The Company was incorporated on 8th November 1994, with its Registered Office at Madras and an Authorised Share Capital of Rs.300 Lacs. The Present main activities of this company are Hire Purchase and Leasing operations. MAIN OBJECTS The Main objects to be pursued by the Company, on its incorporation, as set out in its Memorandum of Association are inter alia as under: 1. To carry on the business of purchasing and letting of tease or hire in any part of the Country or abroad all kinds of Plants, Machinery, tools jigs and fixtures, agricultural machinery, trawlers, vessels, barges, automobiles and vehicles of every kind and description,office equipment of every kind computers, consumer durables of every kind, construction, machinery of all types and description, air conditioning plants, electronic equipment of all kind and description upon any terms as may be thought tit and for that purpose purchasing or otherwise acquiring domInion over the same, whether new or used rendering all financial services including financing for projects, exports and imports, acceptance of credit, invoice discounting, factoring invoices, debt collection, and making of short term and long term loans. 2. To carry on the business of technical consultants, advisors, surveyors and to render consultancy and advisory services to clients in the field of equipment leasing, manage investment pools and mutual funds and syndicate in shares, stocks and securities. 3. To extend long or medium term loans, lease finance and/or hire purchase finance to contractors and promoters of building sites, housing sites, flats, apartments, housing colonies, educational institutions, hospitals, offices, factories, warehouses, shops, wharfs, building works, etc. 4. To act as Merchant Banker and to carry on the business of Issue House, managing, administering and participating in the issues of any kind or nature as Lead Manager, Co-Manager or Advisor to the Issue. 5. To carry on the business as Authorised Dealers and/or Money Changers in Foreign Exchange and to render advisory services in all its branches including foreign exchange, export trade and setting up joint ventures aboard. 6. To carry on the business as stock broker by becoming member of one or more stock Stock Exchanges in India and abroad and/or dealer of Over the Counter Exchange of India. 7. To act as Registrars and Transfer agents of bodies corporate. PRESENT BUSINESS The Company is a Non-Banking Finance Company and provides financial services sector and business community. It started the Hire Purchase/Leasing Operations only since December 1994. It is in the process of identifying suitable manpower and setting up a good administrative machinery. It will be taking other financial service activities incourse of the next two years.