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History of DCL Finance Ltd.

DCL Finance Limited The DCL Finance Comp. was incorporated on 8th July 1983. [Andhra Pradeshs]. The Comp. is engaged in various activities in the financial services sector such as Lease finance, Hire purchase finance, Consumer Credit finance & has recorded significant growth over the last 3 years.

DCL Finance Limited was promoted by promoters of the DCL group of companies.

From a modes and figure of Rs. 130 lakhs for year ended 30th June 1985 the company turnover reached an all time high of Rs. 1366 lakhs for year ended 31st March 1992. The growth of company has been all through steady. The Comp. is active in Vehicle Financing especially Cars in Andhra Pradesh. During the last 3 years the Comp. has financed purchase of as many as 2000 vehicles.

The Comp. has drawn up active plans for achieving a substantial growth in its operations. For further consolidating its position the Comp. has drawn up plans for diversifying into other financial services like Merchant Banking, Portfolio Management services activities, etc.

2000 - ICRA has downgraded the rating assigned to the fixed deposit programme of DCL Finance limited from `MA-' to `MB' indicating inadequate safety.