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United Credit Ltd.

BSE: 531091 Sector: Financials
NSE: N.A. ISIN Code: INE858C01027
BSE 13:53 | 16 Jan 15.85 0.65
(4.28%)
OPEN

14.70

HIGH

15.85

LOW

14.50

NSE 05:30 | 01 Jan Stock Is Not Traded.
OPEN 14.70
PREVIOUS CLOSE 15.20
VOLUME 1744
52-Week high 22.45
52-Week low 11.50
P/E 9.66
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 15.85
Sell Qty 20.00
OPEN 14.70
CLOSE 15.20
VOLUME 1744
52-Week high 22.45
52-Week low 11.50
P/E 9.66
Mkt Cap.(Rs cr) 8
Buy Price 0.00
Buy Qty 0.00
Sell Price 15.85
Sell Qty 20.00

United Credit Ltd. (UNITEDCREDIT) - Company History

United Credit Limited is an India-based company. The Company is engaged in non-banking financial activities. The principal business of the Company is hire purchase, leasing, consumer financing, investment and capital market operation. United Credit Limited (UCL) is the successor to the erstwhile United Bank of India Limited (UBIL).Consequent upon nationalization of the banking sector, the undertaking of UBIL became vested in the corresponding new bank, United Bank of India. And, by way of a scheme of amalgamation approved by the Honble High Court at Calcutta by an Order dated 23.8.1974, UBIL was mergedwith UCDCL, and, the assets and liabilities of United Bank of India Limited were acquired by UCDCL, in 1989 Mr. Ravi Poddar took over the management of the Company. The Company is mainly divided operationally into the lease, hire purchase, consumer financing, investment and capital market operation. The overall management of the Company is vested in the Board of Directors of the Company. As of March 31, 2010, the Companys investments included Daikaffil Chemicals India Ltd, Kermex Micro Systems (I) Ltd, Tayo Rolls Ltd, Jai Prakash Associates Ltd, GTN Industries Ltd, U. B. Engineering Ltd, Unity Infra Projects Ltd, Era Infra Engineering Ltd, Jai Corporation Ltd, Bharati Shipyards Ltd, Engineers India Ltd, Hotel Leela Venture Ltd, Electro Steel Castings Ltd, Nectar LifeSciences Ltd, Gujarat Mineral Development Corpn.Ltd, Zicom Electronics Security Systems Ltd, IOL Netcom Ltd and Usher Agro Ltd.