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Motor & General Finance Ltd.

BSE: 501343 Sector: Financials
NSE: MOTOGENFIN ISIN Code: INE861B01015
BSE 00:00 | 18 Feb 45.00 3.85
(9.36%)
OPEN

44.95

HIGH

45.00

LOW

44.95

NSE 00:00 | 18 Feb 42.00 -1.00
(-2.33%)
OPEN

41.15

HIGH

43.90

LOW

39.00

OPEN 44.95
PREVIOUS CLOSE 41.15
VOLUME 2
52-Week high 66.00
52-Week low 33.15
P/E 1125.00
Mkt Cap.(Rs cr) 87
Buy Price 42.00
Buy Qty 200.00
Sell Price 49.00
Sell Qty 50.00
OPEN 44.95
CLOSE 41.15
VOLUME 2
52-Week high 66.00
52-Week low 33.15
P/E 1125.00
Mkt Cap.(Rs cr) 87
Buy Price 42.00
Buy Qty 200.00
Sell Price 49.00
Sell Qty 50.00

Motor & General Finance Ltd. (MOTOGENFIN) - Company History

Formed in 1930 as a small company to introduce automobile hire-purchase, The Motor and General Finance (MGF) grew to become the MGF group. MGF group has five more companies in its fold of which Motor and General Finance is the flagship company. In the last 60 years, MGF group has expanded and diversified into the leasing of construction, mining and other equipments. International Finance Corpoartion, an affiliate of the World Bank, has co-promoted a company along with MGF, under the name India Lease Development. MGF is engaged in the hire purchase of all types of transport vehicles, mainly of TELCO. The company has emerged as one of the largest TELCO dealers in the country, with particular emphasis on Kerala and Tamilnadu. The company diversified into financing earth moving equipments for the construction and mining industries. The company diversified into new areas such as merchant banking, insurance, housing finance, stock brokerage, asset management, corporate advisory services, single-point fund management for corporate clients and extension of factoring to both consumer and industrial debts. MGF floated a company with Citicorp Securities and Investments (CSIL), an associate of Citibank, to offer scientifically developed collection systems.