The Comp. was incorporated as a Public Limited Comp. on 15th May 1990 & obtained certificate of commencement of business on 22nd June 1990. Its main objects were to carry on the business of investment-financing & to purchase/deal in shares, stocks, debentures etc. In June, 1991 the Comp. issued Equity Capital of about Rs.99 lakhs which it offered on a firm & non-renounceable basis to subscribers of Dalal Street Investment Journal & Flash News Investment Weekly, magazines of group company. In October 1992 the Comp. made a Rights Issue of FCDs aggregating about Rs.262 lakhs for augmenting its investible funds. In its business of investments, the Company, making use of groups investment research abilities made a return of around 60% [March '92s] of its average invested funds. In the subsequent period ending June 1993, despite very adverse stock market conditions, the Comp. has done well to earn a return of around 30%. Over the last two years, the Comp. has established a franchise network comprising of about thirty investment advisory centres all over India. This has helped the Comp. to establish a strong presence in the retail market for financial services. The Comp. is also a SEBI approved Category i Merchant Banker. The Comp. has also entered into a sub-broking arrangement with one of Directors of Comp. who is a member of Gauhati Stock exchange.
To diversify its business & ensure stability of earnings the Comp. has broadened its activities in the areas of printing & portfolio management. In April 1993, the Comp. has diversified into the business of Dalal Street Press Limited at book value & is presently engaged in the printing of magazines of Dalal Street Communications Private Limited, a group company. These are the well known DALAL STREET INVESTMENT JOURNAL [1,45,000 copies every 15 dayss], FLASH NEWS [25,000 copies every weeks], INDIA, ECONOMIC UPDATE [30,000 copies every 15 dayss]. It also undertakes printing of annual reports of various companies. The Comp. has taken over the management of portfolio schemes from Dalal Street Credit Capital Limited, another group company.
The Comp. is part of Dalal Street Journal Group of Companies & is managed by Mr. V.B.Padode who is the Chairman & Managing Director.
Dalal Street Press Limited is a Subsidiary Company.
The company name was changed to DSJ Finance Corporation Limited during 1994. The Comp. has floated two subsidiary companies during 1994, namely DSJ Securities Corporation Limited & DSJ Agrotech Limited.