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Munoth Financial Services Ltd. Company History and Annual Growth Details
YEAR EVENTS 1990 - The Company was incorporated on 1st November under the Companies Act 1956 as Private Limited Company and subsequently converted as Public Limited Company by passing a Special Resolution on 16.08.95 U/s 44 of the Companies Act and obtained a fresh Certificate of Incorporation on 17th November 1995.
1996 - The company in the month of April, made a maiden public issue of 27,35,700 No. of Equity shares of Rs.10/- each for cash at par including reservation for NRIs to part finance its cost of projects.
1997 - The company has become the FIRST DEPOSITORY PARTICIPANT in Chennai, by entering into an agreement with NSDL to facilitate investors to hold the securities in the electronic form.
1998 - The Board Directors have appointed Mr. Jaswant Munoth as Managing Director for a period of five years with effect from 25th July.
2000 - Chennai-based Munoth Financial Services has tied up with US-based global merchant baker, Interlink for mutually working together in the capital market and helping the Indian and US companies in raising funds and clinching mergers and acquisitions.
- The Company has entered into a Memorandum of understanding with US-based Interlink Company, to collaborate in areas of initial public offerings and mergers and acquisitions of Indian firms by US Companies and vice versa.
- The company proposes to launch Portfolio Management Services to high networth clients - domestic and overseas.