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LKP Finance Ltd. Company History and Annual Growth Details

LKP Merchant Financing Ltd

The Company was originally incorporated as Elkaypee Merchant Financing Pvt. Ltd. on 5th May 1984 and the certificate of change of name to LKP Merchant Financing Ltd was obtained on 13th February 1986.

The Company is in the field of financial Services such as hire purchase and leasing of plant and capital equipment, machinery vehicles, etc; managing public and rights issues, underwriting of issues, discounting of bills of exchange, Loan Syndication, project appraisal, portfolio management money market operations, placement of securities and other financial consultancy and
advisory services.

The Company was promoted by M/s L K Panday and Mr. Mahendra V Doshi.

The future prospects and profitability of the Company in various fields is:

1) Leasing and Hire Purchase:
The Leasing and hire purchase business of the Company has been consistently growing and it intends to tieup major Lease/Hire purchase business.

2) Capital Markets:
The Company has made an application to over the counter exchange of India (OTCEI) for sponsorship which is still under consideration. The company is also involved in Secondary capital markets by the way of portfolio management.

3) Trade Finance
In view of the Scarce bank finance there will be greater reliance on funding from non banking sector to meet the working capital and project finance requirement. Bills discounting will be increased by the infusion of additional Rs. 4 cr.

4) Full Fledged money changer (FFMC)
The Company has applied for licence for operating full fledged money changing centres. Due to changing economic environment will lead to an accelerated flow of tourists and increase in business for the Company.

5) Financial Advisory Services:
The Company forsees scope in project counselling and advisory services in areas like acquisitions and mergers and introduction of new financial instruments.

6) Portfolio management:
The Company has recruited professionals as this activity is expected to increase.

The Company has seen steady growth on all fronts, including earnings, profitability and payout and is confident of maintaining this trend in future also.

2000

-LKP Forex, a division of the company has entered into a strategic tie-up with the Joint frequent flyer program of Air India and Indian Airlines.

2002

-LKP Merchant Financing Board takes on record MOU and exclusivity agreement entered with Travelex plc.

-Kishore Baxi resigns as Company Secretary of Lkp Merchant Financing.

-LKP Merchant Financing Ltd has informed that Mr Girish Kumar B Innani is appointed as a Company Secretary of the company with effect from November 20, 2002.

2008

-Company name has been changed from LKP Merchant Financing Ltd to LKP Finance Ltd.

2009

- LKP Finance Ltd has appointed Mr. Hari Padmanabhan - as an Additional Director and Mr. Pratik M. Doshi - as an Additional Director. The company has appointed Mr. Sayanta Basu - as a Nominee Director of Agrud Capital Pte. Ltd., Singapore.

2010

-LKP Finance Recommended a dividend @ Rs 7/- per equity share

2011

-LKP Finance has recommended a Dividend @ Rs. 10/- per equity share

2012

-LKP Finance has recommended a dividend @ Rs. 2/- per equity share

2013
-LKP Finance Ltd has recommended a dividend @ Rs. 2/- (Rs. Two only) per equity share

2014
--LKP Finance Ltd has recommended a dividend @ Rs. 2/- (Rs. Two only) per equity share

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