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Indus Finance Ltd. Company History and Annual Growth Details

The Company, Subuthi Finance Private Limited was
incorporated on 11th March, 1992 and being a privates
limited company was eligible to commence business
immediately. The company was converted into a Public Limited
Company on the 29th March, 1994. The Company is having its
Registered Office at Madras and branch offices at Bombay and


The company does not have any subsidiary.


The Company is presently engaged in the Financial Services
Operations and offers diversified range of Services which

Corporate Credit Operations

Investment Banking Operations

Merchant Banking Operations

OTCEI Operations


The Company's Corporate Credit Operations include Leasing
and Hire Purchase financing and Syndication, Bill
Discounting, Promoter Funding, Bridge Loan Financing, Loan
Syndication etc. These services have been provided to
Companies which include Agritech Hatcheries & Foods Ltd.,
Damania Airways Ltd., Damania Pharma Ltd., Ravlon Pen Co.
Ltd., Milton Plastics Ltd., Gujarat Rodrell Ltd., Solar
Pharmachem Ltd., Weizmann Industries Ltd., DLF Industries
Ltd. etc. As of December 31, 1994, the Company has total
leased assets of Rs.469 Lacs and has written hire purchase
business for Rs.1148 Lacs. For the 9 months period ended on
December 31, 1994 the company has received total rental of
Rs.251.51 Lacs. The Company, as a business Strategy for
Corporate Credit Operations will concentrate only on
financially sound companies with a good track record, based
on sustained record of profits and dividend.


The Company's Investment Banking Operations include
investing in Shaves and Debentures of actively traded blue
chip listed companies. As on December 31, 1994 the Company
has made a total investment of Rs.163 Lacs. It has received
an income of Rs 7.63 Lacs during the 9 months period ended
on December 31,1994. Keeping in view that emerging capital
market scenario the Company is confident of increasing
growth in its Investment Banking Operations.


The Company was accorded Category III Merchant Banker Status
by SEBI with effect from 1st August, 1993. The Company's
Merchant Banking Operations include Corporate Advisory
Services on Capital Structuring of both Equity and Debt and
the entire gamut of Issue Management. The Company has done
underwriting activities on selective basis. During the
period ended December 31, 1994, it has earned on income of
Rs.2.60 Lacs. During 1996 the Company proposes to apply to
SEBI for Category I Merchant Bankers status which will
enable it to undertake Merchant Banking activities offering
entire range of services.


The Company has obtained Dealership Status from the OTCEI
and it is expected that this will augument the services
offered by the Company in the Merchant Banking Operations.


The spurt in economic activities, encouragement and
enlargement of the scope for Non-Banking Financial Companies
based on Dr.Shah Committee recommendations, has opened up
vast new opportunities for full scale professionally managed
financial services companies.

To take advantage of the new opportunities, the Company has
planned to increase its capital base which, with the
permissible borrowing from Banks, will help the Company to
raise resources for setting up additional infrastructure
facilities and for increased deployment of funds in
Corporate Credit, Investment Banking and Merchant Banking


Not Applicable


- Subuthi Finance Ltd has inducted Mr. T S Raghavan, Ex. Chairman and M.D., of Bank of Maharashtra and Indian Bank as independent director effective March 18, 2010.


-Company has changed its name from Subuthi Finance Ltd. to Indus Finance Corporation Ltd.

-The Company announced the issue of Bonus Shares in the ratio of 1:1.


-The Company recommended a dividend of Rs. 0.35 per share.

-Board recommends Dividend of Rs. 0.35 per share.

-Board recommends Dividend of Rs. 0.50 per share.

- The Name of Indus Finance Corporation Limited has been changed to Indus Finance Limited