The Company was incorporated on April 21, 1994, as JRC Finvest Limited, in the office of the Registrars of Companies, Gujarat at Ahmedabad. The Company obtained the Certificate for the Commencement of Business on May 3, 1994. The Company has since commenced operations in the areas of bill discounting, investments, trading in shares. lending and investment in real estates. MAIN OBJECTIVES: The Main Object of the Company as set out in the Memorandum of Association is as under: 1. To carry on and undertake the business as Financiers and to finance lease operations of all kinds, such as hiring, letting on hire and dealing in all kinds of properly, movable and immovable, goods, chattels, motor cars, motor buses, vehicles, plant, land and building, machinery of all types and bullion stocks, shares, and securities issued by any Company; and to finance industrial enterprises and to promote companies engaged in industrial and trading business. 2. To carry on the business of an investment Company and to invest the capital and other moneys of the Company and to enter into forward and speculative transactions in the purchase or upon the security of shares, stocks, units, debentures, debenture stock, bonds, mortgages, obligations and securities issued or guaranteed by any Company, corporation or undertaking of whatever nature, whether incorporated or otherwise, and wheresoever constituted or carrying on business and to buy, convey sell or otherwise deal in shares, stocks, debentures, debenture stock, bonds, notes mortgages, obligations and other securities issued or guaranteed by any government, sovereign, ruler, commissioners, trust, municipal, local or other authority or body of whatever nature in India or abroad. 3. PRESENT BUSINESS: The Company has commenced commercial operations since July 1994 and presently has an equity base of Rs. 300 lakhs. The Company has discounted trade bills to the extent of Rs. 77 lakhs. In the area of investment banking the Company has so far deployed Rs. 165 lakhs for the purchase of shares and units. The Company has also disbursed Rs. 23.50 lakhs as short term lending to various Companies. The Company has also invested Rs. 53.90 lacs in the real estate in Dahanu Dist. Thane to develop 7000 sq.ft. of commercial area and 2500 sq.ft residential area. 2008 -Company name has been changed from JRC Industries Ltd to Aadi Industries Ltd. 2010 -Registered Office of the Company has been shifted To Siddhivinayak Society, Building No. 320, Flat No. 7, Hingwala Lane, Pant Nagar, Ghatkopar (East), Mumbai - 400075. 2011 -Aadi Industries has recommended a dividend of Rs. 0.50 per share (5%) each. |
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