|VBC Finance and Leasing Limited was incorporated by Sri J.S. Krishna Murthy, M.V.V.S. Murthi, M.V. Subba Rao and K. Satyanarayana, having substantial interest in various Companies of the VBC Group, on 29th August, 1985 as a Public Limited Company and obtained the Certificate of Commencement of Business on 9th October 1985. The company was incorporated as an
integrated finance company primarily to undertake the activities of Hirepurchase, Leasing, Inter corporate Deposits and mobilise fixed deposits from the public. Presently, the management of
the Company is being looked after by Sri V. Rama Murthy and Associates.
PRESENT BUSINESS OF THE COMPANY
The Company is presently engaged in the undermentioned activities :
1. Fixed Deposits
4. Inter Corporate Deposits
Apart from the above, the company has launched Forex Advisory Services by providing consultancy in this area. It has also started safe deposit lockers as a value addition to its
The Deployment of funds in the proposed activities will be made only when the proceeds from this Rights Issue is made available to the Company.
-Company has created E-mail ID, firstname.lastname@example.org of the grievance redressel division / compliance officer exclusively for the purpose of registering complaints by investors.
-Company name has been changed from VBC Finance & Leasing Ltd to Basil Infrastructure Projects Ltd.