) 200
Buy Price 39.90
Buy Qty 10.00
Sell Price 0.00
Sell Qty 0.00
OPEN 41.50
CLOSE 42.40
VOLUME 30761
52-Week high 51.00
52-Week low 27.75
P/E 11.57
Mkt Cap.(Rs cr) 200
Buy Price 39.90
Buy Qty 10.00
Sell Price 0.00
Sell Qty 0.00

Sakthi Finance Ltd. (SAKTHIFIN) - Company History

Promoted by N Mahalingam in 1955 as The Pollachi Credit Society Pvt Ltd, the name was changed to Sakthi Finance (SFL) in 1967. N Mahalingam is the chairman, and M Balasubramaniam is the managing director. SFL is in the business of mobilising deposits, hire-purchase financing and leasing of vehicles, machinery, mortgage financing, renting out safe deposit lockers, etc. In Apr.'93, it came out with a rights issue of 32.1 lac equity shares (premium : Rs 20), aggregating Rs 9.63 cr. The issue was to partly meet the Rs 66 cr required for deployment in hire-purchase and leasing. SFL has drawn out plans to increase deployment further. It will lay more emphasis on truck finance as demand for commercial vehicles is showing an upward trend. SFL is a category-I merchant banker and has received a licence from SEBI in 1994. Hire-purchase is the company's principal line of business. The total deposits with the company as on 31.03.2001 stood at Rs.115.38 crores as against Rs.126..34 crores in the previous year.