Enter the first few characters of Company and click 'Go'

Paisalo Digital Ltd. Company History and Annual Growth Details

SE Investments Limited was promoted as a private limited Company under the
Companies Act, 1956, on 5th March 1992. On 1st March 1995, fresh certificate of
incorporation, consequent upon conversion to Public Limited Company was granted by
the office of the Registrar of the Companies, Uttar Pradesh, Kanpur. The Registered
Office of the Company had been shifted from Block no. 54, Sanjay Place, Agra to S-547, IInd Floor, Main Road, Shakarpur, Delhi-92 with effect from 22nd May 2003.

Presently the Company is engaged in the business of advances against stock of goods equipment, immovable property and other assets and providing Safe Deposit Locker services. The Company is also having 2.4 MW Wind Energy Generator at Banglore in Karnataka and 0.80 MW Wind Energy Generator at Jaiselmer in Rajasthan. The Company is a category `A' Deposit Accepting Non- Banking Finance Company registered with Reserve Bank of India.

The Company is also extending hire purchase finance on two-wheelers. The Company
also offers group finance facility on automobiles to government employees through their respective departments.

The Company is also engaged in providing personal/business loans against
hypothecation of goods and collateral of immovable property with rights under power of
attorney.

During last 2 years the Company started providing personal loans of amounts up to
Rs.50000. Both the schemes are running successfully. The Company is also advancing small and tiny loans and micro finance loans. The Company is operating as MFI partner to various banks and financial institutions.

The Company also offers Fixed Deposit schemes as per RBI rules and regulations.
Interest rates 12.50% p.a. compounded monthly. In fact SEIL was the first Company at
Agra to get registration from RBI, way back in July 1995 under the old rules and
regulations of RBI and the new registration pursuant to amendment in rules by RBI in
January 97 has been granted by RBI.

The fixed deposits of the Company are currently rated at MA- (Adequate Safety) by M/s
ICRA Limited, New Delhi.

The Company also owns and manages the first Private Safe Deposit Locker Vault at
Agra. The vault is equipped with the state of art electronic security systems and other
operational conveniences such as access control entry system linked with door opening, air-conditioned strong room with operational timings from 10 A.M. to 6 P.M. The group is diversifying in Agra inputs such as vermi compost, herbal pesticides and herbal and cow based health care products for which sufficient agricultural land has been purchased.

The biggest invisible asset of SEIL is the manpower attached to it. As the Company has grown from a very small size operator to this stage the man power attached has got their own sentiments and sincerity attached to the Company. The Company is fortunate enough to retain its staff for long period creating a sense of fraternity. The Company regularly invests in the staff by way of seminars, to develop skills in relation to key business issues such as business strategy competition and diversity and expansion. Training and development courses are held to develop their skills in imparting customer satisfaction. Management is backed by team of highly qualified & experienced professionals viz Chartered Accountant, Company Secretary MBAs, Law Graduates and retired Police Officers.

2008

-SE Investments Ltd has appointed Mr. Arun Gopal Agarwal as Non-Executive Independent Director of the Company with effect from June 25, 2008.

- SE Investments Ltd has inducted Mr. Harish Singh as Additional Director of the Company with effect from August 01, 2008 to hold office until the conclusion of the next Annual General Meeting of the Company.

2010

- SE Investments - Sanction of Credit Facility of Rs. 750 Million

- S.E. Investments Ltd appointed Mr. Vishal Sharma as a Company Secretary with effect from December 11, 2010.

-SE Investments has given the Bonus in the Ratio of 3:1

-Company has splits its Face value of Shares from Rs 2 to Re 1

2011

- S.E. Investments Ltd No payment of Stamp Duty on Increased Authorise Share Capital by the Company as per the Order dated April 21, 2011 by the High Court of Delhi at New Delhi.

-Company has Consolidates its Face value of Shares from Rs 1 to Rs 10

2012

- S.E. Investments Ltd board recommends Dividend @ 10%

2013
-Company has recommended Dividend @10% (i.e. Re. 1/- per share on the face value of Rs. 10/- each).

2014
-S.E. Investments Ltd board recommends Dividend @ 10%.

2016
-S.E. Investments Ltd has informed BSE that Registered Office and Corporate Office of the Company has been shifted to 101 CSC Pocket-52, CR Park, Near Police Station, New Delhi-110019 w.e.f. April 25, 2016.

2018

-Company name has changed to Paisalo Digital Ltd. from SE Investments Ltd..

- Company has launched new Loan Disbursal App 'PAISALO'.

2019

-NCLT has approved Scheme of Amalgamation between Agarwal Meadows Private Limited (Transferor Company) and Paisalo Digital Limited (Transferee Company)

2022

-Company has splits its face value from Rs. 10/- to Rs. 1/-.

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article