|VBC Finance and Leasing Limited was incorporated by Sri J.S.
Krishna Murthy, M.V.V.S. Murthi, M.V. Subba Rao and K.
Satyanarayana, having substantial interest in various Companies
of the VBC Group, on 29th August, 1985 as a Public Limited
Company and obtained the Certificate of Commencement of Business
on 9th October 1985. The company was incorporated as an
integrated finance company primarily to undertake the activities
of Hirepurchase, Leasing, Inter corporate Deposits and mobilise
fixed deposits from the public. Presently, the management of
the Company is being looked after by Sri V. Rama Murthy and
PRESENT BUSINESS OF THE COMPANY
The Company is presently engaged in the undermentioned
1. Fixed Deposits
4. Inter Corporate Deposits
Apart from the above, the company has launched Forex Advisory
Services by providing consultancy in this area. It has also
started safe deposit lockers as a value addition to its
The Deployment of funds in the proposed activities will be made
only when the proceeds from this Rights Issue is made available
to the Company.
-Company name has been changed from VBC Finance & Leasing Ltd to Basil Infrastructure Projects Ltd.