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. |
Sakthi Finance Ltd.
BSE: 511066 | Sector: Financials |
NSE: SAKTHIFIN | ISIN Code: INE302E01014 |
BSE 16:00 | 22 Apr | 13.90 |
-0.75 (-5.12%) |
OPEN
13.70 |
HIGH
15.20 |
LOW
13.65 |
NSE 05:30 | 01 Jan | Sakthi Finance Ltd |
OPEN | 13.70 |
PREVIOUS CLOSE | 14.65 |
VOLUME | 3325 |
52-Week high | 19.40 |
52-Week low | 12.05 |
P/E | 9.27 |
Mkt Cap.(Rs cr) | 90 |
Buy Price | 0.00 |
Buy Qty | 0.00 |
Sell Price | 0.00 |
Sell Qty | 0.00 |
Sakthi Finance Ltd. (SAKTHIFIN) - Company History
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