|Sugal & Damani Finlease Limited (SDFL) was incorporated on 7th may 1993 in Delhi as a Public Limited Company and obtained certificate of commencement of business on 17.05.93. Subsequently the Registered Office of the company has been shifted to the state of Tamil Nadu. The order of the Company Law Board of this purpose is registered with Registrar of Companies, Tamil nadu at Madras on 01.08.94.
The Company is having a fullfledged branch at Delhi and franchise Offices at Bombay, Banaras and Ludhiana.
The Company is presently offering fund based financial services which include Hire-purchase and Leasing. The disbursement of the Company upto 31.3.94 under hire purchase is Rs.147.19 lakhs and under leasing is Rs.7.76 lakhs.
The Company is also accepting fixed deposits from the public subject to the provision of section 58A of the Companies Act, 1956. The Company has obtained classification under Non-Banking Financial Companies (Reserve Bank) Directions 1977 from Reserve Bank of India, Department of Financial Companies, Bangalore, vide their letter DFC (BG) No. 1847/BG/TNLC (S) 799 dated 26.10.1994.
The Company has its administrative office at 700, Anna Salai, Madras - 600 006 with office space of approximately 650 square feet taken on rental basis. The Company also has office space of about 1,000 square feet readily available at the Registered Office at 170, Triplicane High Road, Madras - 600 005 to meet the requirements of expanded activity.
The Company has adequate communication facilities such as telephone and tax systems, and also a computer system. The day-to-day affairs are looked after by SRI S. TEJRAJ ACHHA, who is a qualified Chartered Accountant under the supervision and guidance of Sri N. Sugal Chand Jain, Managing Director of the Company. The Company has appointed a qualified full time Company Secretary, who shall be assistant SRI S. TEJRAJ ACHHA, in secretarial and finance matters. The Company has an Office Manager, two recovery executives and marketing executive. The
Company shall be recruiting additional Managerial Personnel, as and when needed.
-Company name has been changed from Sugal & Damani Finlease Ltd to Sugal & Damani Share Brokers Ltd.