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Times Guaranty Ltd.

BSE: 511559 Sector: Financials
NSE: TIMESGTY ISIN Code: INE289C01025
BSE 00:00 | 18 Jun 59.90 -0.25
(-0.42%)
OPEN

62.90

HIGH

63.15

LOW

57.20

NSE 00:00 | 18 Jun 59.65 -0.65
(-1.08%)
OPEN

63.20

HIGH

63.30

LOW

57.30

OPEN 62.90
PREVIOUS CLOSE 60.15
VOLUME 14251
52-Week high 64.45
52-Week low 19.75
P/E 8.22
Mkt Cap.(Rs cr) 54
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 62.90
CLOSE 60.15
VOLUME 14251
52-Week high 64.45
52-Week low 19.75
P/E 8.22
Mkt Cap.(Rs cr) 54
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Times Guaranty Ltd. (TIMESGTY) - Company History

Incorporated in Nov.'89 Times Guaranty Ltd. formerly known as Times Guaranty Financials (TGFL) was promoted by Bennett Coleman and Company the proprietors of the Times of India group of publications. The company now renamed Times Guaranty started with retail and corporate lending merchant banking and money market related activities. In Apr.'91 the company diversified into portfolio management services. In 1993 the company became an active player on the OTCEI. During this time TGL started investments and trading in secondary market on its own portfolio. The company is authorised by SEBI as a category-I merchant banker and has also acquired membership of Over-The-Counter Exchange of India.TGL went public in Aug.'94 at a premium of Rs 60 to augment resources to meet the needs of its planned growth. The company restructured its finances as much as its organisation and moved further away from fund based activities. The company has also endeavoured to provide manufacturing companies with effective techniques to manage production systems without losing sight of the financial and economic rationale for its existence.Based on an organizational assessment in 1995 the company made a conscious move to exit from all fund based activities including leasing and hire-purchase. As part of this the company has discontinued the public fixed deposit scheme from the year 1997 .Subsequently the company approached RBI for exiting from the non-banking finance(NBFC) business.