Sharyans Resources Ltd. (SRL) was incorporated on 16th October 1982 It was promoted to carry on the business of leasing, hire-purchase and investment in securities as its primary objectives. However, the Company since inception was carrying on the activity of trading in synthetic yarns and fabrics till March 1993. In 1993 SRL commenced operations in trading in securities. SRL made its maiden Public Issue in February 1983 and the equity shares of the Company were listed on the Calcutta Stock Exchange. The Company subsequently made a Public Issue in December 1993 to finance its fund based activities. The shares of the company were subsequently listed at Bombay, Jaipur and Ahmedabad Stock Exchanges. In the year 1994-95 the Company diversified its operations with emphasis on Real Estate Finance and Development, Project Management & Investment and Lease Finance. The Company is not a Non Banking Finance Company (NBFC) and hence is not registered with RBI under the said law. By virtue of being a Non NBFC, the Company would not be able to borrow upto two/ten times the net owned funds as allowed for NBFC's. The amount of deposits that can be raised by the Company will be as per the limits laid down under Section 58A of the Companies Act, 1956. PRESENT BUSINESS Real Estate Finance and Development is a fund based activity. This involves purchase of property/development rights for residential and/or commercial purposes either solely or jointly in partnership with the Owners/builders/investors. The property is then developed in accordance with the approved plan from the statutory authorities viz., local municipal bodies etc. The developed property is then sold at various stages of completion in whole or in parts at the then prevailing market rates. The company also finances builders for their projects and charges interest according to type of construction and risk involved in the venture. These loans are sometimes secured by lien/option to purchase the property. The Company would be carrying on the business of Housing Finance and would be lending to Corporates for providing housing to its employees. The Company would not be involved in retail housing finance and hence is not registered with National Housing Bank (NHB). It won't be entitled for refinance from NHB. The Company has already entered into some such contracts, the details of which are stated elsewhere in the offer document. Project Management and Investments is also a fund based activity. Project Management involves identifying property for development/restructuring, syndicating all resources required for executing the project and finally making arrangements for sale/disposal of the same. All the above activities are done on behalf of the property owners. The Company does not enjoy any ownership rights on such property. The project may involve both residential and/or commercial properties. For the above services Company charges management fees in addition to cost of providing resources, if any, for the same. In the year 1994-95 the Company successfully managed a property development project at Worli, belonging to S. Kumars group. In this project the Company provided finance aggregating to Rs.210.00 lacs and syndicated additional funds to the extent of Rs.140.00 lacs, for restructuring and development. The Company also invests in real estate and securities both for long term purposes as well as parking its funds for short term. In 1994-95, the Company earned a sum of Rs. 213.56 lacs through the above activities. The Company has also tied up three properties under this activity details of which are mentioned under the head Business Prospects and Profitability. Besides real estate activities, the Company has also deployed Rs. 91.29 Lacs towards lease of plant and machinery and earned Rs.10.81 Lacs as Lease income in addition to tax benefits accruing from depreciation shelter. The assets have been leased to M/s. Pradeep Metals Ltd., Bombay. It is in the process of widening its client base for lease operations. The Company has been providing Corporate Advisory Services in the areas of Corporate Finance, Loan Syndication etc. In the year 1994-95, the Company earned a sum of Rs. 8.15 Lacs from this activity. SRL has promoted Oracle Stocks & Shares Ltd (OSSL). OSSL is a Trading Member of the National Stock Exchange (NSE) for both the Wholesale Debt Market and Capital Market Segment. OSSL was incorporated on 28th April, 1994, with SRL as a dominant shareholder. This has enabled SRL to have an access to dealing on the NSE for its Investment trading activity. 2005 -Sharyans Resources has given the Bonus in the Ratio of 1:2 2011 -Registered Office of the Company has been shifted To 4th Floor, Kalpataru Heritage,127, M. G. Road, Fort, Mumbai - 400 001. 2012 - Sharyans Resources has recommended dividend Rs. 0.50 per share (@ 5%) . 2013 - Sharyans Resources has recommended dividend Rs. 0.50 per share (@ 5%). 2014 -The Company Changed it's name from Sharyans Resources Limited to "CREST VENTURES LIMITED". -Crest Ventures has recommended dividend Rs. 0.50 per share (@ 5%). 2015 -Scheme of Amalgamation between ITI Capital Holdings Private Limited and ITI Securities Limited and Crest Ventures Limited. 2017 -Crest Ventures acquires shares from Fuhse River in CMDCPL