Incorporated in Jul.'92 as a private limited company, Sarla Credit & Securities (SCSL) became a public limited company in Mar.'94. The company has been promoted by R Prasad and others. SCSL started operations in investment and leasing in 1992. Subsequently, it extended its operations to leasing office equipment. It commenced investment activity in Feb.'93 and has been investing in equity shares and debentures. It came out with a public issue at par to expand the present activities of leasing and hire-purchase finance, investment in shares and debentures and other capital market instruments. Its shares are listed on all the major stock exchanges. The company is analysing the various options available and plans to enter new ventures which, upon synchronisation with its existing line of operations, will take it to newer heights. In 1995, the company declared bonus shares in ratio of 1:2.