The Company has since commenced operations in the areas of billdiscounting investments trading in shares. lending andinvestment in real estates.

MAIN OBJECTIVES:The Main Object of the Company as set out in the Memorandum ofAssociation is as under:

1. To carry on and undertake the business as Financiers and tofinance lease operations of all kinds such as hiring lettingon hire and dealing in all kinds of properly movable andimmovable goods chattels motor cars motor buses vehicles plant land and building machinery of all types and bullionstocks shares and securities issued by any Company; and tofinance industrial enterprises and to promote companies engagedin industrial and trading business.

2. To carry on the business of an investment Company and toinvest the capital and other moneys of the Company and to enterinto forward and speculative transactions in the purchase orupon the security of shares stocks units debentures debenture stock bonds mortgages obligations and securitiesissued or guaranteed by any Company corporation or undertakingof whatever nature whether incorporated or otherwise andwheresoever constituted or carrying on business and to buy convey sell or otherwise deal in shares stocks debentures debenture stock bonds notes mortgages obligations and othersecurities issued or guaranteed by any government sovereign ruler commissioners trust municipal local or other authorityor body of whatever nature in India or abroad.

3. PRESENT BUSINESS:The Company has commenced commercial operations since July 1994and presently has an equity base of Rs. 300 lakhs.