|The Company was incorporated as a Public Limited Company on 25th June, 1986 and registered with the Registrar of Companies, West Bengal at Calcutta. The Certificate for Commencement of Business was obtained by the Company on 30th June, 1986. The Company was formed by a group of engineers who had started real estate development in Bihar in 1979. Since then, the Company has shown good progress in the real estate development and has achieved increasing growth in income. Its activities have recently been extended to Ghaziabad in Uttar Pradesh.
The Ashiana Group's origin lies in its having started a flour milling industry in the state of Bihar in 1961. Since then the group has multiplied its activities by establishing further roller flour mills in Bihar, a biscuit unit in Patna, engineering units in Patna and Bokaro and an edible oil refinery in Rajasthan. The group has also entered into the field of high value added leather garment exports. Presently the garments are being exported to U.S.A., Japan & European markets. The Ashiana Group consists of :
1. Ashiana Agro Industries Ltd.
2. Ashiana Homes Pvt.Ltd.
3. Ashiana Projects Pvt.Ltd.
4. Ashiana Apartments Pvt.Ltd.
5. Ashiana Intercontinental Ltd.
6. Gupta Foods Ltd.
7. Danapur Flour Mills Pvt.Ltd.
8. Balajee Roller Flour Mills Pvt.Ltd.
9. Bokaro Roller Flour Mills Pvt.Ltd.
10. Ashiana International (Partnership firm)
All the companies (except Ashiana Agro Industries Ltd.) are closely held and not listed on any stock exchange. A group Company M/s Ashiana Agro Industries Ltd., which came for a public issue in Nov.1991, had indicated in the prospectus that the commercial production of that project would commence in the IInd quarter of 1992. This has since been delayed and is expected to commence only in Dec.1992.
The Company does not have any subsidiaries.
The Company has been promoted by Shri B P Gupta, Shri O.P. Gupta and Shri R K Modi. The Company is headed by its Chairman Shri B.P. Gupta, who is a law graduate from Meerut University and has also been the Founder Director of Magadh Stock Exchange.
-Ashiana Housing Ltd has informed that the Calcutta Stock Exchange Association Ltd (CSE) has delisted Company'''+'s securities from its exchange vide letter dated April 30, 2008 in respect of Company'''+'s application for voluntary delisting of shares.
- Company name has been changed from Ashiana Housing & Finance (India) Ltd to Ashiana Housing Ltd.
-The Company has issued Bonus Shares in the Ratio of 5:2.