History of Akanksha Finvest Ltd.

Akanksha Finvest Limited [AFLs] was incorporated on 17th June, 1993 as a Public Limited Comp. under The Companies Act 1956, with its registered office at New Delhi. The certificate for commencement of Business was obtained on 9th July, 1993. The Comp. was promoted with the main object of providing various financial services, it is presently engaged in the following:

1. Leasing

i. The Comp. is already engaged in leasing of Heavy Motor Vehicles & proposes to enter into Leasing of industrial equipments & Plant and Machinery with a focus on heavy & light motor vehicles, energy efficient devices & pollution control equipments. Its present lease portfolio is performing satisfactorily with no defaults. The fund requirement for Leasing in the first year is estimated at 100 lacs. Initially the Comp. would be deploying a part of its resources in leasing with more of tax planning objectives. The Comp. management has good contacts with prominent industrial groups in Delhi, Haryana and U. P. & intents to deploy this amount in leasing at competitive rates. The Company policy would be to minimise credit risk by spreading the number of lesees & going for health code i parties, even if it means lower margin of profit.

2. Equity Trading:

The Comp. is active in the primary & secondary equity market, based on detailed research of companies & industries. The Comp. identified the scrip for short term and long term investments. The investment scripwise are revived periodically, to ensure that they are within the parameters of Company, which are laid down as part of risk management systems & also to aid 'buy/sell/hold' decision making.

3. Equity Research:

The Comp. has developed a full fledged research team headed by Mr. Suresh Garg, FCA, member Delhi Stock Exchange Association limited & assisted by Mr. Vijay Agarwal, ACA & support staff which currently focuses on various industries & companies for specific investment opportunities. This team uses a large data base of Comp. reports stock market bulletins, economic & industrial forcasts, corporate newsreports to technical & fundamental analysis of scrips. It has helped in maintaining a steady information flow to various institutional investors, as part of overall distribution efforts of Company.

4. Loan Syndication:

The Comp. is presently engaged in syndication of Loans, Lease, Intercorporate Deposits & other non-fund based activities. The Comp. has already syndicated ICD to the tune of Rs. 135 lakhs for leading companies like Shaw Wallace and Co. Ltd., Kajaria Ceramics limited etc.