DCM Financial Services Ltd

DCM Financial Services Ltd

Incorporated in Feb.'91 and promoted by the DCM group DCM Financial Services (DFSL) started its auto-finance business in Mar.'94. DFSL has been granted category-I merchant banking registration by SEBI. It offers well-diversified portfolio services equipment leasing hire-purchaseinter-corporate deposits bill discounting etc to its fast-growing list of clients. To augment its long-term resources strengthen its merchant banking activities and expand its fund-based activities an equity issue at a premium was made in 1994-95. The company's post-issue equity stands at Rs 12.94 cr and net worth at Rs 23.74 cr. Its future plans include financing DCM-Daewoo cars. The other areas of focus are merchant banking and financial advisory services. Portfolio management services for individual investors is also on the cards. In 1995-96 the credit rating of the company was upgraded to the high-safety - AA - category from the level of adequate safety. During the year the branch network was expanded and strengthened to achieve better access in the market.During 2000-2001 the company had entered into IT related activities and the income generated from the fields are such as Technical support servicesERP implementation and other IT related activities.