Incorporated in Feb.'94 as Vasparr Consultancy Services Pvt Ltd and converted into a public limited company in Sep.94, it was later renamed Vasparr Securities.
The company has been promoted by Jayesh V Valia and Nimesh S Joshi. The company provides a wide range of financial services like leasing, hire purchase, corporate finance, advisory and financial consultancy. The company is carrying on business of investments in capital market and placement of ICDs. The company has invested its own funds in various listed companies amounting to Rs 148.97 lacs.
During the year 1998-99, the company diversified into new areas of activities in Entertainment and Software/Hardware in Computer System and manufacture and sale of plastic, metal drums/barrels.
The company has changed its name to `Vas Animation & Entertainment Ltd' (VAEL) during the year 1999-2000.