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RR Financial Consultants Ltd. Company History and Annual Growth Details

The Company has been incorporated as private Limited Company on 4th March, 1986 with the Registrar of Companies, Delhi & Haryana at New Delhi. It has become a Deemed Public Company on 1st of July, 1991, pursuant to provisions of Section 43 (1A) of the Companies Act, 1956. Thereafter shareholder of the Company passed a Special Resolution on 28th April 1994 deleting the restrictive clause under Section 3(1)(iii) of the Companies Act, 1956 and as such Company became fully Public Company within the meaning of Section 3(1)(iv) of the Companies Act, 1956.

The commercial activities of the Company has been started in the year 1987 by Sh. Rohit Prasad and Sh. Rajat Prasad after their appointment as Directors of the Company. In 1988, the Company formally started the marketing of Public Deposit Schemes of various public and private sector companies and corporate advisory services. During 1989-90, the Company diversified into money market dealings and investments in securities.

The Company is presently engaged in following activities:

i) Marketing:

The Company started marketing of public deposit schemes of various companies in 1988 and marketed deposits of over 100 companies. The Company has recently been appointed Manager cum Broker by Steel Authority of India Limited (SAIL) for marketing its deposit scheme. The Company had mobilised deposits exceeding Rs.200 million till 30th June, 1994. The Company is an agent for various mutual funds and has collected substantial funds for them. The Company also markets units, bonds and debentures of public and private sector companies in retail
through its network of agents and representatives.

ii) Investments

The Company invests its surplus funds in various securities and over a period of time has built up an excellent portfolio of scrips. The investment includes equity shares and debentures the market value of which is Rs.124.30 lacs as on 31.03.1994 against a book value of only Rs.39.40 lacs. The portfolio includes shares of companies like HDFC, Lupin Laboratories, Ranbaxy Laboratories, ITCA Agrotech etc. acquired at very low price and which have appreciated over a period of time.

iii) Corporate Advisory Services

The Company is actively providing corporate advisory services like arranging for bill discounting, inter corporate deposits, fund placement and investment in money market instruments. It has an existing client base of blue chip companies, institutions and high networth clients. These activities has been started in the year 1988-89 and income of over Rs.2.50 millions has already been booked since then.

MAIN OBJECTS OF THE COMPANY

THE MAIN OBJECTS OF THE COMPANY AS SET OUT IN THE MEMORANDUM OF
ASSOCIATION ARE AS UNDER:

1. To advise and carry on trading in commodities, bullion, securities and stocks and shares, metals, cotton, grain, seeds, oil or in any other commodities as permissible under law.

2. To act as brokers, factors, finance agents, wharfingers, surveyors, and underwriters, in India or elsewhere.

3. To act as Agents/Managers, Issue House, Mangers/consultants to issue, Transfer Agents and guarantee Agents.

4. To carry on in all their aspects the business of hire purchase, general finance, film finance, investment trusts and investment brokers.

5. To give or accept any guarantee for the payment of money or the performance of any obligation or undertaking to open pawn houses and safe deposit vaults.

6. To carry on the business of a leasing and hire purchase finance Company and to acquire, to provide on lease or to provide on hire purchase basis all types of industrial and office plant, equipment, machinery, vehicles, buildings and real estate, required for manufacturing, processing transportation and trading business and other commercial and service business.

The Company by passing a Board Resolution under Section 149 of the Act, on 30.12.1986 had taken up the business included in sub clauses 31, 32 and 33 of Other Objects "C" of the Objects Clause of the Memorandum of Association of the Company which are reproduced below:

To invest the money in stocks, shares movable or immovable properties bullion, jeweler, pearls, precious stones, gold and other alike articles and goods for capital appreciation or sale and purchase or in joint ventures, pool/mutual investments or otherwise in such manner as may, from time to time, be determined.

To carry on the business of financing industrial enterprises, whether by way or making loan or advances to, or subscribing to the capital or private industrial/business enterprises in India.

To carry on the business Ann advancing loans whether secured or unsecured to borrow, negotiate loans or take deposits or money at interest or otherwise from any person(s), firm or body corporate.

2009

--Registered Office of the Company has been shifted from 412 -422, Indraprakash Building -21, Barakhamba Road, New Delhi - 110001
to 47, M.M. Road, Rani Jhansi Marg, New Delhi - 110055.

2011

-RR Financial Consultants has given the Bonus in the Ratio of 1:1.

2012
-RR Financial Consultants Ltd has informed that Ms. Sarla Prasad has been appointed as an additional Director (Non Executive) of the Company w.e.f. January 19, 2012.

2014
-Mr. Rajat Prasad has been appointed as an additional director of Company w.e.f. March 12, 2014.
-Mr. Rajat Prasad, Additional Director of the Company as the Managing Director w.e.f. March 13, 2014.
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