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Supreme Holdings & Hospitality (India) Ltd. Company History and Annual Growth Details

SUPREME HOLDINGS LIMITED was incorporated as a private limited company under the name of Supreme Holdings Private Ltd on 15th April, 1982. The Company was acquired as a going concern by the Jatia Group on 14.09.87 from the then existing management for a consideration of Rs 2000/-. The original subscribers have no connection, business or otherwise with the Jatia Group at present. The Company became Public Limited Company pursuant to Resolution passed in the EGM held on 21.3.94 and fresh
certificate of change in name was obtained on 20.04.94 from the Registrar of Companies, Maharashtra at Bombay.

PRESENT BUSINESS

The object of the Company is to provide a wide range of financial services under one root At present the Company is mainly engaged in: - Bill Discounting
- Investments
- Lease Syndication
- Management Consultancy

The bill discounting facility is normally provided to corporate clients with a satisfactory track record. With the help of a team of qualified professionals, on the basis of fundamentals and technical analysis of the companies at periodic intervals, the Company has been deploying its surplus funds from time to time in quoted blue chip securities.

At present, investment proposals below Rs.10 lacs are sanctioned by the General Manager (Finance & Administration) and investment proposals beyond Rs.10 lacs are sanctioned by the Operations Committee of the Board of Directors.

The Company has made a modest beginning in the field of Lease Syndication and Management Consultancy.

The Company now plans to expand its operation to include more Fund based and Non Fund based activities specially Leasing.

The Company has applied to Reserve Bank of India for registration as a Non-Banking Finance Company.

2003
- Shareholders approved the delisting of Equity Shares from Jaipur & Ahmedabad Stock Exchanges.

2008

Supreme Holdings Ltd has informed that Mr. Prasanna C Lodha has been appointed as an Additional Director of the Company with effect from January 09, 2008.

-Mr. Prasanna C Lodha is a Non Executive Independent Director of Company and he has also been appointed as member of Audit Committee and Investor's Grievance Committee of the Company with effect from January 09, 2008.

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