The main objects and activities of Jayabharat Credit Ltd (JCL) being investment and finance hire-purchase and leasing it used to underwrite all kinds of general insurance business till Dec.'1987. It started hire-purchase and financing activities since May 1989. From 1981 the company commenced leasing operations. In 1988 the company ceased to be a subsidiary of New India Assurance company. During 1990-91 the company acquired its present name from Jayabharat Credit & Investment Company. In 1995-96 company secured registration from SEBI to act as Category I Merchant Banker. In 1996-97 the company got the rating 'MA' from M/s ICRA Ltd which denotes adequate safety ie timely servicing of interest and principal.During the year 1999-2000 the company promoted Jayabharat Automobiles Ltd jointly with the Motor & General Finance Ltd with equity participation.The Company's Capital Adequacy Ratio is 30.35% as against the minimum requirement of RBI's 12% as on March 2001.