Incorporated as a private limited company on Apr.'94, Shalibhadra Infosec Ltd, earlier known as Shalibhadra Securities Limited was converted into a full-fledge public limited company on Jan.'95. It was promoted by Jitendra R Doshi, Rajnikant R Doshi and Dharmendra R Doshi. The main activities of SIL include leasing, hire purchase, warehousing, factoring, underwriting, dealing in securities, merchant banking. It also acts as broker to the issue, registrar to the issue, share transfer agents, financial consultants and fixed deposit broker. In Mar.'96, SIL came out with a public issue of 2.50 cr to part finance the proposed expansion programme, to consolidate its capital base and further strengthen its long terms resources to meet the needs of its fund based activities and also to give capital contribution to its subsidiary company. The company has set up a subsidiary company, namely M/s Shalibhadra Finlease Pvt. Ltd incorporated on Dec.'95 which proposes to conduct fund based activities.