Five-Star Business Finance Ltd. Company History and Annual Growth Details

The Company was incorporated as Five-Star Business Credits Private Limited at Chennai, Tamil Nadu as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 7, 1984, issued by the RoC. The Company was converted from a private limited company to a public limited company pursuant to board resolution dated September 7, 1988 and special resolution passed by the Shareholders at the EGM dated October 3, 1988. Consequently, the name of our Company was changed from ‘Five-Star Business Credits Private Limited’ to ‘Five-Star Business Credits Limited’ and the certificate of incorporation was amended on October 3, 1988. The name of our Company was subsequently changed to ‘Five-Star Business Finance Limited’ pursuant to board resolution dated March 25, 2015 and special  resolution passed by our Shareholders at the EGM held on April 12, 2016 to align with the objects of the Company, and a fresh certificate of incorporation consequent upon change of name was issued by the RoC on May 13, 2016. Our Company is registered with the RBI to carry on the business of non-banking financial institution without accepting public deposits (certificate of registration no. B-07.00286).

Major Events:

1984 

-Incorporation of our Company

1988 

-Conversion from a private limited company to a public limited company

2006 

-Rearranged portfolio for advances by moving focus to financing in immoveable properties

2010 

-Loan book crossed Rs. 250.00 million

2013 

-Opened the 25th branch

2014 

-Expanded our geographical presence outside Tamil Nadu to Karnataka and Andhra Pradesh

-Investment of Rs. 170.00 million by Matrix Holdings;

-Loan book crossed Rs. 1,000 million

2015 

-Investment of Rs. 156.00 million by Matrix Holdings

2017 

-Crossed 100 branches;

-Expanded our geographical presence to Telangana

2020 

-Crossed 200 branches

2021 

-Loan book crossed Rs. 40,000 million

2022 

-Loan book crossed Rs. 50,000 million

-Company name has changed to Five-Star Business Finance Ltd. from Five Star Business Credits Ltd..

-Five Star Business gets $50 mn funding.
-Five Star gets Rs. 270 cr. from Sequoia, Norwest.