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Surana Corporation Ltd. Company History and Annual Growth Details

S.U.S. Financiers (India) Ltd. is an existing, profit
making and dividend paying company incorporated on
10th May, 1991. S.U.S has been incorporated with the
objective of providing financial services in the field of
Leasing, Hire Purchase, Bill Discounting and also accepting
deposits from public.

S.U.S proposes to expand its existing Leasing, Hire
Purchase, Public Deposits and Bill Discounting.

S.U.S has taken over the hire purchase assets of the
following sole proprietorship concerns:

Name of Concern Name of Value of H.P.
Proprietor taken over, Rs.

GSS investments Ms. Sarla Devi Surana 33,67,769
Surana Financiers Mr. Goutamraj Surana 31,56,198
GSS & Co. Ms. Alka Surana 33,39,203
GSS Finance Corpn.Ms. Vasantha Surana 30,70,239
GSS Financiers Ms. Chandan Bala Surana 44,48,942

Note: The value of H.P. was considered at book value as on
306-94 and the same has been taken over against cash.
Various items covered are two wheelers, three wheelers,
LCVs, HCVs and passenger cars. No clients have made major
default under these HP agrement.

The above ,greements have been executed between S.U.S and
the above mentioned 'proprietors on 30-6-94 and the amounts
have been paid within 6 monts.

2003

-Board approves Scheme of Arrangement

2008

-Surana Corporation Limited has informed that In the meeting of the Board of Directors held on 1st September, 2008, the Board has appointed Sh. V Muthu swami as Additional Director of the company in order to further strengthen its size.

- Surana Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on September 01, 2008, inter alia, has appointed Shri. V Muthu Swami as Additional Director of the Company in order to further strengthen its size.

2009

- Surana Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2009, inter alia, has appointed Sh. S Guruswamy as Additional Director of the Company in order to further strengthen its size.

2010

- Surana Corporation Ltd has appointed Sh. K. L. Tilakchand as Additional Director of the Company in order to further strengthen its size.
 
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