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Joy Realty Ltd. Company History and Annual Growth Details

The Company was incorporated as a public limited company with The Registrar of Companies (Maharashtra) at Bombay on 29.10.83. Company received certificate for commencement of business on 23.11.83. The company is presently engaged in the business of Leasing Hire purchase and Investment in securities. The Company came out with public issue of
shares in the year 1984 for 1,60,000 Equity Shares of Rs. 10 each. The Company's shares are listed at Bombay Stock Exchange. The Company made a Right issue of Equity Shares in the year 1992 for Rs.50,50 lacs, there by making aggregate paid up Capital of Rs.75 Lacs.

Now, the company proposes to expand its activities in the field of Leasing and Hire Purchase and Investment. The Company proposes to commence non fund based activities such as Public Issue Management, Portfolio Managements, Projects Finance Consultancy etc. The Company has made arrangement with M/s, MARKET CREATORS LIMITED who are Category I
Merchant Banker and CAPITAL MARKET member of NATIONAL STOCK EXCHANGE. MARKET CREATORS LIMITED is promoted by experienced professionals in the field of Finance, Merchant Banking for providing of known how in the field.

MARKET CREATORS LIMITED will provide training to the two employees of the Company for a period of two years in the field of non fund based activities.

The Company was promoted by Mr. K.S.Reddy and Mr.K.Madhan Reddy who has business Interest in of Finance, Clearing and Forwarding, Shipping Agents etc.


2007

- Madhusudan Leasing & finance Ltd has informed that the Board of Directors of the Company at its meeting held on July 31, 2007, has appointed Mr. Jayant B Soni as Director to broad base the Board, subject to retire by rotation.

2008

-Company name has been changed from Madhusudan Leasing & Finance Ltd to Joy Reality Ltd

2009

- Joy Reality Ltd has informed appointed Mr. Premesh B Khatri as an additional Director of the Company with effect from January 30, 2009 vide the resolution passed in the meeting of the Board of Directors of the Company held on January 30, 2009

- Joy Reality Ltd has informed that the Board of Directors of the Company at its meeting held on April 30, 2009, inter alia, has appointed Mr. Bhavin Soni as an Additional Director of the Company.
 
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