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Sakthi Finance Ltd.

BSE: 511066 Sector: Financials
NSE: SAKTHIFIN ISIN Code: INE302E01014
BSE 00:00 | 27 May 23.95 1.45
(6.44%)
OPEN

22.50

HIGH

24.75

LOW

22.50

NSE 05:30 | 01 Jan Sakthi Finance Ltd
OPEN 22.50
PREVIOUS CLOSE 22.50
VOLUME 13350
52-Week high 32.50
52-Week low 14.55
P/E 16.29
Mkt Cap.(Rs cr) 155
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.50
CLOSE 22.50
VOLUME 13350
52-Week high 32.50
52-Week low 14.55
P/E 16.29
Mkt Cap.(Rs cr) 155
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Sakthi Finance Ltd. (SAKTHIFIN) - Company History

Promoted by N Mahalingam in 1955 as The Pollachi Credit Society Pvt Ltd the name was changed to Sakthi Finance (SFL) in 1967. N Mahalingam is the chairman and M Balasubramaniam is the managing director.SFL is in the business of mobilising deposits hire-purchase financing and leasing of vehicles machinery mortgage financing renting out safe deposit lockers etc. In Apr.'93 it came out with a rights issue of 32.1 lac equity shares (premium : Rs 20) aggregating Rs 9.63 cr. The issue was to partly meet the Rs 66 cr required for deployment in hire-purchase and leasing.SFL has drawn out plans to increase deployment further. It will lay more emphasis on truck finance as demand for commercial vehicles is showing an upward trend.SFL is a category-I merchant banker and has received a licence from SEBI in 1994. Hire-purchase is the company's principal line of business.The total deposits with the company as on 31.03.2001 stood at Rs.115.38 crores as against Rs.126..34 crores in the previous year.

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