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Himgiri Fincap Ltd.

BSE: 531827 Sector: Financials
NSE: N.A. ISIN Code: N.A.
BSE 05:30 | 01 Jan Himgiri Fincap Ltd
NSE 05:30 | 01 Jan Himgiri Fincap Ltd

Himgiri Fincap Ltd. (HIMGIRIFINCAP) - Company History

The company was incorporated in Mar.'96 under the name of Himgiri Leasing Limited. It obtained certificate of Commencement of Business in Oct.'94. The name of the company was changed to Himgiri Fincap Limited in Apr.'95. It has been promoted by Mr. Kamlesh Kumar Goel and Mr. Yogesh Chandra Goel. The company is mainly engaged in the activities of investment in primary and secondary market. The company proposes to expand and undertake the activites such as stockbroking, underwriting and advisory services. It came out with a public issue of 25 Lakhs equity shares in Apr.'96. During the year 1995-96 the company applied for Category - I Merchant Bankers licence and the Securities and Exchange Board of India approved the application subject to fulfilling the capital norms by achieving minimum net worth of Rs 5 crores. During 1996-97 the company came out with a public issue and achieved the net worth of more than Rs. 5 crores but due to loss of investors confidence in the preimary markets in India, the new issues recorded a steep fall both in terms of number and amount and it became extremely difficult for the Category -I Merchant Bankers to survive and the company has postponed this line of business. During the year 1999-2000, the company recorded a NP of Rs 0.16 cr as compared to just Rs 32,050/- in the previous year.